Thursday, January 11, 2007PIOs, NRIs should capitalise on India's youth: Sibal
People of Indian Origin and NRIs should tap the country's huge youth potential to create valuable knowledge links that can catapulate the country into a global innovation hub, Union Minister of Science and Technology Kapil Sibal has said.
"India has a large and an impressive stock of young human resources and high level professional diaspora creating valuable knowledge linkages," Sibal said. "The young human resource base is ready to usher India into a global economy and a power to reckon with. India's fast growing economy offers opportunities to invest not only because of emotional reasons but as it offers well established political system ensuring safe investment," he said. "India has all the necessary ingredients put in place for catapulting it as a global innovation hub of the future," he said, addressing the valedictory session of the 35th NRI 2007 on 'Strengthening the Bonds' in New Delhi on Thursday. India offers an opportunity for NRIs and PIOs to tap into India's huge competent human resource base, Sibal said. "All of them throughout the world should look towards the land of their origin to bring not only their money but their hearts too," he said. "Indian professionals settled abroad are returning back in large numbers due to the kind of opportunities available here at this point of time," he said. He also presented the Pravasi Awards to eminent NRIs and PIOs for their contribution in various fields on a global platform. British High Commissioner to India Michael Arthur said last year India has become the second biggest investor after US replacing Japan. NRIs protest 'discriminatory' UK immigration lawsBraving chilly wind and a drizzle, scores of highly-skilled Indian nationals on Thursday held a protest demonstration in front of the British Parliament urging the Labour government to withdraw discriminatory immigration rules. The protestors demanded that the promises made to them under the Highly Skilled Migrants Programme be kept. Former Labour Minister for Visas and Foreign and Commonwealth Office Keith Vaz, parliamentarian, and the Conservative party spokesperson and Shadow Immigration Minister Damian Green attended the rally and urged the British government to look at the issue afresh and do justice to the affected people. They also held a demonstration in front of the 10, Downing Street and presented a memorandum to a representative of Prime Minister's Office. Describing the whole issue as 'bizarre,' Vaz told PTI that having invited the highly skilled Indians to come and help the economy here, it was improper to have suddenly changed the rules to their disadvantage. "It is a slap on the face of those who had gone through proper process and complied with the regulations only to be left in the limbo regarding their future. We request the home secretary to change the rules," he said. Vaz said on the one hand four senior ministers, including Chancellor Gordon Brown, Secretary for Trade and Industry Alistair Darling, Secretary Environment David Miliband and Secretary International Development Hilary Benn would be visiting India next week to boost bilateral relations and on the other hand the 'changes in the immigration rules sends out completely wrong message and weakens and not strengthens relations with India.' Vaz said he would personally take up the issue with the Home Secretary John Reid. Shadow Immigration minister Damien Green described the government move as 'unfair, perverse and wrong.' "As far as these individuals are concerned they came here trusting the promises made by the government. The government's action to change their promises is bad for British economy and is sending a wrong signal that Britain may not play fair," he said. My party had voted against the change of rules but government got it passed, he said, adding: "I will continue to write and persuade the Home Secretary to withdraw the rules affecting the Highly Skilled Migrants." He said the British Home Office has been controversially changing their policies, initially during March 2006 when the non-European Union doctors who entered Britain with an understanding that they could enter into employment were shown the door without any prior notice as European countries were given priority by health authorities. This was continued by increasing the settlement period for ILR (indefinite leave to remain) from 4 to 5 years and more recently drastic new changes have been introduced on Nov 8, 2006 for extension of HSMP visas. With the implementation of the revised rules on Nov 8, 2006, it requires HSMP migrants to re-qualify through a points based system for their further visa extension. Many HSMP migrants will not quality for further extension due to the new changes and will be forced to wind up their establishments, careers, schooling of their children and investments and will be asked to leave the country. Under the new rules those above 28 years of age and earning less than 35,000 pounds per annum are not qualified to continue to work in UK. Amit Kapadia said Keith Vaz has assured the HSMP forum that he would organize a meeting of forum representatives with the Home Secretary John Reid where parliamentarians of Asian-origin would also be present. Habib Rahman, chief executive, Joint Council for the Welfare of Immigrants, said: "This treatment of highly skilled migrants from poorer countries is heartless. At the very least the Government should negotiate a transitional arrangement for these migrants who are already present in the UK. "It is particularly ludicrous that migrants' age should count against them when a new law against age discrimination in employment has recently been introduced by the UK government. This risks discrimination and sending employers contradictory messages," he said. Source: Friday, December 01, 2006Indian Customs duty in Baggage?
