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NRI Worldwide > NRInterest

India celebrates 'historic' women's hockey triumph
Report dated 06/08/2013 @ 12:32 PM

India celebrates 'historic' women's hockey triumph Celebrations are on as India's women's hockey team beat England 3-2 on penalties to win their 'first-ever' bronze medal in the Junior World Cup in Germany.

The media is leading the rejoicing saying the girls created history, held their nerve, and showed maturity beyond their age in the thrilling match, surprising top teams in the competition with their superb win. They lauded 18 year-old striker Rani who scored India's only goal in regulation time then found the net twice in the penalty shootout.

Dhoti clad Indian not allowed on Dubai Metro
Report dated 05/08/2013 @ 11:53 AM

Dhoti clad Indian not allowed on Dubai Metro A 67-year-old man who was dressed in his traditional Indian dhoti, was stopped by a Metro Station policeman and prevented from entering the Dubai Metro.

The Roads and Transport Authority (RTA) Director of Operations said they do not have a dress code or policy except that anything that covers the body and is respectable should be allowed. He believes the incident was the personal reaction on the part of the policeman and the matter will be investigated.

He urged the man to approach the RTA with details which would help in the investigation. The man had in fact traveled on the metro wearing a dhoti on other occasions but had never been stopped.

India launches explosive detection kit in US
Report dated 04/08/2013 @ 1:14 PM

India launches explosive detection kit in US India's Defence Research & Development Organisation (DRDO) created a small pocket-sized explosive detection kit (edk) that its bomb detection squads and armed forces have been using since 2002. Now India is planning to introduce the kit to the US Army and US homeland security forces.

The kit will be manufactured and sold in the US and other parts of the world by Summerville, South Carolina-based Crowe and Company LLC under a technology transfer agreement. The kit is also available in vanity sized field cases for law enforcement and bomb squads.

A team of Indian scientists led by DRDO Director General, Avinash Chander were at the global launch of the edk at an event at the US Chamber of Commerce in Washington. The audience at the presentation of the edk included US defence bigwigs, and it is hoped such technology transfer will soon become a two way street. Indian ambassador Nirupama Rao described it as an important milestone in the process of evolution of the India-US strategic partnership.

Planning to turn NRI ? Some simple steps advised
Report dated 04/08/2013 @ 1:13 PM

Planning to turn NRI ?  Some simple steps advised Planning to turn NRI any time soon? Here are some steps to put on your personal finance to do list:

* Convert your savings bank account into an NRO/NRE account, so your domestic earnings can be deposited in it and you can use it to issue EMI or investment related cheques. Restrictions for transferring money to the country of residence do exist however as money in an NRO account is non-repatriable. You will need the help of a chartered account who will have to issue certain certifications.

An NRE account can be opened with foreign currency but the interest rate attained is on the low side and the account does not offer facilities to receive income.

* Change your demat account. Close the domestic demat and open an NRO demat under the portfolio investment scheme. This is mandatory as there are restrictions.You also need to transfer existing share holdings into this account. Again discuss this with an expert for advice.

* Pass on the power of attorney to someone you trust in India. It could be general or specific. Consult a lawyer for guidance.

* Finally, update your NRI status in various KYCs with banks and insurance companies to amend your change of status.

Good luck with your life plan as an NRI

Holi festival parties catch on in Britain !
Report dated 04/08/2013 @ 1:09 PM

Holi festival parties catch on in Britain ! Holi themed festivals, parties and celebrations are fast catching on across Britain, and include mass paint fights. Over the next weeks of the English summer thousands of Britons are expected to flock to more Holi festivals in London and Manchester.

Some 15,000 people are expected at Battersea Power Station in London for the Holi One Festival, celebrated to promote togetherness and the colour of everyday life. Another 10,000 are to attend an event at Heaton Park, Manchester.

Britain's Hindu community also welcomed the new trend as Hindu tradition always stands for universal happiness, said Swaminathan Vaidyanathan, the secretary general of the Hindu Forum of Britain.

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