Tag Archives: Vayalar Ravi

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

Remittances to India rose to $66.13 bn in 2011-12

New Delhi: Remittances to India surged to $66.13 billion in 2011-12 as compared to $55.62 billion in the previous year, Minister of Overseas Indian Affairs Vayalar Ravi said Friday. Remittance flow has risen consistently in the last three years. In 2009-10, total remittance flow to India through private transfers was $53.63 billion, Ravi said in

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

Overseas Indian workers to get pension, life insurance

Jaipur: The Indian government Saturday launched a special pension and life insurance scheme that would benefit over 5 million unskilled and semi-skilled workers employed overseas mostly in Gulf countries on temporary contract visas. The government has created a special fund called Pension and Life Insurance Fund which will be used to partly contribute to a

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