A. The rate of Customs duty in excess of Free Allowance is 40.8%. Q. How much is duty on Laptop? A. One Laptop per passenger of 18 years or above is allowed free of Customs duty if it is carried on accompanied baggage. Q. How much is Free Allowance for a passenger? A. Free Allowance admissible to a passenger (an Indian resident or a foreigner residing in India); under Baggage Rules; returning from countries other than Nepal, Bhutan, Myanmar or China is as under: For passengers of and above 10 years of age and returning after stay aboard of more than three days: (i) Used personal effects, excluding jewellery, required for satisfying daily necessities of life. (ii) Articles upto a value of Rs 25,000 if these are carried on the person or in the accompanied baggage of the passenger. For passenger of and above 10 years of age and returning after stay abroad of three days or less: (i) Used personal effects, excluding jewellery, required for satisfying daily necessities of life. (ii) Articles upto a value of Rs 12,000 if these are carried on the person or in the accompanied baggage of the passenger. For passengers upto 10 years of age and returning after stay abroad of more than three days: (i) Used personal effects, excluding jewellery, required for satisfying daily necessities of life. (ii) Articles upto a value of Rs 6,000 if these are carried on the person or in the accompanied baggage of the passenger. For passengers upto 10 years of age and returning after say abroad of three days or less: (i) Used personal effects, excluding jewellery, required for satisfying daily necessities of life. (ii) Articles upto a value of Rs 3,000 if these are carried on the person or in the accompanied baggage of the passenger. The free allowance under this rule shall not be allowed to be pooled with the free allowance of any other passenger. An Indian resident or foreigner residing in India, returning from Nepal, Bhutan, Myanmar or China, other than by land route, shall be allowed clearance free of duty articles in his bonafide baggage to the extent as under. Further, Indian resident or such foreigners returning from Pakistan, by land route, shall also be allowed clearance free duty articles in his bonafide baggage to the extent as under: For passengers of and above 10 years of age and returning after stay abroad of more than three days: (i) Used personal effects, excluding jewellery, required for satisfying daily necessities of life. (ii) Articles upto a value of Rs 6,000 if these are carried on the person or in the accompanied baggage of the passenger. For passengers upto 10 years of age and returning after stay abroad of three days or less: (i) Used personal effects, excluding jewellery, required for satisfying daily necessities of life. (ii) Articles upto a value of Rs 1,500 if these are carried on the person or in the accompanied baggage of the passenger. Q. What is Free Allowance for Unaccompanied Baggage? A. There is no free allowance for Unaccompanied Baggage, which is subject to Customs duty of 40.8%. However, concessional duty on specified items at the rate of 15.3% is charged in case of items subject to duty under TR and MTR. Q. What is extra allowance for Professionals returning to India? An Indian passenger who was engaged in his profession abroad shall on his return to India be allowed clearance free of duty, in addition to what he is allowed, articles in his bonafide baggage to the extent as under: For Indian passenger returning after at least 3 months:
A. Indian passenger returning after a stay of minimum 365 days during the preceding 2 years on termination of his work, and who has not availed this concession in the preceding three years is allowed the following benefit: Used household articles and personal effects (which have been in the possession and use abroad of the passenger or his family for at least six months), and which are not mentioned in Annex I or Annexure II or Annexure III upto an aggregate value of Rs 75,000. Further, Indian passenger who has been residing abroad for over one year is allowed In addition, the benefit of MTR is also allowed to passengers who have been working abroad for a minimum period of one year and returning to India on termination of their work. Q. What are the allowances for tourists? A. For Tourists of Indian origin other than those coming from Pakistan by land route: (a) these goods are for personal use of the tourist, and (b) these goods, other than those consumed during the stay in India, are re-exported when the tourist leaves India for a foreign destination. For Tourists of foreign origin other than those of Nepalese origin coming from Nepal or of Bhutanese origin coming from Bhutan or of Pakistani origin coming from Pakistan: (b) these goods, other than those consumed during the stay in India, are re-exported when the tourist leaves India for a foreign destination. For Tourists or Nepalese origin coming from Nepal or of Bhutanese origin coming from Bhutan: No free allowance. For Tourists of Pakistani origin or foreign tourists coming from Pakistan or tourists of India origin coming from Pakistan by land route: (a) these goods are for personal use of the tourist, and (b) these goods, other than those consumed during the stay in India, are re-exported when the tourist leaves India for a foreign destination. A. (1) Minimum stay of two years abroad, immediately preceding the date of his arrival on TR, (2) Total stay in India on short visit during the 2 preceding years should not exceed 6 months, and (3) Passenger has not availed this concession in the preceding three years. Q. What are the benefits of availing Transfer of Residence? A. Articles allowed free of duty in case of Transfer of Residence are: Used personal and household articles, other than those listed at Annex I or Annex II, but the article listed at Annexure III and jewellery upto ten thousand rupees by as gentleman passenger or rupees twenty thousand by a lady passenger. The following items (one unit of each item per family) are duty free under TR (Transfer of Residence) or MTR (Mini Transfer of Residence):
A. Import of vehicles is not allowed under Baggage. However, passengers coming to India under Transfer of Residence are allowed to bring one vehicle subject to specified conditions. However, no duty concession is admissible and Tariff rate of duty is required to be paid. |
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