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Know why NRI home buyers are back on property developers’ radar
A slump in the consumer demand in the realty market has definitely hit the developers hard. But they can heave a sigh of relief. It seems our NRIs community has revived its interest in the property market back home for investment purposes.
“For a protracted period, investments in India did not offer good returns, causing NRIs to choose to invest in the countries they migrated to – or anywhere else where the markets were attractive. However, with the resurgence of the Indian economy after the arrival of a stable government intent on boosting business in the country, things are changing. Today, the Indian realty market is once again a prime focus area for NRI investors,” said Ashwinder Raj Singh, CEO, Residential Services at JLL India.
He added that while NRI property buyers have their preferences amongst Indian cities, a larger chunk of investment in the residential property is done in these two cities—Delhi and Mumbai.
“Generally, the NRI community prefers to invest in their states of origin – primarily Kerala, Karnataka, Tamil Nadu, Maharashtra and Delhi NCR. However, since residential inventory has piled up in the two major cities of Delhi and Mumbai, investors are currently very well placed to find good bargains in these markets, as most developers there are offering discounts and attractive financial schemes,” Singh noted.
According to industry experts, NRIs who are soon to retire should look at investing in India as the basic social infrastructure in most of the larger Indian cities has been upgraded.
However, the industry also suggested that NRIs must consult professionals with extensive research-driven background to ensure that they will get the best returns for their investment. “As a rule, NRI investors should be wary of projects by unknown developers who have no existing track record. Innumerable numbers of buyers are currently falling in trouble because they have plugged their funds in projects which do not have all the mandatory clearances and fall short of even the minimum standards of quality construction. Unless a NRI plans to visit India and personally evaluate projects, he or she should opt only for reputed developers,” he stated.
Additionally, he said that NRIs should take care of other factors such as the credibility and brand visibility of a developer in the market, the location of the project in terms of social and civic infrastructure, the amenities and the timelines for possession in the case of under-construction projects.
“NRI investors focused on benefiting from discounts can consider booking in projects which are in the pre-launch stage, as prices tend to be competitive. Again – while due diligence is important for end-users, it is even more important for investors who are considering projects in upcoming or peripheral locations of the primary cities. Professional real estate advisors should be consulted to establish for the legitimacy of such projects,” said Singh.
It should be noted that in the last few years, Indian developers had miscalculated the demand in the market and how much buyers – including NRIs – are willing to spend on their first or second homes. This resulted in increased levels of supply overhang of larger-configuration apartments. However, selective correction in many such property markets is taking place and the prices of real estate projects is expected to come down substantially.
Source : businessinsider.in
Advantage NRI: Homecoming with ‘Real’ hopes
Over the past few decades, the urge to ensure a better standard of living for themselves and their families back home has led countless Indians to migrate to countries offering attractive work-pay equations. This income-generating objective is the highest common factor — and though NRIs’ ties with their country of birth sometimes erode to a certain extent, willingness to turn a decent profit on investments back home does not.
For a protracted period, investments in India did not offer good returns, causing NRIs to choose to invest in the countries they migrated to or anywhere else. However, with resurgence of Indian economy after the arrival of a stable government, intent on boosting business in the country, things are changing. Today, the Indian realty market is once again a prime focus area for NRI investors. The Indian realty sector as a whole — namely, across the residential, retail, hospitality and commercial verticals is slated to grow at 30 per cent over the next decade, attaining a market size of around $180 billion by 2020. However, investment opportunity lies less in Indian real estate sector’s speed of growth than in its overall dynamism. As such, it has been time and again vouchsafed that long-term investments into Indian realty pay-off very well as long as sound investment decisions have been taken. Advantage NRI NRIs today are keenly aware that Indian real estate once again presents them with a very hot investment proposition. That said, they do have their own leanings and predilections when it comes to where to invest. Generally, the NRI community prefers to invest in their states of origin — primarily Kerala, Karnataka, Tamil Nadu, Maharashtra and Delhi-NCR. However, since residential inventory has piled up in Delhi and Mumbai, investors are currently very well placed to find good bargains in these markets, as most developers there are offering discounts and attractive financial schemes. The advantage that UAE-based NRIs (by far the largest contingent) have is that they earn in Gulf currencies that have traded strongly against the Rupee. This off-sets a part of the house cost already. However, the rupee is bound to strengthen further, and the advantageous difference between the currencies will reduce as economy grows under a stable Central government. Current Indian Real Estate Scenario Indian developers have had to wake up to certain immutable market