world’s oldest living Olympian 2014 Harvard Business School competition 2014, All India Football Federation,
- President Pranab Mukherjee conferred gallantry awards 2014 on 55 defence personnel for their distinguished service and bravery.
- Union Law Minister Kapil Sibal said that the government will name a judge for investigating the Gujarat snoopgate scandal news before May 16.
- Four Indians are among the winners of a Harvard Business School competition 2014 that awards prizes worth over $3,00,000 to new and innovative business and social impact startups conceptualized by the US institution's students and alumni.
- All India Football Federation (AIFF)2014 has expressed its interest to host the AFC Under-16 Championship Finals in 2016.
- As below normal monsoon fears looms large this year, Punjab power utility PSPCL has decided to buy 2000 MW of power to ensure sufficient energy supply to farmers for paddy sowing and meeting rising demand from domestic and commercial consumers in summer.
- I-League runners-up East Bengal have signed Nigerian goal machine Ranti Martins for the next two seasons.
- India`s ace trap shooter Manavjit Singh Sandhu jumped to the third spot in the latest International Shooting Sports Federation (ISSF) world rankings, thanks to his gold at the World Cup in Tucson, Arizona.
- Indian-American Manish Shah has been confirmed by the U.S. Senate as a federal judge in Illinois.
- Walter R Walsh, an FBI sharpshooter who was the world’s oldest living Olympian 2014, has died. He was 106.
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Employment News 13 October 2013
The Annual Meetings, which generally take place in September-October, have customarily been held in Washington for two consecutive years and in another member country in the third year.
The Board of Governors of the World Bank Group (WBG) and the Boards of Governors of the International Monetary Fund (IMF) normally meet once a year to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness.
The Annual Meetings are chaired by a Governor of the Bank and the Fund, with the chairmanship rotating among the membership each year. Every two years it elects Executive Directors. Each year any new members are welcomed into the Bank and Fund.
The Inaugural Meeting of the Boards of Governors was held in Savannah, Georgia, USA in March 1946. The first Annual Meetings were held in Washington in 1946.
Google unveils monorail in its offices
Sydney Monorail cars in its offices there. Just to be clear, these monorail cars do not zip around the offices like a trolley delivering snacks and shuttling nerds to meetings.
They're being set up as meeting rooms, complete with TVs and air conditioning.
Google had purchased two old monorail cars.
The cars were installed earlier this week for, in the Sydney Morning Herald's estimate, the cost of around $250,000.
India asks WB and MDBs to ensure infra dev finance
India has asked World Bank and other Multilateral Development Banks to create special windows for ensuring finance for infrastructure development which should include provision to help projects that face a sudden scarcity of funds due to volatile capital flows.
Special windows need to be created in the World Bank and other Multilateral Development Banks (MDBs) for ensuring finance in support of infrastructure development, including provision of finance for ongoing projects which face a sudden scarcity of funds owing to volatile capital flows," Finance Minister P Chidambaram said during his intervention at the G-20 meeting of finance ministers in Washington on Friday.
The aim of such a provision should be to create mechanisms which can increase the flow of infrastructure financing at times when other investments are slowing down.
Welcoming the proposal to set up a new and dedicated financing facility called the Global Infrastructure Facility at the World Bank to serve the financing needs for infrastructure, particularly in emerging and developing economies, he said.
Google wants people to put their name, photo in ads
Google wants your permission to use your name, photo and product reviews in ads that it sells to businesses.
The internet search giant is changing its terms of service starting November 11.
Google said Friday that the name and photo you use in its social network, Google Plus, is the one that would appear in the ad.
Google has said the social network has 390 million active users per month.
Google's move follows a similar proposal by Facebook. The social network in August said it would show users' faces and names in ads about products they clicked to "like.
That proposal was criticized by privacy groups. They asked the Federal Trade Commission to look into the matter, which the agency said it did as part of routine monitoring of privacy practices.
Google is expected to soon launch the Nexus 5 smartphone and Android 4.4 (KitKat) operating system. While most details about the smartphone are already known from leaked photos and rumours, the tech community is largely in the dark about the new features that the upcoming version of Google's mobile OS will bring to the table.
