UAE introduces compulsory military service for male citizens
7062014The United Arab Emirates has introduced compulsory military service for all Emirati male citizens. The law signals the UAE’s concern over possible turmoil in the Gulf region. The UAE currently has about 51,000 men serving in its armed forces, including an army of 44,000, a navy of 2,500 and an air force of 4,500, according to data from the London-based International Institute for Strategic Studies.
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Japan omits 640 kg of plutonium in annual IAEA reports
7062014The Japanese government mistakenly omitted 640 kilograms of plutonium in two annual reports for the International Atomic Energy Agency (IAEA), the country’s atomic energy agency said. According to the reports, filed for the years 2012 and 2013, plutonium reserves in the country stood at 1.6 tons, while they were approximately 2.2 tons in 2011. The missing 640 kilograms, however, had actually been kept as Mixed oxide (MOX) fuel in one of the reactors in the southern Japanese town of Genkai. All nuclear power plants were shut down in the country following the March 2011 Fukushima disaster, though the country continues to store fuel from the facilities, prom
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1,000 migrants rescued by Italy’s coastguard
7062014Italy’s navy rescued more than 1,000 migrants from three separate boats early Saturday, 74 kilometers from the Italian island of Lampedusa. On Friday, a further 2,500 were recovered from 17 boats. The small island is a key staging point for smugglers of migrants from North Africa to Europe, and the activity has increased significantly since the beginning of the year. At least 34,800 people had made the crossing from Africa to Italy by May, and attempts are thought to be increasing with the good weather conditions facilitating safer crossings. Thousands have died trying to make the Mediterranean crossing to Lampedusa in recent years.
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Flash floods in Afghan province of Baghlan
7062014Flash floods in Afghan province of Baghlan taken toll of at least 73 people and forced thousands to abandon their homes, police say.
The flooding has been deadliest in the Guzargah-e-Nur district of the province 140km (87 miles) north of the provincial capital Puli Khumri. Police say the dead include women and children. About 200 people are missing.
At least 2,000 homes have been destroyed and roads washed away in what a local official said was a “huge disaster”.
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Pune, June 07, 2014: Hindu Rashtra Sena (HRS) chief Dhananjay Desai has a following of nearly 4,000 youths across Pune district, police sources say.
Pune, June 07, 2014: The Pune police ignored warnings against radical Hindu outfits taking root in the city, said former inspector general of police S M Mushrif on Friday.
Tropical cyclone Nanauk is expected to hit Oman’s coast in the next few days. 
SALVADOR: German ,Portugal match did yielded requisite rhythm for the world class players,spped of euro laden players was quite blended withbountiful of energy,skill and kill for goal although lady luck evadedCristiano Ronaldo but his confidence,to his shots, passes, dribbles through counterparts were subdued by collective best display of German with Thomas stole the show from the beginning.
CURITIBA: -Nigeria and Iran became the first sides to draw at the 2014 World Cup as they played out a turgid 0-0 draw in Curitiba on Monday. Duo side showed much creativity and the final whistle was met by a cacophony of boos from the mainly Brazilian crowd.
” It is heartening to see flurry of activity in the Ministries and corridors of power after a period of prolonged lull. Plans are being prepared, presentations are being made and time bound agenda are being adopted. However, what is being discussed largely comprises of system’s thinking There is a need to engage people from outside the system and the beneficiaries and to ask them what they want as opposed to what was being done for years. We can’t expect different results by doing the same thing over and over again. “ 
When expectations are strong enough, they become self-fulfilling. The argument that as prime minister Modi would face so many structural barriers that he would not be able to accelerate the economy much in the short run, has become much weaker. Within ten days of the election results, expectations of better days have zoomed so much that they could become self-fulfilling. What economists call “animal spirits” have soared in expectation of quick decisions, better governance, and business-friendly policies. 
The MSMEs should get some attention from the new Government at the Centre as indicated by the issues listed by the Finance Ministry received from different sectors of the industry during the pre-Budget consultations done by Finance Minister Arun Jaitley here yesterday. A host of suggestions and demands were received and discussed during the consultations, according to an official release. These included revision of reservation list of items reserved exclusively for manufacture in MSME Sector, discourage import of items produced by low cost machineries through effective taxation policy, monitoring of items relating to MSME Sector, imported from neighbouring countries under SAFTA and stringent action to discourage the same. 
