Kerala reconstruction, rehabilitation: State seeks FRBM limit relaxation

Rehabilitation process of the floods, that claimed close to 350 lives, has gathered momentum

Kerala Flood : In order to open more fundraising channels for reconstruction and rehabilitation of its flood-hit areas, Kerala is set to approach the central government to increase its market borrowings limit from 3 per cent of Gross State Domestic Product (GSDP) to 4.5 per cent. The state is already in talks with the World Bank to raise Rs 100-150 billion. This comes at a time when the Centre has declined aid from foreign countries like the United Arab Emirates, which, according to Chief Minister Pinarayi Vijayan, promised “Rs 7 billion”.

If the Centre agrees to relax the Fiscal Responsibility and Budget Management (FRBM) rules for Kerala, its ability to raise money from the markets may increase by around Rs 115 billion. “At present, our FRBM limit is 3 per cent of GSDP, which we are planning to ask the Centre to increase to 4.5 per cent,” said a state official close to the development. However, senior Union finance ministry officials say there are strict parameters for relaxing the FRBM limit, and hence the borrowing and expenditure limits, for a state. 

There are no precedents for relaxing the FRBM limits for any state due to natural disasters.

“The FRBM limits are strictly defined and hence giving a one-time relaxation to Kerala because of the floods is unlikely,” said an official. “The state is free to borrow within its limits, and the central government will release more funds to help rebuild the state after the floods,” the person said.

As far as the central government is concerned, a well laid-down process is followed before deciding the aid to be given to a disaster-affected state, officials say. In case of drought, it is the Union agriculture ministry which takes the lead, and in case of other disasters, it is the Union home ministry.

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Kerala floods LIVE: UAE offers Rs 7 bn; train services partially restored

In the worst ever torrential rains in Kerala in this monsoon season, over 350 lives have been lost and one million persons evacuated to 5,645 camps so far

Kerala floods: The situation in the flood-ravaged state was gradually improving, even as some rainfall was forecast for the coastal state from Monday onwards. According to the Indian Meteorological Department, “heavy rainfall” is expected only in Kozhikode, Kannur and Idduki districts over the next four days. However, even as water recedes from major areas, authorities are gearing up to deal with the possible outbreak of water-borne and air-borne diseases.

Commercial flight operations from the Naval airport at Kochi commenced today with the first Air India flight from Bengaluru arriving this morning. It is after 18 years that civilian flights are landing and taking off from the naval airport.

Also Read : Karnataka rains: CM Kumaraswamy demands Rs 1 bn relief fund for Kodagu

The Indian Railways said that two special trains will be run on Monday from Thiruvananthapuram and Ernakulam to Kolkata and that the train services are expected to be restored on all lines in Kerala by Monday evening. The Railways would also provide blankets and bedsheets to the affected people in Kerala.

In the worst ever torrential rains in Kerala in this monsoon season, over 350 lives have been lost and one million persons evacuated to 5,645 camps so far.

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Kerala still at receiving end of rain fury, people shifted to relief camps

Over 13,800 people have been provided shelter at 124 relief camps in the district. Low lying areas are inundated

Rains continued to wreak havoc in many parts of Kerala with northern hill district of Wayanad experiencing widespread landslides and flooding overnight, forcing thousands of people to take shelter at relief camps, officials said today.

Several people fled their homes yesterday due to landslides and land slips in the district part of Western Ghats. People living in the downstream have been shifted to relief camps.

Over 13,800 people have been provided shelter at 124 relief camps in the district. Low lying areas are inundated, officials said.

Kerala Rains
Shutters of Banasura Sagar Dam were raised further last night to release excess water.

Many parts of northern Kerala districts including Kannur, Kasargod, Kozhikode, Malappuram and Palakad also witnessed rains last night.

Two shutters of Cheruthoni Dam part of Idukki reservoir were closed last evening.

The water level in the dam is receding further, alleviating apprehensions of the affected people living downstream, particularly in Ernakulam district.

However, water level in Mullaperiyar Dam rose to 136 ft, prompting authorities to sound caution.

Article Source : BS