Wednesday, 9 May 2007

Going upwards

An interesting take on rupee appreciation...
Most NRIs are worries their salaries r going down and has cut down on remittance.
read more

Wooing NRIs with online videos

NautankiTV, along with big players like Rajshri Media and StarTV’s indya.com, is targeting the non-resident Indian (NRI) community with online videos and looking at advertisers who also plan to attract this customer base.

A start-up by three friends with Angel investment of Rs 1.5 crore, the portal has close to 40 per cent of its users from the US and UK. An eight-month-old start-up providing online video content, the portal claims to generate 100,000 hits per day and depends primarily on ads for revenues.

read more here

Sunday, 6 May 2007

Committee for NRI marriage issues

Who said govt doesnt do anything... they do come up with committees. Will it help lets wait and watch...

"With an increase in the number of cases of women being duped in NRI marriages and harassment of maids who go to work in foreign countries, the government has decided to set up a sub-committee to look into these issues. The decision to form the six-member sub-committee was taken at a meeting between the Minister of Overseas Indian Affairs, Vayalar Ravi, and Minister of State for Women and Child Development, Renuka Chowdhury. "
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HSBC unveils new schemes for NRIs

This one is more for the NRIs in US...
nevertheless checkl it out

With banking transactions between India and the US increasing at a fast pace, HSBC Bank has introduced facilities to make it easier for Non Resident Indians (NRIs) to conduct cross-border transactions, besides offering a variety of US and Indian deposits, mortgage and investment products. Announcing this on Thursday, HSBC Bank (USA) said it would provide assistance to clients in the US in opening account with the bank's India unit and vice versa.
more

Sunday, 22 April 2007

Real estate investments beckon NRIs

A good feature on Real estate investment opportunities for Non resident Indians

The hike in interest rates by the Reserve Bank of India, the ongoing regulatory reforms by the government and enhanced liquidity place non-resident Indians in a very good position to park their excess funds in property back home.
These factors, coupled with the phenomenal growth pattern currently being experienced by the real estate market in India, have not gone unnoticed on the real estate companies which have high expectations of overseas Indians.
Read the full article here

Wednesday, 18 April 2007

Cabinet approval for establishing a NRI/PIO University

The Union Cabinet gave its approval to a policy framework for establishing a NRI/PIO University in India in the Special Economic Zone (SEZ) as a Deemed University de-novo under Section 3 of the UGC Act as an Institution of Excellence. The university will be set up by Overseas Indian Trusts or Societies with credible standing and experience in the field of education under the overall supervision of the Ministry of Overseas Indian Affairs.
a detailed release is available here but nothing concrete like where how when is not out yet

India-Kuwait sign Labour Welfare pact

India and Kuwait on Tuesday signed a landmark labour agreement, incorporating steps for job protection, checking the exploitation of workers and ensuring the payment of salaries and other benefits promised at the time of recruitment.

Agreements with Saudi Arabia, Bahrain, Oman and Qatar are also expected to be reached shortly.

Earlier, addressing the Indian community at a function in Kuwait City on Saturday, Ravi said the Indian Government is keen on protecting the rights of workers, especially domestic help. The Government is exploring the possibility of bringing the sector under the labour law, he remarked.

Full report here