LATEST HEADLINES : Jaitley slams oversight lapses after PNB fraud | RBI says had issued warnings on possible misuse of SWIFT system | India allows private firms to mine coal for commercial use | Indian software services sector to grow 7-9 percent in FY19 - lobby group | Not privatisation, there is another way to make banks fraud-proof | Coal India monopoly to end as decks cleared for mining by private players | State cannot sit in judgement on Aadhaar, SC told | RIL signs Rs 60,000-cr MoUs at Maharashtra summit | Slippers thrown at Patnaik as Bijepur bypoll gets ugly | 'Modicare to initially cost less than Rs 12K cr a year' | Workers want Rs 15K minimum pension under EPS-95 | Bank fraud set to rock second leg of Budget session | Income Tax raids 20 premises linked to Gitanjali | All-women crew to operate train station in Jaipur | FM Arun Jaitley breaks silence over PNB fraud | 87,000 jobs lost in manufacturing sector: ES | Mahamastakabhisheka spectacle unfolds in K'taka | India Ratings downgrads two Nirav Modi-owned cos | RIL acquires 5% stake in Eros International | I-T department slaps fresh charges on Nirav Modi | Maha gets Rs 12.1 tn investment commitments | COAI slams Trai for biased rules favouring Reliance Jio | India Inc to invest $1 bn, create 5K new jobs in Canada | PSBs may be more cautious towards diamond business | CBI continues raids in Rotomac case | Delhi chief secy alleges assault by AAP MLAs | aipur gets first all-women railway station | Digital authentication startup eMudhra looks to make a mark abroad | Need to reskill workforce on disruptive technology: PM Narendra Modi | Narendra Modi launches Nasscom's 'FutureSkills' platform | Deposit Rs 100 million to pay interest to home-buyers: SC to Supertech | WhatsApp to go ahead with 'full feature' money transfer service in India | Ageless Federer rides his time machine back to the top | Cauvery verdict: Applause in K'taka, ire in TN  




ADDENDUM : How to deal with anxiety ? [-]
"Worrying is carrying tomorrow's load with today's strength- carrying two days at once. It is moving into tomorrow ahead of time. Worrying doesn't empty tomorrow of its sorrow, it empties today of its strength." - Corrie ten Boom

"Man is not worried by real problems so much as by his imagined anxieties about real problems" - Epictetus

"Okay, so, flying," I started, taking a deep breath and focusing on the thing I loved most in the world. "Flying is … great. It feels great when you're doing it. It's fun. Pure freedom. There's nothing better." Dylan smiled, a slow, easy smile that seemed to light up his whole face. "So the first thing we're going to do," I told him, "is push you off the roof." - James Patterson, Fang

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The deer scent the wolves and stand silent and watchful. They turn and leap off like ballerinas, their plume-like tails raised in alarm." - Kathleen Valentine, Each Angel Burns: A Novel

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"Selfish— a judgment readily passed by those who have never tested their own power of sacrifice."

"Selfishness is not living as one wishes to live, it is asking others to live as one wishes to live." - Oscar Wilde

"Declare your jihad on thirteen enemies you cannot see -egoism, arrogance, conceit, selfishness, greed, lust, intolerance, anger, lying, cheating, gossiping and slandering. If you can master and destroy them, then you will be read to fight the enemy you can see." - ??? ???? ???? ???????


Global Commission on the Future of Work

ILO Global Commission tackles
changes needed for fair future of work

Thesynergyonline Economics Bureau

The Global Commission on the Future of Work convened for the second time at ILO headquarters in Geneva, Switzerland, 15-17 February.

GENEVA : The Global Commission on the Future of Work focused its second meeting on a continuing discussion of the main themes that are shaping the future of the world of work.

PNB launches new agriculture

Thesynergyonline Banking Bureau

A two days Agriculture Conclave has been organized by Punjab National Bank at Manekshaw Centre, New Delhi. The Conclave is based on the theme "Agri Bank within Bank".
The conclave was inaugurated by Mr Sunil Mehta, Managing Director & CEO, Punjab National Bank. More than 900 agriculture officers of PNB across the country are participating in this GRANDUTSAV.

