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INDIA’S EXCLUSIVE BI-WEEKLY NEWSPAPER FOR INTERNATIONAL
RNI NO. 56969/93 ASSIGNMENTS, BUSINESS & EXPORTS
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W
Rail, and Abdulrahman Salim Al
Hatmi, group CEO of Asyad. Our UAE Correspondent 2019-2020.
The Abu Dhabi Government This year it had a large num-
Media Office tweet reads: ITH air travel demand ber of applications – it is higher
Under this agreement, the rebounding as coun- than any year before. A total of
new company will lay the ground- tries reopen to inter- 350 undergraduate students en-
work and workplan for the proj- national visitors, aviation univer- rolled for the new academic year.
ect, including its financial mech- sity courses in the UAE are Another 250 post-graduate
anisms and schedule. It will also recording an increase in the students are currently enrolled
handle the design, development, number of applicants amid a and registration has started for
and operation of the rail network, global labour shortage in the the next term.
which connects Sohar and Abu sector. Emirates Aviation Uni- The global aviation industry
Dhabi, in line with the standards versity (EAU), part of Dubai's is struggling with a staffing
of the two countries. Emirates Group, received 2,981 shortage across all areas of
Built on the historic and applications for its undergradu- the business, from pilots to bag-
strategic relations between the ate programme for the 2022- gage handlers, ticket agents,
UAE and Oman, this major joint 2023 academic year, exceeding flight attendants and aircraft
venture is an extension of the pre-pandemic levels of 1,638 in mechanics.
longstanding collaboration be-
tween Oman Rail and Etihad
Rail – both of whom seek to
create new prospects in the in-
frastructure, transport and logis-
tics industries by connecting the
two countries via rail.
T
The two parties aim to un-
Our UAE Correspondent and operator of the UAE National infrastructure will connect Oman's lock new opportunities by
Rail Network – has signed a Sohar Port to UAE's rail network. strengthening commercial ex-
HE UAE and Oman have deal with the Sultanate's Oman Panning 303 km, the railway change and social cohesion,
signed a landmark agree- Rail to jointly establish an equally will feature state-of-the-art pas- connecting key urban centres,
ment to establish a rail- owned company, which will be senger trains that will be travel- facilitating travel between com-
way network that will cut travel called Oman-Etihad Rail Com- ling at a maximum speed of 200 munities and providing seamless
time between the two countries pany. kmph. This will slash travel time transport solutions between eco-
– to as short as 47 minutes. With an investment of more from Sohar to Abu Dhabi to one nomic and industrial zones in
N
Our UAE are being granted to in- – an increase from the
Correspondent vestors, entrepreneurs, previous rule of 18 years
startup owners, excep- – with no age limit for un-
EW UAE Golden tional talents, scientists, married daughters. Chil-
Visa rules and professionals in various dren of determination are of their business on the talent, skilled profession-
long-term visit fields, outstanding stu- granted a residence per- UAE’s mainland. als, freelancers, self-em-
visas, including permits dents and graduates, hu- mit, regardless of their With the new rules, ployed residents, in-
to enter and stay in the manitarian pioneers and age. the criteria to apply for vestors, and entrepre-
country, come into effect frontline heroes. The UAE Golden Visa the 10-year visas have neurs, replaces its previ-
from October 3, 2022. The benefits of long- residency programme, now been eased, as more ous two-year version.
First announced on term visas and Golden which was first imple- people across a diverse A number of new en-
April 18, by the UAE Cab- Visas will extend to im- mented in 2019, enabled set of professions will be try permits and visas that
inet the sweeping mediate family members. expatriates to live, work, offered the opportunity to do not need a host or
changes are already ben- Children can be spon- and study in the UAE apply for the Golden Visa. sponsor have been an-
efitting the country’s econ- sored by the Golden Visa without the need of a na- The five-year UAE nounced by the UAE
omy. or Green Residence visa tional sponsor and with Green Residence visa, Cabinet to benefit visitors,
The long-term visas holder until the age of 25 100 per cent ownership which targets exceptional tourists and jobseekers.
