ravasitoday £ 2.00 (UK), $ 4.00 (USA), Rs. 30.00 (India) p Volume 4, No. 10, October 2009 Special: ‘Mauritius will be partner country for Pravasi Film Festival’ – Mookhesswur Choonee, High Commissioner of Mauritius in India çoklh V q M s çoklh V q M s A Magazine for NRIs Indian Celebrations Abroad Indian Celebrations Abroad
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AbroadIndia is a land of festivals and diverse traditions. Hindus in a 'tazia'procession, Muslims playing with colours on Holi, Christians lightingup candles on Diwali, Sikhs walking on a Christmas midnight mass,Punjabis enjoying Garba dances and Gujaratis participating in Bhangraare part of a multi-cultural, multi-faith India.
Indians rejoice in festivals with great splendour; be it Diwali, Holi,Janmashtami, Eid or Christmas. But it is only when you are away fromhome that you realise how much you miss the significance of thesecelebrations.
Indians abroad have kept their traditions and culture alive in form offestivals. The greatest examples are the people of Indian origin whowere taken as slaves in British Raj to the Caribbean Islands. In countrieslike Trinidad and Surinam, there are hundreds of stories about Indianswho celebrated the festivals and read Ram Charit Manas in the planta-tions and in the forests; hiding from the British in the 19th Century.When one thinks of the exceptional journey; from servitude to resis-tance to freedom, undertaken by Indians in Trinidad and the rest of theCaribbean, it is not the fame and fortune of some Indians that is moststriking, but the manner in which Indians as a whole, despite theformidable adversities placed in their way, have been able to retain theirself-dignity, preserve and enhance their culture, and enrich themselvesby a selective engagement with other cultures.
In Britain, as in India, festivals are a time for thoroughly spring-cleaning homes, wearing new clothes and most importantly, decoratingbuildings with fancy lights. From the streets of Leicester to the Houseof Commons, Diwali is celebrated with full respect and enthusiasm.People from all cultures participate in this festival showing the signifi-cance of Britain as a true multi-cultural society.
Wherever Indians are live, festivals are an integral part of people's lifeand a source of great strength, which keeps them orally and spirituallyelevated. Through these celebrations, our culture is transferred to thenew generation. Festivals of India portray the rich cultural heritage ofthe country abroad and connect global society with us especially whenwe are living abroad for many years.
PRAVASI TODAYVOLUME 4 No. 9 OCTOBER 2009. Rs. 30.00
Patrons:Dr. Satyendra Srivastava,
Dr. Ashok Chakradhar, Santosh Taneja.Advisors:
Anil Joshi, Dr. Rajesh Kumar,Sudershan Bhatia.
Editor:Dr. Padmesh Gupta.Resident Editors:
Pankaj Dubey, India,Ved Mitra Mohla, MBE.
Editorial Board:Naresh Bharatiya, Dr. Ramesh Gupta,
Titiksha, Dr. Nikhil Kaushik.Assistant Editors:
Jaganniwasl.Managing Editors:
Divya Mathur, Neerav Pradhan,R.C. Agarwal.
Creative Support:Naresh Shandilya.
Literature & Research:Rakesh Srivastava.
Manager Production:Rajiv Vats.
Layout Designer:Manishankar.
Business Development Manager:Prashant Kumar.
Representatives:Jai Verma, Shail Agarwal.
Contact Overseas:UK - Ved Mitra Mohla, 356, Vale Road,
51, IInd floor, Rani Jhansi Road,Jhandewalan, New Delhi-110055.
Printed at:Delhi Press, E-3, Jhandewalan Estate,
New Delhi 110055.
DISCLAIMER: The articles published inPravasi Today carry the personal views ofwriters. The publisher and the editor is notresponsible incase of any debate. Mattersrelated to the magazine can be brought in
courts within the jurisdiction of Delhi.
Dr.PADMESHGupta
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LETTERS TO EDITOR .................... PG 6
NEWS DIARY ................................. PG 8
BUSINESS NEWS .......................... PG 12
ROUND UP ..................................... PG 24
Our Festivals Abroad How theDiaspora Celebrates India
Bhuvaneshwari Das Iyer
Understanding and Investingin Indian Capital Markets
CA Gopal K Agarwal
Indian Diaspora and CinemaDr. Maithili Ganjoo Choudhary
The new Lover boy in B-town...Shaily Lamba
Hadippa! Dil Bole Hadippa!
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fons'kh gkFkksa esa fgUnh dh e'kkyZujs'k 'kkafMY; ,oa ukjk;.k dqekj
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Letters to Editor
It is true to say India's tourism problems can onlybe resolved through radical reforms, and throughthe involvement of genuine, committed profes-sionals and experts, not by hordes of nincompoopsand neophytes. Major reforms are both unavoid-able and urgent. There is no reason why afterembracing globalization and having achievedcredible success in several fields, India cannotdevelop its colossal tourism potential.
Arnab, London
I found your review of the film Kaminey very nearto the essence of the film. The film really hassubstance and is watchable for sure. Kaminey is thefilm that credits its viewers with intelligence and itdemands attention from the word GO and almake
the viewer to sit back till the end. Along with theidea and the script the film mostly draws its magicfrom the dazzling music score and ground break-ing cinematography creating a whole new play-ground for criminals , thugs and goons to revel in.But the flashback element in the film can be saidto be the weak link in the film.
Kaustubh, Canada
You are very true in, report on Sri Lanka thatmistrust and mutual hatred still remain high there.Hardliners on both sides are making the lives ofordinary citizens very miserable. Tamils now fearthat with the Tigers silenced, they would besystematically eradicated, as there is no one toprotect them.
Manikarnik, Sri Lanka
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AUSTRALIA DOES ITAGAIN!THREE INDIANS ATTACKED BY 70LOCALS IN AUSTRALIA
After a brief lull in attacks on Indiansin Australia, three members of thecommunity were "brutally bashed" bya group of around 70 .26-year-oldSukhdip Singh, his brother GurdeepSingh and Uncle Mukhtair Singhwere attacked by the group whenthey were playing pool in the easternsuburb of Epping .
"At around 11'o clock my brother-in-law Sukhdip was playing poolalong with few family members whenthey were attacked by around 70locals who were attending a party,"the victim's relative Onkar Singh said.
"They were quitely playing andwere trying to avoid trouble even afterthese locals were trying to provokethem by passing comments," he said.
The group started telling them togo back to their country. "When theyreached the car park to leave theplace a huge crowd attacked themand started bashing them up. Theattackers were in their teens andaround twenties," he said. Onkarclaimed police have informed himthat six of the 70 attackers have beenarrested.
The attacks come a month afterAustralian government assuredexternal affairs minister S M Krishna,during his visit here, that Indianstudents would be protected. Around30 Indian students were attacked invarious cities from June to August.
INDIAN DIASPORA ART EXHIBITION IN NYA MONTH-LONG EXHIBITION OF CONTEMPORARY INDIAN ART EXPLORINGTHE THEMES OF CULTURAL DISLOCATION, MEMORY, EXILE AND SPIRITUALINHERITANCES IMPLICIT IN THE WORD DIASPORA WILL BEGIN THERE ONSEPTEMBER 13.
The Exhibition of ContemporaryIndian Art of the Diaspora cratedby Vijay Kumar and on till October18 at the Queen's Museum of Art,is a mix of painting, drawing andprints, photographs, C-prints,photo montages and videos,sculpture and installation of 27contemporary artists.
Organised by Indo-AmericanArts Council (IAAC), the exhibitionexplores and draws from the
experiences of artists whose origins can be traced to the Indian subcontinent.While Khalil Chishtee's figures are made out of plastic bags, Jagdish Prabhu has
drawn his figures in soot (carbon). Pritika Chowdhry's installation titled "What theBody Remembers" comprises sculptures' that investigate the potential of the'fragmented body to invoke collective narratives of trauma'.
The IAAC aims at promoting and building awareness, creation, production,exhibition, publication and performance of Indian and cross-cultural art forms inNorth America.
KASHMIRHINDUFOUNDATIONLAUNCHED INUSIN AN EFFORT TOHIGHLIGHT THEINTERESTS AND NEEDSOF THE KASHMIRIHINDU COMMUNITY,NOW DWINDLING ANDSCATTERED AROUNDTHE GLOBE, ITS MEMBERS IN THE US HAVE COME TOGETHER TO FORM THEKASHMIR HINDU FOUNDATION.
The Foundation has set an ambitious goal to create a Kashmiri Cultural Centre,the first such centre outside India, a media release said. The Kashmiri CulturalCentre will provide home to the expression of arts and culture, where the richness ofKashmiri Hindu heritage will be showcased.
For all the Kashmiri Hindus in the US and other parts of the world, it will providea window to the beautiful valley and through this glorious view, create a starkcontrast as a reminder of their painful exodus from Kashmir.
The Foundation will serve to promote and encourage the contributions ofKashmiri Hindus worldwide, improve the lives of those of community who may befacing hard times.
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SHRITI VADERA TO QUIT...SHRITI VADERA ,BRITAIN'S HIGH-PROFILE INDIAN-ORIGIN BUSINESS MINISTER, CONSIDERED CLOSE TO PREMIERGORDON BROWN, IS SET TO STEP DOWN AND DON A NEW ROLE IN DOWNING STREET TO HELP TACKLE THEGLOBAL FINANCIAL CRISIS.
Baroness Vadera will now advise the G-20 on the design of institutions needed to implement the "framework of sustainable andbalanced growth" to be agreed this week, official sources here said, without disclosing when she will resign.
Vadera, a former investment banker, was a senior Treasury adviser to Brown when he was Chancellor and has remained oneof his key aides since he became prime minister.
She will be replaced as minister for competitiveness, small business and enterprise by Mervyn Davies.Business Secretary Lord Mandelson said Baroness Vadera
had made a "tremendous contribution" to his department. "Shehas worked tirelessly to ensure businesses, especially smallbusinesses, are supported through the recession and emergestronger at the other side," he said.
NATO COUTIONS INDIANORTH ATLANTIC TREATY ORGANISATION WARNS INDIA OFSOMALI PIRATE ATTACKS
There are huge concerns in Indian maritime circles following aNorth Atlantic Treaty Organisation (NATO) warning to the Indiangovernment, of a major plot by Somali pirates to target Indianvessels and sailors.
The NATO leadership has said that there is specificintelligence available with them to suggest that pro-al-Qaidaelements among Somali Pirates are plotting to target Indian shipsand sailors in the next few weeks.
India has already stepped up a vigil along the trading sealanes that are visited by Somali Pirates. But following theintelligence reports NATO naval units have agreed to assist the
Indian Navy in patrolling the risky waters near the Gulf.Earlier, a NATO warship rescued fourteen Indian sailors off Somalia, a day after they were freed by pirates who, they say, had
beaten them during 10 days of captivity. A NATO warship somewhere off the shore of Somalia. Emergency crews drove out to aboat carrying 14 Indian sailors.
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WATER ON THE MOONCHANDRAYAAN'S DISCOVERY, THE WORLD APPLAUS INDIA
Chandrayaan India's maiden mission to moon evidence of water on the lunarsurface before it terminated. A joint Indo-US study published in the prestigiousAmerican journal Science has revealed this startling finding.
For long, scientists have believed the moon is essentially a dry, parchedpockmarked landscape. But the new studies based on the images taken byChandrayaan provide clinching evidence of water molecules being present.
Chandrayaan's pathbreaking findings have been reinforced by data from twoAmerican spacecraft, Cassini and High Impact. But the clincher really came from
the $100 million Indian moon mission, which was recently terminated.Many a tear was shed when the Chandrayaan mission was terminated. But now, one can say "Chandrayaan-1 is dead, long
live Chandrayaan". For many more goodies are still expected from India's short affair with the moon.
