Employment News 10 October 2013
Government proposed to Set up Plastic Parks
The Government of India on 9 October 2013 proposed to support setting up of Plastic Parks for the promotion of downstream plastic processing industries.
The Scheme to be implemented by the Department of Chemicals and Petrochemicals envisages setting up of a Special Purpose Vehicle (SPV), which would provide infrastructure and common facilities for the industries. State Government or its agency, which would set up such SPV, will have to mandatorily have equity participation in it.
The Government of India would provide a Grant-in-Aid to the extent of 50 percent of the project cost, not exceeding 40 crore rupees per SPV to be set up for the purpose.
The Scheme is aimed at increasing investment in the sector for additions in capacity and for increased exports in the sector.
Currently the share of India in world trade for plastics is very low. The industry in the country is very large but highly fragmented with the dominance of tiny, small and medium units.
The cash-in or the deposit money ranging from as low as Rs 50 to about Rs 1,000 a month, can be deposited by the customers through agents who would enable services through a mobile-led device.
The device can help swipe a card provided by the bank to make a transfer from the bank account to the pension fund,” said Uttam Nayak, Group Country Manager, India and South Asia, Visa.
Under the government scheme, citizens below the poverty line are entitled to Rs 1,000 per annum to a deposit amount of Rs 1,000 and above.
With about 800 devices and four centres at present, the joint venture by Visa and Micro Pension initiative plans to expand to over 100 centres in close to 2 years and is targeting 140 million (14 crore) low income, unbanked, informal sector individuals, providing them with access to affordable, micro-savings and pension products from regulated financial institutions.
With 52 per cent of unbanked population in India, it remains to be seen how much this joint venture will benefit the bottom of the pyramid contributing to the financial inclusion agenda of the government and the Reserve bank of India.
Syed Ibne Abbas will be Pakistan’s new High Commissioner to India
Syed Ibne Abbas will be Pakistan’s new High Commissioner to India.
He replaces Salman Bashir.
Abdul Basit Khan will be the new Foreign Secretary.
Foreign Secretary Jalil Abbas Jilani will be the new ambassador to the U.S., the sources said. The post has been vacant since Sherry Rehman’s resignation.
Mr. Jilani has been Foreign Secretary since March and has had postings in Europe and India.
Indira Gandhi International Airport, New Delhi and Birmingham Airport, UK on 7 October 2013 signed a Memorandum of Understanding (MOU) to formalise a working relationship and commit to developing links between the two cities (Birmingham and Delhi).
The MoU will allow the sharing information and best practice to enhance links between Birmingham and Delhi and promote tourism and business opportunities at both ends of the route.
The MoU signifies a formal commitment by both parties to work collaboratively in order to strengthen trade and tourism links between the two cities.
The development followed the recent launch of direct flights between the two airports. Air India had launched a direct flight between Delhi and Birmingham in August 2013 with a Boeing 787 Dreamliner aircraft.
tops list of business schools in Central Asia
Three Indian Institutes of Management are the top three B-schools in Central Asia as per the Eduniversal 2013 Ratings and Rankings. As per the ratings announced here on Wednesday, the 40-year-old IIM-B is at the top of the heap, followed by IIM-A and IIM-C.
The Paris-based Eduniversal is a global ranking and rating agency specializing in higher education.
Top three business schools were chosen from nine geographical zones and there weren't too many surprises.
While National University of Singapore led the way in Far East Asia, Harvard Business School and London Business School topped the list in North America and Western Europe respectively.
India to open a separate diplomatic mission for ASEAN
To the intensity of the relationship that India seeks to have with ASEAN, New Delhi has decided to open a separate mission for this 10-nation bloc that is billed as the growth centre of Asia.
An announcement of an Indian Ambassador to ASEAN is expected to be made by Prime Minister Manmohan Singh in this capital city of Brunei where he will participate in the 11th ASEAN-India summit on Thursday.
Dr. Singh arrived here late on Wednesday afternoon to participate in the ASEAN-India engagement and the 8th East Asia Summit (EAS).
Currently, India’s diplomatic mission in Indonesia handles the ASEAN-related work as the ASEAN Secretariat is located in Jakarta.
Official sources said the ASEAN engagement had become very demanding; one that required a full-time mission.
This was also a recommendation of the vision statement prepared by an ASEAN-India Eminent Persons Group as per the Plan of Action 2010-15.
Telugu actor Srihari passes away
Telugu film actor Srihari passed away at a private hospital in Mumbai on Wednesday.
The actor, who was last seen in Ram Charan-starrer Toofan (Zanjeer), is survived by his wife Shanthi and two children.
Reports say that Srihari who has not been doing well of late, died while undergoing treatment in the hospital. Born on August 1, 1964, Srihari was a versatile actor and has also played as lead actor in several films.
Government proposed to Set up Plastic Parks
The Government of India on 9 October 2013 proposed to support setting up of Plastic Parks for the promotion of downstream plastic processing industries.
