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INDIA’S EXCLUSIVE BI-WEEKLY NEWSPAPER FOR INTERNATIONAL
RNI NO. 56969/93 ASSIGNMENTS, BUSINESS & EXPORTS

UAE to implement new visa system

MUMBAI: WEDNESDAY, OCTOBER 10, 2018 VOL. XXVI NO. 64 AISHWARYA PUBLICATIONS PVT. LTD. ESTD. 1993 8 PAGES PRICE ` 10

T
Our UAE Correspondent ee since 2001. ers can buy the insurance policy celling the worker’s work permit as end of service benefits, leave
The guarantee is replaced at an annual cost of Dhs 60 or or purchasing of the new in- allowance, overtime allowance,
HE UAE’s Ministry of Hu- by a new insurance policy that provide a Dhs 3,000 bank guar- surance policy upon renewal unpaid wages, travel ticket to
man Resources and Emi- costs Dhs 60 annually per work- antee in accordance with the of the permit, the ministry said. the worker’s country, as well
ratisation (MoHRE) has er, providing coverage of Dhs existing system. The announcement came as work injury cases.
announced the implementation 20,000 per worker, covering Nasser Al Hameli, Minister following an agreement signed The domestic workers’ poli-
of the new visa and insurance their end of service benefits, for HRE, said the new insurance by the ministry with an insur- cies also cover the cost of re-
system for labourers replacing vacation allowance, overtime “will further protect workers’ ance conglomerate led by Dubai placing the worker in cases of
the old system of bank guar- allowance, unpaid wages, work- salaries through a six-fold in- Insurance Company in Dubai. interruption of work, health in-
antees. er’s return ticket and cases of surance coverage compared to In order for companies to efficiencies, or the domestic
The ministry said, the new work injury. the existing bank guarantee get their bank guarantees re- worker’s desire to cancel the
insurance system and bank The move is expected to system”. funded, they must not have work relationship, in addition
guarantee refund will begin secure workers’ rights in the The new scheme will also committed any violations related to the unpaid wages and the
mid-October, following a Cab- private sector and reduce the provide a new insurance to the to failure to pay salaries at least worker’s end of service benefits,
inet decision in June. A new burden on employers, while al- domestic workers and reduce six months before the renewal vacation allowance and over-
low-cost insurance system will lowing businesses to recover the cost of their recruitment, of the work permits. time allowance if not paid by
replace the bank guarantee approximately Dhs 14 billion. he said. The insurance policy for pri- the employer, a return ticket to
given by companies at the rate The ministry, however, said The bank guarantee refund vate sector workers covers the his country as well as work in-

Travellers to Saudi should use same $4-billion Saudi-Bahrain

of Dhs 3,000 for each employ- companies recruiting new work- will start mid-October on can- workers’ unpaid benefits such jury cases.

mode of transportation for entry, exit causeway tender in 6 mths

Foreign nationals holding commercial and work visit visas for Saudi
Arabia must enter and exit the country according to the mode of
travel specified in their visa sticker (typically through an airport)

S
Our Saudi Foreign nationals
Correspondent holding commercial or
work visit visas should
AUDI Arabia has check their visa stickers
brought in new to ensure that they are
regulations on for- following the correct mode
eign nationals entering of travel to enter and exit
or existing on visit visa. Saudi Arabia.
The new rules have In particular, foreign
come into effect. nationals commuting in
Foreign nationals and out of Saudi Arabia
holding commercial and through the King Fahd

C
work visit visas for Saudi Causeway, which links
Arabia must enter and Saudi Arabia and Bahrain, Our ME Correspondent to Bahrain, Abdullah bin Abdul- cost between $3 billion and $4
exit the country accord- should ensure that the malik Al-Sheikh, told Saudi-based billion, will include a railway line
ing to the mode of travel mode of travel printed in ONSTRUCTION on King broadcaster Al Arabiya that a for the GCC’s network, cargo
specified in their visa their visa sticker allows Hamad Causeway that tender for construction of the trains, and vehicle lanes.
sticker (typically through them to enter and exit in will connect Bahrain to bridge would be issued within Running parallel to the
an airport). this manner. Saudi Arabia will start in 2021, the next six months. King Fahd Causeway, which
This means no one Although there is no according to media reports. Work on the bridge that continues to face traffic con-
will be allowed to enter or official source confirming The authority supervising the will cross the Arabian Gulf will gestion challenges, the new
exit through a port the reasons behind this bridge project will launch a tender start in mid-2021 and take ap- route will provide another
(whether airport, seaport new ruling, it is assumed in six months. The bridge project proximately three years to transport link between Saudi
or land borders) other than that the entry restriction includes a rail line for the GCC complete, Mr Al-Sheikh said Arabia and Bahrain. Both
the ones mentioned in seaport or land border if were required to enter subsequent entries or de- is the immigration au- network, as well as vehicle lanes in an update reported by Ara- countries expect the network

Number of ultra-wealthy in
their visa stickers. For ex- he had entered the UAE according to their visa partures could be done thority's intent to reduce and cargo trains. bian Business. to support bilateral trade in
ample, an expat cannot through an airport. terms only for their initial through a land border or traffic at immigration bor- Saudi Arabia’s ambassador The causeway, estimated to goods and services.
exit the UAE through the Previously, visitors entry into the country. Any an airport. ders.

