RPT-SAfrica’s Village seeks gold mine to generate cash -paper

July 13 (Reuters) – South African junior miner Village Main Reef Gold Mining (VILJ.J) plans to buy a gold mine within the next year to generate cash for its other venture, Business Day on Tuesday quoted the chief executive as saying.

Village earlier this year bought a controlling interest in the Lesego Platinum exploration project, for which it plans to complete a bankable feasibility study within three years.

In the meantime, the company plans to buy a mine to avoid pitfalls suffered by other junior miners reliant on one asset only.

“Our first strategic objective is to buy a cash-generative asset,” CEO Bernard Swanepoel was quoted as saying. (Reporting by Agnieszka Flak, Editing by Himani Sarkar)

Lloyds considers listing 600 branches in new bank: report

(Reuters) – Britain’s largest retail bank Lloyds Banking Group (LLOY.L) is considering a stock market flotation of the chain of 600 branches that it is forced to sell by European Union regulators, the Sunday Times reported.

Deals

The listing would create a new British bank worth between 3 and 4 billion pounds ($5.8 billion) that would account for about 5 percent of the retail banking sector, the paper said.

“The group has until November 2013 to complete the divestment program agreed with the EU. We are therefore only in the preliminary stages of this process,” Lloyds said in a statement e-mailed to Reuters.

“Our objective is to sell this business to a third party rather than to float it.”

Lloyds is being forced to sell hundreds of branches to satisfy EU regulators and compensate for state aid. The bank was rescued by taxpayers during the financial crisis and is now 41 percent owned by the state.

(Reporting by Julie Crust; editing by Louise Heavens)

($1=.6865 Pound)

Lloyds considers listing 600 branches in new bank – paper

LONDON, June 13 (Reuters) – Britain’s largest retail bank Lloyds Banking Group (LLOY.L) is considering a stock market flotation of the chain of 600 branches that it is forced to sell by European Union regulators, the Sunday Times reported.

The listing would create a new British bank worth between 3 and 4 billion pounds ($5.8 billion) that would account for about 5 percent of the retail banking sector, the paper said.

“The group has until November 2013 to complete the divestment programme agreed with the EU. We are therefore only in the preliminary stages of this process,” Lloyds said in a statement e-mailed to Reuters.

“Our objective is to sell this business to a third party rather than to float it.” Lloyds is being forced to sell hundreds of branches to satisfy EU regulators and compensate for state aid. The bank was rescued by taxpayers during the financial crisis and is now 41 percent owned by the state. [ID:nL3540088] (Reporting by Julie Crust; editing by Louise Heavens) ($1=.6865 Pound)

Banimmo: Banimmo repositions two buildings of its portfolio on the basis of a long term pre-letting agreement

Both buildings, located in the Da Vinci Park in Brussels, were rented when acquired. The
objective was to realize an important renovation or restructuring in order to reposition
these buildings according to market needs.

Click on the link hereunder for the complete press release in pdf form.

HUG#1422143

Banimmo repositions two buildings http://hugin.info/137950/R/1422143/371237.pdf

Government employees take anti-terrorism pledge

New Delhi, May 21 (ANI): Anti Terrorism Day was observed throughout the country on Friday with employees in Government offices, public sector undertakings (PSU) and other public institutions taking a pledge in this regard.

Union Home Minister P.Chidambaram administered the oath to the officers and staff of the Home Ministry in the North Block lawns this morning.

The day is observed to generate awareness in the country among all sections of people, about the danger of terrorism, violence and its dangerous effect on the people, the society and the country as a whole.

`The objective behind the observance of Anti-Terrorism Day is to wean away the youth from the terrorist/violence cult by highlighting the suffering of the common people and showing how it is prejudicial to the national interest.

