Business Standard
Monday, May 28, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

Funds no constraint for flood-hit states: Chidambaram
Press Trust of India / New Delhi Oct 06, 2009, 11:41 IST

The Centre today assured flood-ravaged Karnataka and Andhra Pradesh that funds will not be a constraint for relief and rehabilitation and asked them to focus on providing succour to the affected people.

Home Minister P Chidambaram, who visited the flood-hit areas of the two southern states, said the state governments may utilise the Calamity Relief Fund (CRF) immediately and once 75 per cent of CRF is exhausted, the states may draw on the National Calamity Contingency Fund (NCCF).

"Advances from NCCF will be provided. As soon as the state government concerned is ready to receive the central team, a team will be sent to the state to assess the damage according to well established norm," he said in a statement.

"I wish to assure the state governments that availability of funds will not be a constraint and that they should focus on providing relief to the affected people," he said.

The measures have been taken after consultation with Prime Minister Manmohan Singh.

Chidambaram said further measures would be considered on the return of Finance Minister Pranab Mukherjee from his trip abroad tomorrow.

"We have advised these interim measures in order that rescue and relief operations should continue without hindrance," he said.

Chidambaram made an aerial survey of the flood-hit areas along with UPA chairperson Sonia Gandhi yesterday.

"We were deeply moved by the scale of the calamity. The loss of life, property, cattle, and standing crops is enormous. Lakhs of people have been accommodated in camps. Rescue and relief operations are in full swing, and it may take a few more days for the situation to stabilise. There will be more work to be done in the days and weeks ahead," he said.

Chidambaram said the government has rushed aid and help to the affected states in the form of troops, rescue and relief forces, diving and swimming teams, boats and helicopters.

"The Central government stands ready to provide more help, if needed." he added.

An amount of Rs 139.36 crore has been allocated in the CRF for Karnataka for 2009-10, comprising Rs 104.52 crore as central contribution and Rs 34.84 crore as state contribution. The first installment of Central share of CRF amounting to Rs 52.26 crore has already  been released.

An amount of Rs 418.22 crore has been allocated in the CRF for Andhra Pradesh for 2009-10, comprising Rs 313.66 crore as central contribution and Rs 104.56 crore as state contribution. The first installment of Central share of CRF amounting to Rs 156.83 crore has already been released.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end flat
- Turbulence ahead for airlines despite oil price drop
- Weak rupee may bring cheer to NRIs, expats
- LIC buys PSU stocks, sells pvt sector blue-chips in Q4
- Banks may lower deposit rates as inflation eases: Report
  Read Business news in 
- Journey on, We are by Your Side. Click here to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- Learn How One City is Running on FOOD SCRAPS.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Renu Kohli: Rupee: depreciated tactics
- CBI arrests Jagan Andhra on alert
- Mobile handset companies bet on Indian app makers
- RIL wants import-parity price for its gas
- Gold imports fall 32% on strict govt measures
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  Hot Searches  
 
Apalya |  Air India |  GAAR |  Agni  |  Solar eclipse |  Satyamev Jayate |  SRK |  Aamir Khan |  IPL |  Ertiga |  Sarfaesi Act |  Vodafone |  JP Morgan |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us