I am very happy to be here for the North Eastern Council Plenary meeting. I also take this opportunity of welcoming you all to this meeting. I hope that the deliberations that have already taken place since yesterday and further deliberations that we have today, will help in faster development of this region. I am also happy to note that the North Eastern Council has provided support in the development of the North East region. It has been instrumental in establishment of a number of institutions and taking up infrastructure projects in the region. The North Eastern Council was s…more »
Air Marshal Pankaj Aneja VSM, Air Officer Commanding-in-Chief (AOC-in-C), Maintenance Command, Indian Air Force arrived at Air Force Station Tughlakabad, a premier Base Repair Depot (BRD) under Maintenance Command, on 26 May 2016 on a two days visit. This was his first visit to BRD, after assuming Command as AOC-in-C, Maintenance Command. AOC-in C, MC was received by Air Commodore Yogesh Handa, Air Officer Commanding (AOC), Air Force Station Tughlakabad. On his arrival, an impressive Guard of Honour was presented to the AOC-in-C. The AOC-in-C visited various production wings, calib…more »
The President of India, Shri Pranab Mukherjee has extended his greetings and felicitations to the Government and people of the Republic of Azerbaijan on the eve of their Republic Day (May 28, 2016). In a message to His Excellency Mr. Ilham Aliyev, the President of the Republic of Azerbaijan, the President has said, “On behalf of the Government, the people of India and on my own behalf, it gives me great pleasure to convey cordial greetings and felicitations to you and to the Government and people of Azerbaijan on the occasion of your Republic Day. India and Azerbaijan enjoy warm a…more »
The President of India, Shri Pranab Mukherjee has extended his greetings and felicitations to the Government and people of the Federal Democratic Republic of Ethiopia on the eve of their National Day (May 28, 2016). In a message to His Excellency Mr. Mulatu Teshome, the President of the Federal Democratic Republic of Ethiopia, the President has said, “On behalf of the Government, the people of India and on my own behalf, it gives me great pleasure to convey to you and to the people of the Federal Democratic Republic of Ethiopia, warm greetings and felicitations on the occasion of y…more »
Following is the full text of the statement to media by the President of India, Shri Pranab Mukherjee upon the conclusion of his State visit to the People’s Republic of China (May 24 to 27, 2016). The statement was made on board the aircraft during the President’s return to New Delhi from Beijing today (May 27, 2016): “I have just concluded my State visit to the People’s Republic of China from May 24 -27, 2016. My delegation included Shri Santosh Kumar Gangwar, Minister of State (IC) of the Ministry of Textiles, four Members of Parliament representing major political parties and di…more »
The President of India, Shri Pranab Mukherjee will present the Malti Gyan Peeth Puraskars for the year 2016 on May 29, 2016 at a function to be held at Rashtrapati Bhavan. The Malti Gyan Peeth Puraskar was instituted by Mohinder Singh Syngle Education & Research Society in honour of its founder Smt. Malti Mohinder Singh Syngle, eminent educationist and social worker. Every year Government school teachers from Punjab Government’s High & Higher Secondary Schools receive this award for their contributions in the field of education. The award carries Rs. one lakh, certificate of excell…more »
The Cochin Port celebrated ‘Port Day’ on 26.05.2016 with a business meeting for the exporters and importers and agencies, among other programmes. Sri Paul Antony, Chairman of the Cochin Port till 16th May, 2016 was the Chief Guest. He recalled the great efforts in bringing up the Cochin Port to its present situation of achieving Rs. 70 crores of operational profit in the just concluded financial year. He thanked the organizations like Customs, Immigration, Sales Tax and Motor Vehicle department for their co-operation in achieving the targets. He urged all the Port users to make best …more »
Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), Minister of State (Independent Charge) for Youth Affairs and Sports, MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh inaugurated the two day Plenary Meeting of North Eastern Council (NEC) in Shillong today, which is being attended by Governors and Chief Ministers of all the eight States of North Eastern region. Among those present were Shri Jyoti Prasad Rajkhowa, Governor of Arunachal Pradesh, Shri Padmanabha Balakrishna Acharya, Governor of Nagal…more »
The Ministry of Human Resource Development (MHRD) has reviewed the recent amendment to the UGC (Minimum Qualifications for appointment of teachers and other academic staff in universities and colleges and measures for the maintenance of standards in higher education) Regulations, 2010. Consequent on the review, the Ministry has issued a direction to the UGC, under Section 20(1) of the UGC Act, 1956, to undertake amendments in the Regulation. After these amendments are carried out, the position regarding workload will be as follows:- (i) In the UGC (Minimum Qualifications for appoi…more »
The Defence Minister Shri Manohar Parrikar released a booklet, here today (26.05.2016), highlighting the efforts made by Department of Defence Production in the last two years in pursuance of self-reliance in defence sector. It is a compilation of the achievements of the Department of Defence Production in the field of indigenous production of weapon systems/platforms and policy initiatives undertaken in the past two years. With the launch of Make in India portal in September 2014 by the Government, the focus has been to improve the business environment by easing processes to do bus…more »
