Employment exchanges to be modernised

October 7th, 2009 KOLKATA - In a bid to encourage jute production, Textiles Minister Dayanidhi Maran Wednesday pushed for hiking the minimum support price paid for the golden fibre by Rs.300 per quintal, nearly 22 percent over the present Rs.1,375 paid to farmers. "The ministry of textiles is working with the industry.

October 5th, 2009 SEC OKs rules for canceling erroneous stock tradesWASHINGTON — Federal regulators have approved new rules for stock exchanges for nullifying erroneous trades deemed wildly out of sync with current prices. The Securities and Exchange Commission said Monday the new rules allow an exchange to consider canceling, or "breaking," a stock trade only if the price in question exceeds the preceding sale price by more than a certain amount.

September 30th, 2009 NEW DELHI - Commodity exchanges in which foreign holding has exceeded permissible levels will get time till March to bring down the excess foreign holding, the government said Wednesday. The earlier deadline ended Sep 30.

September 22nd, 2009 Allianz to delist from NYSE, other exchangesFRANKFURT — German insurer Allianz SE said Tuesday it will abandon its listing on the New York Stock Exchange, and others, to reduce complexity. The Munich-based company said it has already filed a written notice to the NYSE and that it would inform exchanges in London, Milan, Paris and the Swiss Exchange in due course.

September 17th, 2009 NEW DELHI - The government Thursday gave its approval to the proposed amendments in the India-Saudi Arabia air service agreement. Both sides had held talks earlier and agreed Jan 23, 2008 to modernise the air service agreement signed in 1973 to boost bilateral trade and promote tourism.

September 17th, 2009 NEW DELHI - The government Thursday gave its approval to the proposed amendments to the India-Saudi Arabia air service agreement to help enhance bilateral trade and promote tourism. The provision of the incorporation of multiple designation clause has been agreed.

September 15th, 2009 MUMBAI - The Power Exchange India Limited (PXIL) on Tuesday launched its longer duration power products for the Indian power market at a function in Mumbai. These 'Weekly' and 'Day-Ahead Contingency (DAC)' products will enable the market players in the Indian power market to buy and sell electricity up to a month in advance.

August 20th, 2009 NEW DELHI - President Pratibha Patil, Prime Minister Manmohan Singh and other leaders paid homage to former prime minister Rajiv Gandhi on his 65th birth anniversary Thursday, joining his widow and Congress president Sonia, their son Rahul, daughter Priyanka and son-in-law Robert Vadra at Rajiv Gandhi's memorial Veer Bhumi here. Hymns from all religions were sung at the memorial in his remembrance.

July 6th, 2009 NEW DELHI - A new project for the modernization of the employment exchanges is to be launched in Public Private Partnership. Announcing this while presenting the Union Budget in Parliament today, Finance Minister Pranab Mukherjee said that this would enable a job seeker to register on-line from anywhere and approach any employment exchange.

June 24th, 2009 NEW DELHI - The government will spend Rs.1,100 crore (Rs.11 billion) annually till 2012 to provide subsidies and upgrade technology to the textile sector, Textiles Minister Dayanidhi Maran said here Wednesday. The Technology Upgradation Fund Scheme (TUFS), which was launched to improve competitiveness and overall long term viability of the industry, has been extended till March 31, 2012.

June 22nd, 2009 GANGTOK - Union Minister of State for Information Technology Sachin Pilot Monday said Sikkim has potential to emerge as an IT and BPO hub and assured that all 450 villages in the state will have telephone and broadband connectivity soon. "The exchanges in all the villages of the state's 26 blocks will be brought under the telecom and broadband network soon," Pilot told IANS here.

April 3rd, 2009 NEW DELHI - China and the United States will resume military exchanges that were suspended last November. Foreign Ministry spokesman Qin Gang said on Thursday that President Hu Jintao and his US counterpart Barack Obama reached the agreement at their first meeting on Wednesday, one day before the G20 summit in London.

February 23rd, 2009 RAIPUR - Chhattisgarh provided employment of just 35 days per household on an average in fiscal 2007-08 under the National Rural Employment Guarantee Scheme (NREGS) that ensures 100 days of employment in a financial year to any registered rural household. 'Employment is to be provided within 15 days of demand under the NREGS.

January 23rd, 2009 JAMMU - The Confederation of Indian Industry (CII) is setting up a skills development centre in Jammu and Kashmir, a state that has around 300,000 jobless youth who are often targeted for recruitment by militant outfits. CII director general Chandrajit Banerjee said they would establish the centre in partnership with the state government on an investment of Rs.1 crore (Rs.10 million) in various skill development initiatives.

January 14th, 2009 NEW DELHI - India will have one of the most modernised meteorological departments in the world by 2014, a central minister said here Thursday. Speaking at the India Meteorological Department's (IMD) 134th Foundation Day, Union Minister for Science and Technology Kapil Sibal said: 'The central government has set in motion the process to make IMD one of the most modernised departments in the world and this could be achieved by 2014.' The IMD has taken up new initiatives for massive modernization and upgradation of equipment, computing facilities, technology, services and human resource development.