|
|
|
|
|
4th Shawwal 1435 | Thursday, Jul 31, 2014
NRIs Corner

Huge rise in NRK deposits in Kerala banks

Friday, 7 December 2012
Comments(0)
Trivanthapuram, December 07:

Kerala Finance Minister K.M.Mani Friday said that there has been a staggering increase of over Rs.17,000 crore in NRI deposits in the state's banks in the past one year.

"In 2011 the total NRI deposits in Kerala banks was Rs.38,556 crores and a year later in June this year, it has touched Rs.55,663 crores. One in 10 Keralites are abroad and the much-talked about Kerala model of growth was made possible by the Kerala diaspora," said Mani at an event in UAE, according to a statement released by his office here.

"Our government deeply values the yeoman service of the Kerala diaspora over the years and we will certainly look them up in high esteem. We are working out schemes both for the diaspora and for those who have returned for good," he said.

"We are working out a health scheme for the diaspora who have returned for good. Moreover recently there have been reports that in the state, the land and properties owned by the diaspora here are coming under duress from several quarters. We are soon floating very strong laws to see that this does not happen," assured Mani.

He noted that a good number of students from the state were going abroad for higher studies and if the state was able to retain them once they finish their studies, it would be a major boost for Kerala.

He added as per the latest statistics on the Kerala diaspora, UAE leads from the front with the largest Kerala population (8.83 lakh).

Latest News

In perhaps the first explanation of the US denial of visa for Narendra Modi, the Obama Administrati ...

Committee submits report on pattern of civ...

A committee formed to look into the possibilities of bringing changes in pattern of civil services examination among others on Thursday subm ...

EU condemns UN shelter shelling, Netanyahu vows tunnel destruction

The European Union Thursday condemned strikes on a UN shelter and a crowded market in Gaza, as Israe ...

Related News

1st batch of 200 nurses from Libya to retu...

In the first phase of evacuation of Keralite nurses from strife-torn Libya, a total of 200 nurses will return home tomorrow, Chief Minister ...

Indian jailed in UAE for smuggling poppy seeds

A 31-year-old Indian has been jailed for four years in the UAE for smuggling and possessing poppy se ...

Indian killed in Oman road accident

An Indian expatriate was killed in a road accident near Ibra, the second largest city of Oman, media reports said today. Mohammed Ali wh ...

Post new comment

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

Rs. 27690 (Per 10g)

Opinion Poll
Do you think World Powers are powerless in preventing Israel's offences against Palestine?
YesNoCan't say

Comments >>

Matrimony | Photos | Videos | Search | Polls | Archives | Advertise | Letters

© The Siasat Daily, 2012. All rights reserved.
Jawaharlal Nehru Road, Abids, Hyderabad - 500001, AP, India
Tel: +91-40-24744180, Fax: +91-40-24603188
contact@siasat.com