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Education Min calls for
SATURDAY, OCTOBER 08, 2022 ASSIGNMENTS ABROAD TIMES, MUMBAI 5
nurturing students as
Singh, Vice-Chancellor, Delhi
University; V Kamakothi, Director
IIT Madras, and moderated re-
spectively by K Radhakrishnan,
future entrepreneurs
Chairman, Standing Committee
of IIT Council; N S Kalsi, Chair-
man, NCVET and Anil Sa-
hasrabudhe, Chairman, AICTE.
Mr Tewari in his presentation
on the topic of collaboration be-
tween academia-industry and
policymakers gave an insight
into the idea when academia,
industry, and policymakers work
together, universities can become
powerful engines for knowledge,
employment, and innovation.
The presentation was moderated
by Mr Radhakrishnan.
In the other session, while
presenting the topic Integrating
ideals of multilateralism
Kalsi moderated the session.
In the last session, Mr Ka-
makothi in his presentation on
the topic of Education and re-
T
search in emerging and disrup-
AAT News Service ogy, Mr Pradhan said India has topics such as – International tive technologies discussed the
T
shown its technological prowess rankings of higher education in- potential and need for artificial
HE Union Minister for Ed- in various initiatives like Unified stitutions; collaboration between intelligence, data science, sim-
ucation, Dharmendra Payments Interface (UPI), direct academia-industry and policy- ulation and modelling, secure AAT News Service ister welcomed the outcomes of need to address these chal-
Pradhan, called upon high- benefit transfer, Aadhaar. makers; integrating school, high- systems, and intelligent manu- World Trade Organization’s lenges, he said.
er educational institutes to target “We must build upon this er and vocational education; ed- facturing. The presentation was HE Union Minister for Twelfth Ministerial Conference Expressing grave concern
exponential growth towards build- strength and make a future- ucation and research in emerging moderated by Mr Sahasrabudhe. Commerce and Industry, (WTO MC12). over climate change he called
ing future-ready workforce. He ready workforce to embrace the and disruptive technologies. The Union Minister of State Piyush Goyal, called for He urged the G20 to commit for promoting a healthy and sus-
was speaking at the Conference changes arising out of Industrial Nunzio Quacquarelli, for Education, Subhas Sarkar intensive efforts to save and pro- itself to positive and timely dis- tainable way of living based on
of Vice-Chancellors of Central Revolution 4.0,” he said. Founder and CEO, QS ranking said, Prime Minister, Narendra mote multilateralism. Delivering cussions on important areas traditions and values of conser-
Universities and Directors of In- Speaking about entrepre- gave a presentation on Interna- Modi launched Azadi Ka Amrit his opening statement at the mandated by MC12 including vation and moderation. In this
stitutions of National Importance. neurship, he mentioned the rising tional rankings of higher educa- Mahotsav to celebrate a pro- G20 Trade, Investment and In- WTO reforms and extension of regard, the ‘LIFE’ approach, that
The conference was also at- number of unicorns in the country tion institutions: Indian universi- gressive independent India, cul- dustry Ministerial Meeting in Bali, Trade-Related Aspects of Intel- is, ‘Lifestyle For Environment’
tended by Union Minister of State as an indicator of a thriving en- ties in QS World University Rank- turally rich heritage, and achieve- Indonesia, he expressed concern lectual Property Rights (TRIPS) proposed by Prime Minister,
for Education, Subhas Sarkar; trepreneurial ecosystem and ings. It included suggestions on ments of India, which is also an that if multilateralism was im- waver to cover the production Narendra Modi, can prove to be
Advisor to the Prime Minister, called for preparing the students how Indian institutions can im- ode to the freedom fighters. perilled, the world would not be and supply of Covid 19 diagnos- an effective tool in promoting
Amit Khare; Secretary, Higher to be job givers and not only prove their performance and at- He lauded the various pre- left with many forums to promote tics and therapeutics within the sustainable lifestyles and en-
Education, Sanjay Murthy; Chair- jobseekers. tain better world rankings. sentations made during the con- dialogue and diplomacy and thus agreed timeframe of six months. hancing environmental sustain-
man, University Grants Com- The minister also spoke The moderation by Abhay ference on different issues and free trade would suffer. Mr Goyal asked members ability, he opined.
