Employment News 2 September 2013

Employment News 2 September 2013 , Economic News September

Sachin Tendulkar to play 200th Test at home

Sachin Tendulkar is all set to play his 200th Test match on home soil with the BCCI trying to squeeze in a series against the West Indies ahead of the year-end tour of South Africa.

The decision to invite West Indies for two Tests and five one-dayers was taken at the working committee meeting on Sunday.

The champion batsman has so far played 198 Tests, scoring 15,837 runs at an average of 53.86. The top run-getter by quite a mile, Tendulkar has scored 51 hundreds in the five-day format.

Tendulkar, who has retired from ODIs and Twenty20s, played 463 50-over games scoring 18.426 runs at an average of 44.83. He struck 49 hundreds in the process.

 India's economic growth slumps to 4.4 percent

India's economic growth slumped to 4.4 percent during the quarter ended June 30, due to poor showing of manufacturing, mining and agriculture sectors, government data showed Friday.

The manufacturing sector contracted by 1.2 percent while mining sector contracted by 2.8 percent.

The services sector registered a healthy 9.4 percent growth in the April-June quarter of the current financial year, data released by the Central Statistics Office (CSO) said.

IAF to induct C-17 Globemaster III heavy-lift aircraft

75-80 tonne C-17 Globemaster III heavy-lift transport aircraft into service on September 2 at the Hindon airbase near here under a deal expected to be over Rs 20,000 crore into the newly formed 81 Squadron.

The American C-17, with a capability to carry around 80 tonnes of load and around 150 fully geared troops, will replace the Russian Il-76 as the biggest aircraft in the IAF inventory till now.

The Il-76 had the capability to carry loads upto around 40 tonnes.

In recent times, the IAF has shifted its dependence from the Russian-origin aircraft towards the American ones with the induction of the C-17 and the C-130J Super Hercules transport aircraft. 

The IAF operates six C-130Js and has plans of procuring six more for operations on small and unpaved runways alongside routine transport missions. 

The IAF also has the Russian Antonov-32 in its inventory.

Indonesia, Pakistan sign free trade pact

Indonesia and Pakistan have signed a free trade agreement (FTA) and expect to take their bilateral trade to $2 billion by next year.

After the implementation of the free trade agreement with Pakistan, trade growth is to be significant this year and may reach between $100-200 million from crude palm oil, footwear, garments, papers and coal commodities.

We are seeing potential trade growth between $1.5-2 billion next year," Xinhua quoted Indonesia's Deputy Trade Minister Bayu Krisnamurthi as saying.

Bayu said the two countries have agreed to put food products trade under the FTA programme, and added that Pakistan had proposed to sell its horticulture products of Kino oranges in Indonesia with special tariff during the initial FTA programme implementation period.

The pact is expected to take effect from early September.

Broadcaster Sir David Frost dies 

Veteran broadcaster Sir David Frost, who won fame around the world for his interview with former U.S. President Richard Nixon.

Sir Frost died of a heart attack on Saturday night aboard the Queen Elizabeth cruise ship, where he was due to give a speech, the family said. 

The cruise company Cunard said its vessel had left the English port of Southampton on Saturday for a 10-day cruise in the Mediterranean. 

The BBC said it received a statement from Mr. Frost’s family saying it was devastated and asking “for privacy at this difficult time.

It said a family funeral will be held in the near future and details of a memorial service will be announced later. 

Syndicate Bank workmen employee director

Syndicate Bank has appointed Sankaran Bhaskar Iyer as workmen employee director on the board of directors for three years from the date of his taking over charge of the post on or after August 31.

University Grants Commission has sanctioned release of funds of Rs 19.87 crore for four varsities in Jammu and Kashmir under the General Development Assistance Plan (GDAP). 

This was conveyed yesterday to Governor NN Vohra, who is Chancellor of the four universities, an official spokesman said

The grants, under the 12th Plan, are being released against a tentative allocation of Rs 49.69 crore for the four varsities, the spokesman said. The amount sanctioned so far is 40 per cent of the total Plan allocation made by UGC for Jammu University, Kashmir University, Shri Mata Vaishno Devi University and Baba Ghulam Shah Badshah University.

RBI looking into the issue of SBI shaming students

The Reserve Bank of India (RBI) is looking into the complaint against State Bank of India (SBI) for shaming students and their parents for defaulting on their education loan.

RBI's assistant general manager Sharmila Sampath Kumar has sent me an email Aug 28 stating that the issue is receiving the attention of the central bank," K. Srinivasan, convenor, Education Loan Task Force (ELTF).

ELTF guides students on rules and regulations governing the education loans offered by nationalised banks. 

It also insists that students repay their dues.

The Bodinayakanur branch of SBI in Theni district, 515 km from here, displayed photos of students and their parents for defaulting on their educational loans.

Several political parties like DMK, CPI, VCK and others had condemned the SBI's action.