the Middle East to rise 28%

In four years there will be more demi-billionaires
in Asia – 2,940 – than in North America, 2,830

T
Our ME Correspondent timated that Middle East-based 2,100 demi-billionaires, com- data shows that they tend to
demi-billionaires in the Middle pared to 1,890 in Asia. take a longer view,” Winston
HE number of demi-bil- East will rise 28 per cent to ap- The report noted that despite Chesterfield, Director of Custom
lionaires – those with $500 proximately 500, up from 390 in global challenges, such as the Research at Wealth-X is quoted
million or more in net as- 2017. In Saudi Arabia alone, the increasingly-tense discussions as saying in the report.
sets – in the Middle East will demi-billionaire population is ex- on trade between the US and “The vast majority of UHN-
rise by more than a quarter, ac- pected to rise 17 per cent by China, the spectre of Brexit and WIs are entrepreneurs, and, as
cording to real estate consultancy 2022, to approximately 140. generally rising interest rates, such, have dealt with adverse
Knight Frank. The report predicts that in the number of ultra-wealthy in- business conditions before. As
Its half-year update of the four years there will be more dividuals has stabilised. a result, they are prepared to
Wealth Report, which analyses demi-billionaires in Asia – 2,940 “It is too early to say how take a more balanced view in
ultra-high net worth individuals – than in North America, 2,830. UHNWIs will react to the political periods of uncertainty or ambi-
(UHNWIs) around the world, es- In 2017, North America had events of 2018 so far, but our guity,” said Mr Chesterfield.
2 ASSIGNMENTS ABROAD TIMES, MUMBAI, WEDNESDAY, OCTOBER 10, 2018

OVERSEAS ASSIGNMENTS
URGENT REQUIRED FOR DUBAI
VACANCY IN LARGE NUMBER
Immediate Departure Free food OR Food Allowance

Licence no : B-0892/MUM/COM/1000+/5/9271/2017
Licence no : B-0892/MUM/COM/1000+/5/9271/2017

CLIENT INTERVIEW SHORTLY ON NEXT WEEK

MULTI WELDER
(TIG, MIG, ARC, ARON)
STRUCTURAL FABRICATORS
(STRUCTURE / PIPES )
6G WELDER (MIG, ARC, 3 Year Exp.
Required Age Below 30)
SANA - 8291892208 / PRIYA - 7506236922
AL-ALFANAR
MANAGEMENT SERVICES PVT LTD
Address:- Shop No. 5, Plot No. 39, Matru pitru
Chhatra Apt., Sector 5, Sanpada, Navi Mum - 705

FOURTH PRIORITY

Urgently reqUired for A leAding gAS

ProCeSSing PlAnt in rUSSiA.
(REF NO. SKD-526)
Client expeCted Shortly - preliMinary
interviewS in progreSS
 PLANNING ENGINEERS
 REPORTING ENGINEERS – Exp in Preparing
Daily, Weekly, Monthly Client reporting & internal reporting
 PROJECT CONTROL ENGINEERS (Civil & Steel)
 PROJECT CONTROL ENGINEERS (Mechanical)
 PROJECT CONTROL ENGINEERS (E&I)
 QUANTITy SURVEyORS (Civil & Steel)
 QUANTITy SURVEyORS (Mechanical)
 QUANTITy SURVEyORS (E&I) THIRD PRIORITY
 DCC ENGINEERS/ CLERKS
 CONTRACT ENGINEERS
 WAREHOUSE MANAGERS
 CIVIL ENGINEERS
 STEEL ERECTION ENGINEERS Urgently reqUired for A leAding
 WELDING ENGINEERS trAding & ContrACting Co. oil & gAS/


INSULATION ENGINEERS
SCAFFOLDING ENGINEERS (Calculation)
PetroCheMiCAl/ refinery ProJeCtS in
 SCAFFOLDING ENGINEERS (Inspection) qAtAr (REF NO. GS-551)
 PIPING & WELDING INSPECTORS – B.E + CSWIP Client expeCted Shortly – preliMinary
 TEST PACKAGE & PUNCH INSPECTORS – B.E interview in progreSS
 PAINTING & COATING INSPECTORS – CV SELECTION/ IMMEDIATE DEPARTURE
B.E + NACE/ BGAS
 FINANCE MANAGERS  PAINTERS
 MECHANICAL INSPECTORS – B.E
 NDT SUPERVISORS
 ACCOUNTANTS  HVAC TECHNICIANS
 PWHT SUPERVISORS  GENERAL WORKERS (Electrical + Plumbing)
 ELECTRICAL & INSTRUMENTATION  LIGHT DRIVERS (Valid Qatar License)
INSPECTORS – B.E  SPEED BOAT DRIVERS/ CAPTAINS
 EQUIPMENT INSTALLATION
FOREMAN:- Diploma/ ITI with 5 to 10 years exp in
Urgently reqUired for A leAding
installation & alignment of Rotating equipments like engineering Co. for the MAintenAnCe of
PlUMbing StAtion in KUWAit.
Pumps, Compressors etc.
 TOWER CRANE OPERATORS:- Holding
Third Party Certification
For All Categories: Qualified in Respective Discipline
(REF NO. GS-552)
with min 5-10 yrsexp in relevant field. Client expeCted Shortly – preliMinary
Apply online: suhsma@asiapower.co interview in progreSS