The NCC Girls Mt. Everest Expedition Team has successfully scaled the world’s highest peak on May 21 and 22, 2016. They scaled the peak after dividing themselves into two teams, where the first team led by the Expedition Team Leader Col Gaurav Karki, reached the summit on May 21, 2016 and the second team led by Lt Col Vishal Alhawat reached the top on May 22, 2016 making it a first ever successful expedition by the NCC Girls Team. This is an extraordinary achievement as all ten girl cadets of the expedition team are between the age group of 17 and 21 years. Earlier, the team led by…more »
The Indian Coast Guard ship ‘Arush’, the seventeenth in the series of twenty Fast Patrol Vessels (FPVs), designed and built by M/s Cochin Shipyard Limited, was commissioned today (26.05.2016) at Kochi by the Coast Guard Commander (Western Seaboard) Additional Director General SPS Basra. Addressing the function, the ADG SPS Basra termed the FPVs as the work horses of Coast Guard. The flag officer also dwelt upon the fast paced development of the Indian Coast Guard and acknowledged its efforts to face the emerging security challenges in the maritime domain. He emphasised the importan…more »
Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), Minister of State (Independent Charge) for Youth Affairs and Sports, MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh inaugurated the two day Plenary Meeting of North Eastern Council (NEC) in Shillong today (26.05.2016), which is being attended by Governors and Chief Ministers of all the eight States of North Eastern region. Among those present were Shri Jyoti Prasad Rajkhowa, Governor of Arunachal Pradesh, Shri Padmanabha Balakrishna Acharya, Gove…more »
The Press Information Bureau has created a special webpage which is a one-stop information source for the Media on the initiatives and achievements of the NDA Government at the Centre in the last two years. The webpage is linked on the main page under the icon “Transforming India” – “DeshBadalRaha Hai”. The Webpage has information on achievements in the last two years, Ministry-wise as well as Sector-wise. All the important Cabinet decisionsin the last two years of the NDA Government have also been provided on the special webpage chronologically. *The webpage can also be directly ac…more »
NITI Aayog is inviting applications from eligible schools/ organisations and individuals to apply for the three major schemes under Atal Innovation Mission: (a) establishing *tinkering laboratories *in schools (b) establishing *new incubation centres *and (c) *scaling-up established incubation centres.* To foster creativity and scientific temper in students, Atal Innovation Mission (AIM) will establish 500 Atal Tinkering Laboratories in schools. It will provide one time establishment grant-in-aid of Rs. 10 lakh for establishing Atal Tinkering Laboratories (ATL) in schools (grade VI –…more »
In a major policy initiative concerning Central Government advertisements on online platform, the Ministry of Information & Broadcasting has framed guidelines and criteria for Empanelment of suitable agencies and Rate fixation for advertisements on websites. The aim of the guidelines is to devise principles and instruments to streamline the release of Government advertisements on websites. The policy emphasizes that only websites which are owned and operated by companies that are incorporated in India will be considered for empanelment by Directorate of Advertising & Visual Publicity…more »
I thank you for your kind words of welcome. I am delighted to be here today at this prestigious institution of higher learning. The Peking University is world renowned for the erudition of its scholars and inspired leadership. I greatly value this opportunity to meet the members of its management and faculty – and to see you, the future leaders of China, your bright smiles radiating energy and confidence. This university has, throughout its proud history, welcomed international scholars and fostered close relationships with institutions in the neighbourhood and beyond. Its contribut…more »
The President of India, Shri Pranab Mukherjee delivered a lecture at Peking University today (May 26, 2016) on the topic “India-China Relations: 8 steps to a people-centric partnership”. Addressing the gathering, the President said at a time of global economic uncertainty, India and China, despite the pressure of having 40 per cent of the world’s human population, have managed to maintain unity and growth. The joint contribution of the two countries to world economy as well as regional and global stability, cannot be underestimated. India and China are poised to join the ranks of l…more »
The President of India, Shri Pranab Mukherjee attended at Peking University today a Round Table of Vice Chancellors and heads of higher education institutions of India and China. He received reports from representatives of both sides on the discussions and witnessed the exchange of ten MOUs for cooperation between the institutions of higher learning of India and China. Addressing the gathering, the President said India and China are poised to play a significant and constructive role in the 21st Century. The President said as far back as the 6th Century, seats of higher learning li…more »
At the outset I would like to thank the Peking University and Ministry of Education of the People’s Republic of China for hosting this Round Table. I was very interested to hear the presentations of select academic leaders from both countries and the outcomes of their deliberations. The themes on which you have focused your discussions, are vital for the future of university education in both our countries. They represent the current focus of academic communities world wide – and are an area where the academic community in both China and India could collaborate to great mutual bene…more »