realities over last two years. In many cities, they have misjudged where the actual demand is and how much buyers — including NRIs are willing to spend on their first or second homes. This has resulted in worrisome levels of supply overhang of larger-configuration apartments. Real estate developers are now becoming quite serious about right-sizing and right-pricing their products to make them attractive to a larger cross-section of customers. In fact, smaller, better-designed and more efficient homes are very much in evidence when we study the project launches in 2015. Selective corrections are already happening in some of the over-priced pockets of India’s larger cities — as this trend gathers momentum, we will start seeing a faster sales velocity in the stagnated supply of larger configurations. Townships are becoming a lot more prevalent, since this is becoming the residential option of choice for many city dwellers looking for a better lifestyle for their families. Supply pipeline for luxury home projects is now slowing down in reaction to the slow demand dynamics for these offerings. Pricing Trends Residential property prices have plateaued in both Delhi and Mumbai. Good returns can be expected only if one’s investment horizon is of three years or above — in which case, annualized returns of 10 per cent can be expected from the third year on. Sluggish sales, especially in the luxury segment, have led developers to offer several attractive financial schemes. World-class luxury projects are available in Indian cities now, but the market is currently struggling to sell inventory. Advice For NRI Property Investors For NRIs who are on the verge of retiring and planning to do so in India, this is the right time to invest. Social infrastructure in most of the larger Indian cities has improved a lot. Social and civic infrastructure is being ramped up in most of the larger cities, which means that more hospitals, schools and shopping malls as well as improved connectivity and availability of utilities are resulting in higher ease of living — equalling a higher-quality retired life. Once the primary residence is secured, NRIs with surplus funds can invest in rental income-generating apartments, as well. However, they must be aware of all the bylaws and regulations that apply to NRI investors — especially on the taxation front, since rental income is taxable in India. It is also taxable in other nations, except in cases where a treaty exists between the two involved countries with regards to double taxation. Under the best of circumstances, real estate is a capital intensive investment vertical. The best returns on investment are not attained by guesswork, but by decisions arrived at after weighing all the options for their merits and demerits. NRIs are best placed to reach such decisions if they consult professionals with a strong research-driven background. As a rule, NRI investors should we wary of projects by unknown developers who have no existing track record. Untold number of buyers are currently falling in trouble because they have plugged their funds in projects which do not have all the mandatory clearances and fall short of even the minimum standards of quality construction. Unless an NRI plans to visit India and personally evaluate projects, he/she should opt only for reputed developers. In all cases, NRIs should strictly follow a check-list of points to verify, such as the track record and brand visibility of a developer, the soundness of the identified location in terms of social and civic infrastructure, the amenities in the project and the timelines for possession in the case of under-construction projects. NRI investors focused on benefiting from discounts can consider booking in projects which are in the pre-launch stage, as prices tend to be competitive. Again, while due diligence is important for end-users, it is even more important for investors who are considering projects in upcoming or peripheral locations of the primary cities. Professional real estate advisors should be consulted to establish the legitimacy of such projects. Developers have traditionally tried to attract NRIs by gearing marketing campaigns of projects which are ordinary in every respect straight at them. NRIs should be aware that there is nothing about ‘NRI projects’ that is any different from other offerings on the market – there are no ‘exclusive’ features that are otherwise unavailable to other buyers.
Source : indianexpress.com
Income Tax Deductions Available to NRIs
Non-resident Indians have to pay tax and file a return in India if there income from sources in India exceeds Rs 2,50,000 in financial year 2014-15. Similar to resident Indians some deductions are available to non-resident Indians in their tax return.
Once of the most popular means of claiming a deduction from gross total income is via Section 80C. For financial year 2014-15 and financial year 2015-16, a maximum deduction of Rs. 1,50,000 is allowed under section 80C.
Of the deductions under Section 80C, those allowed to NRIs are:
Life insurance premium payment: This deduction can be claimed where the policy has been purchased in the NRI’s name or in the name of their spouse or any child’s name (the child may be dependent/independent, minor/major, or married/unmarried). To claim deduction under section 80C, the premium must be less than 10 per cent of sum assured.
Tuition fee payment: NRIs can claim tuition fees paid to any school, college, university or other educational institution situated within India for the purpose of full time education of their children (maximum 2). This includes payments for play school, pre-nursery and nursery.
Principal repayments on loan for purchase of house property: NRIs can claim deduction for repayment of loan taken for buying or constructing residential house property. Also allowed for stamp duty, registration fees and other expenses for purpose of transfer of such property to the NRI.
