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NRI Worldwide > NRInterest

NRI millionaire sues House of Lords of UK
Report dated 28/10/2013 @ 3:26 PM

NRI millionaire sues House of Lords of UK Raminder Singh Ranger is suing the British House of Lords for repeatedly blocking his membership. He has now taken the legal route demanding to know why his application to be a people's peer was twice rejected by the House of Lords Appointments Commission, once in 2007 and again in 2010.

Ranger alleges that his applications were stymied by information provided to the commission by way of two allegedly unsolicited letters from third parties, the contents of which he suspects were wrong, inaccurate, partial or partisan and in any event prejudiced his applications.

A spokesmen for the Lords' Appointments Commission confirmed they have been corresponding with Mr Ranger for some years and released information to him where possible. They declined to comment on ongoing legal proceedings.

Ranger, 66, is an entrepreneur and founder of export firm Sun Mark Limited, with a fortune estimated at 95 million pounds. He is also involved with a number of charities, including Prince Charles' Prince's Trust. Ranger set up his first business from a storage warehouse in 1987. His operation now has a turnover of over 150 million pounds.

Indians 'out-educating' Americans : President Obama
Report dated 27/10/2013 @ 3:15 PM

Indians 'out-educating' Americans : President Obama Speaking to students at the Pathways in Technology Early College High School in Brooklyn, New York, US President Obama made the statement that 'Now billions of people from Beijing to Bangalore to Moscow, are competing with Americans and work every day to out-educate and out-compete them.

He continued: Every year brings more research showing them pulling ahead of America, especially in math and science and technology, so if the workforce is not educated, it will be left behind and find it hard to get a job that pays a living wage.

The President said America has to educate its young people and prepare them for the global economy.

US Congress to have first ever Diwali celebration !
Report dated 26/10/2013 @ 1:54 PM

US Congress to have first ever Diwali celebration ! According to the gossip blog of Roll Call, a publication that focuses on Congressional affairs, Democratic caucus co-chairman and India friend Joseph Crowley has sent invitations to lawmakers for a first-ever Diwali reception to celebrate the Indian festival of lights.

Crowley stated this sets a major precedent for Congressional Diwali celebrations that will hopefully last for years and decades to come. He also praised Tulsi Gabbard, the first Hindu-American lawmaker, and Ami Bera, the lone Indian-American politician in the US House, for helping to plan the event and induce interest among Caucus members. He called is a testament to the growth of the Indian-American community.

Gabbard was quoted as saying according to spiritual tradition, Diwali is observed as the victory of light over darkness, truth over untruth, righteousness over wrong, and a time of spiritual renewal, a message that has great relevance at a time when politics and partisanship seem to overshadow compassion and concern for the greater good.

NRI receives record compensation for medical negligence
Report dated 25/10/2013 @ 3:55 PM

NRI receives record compensation for medical negligence The Supreme Court has ordered Kolkata's AMRI Hospital and 3 doctors to pay Dr. Kunal Saha of US a record sum of Rs.5.96 crore in compensation for medical negligence that led to his wife Anuradha's death in 1998.

Anuradha went to Kolkata on a summer vacation in 1998 when she complained of skin rashes and consulted Dr Sukumar Mukherjee whose prescription of injections led to the worsening of the condition and eventually death from Toxic Epidermal Necrolysis syndrome.

In 2009 the Supreme Court found AMRI hospital guilty of medical negligence and referred the case to the National Consumer Dispute Redressal Commission who fixed a compensation of Rs.1.7 crore to be shared by the hospital and the 3 doctors, Sukumar Mukherjee, Balram Prasad and Baidyanath Halder. Dr Saha however claimed the compensation amount and interest should be Rs.200 crore and moved the Supreme Court who decided on his plea and enhanced the compensation to Rs.5.96 crore.

In a communication from Ohio Dr Saha said the 'historic' compensation will have a major impact on medical negligence and the standard of medical care in India, and send a message to all negligent doctors and unscrupulous hospitals.

The compensation amount is to be paid within eight weeks.

Nine percent of India’s super-rich are ‘NRIs and live’ in Dubai !
Report dated 25/10/2013 @ 3:53 PM

Nine percent of India’s super-rich are ‘NRIs and live’ in Dubai ! Bollywood superstar Shah Rukh Khan has now made it to the list of super-rich Indians who have personal wealth of $300 million or more.

According to the Hurun India Rich List, Khan, co-owner of Red Chillies Entertainment has been ranked at 114 with personal assets of $400 million. Among others on the exalted list of 141 super-rich individuals are Reliance's Mukesh Ambani, Arcelor Mittal's chief Lakshmi Mittal and Dilip Shanghvi, of Sun Pharmaceuticals.

The report says the total wealth of India's top 100 rich people rose to $250 billion this year from $221 billion in the previous year. Men dominate the list with women occupying just four percent of it.

Nine percent of India's super-rich live in Dubai, UAE.

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