Urgently reqUired for their oil & gAS  PLANT OPERATORS (Water Treatment)
 HyDRAULIC MECHANICAL TECHNICIANS
ConStrUCtion ProJeCt in SAUdi ArAbiA  MECHANICAL TECHNICIANS
(REF NO. SKD-556)  ASSISTANT MECHANICAL TECHNICIANS
SAUDI ARAMCO PROJECT  ASSISTANT HVAC TECHNICIANS
FOR QA/QC INSPECTORS/ SUPERVISORS / ENgINEERS/
MANAgERS SAUDI ARAMCO APPROVAL/ SAP NO:
 ELECTRICAL TECHNICIANS
NEEDED. CV SELECTION
Urgently reqUired for A refinery/ oil
 QA MANAGERS (min 12-15 yrsexp)
 QC MECHANICAL SUPERVISORS & gAS/ PetroCheMiCAl/ PoWer PlAnt &
 QC E&I SUPERVISORS indUStriAl ConStrUCtion/ MAintenAnCe
QC PIPING INSPECTORS
& SERVICE PROJECTS IN THE SAUdi ArAbiA.

 QC WELDING INSPECTORS
 QC COATING SUPERVISORS (REF NO. GS-527)
 QC MECHANICAL INSPECTORS Client expeCted Shortly – preliMinary
 QC CIVIL INSPECTORS interview in progreSS
 QC COATING INSPECTORS
 STATIONARy EQUIPMENT SUPERVISORS
 QC E&I INSPECTORS
 PLANT & EQUIPMENT QC INSPECTORS  STATIONARy EQUIPMENT FOREMEN
 NDT COORDINATORS  RTR QC INSPECTORS  STATIONARy EQUIPMENT TECHNICIANS
(For above supervisors & Inspectors Min 4-8 yrs exp in relevant field) SHORTLISTING INTERVIEWS WILL BE HELD
 SAFETy OFFICERS (Min 3-7 yrsexp in NEBOSH/ BETWEEN 10 AM TO 5 PM (MON-SAT).
IGC/ IOSH/ OSHA &exp in Saudi ARAMCO) For detailed Job Description visit www.asiapower.in/jobs &
Apply online: sonal@asiapower.co search jobs according to Respective Ref No: GS-551/552/527
SHORTLISTING INTERVIEWS WILL BE HELD
BETWEEN 10 AM TO 5 PM (MON-SAT).
For detailed Job Description visit www.asiapower.in/jobs &
search jobs according to Respective Ref No: SKD-526& 556
MUMBAI: 204, beZZola CoMMerCial CoMplex,
Sion troMbay road, CheMbur, MuMbai-71
MUMBAI: 204, beZZola CoMMerCial CoMplex, CHENNAI: 28, aarti arCade, 4th Floor, 86 dr.
Sion troMbay road, CheMbur, MuMbai-71 radhaKriShna road, opp. avM raJeShwari Marriage
CHENNAI: 28, aarti arCade, 4th Floor, 86 dr. hall, Mylapore, Chennai – 600 004
radhaKriShna road, opp. avM raJeShwari Marriage DELHI: building no.9, 2nd Floor, above MagMa oFFiCe, Sant
hall, Mylapore, Chennai – 600 004
nagar Main road, eaSt oF KailaSh, new delhi – 110065
DELHI: building no.9, 2nd Floor, above MagMa oFFiCe, Sant
For Mumbai Email Id: simran@asiapower.co
nagar Main road, eaSt oF KailaSh, new delhi – 110065
For Chennai Email Id: chennai@asiapower.co
For Chennai Email Id: chennai@asiapower.co
For Delhi Email Id: delhi@asiapower.co
For Delhi Email Id: delhi@asiapower.co
“we have 30 yearS experienCe in exCellent
“we have 30 yearS experienCe in exCellent
overSeaS reCruitMent” Salary + perK overSeaS reCruitMent” Salary + perK

93
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 wednesday, october 10, 2018 assignments abroad times, Mumbai 3

overseas assignments
URGENTLY REQUIRED FOR A LEADING
CONSTRUCTION COMPANY QATAR
CLIENT INTERVIEW ON 11TH & 12TH OCTOBER 2018
INTERVIEW VENUE : Gulf test, Baba Nagar, Near Balaji
Restaurant, Hill Road, Bandra West, Mumbai-50
ONLY ECNR PASSPORTS ARE ACCEPTED GULF EXP. PREFERRED
MARKETING EXECUTIVE (Candidates must be degree holder
& Should have minimum 02 years experience in manpower field, having
good communication skill, Qatar driving license is must, South Indian preferred)
ELECTRICIANS (Should Knowledge of GI Conduit, Tray & Trunking,
Armored Cable pulling, Armored Cable Termination.)
PIPE FITTERS (Should Knowledge of Firefighting & Chilled Water)
PLUMBERS (Should Knowledge of PPR/PVC & Sanitary Fixing)
FREE RECRUITMENT
FREE FOOD & ACCOM. VACANCY IN LARGE NO’S
TIMING: 09.00 AM TO 05.00 PM ONLY
Contact us on : 9930857857 / 9930235678
S & S Travel Service License No: B-0264/MUM/PER/1000+/5/5757/2001

