FRIDAY, OCTOBER 24 - 30, 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 ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ Sourcing or Searching for Overseas jobs NRI TIMESOnline Creating Opportunities for Indians www.enritimes.com Modi to visit Sabarimala Kerala BJP president V Muralidharan has said that preliminary steps for the visit of Prime Minister Narendra Modi to Sabarimala Lord Ayyappa forest temple has been completed. PM’s secretariat and intelligence agencies have already collected some details in this regard from the party state unit. The temple is situated on a hill in dense forest and one has to trek for three hours. He was speaking after inaugurating the collectorate march organised by the party in protest against the neglect of Sabarimala pilgrimage by the UDF government in Pathnamthitta. He said that though a formal announcement of the PM’s visit to Sabarimala was not made, the party was on a firm belief that Modi would visit the temple during the coming pilgrimage season. Muralidharan said that the party state leaders convinced the PM the importance of visiting Sabarimala , when he had visited the state earlier. “A detailed report, including the important points on the trekking route, will be submitted to the PM’s secretariat,” he revealed. India’s forex reserves hit $313b After five consecutive weeks of falls, India’s foreign exchange reserves grew by $1.30 billion to $312.73 billion for the week ended Oct 10. The reserves had fallen by $2.75 billion to $311.42 billion for the week ended Oct 3. It had slipped by $1.41 billion to $314.18 billion for the week ended Sept 26. Again the reserves went into decreasing trend falling by $101.3 million to $315.59 billion for the week ended Sept 19. The exchange reserves declined by $1.61 billion to $315.69 billion for the week ended Sept 12 and for week ended Sept 5 the reserves lunged by $1.32 billion to $317.31 billion. Foreign currency assets, the key component of the forex reserves, rose by $1.29 billion at $286.88 billion in the week under review. The foreign currency assets had plunged by $1.80 billion at $285.58 billion in the previous week. India’s reserve position with IMF gained $3.3 million to $1.54 billion. The value of SDRs was up by $9.3 million at $4.29 billion. Puducherry to hire police constables The Puducherry Police Department has issued a notification to recruit 211 police constables (male) for the India Reserve Battalion (IRBn) and 450 home guards. A top official said the recruitment process would be transparent and that the authorities would not tolerate any malpractice. Also, he cautioned the candidates about touts and agents. For news contact: editorial@enritimes.com Phone: 67241622 / 662 /employment & nritimes EXCHANGE RATES As on 23th October, 2014 (In rupees) Currency US Dollar Pound Sterling Swiss Franc Euro Saudi Riyal Bahrain Dinar Kuwait Dinar Qatar Riyal UAE Dirham Omani Riyal Buying 57.05 92.00 60.04 72.65 15.12 151.03 175.01 15.58 15.45 147.24 Selling 64.60 104.15 69.00 82.20 17.51 172.57 217.88 17.86 17.70 167.98 Rates are subject to change without notice. Errors & Omissions excepted. Jer arghese F orex Bureau Jerrr y V Varghese Forex Saudi job market remains vibrant KOZHIKODE: Job opportunities for Keralites in Saudi Arabia will not shrink in the near future, according to Tarek A Mishkhas, editor-in-chief of Malayalam News, a Saudi Arabia-based Malayalam newspaper. Mishkhas, who is a former deputy editor of the Arab News , said Minister of State for Commerce Nirmala Sitharaman meeting with Foreign Min- Saudi Arabia is developing at a feverish pace and ister of Mexico Jose Antononio Meade Kuribrena in Delhi. the economy is doing well. As a result, hundreds of new projects are ongoing in the desert kingdom. This requires a steady inMUMBAI: With positive ready been set rolling and NEW DELHI:India’s deciflow of foreign workers sentiment emerging on all the company is visiting fronts following Modi tak- campuses, he added. Of sion to remove price con- into the country. “The demand for expat ing over as the prime min- the 25,000 offers made for trols on diesel and to raise ister, India’s largest soft- FY15, Mukherjee said he natural gas prices signals workers will grow for sevware exporter TCS is all expects around 71-72pc fiscal discipline and is a eral years to come,” set to come out with an freshers to actually join “credit positive” step, al- Mishkhas, who where though the overall impact offer for 35,000 jobs for the company. freshers at campuses . The “The overall need of could be limited, MooTata-group company also what we require for the dy’s Investors Service said that it is likely to over- next year and planning said. “The decision to fully shoot its overall stated tar- our head-counts from that get of hiring 55,000 profes- point, campus (recruit- deregulate diesel prices sionals, including lateral ment) is one of the things signals fiscal discipline BANGALORE: Hiring senones, during the ongoing we have to do,” Mukherjee on the part of the sovertiment across the country 2014-15 fiscal. said, adding that the over- eign, which we view as remained positive while “We will be overshoot- all hiring number for Fi- credit positive,” Moody’s