India’s largest e-commerce firm Flipkart.com has deferred by six months the joining date for graduates of the Indian Institutes of Management (IIMs) to whom it made job offers, as the company looks to cut costs amid a funding crunch. The move may hurt Flipkart’s brand image as an employer during campus hiring in the years to come. The prestigious IIMs are considered the most important recruiting ground for companies. As per reports, Flipkart, which has been struggling to raise fresh funds, has slashed hiring along with spending on discounts and marketing. Apart from hiring a few senior leaders, Flipkart has reduced hiring to a trickle over the past two months in order to save costs. The delay in joining dates could impact the relationship between B-schools and Flipkart, an email from the office of IIM-Ahmedabad’s chairperson to Flipkart co-founder Mr. Binny Bansal and human resources head Mr. Nitin Sethi said. The e-commerce firm had made 17 job offers at IIM-Ahmedabad. He also demanded that Flipkart give a written commitment that these students will be absorbed by December. The B-school also requested that either the period of deferment be lowered or the compensation for deferment be increased.
In yet another high-profile exit from a start-up, chief product officer at Snapdeal Mr. Anand Chandrasekaran has quit the company less than a year of joining it. Mr. Chandrasekaran was technically the third-in-command at the online marketplace. Snapdeal’s co-founder Mr. Rohit Bansal confirmed the news on Twitter. According to sources, Mr. Chandrasekaran might start a new venture and is on the verge of setting up a team to do that. “He might launch a new company or be part of the founding team of one. However, details are being kept under wraps,” said a source. A Snapdeal spokesperson said Mr. Chandrasekaran has done some stellar work on the product side. “His insights and attention to detail have helped us traverse quickly towards launching and improving products at Snapdeal. We wish him the very best for his entrepreneurial journey ahead.” The last one year has seen a large number of high-profile executives in the Indian start-up ecosystem putting in their papers. Reasons ranged from starting new ventures to lack of job satisfaction. Flipkart has in the last few months lost a number of its top management hands, including Myntra co-founder and the third most powerful executive at the company Mr. Mukesh Bansal, chief product officer Mr. Punit Soni and chief business officer Mr. Ankit Nagori.
Payment solutions company PayU India said it has appointed Bharti Airtel’s former executive Mr. Sachin Singhal head of consumer business. In the given role, Mr. Singhal will be responsible for designing effective business strategies and bring in growth, PayU India said in a statement. The company had recently partnered with IndusInd Bank to bring the full suite of consumer banking products online and powering the same through payment innovations and online eco-systems enabled by PayU. “We will continue to build strong relationships with banks and bring out products which will largely impact the Indian online payment space,” Mr. Singhal said. The consumer business category will aim at unifying Indian banking services with latest fin-tech innovations by PayU and create a shift in the way banking and payments is done in India, the statement said. “Mr. Sachin Singhal brings valuable industry knowledge and experience to PayU India which will help us design effective business strategies and more innovative solutions for our consumers and help PayU grow its presence,” PayU India CEO and co-founder Mr. Nitin Gupta said. Mr. Singhal joins PayU India with over a decade of experience in business and technology. During his stint with Bharti Airtel, he led the channel marketing and mobile Internet growth. An alumnus of IIT Delhi and IIM Ahmedabad, he has also worked at One97 and Tradus.com.
With an eye on retaining women employees, more companies are tweaking their maternity benefit policies, including increasing the mandatory three-months paid leave to six. Interestingly, companies are changing leave policies not just in the event of childbirth, but also surrogacy and adoption. Broadcaster Sony Pictures Network is the latest to join the bandwagon following the footsteps of companies such as Accenture, Airtel, Flipkart, Godrej and Tata Sons, which incorporated changes in their HR policies to curb attrition among women and also to increase gender diversity. Sony Pictures has introduced initiatives to make the company more women-friendly. SPN’s ratio of female employees to the overall employee population stood at 32.2 per cent during 2015-16 fiscal year. The media conglomerate has made amendments to its maternity leave policy with an increase in the quantum of paid maternity leave. This policy is also applicable to women who wish to opt for adoption or surrogacy. The duration of paid leave that can be availed for maternity has been increased from 12 weeks to six months. SPN has made special provision for a Mother’s Room, where a new mother can pump and store milk for her baby while at work. “Women form an integral part of our workforce. Our policies are geared towards encouraging women at SPN to develop their careers and essay leadership roles while playing a key part in supporting their families,” said Mr. NP Singh, CEO, Sony Pictures Networks India. The company also has a paternity policy applicable for its male employees for a period of five working days or 84 calendar days in case of a single male parent (adoption).