Admitting that some of the Free Trade Agreements allowing unrestricted imports, have resulted in duty inversion, the Commerce Ministry has started conducting “outreach programmes” to inform stakeholders about the benefits of such pacts. According to a media report quoting an official, the commerce department has conducted outreach programmes on FTAs across the country. There has been growing concern amongst the Indian MSMEs about the increasing imports of finished goods under free trade agreement. 
The economic growth rate will improve to 6.2 per cent in current fiscal and can go up to 8 per cent in the next three years on back of favourable domestic and global environment, tax consultancy firm EY said. “A combination of structural correction, confidence in new government and favourable global conditions could propel economic growth to beyond 8 per cent in three years,” it said The economic growth rate remained below 5 per cent for the second year in a row recording 4.7 per cent in 2013-14. In order to boost growth, the tax consultancy firm urged Finance Minister Arun Jaitley to hike income tax exemption limit to Rs 4 lakh and extending additional tax benefits to small investors in the forthcoming budget in July. 
In tune with BJP’s election manifesto, the Union labour ministry made its first move to reform labour laws for a “conducive environment for investors” through flexible mechanisms like hiring and firing. On its website, the ministry invited comments or suggestions on proposed amendments to the Factories Act, 1948. Amendments to the Factories Act are pending since 2008. Earlier, the cabinet of Rajasthan’s BJP government cleared crucial amendments to Industrial Disputes Act, Contract Labour Act and the Factories Act. The move elicited stiff opposition from central trade unions. 
The RBI kept financial markets happy by keeping key policy rates unchanged in its monetary policy on Tuesday. Deposit and lending rates, hence, will not see any significant change for now. But that’s not to say that the RBI did nothing at all. By reducing the statutory liquidity requirement and funds provided under the export credit refinance (ECR) facility, the RBI has gone a step further to align interest rates across different segments to market-determined rates. The objective — as stated in the Urjit Patel Committee report — is to facilitate the transmission of policy rates across segments. For borrowers this means quicker pass through of policy action on banks’ lending rates over the long term. 
A high-powered team of scientific experts from the European Commission will visit India in September to check measures put in place by the country in order to help lift the EU ban on the import of Indian mangoes. This was confirmed to Indian-origin Labour MP Keith Vaz, who visited Brussels on Wednesday and met Dacian Ciolos, EU Commissioner for Agriculture, and other senior officials. Vaz has been spearheading the British Parliament campaign to get the ban overturned. He invited the Commissioners for Agriculture and Trade to visit India to discuss these issues face to face with the Indian government. 
The new five-year foreign trade policy will offer greater incentives for services exports while refocusing schemes for merchandise exports to make them more effective, according to top commerce department officials. The commerce ministry is expected to announce the foreign trade policy 2014-19 after the budget, which is likely in July. Officials said the department of commerce is expected to expand the scope of the ‘Serve for India Scheme’ (SFIS) in the new policy by making duty credit scrips tradable. 
The drafting of a new mining policy, which is mandatory to resume iron ore extraction and exports from Goa, should be expedited so that the key industry gets back on its feet, according to stakeholders. Chief Minister Manohar Parrikar had earlier said that the policy would be drafted by June-end but the stakeholders feel that the government should fast-track the process so that the mining industry, which has been reeling under a Supreme Court ban for the last two years, can resume operations. 
To coincide with the visit of Chinese Foreign Minister Wang Yi, representatives of 15 Chinese companies from Wenzhou of Zhejiang province visited Gujarat to scout for opportunities to invest around USD one billion in various projects. “Chinese companies have a target to invest of USD 1 billion in the state of Gujarat this year,” said interim Secretary General of CITIC (China India Trade and Investment Centre), Jagat Shah. 
The West Bengal Small Industries Development Corporation (WBSIDC) today said it intends to create an international standard marketing hub for micro and small enterprises in the handloom sector. Named as ‘Biswa Khudra Bazar’ (BKB), the hub will come up at historic Santiniketan and the focus will be on community-led handicraft and handloom presentation. Santiniketan is a small town near Bolpur in the Birbhum district of West Bengal. The main aim of the project is to create an international marketing hub for Micro & Small Enterprises (called Biswa Khudra Bazar in Bengali). 
