World
Tsunami drill begins in India, other Indian Ocean nations
A major Indian Ocean-wide tsunami mock drill involving India and 23 other Indian Ocean countries began on Wednesday to test warning and detection systems.
 
A tsunami warning was simulated with an earthquake of magnitude 9.2 south of Sumatra, Indonesia in the eastern Indian Ocean at 8.30 a.m.
 
The exercise involves evacuation of around 35,000 people from the coastal regions of India. The evacuation is being taken up in Andaman and Nicobar Islands, Odisha, Andhra Pradesh, Tamil Nadu, West Bengal, Kerala, Gujarat and Goa.
 
Authorities in Andhra Pradesh have selected a village each in nine coastal districts for evacuation as part of the exercise to check the preparedness.
 
The end-to-end warning systems -- from tsunami detection and forecast, threat evaluation and alert formulation, dissemination to public and their awareness and responses -- would be put to test during the mock drill, officials said.
 
Named 'IOWave16', the two-day mock drill is being organised by the Intergovernmental Oceanographic Commission (IOC) of the UNESCO, which coordinated the setting up of Indian Ocean Tsunami Warning and Mitigation System (IOTWMS) in the aftermath of the December 26, 2004 tsunami.
 
The major objectives of IOWave16 include testing the efficiency of communication links, disaster management offices and local communities at risk.
 
The Indian Tsunami Early Warning Centre (ITEWC), based out of the Indian National Centre for Ocean Information Services (INCOIS) here is capable of detecting tsunamigenic earthquakes within 10 minutes of their occurrence and issue timely advisories to disaster management officials as well as to the vulnerable communities.
 
On the second day of the two-day exercise on Thursday, agencies involved will simulate a magnitude 9.0 earthquake in the Makran Trench, south of Iran and Pakistan, in the northwestern Indian Ocean.
 
More than 2,00,000 people were killed in Dec 26, 2004 tsunami, which was triggered by an undersea earthquake off Sumatra, Indonesia.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
  

 

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COMMENTS

Bapoo Malcolm

9 months ago

When do we have one in Mumbai? It's got tons of low lying areas and will wash from west to east coast.

Sink or swim, return investors' money, SC tells Supertech
In an unambiguous message, the Supreme Court on Tuesday told real estate giant Supertech to return flat buyers' money, brushing aside its plea of financial constraints and the prospects of its sinking.
 
"Either you sink or die, we are not concerned. You will have to pay back the money to home buyers. We are least bothered about the financial status," the bench of Justice Dipak Misra and Justice Adarsh Kumar Goel told the firm.
 
The court's stern message came as senior counsel Rajeev Dhavan, appearing for it, told the bench that the builder did not have funds as money invested by the flat buyers has been spent in the construction of the building towers. He tried to draw a distinction with another real estate giant Unitech saying that later did not have a building whereas Supertech had them.
 
Telling the court that it could not act as a banker, Dhavan said that not all the flat buyers were against the real estate builder, pointing out that some of them have filed the plea challenging the Allahabad High Court's 2014 order directing demolition of two building towers.
 
The Allahabad High Court had on April 11, 2014 ordered the demolition, coupled with direction that flat buyers money should be returned with 14 per cent interest in three months' time.
 
The top court had on May 5, 2014, ordered status quo thereby putting on hold the demolition.
 
The bench was Tuesday informed that of 628 flat buyers, 274 have sought alternate arrangements, 74 have sought re-investment and 108 have sought refund of their money.
 
Directing the Supertech to return 17 flat buyers money in four weeks' time, the bench asked PSU National Building Construction Corporation to submit its inspection report by October 25.
 
The top court had on July 27 asked the NBCC to examine whether the distance between two disputed 40-storey buildings towers at Supertech's Emerald Court Complex in Greater Noida was in accordance with building regulations.
 
The court had on July 19 ordered the realty major to deposited Rs 5 crore with the court's registry, which it has complied with. 
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
  

 

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COMMENTS

k.mohanarangam k.mohanarangam

9 months ago

thanks moneylife for the information with a request to
apprise ofrany legal position
with regard to m/s.Unitech ltd.