Indian Institute of Management Bangalore (IIMB), at the 31st position, is the only Asian Management School to be ranked in the prestigious ‘2016 SCM World University 100’ survey by SCM World. IIMB has been ranked alongside universities like University of Michigan, Massachusetts Institute of Technology, Stanford University, INSEAD, University of Texas at Austin, among others. “We are proud to be ranked in the 2016 SCM World University’ ranking. IIMB started the Supply Chain Management Centre (SCMC) over a decade ago, sensing the need for an effective mechanism to promote closer and enduring industry-institute collaboration. The distinguished faculty line-up and high quality research in different aspects of supply chain management at SCMC have been instrumental for this achievement,” said Professor Raghavan Srinivasan, Director Incharge, IIMB. IIMB has been actively pursuing Supply Chain Management as a major area of teaching and research. The SCMC at IIMB has carried out dedicated research, teaching and consulting activities in different aspects of Supply Chain Management covering logistics management, inbound/outbound transportation, network design, modeling and optimisation, partnership and negotiation, information technology and e-commerce and end-to-end Supply Chain Management strategies. The ranking is based on survey data collected from over 2,000 supply chain professionals.
Infosys, India’s second largest outsourcer currently has 54 employees who earn annual salaries of at least Rs 1 crore, the company said in its annual report. Going by the information, the number of crorepati employees is three times higher than the figure of 18 two years ago. The number, however, stood at 113 last year but it was mainly on account of the one-time bonuses and high incentives the company had handed out to many of its key executives. Infosys had also given out-of-turn promotions and bonuses to thousands of its employees which in turn helped the company make a strong comeback, witnessing the highest growth rate among big IT companies. According to the company’s annual report, Infosys currently has 260 employees who earn over Rs 60 lakh per annum, as compared to 200 in the previous year. The report further stated that the number of crorepati employees may fall in the next financial year as six such employees have quit Infosys, including chief financial officer Mr. Rajiv Bansal, whose annual salary was Rs 10 crore. Infosys CEO Mr. Vishal Sikka took home Rs 49 crore salary in FY16, as compared to Rs 4.56 crore in the financial year 2015-16. The company’s chief operating officer UB Mr. Pravin Rao received Rs 9.28 crore salary this year, which is almost 1.5 times higher than his Rs 6 crore salary last year.
As many as eight woman directors have been appointed to the boards of public sector banks (PSBs) in the last six months, as the government looks to adhere to regulations that mandate companies to have at least one woman director. The Securities and Exchange Board of India (Sebi) issued the directive in February 2014, asking all listed companies to adhere to the rule by October 1, 2014. The deadline was, however, extended by six months to March 31, 2015. Despite the extended deadline, several state-owned lenders failed to comply. At present, there are 11 women directors on boards of state-owned banks, who are either nominees of the Reserve Bank of India (RBI) or the government, according to Prime Database. Of them, in the last six months, the finance ministry directly appointed three directors as its own nominees — Ms. Sindhu Pillai (UCO Bank), Ms. Vandana Jena (Syndicate Bank) and Ms. Mudita Mishra (Indian Bank). “Public sector banks have huge responsibilities and it may take time to follow this rule, but the government has started appointing women officials its own nominees as and where it can,” said an official source. State Bank of India (SBI) and Punjab National Bank (PNB) already have women chiefs — Ms. Arundhati Bhattacharya and Ms. Usha Ananthasubramanian, respectively. Ms. Bhattacharya is, however, slated to retire in September. The SBI chairman is on the boards of four banks, including SBI, and three of its subsidiaries. Finance and corporate affairs minister Mr. Arun Jaitley has said that the government will take strict action against companies that do not adhere to the Sebi directive.