NALIN SURIE, THE NEW INDIAN HIGHCOMMISSIONER IN UKNALIN SURIE, AN INDIAN FOREIGN SERVICE OFFICER OF THE 1973 BATCH,HAS TAKEN OVER AS INDIA'S HIGH COMMISSIONER HERE FOLLOWING THERETIREMENT OF HIS PREDECESSOR SHIV SHANKAR MUKHERJEE.
Surie is expected to present his Letters of Credence to Queen Elizabeth shortly.Previous to his appointment in UK, Surie was secretary (West) in the ministry of
external affairs, in New Delhi.Surie has served in Indian missions in Hong Kong, Brussels, Dar-es-
Salaam, Thimphu, New York (deputy permanent representative to the UN),Warsaw (ambassador) and Beijing (ambassador).
UNESCO-SUPPORTED INSTITUTE TO PROMOTE PEACEINDIA WILL BE THE FIRST COUNTRY IN THE ASIA-PACIFIC TO HAVE A WORLD-CLASS INSTITUTE IN COLLABORATIONWITH UNESCO FOR PROMOTION OF PEACE AND SUSTAINABLE DEVELOPMENT.
The Executive Board of UNESCO has approved India's proposal to set up the Mahatma Gandhi Institute of Education for Peaceand Sustainable Development in Delhi, said HRD minister Kapil Sibal. A Category-I institute, it will foster a culture of peacethrough education, promote sustainable economic and social development and respect for human rights. It will work on severalareas, including global warming and non-proliferation.
The government will invest Rs 100 crore while UNESCO will put in $500,000 to set up the institute. At present, there are 11UNESCO Category-I institutes and most of them are located in developed countries. The institute will do research on Gandhianthoughts on social justice,equity and peace.
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MISS BOLLYWOOD UKA BRITISH BEAUTY OF INDIAN ORIGIN WILL BE WHISKED OFFFOR A BOLLYWOOD ROLE AFTER BEING CROWNED THE FIRSTEVER MISS BOLLYWOOD UK AT A GALA EVENT INBIRMINGHAM
Reena Patel, from London, beat off 14 rivals - whittled down from along list of 900 - at the star-studded event to win the title whichcomes with the offer of a Bollywood role and a year's modellingcontract.
The runner up was Simran Chadha from Manchester and thethird place was taken by Stacey Fox of Essex in an ethnically diversecontest held at the International Convention Centre in Birmingham.The judges included Bollywood actress Manisha Koirala, said MissBollywood UK CEO Zia Choudhury, a Leicester-based model andactor.
Patel, 23, now waits to be flown off to India to live the life of aBollywood celebrity and will be automatically entered into the finalsof Miss Universe Great Britain which will give her an opportunity tocompete for the title of Miss Universe.
"The appeal in Bollywood is the song and dance, the glamour, thepeople - it is after all, the largest film industry in the world,"Choudhury said. The contest was open to women from all ethnicitiesas organisers wanted it to be as diverse as possible.
Patel follows the success of Liza Lazarus, a Welsh beauty whoscooped the Miss Universe UK title last year, and then found herselfstarring with Salman Khan in the period drama "Veer".
N E W S M A K E R | N E W S D I A R Y |
OBAMA APPOINTS ANOTHER INDIAN AMERICANTO KEY POSITIONINDIAN AMERICAN ARUN MAJUMDAR HAS BEEN APPOINTED AS IN-CHARGEOF ADVANCED RESEARCH IN THE FIELD OF ENERGY
A product of Indian Institute of Technology, Mumbai, Arun Majumdar has beennominated as Director of the Advanced Research Projects Agency - Energy in the USDepartment of Energy.
Currently, Majumdar is the Associate Laboratory Director for Energy andEnvironment at Lawrence Berkeley National Laboratory and a Professor of MechanicalEngineering and Materials Science and Engineering at the University of California,Berkeley.
"These individuals have proven that they will bring skill, dedication and expertise inthese important areas to my administration, and I look forward to working with them in the coming months and years," Obamasaid in a statement.
For his pioneering work, he was elected as a member of the National Academy of Engineering in 2005. At Berkeley Labs andUC Berkeley, he helped shape several strategic initiatives in the areas of energy efficiency, renewable energy as well as energystorage, and testified before Congress on how to reduce energy consumption in buildings, the White House said.
Majumdar has served on the advisory committee of the National Science Foundation's engineering directorate. He was also amember of advisory council to the materials sciences and engineering division of DOE's Basic Energy Sciences, and was anadviser on nanotechnology to the President's Council of Advisers on Science and Technology.
He has also been an entrepreneur and has served as an adviser tostart-up companies and venture capital firms in the Silicon Valley, it said.
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| B U S I N E S S N E W S | I N D I A
BUDDHA GOVT. OFFERS 45ACRES EACH TO TWO IT GIANTSDAYS AFTER WB IT DEPARTMENT ANNOUNCED THESCRAPPING, CM STEPS INTO RESCUE MODE
In a final endeavour to retain Wipro and Infosys in thestate, West Bengal Chief Minister BuddhadebBhattacharjee told a press conference at the CPI (M)headquarters in Kolkata: " I am proposing today(September 17), through the media, that we are ready togive 45 acres of land each to Wipro and Infosys. If theyagree to the proposal, they can come and immediately takepossession of the land and start new centres."
This comes days after the state Information Technology Department announced the junking of an IT park project with Infosysand Wipro in Rajarhat New Town. Clearing the air over the non-availability of any other area in the state, the CM said that this isthe only "alternative" land on which the two companies can construct their units. According to Bhattacharjee, all land given forsetting up the units is leased land.
In April last year, the state government had signed two MoUs - one each with Infosys and Wipro - for developing IT facilities inthe state. For this, both the companies had sought 90 acre each.
FIVE DAY JET IMBROGLIO ENDSAFTER A LOSS OF RS 200 CR, AN OFFER OF 50 PCDISCOUNT
With the strike associated with the demands of NationalAviation Guild (NAG), Jet Airway’s newly formed union gettinga green signal from the airline management, the five daystrike called by the pilots and the ground staff came to adramatic end. The management paid heed to the agitators’demand of reinstating the four sacked pilots.
It is to be noticed that during the tenure of the strike, theorganization lost over Rs 400 million. “On an average, ourdaily revenues are in the range of Rs 80 lakh”, said ExecutiveDirector Saroj Dutta. In this period, the airline had announcedcancellations of 15 international and 137 domestic flights.
Speaking to the media after the deadlock situation gotblurred, Dutta said, “We have reached an amicable settlementon all issues. An agreement has been signed on all issues.There is no question of victory. It’s an agreement between thetwo segments of the company. A consultative body has beenconstituted as part of the agreement”.
In order to lure back passengers, Jet Airways and JetAirways Konnect had also announced a 50 percent discount inthe fares from September 14, 2009.
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WHOLESALE PRICES RISE FORTHE FIRST TIME SINCE MAYINFLATION BUDGED INTO THE POSITIVE SIDE, FUELLEDBY HIGHER PRICES OF ESSENTIAL FOOD ITEMS
After a gap of 13weeks, the wholesaleprice-based inflationjumped into thepositive orbit with0.24 percentagepoints for the weekending September 5.Inflation has beenresiding in thenegative territory for the past 13 consecutive weeks due to thebase effect. Budging into the positive side has been fuelled byhigher prices of essential food items.
The cost of essential items including fruits ascended by asteep 17.8 per cent on a weekly basis. Apart from this, theprices of the pulses rose by one to two per cent and of thespices by three per cent. Besides this, the price indices forprimary articles, manufacturing products and fuel, power, lightand lubricants rose for the week that ended on September 5.
Earlier, both Finance Minister Pranab Mukherjee andPlanning Commission Deputy Chairman Montek SinghAhluwalia had said that the inflation would turn positive by themonth of September.
The inflation rate turned negative for the week ending June6 for the first time since the new wholesale price index serieswas started in 1995.
G L O B A L | B U S I N E S S N E W S |
NRI INDUSTRIALIST TO INVESTRS 500 CR IN THE NEXT THREEYEARSVIKAS RAMBAL- POWERED PERDAMAN INDUSTRIESTO REVIVE IN THE AREAS OF SOLAR POWER, WINDMILLS AND FOOD PARKS
In order to revive and energisethe field of solar power, windmills, food parks andplantation of jatropha curcus,Perdaman Industries,promoted by NRI industrialistVikas Rambal has announcedto inject and invest Rs 500crore in the coming threeyears in India.
The group has already signed an agreement with theMadhya Pradesh Government, whereby they will beprovided with 5,000 hectares of land near Gwalior. Thecompany envisages to dedicate the land for the plantationof jatropha curcus (the oil derived from the seeds aremeant for the formation of bio diesel fuels).
Apart from it, the company has also formulated theplan to set up a mega food park in the state. Besides this,the company is also in talking terms with a globalorganization (which would have a stake of 50 per cent) toset up a similar food park in Gujarat.
Saddened over the fact that his parent state, Jammuand Kashmir has been treated in a step-motherly fashion,Rambal said: "If the state government gives us someproject we will certainly consider it. We want to serve forthe state...We are not asking for employment; rather weshall create employment opportunities there."
PYRAMID DECEPTION LEADS TO $ 130MILLION SCAMNRI BUSINESSMAN DUPED DARREN GOUGH, JEROME FLYNN AND600 OTHER PEOPLE
The City of London Police has got hold of the mastermind and two of hisaccomplices of $ 130 million scam, which according to them, bore brunt on
the lives of 600 people. After conducting a series of raids, the Police have arrested Chelsea-based NRI businessman and themastermind Kautilya Nandan Pruthi, and his business partners Kenneth Peacock and John Anderson.
Among the people who were befooled by the trio include former England cricketer Darren Gough, singer Jerome Flynn andactress Francis de la Tour. England cricketer Kevin Pietersen confirmed to the media that he was approached by the group, but hedid not show any interest towards their plan.
Pruthi and his accomplice allegedly promised the investors monthly payback rates between 8 percent and 13 percent throughhis company Business Consulting International. The company claims that it invests the money as venture capital in small orstruggling business. However, the police claim that a major chunk of the cash was sided by Pruthi and the duo in the manner of aPonzi scheme, whereby he used the 'new' money to pay off his old investors.
NRIS EYING PROPERTIES INFOREIGN LANDS50 PERCENT DECLINE IN THE INTEREST OF NRIS TOBUY INDIAN PROPERTIES
According to reports from Jones Lang LaSalle Meghraj(JLLM), one of the thriving global real estate consultancies inIndia, compared to the previous year, there has been agradual drop of 50 per cent in the interests of the Non-Resident Indians while buying India- based properties.
India is not the only country that NRIs are now eying forrealty investment. After the sub-prime crisis fallout in the US,NRI investors have woken up to the potential there," saidSanjay Dutt, CEO-Business, JLLM.
As a result, one could easily look out for the NRIssearching hawk-eyed properties in the foreign shores. Someof the popular locations where properties of their interestcould be found are Singapore, Dubai and London. Accordingto JLLM, in these hotspots, the NRIs could avail a largenumber of facilities and look out for interesting opportunities inthe Rs 4 crore plus bracket than in Indian cities like Mumbai,Delhi and Bangalore.
One of the reasons for reposing their faith on off-shoreproperties is the fact that their prices in the US arecomparatively low when equated with the past.
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Business Consulting International
Fiji AgainOusted from TheCommonwealth
The small Pacific island of Fiji has gone to the dogswith its undemocratic behaviour on September 1,2009 at midnight when it faced Commonwealthexpulsion after expiry of deadline for the election tobe announced.
Hardly, had Fiji recovered from the aftermath ofits 2006 expulsion when the Commonwealthexpelled it again. The Fijians got into the sameturmoil recently as their dictator military head FrankBainimarama is not on the side of angels. Democraticprinciples have been totally ignored in Fiji.