C.Art

FIRST PRIORITY

Urgently reqUired for one of the KoreAn

ConStrUCtion CoMPAny for their Klng
inStrUMent/ eleCtriCAl ProJeCt in
KUWAit (REF NO: AJ-321)
Client expeCted Shortly in MuMbai & delhi
preliMinary interview in progreSS
 QC INSPECTOR INSTRUMENT (GCC 5 Yrs Exp)
 ENGINEERS INSTRUMENT (GCC 5 Years Exp)
 WATCH MAN (High School With 2 Years GULF Exp)
 SCAFFOLDING SUPERVISOR
 SCAFFOLDER (Scaffolder ID)
 DRIVER Valid Kuwait Licens (LIGHT & BUS)
 TOOL KEEPER (INSTRUMENT)
 INSTRUMENT FITTER (Tube + Air pipe +
Instrument & stanchion install)
 ELECTRICIAN (Tray + Gland + Termination +
Pulling + Panel Instrument)
 PLATE WELDER (20 mm thick plate)
For All Categories min 5+ years Gulf/ Korean Company in
Oil & Gas Construction Projects
Apply online: nalini@asiapower.co

Urgently reqUired for one of te leAding

ConStrUCtion CoMPAny for their oil &
gAS/ PetroCheMiCAl ProJeCtS in KUWAit
(REF NO. AJ-372)
CONSTRUCTION PROJECT
 SR. ELECTRICAL ENGINEERS (Construction):
4 yrs Degree in Electrical Engineering from reputed university
with min 13-15yrsexpin OIL & GAS sector with EPC projects.
 SR. INSTRUMENT ENGINEERS
(Construction): 4 yrs Degree in Instrumentation &
Control/ Electronics engineering from reputed
universitywith min 13-15 yrsexpin OIL & GAS sector with
EPC projects.
 SR. CIVIL ENGINEERS: 4 yrs Degree in Civil
engineering from reputed universitywith min 12-15 yrsexp
in OIL & GAS sector.
05
 SR. PIPING ENGINEERS: Mechanical
05 Engineering Degree - 4 yrs (PMP preferable)with min
12-15 yrsexp in oil and gas sector with at least 5 yrsexp
05 in Gulf. It is essential to have plant layout, piping design/
engineering experience in an EPC environment.
06  INSTRUMENT SUPERVISORS: 3 yrs
03 Diploma in Instrumentation & Control/ Electronics with
min6-8 yrsexp in OIL & GAS sector. Experienced in
03 survey, installation, testing, calibration and
commissioning of various process instruments
03  CIVIL SUPERVISORS: 3 yrs Diploma in Civil
03 Engineer with min 6-8 yrsexp in OIL & GAS sector
preferably with 3 yrs of Gulf exp.
03  MECHANICAL SUPERVISORS: 3 yrs
Diploma in Mechanical Engineering with min 6-8
03
yrs exp in OIL & GAS sector preferably with 3 yrs of
Gulf exp. Experienced in oil and gas project for piping
05
and equipment erection activities.
Apply online: neelam@asiapower.co
05
SHORTLISTING INTERVIEWS WILL BE HELD
03 BETWEEN 10 AM TO 5 PM (MON-SAT).
For detailed Job Description visit www.asiapower.in/jobs &
03 search jobs according to Respective Ref No: AJ-321& 372
03
03
05 MUMBAI: 204, beZZola CoMMerCial CoMplex,
05 Sion troMbay road, CheMbur, MuMbai-71
CHENNAI: 28, aarti arCade, 4th Floor, 86 dr.
20 radhaKriShna road, opp. avM raJeShwari Marriage
10 hall, Mylapore, Chennai – 600 004
DELHI: building no.9, 2nd Floor, above MagMa oFFiCe, Sant
nagar Main road, eaSt oF KailaSh, new delhi – 110065
For Chennai Email Id: chennai@asiapower.co
For Delhi Email Id: delhi2@asiapower.co
“we have 30 yearS experienCe in exCellent
overSeaS reCruitMent” Salary + perK

90
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4 assignments abroad times, Mumbai, wednesday, october 10, 2018

overseas assignments

SECOND PRIORITY

NASSER S. AL HAJRI CORPORATION (NSH)

Urgently reqUired for A leAding
engineering & ConStrUCtion CoMPAny for
their lArge oil & gAS/ PetroCheMiCAl/
refinery ProJeCtS in Middle eASt.
(REF NO. VR-659)
viSa ready – iMMediate departure
Client interview Shortly - GULF EXP
PREFERRED vacancies is in
oil & gaS FitterS / petroCheMiCal large numbers
reFinery ConStruCtion proJeCtS
 STRUCTURAL FITTERS/ PIPE
FITTERS/ INDUSTRIAL
ELECTRICIANS: ITI Holders/Scaffolders: Valid
third party ID or Certificate
 MILLWRIGHT FITTERS/ MILLWRIGHT
SUPERVISORS/ MILLWRIGHT
FOREMEN: ITI/Diploma with min7yrs work exp
as Millwright Supervisor 5yrs as Millwright Foreman in
construction of Oil & Gas projects
 SUPERINTENDENT STRUCTURAL/
SUPERINTENDENT PIPING/
ENGINEER STRUCTURAL/
SUPERVISOR STRUCTURAL/
SUPERVISOR ELECTRICAL/
SCAFFOLDING ENGINEERS: B.E/B.E Tech
or Diploma in Mechanical Engineering with Min 10 yrs as
Superintendent, 8 yrs as Engineer, 7 yrs Supervisor exp
in construction Oil & Gas Project
 LEAD PLANNING ENGINEERS (SMP)/
LEAD PLANNING ENGINEERS (E&I)
SCHEDULERS/ PLANNERS – B.E/ B.TECH
or Diploma in Mechanical 5 yrs as in construction Oil &
Gas Project
 LEAD QUANTITy SURVEyORS -
Mechanical/ Quantity Surveyors (E&I)/ Environmental
Engineers/ HSE Engineers/ HSE Supervisors: Min 10
yrs exp for Lead and 5 yrsexpfor Engineers in Oil & Gas
construction project
SHORTLISTING INTERVIEWS WILL BE HELD
BETWEEN 10 AM TO 5 PM (MON-SAT).
For detailed Job Description visit www.asiapower.in/jobs &
search jobs according to Respective Ref No: VR-659

