Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Sep 06, 2018

Kerala Floods: Centre To Provide More Aid As Per Mechanism, Jaitley Says

Kerala Floods: Centre To Provide More Aid As Per Mechanism, Jaitley Says
Trees and houses are partially submerged in floodwaters in this aerial photograph taken in Kainakary village in the district of Alappuzha, Kerala, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

Finance Minister Arun Jaitley has said the Rs 600-crore aid extended to Kerala for flood relief was interim in nature and that more funds would be released after assessment of the damage by central teams.

Refusing to respond to certain issues flagged by Kerala ministers, he said yesterday that Rs 500 crore has been provided by the Home Ministry, while Rs 100 crore has been allocated from the Prime Minister's fund.

He said the aid is interim and more funds would be provided for rehabilitation.

Jaitley asserted that the Centre is working as per the framework provided by the 14th Finance Commission in dealing with natural calamities.

He said insurance companies have been directed to settle claims and banks asked to give loans so that people can rebuild lives.

Kerala had asked for a special package and stated that loss and damage could be much more than its plan outlay of Rs 37,272.90 crore for 2018-19.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search