Employment News 20 September 20, 2013

Employment News 20 September 20, 2013

China removes CPC member Jiang Jiemin from supervisory post

China’s Cabinet on Tuesday announced the removal of CPC member Jiang Jiemin as head of the Assets Supervision and Administration Commission (SASAC) on graft charges.

On September 3, the central committee of the Communist Party of China (CPC) had removed Mr. Jiang as head of SASAC because of suspected serious violations, two days after officials confirmed he was being investigated.

Mr. Jiang is the first full member of the 18th Central Committee of the CPC under investigation for graft.

In a statement on Tuesday, the Cabinet also announced a number of appointments and removals of government officials, Xinhua reported.

Li Baodong was appointed Vice Foreign Minister, while Ma Zhaoxu and Le Yucheng will no longer be the assistant foreign minister.

Wang Wenbin was appointed the SASAC deputy director, replacing Shao Ning and Chen Shixin as World Bank executive director for China replacing Yang Shaolin.

Ning Jizhe was appointed the head of the Research Office of the State Council.

Wang Shouwen, Wang Bingnan and Zhang Xiangchen were appointed Assistant Commerce Ministers.

Fu Zhenghua, head of Beijing’s Public Security Bureau, was appointed Vice Minister of Public Security.

Ashish Kumar selected for NASA astronaut training programme

 A Haryana student has been selected for a three-year astronaut training programme of National Aeronautics and Space Administration (NASA) in the US.

Ashish Kumar, who belongs to Dhaulera village of Mahendergarh district, was today honoured with ‘Pratibha Samman’ by Haryana Chief Minister Bhupinder Singh Hooda for his achievement.

Hooda, who also presented a cheque of Rs 1.5 lakh and a certificate to Ashish, described his selection for the NASA programme as an exceptional achievement, and an inspiration for other students.

Ashish has also cleared Indian Institute of Space Aeronautics and Technology (IISAT) competition organised by ISRO, as well as the IIT entrance test.

Ten candidates, including three Indians, have been selected by NASA from across the globe for the programme, the entire expense of which will be borne by the agency.

China opens first direct bank

China’s first direct bank Co-operating with the Netherlands-based ING Group, the Bank of Beijing had initially launched direct bank services in cities of Beijing, Xi’an and Jinan, said Shi Zhan, a senior manager at the Bank of Beijing.

The direct banking services operated by the Bank of Beijing will mainly serve retail clients and small and micro enterprises, according to Shi Zhan. 

Samsung unveils Note 3 for Rs. 49,900 in India

company on Tuesday launched its wearable computing smartwatch Galaxy Gear and the high-end smartphone Galaxy Note 3 in India.

The Galaxy Gear comes with a Bluetooth 4.0 and hence is compatible with most of other Samsung Galaxy devices,” said Taneja.

Galaxy Gear has been priced at Rs. 22,990, while the Galaxy Note 3 will come with a price tag of Rs. 49,990.

WTO lowers growth projection for world trade in 2013 to 2.5%

The World Trade Organisation (WTO) has lowered growth projections for world trade in 2013 for the second time, but has said the conditions for improved trade are already falling into place.

WTO economists now predict growth in 2013 at 2.5 per cent against 3.3 per cent projected in April and 4.3 per cent earlier in the year

The projection is still higher than the 2 per cent growth in world trade achieved in 2012.

The multilateral body blamed developing economies for the lower projections, stating that they are not importing as much as anticipated. It also expressed concerns about India’s economy being in the midst of a sharp contraction.

Slow revival in demand for imports in developing economies has hindered growth of exports from both developed and developing countries in the first half of 2013 and was the reason for the lower forecasts, the economists said.

On a positive note, the WTO believes that the conditions for improved trade are already falling into place as encouraging data from Europe, the US, Japan and China suggests that the economic slowdown has bottomed out and that a tentative recovery is underway.

RBI permits banks to open branches without its permission

the objective of further liberalising and rationalising the branch authorisation policy, the general permission to domestic scheduled commercial banks (other than RRBs) is now allowed to open branches in Tier 1 centres, the Reserve Bank said in a notification.

RBI said, total number of branches opened in Tier I cities cannot exceed total number of branches opened in Tier 2 to 6 centres and all centres in the North Eastern States and Sikkim.

RBI would have the option to withhold the general permission now being granted to banks which fail to meet the above mentioned criteria along with imposing penal measures on banks which fail to meet the obligations.

US launches unmanned Cygnus cargo ship to ISS

Orbital Sciences Corp launched the first flight of its unmanned Cygnus cargo ship on Wednesday to the International Space Station, as NASA forges ahead with its plan to privatise US space missions.

This is just the beginning of what we can do to support human space flight,” Orbital Executive Vice-President Frank Culbertson, a retired NASA astronaut, told reporters after Cygnus went into orbit around the Earth.

The Cygnus capsule, hitched to Orbital Science’s Antares rocket, blasted off at 10:58 am (1458 GMT) from NASA’s Wallops Flight Facility off Virginia’s eastern coast, for a Sunday rendezvous with the ISS.

Cygnus will ferry about 1,300 pounds (590 kilograms) of food, clothing and other cargo for the crew aboard the space station, which it is scheduled to reach at 1130 GMT Sunday.

Parmitano, with help from Nyberg, will command the station’s 57-foot (17-meter) robotic arm, Canadarm2, to reach out and grapple Cygnus ahead of the docking.

First UK India Business Centre opens in Gurgaon

First UK India Business Centre opens in Gurgaon to help British companies, especially small and medium-sized enterprises (SMEs), to enter the Indian market.

The centre will help UK small and medium sized businesses work closer with more established British businesses in India and provide them with the support needed to capitalise on the huge potential of the Indian market.

It will be run by UKIBC in partnership with UKTI and the British Business Groups in India.

Each Centre will provide meeting, training, networking and conference space alongside advice and other market entry services, with a particular emphasis on SMEs wanting to get into the Indian market for the first time.