MUMBAI: 204, beZZola CoMMerCial CoMplex,

Sion troMbay road, CheMbur, MuMbai-71
CHENNAI: 28, aarti arCade, 4th Floor, 86 dr.
radhaKriShna road, opp. avM raJeShwari Marriage
hall, Mylapore, Chennai – 600 004
DELHI: building no.9, 2nd Floor, above MagMa oFFiCe, Sant
nagar Main road, eaSt oF KailaSh, new delhi – 110065
For Chennai Email Id: nekson@asiapower.co
For Chennai Email Id: chennai@asiapower.co
For Delhi Email Id: delhi@asiapower.co
“we have 30 yearS experienCe in exCellent
overSeaS reCruitMent” Salary + perK

91
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A special section of Assignments Abroad Times WEDNESDAY, OCTOBER 10, 2018 ASSIGNMENTS ABROAD TIMES, MUMBAI 5

K
AAT News Service first lessons an investor should to get caught up in waves of masses to understand the stock from the investment decision- fact remains that the market will stand a chance. There's an old
learn is that the stock market is emotion. Fear and worry can market and take right decisions making process. What seems rise again from the ashes. saying that the best thing to do
AILASH Patankar is a not a steady place of investment. lead to panic – which could offers some insights about doing like a massive global catastro- The most important thing to during a bear market is to play

How To Ride Out

Mumbai-based corporate It is bound to vacillate between cause you to make serious and the right things when the market phe one day maybe remem- keep in mind during an economic dead – it's the same protocol as
executive in his mid-thir- buying and selling pressures. If costly mistakes. To be an edu- is down. So don't despair – there bered as nothing more than a slowdown is that it's normal for if you met a real grizzly in the
ties. He has been watching the one is a long-term investor, such cated investor, it’s important to is hope. Understand the following blip on the radar screen a few the stock market to have nega- woods. Fighting back would be
stock market climb from early gyrations should not matter. The know how to deal with the emo- key investment strategies and years down the road. tive years – it's part of the busi- very dangerous. By staying calm
20,000 levels only a few years roller-coaster ride will give you tional side of investing so you mindsets which will help you We have the example of the ness cycle. If you are a long- and not making any sudden

Market Volatility
ago to the all-time high of 38,000. moves, you'll save yourself from
His friends have been advising becoming a bear's lunch.
him to invest in stock market as Another important thing one
they had assured him that the could do is to diversify. Having
stock market is the safest in- a percentage of your portfolio
vestment for long-term investors. spread among stocks, bonds,
He had been resisting the temp- cash and alternative assets is
tation as he always believed the core of diversification.
that the stock market was a Value investors such as War-
gamblers' den. He believed in ren Buffett often view bear mar-
the time-honoured bank fixed kets as buying opportunities be-

The relentless fall in stock market last week

deposits although FDs gave him cause the valuations of good
very little in terms of returns. companies get hammered down

has dampened the hopes of many newbies

However, the quick rise in along with the poor companies
the market in a short time as and sit at very attractive valua-

and weak-hearted investors. But they need

the stories of people who have tions. Mr Buffett often builds up
made it big in the market made his position in some of his

not fret. Here’s why

him change his mind almost a
year ago. He withdrew his fixed
deposits money and invested it
in the stock market over a period
of three months.
He was quite happy his in-
vestments started yielding posi-
tive results and the returns were
much more than his fixed de-
posits would offer him in years.
He was really glad that he took
the plunge. Until last week when
he saw all his profits wiped away
in a span of a few days.
The stock market crash of
last week created in the minds
of investors like Kailash who
blamed himself for entering the
stock market. And there are many
such persons who feel the same
about their decision to enter the
market in the recent past.
As a result of such panic,
some of them have started sell-
ing to “if only to recover our
principal amount”. Many of those
who entered the market through
Systematic Investment Plan
(SIP) have decided to stop
pumping in fresh money.
But what should a sane
enough thrills on the way and
make you happy.
can avoid making mistakes in
times like these – and avoid los-
stay calm and play dead when
the stock market takes a swipe
collapse of Lehman Brothers
which had its ripple effects across
the world including India in 2008
and after. The market took a lot
of time to recover from that
shock. The Sensex had col-
lapsed from near 20,000 to below
10,000. Yet, where is the Sensex
now? It climbed up to 38,000
plus. Although it has now fallen
term investor (meaning a time
horizon of 10+ years), one option
is to take advantage of averag-
ing. By purchasing shares re-
gardless of price, you end up
buying shares at a low price
when the market is down. Over
the long run, your cost will "av-
erage down", leaving you with a
better overall entry price for your
favourite stocks during less-than-
cheery times in the market be-
cause he knows the market's
nature is to punish even good
companies by more than they
deserve.
But it’s impossible to predict
the market’s future. When in-
vestors try to time the market
this way, they generally end up
losing more money than if they’d
left their investments alone as
they ride out the roller coaster.
There are some ground rules.
If you are more than 10 to 15
years from retirement and in-
vesting for the long term, you
probably don’t have to worry
about what the market does on
a given day. The key to long-
term investing is defining your
risk tolerance beforehand and
building a portfolio that you are
comfortable with. It’s called asset
allocation, and once you have
settled on it, you need not worry
unless your allocation gets com-
pletely wiped out.
Financial professionals will
tell you that asset allocation and
regular portfolio rebalancing is
the best long-term strategy. If

