2012 worldsteel Safety and Health Excellence Recognition

New Delhi, 10 October 2012 – worldsteel has recognised four member companies, China Steel Corporation, Gerdau, NatSteel, and Tata Steel Limited for excellence in their safety and health programmes. Xiaogang Zhang, worldsteel’s Chairman for 2011/2012, said: “The goal of an injury-free work environment is the highest priority for our industry and the safety and health …

World Steel Association elects new officers and welcomes new members

New Delhi, 10 October 2012 – The Board of Directors of the World Steel Association (worldsteel) has elected the following new officers for 2012/2013: Chairman: Alexey Mordashov, General Director, Severstal JSC Vice Chairmen: Xiaogang Zhang, President, Anshan Iron & Steel Group Corporation Joon-Yang Chung, Chairman and CEO, POSCO Treasurer: John Surma, Chairman and CEO, United …

Social Security’s Investment Shortfall and US Government’s Financial Deficit Reporting = 64 Madoffs?

“The US Government has engaged in deceptive reporting on its financial performance for the last four decades,” writes World Scientific author Professor Nils Hakansson (University of California, Berkeley) in his book Social Security’s Investment Shortfall.  The concept of the Unified Budget currently employed by the US Government was mooted by President Lyndon Johnson and was …

Gold – the Hot Commodity of 2012 and 500 B.C.

With Interest in the Precious Metal High, Art Expert Examines Its Past If ever gold was precious, it’s now. “Gold has remained at or near record high prices, even while the value of other commodities falls,” notes art expert Terry Stanfill, author of Realms of Gold: Ritual to Romance (realmsofgoldthenovel.blogspot.com), a book that blends factual ancient …

Government notifies scheme for Financial Restructuring of State Owned Distribution Companies

The Government has notified a scheme for Financial Restructuring of State Owned Distribution Companies (Discoms) on 05.10.2012. The scheme contains various measures required to be taken by State Discoms and State Governments for achieving the financial turnaround of the Discoms by restructuring their debt with support through a Transitional Finance Mechanism by Central Govt. The …

Government to provide 24 hours electricity to all households in the country in the next 5 years, says Prime Minister

Prime Minister, Dr. Manmohan Singh today said the government aims to provide 24×7 electricity to all households in the country and affordable access to electricity in the next 5 years. One million households in India are now using decentralized solar energy to meet their lighting energy needs, said the Prime Minister. Government is also striving …

Finance Minister Shri P. Chidambram leaves for his first Official Visit Abroad tonight to attend Annual Meetings of World Bank and IMF in Tokyo

The Union Finance Minister Shri P. Chidambram is leaving tonight on an official tour to Tokyo, Japan to attend Annual Meetings of World Bank and IMF. He will also attend BRICS Finance Ministers’ and G 24 Ministerial Meeting also during his aforesaid visit. The Finance Minister will also hold bilateral meetings with Finance Ministers of …

Government decides not to Proceed for the Time being with the initial Public offer of 10% Paid-P Equity Shares Of Rashtriya Ispat Nigam Limited (RINL);

 Government Remains Committed to the Disinvestment Programme and will Evaluate the Decision in due Course keeping in View all Relevant Factors. Rashtriya Ispat Nigam Limited (RINL) had earlier proposed to make an initial public offer of 488,984,620 Equity Shares of Rs. 10 each by way of an offer for sale by the President of India, …