Tamil Nadu rains: State suffers losses worth Rs 15,000 cr

1. Tamil Nadu rains: State suffers losses worth Rs 15,000 cr The financial loss due to rainfall in Chennai and several parts of Tamil Nadu may have exceeded Rs 15,000 crore as the capital Chennai has come to a virtual standstill, industry body Associated Chambers of Commerce and Industry of India said today. “Unprecedented torrential downpour in Chennai floodsand other parts of Tamil Nadu has led to total chaos thereby creating an atmosphere of uncertainty and panic not only for the trade, industry and other commercial activities but especially amid common individuals who are bearing heavy financial loss to their properties,” said D S Rawat, secretary general of ASSOCHAM.Small and medium enterprises, automobile and engineering industries, information technology (IT), ITeS, textile, tourism and a host of other sectors have been worst affected by the massive rainfall. “Urbanisation and unplanned growth are the main contributing factors for floods in Chennai, which is also a lesson for both upcoming and existing metros like Delhi, Bengaluru, Mumbai and others as any negligence or ill-preparedness might invite trouble in a similar manner or may be even worse than this,” said Rawat. He called authorities in all metros to review their disaster management plans at regular intervals and make long-term plans to improve drainage systems. "Even households and

2. communities need to be prepared for such extreme events that are generally predicted about, SMS alerts and advance warnings should be sent to residents, local authorities need to be well-organised to deal with such emergencies,” he added. Chennai floods 2015ASSOCHAM has urged the central government to immediately announce a suitable relief and rehabilitation package and come to the rescue of the state inhabitants and the industry in Tamil Nadu in this hour of extreme crisis.