Employment News Today 14 July 2013

Employment News Today 14 July 2013
Kudankulam nuclear plant cleared, with caveats

The Supreme Court has cleared the decks for the commissioning of the Kudankulam nuclear plant. A bench of Justices K.S. Radhakrishnan and Dipak Misra, in concurring judgments, however, made it clear that the plant should not be made operational unless the Atomic Energy Regulatory Board (AERB), the Nuclear Power Corporation of India Ltd (NPCIL) and the Department of Atomic Energy (DAE) gave their final clearances. 

Justice Misra said: The AERB as the regulatory authority and the MoEF are obliged to perform their duty that safety measures are adequately taken before the plant commences its operation.

The Bench said: “To sustain rapid economic growth, it is necessary to double the supply of energy. Energy tariff is also increasing, and nuclear power in the long run will be much cheaper than other forms of energy.

Nuclear power plant is being established not to negate the right to life but to protect the right to life guaranteed under Article 21 of the Constitution.


The benefits we reap from KKNPP are enormous since nuclear energy remains an important element in India’s energy mix which can replace a significant part of fossil fuels like coal, gas oil etc.

Food security scheme to be launched on August 20

Congress president Sonia Gandhi on Saturday asked the states ruled by the party to implement in “letter and spirit” the food security scheme, which it sees as a “game-changer” in the 2014 Lok Sabha Elections. 

Delhi, where Assembly polls are due by year-end, will be the first state to roll out the scheme on August 20, the birth anniversary of former prime minister Rajiv Gandhi. 

Direct Benefit Transfer (DBT) scheme and the Food Security Act are being considered as major moves by Congress ahead of the 2014 General Elections as was the farmers' loan waiver scheme and MNREGA announced in UPA-I. 

The loan waiver and MNREGA schemes were credited among other things for return of UPA to power in 2009. 

Several states, including Congress-ruled Karnataka and Uttarakhand, BJP-governed Chhattisgarh, SP-ruled Uttar Pradesh and JD(U)-run Bihar, could see early roll out of the programme. 

Lajja Goswami wins silver in shooting World Cup

Indian woman shooter Lajja Goswami has bagged a silver medal in 50 meter riffle three position in I S S F, World Shooting Championship in Spain.

Italy's Petra Jublesing bagged gold in this event.    

Shiva seals gold at Asian Boxing Ch'ships

Shiva Thapa reaffirmed his status as the rising star of Indian boxing as he became the youngest pugilist to clinch a gold medal in the 56 kg category at the Asian Championships in Amman, Jordan on Monday.

The silver medals came through L Devendro Singh (49kg) and Mandeep Jangra (69kg), while the bronze was bagged by Manoj Kumar (64kg).

Shiva fought an excellent bout. He applied his brain and dominated all three rounds. The decision may have been split but he was clearly the better boxer among the two," national coach Gurbax Singh Sandhu informed.

Two Lankan umpires banned for match fixing

Sri Lankan umpires Sagara Gallage and Maurice de La Zilwa, who were caught in a TV sting willing to fix cricket matches for money, have been suspended for 10 and three years respectively while Gamini Dissanayake, the other accused umpire, was exonorated due to lack of evidence.

After hearing the accused, the Sri Lanka Cricket (SLC) have found their involvemnet into the matter.

Though Dissanayake has escaped punishment but he has been stripped of his seniority.

In October last year, an Indian news channel purportedly caught on camera six ICC umpires from Sri Lanka, Pakistan and Bangladesh agreeing to help certain players, fix decisions as well provide pitch and team information predominantly in the Sri Lanka Premier League.

China to adjust liquidity, keep credit growth steady

China's central bank pledged on Sunday to use a mix of policy tools to adjust banking liquidity to ensure steady credit growth, in an apparent bid to soothe market concerns about tighter monetary conditions.
The central bank allowed short-term interbank borrowing costs to spike to close to 30 percent on June 20, a blunt warning to overstretched lenders that they must bring risky lending under control.

China is set to release its second-quarter economic growth report on Monday, expect growth to have slipped to 7.5 percent between April and June, from 7.7 percent in the first three months of the year.

Annual growth of the broad M2 money supply also slowed to 14 percent in June, its slackest pace of expansion in six months.

Australia to scrap carbon tax for trading scheme

Australia Sunday announced it will scrap its carbon tax in favour of an emissions trading scheme that puts a limit on pollution from 2014, a year earlier than planned.

Chris Bowen said that the fixed Aus$24.15 ($21.90) per tonne carbon tax would be dumped in favour of a floating price of between Aus$6 and Aus$10 per tonne from July 1, 2014, to ease cost of living pressures for families and help support the non-mining sectors of the economy.

Australia is among the world's worst per capita polluters due to its reliance on coal-fired power and mining exports and introduced a "carbon tax" in 2012, charging big polluters for their emissions.

Former Labor prime minister Julia Gillard's popularity sunk after she announced plans for the carbon tax in early 2011 

After pledging before her 2010 election that it would not be introduced by a government she led.

Quattrocchi dies, buries Bofors secrets with him

Controversial Italian businessman Ottavio Quattrocchi died of a heart attack on Saturday, perhaps taking with him crucial secrets of the Bofors howitzer scam that led to Rajiv Gandhi dramatically losing power in 1989 amid corruption allegations.

The death of the 74-yearold Italian will almost certainly bring the curtains down over a scandal that shook politics in the late 80s and catapulted rebel Congress leader V P Singh as the PM on the back of an Opposition alliance that included both the BJP and the Left parties.

The last time Quattrocchi came within the grasp of Indian agencies was when an Interpol red corner notice tripped him in Argentina in February, 2007. 

A tough vacation magistrate even sent him to custody but India failed to get him extradited. 

The red corner notice was subsequently withdrawn.

Quattrocchi's name cropped up in documents in Sweden that claimed kickbacks were paid to several middlemen and others by Swedish firm Bofors for selling its 155 mm artillery guns to the Indian Army. 

The deal was signed on March 24, 1986, and a year later the Swedish radio alleged that at least Rs 64 crore was paid as kickbacks. Some estimates said the bribe was as much as Rs 120 crore.

On February 6, 2007, Quattrocchi was detained in Argentina on an Interpol warrant . 

The CBI was accused of a half-hearted attempt to extradite him. 

Finally, India lost the case in June 2007, with the local judge saying New Delhi did not even present proper legal documents.

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