These objectives are sought to be achieved by organizing debates/ discussions in schools, colleges and universities; holding of symposia/ seminars, lectures, etc. on the dangers of terrorism and violence and a determined and sustained drive to bring about a mass awakening against terrorism and violence. (ANI)

Lasuboon Festival celebrated in Shillong

Shillong (Meghalaya), May 21 (ANI): A large number of people celebrated Shillong’s two-day Lasubun Festival in style, with the objective of promoting the region as a tourist-friendly destination.

Hundreds of visitors thronged the Mawphlang sacred grove to join in the festivities.

Stalls showcasing flowers, pottery, beekeeping, loofah processing, weaving, local food and zorbing were set up.

The state’s art and culture was on display for the visitors.

Edward Pakyntein, a visitor, said: “There are lots of traditional items that are shown from the Garo Hills, the Khasi Hills and other art and craft forms from our state. Also music and other things were really up to the mark.”

The Government of Meghalaya’s Department of Tourism promoted the event.

Visitors also appreciated a fashion show and a rock concert that formed part of the event.

Syrpai Khonglah, another visitor, said: “We all support tourism in urban Shillong and people really do not get to see real tourism. The main idea of tourism is seeing landscapes and other things, including culture and art. This is a true way pf promoting tourism. We see the beauty and take part and find that entire combination is fantastic.

The festival provided the people of Shillong a chance to experience both traditional and contemporary art forms on a single platform. (ANI)

First rural BPO in Chennai”s Krishnagiri District boosts employment

Krishnagiri (Chennai), May 20 (ANI): The first government-run rural BPO in Chennai”s Krishnagiri District is proving to be a boon for youths wanting jobs.

At present over one hundred rural youth, both male and female, in the age group of 18 to 35 years are employed at Fostering Technologies in Rural Area (FOSTeRA), the BPO established in year 2007 by District of Rural Development Agency (DRDA).

The employees here earn a monthly salary of Rs 5000 to Rs 8,000.

“The objective is to take IT to rural areas and to provide employment and also create entrepreneurship. The rural BPO provides employment for local people in the age group of 18 to 35, with the qualification of plus two, graduate and above,” said Ashok Kumar, CEO, FOSTeRA.

The nature of the job is voice process and non-voice process. About 300 young people have already been put through voice and non-voice training.

“Here it is night as well as day shift. I have got job to work in day shift. The call center has hired many rural people,” said Anjana, an employee.

FOSTeRA Krishnagiri, is planning to increase its capacity from the present 25 to about 500 by the end of October, and after that it will employee around 1000 people working in two shifts.

Multi-national companies like telecom and banking are looking at FOSTeRA to outsource their help desk, credit card processing, form filling and editing work. (ANI)

Chelsea’s Premier League season was not exceptional, says ManU’s Neville

London, May 18 (ANI): Manchester United defender Gary Neville has claimed that Chelsea did not have an exceptional season and should have clinched the Premier League title much earlier than the final day of the season.

“I don’t think any team had an exceptional season. Chelsea will be happy they won the league. But they’ll probably be thinking they could have won it with a month to spare if they had performed like they have in previous seasons,” said Neville.

“They deserve congratulations, but I think all the top teams will think they could have done better,” The Mirror quoted him, as saying.

“Chelsea won the league despite losing six games, whereas in previous seasons teams have won the league by losing only one or two games,” Neville said.

“So it’s been a strange season. Our objective now is to recover this summer and come back hard next season to fight again. Looking back over the season, it’s clear we made too many mistakes. We lost seven matches and we have to accept that isn”t good enough.

“When you lose seven matches you have no-one to blame but yourself. We just made too many mistakes overall. I don’t really look upon it as a successful season for us. We won the Carling Cup, but we are a club that prides itself on winning the Premier League and the Champions League,” added Neville. (ANI)

Universal Music admits piracy can’t be stopped

London, May 16 (ANI): Universal Music Group International, the world”s largest music company, has said that piracy cannot be stopped.

Francis Keeling, head of digital at Universal Music Group International, discussed the problem at the Great Escape music convention in Brighton.

“Are you going to stop piracy? No you”re not,” the BBC News quoted him, as saying.