Currently the conflictbetween Fiji and the worldcommunity started when onApril 9, 2009, the AppealCourt in the capital Suva,favouring the ousted electedPrime Minister LaiseniaQarase declared that theappointment of 2006 coupleader Commodore FrankBainimarama as the interimPrime Minister by PresidentRatu Josefa Iloilo was unlaw-ful. As a reaction to Courtruling, the President sus-pended the Constitution,promulgated emergency,dismissed the judiciary andreappointed the interimgovernment under a so-calledlegal order.
In mid-April, the situationturned so sour that Fiji'smilitary regime had been dealta blow by United Nations'refusal to engage its troops in
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P T BUREAU
fresh peacekeeping operations. It was then when theCommonwealth set a deadline of September 1 forelections to be announced.
Bainimarama, who is now Fiji's military ruler, hasinsisted that the country will not be ready forelections next year and that polls will be held only in2014. He had sought the eleventh hour talks with the53-nation group made up of Britain and its formercolonies in a bid to avoid expulsion. However thetwo sides could not agree on a particular date.
"If Fiji doesn't accept the conditions set by theCommonwealth,including havingelections next year,then suspension isautomatic comemidnight, Fiji time(12:00 GMT)," a CWspokesman said.
However,Bainimarama told theFijian media that hewould not be dictatedby external forces andLieutenant-ColonelNeumi Leweni. Agovernment spokesmansaid that the deadlineand expulsion wouldnot alter Fiji's plans.But everybody knowsthat a lot of change is inthe winds. Afterexpulsion from theCommonwealth, allFijians are worse off.
Fiji, known for its on-and-off-
again relationship with the Com-
monwealth has been suspended
for the fourth time in 22 years
recently on account of not assur-
ing a rapid return to democracy
Two newly appointed priests in thePashupatinath temple, who were supposed totake up their priestly duties from September5, were brutally assaulted by the workers ofthe youth wing of the Communist Party ofNepal-Maoist (CPN-M) a day before. TheMaoist followers who had blocked the roadsleading towards the Temple are enraged overthe issue of the appointment of the Indianpriests by the government.
On September 4, Raghavendra Bhatta andGirish Bhatta (both from Karnataka) wereperforming some religious rituals in a custom-ary refuge in a secret place, when they wereattacked by a group of armed Young Commu-nist League (YCL) members. "They were attackedwith rods and showered blows. It appeared like adeliberate attack," a person attached to the templesaid on the conditions of anonymity. One of thepriests had suffered a black eye during the attack.
Venting his ire over the preference given to Indianpriests over their Nepali counterparts, GaneshChandra Adhikari, one of the key leaders of theagitating committee, said: "We demand that Nepalisbe appointed as priests (in the Pashupatinathtemple)."
After the incident was brought to the notice of theIndian Embassy in Kathmandhu, it was deftly takencare by the law enforcement agencies and also at thehigher political level. Earlier, just after the incident,Indian ambassador to the country Rakesh Sood metformer Prime Minister Prachanda and updated himabout the grave matter.
On her first visit to the country, Foreign Secre-tary Nirupama Rao, said, "I visited the sacredPashupatinath Temple today (September 15). The
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AMIT GUIN
political leaders conveyed their regret at the unfortu-nate incident involving the unprovoked attack onIndian priests in Pashupatinath". She also got anassurance regarding the safety of the Indians from awide range of leaders; whereby they assured that allpossible steps would be taken for the security and thewell-being of the priests and other Indian inhabitants.
The temple has five priests - four for each of thefour faces of Lord Shiva and one chief priest.Raghavendra and Girish were supposed to takecharge of Basuki Temple, which is located within thepremises of Pashupatinath and the northern face ofthe main temple respectively. They were selectedafter a rigorous examination or selection process. APashupati priest is known to be well-versed in, all thefour Vedas. He should be married, as widower andremarried persons are not permitted to be a priest.An expert is of the opinion that "mostly (the priests)used to be people associated with the Sringeri Mathin Karnataka."
Indian Priests Assaultedat Pashupatinath
Protests over the appointment of Indian priestsin the sacrosanct Pashupatinath Temple have
left the Maoists red-faced with anger
Sanguineabout IndianCooperationandMemorySharing
The Indian High Commissioner Malay Mishrahas said that the requests have been received bythe Indian government from Trinidad & Tobagoto cooperate in the areas of information technol-ogy, healthcare, agriculture, renewable energy,ocean development, security, culture, trade,fashion and education.
He further mentioned that the bilateralcooperation program has been developed whichthe country is sharing with Trinidad andTobago. "India has built very strong and positiverelations with this Caribbean nation in manyareas. These relations would be consolidatedfurther for the betterment and development ofour people," said Mr. Mishra.
The Indian government is also willing to helpin the installation of a monument at Trinidadand Tobago's Nelson Island where nearly 1,47,000 Indians arrived between 1845 and 1917 towork on the sugar plantations.
D.N. Srivastava, JointSecretary in the Ministry ofOverseas Indian Affairs (MOIA)told a press conference: "What-ever requests come to us forboth the installation of monu-ment at Nelson Island, and theenhancement of the system andfacilities at the Indo-CaribbeanMuseum would be fully consid-ered and supported."
Trinidad and Tobago alsohouses the Indo-CaribbeanMuseum, the only facility in thewestern world to preserve theinstruments, religious texts,tools, jewellery, cooking utensilsof the people who migratedfrom India.
It is worth noting that about 44 percent of the1.3 million people in Trinidad and Tobagoconstitute the Indian Diaspora. In order topromote the understanding of Indian Diaspora,it is quite reasonable for India to involve itsexpertise in development process of Trinidad &Tobago.
| T R I N I D A D & T O B A G O |
PRAVASI TODAY | OCTOBER 2009 çoklh VqMs | vDVwcj 200916
P T BUREAU
The month of Au-
gust has been very
special for T&T
citizens, full of
sanguineness and
enthusiasm, when
Indian authorities
assured them to
cooperate in the
areas of technology,
culture, trade, edu-
cation, healthcare,
agriculture and security, and sup-
port to install an historical monu-
ment and enhance the system and
facilities at the Indo-Caribbean
Museum
(The poll) had all the elements of a Tamil movie.There were emotional outbursts, tears of joy andsadness, anger and regrets", New Straits Times, anewspaper observed. This explains the passion withwhich the leaders of Malaysian Indian Congress(MIC) peppered the two million strong Indianpopulation in the country.
Distinct from its Indian counterparts where theaverage age of the elected leaders is 60-65, the partyhas got a young team. A battery of dedicated andexuberant youth forms the core group of the party. SSamy Vellu has retained the post of Chief after theparty made a clean sweep in the organizational polls.While S Murugesan (42) is the new secretary-general,Jaspal Singh (47), a Sikh in a pre-dominant Tamilparty, has been elected to the post of treasurer; while42-year old P Kamalanathan has been accorded withthe post of information chief.
Prime Minister Najib Tun Razak, who is theChief of the ruling coalition Barisan Nasional (BN),of which the MIC is an integral part, told the youngbunch that they must reach out to the Indiancommunity to regain the support base they had lostin the previous general elections.
| M A L A Y S I A |
PRAVASI TODAY | OCTOBER 2009 çoklh VqMs | vDVwcj 200917
P T BUREAU
Putting emphasis on the fact that more youngblood needs to be infused in the party, Vellu said thatthe party has contrived of organizing online polls,apart from the plan to set up more youth branchesthroughout the length and breadth of the country. Healso said that he would train his team in a better wayand run the party for the betterment of the Indiancommunity.
It has become pertinent on the part of MIC to haveamicable ties with the Indian stronghold in thecountry. It is now a tough task on part of the partyleaders to better their relationship with the Indiancommunity, as a major pie of it has earlier rejected theparty in the last general election. PM Najib said thatthe MIC leaders should work in tandem andstrengthen itself for the future challenges. "Thechallenge is to unite the Indian community andensure the MIC stays relevant," he said after knowingthe outcome of the polls.
Malaysia has a rainbow demography with the Sikhsnumbering about 100,000 and the Tamils forming acrucial 8 percent of the country's 28-million strongpopulation.
Youth Hold the Bastionin Malaysian Indian
Congress
Retaining the post of Chief, S Samy Vellu's MIC has a clean sweep in theorganizational polls; PM asked the leaders to reach out to the Diasporic
population
According to a new study conducted by well knownconsulting firm Deloitte, there has been a slump of30 percent in the number of Indian unskilled migrantworkers to the Gulf Cooperation Countries (GCC)between September 2008 and March 2009. To rubmore salt into the apprehensions of the authority, ithas been confirmed through this report that morethan two lakh Indians have come back from theUnited Arab Emirates (UAE) due to the repercus-sions of the global financial crisis.
A first-of-its-kind study done for the Ministry ofOverseas Indian Affairs (MOIA), highlighting theimpact of the financial crisis on the Gulf countriesand Malaysia, states that more than 15,000 unskilledIndian migrant workers from Bahrain and nearly7,000 from Kuwait have shifted to their homelandduring this time.
CausesApart from the ghost of Lehman Brothers hauntingthese workers in the form of unavailability of work,it was the gradual declivity in economic activitieswhich led to this situation. Acting hand-in-glovewith this was the restrictive nature of the policies ofthe various Gulf governments which led to the birthof such a crisis. It was also because of the migrants'tendency to avoid any future risks which compelledthem to come back to their homeland.
Suggestions and MeasuresAllaying the fears of the workers and the concerned
| U A E |
PRAVASI TODAY | OCTOBER 2009 çoklh VqMs | vDVwcj 200918
P T BUREAU
authorities, the study has also suggested some shortand long term measures.
Among the short-term measures drafted by thestudy, it wants that the government should providethese migrant workers with financial aid in the formof subsidized loans. In this way, the study suggests,these workers can repay loans taken by them formigration purpose.
The study also envisages the introduction of aspecial cell in the Indian Embassies that couldinteract with prominent employers of Indianmigrants. On the other hand, it advises the govern-ment to set up helpdesks to provide assistance on theavailable job opportunities in the country andabroad.
In the long term, the study suggests the govern-ment to let set up an independent employmentexchange unit. This, the study surmises, will act as abridge between the overseas employers and the job-seeking workers. It also suggests the government todevise stern rules and regulations for the recruitmentagencies, apart from the initiation of pre-departureorientation courses. It also suggests the developmentof a dedicated web portal through which asidethisinformation, one can seek various migration-related information.
30 percentslump inthe numbermigrantworkers toGCC Acting hands-in-glove with the
ghost of Lehman Brothers was therestrictive nature of the policiesof the various Gulf governments
which led to the birth of such acrisis
| C O V E R S T O R Y |
BHUVANESHWARI DAS IYER
Our Festivals AbroadHow the DiasporaCelebrates India
THE INDIAN DIASPORA WORLD HAS BEEN NOTED AND FETED FOR ITSSTUPENDOUS ECONOMIC SUCCESS ACROSS THE GLOBE. PRAVASI TO-
DAY TAKES A LOOK AT HOW THE DIASpora keeps alive the spiritualheritage of the nation through its celebrations of Indian festivals in their
countries of residence…
The bone-dry twin city of Midland-Odessa in WestTexas (US) is not the place you would expect to see adress rehearsal for Indian festivities. A mostly whitecity, in the oil-rich Permean Basin, it is the home-town of former US President George W Bush,where the only sounds resonating till a few yearsback were the squeaking of the oil rigs pumping outblack gold. It is also far away from the typical Indianenclaves of New Jersey and the San Francisco BayArea, leave alone India itself.
