Air India

 

Embassy News

The linking of validity of Residence Permit with the validity of the Passport

    The linking of validity of Residence Permit with the  validity  of  the  Passport       

The Ministry of Interior of Kuwait has decided to implement the new guidelines with effect from 01 January 2016 applicable to expatriates residing in the country with regard to the linking of validity of Residence Permit with the  validity  of  the  Passport. The new guidelines are as under:-

(i)                The duration of the Residence Permit cannot be for a longer period than the duration of validity of the passport.

(ii)              Residence Permit shall expire on the same date of the expiry of passport.

(iii)            The decision to link the validity of residence with the validity of the passport is applicable with effect from 01 January 2016.

(iv)            Please avail the remaining period till 1st January 2016 to renew the passport to avoid violation of Residence Permit Law for foreigners.

(v)              Approach Department of Residence Affairs (as per address given in the Civil ID) to register and transfer the data from the old to the new passport.  

2.        All Indian nationals in Kuwait are advised to ensure that their passports are renewed so as to avoid any violation of the Residence Permit Law in Kuwait for  Foreigners

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India Development Foundation Of Overseas Indians (IDF-OI)

India Development Foundation Of Overseas Indians (IDF-OI)

The Government of India, under the Chair of Hon’ble Minister of External Affairs and Overseas Indian Affairs has set up an India Development Foundation of Overseas Indians (IDF-OI),  a not-for-profit trust,  with a view  to provide a credible window for Overseas Indian Philanthropy in India’s Social Development.

2.      The IDF-OI is presently promoting Government of India's flagship programmes – “Swachh Bharat Mission” and “National Mission for Clean Ganga”. It is also seeking contribution from overseas Indians for projects in different States being implemented by State Governments agencies. IDF-OI is focussing its efforts on enhancing engagement with the Indian Diaspora and increasing its outreach.  The objectives of the Trust are:

·        Lead overseas Indian philanthropy into India;

·        Establish and maintain a 'Social Capital and Philanthropy Network' in India that can provide a list of credible institutions, projects and programmes;

·        Partner with States in India and encourage credible Indian philanthropic organizations; and

·        Promote accountability and 'good practices' in Diaspora philanthropy.

3.      The IDF-OI is also partnering with the State Governments in India to select projects identified by the State Governments in India and seek overseas Indians’ engagement with these projects.  Indian Diaspora can also contribute through IDF-OI, to projects identified by the State Governments. Overseas Indians can select project in totality or an individual component of a project or multiple components, as per state or sector of preference. A flyer regarding IDF-OI and the projects to be funded by overseas Indians is attached.  IDF-OI will provide regular reports to the contributors about implementation of projects to which they have made contributions.  Further details of the projects are available at IDF-OI’s website www.idfoi.org.

4.      The Embassy invites all Indians in Kuwait to connect with IDF-OI for engagement with these projects and to work for social development across the country.

The Indian Companies

The Indian Companies

During last two years, the Indian EPC companies have been awarded projects worth over USD 5 billion in Kuwait. In 2014, leading Indian companies viz. Larsen & Toubro (Ministry of Electricity and Water project and KOC’s Gas Gathering Centre GC 30 project), Shapoorji Pallonji (Al Sabah Hospital as well as Kuwait University Project), Dodsal (Gas Gathering Centre Project), Punj Lloyd (KNPC’s project of revamping the Ahmadi Fuel Depot) and Simplex Projects (for construction of Service Centers in Sabah Al Ahmad City) were awarded EPC contracts worth over US$ 4.15 billion in Kuwait. 

2.      In May 2015, Larsen & Toubro signed a contract worth US$ 77 million with Kuwait National Petroleum Corporation (KNPC) to replace an old power substation at Al-Ahmadi Refinery in Kuwait. In October 2015, Essar Projects Limited, in a joint venture with Italy’s Saipem S.p.A has won a contract worth USD 1.57 billion from Kuwait National Petroleum Company (KNPC) for setting up Al-Zour Refinery Project (ZOR), Package-4.Many Indian companies are actively participating in the developmental projects of Kuwait, strengthening further ties between India-Kuwait.

