Latest news with #SMuthusamy
Time of India
4 days ago
- Business
- Time of India
Tasmac's annual report not published for 8th year in a row
Chennai: Accounts and financial performance of Tamil Nadu State Marketing Corporation Ltd (Tasmac)will continue to be under wraps, as the state-owned liquor monopoly has not published its annual report for the eighth year now. The last annual report published on Tasmac's official website was its 34th report for the 2016-17 financial year. Under the Companies Act, every company should prepare an annual report, a comprehensive document that provides a detailed overview of its activities and financial performance for its stakeholders. Tasmac, being a state-owned company, is required to host its annual reports online and make them accessible to the public. For instance, the Tamil Nadu Power Distribution Corporation, another state-owned company, has published its annual report for 2023-24, but Tasmac remains an exception. It's annual report should contain details of the balance sheet, including assets, liabilities, equity, and income statements such as revenues, expenses, and profit and loss. An independent auditor's opinion on the accuracy and fairness of the financial statements is also part of the annual report. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Santo Antônio Do Descoberto: Quanto vale a sua casa? Descubra agora! Valor da casa | Anúncios de pesquisa Saiba Mais Undo When contacted, prohibition and excise minister S Muthusamy said annual reports of Tasmac were duly placed in assembly till financial year 2023-24 and added that annual report for 2024-25 was under preparation. However, he said he would check why they were not made public. Tasmac officials were not available for comment. One of the key accusations against the Tasmac by the ED was the former's lopsided procurement favouring a few distilleries and breweries. In the annual report for 2016-17, the independent auditor's report highlighted that the company (Tasmac) needed to periodically review and strengthen the policies relating to purchases, procurements, and price fixation. It also recommended measures such as raising bills on the sale of goods immediately upon sale, periodic identification of sediment stock in respect of inventory at retail vending shops, and integration of software under various platforms. Eight years later, there is no clarity on the steps initiated on the recommendations in the absence of Tasmac's annual reports in the public forum.
Time of India
26-05-2025
- Climate
- Time of India
Water levels in Siruvani, Pillur reservoirs rise following heavy rain
Water being released from the Pillur dam COIMBATORE: Southwest monsoon brought heavy rainfall to the Western Ghats, significantly increasing water levels in Siruvani and Pillur reservoirs, which serve as major drinking water sources for Coimbatore district. The water level in the Siruvani dam rose by 5.05 feet in a single day on Sunday, increasing from 21.55 feet to 26.60 feet. The Siruvani foothills recorded 128 mm of rainfall on the same day. On Monday, 60.04 MLD (million litres per day) was drawn from the reservoir to meet Coimbatore's drinking water needs. Meanwhile, water was released from the Pillur dam on Monday after a gap of several months, as the storage level approached full capacity. Officials said the sluice gates of the dam were opened early in the morning to release 12,000 cubic feet of water into the Bhavani river to maintain a reservoir level of 97 feet. An advisory was issued urging residents on the banks of the Bhavani river to move to safer areas and refrain from entering the water. After reviewing the impact of the rain in a few areas, minister for housing and urban development S Muthusamy told reporters that although very heavy rain lashed Valparai, no major damage was reported. Highways, PWD and forest departments are continuously monitoring the situation to prevent any landslides. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bolsas nos olhos? (Tente isso hoje à noite) Revista Saúde & Beleza Saiba Mais Undo Tourists were not allowed to enter Valparai. "Banana plants were damaged in the district due to the heavy rain. A total compensation of Rs 25.50 lakh has been proposed to the govt by the collector. As of now, only one relief camp is active out of 90 camps. Around 100 people are staying in that camp," he added. In Valparai, heavy rainfall persisted for the third consecutive day on Monday morning. Other parts of Coimbatore district received moderate to light rain in the 24 hours that ended at 7.30 am on Monday. The district received a total rainfall of 1232 mm and an average rainfall of 53.57 mm. According to the Indian Meteorological Department (IMD), Coimbatore district is expected to experience light to moderate rainfall till Sunday. According to data from the District Disaster Management Authority, Chinnakallar in Valparai received the highest rainfall at 213 mm, followed by Cincona (124 mm), Valparai PAP (114 mm), Valparai taluk (109 mm), Sholayar (99 mm), Makkinampatti in Pollachi (80 mm), Aliyar (60.20 mm), Madukkarai Taluk (43.20 mm), Pollachi taluk office (41 mm), Podanur railway station (39.20 mm), Anaimalai taluk (28 mm), Kinathukadavu taluk, PWD office, Varapatti and Pillur dam (each 22 mm), Mettupalayam (18 mm), and Coimbatore south taluk (16 mm).