ULIPS or unit linked insurance plan: Investment in ULIPS is also allowed as a deduction under Section 80C. This includes contribution to Unit Linked Insurance Plan of LIC Mutual Fund e.g. Dhanraksha 1989 and contribution to Other Unit Linked Insurance Plan of UTI.
Other allowable deductions
Deduction from house property income for NRIs: Similar to Residents, NRIs can claim a deduction of maximum Rs 2,00,000 for interest paid on a home loan for a house property which is lying vacant. For a property which is rented out, the entire interest out go is allowed as a deduction. While calculating rental income of the house property, deduction towards property tax paid as well as 30 per cent standard deduction is allowed to be claimed.
Deduction under Section 80D: NRIs can claim a deduction for premium for health insurance of themselves and family or parents in India. This deduction is available up to Rs. 15,000 for insurance of self, spouse and dependent children and is Rs.20,000, where an NRI or spouse is a senior citizen. NRI can claim a deduction for insurance of parents (father or mother or both) up to 20,000 if their parents are senior citizen and Rs. 15,000 if the parents are not senior citizens. Therefore, an NRI will be able to claim a maximum deduction of Rs. 40,000 under this section for FY 2014-15. Since FY 2012-13, within the existing limit a deduction of up to Rs. 5,000 for preventive health check-ups is also available.
Deduction under Section 80E: Section 80E allows NRIs to claim a deduction of interest paid on an education loan. This loan may have been taken for higher education for the NRI, or NRI’s spouse or children or for a student for whom the NRI is a legal guardian. There is no limit on the amount which can be claimed as a deduction under this section. The deduction is available for a maximum of 8 years or till the interest is paid, whichever is earlier. No deduction is allowed on the principal repayment of the loan.
Deduction under Section 80G: If eligible donations have been made as per section 80G of the income tax act, deduction is allowed to NRIs.
Deduction under Section 80TTA: Non-resident Indians are also allowed to claim a deduction on income from interest on savings bank account up to a maximum of Rs. 10,000 like resident Indians. This is allowed on deposits in savings account (not time deposits) with a bank, co-operative society or post office and is available starting FY 2012-13.
Let’s take a look at some of the deductions which are not allowed to NRIs.
Some investments mentioned under Section 80C may not be allowed to non-residents:
1. Investment in PPF are not allowed – NRIs may not be allowed to open new PPF accounts, however PPF accounts which are opened while they are were a Resident may be allowed to be maintained.
2. Investments made in NSCs
3. Post Office 5 Year Deposit Scheme
4. Senior Citizen Savings Scheme.
5. Investment under RGESS under section 80CCG: Deduction under section 80CCG or Rajiv Gandhi Equity Savings Scheme was introduced effective assessment year 2013-14. This deduction was allowed to increase participation of retail investor participation in equity markets. When the specified conditions are met deduction allowed is lower of 50 per cent of amount invested in equity shares or Rs 25,000. This deduction is not available to NRIs.
6. Deduction for the differently-abled under section 80DD: Deduction under this section is allowed for maintenance, including medical treatment of a handicapped dependent (a person with a disability as defined for this section) is not available to NRIs.
7. Deduction for the differently-abled under section 80DDB
8. Deduction under this section towards medical treatment for a dependant who is disabled (as certified by a prescribed specialist) is available only to Residents.
9. Deduction for the differently-abled under section 80U
10. Deduction for disability where the tax payer himself suffers from disability as defined in the section is allowed only to Resident Indians.
11. Exemption on sale of property for an NRI
12. Long-term capital gains (when property is held for more than 3 years) is taxed at 20 per cent. Do note that long-term capital gains earned by NRIs are subject to deduction of TDS.
13. NRIs are allowed to claim exemptions under section 54, Section 54EC and Section 54F on long-term capital gains. Therefore, an NRI can take benefit of the exemptions from capital gains at the time of filing a return and claim a refund of TDS deducted on Capital Gains.
14. Exemption under Section 54 is available on long-term capital gains on sale of a house property. Exemption under Section 54F is available on sale of any asset other than a house property. Whereas, exemption is available under Section 54 EC when capital gains from sale of a property is reinvested into specific bonds.
