
CISF deployment row: Punjab to take legal opinion on BBMB paying Rs 8 crore to Centre
'We will take a legal opinion on what the government can do next after the BBMB pays Rs 8.58 crore to the Centre for deployment. It is, however, clear that the dams will be manned by the Punjab Police only. We will tell you about the next steps we are taking on the issue in the coming days,' Finance Minister Harpal Cheema told the media after the Cabinet meeting led by Chief Minister Bhagwant Mann.
In May, the Centre had sanctioned a contingent of 296 armed CISF personnel to provide a counter-terrorist security cover to the Nangal dam in Punjab amid the standoff between Punjab and Haryana over the sharing of water from the dam. However, the Punjab Government withdrew the consent for deploying Central forces at the dams on July 7 and later passed a resolution in the Assembly in this regard.
The Cabinet on Wednesday reiterated that the Punjab Police were capable of protecting all the dams under BBMB — Pong, Bhakra, and Nanagal — and hence it would not bear any expenses incurred on the deployment of CISF.
This amount is to be paid for the deployment of 296 security personnel for the security of the dam.
'We have already made it clear that our police is capable of handling the dams. We will not allow the central forces to be deployed. The 3 crore people of the state, through the Vidhan Sabha, have already passed a resolution and sent it to the Centre rejecting the deployment of CISF,' said Cheema.
However, even after the resolution, BBMB has paid an amount of Rs 8.58 crore to the Centre.
The Centre had announced to deploy CISF after BBMB Chairman Manoj Tripathi was held captive at the Bhakra dam two months ago, when the Punjab government had refused to release extra water to Haryana. At that time, the residents of the area, Minister Harjot Bains, locked up Tripathi in the rest house of BBMB.
The Cabinet mentioned that a bill of Rs 113 crore has been sent to Haryana for the expenses related to the Bhakra Main Line (BML), which was due by that state for the past eight years.
Cheema said that the previous governments in Punjab ignored the fact that Haryana was not paying the cost of the line in Bhakra, although 63 per cent of the water from BML was utilised by the state, while Punjab was spending on it from its Exchequer.
In another Cabinet decision, the state government has reorganised many blocks of Punjab. Cheema said that many blocks were in some other district while their sub-division was elsewhere. 'For instance, several villages in my constituency, Dirba, were near Dirba, but their headquarters were in Sunam. This was creating administrative problems,' he explained. He said that no new block has been added in the reorganisation of blocks, and the number of blocks will remain the same at 154.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


NDTV
26 minutes ago
- NDTV
India Plans Biggest Hydro Project In J&K, Months After Indus Treaty Suspension
Srinagar: India is all set to build its biggest hydroelectric power project on the Chenab River in Jammu and Kashmir, weeks after suspending the Indus Water Treaty. It's a massive 1856-Megawatt hydroelectric project that will be constructed without seeking a no objection from Pakistan, otherwise mandated under the treaty. The National Hydroelectric Power Corporation (NHPC) has started the tendering process for the Sawalkote Hydroelectric Project. On Wednesday, NHPC formally invited bids on an International Competitive Bidding (ICB) basis for the project. The last date for submitting bids is September 10. The project is a joint venture of NHPC and J&K's Power Development Corporation. The project conceived in the 1980s was in limbo for the last 40 years. Besides procedural delays, Pakistan objected to the construction of the project, citing concerns about the impact of the dam on the flow of the Chenab River. The mega project will be built in two phases and is estimated to come up at a cost of Rs 22,704 crore. After the Pahalgam terrorist attack on April 22, India declared it would hold the Indus Water Treaty in abeyance till the time Pakistan irrevocably abjures terrorism. Under the treaty brokered by the World Bank in 1960, India has absolute rights over the water of the Beas, Satlej and Ravi rivers. Pakistan has rights over the water of the Indus, Jhelum, and Chenab rivers. Besides a limited usage of water for irrigation, India, however, can build run-of-the-river projects on these rivers. But it's subject to clearance from the Indus Water Commission over the design and height of projects. As part of the project, around a dozen villages will be affected, and the relocation of hundreds of families is part of the project. Officials say that while J&K State Power Development Corporation had started work on the project and spent over Rs 400 crore, the work was stalled a decade ago. In 2021, during the central rule, NHPC was roped in. An MOU was signed, making NHPC a majority stakeholder. According to the MOU, it will be a BOOT model ( build, own, operate and transfer) and J&K will fully get back the project after 40 years. Ahead of tendering, the government has removed several bottlenecks in the way of international bidding and the construction of this project of strategic importance. Recently, the Forest Advisory Committee of the Ministry of Environment granted approval for the transfer of about 3000 acres of reserved forest and jungle Jhari land for the construction of the project, officials said.

