INDIA: Native indian obtained over USD 66.13 billion dollars in remittances in the year 2011-12 as in comparison to USD 55.62 billion dollars in the past, a increase of 19 %.
"We have obtained USD 66.13 billion dollars in remittances in 2011-12," Reverend for Offshore Native indian Matters Vayalar Ravi said Saturday in an itemized response to a question in Lok Sabha.
The remittances to the nation through private exchange of resources have been increasing in the last few years.
India obtained USD 53.63 billion dollars in 2009-10 while in 2008-09, the amount was USD 46.9 billion dollars.
Quoting majority of folks performed by Source Bank of Native indian, he said remittances from Beach nations taken into account a typical 27 % of the complete remittances to Native indian during the first half of 2009-10.
Listing projects to benefit overseas Indians, he said govt has released the "Mahatma Gandhi Pravasi Suraksha Yojana" to help in resettlement of the overseas Indians on their come back to the nation.
"By offering a co-contribution from the govt, this program motivates and allows overseas Native indian employees to preserve for their come back and resettlement and to preserve for their old age. This also provides a free life policy against natural loss of life during the period of protection, under the program," he said.
The program is for Native indian employees having Emigration Examine Needed (ECR) given and a real visa in an ECR nation.
As per the Emigration Act 1983, Emigration Examine Needed (ECR) groups of Native indian ticket owners need to acquire "Emigration Clearance" from the office of Guard of Emigrants (POE) for going to 18 nations.
The nations where ECR is compulsory include U. s. Arabic Emirates, Saudi Arabic, Qatar, Oman, Kuwait, Bahrain, Malaysia, Libya, The the air jordan, Yemen, Sudan, Brunei, Afghanistan, Philippines, Syria, Lebanon and Thailand.
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