mission (UGC); Chairman, All about various initiatives taken Karandikar, Director, Indian In- themes concerning higher edu- The minister reiterated that “to be conscious that our fisheries The minister called upon all
India Council for Technical Edu- by the government in the realm stitutes of Technology (IIT) Kan- cation and outlining various ini- India stood firmly with the In- negotiations and a permanent members to show utmost flexi-
cation (AICTE); Chairperson, of digital education and called pur was very evident and artic- tiatives taken in the space. The donesian Presidency in its ef- solution to public stockholding, bility and draw from the experi-
National Council of Vocational for leveraging technology to fur- ulated comprehensively on how National Education Policy 2020 forts to achieve an outcome a permanent solution to e-com- ence at WTO MC12 in June
Education and Training ther decolonise education. He the country’s institutions have places huge importance on the based on consensus reflecting merce moratorium amongst other 2022 where significant progress
(NCVET); Heads of Central uni- also called for further strength- been working towards the path industry-academia collaboration the collective commitment of all agendas required their urgent to promote equitable and fair
versities/institutes of higher learn- ening alumni network and en- of progress. India has improved to drive innovation and research nations for a fair, transparent attention and decisions”. trade was achieved.
ing and senior officials from the gage efforts being taken in the its performance in the global in educational institutions. The and rules-based multilateral The minister observed that There was significant sup-
Ministry of Education and the area of internationalisation of rankings at an overall level, he minister expressed confidence trading system. in the wake of the pandemic and port to India’s position and many
President Secretariat. education in India, including the said. that all institutions will continue Emphasising that India be- other recent geopolitical devel- members expressed the desire
Speaking about the chal- Study in India programme. The other presentations were to work hard towards establishing lieves that multilateralism is the opments, the world had wit- to see outcomes and aligned
lenges and opportunities in the In different sessions, the con- made by Virendra Kumar Tewari, institutions as benchmarks for cornerstone for managing and nessed disruptions in supply with India’s proposal, added the
new world propelled by technol- ference deliberated on various Director IIT Kharagpur; Yogesh others to follow. facilitating global trade, the min- chains. There was an urgent minister.
SECURITY CHALLENGES
Govt committed to create
robust logistics system
T
AAT News Service
HE government is com-
mitted to create a robust,
secure, speedy and aat-
manirbhar logistics system to
effectively deal with future se-
curity challenges and take the
The Union Minister for Home Affairs and Co-operation, Amit Shah, addressing the country to greater heights, said
I
logistics according to the needs the outcome of a war, he said. terming it as a major part of effi- from the policies and best prac-
AAT News Service automobile manufacturers to own of automobiles, design modifi- of 21st Century is the need of Elaborating on the visible cient logistics. “All the services tices of different countries, stress-
their wagons specialised for their cation to the existing New Mod- the hour. Self-reliance is an im- positive results, Mr Singh stated have developed their ICT archi- ing that the highest level of civ-
NDIAN Railways, being a needs. ified Goods (NMG) wagons is portant component in the field that due to the government’s ef- tecture. It is our endeavour that il-military co-ordination can only
cleaner mode of transporta- To accommodate SUV cars, also under execution (NMGH of logistics. “To achieve our goals, forts, the response time has there should be interoperability be achieved when all stakehold-
tion, not only helps automo- new design of auto-carrier wag- and NMGHS) based on the sug- we need an aatmanirbhar logis- been significantly reduced to between the three services, so ers come together under a robust
bile industry to quickly transport gestions received from tics supply system,” said the De- deal with counter insurgencies that we can use our resources framework.