Attestation Of Employment Contracts For Indian Workers

Attestation Of Employment Contracts For Indian Workers

The Embassy has been attesting employment contracts for Indian workers, both in domestic sector (Visa No. 20) as well as in private sector (Visa No. 18).

2.       Work contract attestations done by the Embassy during the years 2014 and 2015 in respect of domestic workers (visa No. 20) and private sector workers (visa No. 18) to Kuwait are as under:

ATTESTATIONS DONE FOR VISA NO 20 (DOMESTIC WORKERS

 

January-December 2014

2015 (up to 31/10/2015)

Category

Male workers

Female workers

Male workers

Female workers

Domestic workers

 

34,450

19,676

22,234

7 (seven)

 

ATTESTATIONS DONE FOR VISA NO 18 (PRIVATE SECTOR WORKERS)

 

January-December 2014

2015 (up to 31/10/2015)

Category

Individual

Bulk recruitment

Individual

Bulk recruitment

Private sector workers

 

10,120

32,211

7,554

58,010

 

3.       The sharp drop in arrival of female domestic workers in 2015 is due to the differences on the bank guarantee issue.

4.       The Embassy has implemented E-Migrate (web-based attestation system) procedure since June 2015. This is a transparent system wherein all documents about work contract, visa copy, credentials/contact details of sponsor and the employee as well as emigration clearance documents are available on the E-Migrate system for the benefit of all stakeholders in the emigration cycle. The system protects and benefits both the employer and the employee as the emigration clearance is obtained through the on-line system. The Embassy has opened a Helpdesk for work relating to E-Migrate for the benefit of sponsors/employers in Kuwait who are registering themselves with the system for employing workers from India with the help of above user-friendly system.

Recruitment of Indian Nurses

Recruitment of Indian Nurses

It may be recalled that to streamline the recruitment of Indian nurses for work in Kuwait, the Government of India has restricted the recruitment of nurses through the following three State-run recruiting agencies since May 2015:


a)         Non-Resident Keralites’ Affairs Department (NORKA-ROOTS), Thiruvananthapuram;


b)         Overseas Development and Employment Promotion Consultants Ltd. (ODEPC), Thiruvananthapuram; and


c)         Overseas Manpower Corporation Limited (OMCL), Chennai.

 

2.         An Indian delegation comprising of NORKA and ODEPC top officials visited Kuwait in April 2015 in this regard to finalize basic modalities with the Ministry of Health, Kuwait pertaining to the recruitment of Indian nurses.

 

3.         A written understanding was reached this afternoon between the Ambassador of India to Kuwait and Dr. Mahmoud Al Abdulhadi, Assistant Undersecretary for Legal Affairs and Legal Adviser of the Ministry of Health & Dr. Jamal Al-Harbi, Assistant Undersecretary for Assistance Medical Service,  Ministry of Health, in this important matter. A Kuwaiti Health Ministry delegation is now expected to visit India in December 2015 for practical implementation of the nurses’ recruitment process.

First Ever NRI Divas In Agra During January 2016

First Ever NRI Divas In Agra During January 2016
The Government of Uttar Pradesh is organizing the first ever NRI Divas focused on the State’s diaspora on 4th & 5th January 2016, in Agra. During the flagship event, in the presence of Hon’ble Chief Minister of Uttar Pradesh, Shri Akhilesh Yadav, major policy decisions and initiatives planned for the State’s diaspora will be unveiled. The NRIs from UP are welcome to join & celebrate the vibrancy created by them for Uttar Pradesh around the world during the event.

The State Government has recently established a full-fledged Department of NRI Affairs which aims at creating an effective relationship with the diaspora for any issues/facilitation that their kin or families of NRIs face at home in the State. The Government plans to roll out cards certifying NRIs/PIOs from UP which would entitle the bearer to prompt response whenever he/she meets a Government functionary in addition to multiple third party benefits. Felicitation of the NRIs/PIOs for their contribution to the State is also on the anvil.

