CARACAS, Nov 28: Venezuela’s government said at least 13 prisoners died of drug overdoses after inmates stormed a prison infirmary during protests demanding better living conditions, though activists have questioned the official version and said the death toll could be far higher.
The disturbances at the David Viloria penitentiary began Monday when a group of inmates went on a hunger strike seeking to force out the jail’s new warden, the Prisons Ministry said.
National Guardsmen were called in to restore calm and dozens of prisoners were transferred. The government said 145 inmates were being treated for intoxication.
The situation remained tense yesterday, and prisoner rights activists expressed doubt about the government’s version, calling for an investigation to determine why inmates would have voluntarily taken highly toxic medicines.
“I don’t think anyone is so stupid to ingest drugs just as a form of protest,” Humberto Prado, coordinator of the Venezuelan Observatory of Prisons, told The Associated Press.
Prado said the death toll might be as high as 25, according to reports from inmates’ relatives and activists on the ground at hospitals and the morgue in the western city of Barquisimeto, where the prison is.
The government said the situation was under control and all prisoners’ rights were being respected.
Venezuela’s prison population has doubled since 2008 as a result of rampant crime and stiffer mandatory sentences. Overall, the country’s 32 correction facilities are the fifth most-crowded in the world, housing almost three times their intended capacity, according to the London-based International Centre for Prison Studies.
The David Viloria prison is named for a guard who was one of 58 people killed at the facility last year during the second-deadliest prison riot in Venezuela’s history. Prado said the facility, previously called La Uribana, was built to hold no more than 850 inmates but was believed to be holding around 3,700 before the latest disturbances.
Prado’s group said that so far this year 150 inmates have died and 110 more injured in the country’s lockups.
“Prison life is real tough in the world, but unfortunately in Venezuela it can be a death sentence,” he said. (AGENCIES)
Venezuela says 13 dead in prison disturbance
Visa liberalization
Modi Government has taken a bold step towards liberalizing the visa regime for more foreign friendly countries. Germany, the US and the Israel are now among 43 countries of the world whose citizens can get the visa on line within 94 hours of applying for the same. Commenting on new visa regime Indian Association of Tour Operators President said that this would be a major step in promoting trade, commerce and tourism in the country. Software for the system has become operational at the international airports of Delhi, Mumbai, Chennai, Kolkata, Hyderabad, Bengaluru, Kochi, Thiruvananthapuram and Goa. Launching e-visa system has brought India in line with many developed countries of the West that have already the system as fully functional. As the Government is interested in upgrading facilities for tourists, we expect the Tourism Ministry at the Centre brace up larger number of incoming tourists in years to come. There is still much to be done to claim that our tourism industry is developing along international lines. Apart from providing necessary and state of art tourist infrastructure, what we really need on national and on State level is inculcating tourism culture among the stakeholders. We are deficient in that area as yet and we should not allow indefinite delay in coming up to mark.
Why obstruct ropeway
Patnitop aerial ropeway has met with last minute obstruction and may be delayed indefinitely. The project is a sordid story of official intricacies, complex legalities, and perhaps also deep-seated regionalism. In these columns we have been keeping close track of this project right from the time when the blue print was announced and the proceedings in initiating the project were begun. It is now almost a decade that administrative, technical, legal and logistic minutiae have mutilated the project making it sufficiently clear that there was little commiseration for its long delay and deferment. The more recent obstruction has come from the State Forest Department, which did not think it feasible to include the item in the agenda for the deliberation of the Forest Advisory Committee.
It needs to be reminded that not only the Forest, Revenue, Tourism and Environment Departments were among the stakeholders in the project, even the Supreme Court’s intervention had been sought which came out loudly in support of allowing the Patnitop Development Authority to proceed with the aerial ropeway project. Prior to it all other departments concerned had given green signal and the stage had been set for the inauguration of the project. All this business took about a decade to culminate in the nod from the Apex Court. It was presumed that last hindrance in taking up the project had been overcome with the nod from the Apex Court. But that proved a damp squib. Taking into account the approach of the Forest Department in not including the project in the agenda of the meeting of Forest Advisory Committee, one can infer that forces outside normal administrative platitude are trying to scuttle the project for unknown reasons. We do not intend to underrate all mandatory technical and administrative requirements as pre-requisites for seeing the project through. It is this consideration that delayed final approval so long. The point that we would like to emphasize is that raising eleventh hour objections has little or no rationale behind it. The objection raised by the Forest Department seemingly appears only superfluous in nature or even if it is genuine, the approach should have been to find a solution rather than relegate it to back burner which actually is the case.
