Pope Francis today urged Vatican
disciplinarians to act "with determination" against sexual abuse
committed by members of the Catholic clergy, in his first public
pronouncement on the issue. "The Holy Father in particular asked that
the congregation ... act with determination in cases of sexual abuse,"
the Vatican said in a statement, referring to the Congregation for the
Doctrine of the Faith, which handles such cases, after the pope met with
its director. The statement noted that the policy followed "the line
established" by Francis' predecessor Benedict XVI. The Argentine pope,
elected last month, asked for "stepped-up measures to protect minors and
help those who were subjected to such violence in the past". Also in
line with his predecessor, Francis asked for a continuation of
"procedures against the guilty and the commitment of bishops'
conferences (national churches) to formulate and implement the necessary
directives in this area." The scourge of abusive priests burst into
the spotlight more than a decade ago with a cascade of scandals rocking
the Church worldwide, from Ireland to the United States, from Australia
to Benedict's native Germany. The Vatican says it continues to receive
around 600 claims against abusive priests every year, many of them
dating back to the 1960s, 1970s and 1980s. Sexual abuse by priests has
often been coupled with cover-ups by their superiors, typically by
transferring them to other parishes.
Correlating the ups and down in the Indian rupee with the stock market, Vijay Bhambwani, CEO, bsplindia.com, suggests that if the rupee continues with its downward fall, the Indian stock market may fall breach October lows and fall further. “If the rupee falls below the 53.0-53.50 mark vis-a-vis the USD, expect a mini meltdown atleast in the equity markets. In that case, the 2250 level (on Nifty) will be breached easily to form a new low. The possibility of that low being below the 2000 levels on the Nifty spot is fairly high,” he says. Bhambwani supports his outlook by comparing the value of rupee at the time of October lows. “The October 2008 lows were made with the INR at 51.20 - 51.40 band. The rupee has breached the 52 level since then. Clearly the nation’s ‘share price’ (currency) indicates weakness. The curency market is a far more accurate barometer of the nation’s health compared to the equity indices. Whether you like it or not, we are under siege. Had it not been March (NAV ...
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