Circa 2005, at a local high school auditorium, a
group of young girls were practising a Rajasthanifolk number; an equal number of boys were chorus-ing a Punjabi song, while the kid's parents, immi-grants from different parts of India, gathered underthe aegis of the Hindu Association of West Texas,discussed arrangements for food, frolic, and otherentertainment for the coming days. There was apriest to be commandeered from Dallas, a cook fromHouston, and a young master of ceremonies to betrained to deliver a talk on Dassera and Diwali. Thisis just a sample, by the way, of the Diaspora celebrat-
PRAVASI TODAY | OCTOBER 2009 çoklh VqMs | vDVwcj 200920
ing Indian festivals thousands of miles away fromhome.
October-November (it could be earlier too, duringcertain years, as the current one is) is the festiveseason for NRIs around the world. Thousands milesfrom home, the rapidly growing Indian Diaspora,helped by collapsing distances and increasing num-bers, is getting closer to its roots or at least attemptingto in its own way. Indian festivals do not get biggerthan Vijaydashami (Dassera) and Diwali. Incidentally,during 2005, the Indian-American community in theUS was emboldened enough to ask (then) US Presi-dent George Bush if he could celebrate Diwali in theWhite House. "Send me the details and what itinvolves", Mr Bush responded, "and I'll look into it."Though American laws concerning fire codes do notallow bursting of firecrackers, but in every otheraspect, the festivals of song and light have caught onin a big way among the NRIs. The buzz is that itwon't be long before even the White House is lit upwith diyas.
Almost every large American city has garbacompetitions, Diwali melas, and all the pageantryassociated with the celebrations in India. Sample this:there are group drop-ins to a different house each dayto recite the Lalita Sahas-ranama, sing bhajansand distribute Maha Prasad. NRI celebration ofIndian festivals in the US has become a veritablefestive fever that has caught on even in relativelymiddling cities such as Portland, Lexington etc.,which have only a few hundred Indian families.Typically, the families gather at a local temple(often makeshift) or a high school auditorium.They put the kids, most of them American-born, through the dandiya and bhangra paces. Alot of it is a Bollywood spin-off.
The adage "You can take an Indian out ofIndia, but not India out of an Indian" can be seenwritten large all over the Diaspora world, andmore so during festival time. The yearning toconnect with roots at home is palpable, and evenfor second or third generation NRIs. Not of allit is kitsch, though; there's serious stuff too,especially in the larger Indian enclaves. There areprofessional dandiya competitions in Teaneck,New Jersey, and Palo Alto, California. Bengalistoo celebrate Puja in a big way, while profes-
sional Bharatnatyam performances are almost a givenin many Western cities with any meaningful Indianpresence.
Across the Atlantic, in the UK, the original'vilaayat' before Uncle Sam displaced it from thetopmost perch, things are not any different amongstthe Diaspora when it's festival time. One can see hiphenna tattoos to accessorize Brit-Indian costumechic, dozens of advertisements for "Diwali-dinner-and-dance" evenings, modelled on the Christmascelebrations, hundreds of people meeting every night
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| C O V E R S T O R Y |
Almost every large Americancity has garba competitions,diwali melas, and all the pag-eantry associated with thecelebrations in India. NRIs
celebration of Indian festivalsin the US has become a veri-table festive fever that hascaught on even in relatively
middling cities.
| C O V E R S T O R Y |
during Navratri in the northern English city ofBradford to dance the garba. This is an English townhall, home of local government, which ceremonially"switches on" its Diwali lights. What's more, the UKalso boasts of a Guinness Book of Records entry forthe biggest, post-Diwali Annakut Utsav anywhere inthe world. Indeed, the Dassera-Diwali season is nowpart of the range of Britain's newly-designated multi-cultural "autumn festivals", somewhere betweenHalloween and Christmas. Invariably, London'sSwaminarayan temple, the biggest Hindu templeoutside India, is the beehive of activity during Diwalitime. And with every year, it seems to be gettingbusier.
Indians in India may be surprised to learn that theUK's Leicester Diwali is touted as the "biggest Diwalicelebrations outside India". As far as religious fervourand traditional adherence go, Hindu communityleaders opine that the new corporate sponsorship ofDassera and Diwali barely registers on celebrations inthe average British Indian home, many of whom say"We may possibly be even more traditional in ourcelebrations than Indians in India." NRI familiesclean their homes thoroughly; prepare for theirelaborate rangolis, plan the special dish and the waythey will specially present it for the temple'sAnnakut Utsav (literally mountain of food).
To be sure, Indian festivals and ceremonies are notrestricted to the Diaspora in the First World orWestern countries. Mauritius, that little India in theIndian Ocean, the countries of the Caribbean, thecountries across the African continent - most notablyKenya, South Africa, Tanzania and Uganda, promi-nently, have had a sizeable and influential IndianDiaspora. Look eastwards, and one can't miss thecultural India that is spread across South East Asia,especially during festival time.
There is indeed no doubt that the Indian Diasporaacross the globe celebrates Indian festivals andceremonies. On Aug 23, 2006, Anand Satyanand
taking over as governor-general of New Zealand, putit succinctly when he made it a point to refer to hisIndian heritage in his oath-taking address. "I acknowl-edge also my Indian origin, with four grandparentswho migrated from that country to Fiji," he said.Satyanand reflected the pride with which everysuccessful overseas Indian wears his or her Indianheritage on the sleeve, which comes alive during thefestive season. Sixty years after independence, theIndian Diaspora - persons of Indian origin (PIOs) andnon-resident Indians (NRIs) - look up to a nationwhere they trace their roots and which is seen as aglobal power of the 21st century.
India's Diaspora is different from those of othercountries because of its tenacious battles againstcolonial and racial persecution in places as far apart asFiji, Malaysia, Mauritius and the Caribbean and theiremergence as leaders of government and society. Theenthusiasm and nostalgia for our festivals, theundiminished urge to celebrate them with all thetraditional fervour and minute detail - perhaps evenmore so than is done in India itself - are but reflectiveof this stark fact. Undeniably, the celebration of ourfestivals by the members of the Diaspora overseas isalso about connecting back home and remember thesweet old times they spent while growing up.
Home, after all, is where the heart is.
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India's Diaspora is differentfrom those of other countries
because of its tenacious battlesagainst colonial and racial per-secution in many countries. Theenthusiasm and nostalgia for
our festivals, the undiminishedurge to celebrate them are butreflective of this stark fact.
| R O U N D U P |
SCHEME FOR DESERTED INDIAN WOMENThis scheme has been initiated by the Ministry of Overseas Indian Affairs, Government of India for the welfare of Indian womenabroad. The scheme aims to provide financial, counselling and legal assistance to women deserted by overseas Indian spouses.
In the current year, the Ministry of Overseas Indian Affairs would initially sanction Rs. 40 lakhs each to the Indian Missions inUSA, UK, Canada, Australia, and the Gulf, subject to review next year. Thus, in the current year the budget provision for thisscheme is Rs. 2 crore.
Scope of and eligibility for the scheme:The scheme would be available to women who have been deserted by their overseas Indian spouses or are facing divorceproceedings in a foreign country subject to the following conditions:1. The woman is an Indian passport holder.2. The marriage of the woman has been solemnised and registered in India.3. The woman is deserted in India or after reaching abroad within two years of the marriage.4. Divorce proceedings are initiated within two years of the marriage by her overseas Indian spouse.5. An ex-parte divorce has been obtained by the overseas Indian spouse and a case for maintenance and alimony is to be filed.6. The scheme would not be available to a woman facing criminal charges or having a criminal case decided against her.7. The domicile of the woman seeking relief under the scheme is not relevant for allowing the benefit. The woman may be
domiciled in the country of her overseas Indian spouse or in India at the time of making the application.8. Preference may be given to applicants on the basis of financial needs.9. Assistance will be limited to meeting initial cost and incidental charges for documentation and filing of the case by the Indian
women's organisations / NGO on the woman's behalf.
EMPLOYMENT GUIDELINESFOR EMIGRANTSFor the benefit of the prospective emigrants, thereare certain guidelines issued by the Ministry ofOverseas Indian Affairs. Follow these guidelines foryour own safety and security.
General Guidelines• Deal only with those recruiting agents who have
registration certificate and authorised licenseissued by the Protectors of Emigrants (POEs)
• Do not deal with sub-agents as they are notpermitted under the Emigration Act, 1983
• Carefully go through the Employment contractand review the salary details and other termsand conditions of the service
• Ask the recruiting agent for the Demand Letterand Power of Attorney from the foreignemployer
• Do not pay the recruiting agent other than the servicecharges amounting Rs. 2000 for un-skilled workers, Rs.3,000 for semi-skilled, Rs. 5,000 for skilled workers andRs. 10,000 for other than the above
• Ask for the receipt of the payment and prefer payingthrough demand draft or cheque rather than in cash.
List of Registered AgentsThe Ministry of Overseas Indian Affairs has published a list ofRegistered Agents for the benefit of Indian nationals aspiring
to go abroad for the purpose of employment. Do not deal withany other recruiting agent other than the ones having a validregistration certificate issued by the Protectors of Emigrants(POEs).
Blacklisted Foreign EmployersThere are certain employers who have been blacklisted by theMinistry of Overseas Affairs. Prospective emigrants need toavoid any kind of dealing with them.
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| R O U N D U P |
10.The assistance will be limited to US $1000 per case andwill be released to the Indian community organisations /NGOs concerned to enable it to take steps to assist thewoman in documentation and preparatory work for filingthe case.
11.The women's organisation / NGO will make efforts toenlist community advocates, preferably womenadvocates, to extend further legal assistance /appearance in court etc. on a pro-bono basis.
Whom to contact?In case of assistance or filing complaint against theexploitation at the hands of their husbands or in-laws, Indianwomen overseas can contact Indian Missions in the countrywhere they are residing. Indian women's organisations,Indian community associations, and NGOs abroad can alsobe contacted by the Indian women. These organisationsprovide legal aid to the victims in distress and whose names have been approved by the Ministry of Overseas Indian Affairs. Theapplications for providing legal aid received by the Missions would be examined by an officer designated by the Head of theMission on case-to-case basis and approved by Head of Mission / Deputy Chief of the Mission.
| OCTOBER 2009 çoklh VqMs | vDVwcj 200925
NRI REGULATIONS FOR SALE AND PURCHASE OF PROPERTYThe Reserve Bank has granted a blanket permission to NRIs to purchase property in India for their residential and commercialpurposes. There is also no limit on the number of investments or the quantity of investments that can be made in real estate. Theimmovable property can be purchased by inward remittances from any place outside India or through funds maintained in NRIaccounts in the banks within the country.
FEMA stipulates that before making a purchase a specified form called the IPI 7 needs to be filed with the central office of theRBI along with the title deed or any other certified copy of the document proving that the NRI has executed an agreement topurchase property within the country. The form has to he filed within 90 days of the purchase of property and has to beaccompanied with a bank certificate stating the consideration paid for the purchase. Permissions are generally granted withoutundue delays if all the relevant papers are submitted.
NRI REGULATION FOR SALE OF PROPERTYNRI desiring to sell property within India has a lock in period of three years. That is, NRI under the FEMA regulations is allowedto sell property only after three years from the date of acquisition for the property or from the date of payment of the finalinstallment of the consideration for its acquisition, whichever is later.
| R O U N D U P |
| OCTOBER 2009 çoklh VqMs | vDVwcj 200926
TAX BENEFITS TO NRIS AND PIOSThe Government of India has introduced schemes for the benefit of tax saving NRIs and PIOs by the way of investments.Following are the tax exemptions that NRIs and PIOs can enjoy.
Tax exemptions from income taxIncome from the investments cited below is totally exempted from tax:• Deposits made under the following bank accounts:1. Non External Rupee Account (NRE) [Tax exemptions relating to NRE will cease immediately when the NRI/PIO becomes the
resident of India.]2. Foreign Currency Non-resident Account (FCNR) [Interest on FCNR will continue to be tax free as long as the NRI continues to
be Resident, and not an Ordinarily Resident.]
