Mullai Periyar Issue:

Mullaperiyar Dam or Mullai Periyar Dam is a masonry gravity dam on the Periyar River in the Kerala state. It was constructed between 1887 and 1895 by the British Government to divert water eastwards to Madras Presidency area (the present-day Tamil Nadu) On 29 October 1886, a lease indenture for 999 years was made Safety concerns arised On the orders of the CWC, the Tamil Nadu government lowered the storage level from 142.2 feet to 136 feet, conducted safety repairs and strengthened the dam. the structure would not withstand an earthquake above magnitude 6 on the Richter scale For Tamil Nadu, the Mullaperiyar dam and the diverted Periyar waters act as a lifeline for Theni, Madurai, Sivaganga and Ramnad districts, providing water for irrigation and drinking, and also for generation of power in Lower Periyar Power Station. The Kerala Government states that it does not object to giving water to Tamil Nadu, their main cause of objection being the dam's safety as it is 116 years old. 136 feet as its maximum water level Kerala Govt is demanding for the construction of a new dam for its own benefits. Recently, Supreme Courts apex committee certified the dam as a safe one the crop losses to Tamil Nadu, because of the reduction in the height of the dam, between 1980 and 2005 is a whopping 40,000 crores.

Justice A.S. Anand Committee (The Empowered Committee)

Euro Crisis: European countries government failed to re-finance its debt Most affected countries- Greece, Ireland & Portugal
On 9 May 2010, Europe's Finance Ministers approved a rescue package worth750 billion aimed at ensuring financial stability across Europe by creating the European Financial Stability Facility (EFSF)

In October 2011 eurozone leaders agreed on another package of measures designed to prevent the collapse of member economies. This included an agreement with banks to accept a 50% write-off of Greek debt owed to privatecreditors, increasing the EFSF to about 1 trillion, and requiring European banks to achieve 9% capitalisation.

To restore confidence in Europe, EU leaders also suggested to create a common fiscal union across the eurozone with strict and enforceable rules embedded in the EU treaties. The European currency has never remained stable. Interest rates became higher Total nations-17 The trust on these economies dripped The countries having trade with these countries got affected Foreign Institutional Investors started disinvesting from India and that is also a major reason for rupee depreciation
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