Source : ndtv.com
NRI forms joint venture to attract Indian investment to US
NEW DELHI: A non-resident Indian (NRI) has formed a joint venture with an American investment firm to attract Indian investment to the United States and create job opportunities in areas such as New England and Baltimore. The overall objective of this joint venture appears to be the promotion of economic growth under the EB5 Investments Programme through Indian investors seeking US citizenship for themselves and their families under the US government’s investors’ visa programme.
Satish Jha, the chairman of the diversified The Jha Group (TJG) announced on Sunday a partnership with the US-based Ashcroft Sullivan Economic Development Centers (ASEDC) to bring investment and economic opportunities to India, under the EB-5 programs, stimulating job creation in the United States.
The new joint venture has been named as Ashcroft Sullivan Jha.
The joint venture aims to stimulate the US economy through job creation and capital investment in industrial projects through Indian companies under which certain EB-5 visas are set aside for investors in regional centers designated by USCIS based on proposals for promoting economic growth.
“The principals of the new joint venture, Ashcroft Sullivan Jha, have set up offices in New Delhi and Goa and are planning to open offices in Kolkata, Hyderabad and Chandigarh to educate investors about Green Cards for immigrants from India through the EB-5 program,” said Jha.
The joint venture will aim at investment in new commercial enterprise in designated areas of the United States which create or preserve at least 10 full-time jobs for U.S. workers within two years (or under certain circumstances, within a reasonable time after the two-year period) of the immigrant investor’s admission to the United States as a Conditional Permanent Resident, he added.
Jha said the company would be primarily servicing Indian investors seeking permanent residence or citizenship in the United States under the investors programme and are willing to invest in new commercial enterprises in designated areas of America.
Overseen by the US Citizenship and Immigration Services (USCIS), the US Immigrant Investor Program (EB-5) provides foreign nationals the opportunity to become conditional residents immediately after, and permanent residents within a period of two years from, making an investment of $one million, or $500 ,000 in a designated targeted employment area.
The federally designated Ashcroft Sullivan Economic Development Centers’ mission is to create new jobs in the Mid-Atlantic and New England regions, expanding economic productivity and help foreign entrepreneurs obtain permanent residency for themselves and their families.
Source : indiatimes.com
After NRI, effort to give voting rights to migrants: Government to SC
The draft bill to provide voting rights to NRIs through postal ballots would be further revised before it is tabled in Parliament and the Cabinet would consider a note in this regard, government told the Supreme Court was informed today.
The government was also considering a demand for granting similar voting rights for migrants in the country who leave their native places and go to other states for work, Additional Solicitor General (ASG) P L Narasimha said.
“The effort has been made by them,” a bench headed by Chief Justice H L Dattu said after Narasimha made the statement on the issue.
The ASG also informed the bench that a committee has been set up to look into the issue of voting rights for migrantsand its report will be submitted by September 15.
The bench, which also comprised Justices Arun Mishra and Amitava Roy, observed that the issue of extending voting rights to migrants, who move from one place to another in search of job, through postal ballots was being examined by the Election Commission.
The bench posted the matter for hearing after two months saying more time has to be given as the magnitude of work involved was enormous.
The issue of migrants was raised by advocate Prashant Bhushan who said since effort was being made to take care of the rights of NRIs, personnel of services and government officials, the same should be extended to the migrants.
The court was hearing a batch of petitions filed by Nagender Chindam, who is the Chairman of London-based Pravasi Bharat organisation and other NRIs including Shamsheer VP on the issue.
During the last hearing on April 13, the apex court had said it cannot order the legislature to make or amend a law within a particular time-frame and had granted time to the Centre to effect changes in statutes to extend voting rights to NRIs through postal ballots.
The Election Commission, earlier, did not favour extending the same benefit to migrants in the country. “Scheme of the Representation of People Act is that a person can be enrolled only at the place where he is ordinarily resident, the question of any person migrating to a different place from his native place, enrolling himself in the electoral roll of his native place does not arise,” the poll panel had said in an affidavit
Supreme Court orders Centre to set up e-voting for NRIs within two months of passing reform
The move to allow e-voting by NRIs got a major push on Wednesday, with the Narendra Modi government stating before the Supreme Court that the Union Cabinet would soon consider a draft Bill to make the change before it is tabled in Parliament.
“The government is also planning to extend the facility to the armed forces personnel and their families serving away from their native place, including abroad,” Additional Solicitor General PL Narasimha submitted before a bench headed by Chief Justice HL Dattu.
The apex court bench then directed the government to enable e-voting by NRIs within two months after making necessary amendments to the Representation of the Peoples Act, 1951, which deals with elections in the country.
