Friday, June 8, 2012

Cameron asks Merkel for sustainable measures on euro crisis



British Prime Minister David Cameron has asked the German government to take speedy measures to restore global financial markets' confidence in the euro zone's ability to tackle its debt crisis and to support its ailing banking sector on Friday

 "As far as the euro zone debt crisis is concerned, it is important that we need speedy and sustainable measures to counter the uncertainty in the financial markets with a firewall or bank capitalisation," Cameron said on Friday ahead of talks with Chancellor Angela Merkel.
 European economies, whether in the euro zone or not, are all affected by the current instability in the single currency area and therefore "it is important to have credible plans" to overcome the debt crisis, he told a joint news conference with Merkel.
 It is also necessary to implement structural reforms so that growth and competitiveness can be restored in the entire EU, he said.
Cameron denied any differences with Merkel over strict austerity measures championed by her as one of the remedies for the debt crisis. There is no conflict with Merkel over whether to give priority for growth or budgetary discipline, he said.
 "On one side, our economies need growth. On the other, we have to reduce our deficits. These two goals go hand in hand and we both are of the same opinion".
 Merkel said Britain and Germany shared the view that solid budgets and economic growth are not contradictory and they are a prerequisite to create new jobs.
“ She was convinced that the present difficulties facing the euro zone can be overcome and her government is determined to defend the stability of the single currency.”
 Referring to the EU fiscal pact on strict budgetary discipline agreed by 25 of the 27 member-nations earlier this year, Merkel said the instruments to overcome the present difficulties have been established and they must be implemented.
 Even though Britain has not joined the euro and it opted to stay out of the fiscal pact, there is no risk of Britain being left out of the core EU group, she said.
 However, Britain should not cut itself from the rest of the EU and should "build upon what we have achieved so far without putting the internal market in question," she said.
 Cameron reaffirmed the British position that it has no intention to join the single currency and it will not participate in the integration process of the EU.
Britain also will not be part of a banking union and it will not take guarantees for the credits of Greece or other debt-laden EU partners. But Britain is aware that the unity of the euro group should be strengthened in order to be in a position to solve future problems, he said.
 Britain will make sure that its "interests in the internal market will be safeguarded, it is fair and everyone in Europe can benefit from the market". Cameron said the fiscal pact "can be an important building block" of the euro group.
 However, that alone will not be sufficient and the euro zone should consider taking other measures so that the common currency can function well.

The annual PetroFed Oil & Gas Industry Awards for 2011 for excellence in performance in various categories were presented by the Union Minister for Petroleum & Natural Gas, Shri S. Jaipal Reddy here today. The awards for performance during fiscal 2010-11 were in 11 categories.

Shri Reddy congratulated the eight companies in the public and private sector and the individuals who received the awards and commended the apex hydrocarbon industry association for instituting the awards in 2007 to recognise and nurture talent and excellence in the oil & gas industry operating in India. Petroleum Federation (PetroFed) is an Association representing companies from public & private sector which are operating in Indian oil & gas sector ..

Welcoming invitees Chairman, PetroFed and Chairman, Indian Oil Shri R. S. Butola highlighted the need for keeping the spirit of healthy competition alive through such awards. Director General, PetroFed Shri A. K. Arora pointed out that the awards were reviewed every year for improvement and all companies operating in India in the oil & gas sector were eligible without any application fee.

The leading PetroFed award winners were Indian Oil and ONGC. All awardees of PetroFed awards were presented a trophy and a citation. Indian Oil bagged the Leading Oil & Gas Corporate Year of the award, the Oil & Gas Marketing – Company of the Year award and the one for Project Management (above Rs. 2000 crore) for their MS/HSD quality improvement and residue upgradation project at Gujarat Refinery. ONGC won the awards for Human Resources Management, Environmental Sustainability and the Innovator of the Year award by their team from the Institute of Oil & Gas Production Technology for developing ‘Viscoelastic Surfactants Based Self-diverting Acid (VSDA)’ for stimulation of oil & gas wells. Each of the five team members led by Mr. Y. R. L. Rao, Dy. General Manager (Production) also received a cash prize of Rs. one lakh.

