FRIDAY, N0VEMBER 7 - 13, 2014 • 8 Pages www. enritimes.com 5 Mumbai, Maharashtra ( 6 Rest of India) FOR NATIONAL & OVERSEAS PLACEMENTS Registration WITH THE RNI UNDER No. 69111/98 Registered No. MH/MR/NORTH EAST/96/2012-2014 Mumbai GPO Patrika Channel • Posted: Friday-Saturday ○ ○ ○ • UAE Dh2 BF200 OB200 KF150 QR2 EMPLOYMENT & NRI TIMES ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ For news contact: [email protected] Phone: 67241622 / 662 /employment & nritimes EXCHANGE RATES As on 6th November, 2014 (In rupees) Currency US Dollar Pound Sterling Swiss Franc Euro Saudi Riyal Bahrain Dinar Kuwait Dinar Qatar Riyal UAE Dirham Omani Riyal Buying 57.25 91.40 59.25 71.50 15.17 151.57 174.55 15.64 15.50 147.77 Selling 64.80 103.45 68.09 80.90 17.58 173.19 217.23 17.92 17.76 168.58 Rates are subject to change without notice. Errors & Omissions excepted. Jer arghese F orex Bureau Jerrr y V Varghese Forex GANDHINAGAR: The US will officially partner the ensuing Vibrant Gujarat summit in January 2015. This comes close on the heels of PM Narendra Modi’s visit to the US in Sept this year. The US has become the eighth nation to partner the summit along with Japan, Canada, UK, Holland, Australia, Singapore and South Africa. There were just two partner countries for the summit in 2013. Modi’s elevation as PM has added to the buzz around the biennial summit he launched in 2005 Russian Deputy Prime Minister Dmitry Rogozin had discussions with Prime as Gujarat CM. DelegaMinister Narendra Modi in New Delhi. tions from about 120 countries are to participate in the event. While most nations had confirmed their partnership prior to the last Lok Sabha elections, the US is the latest entrant with the event just two months away. Modi will attend the summit which has been clubbed with the Pravasi Bharatiya Divas celebrations to mark the 100th year of Mahatma Gandhi’s return from South Africa. Saurabh Patel, state government spokesperson, said: “US ambassador to India Kathlene Stephens has confirmed the participation. The US will organise a special country-specific seminar as well as partner the trade show and also showcase a trade booth. The decision is outcome of the meeting between US ambassador and the Gujarat CM. The US India Business Council has been associated with the event and will be bringing CEO delegation to the event. “ NRK global meet NEW DELHI: Hiring sentiment in India will improve in the second-half of 2014-15, with a survey showing that as many as 88pc of employers are willing to hire more people on expectations of better economic conditions, said a report released by consulting firm TeamLease Services. Global economic trends and domestic demand have propped up business and employment sentiment, said the TeamLease Employment Outlook Survey for October 2014-March 2015. While 91pc of respondents said the business outlook for the period had improved, 88pc felt the employment outlook had brightened. The report comes soon after labour bureau data showed that employment in key manufacturing and export-oriented industries had risen to a 15-month high in June quarter. Companies in India added 1.82 lakh jobs PANAJI: With only days left for the opening of the exposition of the sacred relics of St Francis Xavier, Old Goa is getting a decadal spruce up in which a huge number of NRIs and PIOs are set to participate. As the D-day for 44day- long exposition approaches, various agencies are working at breakneck pace to prepare the area for the expected five million pilgrims and tourists who are expected to throng Old Goa to venerate the relics of the “Goycho Saib”. The area around the Basilica of the masses. Bom Jesus and the Se CaAll this is happening at thedral in Old Goa is un- a hectic pace and officials claim they will have everything ready by Nov 20, two days before the Nov 22 inaugural, a deadline that appears to be a pretty tight and dicey task. Convener of the committee for the exposition Fr Alfred Vaz said that the BJP government had promised to complete all the infradergoing a face-lift by way structure work by Nov 20. of new facilities that inBehind the Se Catheclude temporary shelters dral , about 100 temporary for pilgrims, toilets, park- sheds crowned with cocoing facilities, upgradation nut thatched roofs give the of roads and pandals for (Contd. on page 2) PIO invents easy remittance service LONDON: A Londonbased Indian origin entrepreneur has launched a unique “pay-what-youwant” money remittance service that abolishes compulsory fees. India-born Rajesh Agrawal believes his Xendpay online platform will save customers in the developing world Agrawal £60 million over the next five years. India is the largest recipient of remittances in the world with US$ 71 billion sent last year. World Bank figures show global migrants last year sent home 250 billion pounds in remittances to developing countries – with an eight per cent increase predicted for 2014. “It is a social imperative that the cost of sending money (Contd. on page 2) in the three months to the number in the preceding three months, according to the data. Employers had added 36,000 fewer jobs in the March quarter from the preceding quarter. In comparison, they had hired 86,000 more in the quarter ended 30 June 2013. According to the TeamLease Services report, the business outlook looks robust for the financial services , infrastructure, IT, and telecom sectors. Among the cities, the busi- ness sentiment is strongest in Delhi (25pc), Mumbai (+14pc) and Pune (+20pc). Still, despite a 14pc improvement in business sentiment, the hiring outlook for the infrastructure sector seems to be weak. “From a sector perspective, with almost all the sectors indicating a positive swing in the business sentiment, the business atmosphere in the upcoming half-year is expected to be exuberant (Contd. on page 2) THIRUVANANTHAPURAM: The Kerala government will organise a Non-Resident Keralites (NRK) global meet at Kochi on Jan 16 and 17, 