As Apple CEO Mr. Tim Cook spoke of plans to expand manufacturing operations in India, China apprehends that it could lead to possible exodus of Apple production chain and loss of tens of thousands of jobs, Chinese state-run media said. “It seems the time has come for China to consider whether it is ready for the possible exodus of Apple Inc’s production chain,” said an article referring to Mr. Cook’s comments during his India tour. Mr. Cook had discussed with Prime Minister Mr. Narendra Modi the “possibilities of manufacturing”. “Mr. Cook shared Apple Inc’s future plans for India. He spoke of the possibilities of manufacturing and retailing in India. He appreciated the breadth of young talent in India and said the youth have significant skills which Apple would like to tap,” an official statement had said. “Mr. Cook’s words have prompted a heated discussion in China. Wage increase has apparently eroded China’s labour competitiveness, resulting in the departure of a number of manufacturing businesses. Now people are wondering if Apple will be the next one,” the Global Times said. Apple’s decision could affect the jobs of tens of thousands of Chinese workers. However, a see-saw battle between China and India over the technology giant is not the only solution, it said. It is natural that Apple would want to move its manufacturing base from China to another Asian nation to lower production costs. In fact, before Mr. Cook’s words, some major Apple suppliers such as Foxconn had already announced plans to expand their business in India,” the report said. China may need to promote the development of more local manufacturers and encourage them to move to less-developed central and western regions where labour costs are lower, it said.
Not many may find luck this year in getting hired by an IT company. In 2015-16, the Indian IT industry created about 2 lakh jobs, lower than the initially estimated 2.75 lakh jobs. This fiscal hiring may be even lower. The big four Indian IT companies added 67,000 plus employees in the last fiscal, a 10 per cent increase over the previous year. But, in their forecast for the current fiscal, all of them have indicated a slower addition to their headcount. A tough economic condition in global markets has been weighing on the performance of IT vendors of late. This has led to revenue growth slipping for IT vendors in recent quarters. For India’s largest IT player as well as employer, TCS, the revenue growth (constant currency) in 2015-16 dropped to 11.9 per cent from 17 per cent in 2014-15. With clients cutting back discretionary spends, it has been a tough year for all Indian IT companies. The going is likely to get tougher with increasing competition from their MNC peers, who have built stronger capabilities around high end services such as consulting and newer technologies such as cloud and big data. Double digit growth for Indian players will be increasingly hard to come by. Nasscom too has lowered its 2016-17 growth estimates for the IT industry to 10-12 per cent (in constant currency terms) after 12.3 per cent growth in 2015-16. Many Indian IT service companies are increasingly using more automotive tools in IMS and BPO service lines resulting in better productivity and lower manpower requirement.
Oil giant Shell is cutting “at least 2,200” more jobs as part of cost cutting measures, designed to cope with the persistently depressed price of oil. The cuts will include the loss of 475 jobs in the company’s operations in the UK and Ireland. “These are tough times for our industry and we have to take further difficult decisions to ensure Shell remains competitive through the current, prolonged downturn,” Mr. Paul Goodfellow, Shell’s vice president for UK & Ireland, said in statement. That “prolonged downturn” saw Shell’s profits slump by 80% to just $3.8 billion (£2.6 billion) in its full year results in February. Mr. Goodfellow continued: “The reductions we’re announcing in Aberdeen are part of a global programme of job reductions in Shell. Last year, in response to the oil price downturn, we made the tough but necessary decision to remove 7,500 Shell staff and direct contractor roles and this has now been completed. Separately, as previously announced, a further 2,800 global staff reductions were initially identified as part of the BG integration, which is now well underway.”
British lender HSBC announced a consolidation exercise under which it will almost halve its branches in the country to 26 as customers shift to digital alternatives for their banking transactions. The exercise will also lead to over 300 jobs being affected, which is less than one per cent of its total workforce of over 33,000 people in the country, and “redeployment opportunities will be accorded to the affected employees”, the bank said. “A key priority is the fair treatment of our staff and we will do everything we can to assist affected employees during this business transition. Redeployment opportunities will be accorded to the affected employees,” it said in a statement. The total number of branches will be coming down to 26 in 14 cities from 50 in 29 cities earlier, with a bulk of the impact in smaller centres. It added that the impacted branches account for only 10 per cent of the customer base in the country. The reduction in branches is due to customers’ adoption of digital solutions, it said. “This change reflects changes in customer behaviour, who are increasingly using digital channels for their banking,” the bank said.
Microsoft Corp said it will trim down its smartphone business by cutting 1,850 jobs, most of them in Finland, and write down $950 million from the operation. The U.S. Company, which entered the phone business in 2014 by buying Finnish firm Nokia’s handset unit, said it would “streamline” its smartphone business and close down its research and development site in Tampere, Finland. Microsoft said it will continue to develop Windows 10 Mobile platform and support its Lumia smartphones, but declined to say whether it would develop new phones. “We are focusing our phone efforts where we have differentiation,” said chief executive Mr. Satya Nadella in a statement. “We will continue to innovate across devices and on our cloud services across all mobile platforms.” Earlier this month, Microsoft divested its entry-level feature phones business for $350 million.