The Scheme to be implemented by the Department of Chemicals and Petrochemicals envisages setting up of a Special Purpose Vehicle (SPV), which would provide infrastructure and common facilities for the industries. State Government or its agency, which would set up such SPV, will have to mandatorily have equity participation in it.
The Government of India would provide a Grant-in-Aid to the extent of 50 percent of the project cost, not exceeding 40 crore rupees per SPV to be set up for the purpose.
The Scheme is aimed at increasing investment in the sector for additions in capacity and for increased exports in the sector.
Currently the share of India in world trade for plastics is very low. The industry in the country is very large but highly fragmented with the dominance of tiny, small and medium units.
श्रीलंका के पूर्व
कप्तान तिलकरत्ने दिलशान ने
टेस्ट क्रिकेट से
सन्यास का निर्णय
लिया है। हालांकि
वो वनडे और
टी-20 में खेलना
जारी रखेंगे।
Visa ties up with Micro Pension Foundation for
rural pension scheme
Global payments solutions provider Visa today announced
its partnership with Micro Pension Foundation to launch pension scheme for
low-income groups in the rural areas to save for their future.
The companies have tied up with old private sector
lender Ratnakar Bank for the cash-in and cash-out services
The cash-in or the deposit money ranging from as low as Rs 50 to about Rs 1,000 a month, can be deposited by the customers through agents who would enable services through a mobile-led device.
The device can help swipe a card provided by the bank to make a transfer from the bank account to the pension fund,” said Uttam Nayak, Group Country Manager, India and South Asia, Visa.
Under the government scheme, citizens below the poverty line are entitled to Rs 1,000 per annum to a deposit amount of Rs 1,000 and above.
With about 800 devices and four centres at present, the joint venture by Visa and Micro Pension initiative plans to expand to over 100 centres in close to 2 years and is targeting 140 million (14 crore) low income, unbanked, informal sector individuals, providing them with access to affordable, micro-savings and pension products from regulated financial institutions.
With 52 per cent of unbanked population in India, it remains to be seen how much this joint venture will benefit the bottom of the pyramid contributing to the financial inclusion agenda of the government and the Reserve bank of India.
Syed Ibne Abbas will be Pakistan’s new High Commissioner to India
Syed Ibne Abbas will be Pakistan’s new High Commissioner to India.
He replaces Salman Bashir.
Abdul Basit Khan will be the new Foreign Secretary.
Foreign Secretary Jalil Abbas Jilani will be the new ambassador to the U.S., the sources said. The post has been vacant since Sherry Rehman’s resignation.
Mr. Jilani has been Foreign Secretary since March and has had postings in Europe and India.
Indira Gandhi International and Birmingham Airports
Signed MoU to Become Sister Airports
Indira Gandhi International Airport, New Delhi and Birmingham Airport, UK on 7 October 2013 signed a Memorandum of Understanding (MOU) to formalise a working relationship and commit to developing links between the two cities (Birmingham and Delhi).
The MoU will allow the sharing information and best practice to enhance links between Birmingham and Delhi and promote tourism and business opportunities at both ends of the route.
The MoU signifies a formal commitment by both parties to work collaboratively in order to strengthen trade and tourism links between the two cities.
The development followed the recent launch of direct flights between the two airports. Air India had launched a direct flight between Delhi and Birmingham in August 2013 with a Boeing 787 Dreamliner aircraft.
tops list of business schools in Central Asia
Three Indian Institutes of Management are the top three B-schools in Central Asia as per the Eduniversal 2013 Ratings and Rankings. As per the ratings announced here on Wednesday, the 40-year-old IIM-B is at the top of the heap, followed by IIM-A and IIM-C.
The Paris-based Eduniversal is a global ranking and rating agency specializing in higher education.
Top three business schools were chosen from nine geographical zones and there weren't too many surprises.
While National University of Singapore led the way in Far East Asia, Harvard Business School and London Business School topped the list in North America and Western Europe respectively.
India to open a separate diplomatic mission for ASEAN
To the intensity of the relationship that India seeks to have with ASEAN, New Delhi has decided to open a separate mission for this 10-nation bloc that is billed as the growth centre of Asia.
An announcement of an Indian Ambassador to ASEAN is expected to be made by Prime Minister Manmohan Singh in this capital city of Brunei where he will participate in the 11th ASEAN-India summit on Thursday.
Dr. Singh arrived here late on Wednesday afternoon to participate in the ASEAN-India engagement and the 8th East Asia Summit (EAS).
Currently, India’s diplomatic mission in Indonesia handles the ASEAN-related work as the ASEAN Secretariat is located in Jakarta.
Official sources said the ASEAN engagement had become very demanding; one that required a full-time mission.
This was also a recommendation of the vision statement prepared by an ASEAN-India Eminent Persons Group as per the Plan of Action 2010-15.
Nobel Chemistry Prize won by Karplus, Levitt, Warshel
Michael Levitt, a British and US citizen of Stanford
University, US-Austrian Martin Karplus of Strasbourg University and
US-Israeli Arieh Warshel of the University of Southern California
share The Nobel Prize in Chemistry 2013 on 9 October 2013.