AAI signs MoU with Honeywell
Technology Solutions

Thesynergyonline Aerospace Bureau

Airports Authority of India (AAI) signed a memorandum of understanding (MoU) with Honeywell Technology Solutions to develop a long term collaboration in the field of aviation technologies, systems and procedures, with emphasis on improving safety, security, efficiency, capacity and environmental aspects of India's aviation operations and infrastructure.

World Day of Social Justice

Social justice for migrant workers
is in everyone’s interest

Fair treatment for the world’s 150 million migrant workers is in everyone’s interest, and requires labour migration to be well-governed and effective, says ILO Director-General Guy Ryder.
Social justice is a cornerstone of lasting peace and prosperous coexistence.

Job centre for Syrian refugees
opens in Jordan camp

Thesynergyonline Economics Bureau

The ILO and UNHCR launch the Azraq Centre for Employment to help refugees access work permits and find employment.

AZRAQ CAMP, Jordan : The International Labour Organization (ILO) and the UN Refugee Agency UNHCR inaugurated the Azraq refugee camp’s first employment centre.

Rajesh Kakkar takes charge as Director (Offshore), ONGC

Thesynergyonline Corporate Bureau

Mr Rajesh Kakkar has taken over charge of Director (Offshore) of Oil and Natural Gas Corporation (ONGC) today. As Director (Offshore), he will look after oil and gas production from ONGC’s offshore fields that contribute 70% and 78% of ONGC’s domestic crude oil and gas production respectively.

PNB holds CSR activity at Compassionate Missionaries

Thesynergyonline Banking Bureau

Punjab National Bank (PNB) organised a Corporate Social Responsibility ( CSR) activity was organised at Compassionate Missionaries, a Home for the vulnerable destitute Kashmere Gate, New Delhi on 16th February 2018 wherein food items,medicines and other articles were given for the needy inmates of the organization.

MRPL receives first cargo of US crude

Thesynergyonline Corporate Bureau

MANGALURU, February 16 :
Mangalore Refinery and Petrochemicals Limited (MRPL) on Friday received its first cargo of US crude. The crude tanker MT Maran Poseidon carrying 1.0 Million Barrels of Southern Green Canyon crude (1,41,000 MT) arrived at New Mangalore Port (NMPT) for unloading its cargo to MRPL tanks.

AAI takes steps to enhance passenger
convenience at Goa airport

Thesynergyonline Aerospace Bureau

With an objective of improving overall efficiency of airport operations for the benefit of passengers and other stakeholders, Dr. GuruprasadMohapatra, Chairman, Airports Authority of India(AAI) inaugurated an Airport Operations Control Center (AOCC)and a help desk at Goa International Airporton Friday.

SPN supports 'Kids On Rampage' event with India Vision Foundation

Thesynergyonline Entertainment Bureau

Sony Pictures Networks India (SPN) supported the annual 'Kids on Rampage' event organized by India Vision Foundation. 'Kids on Rampage' is India Vision Foundation's annual event jointly organized with Navjyoti Foundation, where young children who they support walked the ramp.

PNB takes proactive stand on
fraud detection, steps up action

Thesynergyonline Banking Bureau

The fraud which was detected by Punjab NationalBank (PNB) recently is a standalone incident in one of bank's branches. It was started in March 2011. We have put our Inspection & Audit Department into action and have not found any other similar incidence , according to bank's statement.

All stakeholders must come together to increase travel & tourism sector's contribution to GDP: ITDC chief

Thesynergyonline Tourism Bureau

The Ministry of Culture is in talks with Ministry of Finance (FinMin) to incentivise India's tourism industry, union minister, Dr Mahesh Sharma said at an ASSOCHAM event held in New Delhi on Thursday.

3-pronged approach to end
discrimination of migrant workers

Afsar Syed Mohammad, Senior Technical Specialist and Margherita Licata, Technical Specialist Gender, Equality and Diversity and ILOAIDS Branch

When migrant workers leave their home, many encounter abuse and violence on their journey and discrimination once they arrive. This can be because of their status as migrants but also because of their ethnicity, sex, religion, and HIV status.

