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Army, Navy rescue marooned people in Karnataka’s flood-hit district

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Bengaluru, Aug 17 (IANS) Indian Army troops and Navy divers joined the national and state disaster relief forces to rescue hundreds of people marooned in Karnataka’s flood-hit Kodagu district, said an official statement on Friday.

“About 60 Dogra Regiment soldiers and 12 expert naval divers rescued 873 marooned people in the flood-hit district, where overnight heavy rains caused landslides and inundated low-lying areas at Makkanduru,” said the statement from the Chief Minister’s office here.

Kodagu, about 250 km from Bengaluru, is one of the districts in the southern state worst hit by the south-west monsoon rains since June first week.

The Army’s engineering task force deployed 73 boats, equipment and rafts in rescuing the people and escorting them to safer places in the district.

About 60 members of the national and state disaster relief forces and 45 members of the civil defence joined the rescue and relief operations with boats and equipment in Madikeri in the hilly district.

“Though the Indian Air Force (IAF) aborted rescue mission due to inclement weather, it will fly M17 chopper from Mysuru on Saturday to rescue the remaining stranded and transport relief supplies,” noted the statement.

About 200 personnel of the state fire service had rescued people in flood-hit towns and villages across the district with their boats and equipment.

“Telecom services, disrupted due to rains and strong winds uprooting poles and snapping phone lines, are being restored on priority. HAM operators have been deployed as back-up. Power lines are also being restored,” said the statement.

The district administration has housed 573 persons in 17 relief camps.

Intra and inter-state bus and train services between Karnataka and flood-hit Kerala were suspended due to landslides and rain water submerging the highways and roads in the ghat section.

State-run and private bus services from Mysuru and Chamarajanagar to Ooty and Coonoor hill stations in Tamil Nadu were suspended due to flooding and fallen trees blocking the routes in the ghat section.

According to the weather office, rain fury continued in the state’s coastal districts of Dakshina Kannada, Udupi and Uttara Kannada, disrupting normal life, including vehicular movement of goods and people.

Incessant rains lashed the Malnad region, flooding several areas in Shivamogga, Hassan and Chikkamagaluru districts.

Schools and colleges will remain shut even on Saturday in the affected districts due to flooding and disruption of bus services.

The state’s metrological department has warned of moderate to heavy rain in coastal, south interior and north interior areas of the state till Sunday.

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INR vs USD Rupee slips 111 paise against US dollar

On the currency front, the Indian rupee weakened to 72.24 against the US dollar from its previous close of 71.34.

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Mumbai, Dec 11 : The key equity indices — S&P BSE Sensex and NSE Nifty50 — remained subdued during Tuesday’s morning trade session as the Congress party started to take the lead in the Assembly elections in three key states of Rajasthan, Madhya Pradesh and Chhattisgarh.

The key indices — the S&P BSE Sensex and NSE Nifty50 – had a gap-down opening and
subsequently shed over 500 points and 140 points respectively as investors were spooked on the surprise resignation of RBI Governor Urjit Patel on Monday evening.

According to market observers, heavy selling pressure in banking, oil and gas and automobile stocks.

On the currency front, the Indian rupee weakened to 72.24 against the US dollar from its previous close of 71.34.

At 10.30 a.m., the Sensex traded at 34,666.06 points, lower by 293.66 points or 0.84 per cent from the previous close.

The Nifty50 on the National Stock Exchange traded at 10,414.20 points, lower by 74.25 points or 0.71 per cent from the previous close.

“Indian markets opened lower in line with expectations following RBI governor’s abrupt exit on Monday evening,” HDFC Securities’ Retail Research Head Deepak Jasani told IANS.

“A recovery in the first few minutes of trade was based on initial trends from MP where BJP was faring better than Congress. However this proved to be short-lived as the lead of BJP narrowed soon,” he said.

He further noted: “Markets would swing till around noon based on leads positions in MP, as the other four states are showing clear winners.”

On Monday – the previous trade session – a global sell-off along with a rise in crude oil prices suppressed the key Indian equity indices deep into the red.

Consequently, the NSE Nifty50 had ended lower by 205.25 points or 1.92 per cent to 10,488.45 points, whereas the Sensex closed at 34,959.72 points — lower by 713.53 points or two per cent — from its previous session’s close of 35,673.25 points.

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Sensex at 34,458.86, down by over 500 points

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SENSEX NIFTY MARKET

Mumbai, Dec 11 : The key stock exchanges had a gap-down opening on Tuesday, with the S&P BSE Sensex losing over 450 points as investors were spooked on the surprise resignation of RBI Governor Urjit Patel on Monday.

Further, early trends of the Assembly election results in five states which showed a neck and neck fight between the Bharatiya Janata Party (BJP) and Congress in at least three also weighed on the sentiments.

At 9.16 a.m., the Sensex traded at 34,502.62 points, lower by 457.10 points or 1.31 per cent from the previous close.

It had opened at 34,584.13 against the previous close of 34,959.72 points on Monday.

The Nifty50 on the National Stock Exchange traded at 10,346.90 points, lower by 141.55 points or 1.35 per cent from the previous close.

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CFO arrest row: China denies Huawei poses security threat after EU warning

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Beijing, Dec 10: China on Monday strongly defended Huawei after a warning from the EU that the tech giant posed a security risk, amid an ongoing row over the arrest of its Chief Financial Officer (CFO) in Canada at the behest of the US.

In response to accusations by European Commission Vice President Digital Single Market Andrus Ansip, Chinese Foreign Ministry spokesperson Lu Kang said the government had never forced Huawei to install a covert access route on mobile phone units to control them.

“I want to emphasize that Chinese laws and regulations don’t allow any institution to force any enterprise to install a ‘backdoor’. The Chinese government always encourages its companies to abide by local laws and regulations,” Lu was quoted as saying by Efe news.

He reiterated Beijing’s demand of an immediate release of Huawei’s CFO Meng Wanzhou who was arrested in Vancouver on December 1 after the US accused the tech giant of selling equipment in Iran in violation of American sanctions.

Meng, who is also the daughter of the group’s founder and CEO, had a bail request rejected on Friday by a Canadian court.

EU’s Ansip said on Friday that the bloc should be “worried” about Huawei and other Chinese companies over the security risks they pose.

Ansip claimed that China was developing mandatory “backdoors” — malicious software that allows any phone unit to be accessed and controlled without the user’s knowledge.

In response, Lu said it was “ridiculous” to undermine the company based on “speculations”.

“We have noticed some people from certain countries keep saying that Huawei may threaten their national security. But they did not provide a single evidence,” the spokesperson said.

He stressed that the company had “won the trust of its partners” and signed agreements to build 5G networks with more than 20 countries, including Portugal, France and Germany.

The spokesperson also commented on Japan withdrawing Huawei and Chinese telecom giant ZTE from the government procurement list, due to alleged security breaches by the two firms.

“The Japanese Chief Cabinet Secretary (Yoshihide Suga) said the relevant regulations don’t aim to exclude the relevant enterprises or equipment. I want to stress that Chinese enterprises and cooperation in Japan is for mutual benefit,” Lu said.

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