Parts of Indian Himalayan region vulnerable to major quakes

July 18, 2013
Hyderabad, July 18: Parts of the Indian Himalayan region are facing the risk of major earthquakes in the future, according to a study conducted by city-based National Geophysical Research Institute (NGRI). himalaya

"The conclusion was reached following seismic imaging (similar to human body imaging) of the Kumaon-Garhwal region in Uttarakhand for the purpose of the study," Shyam Rai, Chief Scientist (Seismic Tomography), who led the team of NGRI scientists, told PTI.

The study, also contributed by Stanford University of United States, was conducted from April, 2005 to June, 2008 as sought by the Union government and the initial report was submitted in 2010. However, full details regarding seismic imaging and other aspects of the study were found out subsequently.

Asked if recent heavy rains in Uttarakhand were anyway related to the findings, he replied in the negative but said they are coupled systems.

"Uttarakhand was chosen because space measurements were available, which show that the strain build-up is maximum in this area. So, the chance of having an earthquake also is maximum. So, they wanted to know where the earthquakes are occurring. Also, in Kumaon, there was a major earthquake in 1803," Rai said.

Quoting from British Gazettes of the date, he said the effects of the 1803 quake were felt right up to Lucknow.

"If nothing bigger, even if that has to occur now, with this whole bunch of new constructions and dams and large population, the effect would be far more severe. It is in this context, the government decided that we should have a proper monitoring," Rai said.

He said that several destructive earthquakes had occurred along the part of Indian Himalayan belt – from Jammu and Kashmir to Arunachal Pradesh.

Geophysicists found that 90 per cent of earthquakes were concentrated along a line that passes through Badrinath, Kedarnath and goes up to north-west Himalayas.

NGRI, under the Council of Scientific and Industrial Research (CSIR), is the country's largest research and development organisation.

It is generally felt that earthquakes are likely to occur in the region where they have already taken place.

"It is always said that India is going down beneath Asia and that's what basically causing all earthquakes...So, it will be going down at some angle. If this angle is very smooth, then the chances of any energy concentration would be very low. But if the angle becomes high, then there is a stronger chance of energy concentration, where it is bending," Rai explained.

Earlier, it was said that India was "going down" at something like 4-5 degrees which was smooth. However, when we tried to image this, we found that this is not true," Rai said.

The observation made by the NGRI team was that the seismic development was taking place at the steep angle of 16 degrees.

"From flat to very steep, the energy concentration would always be much higher.

This is happening closer to Chamoli. A couple of years back, we had a sequence of quakes in Uttarkashi, Chamoli, and most of them happened where it is bending.

"This is the precise reason why we made the statement that this is bending and bending at a much steeper angle," the chief economist said.

He said the geophysical activity in the area makes it vulnerable to big tremors."...The chance of energy concentration is going to be much higher. Energy concentration is continuously going on and no big earthquake is coming.

"That means, continuously energy is being stored at that location. But, it cannot happen indefinitely. It has to be released. If it has to be released, then an earthquake has to be of magnitude more than eight or there are 20-30 earthquakes of more than seven," he said.

"However, this is unlikely and an earthquake, if it hits the region, could be of the magnitude of more than eight," Rai said.

He said that any major earthquake in Chamoli or Kumaon region could affect Delhi too as the city is in the line.

Rai said it was impossible to assign any time-frame to the calamity.

"However, a prediction based on general pattern of cyclicity of earthquakes shows that it is possible to have an earthquake of more than 7.5 magnitude after 180 years. The last such major earthquake had occurred in 1803 in that area," he said.

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News Network
March 13,2020

Mumbai, Mar 13:  Investor wealth worth nearly Rs 12 lakh crore was wiped out in less than 15 minutes of trading on the stock exchanges on Friday, with the two benchmarks, the BSE Sensex and the NSE Nifty, crashing over 10 per cent.

The 30-share BSE Sensex plummeted 3,380.59 points, or 10.31 per cent, to 29,397.55. It hit an intra-day low of 29,388.97, falling up to 3,389.17 points.

Trading was halted for 45 minutes in the early session after the index hit its lower circuit limit.

The BSE and NSE benchmark indices, however, pared most losses with the Sensex trading 835.40 points, or 2.55 per cent, lower at 31,942.74, and the Nifty was down 253.25 points or 2.64 per cent at 9,336.90 at 10.40 am.

The mayhem on Dalal Street eroded investor wealth worth Rs 12,92,479.88 crore, taking the total m-cap to Rs 1,12,78,172.75 crore on the BSE at 1020 hours.

The m-cap of BSE-listed companies stood at Rs 1,25,70,652.63 crore at the end of trading on Thursday.

Traders said besides global selloff, incessant foreign fund outflows also weighed on investor sentiments.