Economic Times
42 minutes ago
- Economic Times
Investors lose over Rs 5 lakh crore as Sensex sinks 600 pts; 4 key factors behind today's slump
Indian benchmark indices opened sharply lower on Thursday after U.S. President Donald Trump threatened to impose a 25% tariff on goods imported from India starting August 1, along with an unspecified penalty. ADVERTISEMENT As of 9:20 am, the BSE Sensex had dropped 604 points, or 0.74%, to 81,668, while the Nifty50 was down 183 points, or 0.73%, at 24,668. The total market capitalisation of BSE-listed companies declined by Rs 5.5 lakh crore to Rs 453.35 lakh crore. On the sectoral front, Nifty Auto slipped 1%, while banking, metal, pharma, and realty indices were also trading in the red. 1) Trump threatens 25% tariff, penalty ADVERTISEMENT The proposed 25% tariff would disproportionately impact India compared to other major trading partners and could derail months of diplomatic and trade negotiations between the two believe sectors such as textiles, pharmaceuticals, and auto components—key Indian exports to the U.S.—are likely to be hit the hardest if the tariffs are implemented. ADVERTISEMENT In addition to the proposed tariffs, Trump said the U.S. would impose further penalties on India, citing trade imbalances and India's alignment with the BRICS bloc, which he described as unfriendly toward American interests."The 25 % tariff on India plus an unspecified penalty for energy and defence-related purchases from Russia is very bad news for Indian exports and thereby on the growth prospects of the Indian economy in the short run. Since trade negotiations with India are continuing, perhaps, the 25 % tariff may come down eventually. But certainly, there is a short-term hit to Indian exports and GDP growth. This short-term hit will reflect in the stock market, too, in the short-term," said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments. ADVERTISEMENT 2) Fed dampens rate cut hopes Investor sentiment was also weighed down by the U.S. Federal Reserve's decision to keep interest rates unchanged for the fifth straight meeting. While the move was expected, Fed Chair Jerome Powell's remarks signaled uncertainty over a rate cut in September, stating it was too soon to make that Fed's stance, while modestly restrictive, is seen as not yet slowing the economy, further delaying hopes of policy easing. ADVERTISEMENT 3) Rise in Crude Oil Prices Oil prices steadied on Thursday as investors weighed the risk of supply disruptions amid U.S. President Donald Trump's tariff threats linked to the Ukraine conflict. However, a surprise build in U.S. crude inventories capped crude hovered near $73 a barrel, while WTI traded just below $70. Both benchmarks had risen 1% in the previous session, but ongoing geopolitical tensions and mixed inventory data kept traders cautious. 4) Continued FII selling adds pressure Foreign institutional investors (FIIs) have been persistent net sellers, pulling out nearly Rs 25,000 crore from Indian equities over the past eight trading sessions. Analysts say US President Donald Trump's proposed 25% tariff on Indian imports may further dampen FII sentiment. According to Nuvama, sectors such as pharmaceuticals, auto ancillaries, select industrials, cables and wires, and tiles—where the U.S. sets the marginal price—could be the most affected. (You can now subscribe to our ETMarkets WhatsApp channel)


Time of India
an hour ago
- Time of India
Markets will hope for a 'TACO' trade if better senses prevail: Nilesh Shah of Kotak Mutual Fund
Live Events Markets will hope for a 'TACO' trade if better sense prevails, said Nilesh Shah , Managing Director at Kotak Mahindra AMC, after U.S. President Donald Trump announced new tariffs on Indian exports.'China is defying U.S./UN sanctions on Iran oil, Myanmar and Russia trade, and North Korea support. The size and competitiveness of an economy have their advantages,' Shah added that the unilateral imposition of tariffs should ideally push Indian policymakers toward more growth-supportive reforms. India's best deterrent remains the size and competitiveness of its GDP, he President Donald Trump announced a 25% tariff on Indian exports starting from August 1. Trump further hinted at unspecified penalties linked to India's continued energy and military purchases from Russia. This follows the earlier 26% reciprocal tariff imposed on India on April expert says it is difficult to see how we reached a situation where we have 25% tariff + penalty and he had noted that Trump may be a messiah for Indian trade and investments and it seemed like a great opportunity to win in global markets.'A 25% rate leaves us higher than Vietnam, Indonesia, and other competitor economies from Asia/EU. India had a potential chance to get a 10% rate from the US.. imagine the positive impact of that to the Indian economy and trade and investments,' said Arvind Chari, Chief Investment Strategist, Q India UK, affiliate of Quantum Advisors should be deeply disappointing for the government and the foreign policy to have ended in this situation and with Trump there are always way outs and hope India can find one to get a better deal, Chari further expert believes that the current tariff announcement is much beyond trade and has far bigger geopolitical implications on the ongoing bilateral relations between India and US since Operation Sindoor and roots of this aggression lie in - four factors include, firstly Indian denial of US role in ceasefire with Pakistan. Secondly, sustained buying of Russian crude, followed by continuous status of Russia as a key defence supplier and lastly growing strategic overtures of BRICS and attempts at forging a RIC (Russia, India, China ) block which might disturb US geopolitical interests in SE Read | 13 equity mutual funds with over Rs 1,000 NAV offer up to 24% CAGR since their inception 'We don't rule out some counter measures by India on US exports and the path to a trade deal is not easy given sticky issues like agriculture, dairy and defence. We expect an increase in uncertainty and market volatility in the near term. We believe companies which have higher US exports might see increased volatility,' said Amnish Aggarwal, Director - Research, Institutional Research, PL Capital.'Although the current earnings season has not shown any meaningful recovery in domestic demand, hopes of festival season demand revival will increase interest in domestic stories for the time being. Domestic consumption, hospitals, select consumer, Infra, capital Goods, AMC and private banks will act as a defensive hedge during these volatile times,' Aggarwal adds.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)