10 money management tips for NRIs

ET Now has an interesting article that highlights money management tips for NRIs. The practical tips include

  • Maintain An NRO/NRE Account In A Bank In India – If you are an NRI and still have income sources in India such as income from ancestral property or from a rented out property, you can keep the money in India by opening an NRO bank account.
  • Create A Power Of Attorney To Manage Your Property In India – If you are leaving behind your property in India, you must assign a person to take care of your assets on your behalf. I
  • If You Wish To Keep Money in An Indian Bank – If you want to maintain a fund with an Indian bank, while you are abroad, you must look for a bank which has a branch in the country you reside at.
  • Watch Out For Currency Rate Fluctuations – You should be careful about the currency fluctuations when making an investment or taking loan in India. A slight change in the value of Indian Rupee against the foreign currency can significantly impact your effective return.
  • Weigh Your Options Before Taking Loan – Being an NRI, you have the advantage of taking loan from both Indian and International banks in the country you live in.
  • Manage Your Taxes – As an NRI, you need to comply with the tax laws of both countries: where you reside and in India. The tax deduction benefits in India are more or less similar for both NRIs and the residents. Still, you might want to consult a tax advisor to maintain tax discipline.
  • Stay Updated With What’s Happening in the Indian Economy – If you own properties or have money invested in India, then it is important that you stay updated with the policy and regulatory changes taking place in the country.
  • Buy Health Insurance Cover – NRIs often prefer to get treatment done in India to deal with a health issue, as there is family back home to take care of them. So a health policy in India always comes handy. You can claim tax benefits on the premiums paid under Section 80D and reduce the tax liability for income accrued from India.
  • If You Plan To Move Back To India – One of the important decisions to make once you are abroad is whether you want to continue living abroad or move back to India.
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I want to explain arranged marriage to white people

A recent article in BBC.com features Pakistani designer Nashra Balagamwala and her views on arranged marriage.

When Pakistani designer Nashra Balagamwala produced a board game about arranged marriage, most news reports about her wrongly assumed she was dead against it. Actually her position is far more nuanced. And one goal is to explain to people in the UK and elsewhere how it works.

Balagamwala’s kickstarter campaign generated a lot of buzz and raised thousands of dollars more than what she was seeking.

Balagamwala was at the Rhode Island School of Design in the US when she came up with the idea.

“I was about to head home to Pakistan at the end of the year, and I had some proposals waiting for me, so I started stalking the Facebook accounts of those guys to find something about them that my parents wouldn’t approve of, so I could get out of meeting them. And then I thought to myself, ‘Why not get rid of the problem once and for all?’ So I created a list of every ridiculous thing I’ve done to get out of an arranged marriage and turned it into this light-hearted board game.”

 

She tested her game out on her friends, a mixture of South Asians and white Americans.
An American male friend was in fits of laughter while playing. He admitted to Balagamwala that he’d been worried the game would trivialise the subject, but said that he now had a better understanding of it.

art-nashra[1]

Link to an article in scroll.in

Update on PPF account for NRIs – You can continue with PPF account now

The Indian government recently announced that Public Provident Fund (PPF) accounts had to be closed when a person became a Non Resident Indian (NRI). 

A few months ago in October, the government announced that if a resident, who opened an account under this scheme, and subsequently becomes a non-resident during the currency of the maturity period, the account shall be deemed to be closed with effect from the day he becomes a non-resident.

Image result for ppf

On February 23, 2018, the government’s Department of Economic Affairs (DEA)  released an office memo  keeping its earlier notification in abeyance (or temporarily dismissed). The earlier notification was regarding the NRI’s PPF account released on October 2, 2017. According to the recent memo

Subject: Public Provident Fund (PPF) accounts held by Non Resident-regarding.

The undersigned is directed to refer to this Department’s notification GSR No.
1237(E) dated 03.10.2017 regarding amendment in PPF Scheme, 1968. As per the said
notification, if a resident who opened an account under this scheme, subsequently
becomes a non-resident during the currency of the maturity period, the account shall be
deemed to be closed with effect from the day he becomes a non-resident.

2. It has now been decided to keep the said notification in abeyance till the further
order in this regard.

Man seeking Non Resident Indian (NRI) bride duped

One frequently hears of NRI brides and women seeking NRI alliances being duped by unscrupulous men. In a strange twist.