Once this is allowed, the NRIs (non-resident Indians) will not have to fly home in order to vote during elections.
Till now only a small proportion of NRIs came to India to vote, given the expense and time involved.
The government told the court that it has approved e-ballot voting for Indian passport holders abroad, recommended by the Election Commission in a report, and it would have the process in place after amending laws.
According to the Election Commission, the e-postal ballot system has almost no risk of manipulation, rigging or violation of secrecy.
It is heartening news for an estimated 25 million NRIs across the world.
It is also a big victory for Nagender Chindam, chairman of the UK-based Pravasi Bharat, and Shamsheer VP, an NRI from Kerala, who took up the cause a year ago and knocked on the apex court’s door.
“This is a huge step forward for us,” said Chindam, reacting to the government submission.
“Voting rights cannot be denied to those who go outside for study or in search of employment. As India finds itself in the throes of a positive political transformation, 25 million NRIs could realise their dream of redefining the political landscape of the country by finally casting their ballot from wherever they are instead of physically coming to India,” he added.
“We are excited after this positive outcome on this case, which could change the dynamics of Indian politics and will be historic in our largest democracy. The court order means an astonishing average of 18,000 votes per constituency may get polled from abroad. These additional votes, if polled, will obviously play a crucial role in state and general elections,” Chindam said.
RBI allows NRIs to invest in chit funds
The Reserve Bank on Thursday allowed non-resident Indians (NRIs) to invest inchit funds on non-repatriation basis without any ceiling, a move that will encourage flow of capital into the country.
However, the subscription to the chit funds should be brought in through normal banking channel, including through an account maintained with a bank in India.
Earlier in May 2000, non-residents were barred from investing in a company or firms engaged in the business of chit fund.
Revising the extant guidelines for subscription to the chit funds, RBI said: “It has been decided to permit NRIs to subscribe to the chit funds, without limit, on non-repatriation”.
It further said the Registrar of Chits or an officer authorised by the State Government may permit any chit fund to accept subscription from NRIs on non-repatriation basis.
RBI said the revision in the guidelines were made in consultation with the government.
NRI deposits in Gujarat cross Rs 50K crore mark
NRI deposits in Gujarat cross Rs 50K crore mark
AHMEDABAD: Economic uncertainty, steep fall in the rupee, and attractive interest rates offered to NRIs by Indian banks made NRI deposits in Gujarat swell by 115 per cent over the past three years. The deposits breached the Rs 50,000 crore mark in 2014-15.
“The liquidity crisis in Europe and Africa prompted many NRIs to divert their funds to India,” said Jayesh Vithalani, an Ahmedabad-based financial consultant. NRI deposits rose to Rs 54,574 crore in 2014-15 from Rs 25,400 crore in 2011-12, an increase of Rs 29,174 crore.
In the 2013-14 period, the RBI increased the Libor rate for Foreign Currency Non-Resident (FCNR) accounts by up to 350 basis points for the period of three to 10 years. With an FCNR account, an NRI can maintain a fixed deposit in foreign currencies and earn regular interest.
“The interest rates offered to NRIs in India is around 1.5 per cent-2 per cent more than what is offered in the US,” said a city-based forex consultant.
Gujaratis form 33 per cent of the Indian diaspora and Gujarat is among the top five states in the country in terms of NRI deposits. RBI data shows there was a little over $115 billion (about Rs 7 lakh crore) in NRI accounts in India in 2014-15, with Gujarat accounting for 7.78 per cent of the kitty.
According to the latest State Level Bankers’ Committee (SLBC) data, total bank deposits in Gujarat amounted to Rs 4.9 lakh crore as of March 2015, of which 11.13 per cent or Rs 54,574 crore belong to NRIs. NRI deposits stood at Rs 46,953 crore (10.95 per cent) as of March 31, 2014.
Maharashtra CM set to woo NRIs in US with ‘come to Maha’ mantra
MUMBAI: During his five-day tour of the US, BJP’s first chief minister Devendra Fadnavis will project Maharashtra as a destination for industrial investment, pitching for state-of-the-art infrastructure, adequate power in industrial areas and simplified labour legislations. The CM will be in the US between June 30 and July 4.
A senior bureaucrat told TOI that Fadnavis has scheduled appointments with high-ranking officials of Citibank, Microsoft, Apple, Google, General Motors, Bank of America and Boeing. “Fadnavis will meet Microsoft chief executive officer Satya Nadella and Boeing vice-chairman Raymond Conner. He will also meet heads of leading businesses and financial institutions,” the bureaucrat said.