Life insurance cover for HIV-AIDS patients from April 1
The HIV-AIDS patients can look forward to life insurance cover from April 1, 2014.
ii. The Insurance Regulatory and Development Authority (IRDA) will be making in mandatory for insurers to offer insurance cover for people living with HIV/AIDS.
On the health insurance side, IRDA said: “With respect to persons who are HIV negative at the date of commencement of the contract and subsequently found to be HIV positive during the term of the policy, the insurers shall not reject/deny any claim, on such grounds.’’
first CEO of the India’s all women bank Usha Ananthasubramanian
The goal of all Women's Bank is to support women in the country, said Usha Ananthasubramanian,
Usha, citing a research surveyed by a firm in 128 countries, said the status and economic empowerment of women in our country is very low as compared with some other countries. Improving the status and the livelihood of women is the single most important way in improving the standard of living, she said.
The bank will help in supporting women by giving advice and in a sustainable way. When women's income increases, it will improve significantly in the society as well, Usha said.
After starting with one branch in each banking region, the bank will expand to 500 branches by the fourth year of operation.
Recently, Finance Minister P Chidambaram identifies Usha Ananthasubramanian, executive director of Punjab National Bank, to be the chief executive of Bhartiya Mahila Bank, which will launch its operations from November with six branches.
About Usha Ananthasubramanian
Usha started her career in 1982 at Bank of Baroda as a specialist officer in the planning stream. She holds a dual master's degree - in statistics from the Madras University and in ancient Indian culture from the Mumbai University.
First US Sikh soldier gets corporal rank
Twenty-nine-year-old Delhi-born Simranpreet Lamba, the US army's only enlisted Sikh soldier, has also now become the first of the community to be promoted to the corporal rank in America in three decades.
Corporal is the 5th rank in the US army, above specialist and directly below sergeant.
Later that year, two Sikh officers, a doctor and a dentist, were allowed to serve in the Army while wearing a beard, unshorn hair and a turban, inspiring him to apply to a combative rank profile.
US army policies since 1984 had effectively prevented Sikhs from enlisting in the soldier rank.
He used petroleum jelly to get a grip between his beard and gas mask, and was able to keep his hair clean under all conditions, meeting the military's concerns about training and appearance.
Lamba hopes his story will encourage other Sikhs to serve, even though the path to US military service might not be an easy one for them.
Lamba, who went to the US in 2006 to finish his education, is thrilled. "I'm a proud US army soldier today. There's nothing about my beard and hair that bars me from doing anything any other soldier would do," Lamba told TOI over phone from the US.
After his January 2009 graduation from New York University with a master's degree in industrial engineering, Lamba had decided to stay in the US and started a career in a private sector.
His enlistment in 2009, however, triggered a nine-month review in which army officials pondered over if he could serve while sporting a turban, uncut hair and a beard.
India will be top export destination for West Asia and North African countries by 2030
India will be the top export destination for West Asia and North African countries by 2030.
According to HSBC's latest Trade Forecast report. By then, the country will be the UAE's top export destination, accounting for 14 percent of exports.
It will also become Saudi Arabia's second largest export destination, accounting for 18.5 percent of exports.
The Regional head of commercial banking of HSBC in the Middle East and North Africa, Tim Reid said that it is no surprise that India is a top five trading partner with each nation in the MENA group.
The Trade Forecast report predicts that India will overtake the United States by 2020 as the world's largest importer of goods for infrastructure.
India is already the top destination for Egypt's exports, accounting for 15.4 percent.
Indian-American actor Kumar Pallana dies at 94
Indian actor Kumar Pallana, who played the memorable role of a janitor in Tom Hanks starrer 'The Terminal' and worked in many Wes Anderson movies, has died.
He was 94.
Pallana was a scene stealer as an Indian janitor who enjoyed watching people slip on his freshly cleaned floors in the Steven Spielberg directed movie.
The actor, who was born on December 23, 1918, died on October 10, according to the Facebook post by his son Deepak.
He was born in India to a car salesman but immigrated to the US in 1946.
Anderson met Pallana as a customer at a coffee shop owned by his son and first cast him in 1996's 'Bottle Rocket'. The actor then went on to do supporting role in the director's 'Roshmore
RBI infuses Rs 19,000-cr liquidity
The Reserve Bank of India infused liquidity aggregating Rs 19,000 crore into the banking system through a seven-day term repo auction on Friday.
