Tag Archives: NRI

Remittances from Indians abroad rising

New Delhi: Remittances from Indians employed abroad have been steadily increasing since 2009-10, Overseas Indian Affairs Minister Vayalar Ravi said Wednesday. The amount rose from $53.6 billion in fiscal 2009-10 to $55.6 billion in 2010-11 and to $66.1 billion in 2011-12, the minister said in a statement in the Lok Sabha. The amount stood at

Durga idols hit international markets online; target NRIs

Kolkata: With the internet expanding exponentially, can Kolkata’s traditional idol makers stay behind? Plans to launch a community website for Kumartuli, the colony of the city’s traditional idol makers, so that they could reach potential overseas buyers of Durga idols failed to take off two years ago. However, more and more artisans are now embracing

Ask NRIs to increase remittances: Assocham

New Delhi: Increasing internal demand and motivating expatriates to send home more remittances may solve the Indian economy’s problems due to a depreciating rupee, an industry lobby said Sunday. “At present, NRI deposits are between $52 and $55 billion, which needs to be pushed up to an ambitious level of $75-80 billion,” said Assocham (Associated

Overseas Indian affairs ministry rapped for inadequate data

New Delhi: A parliamentary panel has slammed the Ministry of Overseas Indian Affairs (MOIA) for lacking authentic data on the exact size of the Indian diaspora, noting this was needed for “appropriate policy framing”. The panel also called upon the ministry to take more initiatives to attract investments from non-resident Indians (NRIs). The Standing Committee

Recipes by celebrity NRI chef Vikas Khanna

For foodies and cooking enthusiasts, here are some recipes by New York-based celebrity Indian chef Vikas Khanna who has just brought out his new book “Flavors First”. 1. Chai-Infused Emperor’s Green Rice Ingredients: 1 cup of emperor’s green rice, 2 table spoons of unsalted butter, 4 bay leaves, 4 white cloves, 2 three-inch long cinnamon

Government pension scheme for Indians abroad

The Indian government is promoting a new Pension and Life Insurance Fund (PILF) scheme in a bid to provide financial security to poor Indians working abroad. Indian embassies have been told to help those wanting to subscribe to PILF, Minister for Overseas Indian Affairs Minister Vayalar Ravi said while launching the pilot scheme Tuesday. Non-resident