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‘OVERSEAS RECRUITMENT WOES UNDER CONTROL’
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PREMJI IN FORBES TECH TITANS LIST
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Although precise data is not available, overseas Indian workers are estimated at about 4-5 million, says Minister of Overseas Indian Affairs Vayalar Ravi. During 2005, 5.49 lakh workers went abroad on emigration clearance. Keeping with the rise in immigration, the number of agents has also gone up. And so have the complaints about these recruiters.
There are 1,515 recruiting agents with valid registration involved in recruiting for jobs abroad. Recruitment can also be made directly by the project exporters and foreign employers by obtaining a permit under the Emigration Act from the Protector General of Emigrants.
Ravi said a number of complaints are received from time to time alleging cheating and exploitation of Indian workers by some registered/unregistered-recruiting agents in India and by some foreign employers abroad. However, the number of complaints received is quite small in comparison to the number of Indians working abroad. |
Azim Premji, chairman of IT major Wipro, has made it to the list of the world’s 10 richest tech titans compiled by Forbes business magazine. Premji has been placed at the sixth position, with a net worth of $13.3 billion, ahead of Google founders Sergey Brin and Larry Page, eBay founder Pierre Omidyar and founder of German business software major SAP, Hasso Plattner.
Microsoft founder Bill Gates—who has been the world’s richest man for 12 consecutive years—topped the list with $50 billion. Other IT giants in the list include Microsoft co-founder Paul Allen at No. 2 with a net worth valued at $22 billion; Dell founder Michael Dell in the third slot with $17.1 billion; Oracle co-founder Larry Ellison (4) with $16 billion and Microsoft CEO Steve Ballmer (5) with an asset value of $13.6 billion.
Incidentally, Premji is among the select few big guns on the list who remain actively involved in the day-to-day operations of their companies. He is India’s second-richest man after L.N. Mittal. Other Indian IT billionaires include Shiv Nadar of HCL and N.R. Narayana Murthy of
Infosys. |
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TROUBLED NRI MARRIAGES ON MINISTRY RADAR
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B-SCHOOL LAUNCHES GLOBAL BIZ CHALLENGE
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Problems relating to NRI marriages have engaged the attention of the Ministry of Overseas Indian Affairs since its formation in 2004. The issue has been examined by the High Level Committee on Indian Diaspora (HLCID), which has made a few recommendations. These recommendations have been referred to the state governments for necessary action. The National Commission for Women has also examined the problems relating to NRI marriages and has made some recommendations. The recommendations of NCW are being examined by the government. A proposal that India join The Hague Conference on Private International Law as a member state is also being processed by the government.
The ministry is also taking various measures to create awareness on this issue. The measures include publishing a guidance booklet on marriages to overseas Indians and publicity through print and electronic media. The ministry also organised a National Consultation in Delhi in February, 2006. |
Faculty of Management Studies (FMS), University of Delhi’s entrepreneurship cell, flagged off the International Entrepreneurship Challenge, 2006 with STARTUP@FMS, a Seminar on “How to start a New Venture” and a panel discussion on “Is there a Funding gap or a Leadership gap ailing the start-ups in India?” on September 2. The event was organised in association with The Indus Entrepreneurs (TiE).
International Entreprenuership Challenge (IEC), 2006 which was launched on the occasion is the largest ever B-Plan competition in South Asia. It is open to entries from corporates, post-graduates and graduate students worldwide. There is prize money to the tune of $10,000. Not only do the winners receive venture capital funding for their business plans but also stalwarts of industry and academia participate in their capacities as mentors for the teams. The seminar on “How to Start a New Venture” witnessed participation from Sanjeev Bhikchandani, CEO, Naukri.com, Dan Sandhu, chairman, Vertex (India); Pankaj Sehgal, director, Sun Group, Rajkumar Dubey, Dubey and Partners. |
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