Mobile phone giant Nokia is to cut more than 1,000 jobs in Finland, the company announced as part of cost-cutting measures following its merger with Alcatel-Lucent. Once the world’s top mobile phone maker, Finland’s Nokia has been crushed by Samsung and Apple in the smartphone and tablet market in recent years, but earlier this month said it was returning to the fiercely competitive field. Nokia last month said it expected some 1,300 jobs to go in Finland, but the number announced in a statement was slightly lower, at 1,032. The company is targeting 900 million euros ($1 billion) of savings per year starting in 2018 and further redundancies are expected around the world. In its first earnings announcement since the deal with French-American rival Alcatel-Lucent, Nokia reported a first quarter net loss of 513 million euros ($583 million) earlier this month. The company, just three days back, said that it was about to re-enter the mobile handsets business. Nokia Technologies had said that it has granted HMD global, a newly founded company based in Finland, an exclusive global license to create Nokia-branded mobile phones and tablets for the next ten years. While HMD will focus on new devices that will carry the Nokia brand name and run on Google’s Android OS, Foxconn’s subsidiary FIH Mobile Limited will manufacture, sale and distribute Microsoft’s feature phones. Microsoft is believed to have sold the portfolio to Foxconn after the last quarter alone saw a 46 percent drop in phone revenue, slightly better than the 49 percent drop in the quarter before that.
Jubilant FoodWorks, the parent firm of Domino’s Pizza in India, has come up with a programme because of which one can expect differently-abled employees in the company’s managerial roles in the coming years. As a part of the programme, the company plans to have one differently-abled worker in tier-1 city outlets with 25 or more employees, said Mr. Biplob Banerjee, executive VP (HR and CSR), Jubilant FoodWorks. Jubilant FoodWorks is now one of the several companies in the country that want to hire people with disabilities and train them for managerial roles. IBM India, for example, has four-hour sessions for senior employees, making them aware about unconscious bias while also stressing on the need to include more differently-abled employees in the workforce. “Differently-abled employees bring in a diversity of thought to the organisation, and hiring such persons is a business imperative for us, not a CSR activity,” said Mr. DP Singh, vice-president of HR (India/South Asia) at IBM. EY India hires differently-abled talent through the Ability Foundation in Chennai, and the whole process is governed by a special mechanism. Other companies that in the recent past have come up in favour of hiring differently abled staff include Infosys, Dell, IBM, HCL and Accenture.
Singapore’s largest lender Development Bank of Singapore has denied reports about its expansion plans, saying it was not outsourcing about 1,500 jobs to India. “To be clear, DBS is not relocating its existing tech operations to another location, nor does it have such plans,” “DBS Asia Hub in Changi Business Park (in Singapore) continues to be the group’s largest tech hub anywhere in the world, supporting its digital strategy,” said the bank. The group said the report, which triggered a reaction from netizens on Twitter and Facebook, was probably the result of its announcement in India earlier last week that it is setting up a technology hub in Hyderabad, which will be the biggest outside of Singapore, with plans to recruit 1,500 people for the facility over the next two years. “The new tech centre in Hyderabad is an addition to DBS’ operations as the bank expands,” it said in a statement. A spokesman said the bank hired 600 people in Singapore last year, bringing its total headcount here to 10,300. “DBS continues to hire in Singapore across different functions, including in technology,” the spokesman was quoted as saying.
The command economy did not allow farmers the freedom to grow as much corn as they wanted; instead, they had to grow as much as the government told them to grow or else they would not be allowed to grow corn again.
