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India, UAE to hold high-level talks on workers’ issues

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Newsgram Staff Writer

New Delhi: Officials of India and the United Arab Emirates (UAE) are scheduled to hold a high-level dialogue on workers’ issues during Overseas Indian Affairs ministry secretary A K Agarwal’s visit to the Gulf nation beginning on Wednesday.

Agarwal, during his four-day visit, will meet senior officials of the UAE’s labor ministry and discuss various issues pertaining to recruitment and employment of Indian workers.

The visit is being coordinated by the Indian embassy in the UAE and the Consulate General of India in Dubai.

The entire Gulf region, where millions of Indians are working, particularly in the UAE and Saudi Arabia, is a major source of India’s foreign exchange earnings.

Agarwal will call on the UAE’s Culture, Youth and Community Development Minister Nahyan Bin Mubarak Al Nahyan. He will also visit the Indian Workers’ Resource Centre (IWRC) in Dubai.

The IWRC, run by the Indian embassy in the UAE, provides information, guidance and counseling to Indian citizens in distress through a 24×7 helpline and a walk-in counseling centre.

Agarwal will also visit the industrial city of Abu Dhabi and a labor camp in Sharjah to meet Indian workers, the Overseas Indian Affairs Ministry said in a statement on Tuesday.

The secretary will meet foreign employers and interact with representatives of registered Indian associations in the UAE to brief them about the ministry’s initiatives and schemes for engagement with the Indian diaspora.

(With inputs from IANS)

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A Chit Fund Scheme By KSFE Will Be Inaugurated By CM In UAE Next Month

Programme enables person who joins to complete every process online

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A Chit Fund Scheme By KSFE Will Be Inaugurated By CM In UAE Next Month
A Chit Fund Scheme By KSFE Will Be Inaugurated By CM In UAE Next Month, flickr

The Kerala government’s dream programme to raise money from its diaspora through “chitties”, or a chit fund scheme launched by state-run Kerala State Financial Enterprise (KSFE), will be inaugurated by Chief Minister Pinarayi Vijayan in UAE next month, Finance Minister Thomas Issac said on Monday.

In an interaction with editors of the Kerala media, he said all the requisite permissions have been obtained from all authorities.

“This programme was initiated by the previous UDF government and the permission to go ahead came at its fag end. After we came to power, we took this forward and all permissions and sanctions are ready and all those diaspora who wish to participate in it can join,” said Issac.

“On June 12, Vijayan will launch the registration process and all those who wish to enter the scheme can register in the KSFE site. Once Vijayan launches the programme in UAE, next month, the chitty scheme will be open,” he added.

Coins
Coins, Pixabay

KSFE Chairman Philipose Thomas said to start with, those who wish to participate can contribute monthly as low as Rs 3,000 to a high of Rs 25,000.

“The duration of the chitty given the nature of the job scenario in the Middle East is kept from a minimum of 30 months to a maximum of 60 months. Once a diaspora member joins he can pay the monthly contribution through his non-resident ordinary account and at the end of the chitty term, the payment will be made to his non-resident ordinary account,” he said.

“The programme enables each person who joins the chitty to complete every process online, which includes even bidding, and at the end of the period, the money will be credited into their bank account. Every aspect of the online process has been tested,” said Unni Krishnan who heads the technology division of the chitty scheme.

The entire programme is being handled by the Kerala Infrastructure Investment Fund Board, a government-owned financial institution meant to mobilize funds for infrastructure development outside state revenue.

Its Chief Executive K.M. Abraham, who is a former state Chief Secretary, said that no one needs to donate anything, but only to join a chitty where the money collected will be deposited in bonds and used for the state’s development needs.

“At the end of the chitty, it’s a win-win situation for both the person who joined the chitty and for the state government,” he added.

Kerala CM, Pinarayi Vijayan with PM Narendra Modi
Kerala CM, Pinarayi Vijayan with PM Narendra Modi, flickr

Also read: Reliance home finance celebrates 46 growth in income

According to the latest study report on the diaspora, 90 per cent of 23.63 lakh Keralites aboard are in the various Middle East countries, of which UAE accounts for 38.7 per cent, followed by Saudi Arabia with 25.2 per cent. (IANS)