World Ozone Day, an opportunity to focus

investor do? It is not easy to stay sane ing thousands of dollars. at your returns. to 34,000, it is still way above shares. you can follow these strategies,
amidst such volatility. But in the Investopedia that has been Investors should try to al- the pre-Lehman peak of 20,000. During a bear market, the then you need not be like Kailash
None of the above. One of the midst of a market dip, it’s easy set up to educate the investing ways separate their emotions The market can still fall, but the bears rule and the bulls don't and fret about market crashes.

global attention on protection of ozone layer

S
AAT News Service He also released two handbooks riculum’ was also released. are alternative ways to cooling tions which can help reduce the the suggested interventions stat- main after receiving
for trainers and technicians on Addressing the gathering, that should be looked at. An- cooling demand. This will help ed in ICAP are – Recognition comments/suggestions. Recog-
TRESSING upon the ‘Good Service Practices and in- Secretary, MoEF&CC, C K other issue is an army of trained in reducing both direct and in- of cooling and related areas as nising that integrated actions,
need to strengthen active stallation of room air conditioners Mishra said, the ministry has manpower to handle manufac- direct emissions. The thrust of a thrust area of research under taking a holistic view on the
collaboration between with HCFC-22 and flammable developed a very strong linkage turing and maintenance.” He ICAP is to look for synergies in national science and technology cooling requirement across sec-

India, 1st country in the world to develop

the government, industries, in- refrigerants’. Mr Vardhan also with the industry and other also pointed out to the criticality actions for securing both envi- programme to support devel- tors with long term perspective
dustry associations and all presented awards to students stakeholders. Along with energy of the need for finances and ronmental and socio-economic opment of technological solu- (20 years) will have a higher
stakeholders, Union Minister for tions and encourage innovation impact than either of the actions

