NRI Worldwide > NRInterest
India is Dubai's leading trade partner
Report dated 11/03/2014 @ 6:47 PM
In 2013 India emerged as the leading trading partner of Dubai with a trade volume of $37 billion, representing a 10 percent share of the total foreign trade of the Emirate.
China is second with a value of $36.7 billion and the US is third with $23.4 billion, followed by Saudi Arabia and the UK. China also leads as top imports partners followed by the USA and India.
India, Turkey and Switzerland are the leading exports partners of Dubai.
Foreign trade has managed to keep up with Dubai's new economic surge, based on a wider diversity of growth, where various economic sectors contribute with convergent rates.
Indian headshakes video goes viral !
Report dated 10/03/2014 @ 2:40 PM
A video called 'Indian Headshakes - What Do They Mean?' created by Paul Mathew, that explains the typical Indian head movements denoting a yes, no, maybe or carry on, has gone viral and charmed viewers all over the world who have long found the various nods inscrutable.
Mathew who is from south India and now works in the film industry in Mumbai is the writer and director of the video that has received more than a million views on YouTube, says if he'd known the video was going to receive such awesome viewership, they would have shot it better.
The response on social media has been largely positive, but some found it offending and lacking in subtlety, even if it is accurate.
NRI candidate asked to quit US Congressional race
Report dated 09/03/2014 @ 2:28 PM
Republican Congressional candidate in Illinois, Manju Goel, has been asked by the head of the Cook County Republican Party to withdraw from the primary race, after her opponent Larry Kaifesh accused her campaign and supporters of putting up fake web and social media sites to discredit him.
Kaifesh was quoted as saying Goel took her campaign into the gutter in her "Where's Larry website that is all malicious in nature, where they have created imaginary images, and which was paid for by a Political Action Committee called the Indian Americans for Freedom (IAFF), which lists Goel's address.
Under US law, Super PACs, officially known as 'independent expenditure only committees' can engage in unlimited political spending as long as they don't make contributions to candidate campaigns or parties.
The PAC was formed by NRI businessman Shalli Kumar, a supporter of the BJP's prime ministerial candidate Narendra Modi.
Responding, Goel said she has no control over the IAFF and cannot account for anybody else's actions.
However, Cook County Republican Chairman Aaron Del Mar said he wants Goel to drop out of the race as her behaviour regarding the campaign has been unbecoming of a Republican congressional candidate.
US NRI rapper Amardeep Basra found dead in Punjab
Report dated 08/03/2014 @ 2:46 PM
Punjab origin rock star Amardeep Singh Basra, 36, popularly known as Deep Cold, was found dead in a club hotel room in Phagwara where he was staying with three other friends, in connection with the wedding function of his US NRI friend Inder Singh, who is also his neighbour in Texas.
Police say the cause of death could be excessive consumption of alcohol but this can only be confirmed after the report of a chemical examination by a board of doctors.
Basra originally from Saloh village of SBS Nagar is survived by his wife and two children.
NRIs answerable to customs on any gold they take to India
Report dated 08/03/2014 @ 2:45 PM
NRIs planning to take gold to India are now required to carry with them proof of income, or else be questioned by customs officials, in the latest measure by the government to plug smuggling.
Customs officials will now have to ascertain the antecedents of passengers carrying gold and the person responsible for booking their tickets. Eligible passengers are PIOs or an Indian returning to India after a six month stay abroad. They are allowed to import gold of up to one kilogram by paying 10 percent duty in foreign currency.
Rules for bringing gold in one's baggage have also been tightened, so as to prevent the misuse of the facility by unscrupulous elements who hire eligible passengers to carry gold for them. The baggage receipt issued by customs will now include the engraved serial number on gold bars and an itemised list of ornaments.
The government and the Reserve Bank of India have expressed concern over the spurt in gold imports following the restrictions that were imposed to reduce the widening Current Account Deficit.