Growth Idea Lab

9 months ago

i think any solution which allows resolution shall be welcomed.as we are in complex situation with legacy,findind solution may not be easy.but rbi is giving enough indications to correct the situation

as i am representing msme,because our loan/unit is small and the mass is absolutely heterogineus it is not possible to give better solution then guidelines given by rbi in march.but to my knowldge no bank has implemented at branch levels.banks are not taking rbi seriously.apart from correption,cvc,cbi is also worriing branch people so the matter do not get reloved

Shyamsunder Nambiar

9 months ago

Salutations ,Kudos to the Judges of The Supreme Court for this courageous and Bold decision. Respected Supreme Court Judges - You are the Only Hope for the Citizens of India. The Respected judges have put the Fear of Law into these unscrupulous Builders who till now were thinking that India is a lawless country... thanks to the Thareek pe Thareek adjournments which go for years and decades...Prevention is better than Cure for this country wide spread disease - called cheating the innocent and gullible Home Buyers of their hard earned money by the Unscrupulous Builders. We need an urgent and important judgment from the Supreme Court to immediately stop Builders from selling Flats in under construction projects. Builders who have sold Flats and not given possession for more than 5 yrs should be made to refund the money paid plus compensation equivalent to an amount to enable the cheated Customers to buy a ready to move-in house in the same area.While there are few Good Developers who care for customers, there are Hundreds of Builders (some erstwhile big names who now have a sullied reputation, included) who are openly cheating gullible and innocents customers. As the recent judgments from the Supreme Courts to the High Courts and Consumers Courts are now increasingly realizing the plights of the sufferings of Home Buyers and have become the saviors of the common man.The Bitter truth is that the Builders have taken money from Customers and instead of using that money for constructing the Flats the purpose for which customers have paid, they have diverted that money- partly to purchase other properties, partly to their personal accounts to fund their lavish lifestyle, as the Mumbai High Court mentioned...partly siphoned out funds.. and is left with nothing to pay the contractors and the suppliers to construct the Customer's Flat. The lame excuse given to customers is that the Govt does not give approvals. The Big question then is why did you sell making false promises and you still continue to sell. When they have not delivered to Customers who have booked 5 yrs or even more than 10 years back, it is so obvious that some of these unscrupulous Builders are indulging in a criminal act of Conspiracy to Cheat the gullible customers and are Wealth Stealers. Charge them under Section 420 of the Indian Penal Code. Put them in Jail, behind the bars like the Supreme Court did with the Sahara Chief. All the Customers money that was siphoned out of the company into personal accounts will come back from wherever it is stored. The Courts should not accept this fraudulent statements - that the Builders cannot refund the Customers own hard earned money. Don't underestimate the Indian Judiciary. Don't underestimate our Esteemed Supreme Court. Respect the Customers who provide the next meal to you and your family. Learn to be Grateful to Customers. Customer is the King. Customer is God. GOD BLESS ALL OF US ..INCLUDING THE UNSCRUPULOUS BUILDERS. GET WELL SOON

Param

9 months ago

maybe they can get the money back from the govt officials they bribed to create this mess in the first place...

Court tells Britannia to change packaging style for new biscuit
The Delhi High Court on Tuesday directed Britannia Industries Ltd to stop using the current packaging style for its "Nutri Choice Digestive Zero" biscuits and phase out the existing stocks in four weeks on the complaint of rival ITC Ltd.
 
Justice S. Muralidhar, in an interim order, said: "A market leader like Britannia can certainly eat into the market share of a relatively smaller player like ITC in the biscuit trade by adopting a deceptive variant of the latter's get up and trade dress but the converse may not be true."
 
ITC alleged the Britannia's style and packaging for the biscuit was "deceptively" similar to its "Sunfeast Farmlite Digestive - All Good" biscuits launched in February 2016, while Britannia came out its product. Both brand of biscuits are currently sold in a blue and yellow packaging.
 
In its order, the court, however, said Britannia can adopt any packaging which is distinctively different from the packaging that is currently used by ITC, which claimed that Britannia's packaging for the biscuit is an imitation of its packaging for its product and when placed next to each other, they are indistinguishable to the unwary customer.
 
"The new entrant with a product that enjoys a growing popularity might require protection," said the court.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

 

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