Maharashtra to give jobs to CWG Medallists

The Maharashtra government Wednesday decided to offer Class 1 government jobs to all Commonwealth Games medallists from the state.

Sportspersons from the state have bagged 11 medals -- four gold, four silver and three bronze -- so far.

Additionally, all Games medallists from the country will be given complimentary passes for two for the Deccan Odyssey, a luxury train covering major tourist destinations of the state.

"We are proud of the achievements of all the medal winners, especially those from the state," Maharashtra Chief Minister Ashok Chavan told mediapersons Wednesday afternoon.

The Games medallists will also be honoured by the state government at a public function, he added.

Besides the job offers, the state government has also announced cash prizes of Rs.10 lakh, Rs.7.5 lakh and Rs.5 lakh to gold, silver and bronze medallists respectively.

Several corporates, trusts and private organisations too have announced prizes for the medallists.

As of Oct 13, the state had 11 medallists -- 10 women and one male. They are:

Gold:

Rahi Sarnobat of Kolhapur (Shooting)
Anisa Syed of Pune (Shooting, two gold)
Narsinh Yadav of Mumbai (Wrestling)

Silver:

Rahi Sarnobat of Kolhapur (Shooting)
Tejaswini Sawant of Kolhapur (Shooting, two silver)
Madhurika Patkar of Thane (Table Tennis)

Bronze:

Tejaswini Sawant of Kolhapur (Shooting)
Suma Shirur of Raigad (Shooting)
Kavita Raut of Nashik (Athletics)

Source: economictimes.indiatimes.com
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Commonwealth Games: India gets 30 Gold Medals

India equaled its best ever performance in the Commonwealth Games bagging a gold in athletics. With this the Gold medal tally has gone upto 30. India had achieved this feat in the 2002 Manchester games for the first time.

In Athletics, there was surprise in store as Krishna Poonia of India won the gold in women’s discuss even as the hosts won all the three medals.

In boxing, Olympic bronze medalist Vijendra Singh suffered a shock defeat in 75 kg category.


Suronjoy Singh, Manoj Kumar and Paramjeet Somata have entered the finals in their respective weight categories.

Jai Bhagwan, Amandeep Singh and Dilbagh Singh lost their bouts and had to settle for bronze.

Tejaswini Sawant said she had hoped to win more than a bronze in the competition.

In Skeet pairs shooting, Mairaj Ahmad Khan and P Allan Danials finished fifth. The Gold in this event was won by Cyprus.

In Badminton, India’s Saina Nehwal and Aditi Mutatkar have advanced to the quarter-finals of the Women’s Singles event. Saina defeated Caroline Black of Nigeria, 21-0,21-2 while Aditi defeated Kirsty Gilmour of Scotland 21-11, 21-17.

In Rugby, India lost its Rugby sevens match against Wales by 7-53.

In Weightlifting, one gold will be decided today, in men’s 105 plus Kilogram weight category. Sarabjit carries the Indian medal hopes in this event.

In Women’s Hockey, India defeated Canada 3-nil in a final classification match.

In Table-Tennis, Indian duo, Sharad Kamal and Shubhjeet Saha have entered the Men’s Doubles quarter-finals by defeating Australia’s Justin Henn and Shimon Gerreda.

With five more bronze today India continues in second position with 30 Gold, 23 Silver and 28 Bronze. Australia continues to head the table with a total haul of 62 gold, 40 silver and 39 Bronze. England has 26 gold, 47 Silver and 34 bronze.

Meanwhile, the New Delhi 2010 Commonwealth Games has been hit by a doping controversy in the same 100 meter Women’s event that earlier saw the disqualification of Australia’s Sally Pearson who was stripped off her medal for a false start.

A Nigerian gold medalist of women’s 100 meters Oludamola Osayomi was tested positive in dope Examination. In the dope test methyle hexalimine stimulate was found. Addressing the customary press conference at Main Press Center, the President of the Games Federation Mr Michael Fennel said the athlete tested positive has requested for ‘B’ sample test and the hearing will be held later today.

The Athletics Federation of Nigeria, President Solomon Ogba told a website that, the Nigerian athlete took medication for her toothache and they strongly suspect that it was the reason that led to her failed drug test.