On a net basis, foreign institutional investors sold equities worth Rs 3,475.29 crore on Thursday, data available with stock exchanges showed.

On the BSE, 1,279 scrips declined, while 193 advanced and 40 remained unchanged.

Volatility heightened in global markets as benchmarks world over went into panic mode, insinuating a freakish selloff.

Bourses in Shanghai dropped over 3.32 per cent, Hong Kong 5.61 per cent, Seoul 7.58 per cent and Tokyo cracked up to 7.97 per cent.

Wall Street lost 10 per cent in overnight trade.

More than 1,30,000 cases of the novel coronavirus have been recorded in 116 countries and territories, killing at least 4,900 people.

The number of coronavirus patients in India has risen to 74, as per the health ministry.

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Agencies
July 24,2020

Mumbai, Jul 24: Reliance India Limited (RIL) on Friday overtook ExxonMobil to become the world's second most valuable energy company and 46th among the world's largest companies by market capitalisation.

RIL's market capitalisation stood at Rs 14.16 lakh crore (USD 189.3 billion) at market close on Friday. ExxonMobil's current market value is USD 184.77 billion.

"Reliance Industries, with a market capitalisation of USD 189.3 billion now is the second-most valuable energy company in the world. Reliance Industries now stands at 46th among the world's largest companies by market capitalisation ahead of well-known names like ExxonMobil, Abbott Laboratories, Oracle Corp, Chevron and Unilever Plc, and just below PepsiCo," RIL said in an official release.

RIL continued its rally on Friday, notwithstanding overall weak market conditions.

RIL shares made a new all-time high of Rs 2,163 and were last traded at Rs 2,148.8 on NSE with a gain of 4.4 per cent. The market capitalisation of fully paid-up shares stands at Rs 13.62 lakh crore (USD 182.06 billion), the release said.

Reliance partly paid-up shares gained 9.33 per cent on NSE today to last trade at Rs 1289.95. The partly paid-up shares now have a market capitalisation of Rs 0.55 lakh crore (USD 7.29 billion).

"Reliance's share price had touched a bottom of Rs 867 on March 23, 2020, when the total market value of the company stood at Rs 5.5 lakh crore or $73.5 billion. Thus, RIL has added $115.9 billion to shareholder wealth within just four months - one of the highest value creation feats in the world in such a short time," the release said.

Reliance had earlier raised Rs 212,809 crore through Rights Issue, combined investments in Jio Platforms and investment by bp.

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News Network
June 20,2020

Bhopal, Jun 20: A senior BJP MLA in Madhya Pradesh tested COVID-19 positive hours after he cast his vote for the Rajya Sabha polls in the state and attended party meetings, an official said on Saturday. The legislator's wife has also tested positive for the infection, he said.

Voting for three Rajya Sabha seats in the state took place on Friday.

The couple's test reports came on Friday night and the news of the MLA's infection triggered panic among other MLAs with some of them reaching hospitals to get themselves tested.

"The MLA and his wife were found infected with COVID- 19 in the tests conducted by a private laboratory. We are examining their condition and making a decision whether they need to be hospitalised or home quarantined," a health department official told.

He said that the MLA's contact tracing has been initiated.

"Further tests are also being conducted," he said.

He is the second legislator in Madhya Pradesh, who was tested coronavirus positive.

Earlier, a Congress MLA was found infected. He had voted for the Rajya Sabha polls on Friday after reaching the state assembly complex wearing a PPE suit.

Talking to , a member of the BJP MLA's family said that the medical team was called on Friday afternoon for the COVID-19 test after the legislator's wife complained of uneasiness.

"The MLA and his wife gave the samples to the medical team for the COVID-19 tests on Friday afternoon and they were told at night that both of them have tested positive for the infection," he said.

After the news of BJP MLA testing positive spread, a senior BJP MLA from Mandsaur, Yashpal Singh Sisodiya, reached government-run J P Hospital here along with two other party MLAs.

Talking to reporters, Sisodiya said, "I came here along with two other MLAs from our division- Dilip Makwana (Ratlam Rural) and Devilal Dhakad (Garoth)- after we came to know through media and social media that one of the MLAs from our division has tested positive for COVID-19."

"We don't have any symptoms, but came to test for COVID-19 as a precautionary measure," he said.

Dhakad said that he came for testing as he had dined with the MLA two days back.

Talking to , Madhya Pradesh State Assembly's Principal Secretary A P Singh said that all the precautionary measures were taken during the Rajya Sabha polling.

"All employees were in safety gears during the Rajya Sabha election process. The assembly campus was being sanitised every 15-20 minutes during the polling process...We are now going through the CCTV footage to trace those who had come in his contact," he said.

Congress MLA and former minister P C Sharma said that those who came in contact with the BJP legislator should be traced and quarantined.

"The employees and MLAs who came in contact with him during the voting process should be tested," Sharma said.

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