bulk volumes over long dis- investors/logistics providers. fence Minister, while elaborating as well as in disaster relief, hu- in the best way,” he said. The Defence Minister also
tances, but also gives opportunity Also, for increasing short on the framework laid by the manitarian assistance, non-com- Mr Singh called for civil-mil- threw light on a number of poli-
to reduce their carbon footprint. lead traffic, freight rate has been government to make India a su- bat evacuation, combat search itary fusion to further strengthen cies formulated by the govern-
Automobile traffic over Indian revised for NMG/BCCNR and perpower in Amrit Kaal by 2047. & rescue and casualty evacua- the logistics system and stay ment to integrate logistics in the
Railways has witnessed a BCACM wagons up to – 1,200 He termed jointness among tion. This is an important aspect prepared to deal with future chal- country and make it self-reliant.
tremendous growth during the kms. More terminals are being the three services as one of the of nation-building and all efforts lenges. He emphasised that lo- These policies include National
recent past. This growth in au- opened up for automobile traffic major policy changes made in are being made in this regard. gistics in future wars will require Logistics Policy, PM Gati Shakti
tomobile traffic has been the re- as per demands of the industry. Ministry of Defence in the last Stressing on the need to jointness not only among the and other efforts to ensure in-
sult of various initiatives viz. Presently, Indian Railway has few years, which has benefitted continue bolstering the logistics three services, but also among frastructure development.
availability of specialised pri- a fleet of 90 NMG rakes. In ad- a number of sectors across the system, the Defence Minister different bodies in the form of The Chief of the Army Staff,
vately-owned wagons. dition, 43 BCACBM rakes have board, especially logistics. The asserted that the government is industrial back-up, research & General Manoj Pande empha-
On the basis of the issues been inducted by approved train foundation has been laid to es- focussing on establishing com- development, material support, sised on bringing synergy in the
raised by the stakeholders in ons is under finalisation in Re- operators under AFTO scheme. tablish a strong logistics system, mon logistics nodes in the coun- industry and manpower. efforts of the Nation to make
the automobile industry, including search Designs & Standards Or- Therefore, volume of trans- which is pivotal for operational try, as per the needs of the three He called for formulating ro- India a global powerhouse of
Society for Indian Automobiles ganisation (RDSO) in addition portation of small passenger ve- preparedness of the Armed services. Through these nodes, bust policies to enhance com- defence logistics. He exuded
Manufactures (SIAM), the Auto- to existing Bogie Covered Au- hicles(cars) by railways has in- Forces as it ensures that right the resources of one service will mitment & mutual trust between confidence that the ongoing ef-
mobile Freight Train Operator torake Double Decker Wagon creased by 68 per cent year- items, with right quality and quan- seamlessly be available to the civil and the military, which will forts will not only cater to the
(AFTO) policy has been liber- (BCACBM) wagons. on-year during the first five tity, are available to the military rest, he said. provide a renewed thrust to the domestic needs, but also help
alised from time to time. It allows To facilitate loading/unloading months of current financial year. at the right time and right place. He shared his insights on government’s vision of protecting the friendly foreign countries.
®
6 MUMBAI, SATURDAY, OCTOBER 08, 2022
T
AAT News Service be extended in blocks of 5 We shall take a look duction under Section 80 C, up PPF account between the 5th
Move to PPF in
years. But despite the nega- at the positives: to a maximum of ` 1.5 lakh a day and the last day of the month
HE stock market is going tives, this is one investment year. Interest earned and money is ` 12,000. So, invest in PPF
through an uncertain pe- that can ensure good returns Nil risk: PPF is backed by the withdrawn at maturity are tax- on or before the 5th of the month,
riod. The primary reason at the end of the tenure. Government of India and gives free. This makes it one of the to enjoy maximum interest on
being the fear prevalent across The minimum investment that guaranteed risk-free returns and most tax-efficient investments. your investment. If you deposit
volatile times
the world about a possible re- can be made in a year is just ` the capital is protected. What’s Good returns: The PPF al- the installments after the 5th of
cession. Since the markets in the month, you will lose out on
most countries have hit their all- a lot of interest income for that
time highs, operators just particular month.