The Organizing Committee Chairman, Suresh Kalmadi today said Big video Screens will be put up during road events including Marathon and Cycling events along with the route. He said cycling events will be held at Noida- Greater Noida Expressway and all arrangements have been completed.

Indian players will also be seen in action in Table-tennis and Squash tonight.


Source: mizoramexpress.com

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India create 200 Call Centre Jobs in Scotland

An Indian call centre company is to create 200 new jobs in Scotland, it has been announced.

HEROtsc will base the posts at locations in Larbert, near Falkirk, and in Kilmarnock, East Ayrshire, following government support of £850,000.

The firm already employs more than 1,600 staff at seven call centres across the country.

The announcement was made by First Minister Alex Salmond during a visit to the Commonwealth Games in Delhi.
Mr Salmond confirmed the news following a meeting with HERO Group management.

He said: "This announcement demonstrates the skills and expertise of the workforce in Scotland which will enable HEROtsc to significantly extend its reach across European markets.

"I was hugely impressed by the staff I met when I visited HEROtsc's Scottish headquarters in Larbert earlier this year and I am sure that the business can continue to build on its current success and reputation for high quality service."

The £850,000 awarded to HERO is in the form of Regional Selective Assistance grants made through Scottish Enterprise.

Earlier, Mr Salmond spoke of Scotland's strong links with Asia and his aim of developing closer economic links.

"We have one of the most thriving Asian communities in the world - food, the arts, business and religious tolerance and diversification have all benefited enormously from the 35,000 Indian people who call Scotland home," he said.

"As an emerging global economic power, India is an essential partner for Scotland."

The first minister said 11 Indian companies had made investments of £700m in Scotland during the past five years, employing more than 3,200 people.

An estimated 4,000 Indian students also study at Scottish colleges and universities.

It was also announced on Monday that a new business partnership was being set up to help Scottish companies expand into India.

Athletes visit :
The Scotland India Business Organisation will provide practical and administrative support to firms who spot development opportunities.

Mr Salmond's trip will run until Thursday's closing ceremony for the 2010 Delhi Commonwealth Games, during which the official handover to Glasgow will take place.

The city is due to host the next Games in 2014.

During a visit to Team Scotland on Monday, Mr Salmond met newly-crowned gold medallists Jocelyn Rae, Jennifer McIntosh and Kay Copeland, as well as bronze medallist David Millar, the women's hockey team and wrestlers Donna and Fiona Robertson.

He said: "I've had a fantastic time at the athletes' village, the medals for Team Scotland are coming thick and fast and our athletes are getting a heroes' reception wherever they go.
"Morale is extremely high, the atmosphere is great and the athletes are really enjoying themselves representing their country.

"They are making Scotland extremely proud and I wish them continued success for the remainder of the Games."

Source: bbc.co.uk

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Obama to Act Against Outsourcing Jobs

Indian industry is due to suffer a major blow, as President Obama is getting ready to end the tax break for companies who are outsourcing jobs overseas.

He accused opposition republicans, of putting politics before economy and encouraging companies to outsource jobs and profits to other countries.

He was speaking during a mid-term campaign in Ohio Wednesday. He emphasized that the tax breaks should go the companies whObama to Act Against Outsourcing Jobso create jobs in America. He also vowed that he would allow Bush era tax-cuts to expire for the people who earn more than $250,000, which the tax-cuts would be extended for the people who earn less.

He is also determined to push a new $350 billion plan to recover a failing economy which includes tax cuts for business to write off 100% new investments and to purchase new equipments. White House officials estimate as result of this plan, 1.5 million companies will benefit and it will be largest temporary investment incentive in American History.

He also highlighted a new proposal for the investment in infrastructure and also for extending tax credits for new research and development to businesses.

He emphasized that the difference between the vision of republican and democratic is of vision. While Bush era, allowed tax-cuts to be given to companies, who outsourced jobs and profits to other countries. While he is going to encourage companies, who will retain jobs and profits in America.

He also urged the Senate to pass the small business job bill that is stalled due to the differences between Republican and Democratic differences.

It should be noted that a major part of profits of Indian IT and BPO Jobs comes from outsourced jobs and services of American companies.

Source: indianviral.com

US loses 54,000 Jobs, Obama Promises New Package

WASHINGTON, USA: As the US lost 54,000 jobs last month, President Barack Obama promised a new package of ideas next week on job creation and lashed out at Republicans for blocking a legislation to help small business.