Handling of coal at the Cochin Port will be modernised in Public-Private-Partnership mode at an estimated cost of Rs 198 crore, raising hopes that coal imports for the power plants located on the coasts will be made easier. The maritime gateway to peninsular India, Cochin is the fastest growing logistic centre emerging in to a major international transhipment terminal. An all-weather natural port, and located strategically close to the busiest international sea routes Cochin is promoting a major liquid terminal, bulk terminal and maritime industries in its port based SEZs . 
External Affairs Minister Sushma Swaraj held talks with her Omani counterpart Yusuf Bin Alawi Bin Abdullah here today and discussed ways to further consolidate the strong bilateral relations and enhance project exports from India. Signalling a desire for continued engagement at high levels between the two countries, the Omani leader’s visit is the first by any foreign dignitary to India after the Narendra Modi-led dispensation came to power. 
India has overtaken Germany and Italy to emerge as the world’s second largest textile exporter. But it lags China, whose exports are nearly seven times higher. Data released by the Apparel Export Promotion Council, the industry body for garment exporters, showed that India’s textiles exports were estimated at $40 billion in 2013, compared with China’s $274 billion. Textiles includes everything from fibre and yarn to fabric, made-ups and readymade garments made of cotton, silk, wool and synthetic yarn. 
Trade officials of India and the US are expected to meet here soon to prepare the groundwork for the ministerial level meeting of Trade Policy Forum (TPF). “Dy. USTR expected to travel to India to prepare groundwork for upcoming Ministerial Trade Policy Forum meeting,” Commerce and Industry Minister Nirmala Sitharaman tweeted. Deputy Unites States Trade Representative (USTR) Wendy Cutler will meet Commerce Secretary Rajeev Kher. 
According to the FISME Factor, with new government in place, 89 per cent of the Micro, Small and Medium Enterprises (MSMEs) expect a higher economic growth in the next two quarters.
With organisations become melting pots, human resource officers are finding it tougher to find innovative ways to get employees to be more in tune with the unique needs of diverse groups. 1. Communicate your diversity goals Make diversity a core pillar of your people strategy, and call out the areas of focus. “Mindtree’s diversity focus is based on the EDGES charter, anchored on four aspects of ethnicity or nationality, people with disabilities, gender, and sexual orientation,” says Ravi Shankar, chief people officer. 
The micro, small and medium enterprises (MSMEs) are the backbone of economic development in any country and more so in India as we have a huge population to be served. They are the incubators for talent, innovation and entrepreneurial spirit, which is key to a country’s development. 
Are you going to buy that new toothpaste, or have you forgotten what it’s called already? Crowded categories confuse shoppers. Here’s what brands can do to distinguish their latest product. Colgate has just announced the launch of one of its most innovative products ever. 
In a bid to save the small and medium enterprises (MSMEs) especially the traditional manufacturers engaged in making earthen pot, candle and other festival items, the Noida-based industry experts have asked for redressal of the import laws, so that such units can be saved from China-made items. Industry insiders said that liberalisation in import laws have already damaged such traditional units who used to earn their bread and butter for the year during the festive seasons. 
The government, with the help of the capital market regulator, is planning to set up a first of its kind co-investment fund to fund small and medium enterprises (SMEs), considered the backbone of the Indian economy. According to sources, the fund will have an initial corpus of Rs 5,000 crore and anchored by two state-owned financial institutions — insurance behemoth Life Insurance Corporation (LIC) and Small Industries Development Bank of India (Sidbi), an institution set up to provide funding for SMEs. 
“I just want to make a point that it’s not just great teachers who shape your life. Sometimes it’s the absence of great teachers that shapes your life, and being ignored can be just as good for a person as being lauded,” Julia Roberts.
” A leader is one who knows the way, goes the way, and shows the way. “ 
Buy our one-of-a-kind guide to all industrial testing laboratories in India. Find the one most convenient for getting your products tested and certified. An invaluable compendium for all industrial units and exporters.
The Mexican goalkeeper pulled off an incredible diving stop from a Neymar header and a seriesof other extraordinary saves, holding up Brazil´s march toward qualification from Group A.The 28-year-old, who has no club as his contract with French club AC Ajaccio has ended, did a lap of honour around the Fortaleza Castelao Stadium after one of the great World Cup goalkeeping performances. Basketball hero Kobe Bryant hailed “OCHOA!! Incredible” in a Tweet within minutes of the game ending.
