15 September 2011

Many of Kerala temple’s treasures were stolen


Even after a judicial commission listed the lost valuables of Sree Padmanabhaswamy temple in Thiruvananthapuram in 2008, the temple administration headed by the Maharajah of Travancore, Sree Uthradom Thirunal Marthanda Varma, never took action against the culprits.
The temple has been in the news lately after its vaults, opened on the orders of the Supreme Court, revealed treasures worth over Rs 1,00,000 crore. Only one last vault, vault A, remains to be opened as the Travancore Maharajah,  Uthradam Tirunal Marthanda Varma, the temple’s traditional custodian, objected to it saying the deity was not happy about it. He held a ritual called Devaprasnam to claim the vault should not be opened.
Firstpost revealed in an earlier story that the vaults had been opened before, despite claims to the contrary by the Maharaja. Fresh documents with Firstpost reveal that a Judicial commission appointed by the Principal Sub-Judge of Thiruvananthapuram also indicated that several valuables from the vaults had been lost or stolen.
The Commission submitted its findings to the court listing the missing valuables from the temple on 14 November 2008. Headed by Advocate Commissioner BR Shyam and V Suresh, the Commission visited the temple and opened the vaults where the golden and silver pooja utensils were kept.
The report lists the missing utensils at the temple. “Incidentally, it came to our notice  that in the item No 4 – Thankakuda, a golden umbrella with hanging tassels made of gold  and green stones, 14 green coloured stones were found broken. The hangings were attached to the umbrella by golden threads. Some of the golden threads  were found missing …”
A paramilitary serviceman is seen at The Sree Padmanabhaswamy Temple in Thiruvananthapuram. AFP
“In item  No 5, Vellipidi Swarnakuda (golden umbrella with silver handle), and with hanging tassels of green stones covered with gold  attached to the umbrella by golden hooks, 44 golden hooks were missing and were replaced by copper or iron hooks. Three golden threads in the golden umbrella were also found missing. In Item No 15, two out of the four silver bells were found missing,” the judicial commission report revealed.
But when the Commission inquired about the missing valuables at the temple, the Executive Officer told them that he had only recently taken charge of the temple administration and was not aware about the missing valuables.
The Judicial Commission opened the temple vault in the presence of Executive Officer, the Treasurer, the palace representative Ravi Varma Raja, Advocate Balagovindan, Advocate Anandapadmanabhan,  Advocate Punchakkari Raveendran Nair, Advocate Vishwanathan Pillai, Appraiser Muthukrishnan and a few temple staff.
“Advocate Anandapadmanabhan and Advocate Balagovindan have requested us to take the sample weight of one item in each category. This request was strongly opposed by Punchakkari Raveendran Nair and palace representative Ravi Varma Raja stating that there is no specific order from the court for that purpose. The Executive Officer present was willing for weighing the valuables and conducting the purity test on the pooja utensils by the Judicial Commission. Since the parties objected (to) the weighing of valuables, we have decided to do so next time after getting specific orders from the court,” the commission report stated.
The Commission tried to weigh 11 precious valuables kept in a wooden box to ensure the security of the valuables, but the resistance of the royal family suggested that they may have been aware of the temple loot going on for years.
The Commission also found that one silver bell was missing from the list of pooja utensils handed over to the temple authorities on 19 October 2008.
The Judicial Commission also noted that “the golden and silver articles worth millions of rupees handed over to the temple authorities were not properly handled by the persons who are using them for the poojas”.

Petrol prices may go up by Rs 3 a litre


State-owned oil firms may have to raise petrol prices by as much as Rs 3 per litre as the rupee touched two-year low against the US dollar, increasing the cost of importing crude oil.
"Oil retailers are losing Rs 2.61 per litre or Rs 15 crore per day on sale of petrol. Together with local taxes, the hike needed to level domestic rates with international prices is about Rs 3 per litre," a top government official said.
IOC , BPC L and HPCL have lost Rs 2,450 crore this fiscal on selling petrol -- whose rates were freed from government control in June last year -- below the cost. "At current rate, oil firms will accrue another Rs 2,850 crore of loss on sale of petrol, taking the total loss on a fuel that was freed from control, to Rs 5,300 crore for the full fiscal," the official said, adding, "Oil firms will have to take a call on raising petrol price soon."
Besides petrol, the three firms are losing Rs 263 crore per day on selling diesel, domestic LPG and kerosene below cost. Diesel is being sold at a subsidy of Rs 6.05 a litre, kerosene at Rs 23.25 per litre while domestic LPG rates are under-priced by Rs 267 per 14.2-kg cylinder.
"The industry lost around Rs 65,000 crore in the first half of the current fiscal on the three products and for the full year the revenue loss is estimated at Rs 121,571 crore at the price of Indian basket at USD 110 per barrel," said the official.
Rupee fell to 48 per dollar today for the first time since September 2009. "Every rupee depreciation, the under-recovery (revenue loss) increases annually by around Rs 9,000 crore," he said, underscoring the need for action on the price front on all the three products.