In addition to the above initiatives, the officers of the State Government shall give a high priority to matters that are reported or referred by the NRIs. A website of the NRI Department is to be launched soon which will have the contact details of the District Magistrates and Superintendents of the Police, Commissioners, DIGs and other senior officers at the State Government level so that they can be reached directly in case of any need. Suggestions/ feedback can also be given at This email address is being protected from spambots. You need JavaScript enabled to view it.

“India International Trade Fair (IITF)” at New Delhi

“India International Trade Fair (IITF)” at Pragati Maidan, New Delhi, India (November 14 - 27, 2015)

The India Trade Promotion Organization (ITPO), a Government of India Enterprise, under the Department of Commerce, Ministry of Commerce and Industry, Government of India is organizing the 35th edition of its annual mega event  “India International Trade Fair (IITF)” at Pragati Maidan, New Delhi from 14-27 November 2015, which will showcase India’s industrial progress,  economic achievements and technological advancements in a wide range of products and services.  IITF is a trade fair with B2B and B2C components and has emerged as the largest integrated trade fair in the Indian sub-continent. The first 5 days (14-18 November 2015) of the Fair are exclusively earmarked for business visitors.  The fair is open to general public from 19-27 November 2015.

A large number of overseas companies are expected to display their products and services in the event.  The theme of IITF “Make in INDIA” is a major initiative of the Government designed to facilitate and promote investment, foster innovation, enhance skill development and build best-in-class manufacturing infrastructure in the country.   An international Business Lounge will be set up to facilitate the visit of International visitors.  The last edition of the fair witnessed a huge turnover of visitors and 7000 business visitors which included overseas trade delegations from 58 countries across the globe.

            More details regarding the event is available at website www.iitf.in

 

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Pravasi Bharatiya Divas 2016

Pravasi Bharatiya Divas 2016
Pravasi Bharatiya Divas 2016 Pravasi Bharatiya Divas 2016 Pravasi Bharatiya Divas 2016

Value Added Services at CKGS, Centres in Kuwait

VALUE ADDED SERVICES AT CKGS, CENTRES IN KUWAIT

          The Embassy has outsourced its passport and visa services to M/s Cox & Kings Global Services, (CKGS) since 3 August 2014. This agency has three Centers; viz, Sharq, Fahaheel and Jleeb Al Showaikh (Abbasiya) for providing services to Indian community, Kuwaiti nationals and other expatriates residing in or visiting Kuwait. They charge a service fee of KD 1.200 for passport services and service fee of KD. 3.250 for providing  visa services. Following optional Value Added Services (VAS) are also available with CKGS, Kuwait:

Value Added Services (optional)

(i)       Photocopy: 100 fils per page

(ii)      Photo booth: KD 2.750 for 4 photos

(iii)     Internet kiosk: KD1.000

(iv)     Courier service: KD 1.250 for Indian nationals and KD 4.500 for foreign nationals;

(v)      Assisted form filling: KD1.000 for Indian nationals and KD3.000 for Foreign nationals.

New Indian Passports And TATKAL SCHEME

New Indian Passports on the same day under TATKAL SCHEME

Indian nationals in Kuwait are hereby informed once again that the new Indian passports can be issued the same day under the ‘Tatkal’ Scheme in cases such as damage / loss of passport, near exhaustion of all blank pages in passport, near or expiry of passport etc.  Applications for new passport issued under urgent or emergency circumstances are received in the Embassy Consular Wing and passports issued within a short span of 6-8 hours on payment of ‘Tatkal’ fee of KD 46/- in addition to the normal passport fee.

