NRIs bullish on Indian stocks, equity assets up 3-fold on Modi optimism

Non-residents remain bullish despite single-digit equity market returns since May 2014

The Indian diaspora has taken a liking to equities under the Narendra Modi-led National Democratic Alliance (NDA) government. Total equity assets owned by non-resident Indians (NRIs) have jumped nearly three fold to Rs 2,675 crore between December 2013 and December 2016, data provided by the Securities and Exchange Board of India (Sebi) showed.

Although the Modi-government came to power in May 2014, the stock markets had started moving up in December 2013 in anticipation of a change of guard. The value of NRI holding in December 2013 stood at around Rs 900 crore. The increase in NRI assets is far higher than the 30 per cent gains on the Benchmark Sensex during this period.

Market players say they have seen an increase in new NRI accounts as well as improved flows in the existing accounts since the government took charge. They attribute the optimism to improvement in the macroeconomic fundamentals of the country, confidence in the new government and buoyancy in the primary markets.

NRI investments have persisted even though the equity market returns since May 2014 have been in single-digits. The Sensex had rallied close to 40 per cent between December 2013 and April 2014. However, a mix of global and domestic headwinds has taken some steam out of the rally. The Sensex lost more than five per cent during 2015, while it ended 2016 with near-zero returns.

Read the rest in?Business Standard

NRI businessman offers cash prize for Paralympics heroes Deepa Malik, Davendra Jhajharia, t Mariyappan, Varun Singh Bhati

Paralympians, including shotputter Deepa Malik and javelin thrower Devendra Jhajharia, will be bestowed with cash awards for their medal-winning performance at the 2016 Rio Paralympics.

NRI businessman Mukkattu Sebastian has announced a cash prize of Rs 5 lakhs for Jhajharia and high jumper T Mariyappan, who won gold medals at the Rio Paralympics.

Sebastian, who is based in UAE for four decades, also announced Rs 3 lakhs for Deepa, who won the silver medal and Rs 2 lakhs for high jumper Varun Singh Bhati for winning the bronze medal at the Rio Paralympics.

“The awards will be presented by the Chief Minister of Kerela, Shri Pinarayi Vijayan, on January 20, 2017 at 2:30 pm. The ceremony will be hosted at St. Joseph Higher Secondary school, Trivandrum,” Sebastian said in a release.

Jhajharia became India’s second gold medal winner at the Rio Paralympics after he broke his own world record with a throw of 63.7m in the men’s F46 Javelin Throw, while Mariyappan won the gold in the men’s high jump T 42 event, with a leap of 1.89 m (6 ft 2 in).

Deepa won the silver medal in the women’s shotput F53 event with a personal best throw of 4.61m, while Varun Bhati, clinched the bronze medal in the men’s high jump T-42 event with a personal best jump of 1.86 metres.

Read the rest of the article in?Mumbai Mirror.

Seeking South Asian Couples and Singles for a Financial Print Commercial

Milo Casting is seeking ?PRE-RETIREMENT AGED SOUTH ASIAN COUPLES for a Financial Print Ad Campaign. ?Seeking:

  1. SOUTH ASIAN COUPLES – 45 TO 60 YEARS OLD.
  2. We are also open to SOUTH ASIAN SINGLE MALES – 45 to 60 YEARS OLD.
  3. We are also open to SOUTH ASIAN SINGLE FEMALES – 45 TO 60 YEARS OLD.

We are looking for people from all South-Asian backgrounds, such as Indian, Pakistani, Sri-Lankan, Bangladeshi etc.

Couples chosen for the campaign will be compensated $3,000 PER COUPLE for a half-day shoot!

Individuals would receive $1,500 each

Must be available for these dates:

Audition: January 25 or 26, 2017 in downtown Toronto.

Shoot: February 4 or 5, 2017. (half-day shoot on one of the days only)

Details & Submission Information:

If interested, you must email the following to: research@milocasting.com

  1. Your names, ages and telephone number.
  2. Two recent photos of yourself (separate or together if you are a couple). Happy shots, candid shots are great! Professional photos not necessary.
  3. Please tell us your occupation.
  4. Please tell us your relationship status if you are applying as a couple.
  5. Please write ?Project Financial SOUTH ASIAN? in the subject line followed by your name. (i.e.: Project Financial SOUTH ASIAN – BOB SINGH)

Deadline for submissions: January 22, 2017. *** If you are interested, please submit ASAP***

Note: If an agent represents you please allow them to submit you for this project. This is a STILL PHOTO SHOOT, non speaking role. Open to union or non union members.