He said Fadnavis will appeal to NRIs settled in the US to return to India, set up their businesses here so that their higher learning from US universities will add high value to Indian manufacturing, research and IT. “Fadnavis’ emphasis will be on ghar wapasi (homecoming) of NRIs settled in the US,” the bureaucrat said.
One of the areas that will be highlighted by the CM is the second international airport near Navi Mumbai and mass urban transport, such as Metro rail in Pune, Mumbai and Nagpur. “We have enhanced the ease of doing business. A self-certification under the Factory and Boiler Act has removed multiple business permissions like river regulatory zone and eased industrial location permissions at the district level. As a result, now there is more scope for automobile, engineering and IT sector in the state,” the bureaucrat said.
On the status of infrastructure to tackle industrial investment, he said that all state industrial areas have round-the-clock power, adequate land at concessional rates, access roads and over 400 technology and engineering institutes to generate manpower. “To make Maharashtra investor friendly, the CM has already reduced the number of permissions from 76 to 25 and we have ensured complete end to red-tapism,” he said.
About corruption, which was major deterrent for investors, the bureaucrat said a landmark Right to Services Act has been enacted, which guarantees citizens time-bound and hassle-free essential government services. “Under the CM’s leadership, stringent action has been initiated against high-ranking corrupt bureaucrats and politicians. The ACB has acted fearlessly,” the bureaucrat said.
He added that the CM expects that NRIs will question why Mumbai was paralyzed with just one day of heavy rain this monsoon. “Certainly, such a question is expected. The CM has planned long term measures to ensure continuity of business by disaster risk mitigation. He has identified the root cause of flooding as inadequate stormwater drainage and silting and encroachment on natural creeks. It will be resolved in a time-bound period,” the bureaucrat said.
Source : indiatimes.com
Punjab ministers to act as ‘goodwill ambassadors’ on NRI land
Five Akali ministers of the SAD-BJP coalition government in Punjab will leave for the US and Canada in the first week of July as ‘goodwill ambassadors’ of the state government.
The ministers will hold a series of meetings with Punjabi diaspora and talk about the achievements of the eight-year tenure of the state government and also its ‘special efforts’ for protecting the interests of NRIs in Punjab.
As per the plan, irrigation minister Sharanjeet Singh Dhillon, rural development and panchayats minister Sikandar Singh Maluka, education minister Daljeet Singh Cheema, water supply and sanitation minister Surjeet Singh Rakhra, Agriculture minister Tota Singh and CPS (rural development and panchayats) Mantar Singh Brar are part of the “goodwill team”.
NO BJP INVOLVEMENT
It seems to be purely an Akali show and there is no involvement of BJP. Revealed as a brainchild of deputy chief minister Sukhbir Singh Badal, the upcoming tour by the ministers involves different teams which will meet various groups of Punjabi NRIs in different cities of the US and Canada. The state government is also involving the officials of Union ministry of external affairs to assist these ministers during their meetings with Punjabi diaspora.
At a number of places, including New York in the US and (Brampton) Toronto and Calgary in Canada, a tentative plan has been circulated and the relatives and friends of the visiting ministers have been asked to book the venues to hold meetings.
The ministers and the deputy CM, who is also president of Shiromani Akali Dal (SAD), is expected to finalise the tour plan and each location to be focused by a particular group of ministers, by Friday.
Sources said the ministers have been told to foot their bill on their own or ask their NRI friends and relatives to make arrangements.
“We would talk about our government’s achievements and ask NRIs not to spread bad publicity about their home state where they were born, grew up and have their families,” a minister told HT while requesting anonymity.
It was further revealed that the ministers have been asked to take along the data of the issues of NRIs resolved by the state government in recent times. “The government held three sangat darshans especially for the NRIs in Moga, Ludhiana and Jalandhar wherein 176, 174 and 200-plus complaints from the NRIs were received. Out of these complaints, more than 70% were resolved while the remaining pertain to the issues the NRIs have with their own family members in which government can’t do much,” adds a minister.
The ministers’ tour is also seen as an effort by the Akalis to neutralise the impact of the Aam Aadmi Party (AAP) which is being much talked about in the NRI circles. The NRIs are also expected to offer monetary support to the AAP, in case it contests the 2017 assembly polls in state. A major section of NRIs had supported AAP during 2014 parliamentary elections.
Source : hindustantimes.com