Good & Bad News For NRI Community

Countrymen goes to other countries on work permit to lift the economical condition of the family and then use to send money back in the country through banks or money transfer agencies, but now from 1^st July,2012 onwards using these channels to send money will start pinching a lot to NRI’s as Finance Ministry of the country has drag this facility in the service tax bracket @ 12.36 percent. From Punjab State countless youth opt other countries to start their career or do work or settle down in life especially from Doaba region of Punjab hence they keep on demanding from time to time on different platforms airport near their region, and if all goes well then their demand of Adampur airport for civil flights on domestic and international routs can be possible in very near future, so last week gone with mix of good and bad stories for the NRI Community. 

•  Punjab State government ministers and ruling alliance parties leaders are busy in the campaign of Dasuya by elections polls as seat was void due to sad and sudden death of Mr. Amarjit Singh Sahi of BJP, and deputy CM Mr. Sukhir Singh Badal has pointed in the recent press conference that once the election process of Dasuya by elections polls over then under the leadership of the Chief Minister of State Mr. Parkash Singh Badal a panel will meet Prime Minster of India to request him to look again into the issue of service tax  on to the money send by NRI’s to India from 1^st July onwards as not only it will effect the economy of Punjab State but also boost the Hawala business, so now NRI will think lot of times to send money through banks or money transfer agencies as it is under service tax bracket which is more then double digits that is 12.36 percent effective from 1^st July Finance Ministry of India has imposed service tax on the amount which will forward in the country from foreign countries. Even NRI committee of Punjab has taken serious note of it and has taken stand against the service tax with anger and has requested CM to take personnel interest in this matter and meet immediately with Prime Minister without any further delay. Head of committee while talking to media persons has said that committee members are receiving phone calls from NRI’s settled across globe and they are expressing anger on to the service tax. While talking to media persons committee head come up with stats that every year country receive sixty five billion dollars and out of it sixty one percent amount is for the use of family purposes as it is endorse by concerned ministry of India, so if it won’t roll back then it will increase Hawala business to send money in the country which is by no mean good for the country from any angel. 
• From Doaba region of Punjab State as per rough estimates on an average one member of the family is in abroad and during their journey to the country their quite common problematic part of journey starts when they come out from the Airport of New Delhi as it is not only very lengthy but tedious also because it takes from eight to twelve hours time to reach their destinations or they need to shed extra money to land at Amritsar Airport but this facility is not available from all the destinations of other countries barring few. Recently deputy CM Mr. Sukhbir Singh Badal who has civil aviation ministry also has said that letter has forward to the civil aviation ministry of India for permission of domestic and international flights from Adampur Airport. He said that it is demand of the region peoples to open Adampur Airport for flights on national and international routs from very long period. He was positive that most probably favourable results will pour in coming time of five to six months period. He said that central government has given its nod to erect terminal at the Airport, plus this is very first time that state government has taken initiatives through writing for getting clearance from civil aviation ministry of India for civil flights operational from Adampur airport.

So past week was mix of stories for NRI as on one hand they will have to bear 12.36 percent of service tax on to the money forward in the country through banks or money transfer agencies or opt for illegal channel that is Hawala business and perhaps soon their long demand will be fulfilled if central government give permission for domestic and international flights from Adampur Airport.