Pathanamthitta Jilla Sangamam Jeddah, Saudi Arabia
The objectives of this unity are:
To facilitate and promote socio cultural activities for its members,
The welfare of Indian community in Jeddah especially for Pathanamthitta Jilla natives, To support and assist financially backward people in Pathanamthitta Jilla.
We are pleased to inform you that Pathanamthitta Jilla Sangamam-Jeddah (PJSJ), a Socio Cultural Organization formed in January 09, 2009 with a mission to promote Charitable, social and cultural activities among its members living in Jeddah and as well as in Kerala. We are happy to mention here that our successful completion of its 2nd year.
In this connection, we are organizing 2nd Annual meet which is scheduled to be held on 27th January 2011 (Thursday). The major attractions of the annual day are:
Various Traditional Indian Dance Forms
Comedy Show – Cochin Stage Vision
Music Night by Leading Troop in Saudi Arabia
In connection with our 2nd Annual meet, we are releasing a Souvenir during the meet
പത്തനംതിട്ട ജില്ലാ സംഗമം (PJS) രണ്ടാമത് വാര്ഷികം 2011 ജനുവരി 27നു പൂര്വാധികം ഭംഗിയായി ആഘോഷിക്കുവാന് തീരുമാനിച്ചിരിക്കുന്ന വിവരം എല്ലാ അംഗങ്ങലെയും ഇതിനോടകം അറിയിക്കുന്നു.
ഏവര്ക്കും ഈ പരിപാടികളിലേക്ക് ഹൃദയപൂര്വം സ്വാഗതം !!!!!!!
Opportunities for NRIs to open accounts:-The government gives non-resident Indians (NRI) the opportunity to open rupee-dominated accounts in India for repatriating funds. The most popular among these are the NRE and NRO accounts.
Simply put, an NRE (non-resident external) accounts gives an individual the opportunity to deposit money earned from abroad. It can be either in the form of a savings or current or term deposit account. Apart from the account holder, a resident can also operate the NRE account for making local payments as long as he has the power of attorney.
Privilege of NRO account: - Meanwhile, an NRO (non-resident ordinary) account gives one the privilege of depositing overseas earnings as well as Indian earnings. An NRO account can be in the form of saving, current and term deposit account.
However, one can have a resident of India as a joint account holder. Income arising in foreign currency, remittances received through proper banking channel or from NRE account and any past dues from India can be deposited in this account. But money once deposited in this account can only be withdrawn for local payments including investments.
How do you open an NRE or NRO account?
The process is similar for both accounts. To open an NRO or NRE account, one has to make a request with an authorised bank. One is then is required to submit documents like utility bill, driving licence, resident permit, rent received, passport and overseas or Indian bank statement. Also, the minimum fund has to be remitted to India either as forex remittance and transfer from existing NRE account.
Comparison with Differences between NRE and NRO accounts
Savings, Current, recurring or a {Fixed / Term Deposit with min. 1 year or maximum 3 yr period)
Savings, Current or a Fixed / Term Deposit
Foreign National
Can not open
Can open such account but with funds remitted from outside income
Who can open?
NRI
NRI, Resident before becoming an NRI
Whether RBI Approval required
Only in the case of individual & entities of Bangladesh/Pakistan nationality.
Only in the case of individual & entities of Bangladesh/Pakistan nationality.
Is repatriation allowed?
Yes
Current Income is freely repatriable with a CA certificate that taxes have been paid on such incomes but principal amount is restricted to USD 1 million per financial year except citizen of certain countries.
Repatriation to Nominee NRI
Permitted in case of death of the account holder
Permitted in case of death of the account holder
What can be the source of funds?
Funds remitted from abroad, Funds from another NRE / FCNR account
Funds received from within India
Can funds be transferred to another account?
Funds can be transferred from an NRE account to an NRO / NRE / Resident account
Funds can be transferred from an NRO account to an NRO / Resident account
Can it be opened jointly with an NRI?
Yes
Yes as well with Resident
Whether addition or deletion of name permitted
Yes
Yes
Can it be opened jointly with a resident?
No
Yes
What is the income tax treatment of the interest earned?
Tax free
Taxable u/s 115C and TDS @ 20% would be applicable.
Can power of attorney holder open the account?
No
No
Can power of attorney holder operate the account?
