NRI Top Stories, News – April 2007

Penthouses – An Architectural Undertaking for NRIs in Ludhiana
Ludhiana, a known city in Punjab is zooming away in the wake of growing construction activities and increasing real estate developers. The city is seeing money rolling in from a number of builders including the prominent names like DLF, Aerens and Omaxe.

India to Write Britain
to Treat NRI Docs Fairly
India has decided to take up NRI Doctors issue with Britain. Also,
the country has promised to provide all the possible help in finding
appropriate jobs to the medicos who could be affected by the new
immigration rules.

Asian Real Estate
Show to be Held in April 2007
Al Fajer Information and services, a leading organizer of international
exhibitions in Dubai, is soon coming up with Asia’s First Real
Estate show.

NRIs
have rights on Right to Information Act
Indian Missions Overseas would have to comply with the provisions
mentioned in Right to Information Act, says the Central Information
Commission (CIC).

Mumbai
on Track to be a Global Financial Hub
The commercial capital of India, Mumbai, is on its way to become
a truly global financial hub by 2020. Work is in progress to improve
infrastructure of the entire city.

PEs to
Fund Construction Companies
Private Equity is expected to take over from equity and debt as
one of the most sought after avenues to raise funds for construction
companies against fluctuating equity market conditions and increasing
interest rates.

Bank
of Baroda Cuts Down FCNR (B), NRE Rates

Bank of Baroda cuts down its interest rates on dollar and rupee
dominated NRI deposits from March 03, 2007.

India
to Offer Higher Studies to Indian Diaspora
The cabinet minister’s nod to establish a special university for
Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs)
has brought a great solace for Indian Diaspora.

India
to Sign Labor Pact with Gulf Nations
India is all prepared to sign a labour pact with Kuwait after
the Minister for Overseas Indian Affairs Vayalar Ravi will pay
a visit to the country from April 8.

Basdeo
Panday Plans to Return to the Red House
Trinidad & Tobago’s High Court is pondering over whether to allow
the country’s former Indian origin prime minister Basedo Panday
to take up his duties as MP again.

UK
Realtor to Invest £250 mn in Indian Real Estate

A UK based real estate developer is planning to make an investment
of 250 million pounds in India’s fast flourishing property market
over the next five years.

Luxury
Malls – the Latest Trend of Shopping in India!
Shopping enthusiasts will experience a complete new experience
in India according to their fine taste of the good life. Thanks
to the luxury malls that have lined up to come up soon in the
country.

Service Sector Pushing Remittances in India
An increase in remittances in India has helped the country to
reduce its current account deficit for the third quarter of 2007.
Current account measures the quantum of both trade and services
that India has with the other countries.