Monday June 18, 2018
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Kerala announces an NRI commission

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An NRI commission was finally set up by the Kerala government. Under the plan, a team of four members directed by a former judge of Indian High Court Justice P Bhavadas was declared as the commission.

The two out of four members of the current team are active NRI’s living abroad and other two are former NRIs in which two are either presently living in the UAE or have been living in the UAE in past.

The director of the NRIs Commission is Dr Shamsheer Vayalil, who is an Abu Dhabi-based doctor and head of VPS Healthcare are among the members. He is the one who appealed the Supreme Court of India to get voting rights to the NRIs.

Bhagwat Singh, a former President of the Sharjah Indian Association is the second member of the team. He currently lives in Kerala.

A Bahrain-based Journalist Sohan Baby and a former chairman of the Kerala state government’s Pravasi Welfare Board PMA Salam are the other members.

“The purpose of this commission will be to safeguard the interests of the NRIs and provide justice to their grievances. As the Director of this commission, I hope we will be able to do justice to all the NRIs and will strive hard in making this commission a way for them to reach out to various State and Central Government departments without any hassles,” says Vayalil.

The quasi-judicial body will report all concerns of the diaspora including clashes over properties and investments as well as fake recruitments. The commission will allow to involve a lawyer for the diaspora complainants to appear before the panel and the complainant need not waste his/her time for resolving issues. The commission will organize the meetings in every three month to estimate its activities.

Keralites are one of the vivacious expat communities across the Middle East and the rest of the world. Around 2.5 million Keralites live abroad and deport about Dh65 billion yearly which is a fourth of all allowance India receives from its migrant community yearly.

At current, local courts handle the labor and commercial disputes with some amount of support from NORKA -the Non-Resident Keralites Affairs Department, set up in 1996 by the Government of Kerala.(Inputs from agencies)

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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)