Employment News Paper 13 July 2013

Employment News Paper 13 July 2013 

संसदीय क्षेत्र रायबरेली देश के पहले केंद्रीय महिला विश्वविद्यालय की स्थापना के साथ ही देश के पहले एविएशन विश्वविद्यालय खोलने पर भी मुहर लगा दी।

इसके लिए 700 करोड़ रुपये खर्च करने की घोषणा की गई है। इससे पहले केंद्र सरकार रायबरेली में रेल कोच फैक्ट्री और रेल पहिया कारखाना लगाने की घोषणा कर चुकी है।

मानव संसाधन विकास मंत्रालय रायबरेली में केंद्रीय महिला विवि स्थापित करने के लिए काफी समय से प्रयास कर रहा था। इसके लिए प्रदेश सरकार से जमीन की पहचान करने को कहा गया था।

India, Lanka, Maldives sign tripartite maritime security pact

India, Sri Lanka and the Maldives have entered into a tripartite agreement on maritime cooperation to secure sea routes in the Indian Ocean region.

National Security Advisor Shivshanker Menon, Lankan Defence Secretary Gotabaya Rajapaksa and Maldives' Minister of Defence Mohamed Nazim signed the agreement on Monday at the end of Meeting on Trilateral Cooperation on Maritime Security.

The agreement was reached by all on the importance of raising the maritime cooperation between the three countries in the current context of maritime security environment in the Indian Ocean region.

Google India to launch WeOW initiative to help women's start-ups connect online

Google India is launching its Women Entrepreneurs on the Web (WeOW) initiative to help women entrepreneurs connect, grow their online presence and utilise Google products to launch and scale their businesses in tier-II and tier-III towns. 

The latest initiative comes 18 months after its launch in tier-I cities, and it will eventually move into rural areas.

WeOW focuses on women entrepreneurs. 

We tell them: 'Get your business online. 

We will build it for free'," says Rajan Anandan, managing director, Google India. Google estimates the number of women entrepreneurs in India at 1.3 million, more than any other country barring the US and China. 

Imagine the impact these women can have on the entrepreneurial ecosystem. This is not just a diversity decision, but a core business decision," says Anandan.

India and Iraq signed a Pact to enhance Co-Operation In Energy Sector

India and Iraq on 8 July 2013 signed a pact to enhance co-operation in energy security, bilateral trade & commerce, infrastructure and others. 

The agreement was signed between the Union Petroleum Minister Veerappa Moily and his counterpart from Iraq, Abdul Karim Luaibi at the end of the India-Iraq Joint Commission on technical co-operation in Baghdad. 

Petroleum Minister M Veerappa Moily is leading a 28-member delegation to Iraq to participate in the 17th India-Iraq Joint Commission meeting in Baghdad. 

IDBI Bank launches retail platform for inflation indexed bonds

RBI Deputy Governor H K Khan today expressed the hope that a part of huge remittance inflows would be diverted to recently-launched inflation indexed bonds (IIBs), and not in gold or realty.

M S Raghavan, newly-appointed IDBI Bank Chairman and Managing Director, said the facility, available on IDBI's 'Samridhi' portal, will also be accessible from any phone.

As per the RBI, which auctioned the '10 years inflation indexed government stock, 2023', there were 167 competitive bids worth Rs 4,616 crore of which only 26, amounting to Rs 985.94 crore, were accepted.

In May, the Government had announced plans to issue IIBs with 10 years maturity worth Rs 12,000-15,000 crore during FY14.

IIBs will be able to diversify the investor base of bond market in the country, said Khan, while speaking at the launch of an online platform developed by IDBI Bank

India, Tanzania sign agreements--

India and Tanzania have signed agreements on bilateral cooperation in several sectors including agriculture, health and education, mines and minerals.

The agreements were signed between the Minister of State for External Affairs Mrs Preneet Kaur and the Tanzanian Minister for Foreign Affairs and International Cooperation, Bernard K. Membe at Dar es Salaam yesterday.

During her 3-day visit, Mrs Kaur co-chaired the India - Tanzania Joint Commission Meeting. She also called on Tanzanian President Dr Jakaya M Kikwete, who reviewed the current level of development partnership between the two countries. 

The Tanzanian President assured his country's support for India's aspiration for a permanent seat in a reformed United Nations Security Council.

India’s economic engagement with Tanzania has also increased to a cumulative of 1546.56 million dollars in 2011 with 305 projects and ranked as the third biggest investor in Tanzania.

