Sunil James was under arrest in Togo since July on the charge of aiding pirates who had attacked and looted his Marshall Islands-flagged MT Ocean Centurion
Indian sailor Sunil James, who had been jailed in Togo in July, has been released and is expected to reach India by Friday
According to Ministry of External Affairs India was in touch with Togo authorities to secure on compassionate ground the release of the sailor whose family wanted him to conduct the last rites of his 11-month-old son.
Indian officials from Accra had met the sailor recently and had been pursuing the case of his release with the authorities there.
James has been released, the sources said, adding he is expected to return home by tomorrow.
He was under arrest in the west African country since July on the charge of aiding pirates who had attacked and looted his Marshall Islands-flagged MT Ocean Centurion on 16th July.
The sailor’s 31-year-old wife Aditi and others in the family wanted James to conduct the last rites of his son whose body is lying in a hospital morgue since the toddler’s death from septicaemia on 2nd December.
It was reported that the infant, Vivaan, underwent an operation for intestinal gangrene but doctors could not save him as the infection had spread to his bloodstream.
Nifty has to stay above 6,200 for the short upmove to continue
Yesterday, we mentioned that a close well above 6,200 is needed to for Nifty to be back on an uptrend. Today the market has given this short-term signal for an upmove. Tomorrow, Nifty has to stay above 6,200 for the upmove to continue. If the rally continues, it could reach 6,275-6,300 levels.
It was widely anticipated that the Reserve Bank of India (RBI) will raise repo rate to rein in inflation, however, the RBI kept its main lending rate unchanged. This surprised the markets and the indices reacted positively and closed in the green breaking the six-day losing streak.
However, the RBI maintained that it may act upon key interest rates in between policy reviews, should headline or core inflation not ease as expected. Now, the markets look forward to the US Federal Reserve's two-day meeting on its quantitative easing (QE) programme ending later in the day.
The Sensex and Nifty opened at 20,569 and 6,130 which was also the intra-day-low of the day. Post the RBI policy announcement, the market gained strength. The Sensex and Nifty hit a four day (including today) high at 20,918 and 6,236 respectively. The Sensex closed at 20,860 (up 248 points or 1.20%), while Nifty closed at 6,217 (up 78 points or 1.27%). The NSE recorded a higher volume of 66.83 crore shares.
All the other indices on the NSE closed in the positive. The top five gainers were Realty (3.39%); PSU Bank (3.03%); Nifty Midcap 50 (2.28%); Energy (2.15%) and Infra (1.93%).
Of the 50 stocks on the Nifty, 46 ended in the green. The top five gainers were BHEL (6.32%); DLF (5.63%); PNB (4.74%); IndusInd Bank (4.29%) and Bajaj Auto (4.08%). The only three losers were Jindal Steel & Power (0.87%); Sesa Sterlite (0.57%) and UltraTech Cement (0.27%).
Of the 1,224 companies on the NSE, 809 closed in the positive, 346 closed in the negative while 69 remain unchanged.
US indices closed flat with a negative bias yesterday. European indices are trading in the green while US futures were also trading higher. Asian indices had a mix performance. Nikkei 225 (up 2.02%) was the top gainer while NZSE 50 (down 1.10%).
Japanese merchandise exports rose 18.4% from a year earlier to 5.901 trillion yen in November, the Ministry of Finance said Wednesday, the ninth straight month of increase. In September, exports rose 18.6%. Imports rose 21.1% to 7.193 trillion yen in November, the largest figure ever seen for the month, the data showed. Japan's trade surplus came to a deficit of 1.293 trillion yen, up 35.1% from a year earlier and marking the 17th consecutive month of shortfalls, the ministry said. That's larger than any deficit recorded for the month of November in figures dating back to 1979.
The new law is a significant step towards creating awareness on the issue of workplace sexual harassment and ensuring women a safe and healthy work environment
Media coverage of the complaint against Tarun Tejpal and Justice Ganguly (retired Supreme court judge) have only brought home the fact that most people are clueless about the stringent new provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 (Act).
Moneylife Foundation invited Anagha Sarpotdar, a consultant of gender and socio-legal issues and Advocate Mini Mathew to address issues related with sexual harassment at workplace in its 192nd seminar held on 18 December 2013 at the Indiabulls Finance Centre, Mumbai.
Ms Sarpotdar explained the overview of the Act and its obligations and implications for companies and employees. She said, the law casts an obligation upon the employer to address the grievances in respect of sexual harassment at workplace in a time bound manner, which in several cases may not be practically possible as the employees or witnesses involved may not easily or readily co-operate.
She said, the definition of 'aggrieved woman' in the Act does not make a reference to victimization on the part of the employer of the employee who has made the complaint of harassment, which would be fairly common in such situations. Also, in order to cover some of the technological developments, words like 'verbal, textual, physical, graphic or electronic actions' should have been added in the definition of 'sexual harassment', Ms Sarpotdar said.
The Act mandates employer to provide a safe working environment and display conspicuously at the workplace, the penal consequences of indulging in acts that may constitute sexual harassment and the composition of the Internal Complaints Committee (ICC).
Adv Mathew explained in detail the impact of the Act on organisations, structure of anti-sexual harassment committees and compliance requirements.
Unlike some of the other laws, the Sexual Harassment Act if implemented well, which in itself would go a long way in protecting the employees' interests and well-being in India.