Bangalore recorded highest ing that 55,000 number nancial Year 2015-16, in- said in a note. growth of 36pc. Still, Moody’s also but at the moment we are cluding the lateral ones, Hiring sentiment across not looking at what that will be decided in Feb next noted the fiscal savings the country remained posifinal number is going to year. After declaring a for the government’s dietive even as Bangalore rebe. We will be doing 13.2pc growth for the sel measures “are likely to 35,000 campus offers next July-Sept quarter profit at be limited” given total corded highest growth of fiscal,” TCS executive Rs 5,244 crore, TCS ‘MD subsidies account for less 36pc in hiring across invice-president and global N Chandrasekaran had than one per cent of the dustries during September, HR head Ajoy Mukherjee said that he is bullish country’s 2013/14 gross according to Naukri Job Speak Index data. said. The process has al- about 2015-16. domestic product. Bangalore experienced the highest job growth among the top metros, folNEW DELHI: SpiceJet allowed more Indians to lers has also led to passen- lowed by Pune with an incontinued with its galore of travel by air than ever be- ger volumes and revenues crease of 35pc in hiring special offers announcing fore, and more often than for airports, travel agen- during Sept, the Index yet another limited-period before and have helped air cies, hotels and local noted. On a national basis, discounted one-way do- travel grow significantly economies across the hiring witnessed 23pc mestic fare offer ——rang- year-over-year.” country throughout the growth with sectors such ing from all-inclusive fares The large increase in year, even in low seasons, as banking and IT seeing of Rs 899 to Rs 2,499. the number of air travel- Kapoor said. an increase of 52pc and While tickets can be booked at low fares till Oct 26, the travel period would be between Nov 1 and Dec 15. The all-in fares, starting at Rs 899, are available for short distance travel between sectors like BanOur weekly Newspaper galore-Chennai-Kochi. While on Bangalore-Goa sector, a one-way ticket price would start at Rs 1,599 and for the rest of India, the starting fare would be Rs 2,499. The overall airfares for advance bookings have remained on the lower side even during the peak holiday season, which has been a welcome change for passengers, with travel portals and agents anticipating that SpiceJet’s move would be followed up by other competing airlines. Airline’s COO Sanjeev Kapoor said SpiceJet has “fundamentally changed the air travel paradigm in India this year” with frequent offers, often lower than train fares. These sales, he said, had helped airlines to “fill empty seats, TCS to hire 35,000 Moody’s hails diesel pricing here said. “This means that Malayalees will have more job opportunities, especially in sectors that require technical and specialised skills.” The Malayalam News, published by the Saudi Research and Publishing Company since 1994, was the first Malayalam newspaper to be brought out in Saudi Arabia. It caters to the large Malayalee population in the kingdom as well as in other Gulf countries. Saudi Arabia, which employs the second largest number of non-resident Keralites after the UAE is one of the main sources of remittances to Kerala. The recent Nitaqat (Sauidisation) programme, aimed at regulating Bangalore sees 36pc rise in hiring SipceJet offers another low fare 34pc respectively in Sept 2014 as against Sept 2013. Info Edge India MDand CEO Hitesh Oberoi said: “The Naukri Job Speak Index has been growing steadily for the past two months, suggesting a sustained momentum in hiring activity. We expect the upward growth trend to continue in the coming months.” Apart from the banking and IT sectors, the oil and gas and pharmaceutical sectors saw yearon-year growth of 35pc and 28pc respectively on the Index during Sept. The telecom sector moved positively with the Index rising 26pc year-on-year in Sept. The insurance and BPO (Contd. on page 2) the expat labour market by reserving 10pc jobs for locals, had evoked fears that job opportunities for expats in Saudi Arabia was waning. Defending Nitaqat, Mishkhas said it had benefited thousands of Malay alees to regularise their job status in the country. “For instance, there were so many Malayalis with house-driver visas working as accountants,” he remarked. “Since house drivers cannot bring in their families, they had suffered. Nitaqat allowed them to change their job status to accountants and they are now eligible to set up families in Saudi Arabia.” (Contd. on page 2) Indian embassy in Kuwait eases visa norms KUWAIT CITY: Indian embassy in Kuwait has simplified the visa procedure for Kuwaiti nationals as well as expatriates living in the country with an aim to enhance travel to India for business, tourism, medical treatment and study purposes. The embassy said it has issued 10,000 visas this year as against 7,600 visas issued during the same period last year, registering a jump of 30pc. The embassy has been issuing five-year and oneyear business visa (multiple entry), one-year medical visa (multiple entry) and six-month tourist visas (multiple entry) for Kuwaiti nationals and expatriates resident in Kuwait.