14 September 2011

Train collision near Chennai, 7 dead


A train accident took place near Arakkonam, Chennai on Tuesday night when a passenger train was hit from behind by a Chennai Electric Multiple Unit train.
The passenger train was travelling from Arakkonam to Katpadi in Tamil Nadu and was waiting for signal when it was hit by the local train, derailing three bogies.
Additional DRM Chennai, Usha Venugopal said, "two compartments of the stationary train has derailed. One bogey of the EMU has been derailed."
IG North Zone Sylendra Babu said that at least seven passengers are confirmed dead and over 30 injured. Most of the injured have been taken to Arakkonam, Kanchivaram hospitals.
"It was a major accident. One train waiting for signal was rammed from the back by an EMU1. Rescue operations are going on. The injured people have been taken to various hospitals. It's raining at the accident spot but rescue operations are still on. We are arranging for more equipments and trained men to carry out rescue operations," said Babu.
The accident is said to have taken place at 9:30 pm on Tuesday night.
Two National Disaster Relief Force (NDRF) teams with necessary equipments have been rushed to the collision spot along with other officials for rescue operations.
NDMA Vice Chairman Shashidhar Reddy said, "two teams have been rushed to the spot. These teams were stationed at Arakkonam station and have been rushed to the spot."
Chennai Helpline numbers:
044 - 25357398
044 - 25347771
044 - 25355793
044 - 25353938
044 - 25352639
044 - 25352629

Sensex opens lower


Indian equity benchmarks bouncing back in the opening trade but erased all gains soon after. The ghost of disappointing close yesterday continues to haunt the market this morning as well following weakness in Asia and a sell-off in banking stocks. The 50-share NSE Nifty fell 16 points to 4,926 and the 30-share BSE Sensex lost 56 points to 16,412.
The Indian rupee was trading at near 2-year low of 47.93/USD, up 0.67% today.
HDFC, Bharti Airtel, HUL, L&T, HDFC Bank, Kotak Mahindra Bank, SBI, ICICI Bank, Maruti Suzuki and ITC were witnessing selling pressure.
However, HCL Tech, Infosys, TCS, Tata Motors, SAIL, Sterlite Industries and Sesa Goa were on buyers' radar.
The CNX Midcap gained 14 points at 7,254. About 400 shares advanced as against 300 shares declined on NSE.
SREI Infra plunged 13%. Pantaloon Retail fell 4%
However, KS Oils, SKS Microfinance, NCC, Jaypee Infra and BEML were up 2-4%.
Technology stocks like Hexaware and Firstsource rose 2% each.
Global cues
Asian markets were trading lower. Shanghai, Hang Seng, Nikkei and Taiwan fell 0.5-1.3%. Kospi tumbled 2.7%.

12 September 2011

Sensex dives 380 pts


Close to 380 points fall on the Sensex has confirmed that the short-term rally is now over. Factors spreading the negative sentiment included worse-than-expected industrial production date, continuous fall in rupee and a very real Eurozone scare. The 30-share BSE Sensex was trading at 16,486, down 380 points and the 50-share NSE Nifty was trading at 4,939, down 120 points.
The Index of Industrial Production (IIP) growth for the month of July, 2011 saw a sharp decline at 3.3% compared to 8.8% in the previous month. The IIP growth for the April-June quarter was at 5.8% compared to 9.7%, year-on-year (YoY).  The dismal number was mainly on account poor performance by capital goods, manufacturing and mining sectors, reflecting sluggishness in the economy.  
The rupee touched a fresh one-year low as dollar strengthened. It was at 46.97 as against US currency while its September contract hit 47/USD on the MCX-SX.
Not a single sector was trading in the green on BSE. Metal, IT, Bank and Capital Goods indices were down 2.5-3%.
Among largecaps, TCS, Reliance Industries, Bharti, Infosys, SBI, ICICI Bank, L&T and Wipro plunged 2-3.5%.
However, HUL shot up 3.5%. Ambuja Cements, Cipla and Grasim were other gainers.
SBI, GTL, Pipavav Shipyard, Reliance Industries, TD Power System, L&T and ICICI Bank were most active shares on exchanges.
Among midcaps, Pipavav, GTL, Financial Tech, Marico and Hindustan National Glass rallied 3-6% while Sujana Towers, IVRCL, S Kumars Nationwide, Indiabulls Real and Jai Corp fell 5-9%.
In the smallcap space, MSP Steel, Gokaldas Export, Falcon Tyres, Ontrack Systems and Seshasayee Paper were up 5-9%. However, Dion Global, Parenteral Drug, aurionPro Solutions, Madhucon Projects and Petron Engg lost 7-10%.
About three shares declined for every share gaining on BSE.
On the global front, Hang Seng crashed 4%. Nikkei and Taiwan fell 2-2.7%.
At 11:08 hours IST : Dismal IIP data, falling Re send Sensex down over 350 pts
Indian equities cracked further ground after the announcement of disappointing industrial output data. Depreciating rupee too added to the injury as FIIs scurry to offload exposure to the Indian markets. The 50-share NSE Nifty tanked 111 points to 4,947 and the 30-share BSE Sensex lost 354 points to 16,512.
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