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World's highest remittances: India is No.1


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Police Officer
And
by Police Officer on Dec 08, 2010 12:30 PM  | Hide replies

NRIs remittance == $325 billion
FDI == $35 billion

In India's dummy democracy, Govt gives red carpet to FDI and harasses NRIs starting from customs dept at airport.


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surya das
Re: And
by surya das on Dec 08, 2010 06:54 PM
NRI remittance is $55 bil not $325 bil. R u sleeping while reading the article or what? $325 bil is the global remittance to their respctive countries.

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Una Manecksha
Re: Re: And
by Una Manecksha on Dec 08, 2010 07:00 PM
mostly he was dreaming of pamela anderson or anjelina joli

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trk
Malyalis are number one
by trk on Dec 08, 2010 12:13 PM  | Hide replies

in sending back money from Dubai.
Others are just sending small amounts, therefore special mention must be made of that.

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Sebastian A
Re: Malyalis are number one
by Sebastian A on Dec 08, 2010 07:59 PM
@trk: Arab countries don't give citizenship...else many would have settled there for better life :)

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Vicky Ferzi
Re: Malyalis are number one
by Vicky Ferzi on Dec 08, 2010 02:46 PM
Malu Bhai we will tell world bank to give the report according to caste,religon,state & Color also.

Request sent to world bank

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prakash sharma
Re: Re: Malyalis are number one
by prakash sharma on Dec 08, 2010 06:31 PM
hello boss... mallus r not doin social service . they r money minded ppl. earnin for themselves which indirectly mite help india ! but its never intentional !!ok fine ?

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Sebastian A
Re: Re: Re: Malyalis are number one
by Sebastian A on Dec 08, 2010 08:01 PM
@prakash sharma: Can you name anyone not money minded...compared to other states in great INDIA..... Kerala is much more civilized ...mainly due to education....

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babu
In rediff 99% people only write without head and tail means nonse
by babu on Dec 08, 2010 11:46 AM  | Hide replies

In rediff 99% people only write without head and tail means nonsense and it is very easy to blame or abuse others, either government or person.

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om shanti
Re: In rediff 99% people only write without head and tail means n
by om shanti on Dec 08, 2010 12:06 PM
Yeah,blogging should be meaningful and constructive..

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prakash sharma
Re: Re: In rediff 99% people only write without head and tail mea
by prakash sharma on Dec 08, 2010 06:34 PM
u keep constructing ur comments while our politicians demolish , rape , dissect , vanquish , destroy our country !!! slowly like deemag !

have u seen our politicians behave in public or in loksabha ..parliament !!

do they luk or behave liek leaders of such a huge nation .
try talkin to them first and then advice we the ppl of india !!

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Hypo Hater
Re: Re: Re: In rediff 99% people only write without head and tail
by Hypo Hater on Dec 08, 2010 06:58 PM
POLITICIANS COME FROM AMONG US,NOT FROM ANOTHER WORLD.

IF WE DISCIPLINE OURSELVES,WE WILL ALSO PRODUCE GOOD POLITICIANS.



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RAJIB
UNBALANCED ECONOMY
by RAJIB on Dec 08, 2010 10:30 AM  | Hide replies

I THINK SUCH SCENERIO SHOWING OFF BLOCKS OF RESOURCESES AT OUR ECONOMY , THIS IS TO BE A SUCCESIVE RESULT WHILE MOVING ABOUT THE ECONOMY AT POINT ONE OR EXPORT AND IMPORT BOTH ARE EVEN, AND THEN OUR CURRENCY WILL BE THE TOP INTERNATIONALY, OTHERWISE THERE IS GROWING OFF AN UNBALANCED ECONOMY.

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om shanti
Re: UNBALANCED ECONOMY
by om shanti on Dec 08, 2010 11:16 AM
Friend,turn off the caps lock and write in simple language.

It is a long sentence.

I really cannot understand what is your statement and how you are justifying it.



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RAJIB
Re: Re: UNBALANCED ECONOMY
by RAJIB on Dec 08, 2010 12:19 PM
THE AFORSAID COMMENT IS NOT A LONG SENTENCE, IT IS TO BE A LAKE OF COMPREHENCEBLE OF US, IT IS MEANT THAT UNTIL OUR ECONOMY IS BOOMING ABOUT IN AROUND THE VARIOUS KINDS OF ECONOMIC TRANSACTIONS , THE ECONOMY IS CALLED ON BALANCED,IF FOR EXAMPLE EXPORT , IMPORT TRANSACTIONS WILL BE GOING ON THE NORMAL WAY,THE ECONOMY WILL BE THE TOP IN THE INTERNATIONAL LEVEL, SO THE GOVEMENT IS NOT ACCUSED OF THE ABOVE THEOREM

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Hypo Hater
Re: Re: Re: UNBALANCED ECONOMY
by Hypo Hater on Dec 08, 2010 12:59 PM
Oye,pehle,capital,letter,hata,uske,baad,spell,check,kar,
uske,baad,fullstop,daal,
aur,angrezi,nahi,aati,to,hindi,me,lik h,

Kahan,se,angrezi,shikhi,tu,ne,mere,baap?