PNB holds sports and cultural activities

Thesynergyonline Sports Bureau

Punjab National Bank (PNB)organized All India PNB Inter Zone Sports &Cultural meet 2017-18 with gaiety and enthusiasm. Mr Sunil Mehta, Managing Director and CEO of the Bank inaugurated the meet at Karnail Singh Stadium New Delhi recently.

Child labour and forced labour

ILO reports important progress on child labour and forced labour

Thesynergyonline Economics Bureau

Monitoring team finds strong political will from central government to end fundamental labour rights' violations during the 2017 cotton harvest: Child labour is no longer an issue, while forced labour is being systematically addressed.

GENEVA : A new International Labour Organization report to the World Bank finds that the systematic use of child labour in Uzbekistan's cotton harvest has come to an end, and that concrete measures to stop the use of forced labour have been taken.

GAIL and CSRL to establish
two centres in the State

Thesynergyonline Corporate Bureau

Meritorious children from underprivileged families in Uttarakhand can now dream of studying in prestigious Indian Institutes of technology and other top engineering colleges. Uttarakh and Government, GAIL (India) and Centre for Social Responsibility and Leadership (CSRL) came together to establish two centres in Kumaon and Garhwal regions to benefit such students.

PNB signs refinance agreement

Thesynergyonline Banking Bureau

Punjab National Bank (PNB) , India's largest public sector lender and National Scheduled Tribes Finance and Development Corporation (NSTFDC)have tied up to provide financial assistance for economic empowerment of persons belonging to Scheduled Tribes (ST) families living below Double Poverty Line (DPL).

GAIL Q3 PAT up 28% at
Rs 1,262 crore on y-o-y basis

PBT also up by 25% at Rs 1,858 crore,; Gross Margin at Rs. 2,273 crore, up by 14%

Thesynergyonline Corporate Bureau

GAIL (India) registered a 28 per cent increase in Profit after Tax (PAT) in the third quarter of Financial Year 2017-18,(Q3FY'18) as against the corresponding quarter in last fiscal (Q3FY'17) , due mainly to the better performance by Liquid Hydrocarbon (LHC), Gas Marketing & Transmission segments.

World Employment and Social Outlook – Trends 2018

The daily reality of working poverty

Millions of people around the world work, but live in poverty. A recent ILO report shows that more needs to be done to reduce inequalities and improve conditions for the working poor, who face a harsh daily reality.

Thesynergyonline Economics Bureau

Louisette Fanjamalala, has worked hard all her life, yet, like millions of working poor around the globe, she barely makes enough to survive.

Fanjamalala, from Madagascar, lives with four teenaged children – two of her own and two orphans she has adopted. Their home is a cramped one-room house in the Antananarivo suburb of Soavina. Her husband left years ago.

ONGC- led Indian consortium to acquire 10% stake in Lower Zakum Concession, Offshore Abu Dhabi

Thesynergyonline Corporate Bureau

An Indian Consortium led by ONGC Videsh, wholly owned subsidiary and overseas arm of Oil and Natural Gas Corporation Limited (ONGC), BPRL & IOCL signed a pact for acquisition of 10 per cent  participating interest in the ADNOC Group owned offshore Lower Zakum Concession for 40 years from 2018 to 2057. This is the first time that Indian oil & gas companies have been given a stake in the development of Abu Dhabi’s hydrocarbon resources


Big boost in development of
transmission and distribution infra of J - K

Thesynergyonline Energy Bureau

In order to strengthen intra-State transmission and distribution infrastructure in Jammu & Kashmir under Govt of India flagship program i.e. Prime Minister's Development Package 2015, Govt. of J&K has entrusted development of Transmission System (project cost : Rs. 426 crore) and rural electrification works for eight districts (project cost : Rs. 489 crore) to Power Grid Corporation of India (PowerGrid) as Project Implementing Agency.



Over 400 pieces of original
artwork from top 100 films


Julien's Auctions, the world-record breaking auction house, has announced that PROPERTY FROM THE OSIANAMA ARCHIVES will be heading to the auction block March 8, 2018 in Los Angeles and live online.

