Archive for the ‘Indus Fast Remit’ Category

Popular myths & wrong notions about NRI’s

July 26, 2013

There are many myths about NRI’s & immigrants amongst the general population. Most of them are based on assumptions, stereotypes & uninformed perceptions. There are many reasons why foreign citizens immigrate to other nations but a raise in the standard of living is a desire that most have.

This is our attempt to bust myths for the enlightenment of the general public.

Myth 1: NRI’s do not pay taxes

All immigrants pay taxes. They range from property to sales tax. Even undocumented immigrants pay income taxes.

Myth 2: NRI’s slog it out day & night & then send all their earning back to their home country, causing the host nation’s economy a loss.

There is great dissension in a given company where one national is irritated that an NRI works overtime & raises the bar at the workplace, thus causing undue competition. He works extra, earns extra & later collects a hefty sum to send to India. There is no doubt that immigrants send their earning to their families back to their home country. But they do so in addition to their expenditure as an immigrant in the foreign country. Their business contributes $162 billion in tax revenue to U.S federal, state & local governments.

Myth 3: Job opportunities for Americans are taken away by NRIs & other immigrants.

There are various American citizens today who started off as immigrants in the host country & today have reached a position where they are creating jobs for the public- Americans & immigrants alike. The truth is, jobs are created as well US as well as foreign workers by immigrant entrepreneurs. They posses a skill which help them thrive in competition. This does not mean that jobs are stolen, they are simply achieved on the basis of merit.

Are there any other popular myths you know of & would like to bring to our attention? What is your view on the topic listed above?

To know more about NRI Money Transfer and other online banking services you can also visit our website.

The Real Travelers’ Guide to the 3 best holiday destinations in India- Ladakh

May 17, 2013

So we all know about the travel related cliches. Get a good tour and travel consultant, buy a package with some freebies thrown in and travel to places people have already talked about. If you are an NRI and have the opportunity to explore your country, here is your guide to the 3 best holiday destinations in India from the real travelers’ diary.

Ladakh: “Gar Firdaus Baroo-e-Zameen Asta. Hamin Asta, Hamin Asta, Hamin Asta”

A phrase that literally translates to “If there was a Paradise on earth, its here, its here, its here”, and a phrase often used to personify Kashmir, we’d take this personal liability to give this crown to “Ladakh”. Nestled at an altitude of 3,500 meters above the sea level, between the Kunlun Mountain Range in the north and the main Great Himalayas to the south, is a small, yet bustling town of Leh, the capital of Ladakh. Connecting the sleepy hamlets and valleys of the district, Ladakh is also one of the few remaining Buddhist destinations in South Asia.

Far from the literal happening, Ladakh is a place to explore, camp and for once in your life, hear silence. If you happen to be a jewelry and metal enthusiast- the old Leh road have the Tibetan Refugee Market for you which is an ideal place for shopping in Leh. Sonorous bowls, cymbals, trumpets and several Tibetan meditation instrument are up for grabs in here. Women- you might just like to get gaga over turquoise and unpolished silver jewelry made by ladakhi women. If you have an eye for semi-precious stones- you might just find an array of Lapis Lazuli from Afghanistan set in silver to flaunt in a world that has never seen Ladakh. Other than these, there is nothing much “to do” as such. But “to do” there’s a lot! Take the open road, face some challenges, brave the winds and be a traveler. We are in love with Ladakh.

That would be us with our week’s travel pick for the day. Explore the unexplored; better an experience that can be bettered and see beyond beyond the obvious is what our travel motto is and will always be!

Gompa-Phyang-1

To know more about NRI Money Transfer and other Online Remittance To India services to make your travel safe and enjoyable  you can also visit our website.


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