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babu
Re: Re: UNBALANCED ECONOMY
by babu on Dec 08, 2010 11:46 AM
In rediff 99% people only write without head and tail means nonsense and it is very easy to blame or abuse others, either government or person.

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brian crasto
most of the remittance seems to be hawala transactions
by brian crasto on Dec 08, 2010 10:23 AM  | Hide replies

With more $500 billion of indians stashed in Swiss banks it seems like the money is re routed to India to show as legitimate income. Most of the indians working in Gulf are middle class and the rich from developed coutries hard ever want to come to India. May be one more scam is in the offing

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om shanti
Re: most of the remittance seems to be hawala transactions
by om shanti on Dec 08, 2010 11:24 AM

In hawala system, money is transferred via a network of hawala brokers, or hawaladars. A customer approaches a hawala broker in one city and gives a sum of money to be transferred to a recipient in another, usually foreign, city. The hawala broker calls another hawala broker in the recipient's city, gives disposition instructions of the funds (usually minus a small commission), and promises to settle the debt at a later date.

The unique feature of the system is that no promissory instruments are exchanged between the hawala brokers; the transaction takes place entirely on the honor system...the transfers are informal and not effectively regulated by governments...

Here in this article we are talking of inward bank remittance where there is a promisory instrument like the transaction swift message,it is not talking about Hawala dear friend.




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true indian
can anyone tell me why
by true indian on Dec 08, 2010 10:14 AM  | Hide replies

I have seen one tendency in marathis that they are more interested in other work than their work why it this, this is not offend anyone but this is just a query

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Anand Mokashi
Re: can anyone tell me why
by Anand Mokashi on Dec 08, 2010 06:44 PM
because they hv their own classof work and they expect also from others as they r on top always in many respects
so dont try to compete them and dont b jealous also , do yr own work in litle better way u will succeed

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om shanti
Re: can anyone tell me why
by om shanti on Dec 08, 2010 11:27 AM
If I am good,the whole world is good...so stop worrying about others and develop your own balanced and unbiased personality,focus on your career and work for your growth.

The life is very short to waste time on criticizing others...

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arvind kumar
remittances
by arvind kumar on Dec 08, 2010 10:09 AM  | Hide replies

It shows that india is not providing ample opprtunities, hence the brain drain and remittances

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om shanti
Re: remittances
by om shanti on Dec 08, 2010 11:31 AM

We have lot of idle brains in India which can do wonders,so there is not actually a drain here !

If some brains are going out,some other brains are getting the opportunity to develop....Take it that way !

We have more than a billion brains in the country and only may be 10% of it is in proper use...

It is just like if Dhoni or Tendulkar takes rest,another Yusuf or Gambhir gets a chance to play...no one is indispensible in the world..life moves on..

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om shanti
Great achievement
by om shanti on Dec 08, 2010 10:02 AM  | Hide replies


It shows the committment of all NREs,NRIs,PIOs towards their relatives back home and towards their motherland.Its a huge amount.

And,in India,it is so difficult to get a new passport as well.I knew of a friend who lost the opportunity to study in Singapore due to delay in receipt of passport as she could not get admitted at times.

Therefore,I feel ,government should have special passport cell for students,NREs to issue them passports in quick notice within 4-5 days.At the present,without taking help of a tout,no one can get a passport even after 5-6 months.

Further,government should give special privilidge of dual citizenship to NRIs and PIOs.

Last but not the least,goverment should honour all those who are remitting money to the country from abroad and thus bringing strengthening the economy and also reducing employment problem at home...it includes me..

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nageswar narayanan
Re: Great achievement
by nageswar narayanan on Dec 08, 2010 10:07 AM
Don't make such comments.

You NRI send money and your relatives here buy the foreign cars(by which the money again goes back to foreign) and build house, so your family becomes wealthier but not india.

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deepak
Re: Re: Great achievement
by deepak on Dec 08, 2010 10:12 AM
@Nageswar- those foreign companies hire indians and those indians get paid and take care of thier family.... irrespective of how teh NRI relative spend the money, ur arguments r not worthi it....

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om shanti
Re: Re: Great achievement
by om shanti on Dec 08, 2010 11:06 AM
Please remove this child's photo from your profile image because you are not pure hearted like him..

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don moras
Re: Re: Great achievement
by don moras on Dec 08, 2010 10:31 AM
you must be some skunk to reply this way....... as far as NRI remittance is considered, it is the same remittance which has made the indian economy stronger... all the indian products being exported are mostly consumed by indians NRI's living abroad like myself... when we work here and earn we need to spend on our daily needs and we buy most of the indian make stuff.. this way we send our money back to india and indian economy grows.. otherwise do you think the goras are interested in any of indian products...
you and your kind of people can only tank and do nothing...
wake up and try to contribute to the indian economy boss...


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