He added: “To try and set that as an objective is just not going to succeed. Can we make piracy socially unacceptable?

“Absolutely, and that has to be our ambition around the world.”

He added: “We”ve got markets like Spain and Italy, where [people say] ”You buy music? What are you doing buying music when you can get it for free?”

“Clearly those markets are in the situation where, unless we can turn those markets around, we”re going to have a major problem having a music business there.”

Keeling is the person in charge of signing up artists including Lady Gaga, Eminem and Rihanna onto digital services outside North America. (ANI)

Tarun Gogoi hopeful of talks with ULFA

New Delhi, Apr 21 (ANI): Assam Chief Minister Tarun Gogoi has said that he is expecting some good news as for holding parleys with the United Liberation Front of Asom (ULFA) rebels in the near future.

Addressing mediapersons here on Tuesday, Gogoi said: “We are trying our level best. We may hear good news also. But I do not say that we have reached the final goal. We are making some progress,” said Tarun Gogoi.

He also disclosed that the government will not ”wait indefinitely” for the elusive ULFA commander-in-chief Paresh Baruah to come forth for talks.

“Our idea is to involve everybody including Paresh Baruah. But we have made it very clear that we cannot wait indefinitely,” Gogoi said.

“We are keeping our doors open, made free conditions that you have to give up the path of violence and we are prepared to discuss everything except sovereignty,” he added.

To a poser whether the ULFA has any links with the Maoists, Gogoi said that he finds no difference between these extremists groups as all are sailing in the same boat and they believe in armed struggle to achieve their objective at the cost of the commoners and peace in the society. (ANI)

Reserve Bank defends transparency on rates policy

The Governor of the Reserve Bank has shrugged off concerns about transparency regarding its interest rate decisions.

After a speech about global financial developments in Sydney this morning, Glenn Stevens said that prior to the economic downturn, financial markets and economists were too relaxed about when central banks would move rates.

“One of the problems in the pre-crisis risk build-up period was arguably a little bit too much comfort being taken by financial markets and borrowers generally, that the central bank would never hurt them or surprise them,” he said.

“But we have certainly never made a commitment that there’ll not be surprises and nor should we and nor should any central bank in my opinion.”

In February, the RBA shocked economists and financial markets by leaving the cash rate on hold after three consecutive monthly rises at the end of last year.

Mr Stevens said the Reserve Bank’s decisions should be thought about within an agreed framework.

“I think that framework remains in place, certainly in our case,” he said.

“It’s possibly more difficult elsewhere, where unconventional things have had to be done and everybody’s working in unfamiliar territory.

“But here, we’ve got the same framework, the same objective, the same modus operandi, but there’ll still be the occasional controversy over did they or didn’t they or will they or wont’ they in this particular month,” he added.

“I don’t think actually think from an overall perspective that’s all that big a deal, frankly.”

Mr Stevens also rejected suggestions that increased demand from foreign investors and temporary residents is driving up Australian property prices.

When asked whether the abolition of restrictions on property purchases by temporary residents and foreign investors had led to house price inflation, he said there were no hard facts to support that theory.

“While there probably is some more prominence of foreign buyers, it’s most likely still a very small share of overall turnover,” Mr Stevens said.

“Mostly what’s pushing up housing prices over the past 15 months or more, is Australians, who are seeking to get or to upgrade their accommodation.”

Government of India to spend 6500 million on strengthening statistics

New Delhi, Mar 22 (ANI): The Union Government on Monday approved a new centrally sponsored scheme –“India Statistical Strengthening Project(ISSP)” to strengthen the capacity and operations of the Indian Statistical Systems.

The scheme was formulated by the Union Statistics and Programme Implementation Ministry.

The Centre approved a total estimated cost of Rs. 6504.3 million under the scheme.

The Project would be funded through 80 percent World Bank loan and 20 percent of the project would be borne by the Centre.

The funds will be made available to the participating States or Union Territory in a phased manner.