2015. The event will will be held at Le Meridian Hotel. The last such event was held after the Oommen Chandy government assumed office in 2011. About 1000 delegates are expected this time and Union MOIA Minister Sushma Swaraj is likely to inaugurate the event. “The online registration will begin soon and the fo- NEW DELHI: With 5.5 lakh posts in police force lying vacant across the country in various states, the Centre has asked all states to fill up the vacancies in a time-bound manner, preferably within a year, as the crime graph is soaring gradually. In separate letters to chief secretaries and DGPs of all states and union territories, Union Home Secretary Anil Goswami said the number of cognisable IPC crimes in the country has gone up to 26,47,722 in 2013 from 21,21,345 in 2009 and provision of adequate manpower in state police forces is one of the pre-requisites to arrest such a trend. “In view of the aforesaid, may I request you to initiate a time-bound action plan to fill up the existing vacancies in the state police preferably within a period of one cus is to get maximum participants from the European countries. There will be separate registration fees for participants from India and abroad,” the official said. In a study conducted by Centre For Development Studies last month, the number of Kerala emigrants was 23.63 lakh in 2014, while the figure was 22.81 lakh in 2011, 21.93 lakh in 2008, 18.38 lakh in 2003 and 13.62 lakh in 1998. The study also said that 90pc of the Keralites are based in various MidEast countries. year,” he wrote in the letter. The highest 1,01,100 posts of police personnel are lying vacant in UP followed by 45,191 in Gujarat, 38,725 in West Bengal and 32,247 vacancies in Andhra as on Jan 1, 2013.Quoting Bureau of Police Research and Development records, Goswami said against the 22,09,027 sanctioned posts in police forces in the country, there are 16,60,666 police personnel as on Jan 1, 2013, leaving 5,48,361 posts vacant. There are also 22,440 vacancies in police force of Haryana, 20,916 in Chhattisgarh, 20,670 in Tamil Nadu, 20,274 in Karnataka, 19,251 in Bihar and 17,352 in Punjab. Goswami asked the state governments to review the existing sanctioned strength of police personnel at all levels in light of crime rate, available (Contd. on page 2) "UUFTUBUJPO & 7JTB4FSWJDFT t'BNJMZ7JTJU7JTB t3FTJEFODF7JTB t(PWFSONFOU7JTJU7JTB t3F&OUSZ7JTB&YUFOTJPO t.VMUJQMF#VTJOFTT7JTJU.JOJTUSZ*TTVFE 7JTB t&EVDBUJPO$FSUJmDBUF"UUFTUBUJPO .&"&NCBTTJFT t1$$BUUFTUBUJPO t Issued from Passport Ofﬁce / Police station. t'BNJMZEPDVNFOUT t Birth certiﬁcate t Vaccination / Polio Immunization Certiﬁcate t Marriage Certiﬁcate t Marriage / Birth Afﬁdavit For UAE, SAUDI ARABIA, KUWAIT, QATAR, BAHRAIN & OMAN [email protected] 0091-22-49140510 313, Dalamal Tower, Nariman Point, Mumbai - 400 001. JVG-Media Modi among world’s most powerful people Prime Minister Narendra Modi made his debut among the world’s most powerful people, ranked 15th on the Forbes list topped by Russian President Putin who pipped his US counterpart Obama for a second year in a row. The list of 72 most powerful people in the world also included the names of Reliance chairman Mukesh Ambani at 36th, ArcelorMittal chairman Lakshmi Mittal at 57th and Microsoft’s India-born CEO Satya Nadella at 64th. On Modi, Forbes said “India’s newest rock star doesn’t hail from Bollywood. He is the newly-elected prime minister who sailed into office in May with a landslide victory, ushering the BJP into power after decades of control by the Gandhi dynasty.” Forbes described him as a “Hindu nationalist”. New aviation policy soon Prime Minister Modi said the government would soon come out with a new civil aviation policy and that railways had identified 20 projects in 10 sectors for foreign direct investment. Modi, who chaired a high-level meeting on infrastructure, said states would be made partners in working out the viability of the proposed new international airports and maintaining them in their territories.The PM expressed satisfaction over the beginning of work for Pakyong airport in Sikkim. He said with the opening of a second route for Kailash Mansarovar Yatra and the thrust of Sikkim as an organic state, the airport would cater to rising demand for air services. Modi did not list the 20 projects identified for FDI in railways, the first after the government allowed 100pc FDI in railways. No takers for flats in cities The stagnant property market has led to the highest-ever unsold stock of 815 million sq ft of residential space across six cities at the end of the Sept quarter this year, said a Liases Foras report . Cumulative sales were down 25pc from the previous quarter, making it the lowest since 2009. The real estate research firm said investors have moved out of the property market and are pumping their money into equities, which is giving higher returns. “This is the highest-ever unsold inventory in the history of India’s residential market. Prices have peaked not only in Mumbai, but across the country,” said Pankaj Kapoor, MD of Liases Foras. Last year, the unsold stock was 711 million sq ft. These ready but vacant flats could take as much as four years to sell. The regions surveyed in the report include the Mumbai Metropolitan Region (MMR), the National Capital Region (NCR), Bangalore, Hyderabad, Chennai and Pune. They contribute around 70pc of the total apartments built in India. Banks asked to send cheque alerts To clamp down on cheque-related fraud cases, RBI has asked banks to alert account holders by a phone call and contact the base branch in case of nonhome cheques before clearing high value payments. RBI also asked banks to send an SMS alert to payer/drawer when cheques are received for clearing and examine cheques under UV lamp for clearance beyond Rs 2 lakh. The central bank further said multilevel checking should be done before clearing cheques above Rs 5 lakh. US to partner Vibrant Gujarat - 2015