Three molecular chemists have won the Nobel Prize for
Chemistry for devising computer simulations that are used to understand and
predict chemical processes, the jury said.
They were awarded Nobel Prize in Chemistry 2013 for
the development of multi scale models for complex chemical systems.
The trio devised computer simulations to understand
chemical processes.
Their research laid the foundations for new kinds of
pharmaceuticals.
While announcing their names Royal Swedish Academy
of Sciences told that the Nobel Laureates in Chemistry 2013 have made it
possible to map the mysterious ways of chemistry by using computers.
Aadhaar-based e-KYC gets SEBI nod
Aadhaar cards for availing subsidies, market regulator
SEBI accepted the Unique Identification Authority of India’s (the agency
responsible for making the cards) e-KYC services.
SEBI said that it had decided to accept e-KYC as a valid
process for KYC verification.
Information regarding client details and photographs
made available by UIDAI as a result of e-KYC process shall be treated as
sufficient proof of identity and address of the client, said SEBI.
KYC or Know-Your-Customer/Client is done by all capital
market intermediaries to obtain proof of identity and residence of the entity,
in order to identify the owner of the securities.
However, the process requires the client to authorise the
intermediary to access his data through the UIDAI system.
Note: Earlier in August 2012, SEBI had said it would accept
Aadhaar for proof of address. Prior to that, Aadhaar was recognised by the
regulator only as proof of identity.
Indian entrepreneurs awarded by Prince Charles' NGO
Founded in 2000, the charity was originally a programme within The International Business Leader Forum. YBI has since become one of the Prince's Charities, a group of NGOs of which The Prince of Wales is President.
Two young Indian entrepreneurs have been awarded by Youth Business International (YBI), a charity led by Prince Charles.
Thirtytwo-year-old Sharad Tandale, a member of an economically marginalised farmer community of Bihar, was recognised as the 'entrepreneur of the year' at yesterday's 2013 Young Entrepreneur Awards ceremony here.
Tandale is the founder of the engineering start-up, Innovation Engineers and Contractors, which now employs 175 people.
The other winner, Godavari Satpute, bagged the title of 'Woman Entrepreneur of the Year'.
Godavari, 33, runs a business manufacturing paper lanterns in Nari Village in Solapur district of Maharashtra. Within a period of four years, her company has managed a turnover of USD 50,000 and employs 75 other women.
Founded in 2000, the charity was originally a programme within The International Business Leader Forum. YBI has since become one of the Prince's Charities, a group of NGOs of which The Prince of Wales is President.
Two young Indian entrepreneurs have been awarded by Youth Business International (YBI), a charity led by Prince Charles.
Thirtytwo-year-old Sharad Tandale, a member of an economically marginalised farmer community of Bihar, was recognised as the 'entrepreneur of the year' at yesterday's 2013 Young Entrepreneur Awards ceremony here.
Tandale is the founder of the engineering start-up, Innovation Engineers and Contractors, which now employs 175 people.
The other winner, Godavari Satpute, bagged the title of 'Woman Entrepreneur of the Year'.
Godavari, 33, runs a business manufacturing paper lanterns in Nari Village in Solapur district of Maharashtra. Within a period of four years, her company has managed a turnover of USD 50,000 and employs 75 other women.
RBI caps FII investment in GE Shipping,
Kajaria Ceramics
The Reserve Bank of
India (RBI) today restricted foreign institutional investors (FIIs) to purchase
shares in Great Eastern Shipping Company and Kajaria Ceramics as the foreign
equity shareholding have reached the trigger limit of 24 per cent.
The Great Eastern Shipping Co. Ltd. has crossed the
limit of 24 per cent of its paid-up capital. Therefore, no further purchases of
shares of this company would be allowed through stock exchanges in India on
behalf of Foreign Institutional Investors,” RBI said in a release.
Also, it said Kajaria Ceramics has crossed limit of 24
per cent of its paid-up capital for investment by FIIs.
Therefore, no further purchases of shares of this
company would be allowed through stock exchanges in India on behalf of FIIs,”
it added.
Foreign Institutional Investors (FIIs),
Non—Resident Indians (NRIs), and Persons of Indian Origin (PIOs) are allowed to
invest in the primary and secondary capital markets in India through the
portfolio investment scheme (PIS).
Under the scheme, FIIs/NRIs can acquire
shares/debentures of Indian companies through the stock exchanges in India.
Telugu actor Srihari passes away
Telugu film actor Srihari passed away at a private hospital in Mumbai on Wednesday.
The actor, who was last seen in Ram Charan-starrer Toofan (Zanjeer), is survived by his wife Shanthi and two children.
Reports say that Srihari who has not been doing well of late, died while undergoing treatment in the hospital. Born on August 1, 1964, Srihari was a versatile actor and has also played as lead actor in several films.
No comments:
Post a Comment