Chief Minister Bhagwant Mann said the state had suffered a loss of over Rs 1,000 crore due to floods. He said a survey to assess the losses was still going on and the victims would be compensated adequately.

The Chief Minister, who was here to hold a meeting of officials of the Bhakra Beas Management Board and the district administration to have the first-hand information regarding preparedness to tackle any emergency of similar nature, said there was no need to panic now because there was no forecast of rain for five days neither in Punjab, nor in the catchment area of the Bhakra dam reservoir.