Ministry of Labour & Employment and Cygnus Ujala group signed a Memorandum of Understanding (MoU) in New Delhi today, marking a significant step toward enhancing employment accessibility in healthcare sector.
This highlights a joint commitment to leveraging the National Career Service (NCS) portal for boosting job opportunities. This is the first healthcare group which is directly getting associated with NCS & it will provide a boost to the healthcare job opportunities on NCS.
MoU is initially set for a period of 2 years. Under this agreement, Cygnus Ujala Group and its 3rd party staffing agencies involved in hiring for Cygnus will regularly post job vacancies on the NCS portal and conduct hiring through it. The Job seekers using the NCS portal will gain access to more health care job opportunities in the portal especially in Tier 2 and 3 cities.
In a historic move to address long-standing disparities in pension benefits, India launched the One Rank One Pension (OROP) scheme, a decision that would change the lives of its military veterans. For years, veterans had fought not just on the battlefield, but also for equal recognition in their post-service lives, particularly when it came to pension benefits.
As OROP completes the 10 years in 2024, it is essential to reflect on the immense benefits the scheme has brought to the armed forces community.The scheme directly benefits the ex-servicemen and their families by ensuring that the pension gap between current and retired personnel is bridged periodically. The successful implementation of OROP was done in 2014.
By the time of the 16th Lok Sabha and under the leadership of Prime Minister Narendra Modi, the government decided to honor the demands of ex-servicemen. The 2014 Budget allocated ₹1,000 crore for its implementation, and after extensive consultations, the Government Order was passed on November 7, 2015, covering all personnel who had retired until June 30, 2014.
The OROP scheme has benefitted over 25 lakh veterans and their families, bringing much-needed financial security to the ex-servicemen community. The scheme has not only improved the standard of living for retired military personnel but has also ensured greater dignity for their service to the nation.
In line with the vision of a Viksit Bharat and a digitally enabled economy, the Ministry of Coal has launched the Mine Opening Permission module on the Single Window Clearance System (SWCS) portal. Single Window Clearance System (SWCS), launched on 11th January 2021, provides a unified platform for obtaining all necessary clearances and approval s required for coal mines.
The Mine Opening Permission module, a key feature, simplifies and accelerates the process of securing permission to start new mines or open new coal seams. By allowing online applications and real-time tracking, the platform eliminates manual paperwork, reduces processing time, and enhances transparency and ensured efficiency.
The Australian government has announced plans to introduce legislation to ban children under the age of 16 from using social media, with penalties for platforms like Facebook, Instagram, and TikTok if they fail to enforce it. The groundbreaking legislation comes amid the growing concerns over the impact of social media on young people’s mental health and safety.
Communications Minister Michelle Rowland mentioned that companies could choose their own methods, possibly including biometric scans or age checks. While there will be no penalties for under-16s who access social media or for their parents, platforms that fail to take reasonable steps to block young users could face fines.
US President-elect Donald Trump has appointed his campaign manager, Susie Wiles, as his Chief of Staff, making her the first woman to hold this influential cabinet position, heading the White House executive office. Mr Trump described it as a well-deserved honour to have Ms Susie as the first-ever female Chief of Staff in US history.
The Chief of Staff serves as the gatekeeper for the President, the liaison to Congress and government departments, and plays a key role in steering policy decisions.
The Centre for Development of Telematics (C-DOT), the premier Telecom R&D centre of the Department of Telecommunications (DoT), Government of India has signed an agreement with the C R Rao AIMSCS for the development of " Side Channel Leakage Capture Infrastructure and Analysis (SCLCIA) Solution ".
The agreement is signed under the C-DOT Collaborative Research Program (CCRP) for the Indian start-ups/organizations/research and academic institutions for collaborative development of Side Channel Leakage Capture Infrastructure and Analysis (SCLCIA) led by C-DOT.
C. R. Rao Advanced Institute of Mathematics, Statistics and Computer Science is the first of its kind in the country which is solely focussed on advanced research and applications in the areas of cryptography and information security. The institute has published 380+research papers, prepared many technical reports and developed software tools in the area of Cryptology.