The Ministry of Youth Affairs and Sports has approved financial assistance for 80 days training to Ms Krishna Poonia under Mr. Mac Wilkins at Olympic Training Center, Chula Vista, California, USA. Financial assistance from the National Sports Development to the tune of USD 14000 per month for two months’ training has been sanctioned. This sanction is against the projected training expenses of USD 19300 per month (including USD 3000 per month as coaching fee), as per the invoice, plus air travel, visa, insurance etc. Courtesy:pib.nic.in
The National Welfare Fund for sports persons was set up in March, 1982 with a view to assisting outstanding sportspersons of yesteryears, who had brought glory to the country in sports, now living in indigent circumstances,. The scheme was last reviewed and revised in July 2009. Scheme of National Welfare Fund of Sportspersons has been reviewed again and has been revised extensively. Under the revised Scheme, amount of annual income for being eligible for getting financial assistance from the Fund has been raised from the existing Rs. 2 lakh to Rs. 4 lakh. Scope of the Scheme ha…more »
In a demonstration of its operational reach and commitment to India’s ‘Act East’ policy, the Indian Navy’s Eastern Fleet, under the command of Rear Admiral SV Bhokare, Flag Officer Commanding Eastern Fleet, sailed out today, 18 May 16 on a 2½ month long operational deployment to the South China and North West Pacific. During this overseas deployment, the ships of Eastern Fleet will make port calls at Cam Rahn Bay (Vietnam), Subic Bay (Philippines), Sasebo (Japan), Busan (South Korea), Vladivostok (Russia) and Port Klang (Malaysia). Indigenously built guided missile stealth frigates…more »
The depression over southwest Bay of Bengal moved north-north eastwards at a speed of 10 kmph during past six hours, intensified into a deep depression and lay centred over west central and adjoining southwest Bay of Bengal at 0830 hrs IST of today, the 18th May, 2016 near latitude 13.3º N and longitude 81.0 ºE, about 170 km south-southeast of Nellore. The system is likely to move north-north eastwards along and off Andhra Pradesh coast and intensify further into a cyclonic storm during next 24 hours. Thereafter it is likely to move north eastwards along and off north Andhra Pradesh…more »
The Annual Conference of Relief Commissioners and Secretaries of the Departments of Disaster Management of States and Union Territories was organized by the Ministry of Home Affairs here today. The Conference was convened primarily to review the status of preparedness for dealing with any natural disaster that may arise due to South West Monsoon 2016. The Conference was inaugurated by Shri Rajiv Mehrishi, Home Secretary. Shri R.K. Jain, Member, National Disaster Management Authority addressed the participants. Representatives of 27 States, 6 Union Territories, National Disaster R…more »
Minister of Railways Shri Suresh Prabhakar Prabhu in his Rail Budget Speech of 2014-15 announced that New Delhi – Chandigarh Corridor will be upgraded for increasing the speed of passenger trains to 160/200 kmph. Ministry of Railways of the Republic of India had already signed an MoU with the French National Railways (SNCF) on dated : 14.02.2013 on technical co-operation in various fields of Railways. One of the areas of co-operation mentioned in the MoU is regarding exchange of experience, technologies & know-how for upgrading speed on existing infrastructure of Indian Railways. To …more »
The President of India, Shri Pranab Mukherjee will inaugurate an Intelligent Operations Centre (IOC) in Rashtrapati Bhavan and launch a Mobile App ‘Monitor’ for transformation of President’s Estate into a smart township at a function to be held at Rashtrapati Bhavan tomorrow (May 19, 2016). The IOC is a software solution designed by IBM which helps collect and make sense of the rich data streaming in from several sources within the Estate to provide intelligent insights. It offers integrated data visualization, near real-time collaboration and deep analytics that will help agencies…more »
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, was apprised of the joint issue of UN Women HeForShe postage stamp. A Memorandum of Understanding (MoU) has been signed between Department of Posts and United Nations Postal Administration (UNPA) in February, 2016 for this purpose. In this Joint issue, the stamps were printed in the form of sheetlet of 20 se-tenants and Miniature Sheet of two stamps on the occasion of International Women’s Day. UN Women HeForShe campaign is a solidarity movement for gender equality that brings together one half of humanity in su…more »
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has given its approval to the proposal for offering an improved Voluntary Retirement Scheme (VRS) package based on 2007 notional pay scales for the employees of Hindustan Vegetable Oils Corporation (HVOC). The Government assistance will be in the form of non-plan grant of approximately Rs.27.56 crore to the company. HVOC is a Central Public Sector Enterprise (CPSE) under the Department of Food and Public Distribution, Ministry of Consumer Affairs, Food and Public Distribution. The employees …more »
The Union Home Secretary Shri Rajiv Mehrishi inaugurated the Annual Conference of Relief Commissioners/Secretaries of the Department of Disaster Management of States/UTs here today. The status of preparedness for South West Monsoon, 2016 is being reviewed with the participating central agencies and states and UTs. Shri Mehrishi said that the disasters or adversities are increasing in number and intensity in the country ranging from earthquakes, draughts, floods, forest fires among others and there is a need for better preparedness and putting comprehensive improved risk reduction/m…more »