RBI warns banks to strictly follow KYC norms or face action

RBI today warned them to meticulously follow its instructions with regard to walk-in customers while selling insurance, mutual fund, gold and other products above Rs 50,000 or face action. 

It is reiterated that banks should meticulously follow the instructions in letter and spirit and ensure that violations of (KYC and anti-money laundering norms) do not recur. 

Such violations would be viewed seriously by the Reserve Bank and would involve imposition of penalties," RBI said in a notification. 

The instructions in "respect of third party products would also apply to sale of banks' own products, payment of dues of credit cards/sale and reloading of prepaid/travel cards and any other product above the threshold of Rs 50,000", RBI added.

It had fined the top-three private sector banks -- ICICI Bank HDFC Bank and Axis Bank -- for violation of norms following an enquiry into the Cobrapost expose.

Spain’s Francisco Garcia Appointed Women Basketball Coach

The Basketball Federation of India (BFI) has appointment Spain’s Francisco Garcia as head coach of the Indian senior women’s basketball team.

Garcia has coached various Spanish Federation Youth National Development Camps, in addition to acting as a private development coach for a number of Spain’s senior national women’s players, including three-time WNBA championAmaya Valdermoro.

The BFI worked closely with IMG Reliance, its exclusive long-term partner for development of the sport of basketball in the country, to conduct a thorough search of top-qualified candidates around the world,

Sebi 'cattle-for-ghee' investment scheme

Sebi today clamped down on an investment scheme involving collection of public funds for purchase of cattle to earn huge returns from sale of ghee and asked the company as well as its directors to initiate the process for refunding Rs 1,100 crore to investors. 

The operator of this scheme, HBN Dairies & Allied Ltd, has also been barred from disposal of assets totalling over Rs 1,000 crore, except for the purpose of winding up of its schemes, and refund of investor money with promised returns.

As per the financial details accessed by Sebi during its probe, the scheme named 'Cattles & Ghee' had mobilised a total amount of Rs 745 crore as on March 31, 2011. 

Further funds could have been garnered from the depositors since then. 

Sebi regulates CIS, which involves pooling in of money from multiple investors for a specific objective.

HBN is not registered as CIS entity with Sebi and therefore, the investment schemes run by it are in contravention of Sebi rules.

State Bank Of India Xpress Money Card launched

State Bank of India, in partnership with a non-banking finance company, UAE Exchange and Financial Services, has launched a card which will enable the holder to receive the remittance directly on the card.

The card — State Bank Xpress Money Card — can be loaded with up to Rs 50,000. A maximum of 30 remittances can be loaded during a calendar year.

A depositor will have to visit the UAE Exchange and Financial Services branch to deposit the money. 

Prepaid cards are beneficial to customers as there is no need to open a bank account, State Bank of India

For now, the card will be available free-of-cost in Kerala. 

Human-powered helicopter wins $250,000 US prize

A Canadian-built helicopter that is powered by a human riding a bicycle has become the first winner of a decades-old $250,000 engineering prize, the US awarder said on Friday.

The challenge was to create a flying machine that would be able to reach a height of three meters (yards), fly for 30 seconds by human power alone, and stay in a 10 by 10 meter area.

It was long seen as impossible to win this," AHS International executive director Mike Hirschberg told AFP.

The winning vehicle is called the Atlas, and was designed by a team of about 20 students and young professionals. 

The aircraft is extremely light -- just 121.4 pounds (55 kilograms) -- but it spans a sprawling 162 feet (49.4 meters). 

AeroVelo co-founder Cameron Robertson, 26, said the aircraft is designed to be ridden by someone 160 pounds or less. 

It also requires a fairly strong pedaler, requiring about one horsepower to operate, when the average person could probably manage a half horsepower.

The prize is named for Igor Sikorsky, a Russian born engineer and pilot who came to America in 1919 and in 1939 designed and flew the first successful single main rotor helicopter in the world. 

The amount was set at $10,000 when the award was initiated in 1980 and was soon raised to $25,000.

program stagnated through much of the 1990s and 2000s until Sikorsky Aircraft Corporation agreed in 2009 to raise the amount to $250,000.

That quarter of a million dollars absolutely brought out some of the best innovators and the best talents in tackling this challenge," said Hirschberg.

The first prize attempt at a human powered helicopter was by California Polytechnic State University, which flew its craft for 8.6 seconds at a height of eight inches off the ground in 1989, according to AHS. 

A team from Nihon University in Japan set the endurance record for the prize with almost 20 seconds in 1994.