According to media reports, Sadar police in Ludhiana (Punjab) have registered a case  against a Non Resident Indian (NRI) woman’s family, for allegedly duping a Ludhiana resident of Rs 5.50 lakh on the pretext of marrying him and and sending him abroad.

Image result for indian police cartoon

Krishan Kumar Khatri had placed a matrimonial advertisement the local newspaper calling for alliances for his daughter who is settled in Australia.  After initial conversations, the  bride’s family asked the family of Kulwinder Singh, the prospective groom for 90,000 Australian dollars. They agreed to take the money in three installments, and were paid Rs 1/2 million rupees as the initial installment. After receiving that money, the bride’s family ended all connection with the prospective groom and his family.

The father of Kulwinder complained to the local police, who registered a case under Section 420 (cheating) of the IPC against Mr. Khatri. The investigating officer from Sadar police station, ASI Ravinder Kumar, confirmed that although the ‘negotiations’ had taken place a few years ago, the family filed a complaint only in 2016. A case was registered recently after the initial investigation was completed.


 

In another unrelated news – Matrimonial website fraud: Mumbai schoolteacher claims Rs 11.5 lakh cheating by ‘NRI’

 

Trudeau in India: Are traditional Indian attires ‘too Indian’ for modern Indians ?

The Canadian Prime Minister Justin Trudeau and family, during a recent visit  to India made headlines with their flashy ‘Indian attire’ that got media and digirati debating.

One was the picture of Trudeau family in Sherwani and Sarees with Bollywood superstar Shah Rukh Khan

KhanJustinTrudeau

And then the Trudeaus were spotted at the Golden Temple in Amritsar in a spiffy Punjabi attire

TrudeauGoldenTemple

And the visit to Sabarmati in somber Reds

trudeau-sabarmati
Canadian Prime Minister Justin Trudeau along with his wife, Sophie, prays at the Sabarmati Mahatma Gandhi Ashram in Ahmadabad, India, on Monday, Feb 19, 2018. ─ AP

And at Akshardham like a newly wed Gujju couple

trudeau-akshardam

 

O Canada: Perhaps the only exception to the desi-photo-op,  was the Trudeau family visit to Taj Mahal where they managed to look ‘naturally Canadian’ 

Canadian Prime Minister Justin Trudeau, his wife Sophie Gregoire Trudeau, their daughter Ella Grace and sons Hadrien and Xavier pose in front of the Taj Mahal in Agra

Why is this making headlines?

All this left many Indians wondering if the Trudeau family in ‘traditional Indian attires’ were trying to be a bit too Indian. 

In case you are wondering: Contemporary Indians, especially in urban cities are more comfortable in t-shirts and jeans.

Image result for youth bangalore

Perhaps the only time one sees young men awkwardly milling about in Sherwanis or silk Kurtas are at weddings and melas. Same goes for the globalized bharitya nari, who is more comfortable in pants and jeans and not Sarees and Bindis.

 

images collated from published sources in the media:

Indian Dance schools in America – updated list

Classical Indian dance and music of different genera — South Indian, North Indian, classical, Hindustani, Carnatic, Bollywood and fusion — are taught in schools and academies across the US.

GaramChai.com has the most updated list of Indian Dance and Music academies in North America

lisaPicture

We periodically update our databases to reflect changes in the market. We received the following mail that prompted another update this week:

Dear GaramChai team

Can you please add my listing to the website for Indian dance.
LIsa Santhanam is a professional Odissi dancer of the Srjan style.  She performs extensively as well as offers Odissi dance classes.  Class locations are Fairfax Va.   She can be reached at L2santhanam@gmail.com  For more details about LIsa please see Https:// www.lisasanthanam.com
Thanks Ms. Lisa, your listing is now live on GaramChai.com !
You may continue to visit the website to review the extensive listings.

Listings of Indian Church in Canada

There are a number of Indian churches and places of worship in Canada. GaramChai.com has cataloged an extensive list online and we continue to update the database frequently. Yesterday, a reader reached out with a brief note:

Can you please add Holy Trinity Hindi Church Brampton to your website.
Our service is every Sunday Morning at 239 Inspire Blvd, Brampton, ON L6R 0B6.

Contact number-
Pastor Rajan Salvi: 647 926 9932
Sudeep Salvi: 416 559 2886

Thank you,
Sudeep


This listing now appears on our database. Thanks Sudeep and visitors to GaramChai.com for keeping our listings updated and current !