This is the maiden term repo auction by the central bank. It announced introduction of this auction, whereby banks pledge excess government securities with the regulator to borrow funds for 7 days and 14 days, on October 7.
Against the notified auction amount of Rs 19,000 crore, the central bank infused Rs 19,001 crore into the banking system, at the cut-off rate of 8.80 per cent.
To borrow funds for seven days, banks put in bids in the 7.60 per cent to 8.96 per cent range, according to a RBI statement.
Banks can borrow up to 0.25 per cent of their deposits under the term repo, provided they have surplus government securities.
While the 14-day term repo of tenor would be conducted every reporting Friday, the 7-day term repo would be conducted on every non-reporting Friday.
30% Indian IT engineers have no skills
Around 30% of CS/IT graduates did not have basic theoretical concepts used in computer programming, while more than 50% did not understand the subtleties of programming concepts, and more than 80% were unable to apply them to real-world situations.
The report, surveyed 55,000 students from all engineering backgrounds across 250 engineering colleges in the country and the analysis was based on the computer-programming module of the Aspiring Minds Computer Adaptive Test, a standardised employability test.
The survey was conducted by Aspiring Minds, an employability solutions company whose tests are used by companies for recruitment purposes.
The rate of production of engineers in India is much greater than any other nation,” the report noted in its conclusion.
But the quality with regards to their programming ability is a matter of deep concern.
The Third Curve: a Book Written by Film Director Mansoor Khan Released
Bollywood actor Aamir Khan on 11 October 2013 released Mansoor Khan’s book The Third Curve: The End of Growth as We Know It at the India International Centre in New Delhi.
Mansoor's book: The Third Curve describes the co-relation between the compulsions of economic growth and the limits imposed on man by nature. The Book also emphasises on the end of growth.
About Mansoor Khan
Mansoor Khan is an alumnus of IIT-Mumbai, Cornell University and MIT, Boston and Bollywood film Director.
Mansoor Khan, son of film maker Nasir Hussain, made his directorial debut with Qayamat Se Qayamat Tak (1988) which launched the career of his cousin Aamir Khan.
Waheed withdraws from presidential race
Maldivian President Mohamed Waheed withdrew from the 2013 presidential election, even as a fresh directive from the Supreme Court on re-registration of voters added uncertainty to holding of polls on October 19.
In the September 7 first round of polls, which was subsequently annulled by the Supreme Court, Dr. Waheed was placed last among four candidates, managing a meagre 5 per cent of votes.
His running mate has since thrown his lot with Maldivian Democratic Party (MDP) candidate Mohamed Nasheed.
India Post Launched International Money Transfer Service- Named Instant Cash'
The India Post on 11 October 2013 launched instant electronic money transfer service in partnership with Wall Street Exchange, (a company of UAE's Emirates Post Group) in New Delhi.
In this regard India Post signed an agreement with Wall Street Exchange for launch of an International Electronic Money Transfer service throughInstant Cash product of the Emirates Post Group.
The service was launched by P. Gopinath, Secretary, Department of Posts, by receiving the first payment from United Arab Emirates.
The features Instant Cash are:
i. Recipients will be able to receive their payment at any of the identified 17500 post offices by producing the unique transaction number along with their identity and KYC documents.
ii. Money will be available for payment immediately.
iii. Safe and secure transactions through established International Financial System of Universal Postal Union.
iv. The service will be rolled out nationally in a phased manner.
v. The service will be provided through the International Financial System (IFS) of Universal Postal Union.
Instant Cash is a wholly owned subsidiary of the Emirates Post Group, and its services are available in 59 countries through more than 60000 location
Oxford University’s staff on strike
Lecturers and high-ranking staff at Oxford University and Oxford Brookes University are edging close to strike action after being offered a 1% pay rise.
Sixty-two percent of its members voted for the action in a ballot after staff were offered the raise which they rejected.
The University and College Union (UCU) that represents lecturers and other staff for both leading Oxford-based institutions.
Strike action has also been supported by ‘Unison’, a major workers’ union in the UK, and the results of a ballot by another union ‘Unite’ are expected to be revealed on Monday.
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