THIRUVANANTHAPURAM l wednesDAY l december 14, 2016 l `6.00 l PAGES 20 l late city EDITION 16 dead as vardah leaves a trail of destruction A day after the cyclone made landfall in TN and AP, normalcy returns to coastal areas in bits and pieces Restoration on war footing Lampposts, Electric poles down As many as 17,400 workers are engaged in removing fallen trees and repairing electric poles in Tamil Nadu, About 50 excavators and 60 lorries have also been taken on rent from other districts to clear up the debris from the State capital ■ Apart from the numerous trees and branches blocking roads, at least 4,000 street lamps were struck down by the wind ■ With about 10,000 electrical poles and 450 transformers damaged, 4,000 TANGEDO personnel were deployed to ensure quick restoration of power supply 12,000 Trees uprooted in Tamil Nadu due to heavy wind CHENNAI ■ MADURAI ■ VIJAYAWADA ■ BeNGALuRu ■ KOCHI ■ HYDERABAD ■ VISAKHAPATNAM ■ COIMBATORE ■ KOZHIKODE ■ THIRUVANANTHAPURAM ■ BELagavi ■ BHUBANESWAR ■ SHIvaMOGgA ■ TIRUCHY ■ Tirupati de-mon kills demand; inflation nosedives Money flow continues Express News Service The much-hyped about demonetisation of `500 and `1,000 notes has, indeed, forced people to tighten their purse strings. This reflected in the consumer inflation numbers for November, released on Tuesday According to the data, . retail inflation rose by an annual 3.63 per cent - slowest since November 2014. An analysis of data released by the Ministry of Statistics and Program Implementation shows that demonetisation led to a drop in consumer demand as people had lesser cash to spend. This, in turn, caused a sharp drop in prices, especially of food items. Vegetable prices deflated further from (-) 5.74 per cent in October to (-) 10.29 in November. Inflation in prices of eggs, meat and fish also grew lesser compared to the previous month. However, inflation in prices of cereals and fruits inched higher. The demand destruction unleashed by the note ban doesn’t end there. Data published by the RBI shows that bank credit - that is loans given to consumers and industries - shrunk by RBI figures indicate the govt may not get a windfall profit from demonetisation C12 trillion Back in the banks Banks have collected banned notes worth C12.44 trillion till Dec 13, RBI deputy governor R Gandhi said. The central bank has also issued a notice to banks for data checking to avoid laundering C4.6 trillion Issued to public Banks have issued C4.61 trillion to public since November 9 through ATMs and banks. RBI has issued 21.8 billion pieces of banknotes of various denominations since demonetisation Retail Inflation (%) 8.60 @ New Delhi (Jan 2014 - Nov 2016) 7.39 6.07 5.69 5.40 3.63 2014 Jan 2014 Jul 2015 Jun A central bank official is one of nine men arrested in Bengaluru by the CBI, for allegedly exchanging C1.50 crore of banned currency notes. A local politician was also nabbed. The CBI has so far registered 10 cases in Karnataka, Hyderabad, Rajasthan and Kolkata over illegal currency conversion worth C19 crore. It has also made 16 arrests so far a whopping `61,000 crore between November 8 and 25. This has been attributed to lesser demand in the market due to uncertainty and to the fact that the banks shut other operations barring deposit and exchange of old notes during that period. Yet another indicator of drop in demand is the pricing strategy being followed by automobile majors. Five of the top manufacturers - Tata Motors, Toyota Kirloskar, Renault, Nissan and Hyundai - have decided to hike car prices substantially from January. This could either be a strategy to fuel demand in December or an attempt to preserve profit margins amid falling sales or even both, say experts. Since the wind speed will be in the range of 45-55 kmph, a warning has been issued to fishermen 13,000 in relief centres The impact of Cyclone Vardah, which ravaged Chennai on Monday, felt in Kerala too as several parts of the state received copious amount of rain on Tuesday The effect was more visible in . Ernakulam and districts in Northern Kerala. However, rainfall was minimal in Thiruvananthapuram and other Southern districts. The Met Department officials said Kerala would receive heavy rainfall till Thursday morning. S Sudevan, director, Meteorological Centre, Thiruvananthapuram, said the low pressure area of cyclone was now centered around south interior Karnataka - an area east of Kannur. What it means This will cause heavy rainfall till Thursday morning especially in north Kerala. A heavy rainfall warning has already been issued — Sudevan TN CM O Panneerselvam said 13,000 people are now being sheltered in over 100 