PNB signs agreement for
information utility with NeSL

Thesynergyonline Banking Bureau

Punjab National Bank (PNB) signed an agreement for Information Utility(IU) with National E-Governance Services Ltd (NeSL) at its Head Office, Punjab National Bank, Dwarka, New Delhi.ONGC net profit up 15.2 % q-o- q at Rs 5,015 crore.

ONGC net profit up 15.2 %
q-o- q at Rs 5,015 crore

Thesynergyonline Corporate Bureau

Oil and Natural Gas Corporation (ONGC) registered 15.2 per cent rise in standalone net profit on a year-on-year (y-o-y basis to Rs 5014.67 crore for the quarter ended December (Q3FY'18).

Our impact, their voices

Philippines: Enhanced labour
inspectorate, strengthened labour law compliance

Labour inspection is more than just visiting workplaces. With the support of the ILO, the Philippines has been implementing labour inspectorate reforms and developing tools that can make a real difference in the lives of workers and employers.

By Minette Rimando, ILO Country Office for the Philippines

MANILA, Philippines (ILO News) – More than a decade ago, Elmer Riconalla, 53, made a career shift from electrical engineer to labour inspector for the Department of Labor and Employment (DOLE). He's never regretted it since. Or almost never.

BHEL Q3 profit surges 64% ;
pays 40% interim dividend

Thesynergyonline Corporate Bureau

Accelerating its growth momentum, Bharat Heavy Electricals Limited (BHEL) has reported a surge in profitability in the third quarter of FY1017-18. The company has registered a quantum jump of 64 per cent in its net profit at Rs.153 crore over the corresponding quarter in the previous fiscal.


PNB Q3 net profit up 11.1% at Rs 230 crore

Thesynergyonline Banking Bureau

The operating profit of Punjab National Bank (PNB) December 2017 quarter increased to Rs 4245 crore in December 2017 up from Rs 2781 crore in December'16 quarter i.e.y-o_y increase of 52.7 per cent. Net profit for December'17 quarter stood at Rs 230 crore , up from Rs 207 crore as on December 2016 quarter with a y-o-y growth rate of 11.1 per cent.

Survey of European economists
finds sizable gender gaps in opinions

Thesynergyonline Economics Bureau

Male and female economists in Europe hold different views on core precepts and methods as well as policy, according to a study based on a survey of economists in EU countries. Two US academics from the University of Nebraska-Lincoln and an ILO expert authored the report.

GENEVA : A new study has found a sizable gender gap among economists in Europe, with women and men holding different views on a broad range of issues such as austerity policy, regulation of high-risk financial transactions, renewable energy, hydraulic fracturing, drilling in the Arctic Refuge and genetically modified crops.

PNB detects fraudulent
activities of its emoloyees

Thesynergyonline Bankingg Bureau

It's not travesty of truth . It's clean banking in truest form by all reckoning .

Punjab National Bank was taken aback at an incident when it came across certain fraudulent letter of undertakings (LoUs)issued by two of its employees namely...

IFCI Q3 operational
income at Rs 627 crore

Thesynergyonline orporate Bureau

IFCI registered operational income of Rs .627 crore in the third quarter FY2018 , higher than Rs 577 crore for the third quarter 3 for FY- 2017.
The operational income or the first 9 months though declined to Rs.1,967 crore from Rs2,162 crore in the similar period last year due to slippages of many standard assets during last quarter of FY2017 and first quarter of FY 2018, leading to reversal of unrealized interest income and non-recognition of post-NPA period interest and also due to pre-payment of some standard assetsof about Rs.2,075 crore in this period.



"The only one youer than you is you."
― Dr. Suess

World’s oldest 80-year mother Rajo
Devi  Lohan  tops at Haryana cultural fashion show

Thesynergyonline Cultural  Fashion Bureau

World's oldest mother 80 year old Rajo Devi Lohan who made headlines around the world by becoming world's oldest first  time mother at the age of 70 was shostopper at the Haryana fashion show organised at Heritage village in Dhundhara in Hissar on Sunday .