Ms. Arpana Anand, Senior Project Manager from the Pipelines Division of Indian Oil was chosen as the Woman Executive of the Year . She also received a cash award of Rs. one lakh in addition to the trophy and citation.

The other award winners were Oil India Limited for Exploration & Production and Jindal Drilling Industries for Drilling Services. The Refinery of the Year award was bagged by Essar Oil while the Project Management award for Projects between Rs. 500-2000 crore went to HPCL for their Guru Gobind Singh Refinery Product Evacuation project. The award for Pipeline Transportation went to Cairn Indian Limited with GAIl (India) Limited being chosen for a Special Commendation in this category. A Special Commendation was also conferred on Mr. Arun Jayendran, Officer Trainee of HPCL in the Innovator of the Year – Individual category for his development and implementation of SCADA system at the Palghat LPG Plant. It was explained at the function that the award winners were selected through a rigorous process of collation by knowledge partner PricewaterhouseCoopers, evaluation by the Awards Committee led by Dr. Prodipto Ghosh, Distinguished Fellow, TERI and former Secretary to the Government of India and selection thereafter by an eminent Jury headed by the former Chief Justice of India, Hon’ble Mr. Justice J. S. Verma.

Description: 1
 
APPLICATIONS FOR L’ORÉAL INDIA FOR YOUNG WOMEN IN SCIENCE 2012 SCHOLARSHIPS NOW OPEN
 
10 Scholarships worth Rs. 2.5 lakhs each to deserving Class XII Science girl candidates from Delhi, NCR & Maharashtra
 
Delhi, June 2012: In its efforts to encourage women to pursue careers in science, L’Oréal India today announced, for the tenth consecutive year, the ‘For Young Women in Science’ Scholarships programme 2012. L’Oréal India will award scholarships to 10 remarkable Class XII girls from Maharashtra and Delhi/NCR. Each scholarship will consist of an amount of Rs. 2.5 lakhs, granted over a period of four years for graduate studies in a scientific field from a recognized college or university in India.
The L’Oréal India Scholarships For Young Women in Science Programme is an extension of the international L’ORÉAL UNESCO FOR WOMEN IN SCIENCE partnership.  The L’Oréal India For Young Women in Science Scholarships program with the support of the Indian National Commission for Cooperation with UNESCO has helped young women, passionate about science, to achieve their dreams and aspirations of pursuing a career in science. By providing the financial assistance to pursue scientific education, this scholarship reinforces the vocation of women in scientific disciplines.
 
“L'Oréal strongly believes that science is the source of progress, and the contribution of women is vital. That is why we have initiated this program and we have received tremendous response for the same. It gives us immense pleasure to be a part of their success as they move on to make a difference to society with their talent and commitment. It’s an inspiration to see these girls fight challenges and emerge as real winners. Entering the 10th year and still strong, we wish to reach out to many such deserving candidates in the coming years,” said Dinesh Dayal, Chief Operating Officer, L'Oréal India.  
 
Eligibility Criteria:
Young women who have passed their Class XII exams from Delhi/ NCR(Gurgaon, Ghaziabad, Noida, Faridabad)/ Maharashtra, in the current academic year (ended March 2012), with a minimum of 85% in PCM/PCB and not over 19 years of age on 31.05.2012 are eligible to apply for this scholarship. This scholarship is open for study in any field of science: medicine, engineering, information technology, pharmacy, biotechnology, and other graduate courses pertaining to science (B.Sc).
 
Procedure: Forms can be downloaded from www.foryoungwomeninscience.com or can be collected from L’Oréal India Pvt. Ltd., Peninsula Towers 2nd floor, G.K. Marg, Lower Parel, Mumbai 400 013. Forms need to be submitted along with the relevant documents (mentioned in the application form) no later than June 30th, 2012 at the address mentioned above. Short listed candidates will be interviewed by a jury and scholarships will be granted only upon securing admission. For further information, call 022 2498 3000/022 401 81 100 or write to us on fywis@in.loreal.com.
 
 
Note to the editors:
The L’Oréal India For Young Women in Science Scholarships Programme with the support of the Indian National Commission for Co-operation with UNESCO, has been initiated since 2003. This programme provides financial assistance to young women wanting to pursue their graduation in a scientific field.
To:
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