Till date, twenty two States and Union Territories have communicated their decision to participate in the project and, it is expected that, in due course, the remaining States and Union Territories would also be participating in the ISSP.

The objective of the ISSP is to strengthen the capacity and operations of the Indian Statistical Systems of the participating States and Union Territories and substantially improve the coverage, timeliness and quality of official statistics generated by them.

This will help both in improved compilation of national level socio-economic statistics and indicators based thereon and in improving the execution of State-level planning and policy formulation tasks.(ANI)

Grand celebrations to mark 200 days ahead of Games

New Delhi, March 16 (IANS) Come Sunday and Delhi will see well-known artists like Satish Gujral paint a 200-foot canvas on the theme of Commonwealth Games at the India Gate lawns to mark the 200 days that are left for the Commonwealth Games in October.

Suresh Kalmadi, chairman of the organising committee of the 2010 Commonwealth Games, Tuesday said: ‘As we get closer to the Games, the sense of anticipation and excitement is growing. We are also more and more confident that we will deliver the best Commonwealth Games ever.’

‘I take this opportunity to renew our commitment to producing successful Games,’ he said.

The festivities Sunday will include art and culture events that will make for a fun-filled day for the capital’s residents. Along with artists, eminent sports personalities will also paint the canvas in an effort to attract people’s attention and get them more involved.

Talking about the completion of various incomplete projects, Kalmadi said: ‘We have set our own deadlines in planning and in getting together teams of personnel to ensure that we will meet our objective of delivering a world class event that all participants will enjoy.’

A special kite flying festival will also organised on the day.

Sea Shepherd targets tuna fishing

The Sea Shepherd conservation group’s ship the Steve Irwin has left Hobart with the goal of protecting bluefin tuna in the Mediterranean Sea.

The Convention on International Trade in Endangered Species (CITES) is meeting in Qatar this week and will vote on whether to list the bluefin tuna as endangered and restrict catches.

The Steve Irwin has refueled and resupplied after what its crew calls its most successful campaign to date against Japanese whalers in the Southern Ocean.

Captain Paul Watson says with the whaling season over it is time for the next campaign.

“Our plans for the tuna campaign is to go to the Mediterranean, because the blue fin tuna is now going to be put on the endangered species list with CITES,” he said.

“Our objective is just to directly intervene their fishing operations. So if we catch anybody illegally fishing tuna, we’ll cut their nets and release their tuna.”

The Sea Shepherd ship the Bob Barker will leave Hobart at the end of the month.

Cape Lambert off-loads Lady Annie mine

An exploration company has sold its copper mine in north-west Queensland less than a year after it purchased the operation.

Cape Lambert Resources, based in Western Australia, has sold the Lady Annie Mine near Mount Isa for $135 million.

Executive chairman Tony Sage says the company’s objective has always been to develop mines rather than operate them and the sale will bring benefits to the region.

“The first thing though is obviously to get the mining operation – a lot of the services around Mount Isa will be increased, as well with fuel obviously, just groceries and that – that will need to run the camp out there,” he said.

“You have got to feed over 100 people.

“The whole region will get a spin-off effect starting from June right through the end of December.”

He says a Hong Kong listed company purchased Lady Annie and it is expected operations will “ramp up” over the next few months.

“The new owners are operators, they are going to start I would say from the beginning of May to crank everything up,” he said.

“The mining operation will restart and also the processing operation, so the mining operation will start first and they take full control beginning of June.

“You will see a big ramp-up from there.”

Arsenal a bigger challenge for Man U than Chelsea

London, Mar 15 (ANI): Manchester United boss Alex Ferguson believes Arsenal will be a bigger challenge to their title aspirations than Chelsea.

Ferguson has ordered his players to win every game from now until the end of the season to beat them.

Manchester United went ahead of both of their main challengers in points tally yesterday to take top spot with a 3-0 victory over Fulham at Old Trafford.

Now Ferguson wants to ensure they keep their foot on the pedal as he fears it is the Gunners who could deny them a record 19th title.