• Units of Unit Trust of India (UTI), mutual funds, bonds, securities and saving certificates (as per the conditions mentionedunder the Income tax laws and regulations).
• Dividends declared by Indian companies.• Long-term capital gains from transfer of equity shares in a company and / or equity oriented schemes of mutual funds that are
subject to securities transaction tax.
Tax exemptions from wealth tax• The Finance Act 1992 has considerably reduced wealth tax levied on NRIs and PIOs. With effect from April 1, 1993, wealth
tax is charged only on non-productive assets like urban land, buildings (except on house property), jewellery, bullion, vehicles,and cash over 50,000/- etc.
• The current rate of wealth tax is one per cent on the cumulative market value of taxable assets as on 31st March every year inexcess of Rs.1.5 million.
Tax exemptions from gift tax• The Gift Tax Act, 1958 has been repealed with effect from October 1, 1998 and as such, gift tax is not chargeable on any gifts
made on or after that date.• With regard to gifts of foreign exchange or specified assets made by NRls to their relatives in India, it should be noted that:• Gifts made by an NRI/PIO to his or her spouse, minor children or son's wife will involve clubbing of income and wealth in the
hands of the donor - NRI/ PIO.• In the case of gifts to minor children, the clubbing of income, as above, will cease upon such children attaining the age of 18
years.• All gifts received by residents from NRls / PlOs may be subject to the tax authorities requiring the recipient to provide
evidence as regards the identity and financial capacity of the donor and genuineness of the gift.• The Income Tax Act has now provided that any sum of money exceeding Rs. 25, 000 received without consideration (i.e. gift)
by an individual from any person on or after 1st September, 2004, will be entirely chargeable to income tax in the assessmentof recipient (i.e. donee) under the heading "Income from other sources", for and from assessment year 2005-06 and onwards.
• Gifts on occasion other than marriage, forexample, birthday, marriage anniversary and othersocial occasions, religious ceremonies etc. wouldbe taxable as income. Gifts received on theoccasion of the marriage of the individual,irrespective of any limit, (but within reasonablelimits) would not constitute income.
• Under the Foreign Exchange Management Act,1999, no approval from Reserve Bank of India(RBI) is necessary for the resident donee to holdgifted immovable property outside India, providedthe said property is gifted by a person residingoutside India. General permission, subject tocertain conditions, is granted by RBI for theresident donees to hold foreign moveableproperties such as shares and securities gifted byNRI/PIO donors.
| E C O N O M Y |
We wish to earn money from financialmarkets. It is estimated that in future, 80percent of global wealth will be in theform of intangible assets like brand value,goodwill etc. With more and morecorporates resorting to branding, good-will creation and intellectual propertyrights, fixed asset like real estate etc. willlose weight age in wealth calculations.
We have to come to terms with theseasset classes. The financial and corporateworld is using financial products to createintangible wealth and unlock theirvaluations. We need to understand thesestructured financial products thoroughly,especially derivative products, whether itis a currency derivative, interest ratefuture, commodity and stock derivativesand call put options etc. to name a few. Variousstock exchanges have come out with newer productsand are conducting awareness sessions.
These products are providing leveraging opportu-nities, which can be used for managing risks likehedging or for capital market speculation, which isdirectly related to volatility and in turn, leads to risk.Risk creates uncertainty, something we have to livewith.
There is no fixed strategy of investment in the
Understandingand Investing inIndianCapitalMarkets
PRAVASI TODAY | OCTOBER 2009 çoklh VqMs | vDVwcj 200928
We need to understand thesestructured financial productsthoroughly, especially deriva-tive products, whether cur-rency derivatives, interest
rate futures, commodity andstock derivatives and call put
options.
Pravasi Today’s financialexpert on the latest develop-
ments in the financial andstock sectors that can en-
market. In a short span of twenty five years, ahundred thousand dollars invested with GeorgeSoros in 1969 would have become 130 milliondollars. This comes to 35 per cent return annually.Soros was highly speculative and leveraged in hisapproach. On the other hand, Warren Buffet neverleveraged his positions. He said "I don't get affectedby volatility in the market. I always buy a businessand not a stock." For Buffet, even if a stockexchange closed for two years after he has boughthis shares, it would not affect him. He is one of therichest men in the world today. The most impor-tant investment policy is taking a view of themarket in the morning on daily basis and with thisview build up your investment and trading strategyfor your chosen investment time horizon.
India has a very vibrant and developed financialmarket and various sectors of India's economy areshowing clear signs of recovery, especially theautomobile, banking, education, healthcare andinformation technology sectors. The Sensex andNifty are on an upward march and have crossed the16000 and 5000 mark respectively.
Recently, a World Economic Forum Reportalso stated that "vibrant financial markets andsound banking sector have helped Indian economymove up to 49th place on the global competitivescale. India's competitive performance continues toexhibit a rather reversed development pattern. Itprecedes many advanced economies in terms ofbusiness sophistication and innovation capacity.India also boasts bustling financial markets and asound banking sector, supported by well-function-ing institutions. In terms of well-functioninginstitutions, India is at the 54th place while at 16thand 25th spots in terms of bustling financialmarkets and a sound banking sector supported by avast domestic market. Almost topping the list, Indiaranks third for financing through local equitymarket and third for its local supplier quantity.India ranks 20th amongst the savers".
Another important development to be takeninto consideration is the Direct Tax Code, althoughyet to be implemented. Foreign InstitutionalInvestors (FIIs) fear higher tax outgo under this newtax code. So far in 2009, FIIs have pumped in $8.6billion into Indian equities. As of September 15,
| E C O N O M Y |
2009, there are around 1,695 SEBI-registered FIIs inIndia.
Under the proposed tax code, Securities Transac-tion Tax (STT) will be abolished and tax on long-term gains will be brought back. The code proposesthat FIIs will be taxed at a flat rate of 30% on netcapital gains as against nil / 10% / 20% on long-termcapital gains and 15% / 30% on short-term capitalgains under the existing law.
It also introduces General Anti-avoidance Rules(GAAR), under which any transaction could beconsidered to be a tax avoidance transaction and theonus for proving otherwise is on the tax payer.There are concerns that GAAR could be used againsteven genuine transactions, thereby affecting portfolioflows into the country.
Currently, Double Taxation Avoidance Agree-ments (DTAA) overrides the domestic law. The newCode also proposes that the provisions under the Actor DTAA, whichever is later in time, shall prevail.This negates the provisions of more than 70-oddcomprehensive DTAAs, which India has signed withother countries, thereby eroding the subsequent taxbenefits. Experts believe the ownership structure ofFIIs could be impacted and there would be need forre-organization.
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Another important develop-ment to be taken into consid-eration is the Direct tax Code,
although yet to be imple-mented. FIIs fear higher tax
outgo under this new taxcode.
| L E G A L |
Some EssentialLegalities Overseas
Citizens ofIndia Must Know
There are important legalities regarding for Overseas Citizens of India(OCI) that NRIs and PIOs must know. Pravasi Today's legal expert brings
you the facts...
Can a person registered as anOCI be granted Indian citizen-ship?Yes. As per the provisions ofSection 5(1) (g) of the CitizenshipAct, 1955, a person who isregistered as an OCI for five yearsand is residing in India for oneyear out of the above five years, iseligible to apply for IndianCitizenship.
Will the applicant lose hiscitizenship after registering asan OCI?No. As only citizens of the country which allowsdual citizenship under the local laws in some form orthe other are eligible for applying for registration asan OCI, losing one's foreign citizenship does notarise.
Who is eligible to apply?A foreign national, who was eligible to become a
citizen of Indiaon 26.01.1950 or
was a citizen ofIndia on or at any
time after 26.01.1950or belonged to a
territory that became partof India after 15.08.1947
and his/her children andgrandchildren, provided his/
her country of citizenship allowsdual citizenship in some form or
other under the local laws, is eligiblefor registration as an Overseas Citizen
of India (OCI). Minor children of such person arealso eligible for OCI. However, if the applicant hadever been a citizen of Pakistan or Bangladesh, he/shewill not be eligible for OCI.
Can a person renounce OCI?Yes. He/she has to declare intention of renunciationin Form XXII to the Indian Mission/Post whereOCI registration was granted. After receipt of the
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| L E G A L |
SUBRATA BISWAS
declaration, the Indian Mission/Post shall issue anacknowledgement in Form XXII A.
Can a PIO Cardholder apply?Yes, provided he/she is otherwise eligible for grantof OCI like any other applicant.
Can application form be filled and submit-ted online?Yes. Part A of the application form can be filedonline. Part B can be downloaded and printed oncomputer or by hand in Block letters. Printed PartA and Part B of the application form have to besubmitted to the Indian Mission/Post/Office.
Can children of parents, wherein one of theparents is eligible for OCI, apply for OCI?Yes.
Can OCI be granted to foreign nationalswho are not eligible for OCI, but married topersons who are eligible for OCI?No.
Does India recognize dual citizenship? If so,how can one get an Indian passport?There has been a long-standing demand to givedual citizenship to People of Indian Origin (PIO)in certain countries. As of now, the Governmentof India does not provide dual citizenship. TheCitizenship Act, 1955 was among 109 Central Actsthat had been identified for a review by theCommission on Review of Administrative Lawsconstituted by the Central government under thechairmanship of P C Jain in 1988. The Ministry ofHome Affairs (MHA) site (http://www.mha.nic.in/) can be accessed for moredetails.
If a person is already holding more thanone nationality, can he/she apply for OCI?Yes, as long as the local laws of at least one of thecountries allow dual citizenship in some form orthe other.
Is the OCI entitled to voting rights?No.
What are the advantages of the OCI whencompared to PIO cardholders?• An OCI is entitled to lifelong visa with free travel
to India whereas for a PIO card holder, it is onlyvalid for 15 years.
• A PIO cardholder is required to register with localpolice authority for any stay exceeding 180 days inIndia on any single visit whereas an OCI isexempted from registration with police authorityfor any length of stay in India.
• An OCI gets a specific right to become an IndianCitizen whereas the PIO cardholder does not havethis.
Which country citizens can apply for OCI?A foreign national, who was eligible to become acitizen of India on 26.01.1950 or was a citizen ofIndia on or at any time after 26.01.1950 or belongedto a territory that became part of India after15.08.1947 and his/her children and grandchildren,provided his/her country of citizenship allows dualcitizenship in some form or other under the locallaws, is eligible for registration as an OverseasCitizen of India (OCI). Minor children of suchperson are also eligible for OCI. However, if theapplicant had ever been a citizen of Pakistan orBangladesh, he/she will not beeligible for OCI.
Would the Indian civil/criminal laws be applicableto persons registered asOCI?Yes, for the period OCI is livingin India.
Only citizens of the countrywhich allows dual citizenshipunder the local laws in someform or the other are eligible
for applying for registration asan OCI. Losing one's foreigncitizenship does not arise.
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| C U L T U R E W A T C H |
Indian Diasporaand CinemaCinema, with its glorious as well as chequered history, has been the unri-valled template for artistic expression, and Indian cinema has been noexception. Is the cinema of the Indian Diaspora alive to the changingworld? Pravasi Today seeks a few answers...
The Indian Diaspora is a large, varied and verysignificant section of population in today's world ofglobalisation, where the physical boundaries ofnations are being obliterated by the coming togetherof markets. These are not only the markets forcommodities, but markets of ideas as well!
What is the "Indian Diaspora"? Historicallyspeaking, since the last few centuries, the people ofthe Indian subcontinent have been migrating todifferent countries. According to the Government of
India's figures in 2001, there are around 26 millionpeople of Indian origin all over the world. Theyform the single largest ethnic community inMauritius (74%), Guyana (53%), Fiji (49%), Tobago(40%) and Surinam (37%). Moreover, in countrieslike Hong Kong, Singapore, Sri Lanka, South Africa,eastern Africa and Malaysia, they form substantialminority communities. Apart from this, they have asignificant presence in the First World countries ofUS, Australia, United Kingdom and Canada as well.