document on Cooling Action Plan

Environment, Forest and Cli- challenges; ii) Reduction of cool- taken in isolation, the ministry
mate Change, Harsh Vardhan ing demand across sectors by had initiated the process for de-
said that the World Ozone Day 20 per cent to 25 per cent by veloping the Cooling Action Plan
celebrated on September 16 2037-38; iii) Reduction of re- in July 2017.
every year offers an opportunity frigerant demand by 25 per cent ‘Keep Cool and Carry on’,
to focus global attention and to 30 per cent by 2037-38; iv) the Montreal Protocol was the
action on the vital environmental Reduction of cooling energy re- theme of 24th World Ozone Day
issue of protection of ozone lay- quirements by 25 per cent to celebrations.
er. 40 per cent by 2037-38; and v) The Montreal Protocol is the
Mr Vardhan said, this is a Training and certification of only environmental treaty which
hallmark in implementation of 1,00,000 servicing sector tech- enjoys universal ratification of
ozone depleting substances nicians by 2022-23, in synergy 197 UN member countries. The
(ODS) phase-out programme with Skill India Mission. Montreal Protocol on substances
in the country. He pointed out The broad objectives of the that deplete the ozone layer
that the Ministry of Environment, India Cooling Action Plan include has been recognised as the
Forest and Climate Change – i) Assessment of cooling re- most successful international
(MoEF&CC) has already un- quirements across sectors in environment treaty in history.
dertaken an important initiative next 20 years and the associ- Its implementation has not only
for upskilling 1,00,000 refriger- ated refrigerant demand and led to the phase-out of around
ation and air-conditioning serv- energy use; ii) Map the tech- 98 per cent of ozone depleting
icing technicians in collaboration nologies available to cater the chemicals, but also averted
with the Ministry of Skill Devel- cooling requirement including more than 135 billion tonnes of
opment and Entrepreneurship passive interventions, refriger- carbon dioxide equivalent emis-
(MSDE) under Pradhan Mantri ant-based technologies and al- sions. Nearly, two million cases
Kaushal Vikas Yojana (PMKVY) ternative technologies such as of skin cancer per year have
– Skill India Mission. There is not-in-kind technologies; iii) Sug- been averted globally.
need to work consistently under gest interventions in each sector India has consciously cho-
the aegis of the Montreal Pro- to provide for sustainable cooling sen a path for most environ-
tocol to phase-out ODS. and thermal comfort for all; iv) ment-friendly and energy-effi-
The minister released the Focus on skilling of RAC service cient technologies while phasing
draft India Cooling Action Plan technicians; and v) Develop an out ozone depleting substances,
(ICAP) and a booklet on ‘Mon- for competitions in painting, efficiency, it is critical to identify expanding research and devel- benefits. The overarching goal R&D innovation ecosystem for unlike many of the developed
treal Protocol – India’s Success poster and slogan organised on the usage of gases and not opment (R&D). of ICAP is to provide sustainable indigenous development of al- countries. India is among the
Story’. A refurbished website on World Ozone Day. Besides merely replacement of gases. India is the first country in cooling and thermal comfort for ternative technologies. few countries globally and a pi-
the ozone cell of the ministry these publications, ‘A Guide for He emphasised that the gov- the world to develop such a all, while securing environmental ICAP had been prepared by oneer in some cases, in the
and a Management Information integration of topics related to ernment’s effort is to provide document (ICAP), which ad- and socio-economic benefits for the ministry after extensive de- use of technologies, which are
System (MIS) for ODS were HCFC Phase out and Energy thermal comfort to those who dresses cooling requirement the society. liberations and multi-stakehold- non-ozone depleting and have
also launched on the occasion. efficiency in Architectural Cur- have no access to it. “There across sectors and lists out ac- The goals emerging from ers engagement in public do- low global warming potential.
8 MUMBAI, WEDNESDAY, OCTOBER 10, 2018
Varun and Anushka are Skill
India campaign ambassadors
T
AAT News Service different parts of the country. ister Modi,” he further added.
“Varun and Anushka, through Led by the Ministry of Skill
HE Bollywood stars – this unique film, are bringing to Development and Entrepreneur-
Varun Dhawan and Anush- focus the incredible skills and ship (MSDE), Skill India aims at
ka Sharma – have been talent of our homegrown artisan standardising vocational training
signed on to promote and en- and craftsmen community. It is – both new-age and traditional
dorse the ‘Skill India’ Mission really heartening to see actors skills – helps in creation of latest
chaired by the Prime Minister, like them doing a film that has infrastructure, ensures industry
Narendra Modi. such a significant social mes- partnerships to extend technol-
The duo, through their film sage. India is one of the youngest ogy support to make the youth
Sui Dhaaga – Made in India, countries in the world; and it is more employable and assists in
are saluting India’s entrepreneurs a matter of great pride for us to creating opportunities of em-
and skilled workforce, especially see such dedicated and pas- ployment for the youth.
homegrown artisans, craftsper- sionate skilled youth with entre- This has led to more than
son and weavers who are making preneurial skills in our country, one-crore youth joining the ‘Skill
the country proud the world over. who are bringing name and fame India’ Mission every year and
The film highlights the un- to the nation with their work,” transforming their lives through
tapped potential of India’s tal- said Dharmendra Pradhan, better livelihood.
ented craftsmen and skilled work- Union Minister for Skill Devel- Varun said, “Prime Minister
ers at the grass-roots level and opment and Entrepreneurship. Modi has displayed incredible
the challenges and issues faced “I wish this endorsement by vision and genuine foresight in
by them. Varun and Anushka, both actors encourages and in- aiming to organise, skill, train
the star cast of the film, have fluences the youth to take up and give financial support and
partnered ‘Skill India’ and will skill training and earn a better backing to our craftsmen, arti-
dedicate time to promote India’s livelihood for themselves and sans and similar workmen”.
T
skilled talent and their fine work help us in creating the ‘New Anushka said, “the campaign
Fashion Corner
by engaging with them across India’ envisioned by Prime Min- reflects the government’s deter-
HE military relationship
between Beijing and
Moscow has gathered
pace in the past few years, as
both countries have seen their
relations with Washington dete-
riorate. Both countries are un-
dergoing intense military mod-
ernisation and reform, and Chi-
nese President Xi Jinping wants
to turn his armed forces into a
more expeditionary fighting force.
Against this background,
Chinese and Russian troops
held joint maneuvers recently,
marking the first time Moscow
has invited a country outside a
tight circle of former Soviet allies
to its largest annual exercises
and offering Chinese generals
rare and valuable experience
training outside their country’s
borders.
