Archive for the ‘NRI’ 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- Konkan region & Meghalaya

May 24, 2013

The vacation season beckons us but time is still short between all that you need to complete within this one visit & your promise to your family that they’ll have a memorable time, do you feel stuck? The following 2 destinations are here to your rescue.

Konkan: So there is Mumbai and there is Goa. What’s in between? What’s in between is a stretch of pristine coastal land, yet to be explored. Although recent times have seen an influx of tourists, mainly local, the “Konkan” for the world do not really exist. A belt full of great beaches, mouth watering cuisine, hilly cliffs that meet the sea and honest, good people- Konkan is where you can grab a beer and chill- without the obviousness of Goa and without the crowd of Mumbai. As near as a mere 175 km from Mumbai- the Konkan belt has a lot to offer.

If you happen to hit the Konkan road, one must try is the local fried fish and the quintessential Maharastrian meal which they call “thali” and in available in any “Khanavals” or restaurant. One can book an entire house with terrace for as less as 1200 INR a day!

Meghalaya: Called “the Scotland of India” and which literally means “the abode of clouds” Meghalaya is a quaint little state nestled in the great Himalayas and which houses Cherrapunji- a place known for receiving the highest amount of rainfall in the world. It’s a mystical experience being in Meghalaya- you might just stand in a sunny spot while watching a gush of shower a foot ahead of you! Its a play of sun and rain all throughout the valley and of course interspersed with great ancient monoliths that make you wonder whether it has any connection with the Easter Islands! Right from the snakey road that takes you to Meghalaya to the caves and hidden blue lagoons- its a place so not ubiquitous that you’d actually believe that only dreamy clouds can live here!

Well connected through roadways (through Guwahati-Assam), Shillong is Meghalaya’s capital- a place you’d love to note for its cleanliness. Picture perfect homes, wild roses, little white Churches with their conical heads and happy people make Shillong. Bump onto someone and all you’ll see is them smiling right back at you! It’s a place that makes you believe in happiness.

Must try in Meghalaya would be the Tibetan and Khasi-Garo cuisine which is in one word- Delish!

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!

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


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