2.         The passport fees under the ‘Tatkal’ scheme are as given below:

i)             Ordinary passport (36 pages):   KD 69.50

ii)            Jumbo passport (60 pages):      KD 77.50

iii)           Passport in lieu of damaged/

lost passport:                                        KD 92.50 for ordinary and KD 100.50 for Jumbo passport

3.         This is to further inform that Kuwaiti nationals can apply for emergency visa at the Embassy which is issued the same day on payment of additional fee KD 12. Applicants may call the Embassy for any Tatkal passport and emergency visa related query at Tel. No. 22530600 Extn. 279 or call Mr. K.K. Pahel, First Secretary (Consular) at Mobile No. 97229948.

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Discontinuation of SMS Charge from applicants by CKGS Kuwait

Discontinuation of SMS Charge from applicants by CKGS Kuwait

The Embassy has seen numerous complaints from Indian community in Kuwait about SMS charge of Kuwaiti Dinar 0.400 by M/s Cox & Kings Services (CKGS) Kuwait, the outsourced agency of the Embassy for passport and visa services, from applicants seeking passports or visa services.

2.      The SMS charge (under Value Added Service category) of KD 0.400 has been discontinued with immediate effect. Applicants are hereby advised that they should not pay any SMS charge to M/s CKGS, Kuwait. It may be noted that the Embassy is issuing Indian passports on the same working day of receipt of applications from the above agency in Kuwait. Therefore, applicants should normally get their passports on the third (or latest fourth) working day from CKGS, Kuwait. Similarly, all visas are issued on the same working day on receipt of visa applications from the above agency. The visa applicants should get their visas on the third working day from the above agency.  In any case, there is a provision to check the status through on-line Tracking system provided by CKGS, Kuwait at free of cost.

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Visa Services At CKGS Jleeb Al Showaikh (Abbasiya) Centre

Starting of Visa Services At CKGS Jleeb Al Showaikh (Abbasiya) Centre

 

The Embassy is pleased to announce that with effect from 28 September, 2015, Indian Passport and Visa Service Center, M/s Cox & Kings Services (CKGS), Kuwait will be providing visa services to Kuwaiti nationals and expatriates in Kuwait at Jleeb Al Showaikh (Abbasiya) 2nd Floor, Jleeb Al Shuyoukh Block 1,Street 1, Xcite Building, Kuwait, in addition to the present passport services. The above centre functions from 8 AM - 12 noon and then from 4 PM - 8 PM on all working days and from 4 PM to 8 PM during closed holidays on Fridays and Saturdays.

 

2.       There has been an appreciable increase in issue of visas by the Indian Embassy in last two years. The Embassy has further simplified its visa procedures and has been issuing 5-year and 1-year business visa (multiple entry) and 6- month tourist visa (multiple entry) to Kuwaiti nationals (as well as foreign nationals resident in Kuwait). All those travelling to India regularly are advised to apply for tourist visa (6 month multiple entry) or long-term business visa (5 year or 1-year multiple entry).

 

3.       The visa work of the Embassy has been outsourced to M/s CKGS, Kuwait and applicants can visit Passport and Visa Centres of CKGS in (a) Indian Visa and Passport Application Centre, 17th Floor, Behbahani Building, Sharq, Kuwait : Tel. No. 22440392 (e- mail: This email address is being protected from spambots. You need JavaScript enabled to view it.)or ; (b) Indian Visa and Passport Application Centre, Complex Kais Alghanim, 4th Floor, Mecca Street, in front of Annod Complex, Fahaheel, Kuwait: Tel. No. 22909229 ( e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.). (c) Jleeb Al Showaikh (Abbasiya)  2nd Floor,Jleeb Al Shuyoukh Block 1,Street 1, Xcite building, Kuwait Tel. No. 24342428) ( e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.). The website of CKGS, Kuwait is http://www.kw.ckgs.in/

 

4.       In emergency cases, the Embassy will accept the visa applications directly at its Visa Wing from applicants.  Applicants may also call the Embassy for any visa related query at Tel. No. 22530600 Extn. 279 or call Mr. K.K. Pahel, First Secretary (Consular) at Mobile No. 97229948.