Agreed that the Apex Court has ordered raising the height of the towers, the question is that how does it warrant that the Forest Department should re-open the entire case of acquiring of forest land needed for the project so that forest junior functionaries come in and make new recommendations. Senior forest authorities are not that naïve not to comprehend the implications of the orders of the Apex Court. They could have taken a decision at their level and allowed the PDA to go ahead with the project. But they have chosen to pass the buck onto their juniors in the hope that the project will be subjected to further delay of several years and at the end of the day, it will get scuttled. This is clear evidence that some agencies are at work against the project which had been cleared by two former Chief Ministers but remain stuck up with the mandarins at the Forest Department. More noticeable is the earlier antics of the Forest Department that the file pertaining to Patnitop Ropeway project had been damaged in September floods. That trick did not work, but now an administrative spoke has been thrown into the wheel.
The question is why this kind of behind the curtain conspiracy is hatched? What are the objectives of the conspirators? Who wants to scuttle the Patnitop project and why? Civil society has a right to ask questions like these. The concerned authorities must answer. The Government should come out with a clear statement on what is its policy about regional projects and what political fallout these are likely to carry? For example, it is a well-known fact that for long Jammu has been complaining of discrimination in distribution of developmental funds on various heads; it has been complaining of being exploited by majority syndrome and thus feeding the Jammu youth with hatred and mistrust. Now if a project designed to come up in Jammu region has to be dragged on for more than a decade and still its final status is unclear, does it not strengthen the belief of Jammu people that they are not treated fairly? It causes resentment and the Government is oblivious of its repercussions.
Jammu tourism has been treated like a foster child. Never was the idea of Jammu tourism development given sympathetic understanding. Unfortunately, developing tourist infrastructure in Jammu region has been viewed as rival to Kashmir tourism with apprehensions of holding back thousands of tourists from visiting Kashmir and ending up their tour with a blithe ropeway ride over the Western Shivalaks in Jammu region. This is retrograde thinking and needs to be condemned. What our State needs is inclusive development that takes all the three regions into its loop. Step motherly treatment with Jammu should stop forthwith and the needs of Jammu and Ladakh regions should be given their due. Denying Jammu region people the benefits of modernization process will in no way help Kashmir region to grow and expand its economy.
Crude oil futures down on weak Asian cues
NEW DELHI, Nov 28: Crude oil futures fell 0.16 per cent to Rs 4,320 per barrel today as speculators indulged in reducing their exposures amid a weakening trend in Asian trade where it plunged to over four-year lows after the OPEC cartel refused to cut production.
At the Multi Commodity Exchange, crude oil for delivery in far-month January 2015 contracts shed Rs 11, or 0.16 per cent, to Rs 4,320 per barrel in 262 lots.
In a likewise manner, oil for December delivery moved down by Rs 8, or 0.15 per cent, to Rs 4,283 per barrel in 2,453 lots.
The trading sentiment remained weak largely in line with weak trend Asian trade after the OPEC cartel decided not to cut output at the conclusion of its meeting, analysts said.
Meanwhile, West Texas Intermediate (WTI) crude for January delivery was at USD 69.04, while Brent curde for January traded at USD 72.59 a barrel on the New York Mercantile Exchange in late- morning trade today. (PTI)
Gold futures fall 0.47% on global cues
NEW DELHI, Nov 28: Tracking a weak global trend, gold prices eased by 0.47 per cent to Rs 26,509 per 10 grams in futures market today as speculators offloaded their positions.
At the Multi Commodity Exchange, gold for delivery in far-month February fell by Rs 125, or 0.47 per cent, to Rs 25,509 per 10 grams in a business turnover of 265 lots.
Similarly, the yellow metal for delivery in December lost Rs 117, or 0.45 per cent, to Rs 26,130 per 10 grams in 529 lots.
Market analysts said the fall in gold futures was mostly due to a weakening trend in the global market as crude oil at the lowest level in four years increased prospects for a cooling of consumer prices, reducing demand for an inflation hedge.
Meanwhile, gold in Singapore dropped 0.90 per cent to USD 1,181.84 an ounce, the lowest since November 20. (PTI)
Rs 100 trn m-cap reflection of India as new age powerhouse:BSE
MUMBAI, Nov 28: As market value of BSE-listed firms crossed Rs 100-trillion landmark, the exchange said it is a reflection of India’s potential as a new age powerhouse and many more such milestones can be achieved in times to come.
“It is also significant that it has happened after highly successful tour of our Prime Minister Narendra Modi to Nepal for SAARC, Australia for G20, Myanmar and Fiji,” BSE MD and CEO Ashishkumar Chauhan told.
“India and the BSE reached a significant milestone today. It is a reflection of the potential of India as a new age powerhouse,” he said on this landmark achievement.