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These emigrants have largely been recognised for theremittances that they sent for their families in India.Popularly known as Overseas Indians, they were atbest, the subject of scholarly interest for subjects likesociology and geography.
It was however, during the 1990s, only after theopening up of the Indian economy, that the phrase"Indian Diaspora" was coined to understand issuessuch as the anxieties of the overseas Indians, theirproblems and prospects, their interests and orienta-tions. It is noteworthy to point out that the creditfor making the term popular goes to the media,especially cinema.
Cinema is almost as old as thephenomena of Indian Diaspora,dating back to 1889, when the firstmotion film was made by theLumeire brothers of France. Cinema,the interplay of technology andstorytelling, has since then emergedas a powerful vehicle of communica-tion within societies, which touchesthe hearts of most people who watchit. Indian cinema is one of the oldestin the world and in recent times, hasgrown to become the largest as well.It is important to understand that theIndian cinema has emerged as one ofthe most powerful cultural toolsthrough which Indian Diaspora hasbeen reached out to, understood andrecognised by the general, non-academiccategories of Indian society.
Indian cinema, especially Hindi films,(popularly called Bollywood), as well asthe regional films (like the Tamil, Telugu,Bengali etc.) have been in great demandamong the overseas Indians (as well asothers from the subcontinent). Mostlysatiating the nostalgia for home, whileliving in the foreign nation, Indiancinema found its way into all the countries where theDiaspora was present. Over the years, the initialmarket of overseas Indians got expanded to includeother ethnicities of these countries, who foundinterest in these films. It is worth mentioning that alot of credit goes to the universities where cinema is
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an academic subject, (especially in the First World,white nations) and films from India offered aninteresting subject of analysis.
From the past couple of decades, an interestingtrend in cinema emerged, especially as some of thesecond generation among the overseas Indians grewup to become filmmakers themselves and chose tomake films on India, either in terms of content or inspirit. This trend initiated from United Kingdom andAmerica, but now filmmakers from other nationshave also joined in. These films come in variousgenres, including the documentary films as well asfiction. Through these films, the understanding of
overseas Indians has enteredaverage Indian households as well.Despite the difference in theformat of these films, there is anunderlying subject for storytelling- themes about identity, living intwo cultures, dealing with thenotion of 'otherness' etc.; inshort, dealing with nostalgia andremembrance. Films by theseoverseas Indians have truly
contributed to the growing popularity of the phrase"Indian Diaspora "in the average Indian's vocabulary.
| S P O R T S |
Are Today's CricketersBigger than the Game?
In the lure for corporate big bucks and media glitz, the very institution ofcricket seems to be in peril
The game of cricket has, in the last decade, seenmore change than the British weather and has beenrevolutionized to keep it up to date in an attempt tosurvive. However, it appears that in doing so, itstands to lose its traditional image. All the values andvirtues and the niceties that the game representedseem to be disappearing rapidly and are being very
quickly and thoughtlessly replaced by monetaryconsiderations. The advent of the one-day game inthe late sixties seemed to prove a tonic for cricketand both the Test Matches and limited over matchescontinued to maintain a healthy co-existence untilthe emergence of Twenty-20 cricket recently whichseems to have put both under a great deal of threat.
The IPL blitz has endan-gered the very survival
of Test Cricket, whichcannot and must not beallowed to happen. Theother major worry for
the players is that play-ing so much cricket all
the year round is boundto take its toll on their
physical fitness.
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K. K. SRIVASTAVA
Chris Gayle, the West Indian Captain went as far assaying that he would not miss Test cricket if it died,which is extremely worrying, particularly keeping inmind the popularity of the recent Ashes series andthe series between India and Australia, Pakistan andSri Lanka. There is nothing wrong in having somuch money in the game. The problem is in copingwith the change in attitudes that essentially follow.In older times, no player would have dreamt ofrefusing to play for his countryin preference to playing inforeign cricket leagues purely formonetary gain as AndrewFlintoff has done.
No Indian player in the pastwould have been so busy as notto find time to receive thehonour of being awarded thePadma Shri by the President ofIndia as Mahendra Singh Dhoniand Harbhajan Singh have done.Cricket is today drawing almost asimilar amount of money asfootball and tennis, but players ofthese games still take pride inplaying for their countries ratherthan staying with their clubs orplay Grand Slam tournaments. I am afraid thatIndian Premier League (IPL) from this point of viewis to be held responsible for most of the damage. Tocounter Kapil Dev's Indian Cricket League (ICL), itwent overboard in employing the best cricketers inthe world offering them ridiculous amounts ofmoney which would have been impossible to resistexcept for some players like Michael Clarke, RickyPonting and Stuart Broad, for whom the perfor-mance of their national team was more importantand they deserve to be applauded for that. In theprocess, it has endangered the very survival of TestCricket, which cannot and must not be allowed tohappen. It just cannot be cricket. The other majorworry for the players is that playing so much cricketall the year round is bound to take its toll on theirphysical fitness. I don't remember Vijay Hazare,Vinoo Mankad, Subhash Gupte and Sunil Gavaskarever getting injured.
The ICC has some problems of great urgency to
address and has to come up with solutions veryquickly and effectively to ensure that the game isenjoyed by a vast spectrum of followers and lovers ofthe game and not just by those who expect a cheapthrill of big hits and quick wickets. Even in apulsating game like football, some of the mostexciting games are goalless draws.
I'd like to add just a quick comment about India'svictory in the triangular series in Sri Lanka. It washeartening to note that some of the best perfor-mances of the tournament were provided by thesenior members of the team likeSanath Jayasuriya, Rahul Dravidand Sachin Tendulkar, therebydisproving the myth believed sostrongly by our captain MSDhoni that there is no place forthe older players in the shorterform of the game.
All the values and virtues andthe niceties that the game
represented seem to be disap-pearing rapidly and are being
very quickly and thoughtlesslyreplaced by monetary consid-
erations.
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| S P O R T S |
tion and profiled in detail. The range of the Indian examples of break-through innovation in the book is extensive, including Titan, whichcame out with the slimmest water resistant watch in the world; Su-Kam, a power backup company that did not fill into an existing indus-try but ended up creating a new one; Shantha Biotech, which developeda low cost hepatitis-B vaccine and ushered in the biotechnology age inIndia; Trichi Police, which rewrote policing paradigms to nip extrem-ism and crime in the bud, thus transforming the city. Other examplesare Dainik Bhaskar, Arvind Eye Hospitals, Cavin Kare, ITC- IBD,Bosch India, Chola Vehicle Finance and Surat administration.
Through the breakthrough achieved by these eleven organizations,Porus Munshi, an innovation consultant, shows that to do what isconsidered 'impossible' in a particular industry, one has to be subversiveand think differently.
One can have the greatest ideas in the world, but that only would notmake him innovative. Innovation is not an idea but an orbit shiftingchallenge. An orbit sifting innovation is more like an expedition to scalean extreme peak that has never been climbed before. It involves gettinga team together, enrolling team members, getting stakeholders who putup the money, putting a strategy in place, and creating routes that donot exist. Innovation involves finding ideas at every step of the way intruly hazardous terrain- when it comes to doing something orbitshifting, an organization's terrain is no less hazardous than that of anextreme mountain. It is about batting hundreds of storms and challengesthat invariably strike every extreme expedition. Finally, it is not aboutreaching the summit; it is about developing the capability to reach othersummits.
Each of the orbit shifters studied in the book had to follow similarstages. Having identified an orbit shifting challenge, they need to findthe strategy to reach there. Impossible challenges need out-of-the-boxstrategies. Next comes the far more challenging part, when the orbitshifters have to enroll the stakeholders. The biographies of the missionare complete in themselves, containing within them all the orbit shiftingchallenges. But despite this, the book has been prioratised into differentsections with the intent to highlight those initiative which have comeout with bright colours facing bitter storms.
On the cover of the book is a view on the book by Ratan N. Tata,who says that "this book…. distinguishes itself by its detailed focus onthe thought processes which inspired the breakthrough. This innovativeapproach in story telling enhances the book's inspiration quotient forthe reader and challenges her or him to set out on a similar journey."
RAKESH SRIVASTAVA
India no more acountry of Jugaad
| B O O K R E V I E W |
Through the break-through achieved bythese eleven organiza-tions, Porus Munshishows that to do whatis considered 'impossi-ble' in a particularindustry, one has to besubversive and thinkdifferently...
Name of the Book: MakingBreakthrough Innovation Happen: How11 Indians Pulled Off The ImpossiblePublisher: Harper CollinsAuthor: Porus Munshi
Making Breakthrough InnovationHappen is a compilation ofinnovation stories - 11 examplesextracted after extensive researchby Marico Innovation Founda-
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Rajasekhara Reddy's hometown bid the man whohad touched them in one way or the other farewell.A sea of humanity surrounding the burial siteprevented several ministers and other leaders frommaking it to the event. The minister died in ahelicopter crash on 2nd September 2009 with specialsecretary P Subramanyam, chief security officer A SC Wesley, pilot Group Captain S K Bhatia and co-pilot M S Reddy .The burial was both emotional andchaotic.
Earlier in Hyderabad, Prime Minister ManmohanSingh, UPA chairperson & AICC president SoniaGandhi, Union home minister P Chidambaram andCongress MP Rahul Gandhi placed wreaths on thebody. The PM in his condolence message entered inthe visitor's book wrote, "Our country has lost anoutstanding leader and the people of Andhra Pradeshhave lost an ideal chief minister who was passion-ately committed to the welfare of the poor.''
To the chanting of prayers, YSR was finally laidto rest at a specially marked site in the family estate.
Yeduguri Sandinti Rajasekhara Reddy was bornon July 8, 1949 in Pulivendula, Rayalaseema, to Y SRaja Reddy and Jayamma Reddy. He completed hiscourse in medical science from M R Medical Collegein Gulbarga. He was also elected president ofstudents union during his college days. After his
| O B I T U A R Y |
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MBBS he took up his first job as medical officer atJammalamadugu Mission Hospital .
In 1971, he got married to Vijayalakshmi andentered politics in 1978, contested for an assemblyseat from Pulivendula at the age of 28. He trounced DNarayana Reddy of Janata Party by 20,000 votes. Hecontested election four times to enter the assemblyfrom Pulivendula and four times from Kadapa toenter Lok Sabha and won all elections. From 1983-1985 and 1998 to 2000 he served as the president ofAndhra Pradesh Congress Committee. During 1983-1985, he held key ministerial portfolios like ruraldevelopment, medical, health and education .
From 1999 to 2004, he was leader of opposition inthe 11th Andhra assembly. He was opposition leaderfive times. In 2000, he led a padyatra from Lepakshito Pothireddipadu in Kurnool district protesting thehike in power tariff. In the summer of 2003, he wenton 1,400-km-long padyatra covering all backwardareas of the state. He was sworn in as Andhra CM onMay 14, 2004. He again swept 2009 polls, retainingCM's post, won 36 LS seats and 157 assembly seats.
The minister was known for his loyalty andpassion to bring change into the life of rural classes.Now, everyone is expecting his son, Y. S. JaganMohan Reddy to lead his father's legacy.
