Jet- Etihad deal:

On April 24, Abu Dhabi-based Etihad Airways had announced its decision to
purchase 24 per cent stake in Naresh Goyal-led Jet Airways for Rs 2,058 crore. This
deal demands to increase seats for airlines of both countries from 13,300 to 25,000.
However this is the same Etihad management which rejected an earlier offer of Rs
1,780 crore, saying the price was too high for a loss making company with a
negative net worth. This is the reason all doubted this partnership and demanding
the re-examination of the deal. Senior BJP leader Jaswant Singh, CPI-M leader
Gurudas Dasgupta, Trinamool Congress, Dinesh Trivedi and Janata Party chief
Subramanian Swamy, each, have shot off separate letters to Prime Minister
Manmohan Singh, questioning the nature of the deal. In answers to the question
PMO has come up with a statement, stating that there are some differences within
the government.
How will it affect the India?
1. It would be a major deal in India after introduction of FDI. Employment would
increase.
2. Currently Air India is connecting the large part of India and Gulf reason. With
this deal AI, might lose their share in the Gulf market. It will affect the Indian
economy. As the revenue will go to the Gulf region.
3. Jet is in a big debt, and for them it is the only option to come back in the
market. If this deal is not done, it might even bankrupt like Kingfisher.

Uttarakhand

There was a heavy rainfall in the Uttarakhand and adjoining area from June 14 to
17, which was about 275 percent more than the benchmark rainfall during a normal
mansoon. This heavy rainfall caused the Chorabari Glacier ( at height of 3800 mts),
and eruption of the Mandakini River which led to heavy floods near Kedar Dome,
Rudraprayag district, Uttarakhand, Himachal Pradesh and Western Nepal, and acute
rainfall in other nearby regions of Delhi, Haryana, Uttar Pradesh and some parts of
Tibet.
Upper parts of Himachal Pradesh and Uttarakhand remained inaccessible due to
their locality. These are full of forest and situated around snow covered mountains.
Heavy rainfall for four consecutive days as well as melting snow resulted in to the

floods. No beforehand warning was given to the people by India Meteorological

Department leading to loss of thousands of people.
Damaged caused:
As of 29 June 2013, the official death toll in Uttarakhand, based on the collected
bodies of the victims, had crossed 850.
As of June 21 2013, 40 victims were recovered from the Haridwar by Rescuers at the
Hindu pilgrimage town of Haridwar on the river Ganga.
Aftermaths:
1. Prime Minister of India announced 1,000 crore aid package for disaster relief
efforts in the state after undertaking an aerial survey of the affected areas.
2. Several state governments also announced financial assistance, with Uttar
Pradesh Government pledging 25 crore, the governments of Haryana,
Maharashtra and Delhi 10 crore, the governments of Tamil Nadu, Odisha,
Gujarat, Madhya Pradesh and Chhattisgarh 5 crore each.
3. US Ambassador to India extended a financial help of USD $150,000 through
the United States Agency for International Development (USAID) to the NGOs
working in the area. And announced the further financial aid of USD $75,000.
4. The Government of India cancelled 9 batches, or half the annual batches of
the Kailash-Mansarovar Yatra, a Hindu pilgrimage.
5. According to the Uttarakhand Government, the Chardham Yatra pilgrimage,
covering Gangotri, Yamunotri, Kedarnath and Badrinath was cancelled for 2
years to repair damaged roads and infrastructure.
6. Planning for mass cremation of the hundred of victims by the Government
agencies and priests of Kedarnath temple.