Questions or Concerns:?Please contact us at 416-360-0465 Shannon at x 233 or Misael at x 234

PLEASE JOIN OUR FACEBOOK GROUP FOR FUTURE CASTING CALLS: ?www.facebook.com/milocasting

| Press Release |

Global Sikh Environment Day

“The EcoSikh movement serves as an inspiration to all those seeking to establish an ecological consciousness that celebrates nature”(March 2012.)
-Olav?Kjorven,
?Director for Public Partnerships at?UNICEF
2 months to go…
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Sikh Environment Day
14th March 2017
March 14 is the day for Sikhs to celebrate and reflect their bond with the environment.
In 2017, Sikhs worldwide will be celebrating the 7th?annual worldwide Sikh Vatavaran Diwas?(Sikh Environment Day) on?March 14th. This day marks the New Year in the Sikh calendar and the?gurgaddi?divas of Guru Har Rai Ji,?who is remembered in Sikh history for his deep sensitivity to nature and its preservation.

You might also be interested in Gurdwara section of GaramChai.com

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Last year, over 3500 Gurdwaras, organizations and educational institutions from six continents were involved in Sikh Environment Day. Hundreds and thousands of Sikhs shared organic langar at the Golden Temple, planted trees, participated in bicycle rallies, katha-kirtan on nature theme, seminars on health, environment rallies, clean-up drives and so on. The entire episode is meant to pay tribute to the seventh Guru, Sri Har Rai ji for the environmental vision he established in his lifetime.
Your Role: Seven Easy Steps
Reach out a nearest Gurdwara, school or organization and support them to hold event and celebrate the message of ‘Pavan Guru Pani Pita Mata Dharat Mahat‘ by following seven easy steps?below, check this video:
Gurdwaras can hold diwans on nature theme and inspire sangat, install solar panels, hosting workshops, kitchen gardening, story sessions for young children.?By joining in, Sikhs across the world will share what the environment means to them, and raise awareness about the state of ecology across their spiritual homeland, Punjab.
Know more about Guru Har Rai and Sikh Environment Day
Read and share this?info poster?at your Gurdwara notice board today.
Shiromani Gurudwara Prabandhak Committee has?already announced the March 14 celebrations throughout Punjab. SGPC has also called upon the Sikh sangat and Gurdwaras to participate in the worldwide celebrations and pay tribute the seventh Guru.
This is an annual celebration planned by EcoSikh, an organization that was created as the Sikh community’s contribution to the 2009?Plans for Generational Change project, initiated by the?Alliance of Religions and Conservation (ARC) with the United Nations Development Programme (UNDP). The project works with the major world religions on long-term plans to improve their relationship with the environment.
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Our previous reports:
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Other useful links for SED-2017 at EcoSikh:
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Short Film Makers: are encouraged to create 60 sec teasers to mark their participation and play a huge role in inspiring the Sikhs of all age worldwide.
Hash Tag for FaceBook and Instagram: “#SikhEnvironmentDay2017″or #SED17?all the 2017 celebrations and announcements shall use #SED17 to share their effort.
For any questions you can contact:
Ravneet Singh at ravneet.singh@ecosikh.org
Gurpreet Kaur at?gurpreet.kaur@ecosikh.org

Happy Pongal and Makar Sankranti

One of the most celebrated festivals of India is here again. It’s?Makar Sankranti?which is considered to be the harvest festival of India. Like we have our own cultural beliefs regarding this festival,?Actor, Producer, Entrepreneur & Interior Designer?Poonam?Shende?also has her own special way of celebrating the festival.

