Browsing: NRI

India
India has 2nd highest number of adults planning to migrate

India has the second highest number of adults planning to migrate to other countries with the US and the UK among the most favoured destinations, according to a report by the UN migration agency. The UN migration agency, the International Organisation for Migration (IOM), in its report Measuring Global Migration Potential 2010-2015, which analyses peoples migration intentions globally for the period 2010-2015, noted that globally 1.3 per cent of the adult population or 66 million people said they were planning to migrate permanently within the next 12 months. US is the most popular destination The most popular destination for those planning to migrate is the US followed by the UK, Saudi Arabia, France, Canada, Germany and South Africa. Half of those planning to migrate live in just 20 countries, led by Nigeria and followed by India, Congo, Sudan, Bangladesh and China. At 4.8 million people, India has the highest number…

India
Non-Resident Indians to adopt 500 villages in India

Non-resident Indians (NRIs) living in the US will adopt 500 villages in India as part of their effort to develop the rural areas of the county. A formal announcement in this regard would be made during the Big Ideas for Better India conference in Silicon Valley on July 1. Organised by the Overseas Volunteer for Better India (OVBI), spiritual leader Ravi Shankar will give keynote address at the event which is expected to be attended by over 1,000 influential NRI leaders, a statement said yesterday. These 500 villages have been selected based on the highest farmers suicide rates, high unemployment rates and need immediate support, said OVBI president Satej Chaudhary. “We are bringing together geoscientists, agricultural experts and entrepreneurs to help double the income of farmers by 2022,” he said. The event will address the most challenging problems being faced by India in agriculture, governance and human trafficking. Last year…

NRI Guides
Read this before you buy a property in India

Contrary to popular belief, NRIs are not allowed to buy all types of properties as resident Indians can. There are Reserve Bank of India guidelines and Foreign Exchange regulations that restrict NRIs from buying certain types of properties. If you are an NRI, you cannot purchase any agricultural land, farm house or plantation property. You can have ownership of such property only if they’ve been inherited (received as an heir at the death of the previous holder). However you can own both residential as well as commercial properties in India and there is no restriction on the number of properties you can buy. The Reserve Bank of India website has detailed explantations on each type of property transaction. In order to simplify and make it easier to understand, here is a table we have compiled for NRIs: Check the property deed Eventhough your proposed property may look like a housing plot, check the property deeds carefully…

Community
NRIs must be allowed to E-Vote within 8 weeks : SC

In a significant decision, The Supreme Court today directed the central government to enable e-voting by NRIs within eight weeks. This would enable an estimated 11 million NRIs globally to participate in elections without having to travel to India for the purpose. The government told the court that it has approved e-ballot voting for Indian passport holders abroad, recommended by the Election Commission in a report, and it would have the process in place after amending laws. E-ballot voting should be allowed “at the earliest,” the Supreme Court told the Centre, in heartening news for an estimated 11 million NRIs across the world. How will NRIs cast their votes? In e-voting, a blank postal ballot paper is emailed to the voter, who has to then fill it and mail it by post to their constituency. There is very little risk of manipulation, rigging or violation of secrecy in this system,…

Community
Indian expats to seek pension scheme at Pravasi Bharatiya Divas

The Indian government will be urged to launch a pension scheme for all expatriates at the country’s largest convention for Non-Resident Indians (NRIs), which will also see the representation of overseas student community for the first time. The three-day convention, Pravasi Bharatiya Divas (PBD), will be held at Mahatma Mandir, Gandhinagar, in the state of Gujarat from January 7. Remesh T. R, president of the Overseas Friends of BJP (OFBJP) UAE, said a  15-member-delegation will stress on the need for introducing a pension scheme for all ordinary NRIs. The demand is to introduce a contributory pension scheme of 10 years or more for the ordinary, middle class Indian expats since the current pension scheme for NRIs is applicable only for the blue-collar workers with Emigration Clearance Required status on their passports. “There should be another scheme where all others can join and contribute their savings for a pension scheme. This will…