Measured in terms of total market capitalisation of all listed companies on BSE, the overall investor wealth in the Indian stock market rose to Rs 100.01 lakh crore in early morning trade at 1005 hours as the benchmark Sensex soared by over 300 points in its sustained record rally.
“This achievement is a reflection of India’s growth potential as seen from the foreign investor’s perspective as well as the competitiveness of Indian entrepreneurs to manage world class organisations,” Chauhan added.
The 30 Sensex companies alone, which are among the biggest companies in the country, now account for nearly 50 per cent or about Rs 47 lakh crore of total investor wealth.
“It has taken India and BSE 140 years to reach this milestone of Rs 100 lakh crore market capitalisation. However, given India’s potential, India should be able to achieve multiple times Rs 100 lakh crore market capitalisation in times to come,” Chauhan said.
The total market cap of all BSE listed companies had crossed Rs 10 lakh crore mark nearly 11 years ago in 2003, while it has doubled from about Rs 50 lakh crore five years ago in 2009. (PTI)
Copper softens in futures trade on weak global cues
NEW DELHI, Nov 28: Copper prices fell by 0.75 per cent to Rs 400.25 per kg in futures trade today after speculators trimmed positions on a weak global trend.
At the Multi Commodity Exchange, copper for delivery in November fell by Rs 3.40, or 0.75 per cent, to Rs 400.25 per kg in a business turnover of 639 lots.
In a similar fashion, the metal for delivery in far-month February next year eased by Rs 1.25, or 0.55 per cent, to Rs 407.25 per kg in 682 lots.
Market analysts said the fall in copper prices at futures trade was due to offloading of positions by speculators, taking weak cues from global market as a strike ends at the Antamina copper mine in Peru.
Meanwhile, copper for delivery in three months fell as much as 1.1 per cent to USD 6,486.50 a tonne on the London Metal Exchange. (PTI)
Lead futures down on global cues, subdued demand
NEW DELHI, Nov 28: Lead prices eased by 0.20 per cent to Rs 126.65 per kg in futures trade today after speculators reduced their exposures amid a weak trend overseas and subdued demand at spot markets.
At the Multi Commodity Exchange, lead for delivery this month shed 30 paise, or 0.20 per cent, to Rs 126.65 per kg in business turnover of 115 lots.
On similar lines, the metal for delivery in March shed 15 paise, or 0.10 per cent, to Rs 127.45 per kg in 100 lots.
Marketmen said a weak trend in base metals at the London Metal Exchange (LME) and subdued demand at domestic spot markets from battery-makers, mainly attributed fall in lead futures pries. (PTI)
Silver futures down 0.90% on weak global cues
NEW DELHI, Nov 28: Silver prices fell by 0.90 per cent to Rs 35,563 per kg in futures trade today as speculators engaged in reducing their positions largely in tune with a weakening trend overseas.
At the Multi Commodity Exchange, silver for delivery in December contracts traded lower by Rs 324, or 0.90 per cent, to Rs 35,563 per kg in business turnover of 947 lots.
Similarly, the white metal for delivery in far-month March next year contracts declined by Rs 270, or 0.74 per cent, to Rs 36,445 per kg in business volume of 435 lots.
In the international market, silver fell 1.20 per cent to USD 16.05 an ounce in Singapore, the lowest since November 20.
Market analysts said a subdued trend in precious metals in the global markets as crude oil at the lowest level in four years increased prospects for a cooling of consumer prices, reducing demand for an inflation hedge, put pressure on silver futures trade here. (PTI)
Just Dial shares up nearly 4% on RBI move
MUMBAI, Nov 28: Shares of search engine Just Dial Ltd surged nearly 4 per cent today after the Reserve Bank allowed the company to raise the foreign shareholding limit to a maximum of 75 per cent of its paid-up capital under the portfolio investment scheme (PIS).
Just Dial’s scrip climbed 3.5 per cent to Rs 1,620.90 on the BSE.
On the NSE, the stock jumped 3.6 per cent to Rs 1,624.
“…Foreign institutional investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 75 per cent (revised from earlier limit of 49 per cent) of the paid-up capital of Just Dial Limited under PIS,” RBI had said in a notification yesterday.
The decision to raise such investment limit came after the company passed resolutions at its board of directors’ level and a special resolution by shareholders, agreeing to enhance the limit of its equity shares and convertible debentures by FIIs.
FIIs held 26.64 per cent shares in the company as of September 30, 2014.
FIIs, NRIs and PIOs (Persons of Indian Origins) can invest in primary and secondary capital markets in India through PIS.
The RBI monitors the ceilings on FII/NRI/PIO investments in Indian companies on a daily basis and has fixed the cut-off points two percentage points lower than the actual ceiling. (PTI)
