Friday, December 26, 2008

Top News

·         UK High Court permitted NRIs to challenge the retrospective changes to immigration rules that affected their status in the UK.

·         The ministry of Overseas Indian Affairs is to set up an international toll free number for NRI complaints and enquiries.

·         Faced with a talent shortage, Canada is relaxing the norms for visas.

·         “The UAE is poised for two years of slow economic growth” - UAE central bank.

·         Kerala merchants up against resuming Rubber Futures trading.

·         The Kerala government will offer developed land to NRKs to set up industrial units at Mananthery village in Thalassery.

·         The Kottarakkara Pravasi Samajam launched in Bahrain.

·         India’s real estate sector is poised to witness further decline due to global economic crisis - brokers and developers said.

·         The Kerala High court issued a stay order on the construction of Vizhinjam Port.

·         State Bank of India has been adjudged the Best Bank of the Year 2008 by London-based ‘The Banker´ magazine (of Financial Times group).

·         Kerala’s tourism industry to suffer due to terror threat/economic crisis.

·         India’s largest builder, DLF, has announced plans to invest Rs 4000 crore in Kerala.

·         Smart City project received a further jolt when the Kerala government changed its stand on the project’s Special Economic Zone (SEZ) status.

·         High air fares are expected to come down from January. 

·         Saudi Arabia has banned foreigners who cannot read or write from taking up jobs in the country.

·         An estimated 220,000 Indians live in the US illegally, recording an 81 percent increase in the number over the last seven years.

·         The ‘Blue Card’ that is a fast track work visa for skilled Indians to work in Europe is expected to be approved by January.

·         Kerala could lose 150,000 jobs, mostly in the plantation/traditional sectors –state finance minister. He urged the central government to hike NRI interest rates.

·         India asked the energy rich countries to invest surplus funds in India's infrastructure sector to help it return to 9 percent growth levels.

·         Government signed a memorandum of understanding with Indiaroots, a company that will be paid to trace the roots of the millions of curious NRIs.

No comments:

DISCLAIMER

The author is not a registered financial adviser, and you should not construe anything written here to be investment advise or recommendation. All information is for expressing views/ opinions & discussion only. No representation is being made that any investment made on the basis of data or information on this blog will result in profits. This blog is not associated with any organization or company in any manner. The author may or may not be investing in the products mentioned. Contents, gathered from various sources without any liability on the part of the author, may or may not represent author's view.