The 3rd edition of joint military Exercise AUSTRAHIND commenced at Foreign Training Node, Pune in Maharashtra. The exercise will be conducted from 8th to 21st November 2024. Exercise AUSTRAHIND is an annual event conducted alternatively in India and Australia. Last edition of the same exercise was conducted in Australia in December 2023.
The Indian contingent comprising 140 personnel will be represented mainly by a battalion of the DOGRA Regiment and 14 personnel from the Indian Air Force. The Australian Army contingent comprising 120 personnel will be represented by the 13th Light Horse Regiment of the 10th Brigade of 2nd Division.
Aim of Exercise AUSTRAHIND is to promote military cooperation between India and Australia through enhancement of interoperability in conduct of joint sub conventional operations in semi-urban environment in semi-desert terrain under Chapter VII of the UN mandate. The exercise will focus on high degree of physical fitness, joint planning and joint tactical drills.
Deutsche Bank has infused ₹5,113 crore into its India branch operations to fund its growth plans in the country, according to a statement. With India at the top from a global investment perspective, Deutsche Bank said it is aiding growth in digital transformation, sustainable finance, technology, and infrastructure development.
Over the last decade, the bank has significantly increased its capital investments, tripling the capital base for Deutsche Bank Group in India.
Kaushik Shaparia is the CEO of the Deutsche Bank Group, India.
The Reserve Bank of India (RBI) has expanded the list of specified Government securities that non-residents can invest in under the Fully Accessible Route (FAR) by including 10-year Sovereign Green Bonds. The central bank has decided to designate SGrBs of 10-year tenor to be issued by the Government in the second half of the fiscal year 2024-25 as ‘specified securities.
This comes in the wake of Indian Government Securities(G-Secs)being included in JPMorgan Chase’s benchmark Emerging Markets Bond Index Global Diversified (GBI-EM GD) index starting June 28, 2024.The RBI, in consultation with the Government, had introduced a separate channel – FAR -- in 2020 to enable non-residents to invest in specified Government of India dated securities.
Eligible investors can invest in specified Government securities without being subject to any investment ceilings. These investors include Foreign Portfolio Investors (FPIs), Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs) and other entities permitted to invest in Government Securities under the Debt Regulations.
As per the indicative calendar for issuance of Government dated securities, including Sovereign Green Bonds, for the second half of the fiscal year 2024-25 (October 01, 2024 to March 31, 2025), the Government will raise Rs. 6.61 lakh crore. Out of this, the Government will mop up Rs. 20,000 crore via four SGrB issuances (two of 10-years tenor and two of 30-years tenor).
Real estate tycoon Abhishek Lodha and family transferred an 18.09 per stake in their listed entity Macrotech Developers Ltd to the group's philanthropic initiative, taking a leaf out of the Tatas. Macrotech Developers is one of the leading real estate developers in the country, selling properties under the Lodha brand.
According to regulatory filings, the promoters, Abhishek Lodha and family, have transferred 18 crore shares in Macrotech Developers to Lodha Philanthropy Foundation (LPF), a non-profit organisation that uses all its income and assets solely for national and social causes.
The Reserve Bank of India (RBI) has, by an order dated November 08, 2024, imposed a monetary penalty of ₹59.20 lakh (Rupees Fifty-Nine Lakh and Twenty Thousand only) on South Indian Bank Limited (the bank) for non-compliance with certain directions issued by RBI on ‘Interest Rate on Deposits’ and ‘Customer Service in Banks’.
The Statutory Inspection for Supervisory Evaluation (ISE 2023) of the bank was conducted by RBI with reference to its financial position as on March 31, 2023. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard.
Markets regulator Sebi cautioned investors against undertaking trading activities through virtual trading or gaming platforms and asked them to deal only through registered intermediaries. Such activities are in violation of Securities Contract (Regulation) Act, 1956 and Sebi Act, 1992 which are laws designed to protect investors, the regulator said.
The advisory statement came after the Securities and Exchange Board of India (Sebi) noticed that some apps /web applications / platforms are offering virtual trading services or paper trading or fantasy games to the public based on stock price data of listed companies.
Cautioning investors, Sebi asked them not to engage with or undertake investment or trading activities through un-registered intermediaries/web applications/platforms/apps. Participation in unauthorized schemes, including sharing of confidential and personal trading data, is at the investors' own risk, cost and consequences, as such schemes/platforms are not registered.