“Every game is vital now. At the moment it is looking like the tightest Premier League we have had. We are back in the lead but Chelsea have a game in hand,” The Sun quoted Ferguson, as saying.

“It’s also going to be a hard-fought tussle with Arsenal coming strongly now… and I have a suspicion they might yet mount the biggest challenge.

“To a certain extent the title is in our hands because Chelsea have to come to Old Trafford and naturally that will be a massive match. But, as I say, I am wary of Arsenal if they don’t suffer too many more injuries to key players,” Ferguson said.

United are two points ahead of both Arsenal and Chelsea.

Ferguson said: “I have set us a title target – win every game between now and the end of the season! Obviously it’s a big ask but that’s what we must aim for if we are to achieve our objective of winning the championship again.”

Ferguson believes he has the squad to make it a treble year with the Carling Cup already in the bag and a quarter-final place in the Champions League booked. (ANI)

Women self-help groups meet held in Bhubaneshwar

Bhubaneshwar, Mar 5(ANI): Adhikar, a non-governmental organisation facilitated the third Cooperative Convention which brought together more than 500 members of self help groups (SHG) from across Orissa on one platform in Bhubaneswar.

The objective of the two-day event that began on Thursday was to provide self-help groups marketing and financial assistance.

Each group displayed its products in a stall and shared the experiences and problems related to products with members of other self help groups.

Despite the state government””s efforts many such groups in the state are not linked with financial institutions. They are facing problems in getting the marketing platform.

“A SHG can””t solve problems alone. We have organised this fair so that one member can learn from other member””s experience. Members can also share their experience and tell their problems,” said Malanjari Mishra, convener, Adhikar.

Elina, a Pondicherry-based researcher introduced participants to the benefits of bio mass stove, an eco-friendly stove. They were also advised to market this stove on commission basis.

“Absolutely fantastic, I think getting women to have more power and more control in whatever they can do, and being able to afford, to purchase things that improve living conditions, and to start business on their own is really fantastic. Adhikar and organistions in other regions are stepping forward for the cause,” said Elina.

Participants were motivated to bring changes in their policies to empower themselves.

Orissa has 3.87 lakh women SHGs with a membership of 46 lakh. Besides, SHG federations have also been constituted at the district, block and gram panchayat levels. (ANI)

NATO forces close to victory in Afghanistan: Gen. Petraeus

Ottawa, Mar. 5 (ANI): General David Petraeus, the head of U.S. Central Command, has stated that Canada’s decision to pull out troops from Afghanistan has come at a time when the NATO forces are heading toward a decisive victory against the Taliban.

“Having worked hard this past year to get the inputs right … now [the International Security Assistance Force] and its Afghan partners can start to see the progress that is possible,” the Globe and Mail quoted him, as saying.

While Gen. Petraeus declined to comment on the effect that Canada”s 2011 exit from Kandahar next year will have on NATO”s broader mission in Afghanistan, he admitted: “Obviously, we always like to see everyone continue to pitch in.”

Gen. Petraeus, who oversees the wars in Iraq and Afghanistan, predicted that NATO will “regain the initiative from the insurgency” by following a counterinsurgency strategy similar to the one he followed as a commanding general in Iraq.

“We all recognize that an enormous amount of hard work and tough fighting lie ahead. As was the case in Iraq, the reality in Afghanistan is that everything is hard and it is hard all the time,” he said.

Protecting civilians and helping Afghan security forces pave the way for Afghan governance are more important to the mission than killing or capturing the enemy, he argued.

“You don”t kill or capture your way out of an insurgency,” Gen. Petraeus pointed out.

“What we learned from Marjah was it”s okay to announce that you”re coming if you don”t want to get into a slugfest right in the city you are trying to save,” he added.

“That means some of the bad guys are going to get out the back door. That”s okay, because we”ll track them down. The objective is to secure the population.” (ANI)

Workshop on use of textiles in agriculture to begin today

New Delhi, Sept 18 (ANI): The Ministry of Textiles and the Federation of Indian Chambers of Commerce and Industry (FICCI) will jointly organise a workshop on use of textiles in agriculture here today.