Obama's renewed criticism of opposition Republicans came in the wake of Friday's release of new unemployment figures showing a rise from 9.5 percent to 9.6 percent in August.
Economic recovery in N.America slipping.

Most of the job losses in USA, however, came from the public sector as the government cut 114,000 temporary census workers according to the Labour Department. Private businesses added 67,000 jobs to their payrolls.
August was the eighth straight month that businesses added jobs, following nearly two straight years of job losses. So far this year businesses have added 763,000 workers to payrolls.
"That's positive news," Obama said at the White House, flanked by his top economic advisers. It "reflects steps we've already taken to break the back of this recession."

"I don't regret the notion that we are moving forward ... because of the steps that we've taken," he told reporters. "The key point I'm making right now is that the economy is moving in a positive direction. ... We just have to speed it up."

But he warned, "There's no quick fix to the worst recession we've experienced since the Great Depression."

Senate Republicans, he said, were responsible for a "needless delay" in the passage of legislation designed to increase bank loans to small businesses.

Specifically, the measure would set up a $30 billion lending fund to help community banks offer small businesses credit. It also would provide tax breaks to small businesses that invest in new equipment and hire unemployed workers.

The House of Representatives passed a similar bill in June. Republican opposition has focused, among other things, on the cost of the measure.
Republicans lashed back at the president, blaming him for what most observers still characterise as a weak recovery.

In a statement, Republican National Committee Chairman Michael Steele said, "With 54,000 more Americans finding themselves out of work this month and unemployment rising to 9.6 percent, President Obama's 'Recovery Summer' has ended right where it began, with Americans continuing to lose their jobs and unable to find new ones."

India invested to Created 60K jobs in USA

India, often accused by American politicians of hijacking jobs from "Buffalo to Bangalore", has actually created about 60,000 jobs in the US in the last five years with investments topping $26.6 billion, says a new study.

These investments included 372 acquisitions worth $21 billion by 239 Indian companies and 127 greenfield investments worth $5.5 billion between 2004 and 2009, said the report, "How America Benefits from Economic Engagement with India", released on Tuesday by Congressman Jim McDermott.

The joint study by University of Maryland, India-US World Affairs Institute and Federation of Indian Chambers of Commerce and Industry (FICCI), pointed out that the 127 greenfield investments where a parent company starts a new venture from the ground up, also created 16,576 jobs in the US.

The top three destination states for greenfield investments were Minnesota, Virginia and Texas and the top three states in terms of jobs created were Ohio, Texas, and California, the report said.

Software and IT services sector, another bone of contention among US politicians, actually received less than 15 per cent of total Indian investment, and the bulk of investments went into mining, manufacturing and other industries, the report noted.

The five US industrial sectors that received the most greenfield investment were metals, software and IT services, leisure and entertainment, industrial machinery, equipment and tools and financial services, accounting for almost 80 per cent of total greenfield investment in the US.

Five states that attracted the most investments through mergers and acquisitions (M&A) by Indian companies accounted for 75 per cent of total deal value: Georgia, New Jersey, Michigan, California, and Texas.

The five leading US sectors receiving M&A investments from India were manufacturing, IT & IT enabled services, biotech, chemicals and pharmaceuticals, automotive and telecom - for a total of 83 percent of total deal value.

The bulk of M&A investments by India Inc in the US were in manufacturing and other industrial sectors, rather than in services for which India is well known.

The value of US acquisitions by Indian companies fell in 2008 and then again in 2009 even more steeply, a result of the worldwide recession, the study noted.

"It is, however, interesting to note that greenfield investments rose through 2008, achieving their highest level that year, and then registered a decline in 2009, though the decline was not as steep as for acquisitions," it said.

"This is possibly because making a greenfield investment is a longer-term decision, while acquisitions are often opportunistic and accomplished relatively more quickly."

The study follows a move by US President Barack Obama to end tax incentives to US companies that ship jobs overseas from "Buffalo to Bangalore" through outsourcing, and instead giving incentives to those creating jobs inside the US.

"We will stop letting American companies that create jobs overseas take deductions on their expenses when they do not pay any American taxes on their profits," Obama had said in his State of the Union speech.

A 2004 Goldman Sachs report had forecast that nearly six million US jobs would be shifted overseas to low-wage countries like India.

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