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.
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.
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.
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.
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.
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”?
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.
A couple of days ago?Amazon listed a series of doormats with Indian Flag on its Canadian portal.
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.
@SushmaSwaraj Madam. Amazon Canada must be censured and warned not to sell India flag doormats. Please take action.
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
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