The PIO card provided those foreign nationals who could establish at least a third generation tie to Indian origin with travel, work, and residential purposes in India for a 15 year period
Implemented in 2005, the OCI card carried more expansive benefits compared to the PIO card, and was valid for the lifetime of the holder
Prime Minister Narendra Modi had announced in 2014 that the PIO and OCI cards would be merged and the Indian diaspora would be given maximum possible benefits
New Delhi, June 28, 2017: The last date has been extended for six months to apply for the conversion of Person of Indian Origin (PIO) cards to Overseas Citizens of India (OCI) cards to December 31 this year. The facility was available till June 30, 2017 earlier.
According to an official, “The Home Ministry has decided to extend the date for submission of the application for registration as OCI card holder by the erstwhile PIO cardholders till December 31, 2017.”
It should be mentioned that this was for the fourth time the centre has extended the date for conversion of PIO cards to OCI cards since March 31, 2016.
In 2002, the PIO card was first implemented as a benefit to those foreign nationals who could establish at least a third generation tie to Indian origin and was valid for travel, work, and residential purposes in India for a 15 year period.
Implemented in 2005, the OCI card carried more expansive benefits compared to the PIO card, and was valid for the lifetime of the holder.
According to PTI reports, Prime Minister Narendra Modi had announced in 2014 that the PIO and OCI cards would be merged and the Indian diaspora would be provided with maximum possible benefits.
Official reports have shown that the simultaneous existence of PIO and OCI cards have led to confusion among People of Indian Origin residing abroad.
– prepared by Durba Mandal of NewsGram. Twitter: @dubumerang
Gujarat, October 22, 2017 : Prime Minister Narendra Modi inaugurated the first phase of the Ghogha-Dahej Ro-Ro ferry service, a first-of-its-kind project in India, calling it “a landmark occasion for entire South-East Asia”.
Describing it as his dream project, Modi said the ferry service was his “invaluable gift to India” and claimed that the even for South-East Asia, this was the first project of its size.
He said it were his efforts that gave birth to this ferry service which he had heard about only in his school days.
“It seems implementation of all good works are my luck,” Modi joked. “New changes don’t come from cliched attitude but new thinking. We changed the way of thinking,” he said.
He said the service would shorten a 360-km distance to 31 km or a journey of seven hours to one hour. (IANS)
Demonetisation is what Richard Thaler had long supported. However, he remarked "Really? Damn," when he was informed about the introduction of Rs. 2,000 notes in place of the discontinued Rs. 500 and 1,000 notes thereby highlighting how his joy of seeing a step towards a cashless economy and reduction of corruption was momentary.
When Prime Minister Narendra Modi decided to scrape Rs 500 and Rs 1,000 notes last November, Nobel Prize winner Richard Thaler supported demonetization describing it as a policy that he had long supported.
Dr. Richard Thaler, a Professor of Economics and Behavioural Science at the University of Chicago won the Nobel Prize in Economic Sciences on 9th October.
Did Richard Thaler really support demonetization in the way BJP took it? There is more to the story than what meets the eye.
As soon as Thaler was declared the Nobel Prize winner, members of the Bharatiya Janata Party (BJP) started sharing Thaler’s tweet regarding demonetization on social media affirming that the move which was severely criticised by the members of the opposition was actually supported by a Nobel Prize winner. The BJP IT cell head Amit Malviya retweeted the old tweet within a fraction of a second.
However, Richard Thaler remarked “Really? Damn,” when he was informed about the introduction of Rs. 2,000 notes in place of the discontinued Rs. 500 and 1,000 note thereby highlighting how his joy of seeing a step towards a cashless economy and reduction of corruption was momentary.
It was not only the BJP supporters but also a large number of BJP leaders who were flowed away with incomplete picture depicted by Malviya and tweeted about it. This included Union Minister Giriraj Singh, former BJP IT Cell Head Arvind Gupta, and many others.
Soon after, twitterati realized that the full picture of Thaler’s statement on demonetization was rather hidden.