ONGC holds week long photo exhibition on Chilika Lake

Thesynergyonline Corporate Bureau

Oil and Natural Gas Corporation ( ONGC) has organised a week long Photo Exhibition titled 'The Mangalajodi Inheritence' on birds and life around Chilika Lake in Mumbai from February 2, 2018 till February 8, 2018.

MRPL Q3 PAT up 71.07 %
at Rs 970 crore

Thesynergyonline Corporate Bureau

Mangalore Refinery and Petrochemicals Ltd (MRPL) has registered a profit-before-tax of Rs 1,481 crpre crore in the third quarter of 2017-18 against Rs 902 crore in the corresponding period of 2016-17, recording a growth of 64.19 per cent.

GAIL fast-tracks work to feed gas to Pradhan Mantri Urja Ganga pipeline

Places order of Rs. 440 crore for 350 km Vijaipur (UP) – Auraiya (MP) spurline

Thesynergyline Corporate Bureau

NEW DELHI, FEBRUARY 02 : Rs. 3500 crore Capex for City Gas Distribution in FY 2018-19 by GAIL Group companies to fulfill Hon'ble PM's target of 1 crore PNG connections by 2020.

Convention No. 189 on domestic workers ratified by Brazil

Brazil promotes decent work for an estimated 7 million domestic workers.

Thesynergyonline Economics Bureau

GENEVA : On 31 January 2018, the Government of Brazil deposited the formal instrument of ratification with the International Labour Office for ratification of the Convention on Decent Work for Domestic Workers, 2011 (No. 189) . Accordingly, Brazil became the twenty-fifth member State of the ILO  and the fourteenth member State in the Americas region to ratify this Convention.

PNB increases interest rates on Domestic Bulk Term Deposits

Thesynergyonline Banking Bureau

Punjab National Bank (PNB) has increased interest rates on Domestic Bulk term deposits from 01.02.2018.

ONGC calls for industry level approach to mitigate oil field crises

Thesynergyonline Corporate Bureau

NEW DELHI, February 01 : Oil and Natural Gas Corporation(ONGC) organized the first Oil and Gas Field Crisis Management Workshop for Indian E&P industry at Delhi.

Subhash Kumar takes charge as Director (Finance), ONGC

Thesynergyonline Corporate Bureau

Mr Subhash Kumar has taken charge as Director (Finance), ONGC  today. Mr Kumar was recommended to the position by Public Enterprise Selection Board (PESB) on October 26 ,  2017 and has been appointed to the post by the President of India.

 “ Cut corporate  tax for
infra service providers”

Thesynergyonline Corporate Bureau

To counter impact of the recent tax reforms by the President Donald Trump Administration in the United States (US)  on Indian economy as well as for Indian infra  consulting and service providing sector to remain globally competitive the Government of India must contemplate reduction of corporate tax substantially and in no event it should be more than 20 per cent.

TN CM lays foundation stone for Udangudi Supercritical Power Project

Thesynergyonline Energy Bureau

NEW DELHI, JANUARY 30 : The Chief Minister of Tamil Nadu, Mr Edappadi K Palaniswami, laid the foundation stone for the 2x660mw Udangudi Supercritical Thermal Power Project in Chennai. valued at Rs 7,359 crore. The project has been awarded to Bharat Heavy Electricals Limited (BHEL) on EPC basis, by Tamil Nadu Generation and Distribution Corporation Ltd (TANGEDCO).

"It has always been my concern to touch people with leprosy, trying to show in a simple action that they are not reviled, nor are we repulsed." _Diana, Princess of Wales

A step to console the afflicted."

PNB extends help for leprosy eradication

Thesynergyonline Banking Bureau

Mr Sunil Mehta, Managing Director & CEO, Punjab National Bank (PNB) presented a cheque to Mr Ram Nath Kovind, President of India in Rashtrapati Bhavan, New Delhi, who is also President of Hind Kusht Nivaran Sangh, as a helping hand towards eradication of leprosy. Mr K V Brahmaji Rao, Dr R S Sangapure and Mr Sanjiv Sharan, Executive Directors of the Bank, were also present on the occasion along with the executives of Hind Kusht Nivaran Sang


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