Punjab is hosting the Second Progressive Punjab Investors Summit

Punjab  is hosting the Second Progressive Punjab Investors Summit

The Government of the State of Punjab (India) is hosting the Second Progressive Punjab Investors Summit at Indian School of Business, SAS Nagar, Mohali on 28--29 October 2015. This summit will focus on Agro and Food Processing, Life Sciences, Healthcare, Manufacturing, Education, IT, Renewable Energy and Tourism. In its efforts to attract investment, the Government of Punjab has taken rapid strides in improving infrastructure, up-skilling workforce and sector specific initiatives. A single window clearance system-INVEST PUNJAB- has been created for all regulatory and fiscal incentive related approvals.

            All those who are interested may please browse www.progressivepunjab.gov.infor the complete details including process of registration.

Phasing out of Hand-Written Passports

Phasing out of Hand-Written Passports

 

All Indian nationals residing in Kuwait holding hand written passports are advised to apply for urgent re-issuance of new passports  in lieu of   handwritten passports under the following circumstances:-


(a) The International Civil Aviation Organisation (ICAO) has set a deadline of the 24 November 2015 for globally phasing out of all non-Machine Readable Passports (MRPs). From 25th  November 2015 onwards, foreign Governments may deny Visa or entry to any person travelling on a non-Machine Readable Passport.

(b) The Government of India has been issuing Machine Readable Passports since 2001. The Passports, however, issued before 2001 and particularly those issued during mid 1990s with a validity of 20 years will fall in the category of non-MRPs. All handwritten passports with pasted photographs are also considered non-MRPs.
(c) Indians living in Kuwait holding handwritten passports as explained in Para(b) above, with validity beyond 24th  November 2015 are advised to apply urgently for re-issue of their passports well before the deadline in order to avoid any inconvenience in obtaining valid visa for international travel. 

(c) For more details related to passport services, visit the website – http://www.indembkwt.org/Pages/Passport.aspx- or call Mr. Thomas Joseph, Attache(Consular) at Mob: 97229946 or Mr. K.K. Pahel, First Secretary(Consular) at Mob: 97229948. 

 

 

Indian Industry to showcase its mettle at “BIG 5 Kuwait”

Indian Industry to showcase its mettle at “BIG 5 Kuwait”

14-16 September 2015

The Confederation of Indian Industry (CII), New Delhi with the support of the Ministry of Commerce and Industry, Government of India, New Delhi is organizing an “INDIA PAVILION” at ‘THE BIG 5 Kuwait’, an International Construction Technology & Building Materials Trade Exhibition, being held at the Kuwait International Fair Ground (Hall 6), Mishref, Kuwait from 14-16 September 2015.

2.         Kuwait’s Development Plan (2015-2020) envisages diversifying its economy away from oil and increasing investment in sectors such as real estate, construction of new cities, hospitals, housing units, infrastructure, roads, airports, metro and railway projects, power and transmission, petrochemicals, gas processing and pipelines among others. This represents a major opportunity for Indian companies to step up its bilateral economic relations with Kuwait.   Total bilateral trade between India and Kuwait during the Financial Year 2014-15 was US$ 14.58 billion.  Out of this, India’s import of POL from Kuwait amounted to US$ 12.22 billion, while non-oil bilateral trade was a little over US$ 2 billion. As there is a need to deepen and widen the trade basket between our two countries, “India Pavilion” at “The BIG 5 Kuwait will provide an excellent platform for networking and one-to-one business meetings with potential customers.

3.         50 leading companies from India are expected to participate in the India Pavilion. These companies will showcase a wide range of products including building material & construction equipment; bathrooms, kitchens & sanitaryware; marble, ceramic & stone; metal, steel & aluminum; concrete & related products; construction tools; conveying systems; decorative products; electrical systems; facilities management services; finishes (coating, painting, gypsum, tiling); fire suppression & protection; glass & glazing; HVAC; landscaping products & services; building services; communications; pipelines; plumbing  & water technology; PMV & related products; safety & security equipment; scaffolding; software & IT; special construction (swimming pools, fountain); thermal moisture, protection & insulation; windows, doors & cladding; wood, plastic & composite, etc.