Prime Minister Modi declared that the motivation behind scrapping Rs 500 and Rs 1,000 notes was to promote cashless economy and reduce corruption. This decision was severely criticised by different sections of the society putting on Modi the ultimate responsibility for heralding economic deceleration. Demonetisation pulled down India’s GDP growth rate to a mere 6.1% in 2016-17.
Some highlighted that the introduction of Rs 2000 note was an ephemeral panacea for remonetization and that its printing has been terminated.
-Prepared by Mohima Haque of NewsGram, Twitter: mohimahaque26
The Indian diaspora is a generic term representing the people who migrated from the Indian territories to the other parts of the world. It includes the descendants of these groups. Today, over twenty million Indians which include Non Resident Indians and People of Indian Origin are residing outside the Indian territory as Indian diaspora. According to a UN survey report of 2015, India’s diaspora population is the largest in the world. In 2005, Indians formed the world’s third largest diaspora. The Indians who settled overseas in 1960s for more developed countries such as US, UK, Canada, Australia and Western Europe formulate the category of the New Diaspora.
What are the popular host countries for the Indian Diaspora:
The 2010 estimates of Census data of US, UK and Canada suggest that Indian diaspora constitutes three million people in US, 1.5 million people in the United Kingdom and one million in Canada. Indians are the fourth largest immigrant group in the United States. Also, five million emigrants from India reside in the Gulf region at present.
The History of Indian Diaspora:
A brief overview of the history of Indian diaspora suggests that the first group of Indians immigrated to Eastern Europe in the 1st century AD from Rajasthan during the reign of Kanishka. Yet another evidence of migration was witnessed in 500 AD when a group immigrated to Southeast Asia as the Cholas extended their empire to Indonesia and Malaysia thereby spreading the Indian culture in these states. Thus the early evidences of diaspora were found during ancient times. The medieval period witnessed the spread of Hinduism and Buddhism during the Hindu and Buddhist kingdoms. Mughals took Indians as traders, scholars, artists, musicians and emissaries to the other parts of the country.
The first wave of the Modern Indian Diaspora, also called the Old Diaspora, began in the early 19th century and continued until the end of the British rule. The Dutch and French colonizers followed the suit. Indians were sent in large numbers to become the bonded labourers for sugar and rubber plantation in their colonies.
Indians in Caribbean, Africa and Asia:
By the end of World War 1, there were 1.5 million Indian labourers in the colonies in the Caribbean, Africa and Asia. At present, around 60% of Indian diaspora is constituted of this Old Diaspora.
Impact of Immigration policies on Migration from India:
After the Indian independence, a large number of unskilled and some skilled Punjabi male Sikhs migrated to UK from India due to favorable immigration policies in the United Kingdom. Similarly, 1990s onwards, due to software boom and its rising economy, H-1B was introduced in the US immigration policy that allowed the entry of highly skilled IT specialists, doctors, scientists and engineers in the US. Further, 1970s witnessed oil boom in the Middle East that led to significant growth of Indian diaspora in the Gulf region.
While the low skilled and semi skilled workers are moving to the Gulf region for better economic opportunities, highly skilled labour is moving from India to US, UK, Canada, Australia and New Zealand.
Has Indian Diaspora started impacting the economies and societies:
With the growing rate of international migration since the beginning of millennia, there is a significant impact of diaspora on the economies and societies of the world. In recent years, diaspora is influencing the economic, political and cultural affairs in their homeland. It is so because the influence of the diaspora communities increases as they organize themselves and accumulate resources in their host countries for several years. The mobilized diaspora are now influencing the affairs of the homeland countries. A common form of exchange is the financial remittances provided to the relatives by the diaspora community. Overseas family networks of the political elites in India are shaping the political landscape as well. Culturally, diaspora is influencing the music and literature trends in India as the content is consciously structured to cater to the tastes of the diaspora.
What actions have been taken by the government of India to tap the potential of Indian Diaspora:
The first Pravasi Bhartiya Divas was organized in 2003 by the Government of India to expand and reshape the state of India’s economy by the use of the potential human capital which the Indian diaspora reflects. Clearly, Indian diaspora has a larger role to play in the Indian economy over the coming years as the efforts to mobilize them increase in the homeland.