SHAILY LAMBA
A Salute toYSR...Thousands of people – some were hysterical,some teary-eyed and some sombre – saidtheir final goodbye to the Andhra PradeshChief Minister Y S Rajasekhara Reddy.
| C O O K E R Y |
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REF SEX AGE HEIGHT EDUCATION JOB CASTE218 F 36 5/1 O.Lev Admin Brahmin219 M 23 5/7 B.Sc. Marketing Gujarati221 M 27 5/9 BSc Pharmacy Sikh222 F 30 5/4 LLB Solicitor Gujarati223 M 24 5/10 O.LevBusi Brahmin224 F 28 5/3 LL.B Barrister Brahmin225 M 23 5/11 B.Com Busi (India) Brahmin226 M 24 5/10 GCSE Busi Brahmin227 F 24 5/5 LL.B Solicitor Brahmin228 M 25 5/9 M.Sc. I.T. Brahmin229 F 31 5/2 MBBS Doctor Brahmin230 F 23 5/2 PH.D Student Brahmin231 F 38 5/3 MBBS Doctor Khatri232 F 40 5/4 ALev. Nursing Hindu233 M 28 5/6 O Lev. Civ.Ser Khatri234 F 29 5/5 LL.B Solicitor Gujarati236 M 28 6/1 Grad Finance Khatri237 F 29 5/5 B.Ed Teacher Brahmin238 F 37 5/4 LL.B. Solicitor Brahmin240 F 40 4/11 MBA I.T. Brahmin241 M 36 5/11 M.A Busi Brahmin242 F 35 5/5 LL.B Solicitor Brahmin243 F 32 5/2 HND Service Brahmin244 M 29 6/2 B.A Media Brahmin245 M 28 6/2 BSc Marketing Brahmin246 M 26 5/7 Engineer Service Brahmin247 F 26 5/5 ACCA Accountant Hindu248 F 27 5/5 LL.B Banking Hindu249 M 25 5/7 MBBS Doctor Hindu250 M 25 5/7 MBBS Doctor Hindu251 F 31 5/5 MA.B.Ed Service Hindu252 M 29 5/9 Grad Banking Hindu253 F 34 — MBBS MRCP Kayasth254 F 29 — Journalism Journalist Brahmin255 F 44 5/1 A-Lev. Finance Brahmin
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| N R I A C H I E V E R S |
NRI ENTREPRENEURS HONOUREDThe Indian Overseas Congress, the overseas wing of the Indian NationalCongress has honoured leading NRI entrepreneurs in a function organised inLondon to commemorate the 63rd anniversary of Indian independence.
Chief Guest Asoke Mukerji, Acting High Commissioner of India to the UKpresented the medal and 'tricolour stoles' to leading entrepreneurs,philanthropists, community and social workers at a function at the IndianGymkhana in London. The Acting High Commissioner referred to thesubstantial contribution made by NRIs towards the growth of UK's economy.
Among the persons who were honoured for their outstanding contribution tothe society was famous hotelier and philanthropist Joginder Sanger. JoginderSanger's entrepreneurial story began with a travel agency in East London, andan exclusive Air India contract as GSA (General Sales Agency) for UK andIndia. Since then, he never looked back. He is the CEO of an exclusive and up-market hotel chain in central London, including The Washington, Courthouseand Bentley hotels which have become a home- away- from- home for filmstars, leading luminaries including the Prime Minister of India.
The group continues its expansionary plans with zeal and is setting up fivemore quality hotels. As Vice chairman of the Bharatiya Vidya Bhavan, JoginderSanger has also played a leading role in seeing the successful modernisation ofthe Bhavan's complex.
Another NRI entrepreneur Sunil Chopra, former President of NSUI, DelhiUniversity and former Vice President of Youth Congress Delhi who is nowsettled in the UK, was presented with a medal for his community work.
Another recipient of the honour is Dr Cyriac Maprayil, a London-basedcommunity worker hailing from Kerala. He is also the founder Chairman ofLondon-based V K Krishna Menon Institute.
Others honoured on the occasion were: Mohinder S Mandhair, Chairman ofthe Indian Overseas Congress, Birmingham; Dr. Gulbash Singh Chandhok,Founder Patron of Conservative Parliamentary Friends of India and prominentdoctor in Southall; Shamsi, a 95- year old writer, poet and broadcaster fromVoice of Kenya.
In addition, Pramod Kad, former Councillor of Hounslow; U Murali Nair,Director Sangham Ltd (Hinduja Group); Sarvesh Mathur, NRI businessman;Rajinder Singh Mokha, Harnam Singh Hans and Ajmeet Singh also receivedthe medals.
The function was attended by Virender Sharma, MP, Labour Party; AsifIbrahim, Minister (Co-ordination) and Mrs M Subashini, Minister (Press andInformation) in the Indian High Commission; Hari Singh, leading Solicitor;Ashish Ray, President of the Indian Journalists' Association and a large numberof NRI councillors.
FARAH PANDITHSWORN IN: OBAMAADMIN TO REACH OUTTO ISLAMICCOMMUNITY
In order to build a strong and healthyrelationship with the Islamic communityat large, Barack Obama administrationhas formally sworn in Farah AnwarPandith, an Indian-American as the firstUS Special Representative to Muslimcommunities.
Unveiling her plans on building upan amicable relationship with theIslamic world, Pandith said: "Under theleadership of Secretary Hillary Clinton,the Department of Sate is recalibratingthe way in which we work with theMuslim communities around the world.Through this office, we will engageMuslim communities to solvecollaboratively the most pressingproblems facing these communitiesaround the world." She swore to theKoran that she would deftly carry outthe work for which she has beenappointed.
With the ties between the US andvarious Islamic nations worsening dayby day, it became indispensable on partof the Obama Administration to takesuch a step. Wishing Pandith successin her new job, Clinton said she wasbest suitable for this position. "It isapparent now more than ever that wehave to do more to promote dialogueand diplomacy, and Farah will play akey role in that process for us," shesaid.
The 41 year old migrated to US as achild from Jammu and Kashmir'ssummer capital, Srinagar. Earlier, shehas worked in the European Bureau asa special adviser to work for the Muslimcommunities in Europe.
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| T O U R I S M |
Back to theBoondocks
Far away from the cacophony of the urban cities, Jharkhand hastightened its belts to promote rural tourism in the state
mind of the former, setting the tone for an amelioratedexperience in whole. Some of the major features thatkeep it outside the crowd of various other forms oftourism are the fact that it is essentially hinged to thenatural environment with the locations sparselypopulated. Adding more lustre is the fact that it ishighly dependent on the preservation of culture,heritage and traditions of a particular village.
Jharkhand and Rural TourismRealizing the importance of promoting rural tourismto showcase the state in the tourism map of the world,the Jharkhand state government has taken a number ofinitiatives in the past. Earlier, the Tourism Depart-ment of the state had planned to adopt two hamlets inevery district of the state and conceived of developingthem as model villages to boost rural tourism. In thisway, the villages would bring out the rich tribal andcultural heritage twinned with scenic beauty to lurenational and international tourists. This was givenconsideration after due deliberation over the fact thatevery district has its own untapped specialty andbeauty, which could be developed and used to its ownadvantage.
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Far away from the razzmatazz, sparkling and jazzyworld of metropolitans is a serene abode on whose lapone can always seek moksha. This niche, in the wordsof Mahatma Gandhi, is where the soul of India lives.The rural part of India is where the one can look outfor tranquility and calmness far away from the hustleand bustle of the cacophonic environment of the city.
Rural India is a bouquet of surprises for the urban-ites. It has been rightly observed that globalization andthe trend of urbanization is taking a heavy toll on thelives of the people residing in the urban areas. Being'urban-o-phobic' is paving the way for the explorationof the life outside cities. Besides this, a fact whichfurther approves that rural tourism should be paidattention is that, in India almost eighty per cent of thepopulation resides in its seven million villages.
Rural TourismExhibiting the hidden features of the village along withits lifestyle, art, culture and heritage before the touristsis what embodies the concept of rural tourism. Animportant facet of rural tourism is the fact that it leadsto an active interaction between the tourists and theresidents of the village, which further opens up the
| T O U R I S M |
A model village is one where there is ample scopeof better communication (between the inhabitantsand the visitors). It shall also encompass within itselfbetter infrastructure for the tourists. In this way, atourist would have hands-on experience of the life ina village and its various hues. According to the plansof the state government, the entire experience of thetourists would be modelled in such a way that theyhave a holistic feel of the various aspects of thevillage, which in turn would let them explore theplace o their own with the help of the villagers.
On the other hand, the state government has tiedup with the National Bank for Agricultural and RuralDevelopment (NABARD), which will create indis-pensable infrastructural amenities like roads, tele-phone connectivity, electricity, solar lights andenvironment-friendly huts.
SOME IMPORTANT SPOTS FOR RURALTOURISMAmadubi Village, East Singhbhum: The StateTourism Department has selected Amadubi village inEast Singhbhum district as a site for rural tourism.The village is known for the traditional Paitkarpaintings. It is named as such because of the colourused in this painting is made by the villagers by usingnatural things, like leaves, bark of trees et al. Thesepaintings are one of the oldest tribal paintings inIndia. The paintings, which are made on small piecesof marbles, mostly portray various themes of life afterdeath. Because of their appearance, they are alsoknown as scroll paintings.
In any case, the village showcases an assortment ofart and traditional dances. The village has 45 tribalfamilies that practice traditional dances like Bihu,Sarhul and Dasai, and 47 families that are involved inmaking Paitkar paintings.
The state has also initiated steps to refurbish the
near-extinct Firkaal dance of Bhumji tribe. The danceform is practiced in Janumdih village in Potka blockin East Singhbhum district. Firkaal dance is a versionof Kirpan Sasun (sword dance), which portraysenactments of hunting scenes and self-defence.
Ranchi: The state government has also promoted thestate capital as a destination for rural tourism.Bejewelled with a number of scenic spots, arts andcrafts made in the rural areas of Ranchi, a largenumber of tourists throng to the capital every year.
In the pipeline: The state government, in order toattract a large number of tourists to the hinterlands ofJharkhand, has envisaged improving the surroundingsof the village; a work which is done on a regular basis.Under this, the state government is involving itself inlandscaping, development of parks, fencing anddevelopment of compound walls. It has also engageditself in the construction of wayside amenities,refurbishment of monument and addition of signage.On the other hand, the concerned authorities havealso procured equipments which are directly relatedto tourism, like water sports and adventure sports.
To feel a pulse of how the state has improved inthe orbit of rural tourism, these are the words of theNABARD chief of Jharkhand circle, K C Shashidhar:"If a tourist, who has visited the beautiful landscapesof Scotland, happens to visit Tonto village of WestSingbhum district, he would find a similarity betweenthe two."
AMIT GUIN
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DEPARTMENT OF TOURISMGovernment of Jharkhand, FFP Bhawan, 2nd Floor,
Dhurwa, Ranchi-1, Jharkhand.Ph: +91-651-2400981, Tel Fax: +91-651-2400982
Rishi Kapoor, known as the 'eternal lover boy' ofBollywood, throughout his career span captivatedaudiences with his lovey-dovey, romantic, sentimentalantics. Now his proud son Ranbir Kapoor carries thelegacy of playing the lover boy onscreen. But unlikethe soft characters which his father portrayed over theyears, newbie Ranbir's love has various shades whichcan be seen in many of his performances like inSAAWARIYA - where he has to play a loser in love.Despite this, this handsomesaawariya, with- out getting picky,
went ahead and played the role with utter sincerityand was accepted open-heartedly.
BACHNA AE HASEENO - It takes sheer courage toplay a completely contrasting character in the verysecond film. But Ranbir proved it with flamboyancethat if he can be a loser in love, he can be the new age(Casanova) dishonest lover too wooing haseenas.
WAKE UP S!D - In his upcoming movie, Ranbir is allset to showcase an absolutely unique, a never-seenbefore kind of a character, laziest, irresponsible lover.
AJAB PREM KI GHAZAB KAHANI - Ranbir plays adepressed lover boy who is madly in love with thebeautiful Katrina Kaif. And will cross all limits tomake her fall in love. The film is tagged as thecraziest, wackiest love story.