Over 100 delegates from various sectors like agriculture, the State Governments, agricultural universities, forest departments and institutes will attend the workshop.

The technical textiles are used in agriculture to fabricate shade-nets, crop-covers, mulch-nets, anti-hail nets, bird protection nets, fishing nets and greenhouse covers. The use of these items is very limited in the context of Indian agriculture.

The objective of the workshop is to sensitize stakeholders about myriad applications of technical textiles in agriculture and environmental engineering.

It will also create awareness amongst the stakeholders about the benefits of these items.

The workshop will also focus on various rules/legislations that need to be amended to facilitate the use of these textiles in various applications.

Technical textiles products used in the agriculture are known as Agrotech and those used for environmental protection are called Oekotech.

The major applications of Oekotech are for landfill waste management. It includes products used to prevent leakage of municipal or hazardous waste in landfills and suitable use of waste.

The consumption of these technical textiles products remains limited despite their perceived benefits.

With rapid urbanisation, the waste management has become major issue in India and Oekotech applications provide an effective way of managing the waste in an environment friendly manner. (ANI)

Adopt new, transparent selection process for police forces: Chidambaram

New Delhi, Sep 14 (ANI): Union Home Minister P Chidambaram on Monday asked the State Governments to adopt new, time bound and transparent selection process for the state police forces on the lines of the Central Police Force selection procedure.

Addressing the three-day long conference of the Directors Generals and Inspectors Generals of state police forces organized by Intelligence Bureau, Chidambaram said: “Revamp the recruitment procedures and make them quick, time bound and transparent. We have introduced a new recruitment procedure in the CPMFs that is based on technology, objective assessment and transparency. I would take this opportunity to urge State Governments to immediately adopt the new procedure.”

Chidambaram expressed concern over the way police officers are treated and asked states to constitute the police establishment boards as the earliest.

“Constitute a Police Establishment Board that would decide on transfers and postings. It is a matter of deep regret that many police officers have been reduced to a football, to be kicked here and there, from one post to another, without regard to the damage done to the job as well as the officer,” he said.

Expressing concern over the non providing of funds to the police forces by some of the states, Chidambaram said: “I am also concerned about the attitude of some State Governments to providing funds for the police. Let me remind you that Police and Public Order are State subjects. States are right in zealously guarding their turf. The Central Government has no desire to encroach upon the jurisdiction of the State Governments. Given the Constitutional responsibility, State Governments must provide adequate funds for the State Police. “

The Home Minister appealed to the state governments to change the practice of allotting the residue – after providing funds for other Plan and Non-Plan Schemes to the head of Police.

The Central Government increased over Rs.13, 000 crore in the budget of the current fiscal to strengthening the CPFs, and for Modernization of Police Force, CCTNS, Strengthening of Fire and Emergency Services, Scheme of ICP, etc.

Chidambaram called on the conference to mark the beginning of a process of reinventing the security system in the country.

“We must learn from our past mistakes. We must also learn from the experience of other countries. It is the neglect of tried and tested methods that has led us to a situation where we seemed unequal to the challenges that face the internal security of the country,” he said.It is not enough to walk with firm steps on the path that is known. We must also lay out a path forward that will draw heavily upon technology and innovation,” Chidambaram added.

He said once the ambitious projects of CCTN and NATGRID are fully rolled out and implemented, it would mark a quantum jump in our ability to counter the challenges that we face.

Chidambaram also stressed on the creation of a first rate National Counter Terrorism Centre.

“It is also my desire that once the Police Mission submits its report, we should implement the recommendations in a time-bound manner. There is the need to enact a “Model Police Act”. Mega-city policing is a new requirement, and there is much to learn from the experiences of other mega-cities,” Chidambaram said.

Chidambaram also asked the state police chiefs to sharply upgrade our Forensic Science Laboratories and make them among the best in the world. (ANI)