The President of India, Shri Pranab Mukherjee has given an interview to CCTV ahead of his visit to China from May 24 to 27, 2016. In the interview, the President has said “India always believes that every country should have a zero tolerance policy towards terrorism and the fight should be all out. India and China both huge countries-multicultural, multiracial-if they come together in fighting this menace, I am sure it will have its own impact”. Excerpts of the interview can be seen at http://english.cctv.com/2016/05/18/VIDEAG8tte6hD0VITklVnZoB160518.shtml Courtesy:pib.nic.in
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, was apprised of the decision taken by the Empowered Apex Steering Committee (EASC) that Princess Park Complex would be the suitable site for construction of the National War Museum. As regards the National War Memorial the same would be constructed at ‘C’ Hexagon of India Gate as approved by the Cabinet in its meeting held in October, 2015. Courtesy:pib.nic.in
The Union Home Secretary Shri Rajiv Mehrishi will inaugurate the Annual Conference of Relief Commissioners and Secretaries of the Department of Disaster Management of States/UTs tomorrow in New Delhi. The Annual Conference will review the status of preparedness for South West Monsoon, 2016 and discuss other Disaster Management related issues. Representatives of concerned Central Ministries/Organizations rendering Emergency Support Functions, scientific organizations associated with forecasting officers of the Armed Forces and Central Armed Police Forces will participate in the Con…more »
The Empowered Institution (EI), under the Government of India’s Scheme for Financial Support to Public Private Partnerships (PPPs) in Infrastructure, met here today (17.05.016) for its Seventy-First meeting. The Meeting was chaired by the Additional Secretary (Investment), Department of Economic Affairs, Ministry of Finance and approved Viability Gap Funding (VGF) support to two projects of the Government of Rajasthan. One project, in the Road Sector for Development and Operation of Chomu Chandwaji – Highways Project, was granted in-Principle approval while the other project, in the…more »
In pursuance of the Budget Announcement 2016-17, the Government has constituted a five Member Committee to comprehensively review and give recommendations on the FRBM roadmap for the future. The composition of the FRBM Review Committee is as follows: (i)Shri N.K. Singh, Former Revenue Secretary & Expenditure Secretary &Former Member of Parliament(Rajya Sabha) : Chairman (ii)Shri Sumit Bose, Former Finance & Revenue Secretary: Member (iii)Dr. Arvind Subramanian, Chief Economic Advised (CEA) : Member (iv) Shri Urijit Patel,Deputy Governor,RBI: Member (v) Shri Rathin Roy, Dire…more »
Statutory ULBs lead to planned urban development, enhanced revenues ; entitled to Central assistance W.Bengal has 780 Census Towns, Kerala-461, Tamil Nadu-376, Maharashtra-279, UP-267, MP-112 Ministry of Urban Development has asked 28 States to take immediate and necessary action to convert 3,784 Census Towns into statutory Urban Local Bodies to promote planned urban development. Shri Rajiv Gauba, Secretary (Urban Development) in a letter to the Chief Secretaries of these States has highlighted the need for statutory Urban Local Bodies for planned and coordinated infrastructure deve…more »
Government has issued directions to ensure that athletes get timely supplements and consistently high quality food during their preparations for Rio Olympics, 2016. The directions were given by the Union Minister of State for Youth Affairs & Sports, Shri Sarbananda Sonowal after his surprise visit to the Sports authority of India’s Netaji Subhash National Institute of Sports (NSNIS), Patiala yesterday to take stock of the facilities being provided to the athletes preparing for the Rio Olympics 2016. The Minister directed that the Athletics Federation of India be contacted and food s…more »
Most States in favour of NEET; will soon decide on implementation issues: J P Nadda “Most States are in favour of NEET in- principle. However, some States have expressed that there are some logistic issues that are impeding its implementation, and therefore they have desired for some more time”. This was stated by Union Minister of Health & Family Welfare Shri J P Nadda after he met the Health Ministers from various States to hear their views on issues related to NEET, here today(16.05.2016). Shri Nadda stated that he had fruitful discussion with the Health Ministers from many St…more »
*During 2015-16, farmers produced **160.35** million tonnes of milk- Shri Singh* *At present, dairy sector is growing at the rate of 9.59 per year.* *America, Brazil, Australia and other countries are importing Indigenous Indian milch animals to develop heat resistant species.* *Odisha and Karnataka have been granted Rs. 2 crore each for marketing of A – 2 type milk.* *Rs. 582.09 crore have been allocated for 35 proposals under the National Gokul Mission.* *States have been granted permission to establish 14 Gokul Grams.* Shri Radha Mohan Singh, Union Agriculture and Farmers Welfare Mi…more »
The President of India, Shri Pranab Mukherjee received the first copies of books “Tagore’s Vision of the Contemporary World” and ‘Tagore and Russia” today (May 16, 2016) at a function held at Rashtrapati Bhavan. The President received the two books from Prof. Lokesh Chandra, President, ICCR who formally released them. Speaking on the occasion, the President said that he was happy to receive the first copies of these two books containing proceedings of seminars organized in 2011 by the Indian Council for Cultural Relations (ICCR). He complimented the ICCR on the initiative and for i…
… that today is Eiffel Tower Dedication Day? The Universal Exposition opened in Paris on this day in 1889, marking the completion and dedication of the Eiffel Tower. Once regarded with skepticism, the Eiffel Tower is now considered an architectural wonder and attracts more visitors than any other paid tourist attraction in the world.
Today’s Inspirational Quote:
“Those who cannot change their minds cannot change anything.”