ROCKET SINGH: SALESMAN OF THE YEAR -This upcoming young romance from YRF starringRanbir Kapoor will see him in an altogether differentavatar. Donning the get-up of a Sikh, Ranbir plays abright, intelligent and mature salesman in the film,who falls in love with young and juvenile ShazahnPadamsee.
RAJNEETI - It's being said that Ranbir plays an NRIin the film. And he will portray the character ofnotable political figure, Rajiv Gandhi, who falls inlove with Katrina Kaif. Katrina's character in the filmis said to be inspired by Sonia Gandhi. The love storyis set against the backdrop of politics.
Phew! So many characters in just a short span inthe hindi film industry, hats off to the man and allthe best to the new lover boy!
SHAILY LAMBA
The newLover Boy inB-town...
| B O L L Y W O O D |
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The movie starts and you simply know it is a YashRaj banner film representing the stereotypicalculture of Punjab with swaying yellow fields, flashycelebrations, desi lassi and chomping sugarcane.
The film is the story of a village of Punjab locatedat the Wagah border that has its own cricket teamand plays match with the local Pakistani team for theAman Cup and have been losing in a row for thepast nine years. The team's owner (Anupam Kher)turns to his son Rohan (Shahid Kapur) who playscounty cricket in England to take over as coach andthe captain to strengthen the team. A village girlVeera (Rani Mukherjee) though working with a localtheatre group in the village, treasures an unusualdream of playing cricket and winning for her 'pind'.She gets an entry into the men's cricket team bydisguising herself as a man. Wait a minute, it soundslike the 2006 'She's the Man', and yes you are right.Here comes the twist in the story: Veera Kaurbecomes Veer Pratap Singh sporting a turban and abeard.
Her journey in the cricket arena leads to a lot ofhumor and romance which manifests the spirit of
India for the sport. It assembles all the super hitingredients of the Yash Raj films like situationsevoking patriotism, feel of DDLJ and loud Punjabidialogues like 'main ek Punjabi baap ka Punjabi betahoon'. In the climax, Veera's speech about allowinggirls to dream freely standing ovation in the movie,but not from the theatre audience.
Debutant director Anurag Singh has tried to playsafe and crammed in every ingredient he could;whether it is a love story, India and Pakistan dosti orwomen empowerment. If not that too, then perhapsthe curves of silicone sirens like Sherlyn Chopra andRakhi Sawant would stir a few hormones inside thecinema halls, with the last half hour of the moviebowling you over. Unarguably, Rani is lookingbetter than what she has in years and as for Shahid,he does it again after Kaminey. One more hit for theman who too looked dashing in the movie. Catch upDBH to see the chemistry between first-time pairedBollywood ki rani Rani Mukherjee and ShahidKapoor.
The movie has nothing new to show but stillcatch it for the giggles and Shahid's hot body andawesome dance steps.
P T BUREAU
Hadippa!DIL BOLEHADIPPA!Debutant director Anurag Singh has tried toplay it safe and crammed in every ingredienthe could; whether it is a love story, India andPakistan dosti or women empowerment?
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PravasiFilm Festival 2010
| P R A V A S I F I L M F E S T I V A L |
PANKAJ DUBEY
Pravasi Today, an international bi-lingual monthly forthe NRIs and Person of Indian Origin is going toorganise first ever Pravasi Film Festival in associationwith India Habitat Centre, in New Delhi in January2010. The magazine with its presence in around 125countries around the world has formally launchedthe website dedicated for Pravasi Film Festival. Anindigenous initiative by Pravasi Today,www.pravasifilmfestival.in was set in motion byHigh Commissioner of Mauritius in India, HisExcellency Mookhesswur Choonee, who is also the'Patron' of the 'Pravasi Film Festival OrganisingCommittee'.
Speaking on the occasion, His ExcellencyChoonee said that the film festival is an effort tobridge the gap between the NRIs and their mother-land. He also stressed on the fact that this is a perfectplatform for them to express their issues, problems,
emotions and nostalgic feelings towards their homecountry. His Excellency also made the announce-ment of his acceptance for 'Mauritius being thepartner Country of Pravasi Film Festival'2010'.
The website launch was followed by a paneldiscussion on "Indian Diaspora and Cinema". It wasmoderated by Delhi-based communication specialistDr. Maithili Ganjoo Choudhary. A group ofdistinguished panelists were present to discuss thevarious hues of the reflections of the IndianDiaspora in the world of cinema. Mr. K BikramSingh, writer and thinker, film critic Mr. VinodBhardwaj and Dr.(Prof.) Ajay Dubey, a Diasporicacademician from the School of InternationalStudies, Jawaharlal Nehru University (JNU), NewDelhi formed the group.
An introduction on the importance of such filmfestivals keeping the Indians leaving abroad in mind
www.pravasifilmfestival.in is in public domain now... Mauritius to be thepartner country of Pravasi Film Festival
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| P R A V A S I F I L M F E S T I V A L |
was given by Anuranjan Jha,journalist and film maker. He saidthat the in the recent past, aplethora of NRI filmmakers haveshifted from the periphery. Withthe success of Bend it like Beckham,Bride and Prejudice, and more recentlyThe Namesake, NRI film makers are paving theirsuccess path towards the mainstream.
Mr. Singh said that it was a unique and importantinitiative taken by Pravasi Today Group. He saidthat Pravasi Film Festival will give a platform toNRI film makers to interact with the Indian filmmakers as well as with the media and public at large.
Film critic Vinod Bhardwaj said that the heart of afilm festival like this lies in the fact that it turns outwell for Indians settled elsewhere. This in turn bringsout their cherished ideas, sorrows, highs and lows inthe form of a medium as powerful as cinema. He alsosaid that through this platform, the Indian citizenswill also get to know the conditions and phases theNRIs have to cross while envisaging to live a peace-ful, accommodative and normal life with the resi-dents of a particular alien country.
Dr. Ajay Dubey said that such an initiative willcertainly cater to a wide range of audience. Beingfirst of its kind and out-of-the-box go-ahead, PravasiFilm Festival will also give publicity to the filmmakers of Indian origin.
Seconding the thoughts of Mr. Bhardwaj and Dr.Dubey was the director the Film Festival Anil Joshi.
Mr. Joshi said that on a biggercanvas, the Pravasi Film Festivalwill eventually conceive ofthriving into a forum for NRIissues, and would strive to act as aone-stop assembly to express theircreativity.
Also displayed was a power point presentation toput light on the virtues of film festivals like thesethrough a power point presentation. It wasemphasised that it is high time that one should shrugoff the misconception that the films highlighting theIndian Diaspora are monotonous in nature. Citingthe example of Bend it like Beckham and The Namesake,the organisers said that these films are the bestmedium which portrays cross-cultural merits anddemerits.
The vote of thanks was given by Mr. Rajesh Jain,another co-director of PFF 2010. Mr. Jain said thatthe film festival is an idea to create an atmosphereconducive to valuing culture as a statement, to seeingart works as interventions in current discourses andin recognizing woes and aspirations of a community,which is very much ours, through their art. He alsosaid that highlighting issues related to the Indiansstaying abroad is a positive step in disguise, as this isthe only way through which normal audience couldgrasp their lives.
The event has been able to generate a very warmresponse from the media fraternity across the globe.
Long live pravasi films and filmmakers!
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DR. RAMESH GUPTA
| V A L U E S |
chief reason why generallypeople chose to follow theprofessions of their parents,engendering balance andharmony in society. Despitemodern amenities andcomforts, social and familybonding in America andEurope is absent and peopleare rushing to India in searchof peace and happiness. TheWest is now coming aroundto accept Indian lifestyle to bescientific and is trying toadopt the same. Regretfully,on the other hand, Indianshave begun to believe thatfamily and social ties are an'obstacle' to the path todevelopment of one's inter-ests, inviting the socialproblems of the West.
Psychologists also acceptthat true joy is in givingrather than in receiving. Forthis, it is necessary that wehave a big family that couldshare our joys and sorrows.This is possible when the sonchooses a profession thatenables him to live and workwith his family, whereinone's career can be establishedwithout much effort ortrauma, offering professionalattainment, material progressand also familial togethernessforgenera-tions.
A child is the product offamily and the institutionof marriage. When thequestion of choosing acareer arises, parents face adifficult decision - whetherthe further course ofeducation should bedecided depending on thechild's interest andaptitude, or on the criteriaas to which stream ofeducation would bring themost happiness in his life.
Some importantquestions do arise here:What is the purpose ofhuman life? Should a childwork according to hisinterest and aptitude only,far away from home andfamily? Or should hemake a few compromisesand choose a career thatenables him to live withhis family? Does one's joyand happiness lie instanding alone at thepinnacle of success or inleading a life together withone's family, relatives andfriends? This is dilemmathat today's psychologistsand professional expertscannot answer.
If youngsters andparents first try to findanswers to these questions,it would be then be easyfor them to decide upon acareer. It is because wegave so much importanceto the joint family thatemergence of festivals andoccasions required theinvolvement of the familyand the society. This is the
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Whoshouldchooseone's
profession- parents
or oneself?Psychologists and counsellorstoday have laid down a norm -
almost a rule - that parentsshould not force their aspira-
tions on their children, as thismight adversely affect thedevelopment of their basic
capabilities. Dr Ramesh Guptabelieves that but for a few
exceptions, for the good of theindividual, family and societythe parents should make use
of their own experience inhelping the children determine
The famous trial of an Indian-born fashion designer convicted ofsexually abusing a string of teenage girls and girls he enticed withthe promise of modelling jobs, came to a close was sentenced to aminimum of 59 years in jail by a Los Angeles judge.
Anand Jon Alexander, 35, whose clothes had reportedly beenworn by celebrities including Paris Hilton and Mary J. Blige, wasnamed as a "person to watch" by Newsweek magazine just twomonths before his arrest when he was found guilty of 16 sexcrimes, including forcible rape and sexual battery.
Alexander represented himself during the sentence hearing,where he broke down in tears as he requested a new trial. Thejudge rejected his request.
Prosecutors at Los Angeles Superior Court had accused him ofpreying on a string of girls and women aged between 14 and 21over a six-year period from 2002 to 2007.
Nine women testified against Alexander during his trial. Mostof the designer's victims were aspiring models lured into meetingswith Alexander and forced into sex, prosecutors said. Alexanderis also the subject of an indictment made up of similar allegationsin New York, as well as an ongoing probe in Dallas.
In July, Los Angeles Superior Court Judge David Wesley ruledthat a juror committed misconduct by contacting the defendant'ssister before the verdict, but he determined that the misconducthad not affected the jury's verdict. Both the juror andAlexander's sister, Sanjana, were cited for contempt of court bythe judge, who said they violated a court order by speaking toeach other for which they were fined.
Anand Jon's sister Sanjana Jon broke into tears while address-ing a press conference with her mother Shashi Abraham in NewDelhi. Sanjana requested the Indian government to intervene inhis brother's case. She also requested President Obama to lookinto the case saying that he knows about racial prejudice, being aperson of colour. Adding that if he does not pay heed towardsthe case, she will go for a fast-unto-death.
P T BUREAU
ANAND JONgets 59 yrsimprisonment
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Far away from the cacophony of the urban cities,Jharkhand has tightened its belts to promote rural tourismin the state
DEPARTMENT OF TOURISMGovernment of Jharkhand, FFP Bhawan,2nd Floor, Dhurwa, Ranchi-1, Jharkhand.Ph: +91-651-2400981, Tel Fax: +91-651-2400982
AAAAA new e new e new e new e new experiencexperiencexperiencexperiencexperience
Back to the Boondocks
For more information, please log on to:www.jharkhandtourism.in,Seek tourism info. SMS JT to 56006,For Tourism related assistance dial + 91-651-2400501/502.
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If undelivered please return to: Pravasi Today: 51, 2nd Floor, Rani Jhansi Road, Jhandewalan, New Delhi-55.