VAYALAR RAVI-A MINISTER WITH A MISSION
NRI Achievers have been after Vayalar Ravi, who steers the ministry of Overseas Indian Affairs, for quite some time to interact with us on an exclusive session and talk about his ministry and its various institutions, and the various aspects and issues that concern the Indian Diaspora, both the old and the new. The Minister […]
KERALA REMITTANCE ECONOMY: BURSTING BUBBLE ?
The Kerala economy is dominated by the service industry. Kerala leads over several other Indian states and territories in terms of per capita GDP and economic productivity. In terms of HDI, Kerala’s record is by far the best in India (The 2011 census shows the state’s HDI to be 0.920, which is higher than that […]
GCC COUNTRIES MODERN DAY EL DORADO?
Old Arabia, the landmass that makes up the Arabian Peninsula, lies to the southwestern of the Asian continent. Covering approximately 3 million square kilometers, the southeastern area of the peninsula is the Rub’al-Khali (the Empty Quarter), the world’s largest expanse of continuous sand. Politically, the Arabian Peninsula is home to the Kingdom of Saudi Arabia, […]
ALKESH PATEL: WE WILL DEVELOP NEW HOTEL CULTURE
Born in Nadiad, Gujarat and originally from Sojitra, Alkesh Patel migrated to the United States in 1986, where he went to school and graduated. He is the president of familyowned Trupadi, Inc., which owns and manages both branded and boutique hotels. He also serves as a trustee for Portland GSI, a not-for-profit group dedicated to […]
CHEAPEST BIKE TO ROLL OUT FROM YAMAHA INDIA
Japanese two-wheeler giant Yamaha Motor Co Ltd has said that it will roll-out the worlds cheapest motorcycle priced around US $ 500 (INR 27,000) and has set up a R&D centre in Greater Noida to make India the hub for such low-cost motorcycles. “So far, we have been focusing on sporty, stylish and performance- bikes […]
HONDA TO INVEST INR 2,500 CR
Japanese car major Honda will infuse a fresh investment of INR 2,500 Crore into it’s India operations. This will be deployed with a view to double its production capacity to 2.4 Lakh units annually, as it drives in new models into the Indian market. The fresh investment will go into a new car assembly and […]
ONGC IN FORBES LIST
The Forbes Global 2000 list for this year has been announced and as many as 56 Indian companies have made it to this prestigious list and ONGC has been positioned at 155, an impressive jump from the previous year’s position at 171 on the list. This is a fitting reflection of the company’s strong operating […]
GCC COUNTRIES ACQUIRING A TASTE FOR DESI INDIAN ASSETS
While the Gulf Diaspora is abuzz with trepidation about the new trend of protectionist labor-laws turning into a torrent with Saudi Arabia taking a lead with the “Nitaqat” program triggering fears of reverse migration, investments from the Gulf are flowing into India, with the GCC countries showing an increased appetite for acquiring Indian assets. The […]
SAHARA OPENS 315 Q SHOPS, CREATES RECORD
Sahara Q Shop, a retail venture of the Sahara Group, has entered the Guinness World Records by simultaneously opening a record 315 retail outlets across 10 states in India, all in one go. Guinness World Records presented the official certificate to Subrata Roy, Managing Worker & Chairman, Sahara Group. As of now, Sahara has 550 […]
MITTAL NOW 4TH RICHEST IN UK
Arcelor Mittal Chairman and CEO Lakshmi Mittal’s wealth has plummeted, but the Hinduja brothers have become the richest Asians in the UK, while Lord Swraj Paul has emerged as the wealthiest Peer. Mittal, 62, who spent eight years at the top of the list, has dropped down to fourth position this year, with a fortune […]
PUNJAB TO SET UP FAST TRACK COURTS FOR NRI DISPUTES
The Punjab Chief Minister S Parkash Singh Badal has announced the Punjab Government’s decision to constitute three fast track courts for resolution of NRI matrimonial and property disputes. This will help in the delivery of justice to the NRI Community within the minimum time they can afford to stay in Punjab.
EU PLANS WORK VISA OFFER FOR FTA WITH INDIA
The European Union (EU) is ready to make an ‘ambitious’ offer on temporary work visas to Indian professional to help finalise a delayed free trade agreement, the EU’s chief negotiator said, and called on India to reciprocate. Negotiators had originally hoped to seal the deal in 2012, but talks stalled on issues, including access for […]
INDIA REMAINS BIGGEST REMITTERS AT US $69 BN
Indians settled abroad have emerged as saviors of a slowdown- hit Indian economy as well as an increasingly cash- strapped national exchequer. According to data released by the World Bank, India is the largest recipient of remittances in the world, netting US$ 69 billion (3.72 lakh cr.) in 2012. These remittances are nothing less than […]
NEW SAUDI LABOR LAW WILL AFFECT INDIANS
Saudi Arabia implementing a new labor law, Nitaqat, has fueled some uncertainty in the Indian expatriate community that this will hit them pretty hard. The new law seeks to reserve 10% jobs for locals, requiring companies to hire one Saudi national for every 10 expatriates. More than 1.5 million Indians work in Saudi Arabia, of […]
M&M’S E2O REVA IS UNVEILED
Home-grown auto manufacturer Mahindra & Mahindra has unveiled its electric passenger car e2o, priced at INR 5.96 Lac, which promises a running cost of just 0.50 Paise per Km, nearly one tenth that of a petrol car and about one fifth that of a diesel car. This is the first launch by M&M after its […]
MCI ENTRANCE TEST FOR MEDICAL ADMISSION IN INDIA DISCRIMINATORY TO NRI STUDENTS
After a successful Pravasi Bharatiya Divas in Kochi where speaker after speaker emphasized the importance of connecting the nextgen to India, a new Medical Council of India Fiat will now hamper NRI students applying for MBBS/BDS admission in India, it is felt. The major reasoning being the lack of no test centers abroad in countries […]
CREMATION A NEW TREND IN US
Cremation of the dead is fast becoming the hottest trend in the US now, as more and more people take to this form of last rites. With the Catholic Church, which in 1960s had adopted a hard line against cremation for its faithful becoming more tolerant on such issues, the percentage of the dead being […]
MORE US VISAS ISSUED TO INDIANS IN 2012
Getting that American university degree is back on the popularity charts. Latest data shows an increase of 50% in visas issued to Indian students since last year. Incidentally, this could finally buck the trend for the last two years. There are about 1,00,270 students currently studying in the United States. According to US consulate services, […]