Employment News Today 22 August 2013 Gk Update 22 Aug Part 2
NMDC signs MoU with IL&FS to set up 500 MW power plant
in Gonda, UP
The state-owned iron National Mineral Development
Corporation Power Ltd. today signed an Mou with the IL&FS Energy
Development Ltd to set up a 500-MW power plant at Gonda in Uttar Pradesh.
The Mou was signed in the presence of Union Minister of
Steel, Mr. Beni Prasad Verma and Minister of state for Power Jyothiraditya
Scindia.
The project is to be completed within three years at an
estimated cost of 3000 crore rupees.
Speaking on the ocassion, Mr. Beni Prasad said the
project will improve power production besides bringing socio- economic
development of the region.
Power Minister Jyotiradhitya Scindia said, the project is
to be executed on a 74 to 26 percent partnership between NMDC and ILFS.
Greece’s new state television channel began airing news
programs Wednesday, more than two months after the government’s abrupt closure
of the state broadcaster--------
Greece’s conservative-led government abruptly
shuttered ERT in June and fired all 2,700 staff, citing the need to cut
costs due to the country’s severe financial crisis.
The ensuing outcry led to a
small Left-wing party withdrawing from the country’s fragile three-party
governing coalition, leaving the government with a tiny majority in Parliament.
The move came as Europe’s public broadcaster said it was
halting its relay of programs by the sacked workers of the now defunct ERT, who
have been occupying the company’s building and producing 24-hour programming in
defiance of the closure.
Its first news program, a two-hour broadcast that began at 8
a.m., focused mainly on the analysis of domestic news by a panel of
journalists, but also included international news items based on the BBC
website and al-Jazeera footage.
The Reserve Bank of
India (RBI) on Tuesday announced its decision to buy long-term government bonds
worth Rs 80 billion (nearly $1.3bn) to pump more liquidity into the country's
banking system.
The central bank said that it would buy government bonds
through open market purchase operations (OMOs) route on 23rd of August.
The decision was announced just a few days after the
RBI announced measures to tighten liquidity as part of its efforts to arrest
the rupee's fall.
Explaining the reason behind its decision for buying
bonds, the RBI said in a statement that it was crucial to make sure that
liquidity-tightening measures didn't toughen longer term yields as well as to
ensure sufficient credit flow to the economy's productive sectors.
The yield on 10-year government bond on Tuesday hit 9.48
per cent, the highest level since 2001.
Commenting on the move, HDFC Bank treasurer Ashish
Parthasarthy said, "RBI is trying to ensure that the unintended
consequences of their liquidity tightening steps that led to a spike in
long-end bond yields are corrected."
Injection of fresh liquidity into the banking sector
will drag 10-year bond yield sharply down as well as decrease banks'
depreciation losses considerably.
Syrian opposition activists have accused President Bashar
al-Assad’s regime of killing 635 people Wednesday in “poisonous gas” attacks on
rebel strongholds near Damascus-----
The Syrian government issued a denial and said the
allegations were aimed at derailing a mission currently underway by United
Nations chemical weapons inspectors.
Syrian Local Coordination Committees, a pro-opposition group
that documents violence across the country, said 635 people had been killed in
the attacks.
A 20-member UN team, led by Swedish chemical weapons expert
Ake Sellstrom, arrived in Damascus on Sunday to investigate three sites of
alleged chemical weapons attacks.
British Foreign Secretary William Hague called on the Syrian
government to allow the UN team immediate access to the area of Wednesday’s
alleged attack.
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