Russia launched what it
called its largest-ever military
drills, with hundreds of thousands
of troops taking part along with
Chinese soldiers in a show of
force North Atlantic Treaty Or-
ganization (NATO) condemned
as a rehearsal for ‘large-scale
conflict’.
Around 3,00,000 soldiers,
36,000 military vehicles, 80 ships
and 1,000 aircraft, helicopters
and drones took part in the drills
in Russia’s far eastern city Vladi-
vostok. Some 3,500 Chinese
troops also participated in the
games. A video footage showed
military vehicles, planes, heli-
copters and ships getting into
position for the initial stage of
the drills.
While Russia has been con-
ducting similar war games every
four years, the armed forces of
China are taking part for the first
time in the ongoing session. The
maneuvers are obviously intend-
ed to show off Moscow’s strategic
ties with Beijing and to keep
Washington in check.
Russia’s ties with the US and
Europe remain strained. The
country came under fire when it
one-sidedly annexed Ukraine’s
Crimea in 2014. Russia is also
at loggerheads with the West,
including over its suspected in-
tervention in the latest US presi-
dential election and over suspicion
of attempted murder, by poison-
Printed by N.R.K. Pillai 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: N.R.K. Pillai.
mination to include and support
the talented skilled force of the
country. While making the film,
we came across so many stories
of talented, skilled craftsperson
and artisans who don’t get a
fair chance to showcase their
talents.”
The campaign has brought
about multiple policy interven-
tions though its Skill Develop-
ment and Entrepreneurship Pol-
icy, comprehensive changes in
the Apprentices Act, 1961 and
introducing the Pradhan Mantri
Kaushal Vikas Yojana (PMKVY)
which together aims at providing
best-in-class training to country’s
workforce and formally recognise
their skills.
MSDE’s Recognition of Prior
Learning programme under
PMKVY recognises the skills
and experience gained through
years of working, bringing about
a major shift from unorganised
sector to the organised sector.
ing, of a former spy in Britain.
Vladimir Putin, Russian Pres-
ident praised Russia’s increas-
ingly close ties with China as
he met with Xi at the economic
forum in Vladivostok.
China, Russia
“We have trustworthy ties in
political, security and defence
spheres,” the Russian leader
said.
Military Ties
Gather Pace
Xi for his part said the two
countries’ “friendship is getting
stronger all the time.” The drills,
which also included Mongolian
soldiers, have been condemned
by NATO as a rehearsal for
“large-scale conflict”.
The military exercises came
at a time of escalating tensions
Successful air-to-air refuelling
of light combat aircraft Tejas
I
AAT News Service cessfully conducted from Sep-
tember 4-6, 2018, where the
N a significant achievement drogue (basket) extended from
and a major step towards fi- the IAF tanker aircraft by a fuel
nal operational clearance of hose, was tracked and plugged
light combat aircraft (LCA) Te- into using the aircraft refuelling
jas, the mid-air refuelling of probe without taking fuel.
‘wet contact’ trial for LCA Tejas The IAF provided all required
MK-1 was successfully carried support to Defence Research
out from an Indian Air Force and Development Organisation,
(IAF) base. including the tanker aircraft for
Before this ‘wet contact’ trial, the successful test flight. The
the ‘dry contact’ trials were suc- air-to-air refuelling capability for
between Moscow and the West this, of course, in conditions
over accusations of Russian in- as close to a combat situation
terference in western affairs and as possible”.
conflicts in Ukraine and Syria. The Russian army rolled out
The Russian army has com- all of its latest additions for the
pared the show of force to the event: Iskander missiles that can
USSR’s 1981 war games that carry nuclear warheads, T-80
saw between 1,00,000 and and T-90 tanks and its recent
1,50,000 Warsaw Pact soldiers Su-34 and Su-35 fighter planes.
take part in Zapad-81 (West-81) At sea, the Russian fleet de-
ployed several frigates equipped
with Kalibr missiles that have
been used in Syria.
The games featured anti-air-
craft technology too. NATO said
that Vostok-2018 “demonstrates
Russia’s focus on exercising
large-scale conflict” but, Putin’s
The country came under fire when
it one-sidedly annexed Ukraine’s
Crimea in 2014. Russia is also at
loggerheads with the West,
including over its suspected
intervention in the latest US
presidential election and over
suspicion of attempted murder, by
poisoning, of a former spy in Britain
spokesman dismissed such con-
cerns, saying these are very im-
portant drills but they are part of
routine annual work to develop
the armed forces.
Relations between Russia
and the West declined sharply
in 2014 with Moscow’s annexa-
tion of Crimea and the outbreak
of a Kremlin-backed uprising in
eastern Ukraine.
Ties between Russia and
China have strengthened in the
aftermath of the West’s sanctions
on Russia in the wake of the
Ukraine crisis. While Russia re-
mains a pre-eminent military
power, it is not an economic
powerhouse.
On the other hand, China
– the largest military exercises has emerged as the world’s sec-
of the Soviet era. ond-largest economy, and count-
But Defence Minister Sergei ing. Even though Russia has
Shoigu said “these exercises been historically suspicious of
are even larger. Imagine 36,000 China’s intentions in its eastern
military vehicles moving at the provinces, circumstances have
same time: tanks, armoured brought the two together in a
personnel carriers, infantry strong partnership.
fighting vehicles – and all of Russia’s suspected meddling
LCA is a ‘force multiplier’ for
the IAF, giving the aircraft the
potential to stay airborne for
much longer periods of time.
Readers are advised to make ap-
propriate enquiries before entering
into any commitment or making
payments in relation to any adver-
tisement published in this paper.
Assignments Abroad Times shall
not be held responsible for any con-
sequences thereon.
Publisher
in American and European do-
mestic affairs, including elections,
has not made relations between
Moscow and the West easier.
Under Xi, Beijing has made
its ambitions for global expan-
sion clear, and the Vostok exer-
cise is a major step in this en-
deavour. The Kremlin has ac-
cused NATO of expanding west-
wards and threatening Russian
national security.
Moscow has increased the
number of its large-scale military
exercises in the Caucasus, the
Baltic and the Arctic in recent
years. Russia’s previous military
exercise in the region, Vostok-
2014, was almost half the size,
with 1,55,000 soldiers partici-
pating.
The country’s war games in
Eastern Europe last year, Za-
pad-2017, saw 12,700 troops
take part, according to Moscow.
Ukraine and the Baltic states
said the true number was far
bigger. The war games strength-
en India’s role as a stabilising
power in the region, which is
not part of any bloc and can
work with all countries, to col-
lective advantage. India’s diplo-
macy in Africa, channelling
Japanese funds, using Indian
goodwill and ability to be ef-
fective locally, is but one ex-
ample.
New Delhi can pretend there
are no problems in India’s rela-
tionship with its northern neigh-
bour, but the tensions, beneath
the surface, will continue to deep-
en. India, just like the US and
Europe, must take note of this
development.
– PTI Feature