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Statement of Finance Minister on financial situation

ImageFollowing is the statement made by the Finance Minister, Shri P. Chidambaram on behalf of the Union Cabinet on the financial situation:


"The United States and many countries in Europe are passing through a severe financial crisis. The ripple effects of this crisis are being felt in other countries, including India. The authorities in the US and the Europe have taken a number of bold and unconventional

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India and Germany sign agreement on Social Insurance
ImageIndia and Germany  signed an agreement to exempt Indian workers posted in Germany from making social security contribution under the host country legislation. The exemption will be given to people on short term contracts for a period of four years, extendable to another one year. German nationals in India will also receive similar benefits on reciprocal basis. The agreement on Social Insurance between the two countries was signed in New Delhi by Mr. K. Mohandas, Secretary
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Kajol appointed goodwill ambassador of UK trust

                                    Image

Kajol has been appointed goodwill ambassador and patron of the UK based Loomba Trust, a charity devoted to educating widow's children, particularly in India.


Kajol was presented a plaque by Cherie Blair, President of Loomba Trust and wife of former British prime minister Tony Blair at Whitehall during a ceremony to celebrate UN International Day of Non-violence commencing on Mahatma Gandhi's birthday and Indian festival Diwali last evening.(ddn)

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