Time of India
25-05-2025
- Climate
- Time of India
Houses damaged in five places, two injured in rain-related calamities in Coimbatore
Coimbatore: Noyyal river was in spate on Sunday following heavy rainfall in its catchment in the western ghats. Floodwater overflowed at Chithirai Chavadi check dam, the first check dam across the river. Residents from nearby areas gathered to witness the surge in water after a prolonged dry spell. After reviewing the impact of the rain at the collector's office, housing and urban development minister S Muthusamy told reporters that houses were damaged in five locations and two people were injured in rain-related calamities. "At least 90 relief camps have been kept ready to accommodate and provide food for the people affected by the rain. Rain in the catchment areas of the western ghats has also increased the inflow to Siruvani and Pillur dams. " In view of the rising water level in Bhavani river, the forest department suspended ecotourism activities at Baralikkadu and Poochimarathur from Sunday. "We have been offering one-day stays and coracle rides to tourists, who could also bathe in the river. These activities were suspended because of the heavy flow, and tourists were sent back," said a forest department officer. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo Trekking to the Vellingiri Hills has also been temporarily suspended following the heavy rain. Kovai Kutralam experienced a sharp rise in the water flow on the day. A temporary ban on visitors would remain in place until the water level subsides, according to another forest officer. The Valparai plateau received heavy rainfall, while other parts of Coimbatore district recorded moderate to light rain in the 24 hours that ended at 7.30am on Sunday. The district received a total rainfall of 835.40mm and an average rainfall of 36.32mm. According to the data available with the District Disaster Management Authority, Chinnakallar in Valparai received the highest rainfall at 137mm, followed by Cincona (95mm), Sholayar and Siruvani foothills (73mm each), Valparai PAP (54mm), Valparai taluk (51mm), Makkinampatti in Pollachi (42.40mm), Podanur railway station (33mm), Aliyar (30.40mm), PWD office at Varapatti (26mm), Pollachi taluk office (24mm), Madukkarai taluk and Sulur (22mm each), and Kinathukadavu taluk (21mm). MSID:: 121393703 413 |
New Indian Express
18-05-2025
- Politics
- New Indian Express
ED is harassing state government employees: Tamil Nadu minister Muthusamy
CHENNAI: Prohibition and Excise Minister S Muthusamy on Saturday strongly criticised the Enforcement Directorate (ED), accusing it of harassing government employees by carrying out politically motivated raids. In a statement, he said, 'Last month, ED officials conducted searches at Tasmac headquarters, claiming that it was based on an FIR filed during the previous AIADMK government. However, they did not find any solid evidence. Despite this, they alleged a scam of Rs 1,000 crore.' The agency is continuing to trouble government employees without proof, Muthusamy added. 'Even after not finding anything, the ED continued raids on the house of Tasmac managing director and a few other places. Again, nothing was seized. However, they continue to harass the employees,' Muthusamy alleged. The agency is ignoring the Supreme Court's guidelines which is highly condemnable, Muthusamy said. Legal action will be taken against the ED's activities and the state government would always stand by its employees, he added.
NDTV
17-05-2025
- Politics
- NDTV
Tamil Nadu Backs State Officials Amid Probe Agency's Raids In Liquor Scam Case
Chennai: Tamil Nadu Excise Minister S Muthusamy on Saturday alleged the Enforcement Directorate harassed state government officials in the probe over its allegation of a scam in state-run TASMAC and violated procedures mandated by the Supreme Court. The minister accused the central agency of "political vendetta" and strongly condemned it and assured all legal measures against it. Also, Muthusamy said the government would firmly back the state officials at all times. In a statement, Muthusamy, who holds the portfolios of Housing, Prohibition and Excise said ED's searches in the headquarters of government-run liquor chain TASMAC (Tamil Nadu State Marketing Corporation) had ulterior political motives. It was an attempt to portray as if irregularities happened in the TASMAC during the DMK regime. However, the ED's action was based on cases registered during the AIADMK regime by the Directorate of Vigilance and Anti-corruption. During the searches, no proof was found to substantiate alleged irregularities in the functioning of TASMAC. When this was the case, ED released a press note based on "imagination," claiming Rs 1,000 crore scam in TASMAC. "In order to justify this wrong statement, the ED is continuously causing agony for the officials. In continuation of this, yesterday (May 16, 2025) ED held searches in the houses of TASMAC Managing Director (S Visakan) and others. In these searches too, no evidence was found, and the ED continues to cause distress for state government officials." The TASMAC headquarters here was searched in March this year and on May 16, several other locations were searched. The Minister also alleged that the ED was coercing officials. However, he did not elaborate. Further, he said: "I convey my strong condemnation on Tamil Nadu government's behalf for the political vendetta based action of the ED by violating guidelines laid down by the Supreme Court in several enforcement directorate cases." The minister assured that the state government would always stand behind the officials by taking all legal steps against such 'vendetta' action of the ED.
