Flood-hit Kerala seeks Rs 8,316 cr for relief, rehabilitation
Kochi, Aug 12 : Kerala Chief Minister Pinarayi Vijayan on Sunday submitted a memorandum to the visiting Union Home Minister Rajnath Singh seeking Rs 8,316 crore as a special package for dealing with the situation arising from unprecedented floods following heavy monsoon rains.
The central minister had earlier conducted an aerial survey of the flood ravaged Idukki and Ernakulam districts.
"As it requires more time to make a detailed assessment of the damage that has been caused, we require an immediate assistance of Rs 1,220 crore from the National Disaster Relief Fund," said Vijayan's memorandum.
The Chief Minister has pointed out that this round of calamity comes close on the heels of the damages that was caused due to the heavy rains last month and for that a sum of Rs 820 crore was already cleared by the central team.
"...taking into the grievous situation now prevailing, there should be a more liberal approach when deciding the rates of compensation," added Vijayan.
The memorandum states that since Thursday till Sunday 37 people died while five others have been reported missing.
Rajnath Singh told the media that the state has witnessed the worst ever situation since 1924 and there has been all round damage caused to crops, homes, properties besides tourism activities and the lives of one lakh people have been affected.
The minister said that considering the grave situation, "I have made an immediate release of Rs 100 crore" and a new central team would be sent soon for the assessment of the damages.
Rajnath Singh also met a delegation of the Congress-led opposition besides leaders from his party also.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
SC does not interfere with order allowing Adani to acquire JAL, asks NCLAT to decide expeditiously
New Delhi (PTI): The Supreme Court on Monday did not interfere with the order of the National Company Law Appellate Tribunal (NCLAT), which had refused to stay Adani Group's Rs 14,535 crore bid to acquire Jaiprakash Associates Ltd (JAL).
The bench, however, restrained the monitoring committee of ailing JAL from taking any major policy decision without a prior nod from the NCLAT.
The top court asked mining giant Vedanta Ltd and successful resolution applicant, Adani Enterprises Ltd, to raise contentions and counterclaims before the NCLAT, which will commence final hearing on the row on April 10.
A bench comprising Chief Justice Surya Kant and Justice Joymalya Bagchi asked the NCLAT to decide the plea and the counter petition expeditiously on the dispute over the acquisition of JAL by the Adani group.
Earlier, Vedanta Ltd moved the top court seeking a stay on the order approving Adani Group's Rs 14,535 crore bid to acquire Jaiprakash Associates Ltd (JAL).
Vedanta filed its appeal on March 25, a day after the National Company Law Appellate Tribunal (NCLAT) refused to stay implementation of the plan.
The insolvency appellate tribunal on March 24 declined any interim stay over the Vedanta Group's plea against the order passed by the National Company Law Tribunal (NCLT) approving the Adani Group's bid for acquiring JAL.
The NCLAT's two-member bench sought a response from the Committee of Creditors (CoC) of JAL within a week. It also directed to list the matter on April 10 for the next hearing.
Vedanta group was in the race to acquire JAL through an insolvency process, but the lenders in November last year approved the resolution plan of Adani Enterprises Ltd. The NCLT approved the Adani Group's bid.
Challenging the NCLT order, the Vedanta group has filed two appeals before the NCLAT. In the first, it has challenged the validity of the resolution plan, and in the second, it has challenged the approval of the plan by the CoC and the adjudicating authority -- the NCLT.