On the pious occasion of?Makar Sankranti,?Poonam Shende?who has carved her name on awards like?Lions Favorite Emerging Face Of Bollywood 2017, Lokmat media’s Icons of Women – Pune coffee-table book for her outstanding contribution?in Interior & Entertainment Industryand many more?wished her fans?Happy?Makar Sankranti?and added that flying kites was one of her “childhood passions”

Dressed in a typical Maharashtrian attire, she looked oh-so-stunning in green & beige?color sari & gold jewellery ?“Kai Po Che! Let your kites and hearts soar high in the sky this Makar Sankranti.?A beautiful, bright & delighted day, sun entered makar to intense the ray. May the blessed occasion of Makar Sankranti usher in good times, prosperity and good luck”?

Change.org petition: RBI, Please make it easy for NRI, OCIs to convert old rupee notes

?A note from GaramChai.com visitor prompted us to start an online petion on Change.Org
Please sign the petition and forward to your friends and others who can do so too.

Mail from visitor –
Dear GaramChai.com
Pls assist to put pressure on RBI to come to their senses
?
PIOs, NRIs feel heat of demonetisation; wait in RBI queues?
Tempers ran high outside the central bank branches as people coming from long distances were denied entry by guards on the grounds that they were not carrying the requisite documents.?
click here to read the full article on Economic Times?
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I wish to suggest that RBI allow banks to?collect/deposit this small amounts of?Rs25,000 only, as after all we already declared at customs & customs will update RBI & RBI can then cross reference with banks (banks to submit the forms to RBI upon receipt of the cash).
So many checks are already in place so why the fear.
RBI cannot cope with the load so be realistic and don’t hurt NRIs.
?
?Please use your influence to push RBI.
?
regards
Mayur Vora

Yet another Swedesi victory over a multinational : Amazon backtracks on Indian Flag doormat

A couple of days ago?Amazon listed a series of doormats with Indian Flag on its Canadian portal.

Amazon.ca screen snapshop

A Non Resident Indian took offence and began tweeting about it to?Indian Minister for external affairs. Interestingly, this news comes on the heels of the much lauded the Overseas Indian fest, Pravasi Bharatiya Divas 2017 that concluded in Bangalore this week.

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With characterstic speed,?Sushma Swaraj swung to action and tweeted.

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Immediately after Ms?Sushma Swaraj tweeted her “warning,” Amazon took down the offending doormats from its websites. And the?Desi media and bloggers had a field day?patting their backs over yet another “Swedesi victory over a multinational”

But Indians, perhaps rightly want more:

“Amazon Canada might have removed the offensive product ? doormat bearing the Indian tricolour ? from its listings but it must go the whole hog and apologise to India for the infra dig heaped on Indians who wear their National Flag and nationalism on their sleeves.

The manufacturer, XLYL, may be one of the thousands of suppliers using the Amazon Canada portal, but that does not mean the e-commerce giant should be allowed to wash its hands of the stinking mentality of its supplier. Earlier, images of Indian gods were emblazoned on doormats sold by a supplier on the Amazon US portal. One wonders whether the offender then was the same XLYL. Amazon would do well to investigate the antecedents of such India-phobes and rein in them. The fig leaf of a ‘marketplace model’ should not be used as a cover by e-commerce portals to escape responsibility.? said Firstpost

It is not just the flag. Indians have begun a renewed push to get citizen to respect its flag.?NY Times reports -?Indian Cinemas Must Play the National Anthem, Supreme Court Rules

India?s Supreme Court on Wednesday ordered movie theaters to play the national anthem before each screening, asserting that doing so would instill ?a sense of committed patriotism and nationalism? in Indians.

In an interim order, the bench said that the anthem must be accompanied by images of the Indian flag, and that all present in the hall must stand while it is played.

 

This recent issue issue brings forth bigger questions:

  • We live in a globalized world but respect for individual cultures and social values are still paramount
  • Multinationals and even digital?content aggregators and marketplaces cannot hide behind their suppliers and vendors. They need to take accountability for governance
  • Sovereign countries offer multinationals a “license to operate.” Such license to operate can be questioned if it conflicts with the values of the host country.
    • In this case, Amazon listed the flag-doormat on its Canadian website.
    • Indian people took offence and used social media to petition the Government?leader took swift and decisive action, threatening Amazon with retaliation

Links to other media articles and blogs: