60-year-old Faridabad govt employee travels by chopper on retirement day, fulfils lifelong dream

first_img60-year-old Faridabad govt employee travels by chopper on retirement day, fulfils lifelong dreamKure Ram, who worked as a peon in government school, travelled to his work place on his usual mode of transport; his modest bicycle, but when he returned home, he came by a chopper.advertisement India Today Web Desk New DelhiAugust 3, 2019UPDATED: August 3, 2019 17:02 IST Man travels by helicopter on last day of workA class four government employee from Faridabad is going viral online and for all the right reasons. Kure Ram, who worked in a government school, got to fulfill his life-long dream of riding a chopper on his last day of service.He travelled to his work place, where he used to work as a peon, on his usual mode of transport; his modest bicycle, but when he returned home, he came by a chopper.Ram, sporting a turban and garlands as he got down from the chopper, proved that dreams do come true with his incredible story. When he returned home, which was hardly three kilometers away from his village in Satpura, he was welcomed by dhol and a huge crowd.Kure Ram told India Today, that he wanted to do something extraordinary on the day of his retirement, hence the helicopter.He also revealed that he was intoxicated by the idea of flying home by a helicopter on the last day of his service, so he fulfilled it and also got his family to ride the helicopter.But the ride wasn’t cheap for Kure Ram, along with months of planning he had to pay Rs 3.25 lakh to hire the helicopter for a couple of hours. He also had to acquire a host of permissions from many departments.advertisementThe 60-year-old managed to fulfill his dream of 40 years, talk about ending his last day of service on a high.ALSO SEE | Viral Hindu-Muslim, India-Pak lesbian couple celebrates anniversary with new pics. They are stunningALSO WATCH | Govt employee fulfills his dream of a chopper ride on his last day of serviceGet real-time alerts and all the news on your phone with the all-new India Today app. Download from Post your comment Do You Like This Story? Awesome! Now share the story Too bad. Tell us what you didn’t like in the comments Posted byKrishna Priya Pallavi Tags :Follow Government employeeFollow HelicopterFollow ViralFollow Twitter Nextlast_img read more

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Rebuilding of Canadas export sector will take a decade and lower loonie

Rebuilding of Canada’s export sector will take a decade and lower loonie: CIBC AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by Ross Marowits, The Canadian Press Posted Sep 17, 2014 2:06 pm MDT MONTREAL – The falling Canadian dollar is starting to boost exports but it will take a decade and an even lower loonie to rebuild the country’s export sector, CIBC’s chief economist said Wednesday.“I think it’s going to take a still cheaper Canadian dollar — somewhere in the 85 cents US range — to restore enough of our lost competitiveness to really get that capital spending in gear as a second driver of growth,” Avery Shenfeld said while providing his economic outlook at the bank’s annual institutional investor conference.Shenfeld said he’s optimistic about the export picture in light of robust gains in the past few months.But the economist said a weaker currency in 2015 could add even more momentum, especially in non-energy sectors like machinery and lumber that account for 75 per cent of Canada’s exports.He said the exchange rate needs to dip on a sustained basis to have a lasting impact on rebuilding Canada’s export capacity.“The currency may have depreciated but it’s going to take a number of years to win new mandates, get new facilities to choose Canada as a location,” he added in an interview.Shenfeld expects the loonie will eventually fall from its current perch of about 91 cents US to a level needed to encourage businesses to invest in facilities.Some companies that left Canada for the Far East when the dollar breached parity with the U.S. greenback won’t return, but he says others lost to the United States and Mexico may if conditions are right.The economist commented after Bank of Canada governor Stephen Poloz said Tuesday that he was “cautiously optimistic” about the export trend of the past five or six months but that it would take longer for the gains to be translated into business investment and job creation.“Those things take time and we have experienced serial disappointment for several years in a row and so there’s still a strong case to be waiting and seeing,” he said after vowing to continue to keep a hands-off approach to the loonie.He said a rise in export-related employment will be slow because of lingering uncertainty that’s also prevalent globally.Shenfeld said there will be a bit of an employment lag since investment decisions sometimes take longer to be made.But he anticipates Canada’s employment, which has grown much slower than expected given the recent positive economic signs, should improve as export demand continues to rise.“I think now the tide may swing back. I suspect over the next 12 months the employment numbers will pick up because you can’t keep getting more juice out of your existing workforce. At some point, in order to produce more, you’ve got to do more hiring.”Meanwhile, Shenfeld said he expects the Federal Reserve will begin to raise its overnight interest rate next March, earlier than many predict, to be followed later in the year by the Bank of Canada.However, he thinks both central banks will likely take a pause after the rates increase to about 1.5 per cent, before Canada’s rate eventually rises to about 2.5 per cent in several years.“So a tightening cycle in Canada, but one that is slow and calm.”The Federal Reserve signalled later Wednesday that it plans to keep a key interest rate at a record low near zero “for a considerable time” because a broad range of U.S. economic measures remain sub par. Observers had been wondering if that wording would change in the face of recent improvements in the U.S. economy.Follow @RossMarowits on Twitter read more

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