centres Rain pounds Karnataka Heavy rainfall was reported in Bengaluru and other parts of south interior Karnataka, owing to the effects of Vardah. Bengaluru city regions received 54.28 mm rainfall from Monday till early Tuesday afternoon as per Karnataka State Natural Disaster Monitoring Cell. breaking barriers Rasiya teaches the language of unity S h a f e e q A l i n g a l @ Kozhikode Rasiya Mohammedkutty teaching Sanskrit at Mother’s Institute at Edappal, Malappuram | Express Dying language? Think twice Rasiya also opposed the notion that Sanskrit is a language nearing extinction. “The number of students here is showing an upward trend,” she said. “In 2014, I had 40 students and the number stood at 50 in 2015. In 2016, the number has gone up to 96. It’s not a dying language. It’s the parent of several languages that are being spoken all over the world,” she said. 2016 Nov CBI crackdown on currency conversion Warning for fishermen E x p r e s s n e w s s e r v i c e @ T’Puram 2016 Jul RBI official among 9 nabbed for laundering The Vardah impact: Kerala gets heavy rainfall Girls brave rain in Kochi on Tuesday | Melton Antony 2016 Jan Behind Rasiya Mohammedkutty’s highly conservative, purdahclad appearance exists a mouldbreaker. She takes Sanskrit classes for 96 students at Mother’s Institute at Edappal in Malappuram. Rasiya’s thought is simple knowledge is for all. “There shouldn’t be any kind of reservation or discrimination when it comes to acquiring knowledge,” said Rasiya. She was drawn to the language in 2012 after a failed attempt to learn French. A group of Viswa Sanskrit Prathishthan volunteers approached her with leaflets featuring a Sanskrit course and her enquiry about the possibility for a Muslim woman to learn Sanskrit met with nods of approval and appreciation. Rasiya wasted little time in enrolling for the two-year course at Kodungalloor. The teachers at the Viswa Sanskrit Prathishthan too were supportive as Rasiya completed Pravesha, Parichaya, Shiksha and Kovida levels. “It was not easy to study a language with complex grammatical patterns,” said Rasiya, a Chemistry graduate from CMS College, Kottayam. Her institute now offers Praveshika, the preliminary Sanskrit course. Rasiya, who so far has taught 180 students, has also set up a library to deepen her knowledge in Sanskrit literature. Rasiya’s students too follow her philosophy. “Our aim is not only to get jobs but to know a language is a privilege and an added merit,” said Vineetha K S, a student. In fact, Muslim students constitute nearly half of Rasiya’s current batch, including Muslim scholar Rasheed Baqawi. Was there any resistance from their families? “We did not face any resistance from our families. They extended all possible support to us when we wanted to learn Sanskrit,” said Nafeesa M V . While slower inflation is usually good news for consumers, this time it’s not the same as it’s the result of weakening demand fuelled by currency crunch. If the transition to a cashless economy does not happen within the governmentplanned timeframe, demand could remain low, prolonging the distress caused to farmers and traders. Weakening demand, based on all these indicators, could also have an adverse impact on the overall growth. While the central bank has already lowered the GDP forecast to 7.1 per cent, the Asian Development Bank on Tuesday cut India’s growth estimate to 7 per cent. The gover nment, meanwhile, continued to announce measures to tackle demonetisation and its aftereffects. The RBI has asked all bank branches to preserve CCTV recordings since the day of demonetisation and keep a record of new bank notes to check laundering and hoarding of cash. Finance Minister Arun Jaitley also indicated, yet again, that direct and indirect taxes could be lowered in future as a result of demonetisation. car prices set to soar: p13 Express Read Customers wrangle with bank officials Kannur: Tension prevailed outside a bank at Kelakom in the district for around two hours as some customers tried to enter the bank and wrangled with the officials on Tuesday. The banks opened after the three-day holiday. P6 NIA court convicts five IM operatives Hyderabad: In the first ever conviction of Indian Mujahideen cadre in a terror case, a special NIA court in Hyderabad convicted Mohammed Ahmed Siddibappa alias Yasin Bhatkal and four others for being involved in the 2013 twin blasts at Dilsukhnagar, which claimed 18 lives. The alleged key conspirator Riyaz Bhatkal, believed to be operating from Karachi, is still at large. P6 20 pages, including 4 pages of THIRUVANANTHAPURAM Express
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