needed a good excuse to book Since you invest in PPF once
profit and get out for a while. a year, we mean in installments,
When the markets go should you invest in SIP rather
through an uncertain phase, it than PPF? For the uninitiated,
would be better for ordinary in- Systematic Investment Plan
vestors to steer clear of equity (SIP) is a method of investing in
markets. Of course you can con- mutual funds. Using a SIP, you
tinue with your mutual funds can invest a fixed amount every
Systematic Investment Plans month in a mutual fund. This
(SIPs). A volatile time is the best averages out your purchase price
time for SIPs to remain active. and protects you from inadver-
But if you plan to invest in the tently catching a market peak
equity market, we would advise when you invest.
Fashion Corner
rates. The tenure of PPF can name of a minor. vested in PPF enjoys a tax de- can make these investments in From the seventh year, you as the minimum balance in your Section 80 C.
F
AAT News Service gine government changed all Remarking on the developments He observed that it is a mo-
that. Today, Himachal Pradesh that have happened over the ment of pride for the people of
OR a very long time the is equipped with Central univer- past years in Himachal Pradesh, Himachal Pradesh as it is one
thinking was that facilities sities like Indian Institute of Tech- he said it is the vote of the of the three states that have
like education, roads, in- nology (IIT), Indian Institute of people that are solely responsible been selected for Bulk Drugs
dustries, hospitals are meant Management (IIM) and Indian for all the developments. Mr Park. Himachal Pradesh has
for big cities only. As far as hilly Institutes of Information Tech- Modi gave credit to people's been selected for Medical De-
areas were concerned, even nology (IIIT). In the last eight confidence in the state and the vices Park and Nalagarh Medical
the basic facilities reached there years, Himachal Pradesh has Centre that has propelled all the Device Park is part of this.
last. This created a huge im- scaled new heights of develop- development work. Himachal Pradesh has end-
balance in the development of ment. Talking about the contribution less opportunities. The air, the
the country, said the Prime Min- Mr Modi laid the foundation of Himachal Pradesh to nation- environment and the herb of the
ister, Narendra Modi. He laid stone of around 31 kms long building, the Prime Minister in- state can be a source of a pletho-
foundation stone and dedicated project for four laning of national formed that the state plays a ra of benefits for the state, added
to the nation multiple projects highway from Pinjore to Nalagarh crucial role in 'Rashtra Raksha', Mr Modi.
worth over ` 3,650 crore in Hi- on NH-105, worth over ` 1,690 Park at Nalagarh, which will be and now with the newly inaugu- Readers are advised to make ap-
machal Pradesh. crore. He also dedicated to the built at a cost of about ` 350 rated AIIMS at Bilaspur, it will propriate enquiries before entering
Addressing the gathering in nation, AIIMS, Bilaspur. AIIMS, crore. He further inaugurated also play a pivotal role in 'Jeevan into any commitment or making
Himachal Pradesh, he said the Bilaspur being the apex of med- the Government Hydro Engi- Raksha'. The Prime Minister payments in relation to any adver-
tisement published in this paper.
people of the state were forced ical education in India will add neering College at Bandla. complimented the Health Ministry
Assignments Abroad Times
to go to Chandigarh or Delhi for to the glory of Bilaspur. The The Prime Minister remarked and the state government for shall not be held responsible for
small issues. However, in the Prime Minister also laid the foun- that Bilaspur has received a dou- timely completion despite the any consequences thereon.
last eight years, the double-en- dation stone of Medical Device ble gift of health and education. challenge of the pandemic. Publisher
Printed by Dr. N.R.K. Pillai, CMD and published by him on behalf of Aishwarya Publications Pvt. Ltd. and printed at M/s. Dangat Media Pvt. Ltd., 22, Digha, MIDC, TTC Industrial Area, Vishnu Nagar, Digha, Navi Mumbai-400 708 and published from 302, Eruchshaw Building, 3rd Floor, 249 Dr. D.N. Road, Fort, Mumbai 400 001. Editor: Dr. N.R.K. Pillai.