India
This Gujarat village has over Rs. 1000 crore in NRI deposits

Kerala’s nearly Rs. 90,000 crore of NRI deposits, which is highest in the country, pales into oblivion when compared to the overRs. 1,000 crore that the members of this sleepy Dharmaj village near here cumulatively have in their banks. The tiny Dharmaj village in Anand district, about 70 km from here, has a population of only 11,333 but has as many as 13 banks. For the past several decades, NRIs in this village have been depositing money in banks and post offices and the kitty today has grown to overRs. 1,000 crore, making it one of the richest villages in the country and with the highest NRI deposits. Deputy General Manager of Vadodara division of Central Bank of India, R N Hirve told PTI that NRIs of this village prefer to park their money in banks which are mostly state-run banks and therefore the deposit in the banks have now…

Community
Punjab govt. to set up NRI cell in every district

Punjab chief minister Parkash Singh Badal said the government would set up separate NRI cells in every district across the state to facilitate non-resident Indians in getting their administrative works done smoothly. Addressing a gathering of NRIs of Punjab origin, the chief minister said the deputy commissioners of every district would be asked to provide a separate room for NRI cell in the respective district administrative complexes (DACs) so that the NRIs are able to get their work done in a hassle-free manner. The cells must be provided with adequate infrastructure, Badal said adding that the formal orders regarding setting-up of these cells would be issued soon. The chief minister further asked the home secretary of the state to review the list of NRIs proclaimed offenders so that no injustice was done to them, who were not involved in any crime. He asked the officers to come up with a…

Community
NRI doctors will soon practice in India

NRI doctors will soon be able to bridge — to some extent — the gap created by the shortage of 17 lakh doctors in the country. The Indian Medical Association (IMA) is going to sign an MoU with Global Association of Physicians of Indian Origin (GAPIO) to facilitate their short-stint practice in India. Currently, only Indian citizens are allowed to practice in the country, while NRI doctors are permitted to work only for teaching, research and charitable purposes with prior approval of the Medical Council of India (MCI). Addressing the 89th national conference on IMA NATCON 2014 here on Saturday, World Medical Association president Dr Ketan Desai said: “The Centre will put the draft of new health policy in public domain in January first week. The government has assured us that we will also be consulted for policy drafting and not just implementation.” With stricter health policy and norms on…

Community
Kerala to set up NRI panel to resolve expat issues

Kerala will set up an NRI commission to help resolve problems faced by the diaspora, a minister said Thursday. Following numerous complaints from the Kerala diaspora, regarded as the backbone of the state economy on account of their remittances, the Oommen Chandy government is to set up an NRI Commission before which the diaspora can approach with all issues they face in Kerala, Minister for Home Ramesh Chennithala told IANS. The minister that he has already spoken about this to State Diaspora Minister K.C.Joseph and in the coming week they will sit down with officials to work this out. The commission would be a quasi judicial body. “This will be put before the Cabinet Jan 7. Punjab is the only state in the country where such a commission exists and it is working well,” said Chennithala. “I have been flooded with requests from the diaspora community about the various problems that…

Community
NRIs likely to get voting rights soon

Ahead of the annual Pravasi Bhartiya Diwas, the government on Monday assured the NRI community that it is working on providing them voting rights. “EC is working on it, there are two suggestions – proxy voting or Electronic Voting Machines (EVMs) be kept in embassies or they may come and vote. They will soon come up with a solution,” external affairs minister Sushma Swaraj said while addressing a press conference on the upcoming event. Parliament had in 2010 passed the Representation of People (Amendment) Bill, 2010 to allow NRIs to vote in Indian elections. An estimated 11 million NRIs are living in various countries across the world. The 13th edition of the three-day PBD event beginning January 7 has a special significance this year as it will also commemorate the centenary of Mahatma Gandhi’s return from South Africa. Prime Minister Narendra Modi will address the conclave on January 8 while…

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