Yes, can make local rupee payments but can not gift on behalf of NR or transfer funds to another NRE account.
Yes, can make local rupee payments but can not gift on behalf of NR or transfer funds to another NRO account.
Is nomination allowed?
Yes for Individuals
Yes for individuals
What is the status of the account when NRI returns to India for good?
Converted to resident account
Converted to resident account
Disadvantage
If rupee depreciates, the saving in terms of USD depreciates.
If rupee depreciates, the saving in terms of USD depreciates.
Loan against security of NRE Account
Permitted subject to certain limitations.upto 100 lacs
Permitted as per normal terms and conditions of resident account holders
Friday, June 18, 2010
സൗദിയില് തീപ്പിടിത്തത്തില് മരിച്ചവരുടെ മൃതദേഹങ്ങള് ഇന്ന് നാട്ടിലെത്തിക്കും
ജിദ്ദ: കഴിഞ്ഞമാസം പതിനാറിന് മക്കയ്ക്കു സമീപം ജമൂമിലെ ഒരു കമ്പനിയില് ഉണ്ടായ അഗ്നിബാധയില് മരണപ്പെട്ട ബിന്ദു സദാശിവന് (35), മകള് ശ്രുതി (12) എന്നിവരുടെ മൃതദേഹം വ്യാഴാഴ്ച നാട്ടിലെത്തിക്കും. ബുധനാഴ്ച അര്ധരാത്രി ഒന്നരയ്ക്ക് പുറപ്പെട്ട് വ്യാഴാഴ്ച രാവിലെ പത്തുമണിക്ക് നെടുമ്പാശ്ശേരിയില് എത്തുന്ന സൗദിഅറേബ്യന് വിമാനത്തിലാണ് മൃതദേഹങ്ങള് അയച്ചത്.
പത്തനംതിട്ട ജില്ലയിലെ അടൂര് പഴകുളം സദാശിവന്നായരുടെ ഭാര്യയാണ് ബിന്ദു. സദാശിവന് മൃതദേഹങ്ങളെ അനുഗമിക്കുന്നുണ്ട്. സൗദിയില് ജമൂമില് പ്രവര്ത്തിക്കുന്ന അല് അമൂദി ബിവറേജ് കമ്പനി മെയിന്റനന്സ് ജീവനക്കാരനായ സദാശിവന്റെ കുടുംബം താമസിച്ചിരുന്നതുള്പ്പെടെ കമ്പനി ക്വാര്ട്ടേഴ്സിലെ മൂന്ന് വീടുകള് നിശ്ശേഷം കത്തിപ്പോയിരുന്നു.
നാട്ടില് പഠിക്കുന്ന മകള് ശ്രുതിയുടെ അവധി സദാശിവനോടൊപ്പം ചെലവിടാനാണ് ബിന്ദുവും ശ്രുതിയും സൗദിയില് എത്തിയിരുന്നത്. മരണാനന്തര നടപടികള്ക്ക്ജിദ്ദയിലെ പത്തനംതിട്ട ജില്ല സംഗമം പ്രവര്ത്തകരായ നൗഷാദ് അടൂര്, മനോജ് മാത്യു അടൂര്, ഷാജി ഗോവിന്ദന്, വിലാസ് തുടങ്ങിയവര് രംഗത്തുണ്ടായിരുന്നു. വിമാനത്താവളത്തിലും സംഗമത്തിലെ നിരവധി
അക്ബര് പൊന്നാനി
Government of India has decided to create a comprehensive and scientific database of overseas Indians. In the first instance, database of the following categories is proposed to be created:
A.Scientists
B.Technologists
C.Academician
D.Professionals
All Non Resident Indians & PIO professionals who fall under the above-mentioned categories may kindly provide the desired information in the enclosed format at the e-mail ID: dbprofessionals@cgijeddah.com latest by 20th June 2010.
One of our members has been selected as the Governor of Toastmasters International Division G (please refer the attached news clip). This is the first time a Malayalee has reached in this position and incidentally he is one among our group. Let us appreciate Mr. Rasheed Ali for this rare achievement to become the Governor of Toastmasters. Hopefully, he can contribute more to Jeddah Indian community especially for Pathanamthitta Jilla Sangamam, Jeddah to improve our communication skills and personality development.