For NRI's - National Voters Service Portal Created

National Voters Service Portal Created for NRI's

The Election Commission of India (ECI) is examining the feasibility of extending voting rights to overseas Indians through E-postal ballot or proxy voting. Meanwhile, the measures are also being taken under ECI’s Systematic Voters Education and Electoral Participation (SVEEP) programme to reach out to the Non-Resident Indians to facilitate their registration in the electoral roll.

 

2.         The National Voters Service Portal (NVSP) has recently been launched for Indian nationals to provide online registration facility, besides all other services related to electoral registration such as correcting entries, change in address, searching names on electoral roll. The link to this portal is http://www.nvsp.in which will enable the Non-Resident Indians (NRIs) to enroll themselves.

 

Opportunity for Members of Indian Community to visit the ships

Visit of two Indian Naval Ships
Naval Ships
Name of the  School :         
Sl. No. Name (as in civil ID) Nationality Civil ID No. Phone No.  
1          
2          
3          
4          
5          
6          
7          
8          
9          
10          
11          
12          
13          
14          
15          
16          
17          
18          
19          
20          
           
  Teacher        
1          
2          
           
  Details of Driver along with copie of civil ID & driving licence    
           
  Name of driver        
1          
           
           
  Details of the Bus Bus No.      
1          

Name of the  Association :     
Sl. No. Name (as in civil ID) Nationality Civil ID No. Phone No.
1        
2        
  Additional Names       
1        
2        
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Services Rendered Under ICWF

Services Rendered Under ICWF

Since 2009, the Embassy has set-up an Indian Community Welfare Fund (ICWF) to provide assistance to Indian community, on a means tested basis in most deserving cases. Following services are rendered under ICWF:

(i) Boarding and lodging for distressed overseas Indian workers in Household / domestic sectors and unskilled workers; (ii) extending emergency medical care to the overseas Indians in need; (iii) providing air passage to stranded overseas Indians in need;(iv)providing initial legal assistance to the overseas Indians in deserving cases, and; (v)incurring expenditure on incidentals and for airlifting the mortal remains to India or local cremation/burial of the deceased overseas Indian in such cases where a sponsor is unable or unwilling to do so as per the contract and the family is unable to meet the cost.

2.     The Embassy has been utilizing the funds under ICWF for providing required assistance to distressed Indian workers as per guidelines prescribed. The details of amount spent from ICWF and the total number of beneficiaries and cases of transportation of mortal remains assisted from 2009 till July 2015 are given below for information.

 

 

ICWF expenditure

(January 2009 – July 2015)

 

Year

Total amount of money spent

(Indian Rupees)

Total number of persons who benefited from ICWF

Cases of Transportation of Mortal Remains under ICWF

 

2009

83,54,000

772

46

2010

35,02,000

653

43

2011

77,63,000

1,078

45

2012

65,43,000

1,037

32

2013

90,37,000

790

24

2014

90,94,000

1,141

29

Jan-July 2015

31,03,000

443

19

 

Total

 

4,73,96,000

 

5,914

 

238

 

 

National Pension System (NPS) for Non Resident Indians

National Pension System (NPS) for Non Resident Indians

The Government of India has launched the National Pension System (NPS) for the benefit of 10 million Non-Resident Indians (NRIs) so as to provide old age security to Indians, both in India and abroad. A copy of Embassy’s press release on 9 April 2015 is enclosed for ready reference. Recently, in this regard, Pension Fund Regulatory and Development Authority (PFRDA) held a conference on NPS for NRIs at New Delhi, where based on discussions with the various stakeholders, following steps towards making NPS available to NRIs were taken.

a. Upload of the FAQs specific to NPS for NRI segment.

b. Simplification of the application form of NPS for NRIs and its upload on our website.

c. Streamlining the distribution channel for operationalizing the scheme through the Bank branches doing/ authorized to do NRI business.

d. Developing specific communication strategy for promoting the scheme.

e. Information emailers to various non-resident Indian associations.

 

The details of NPS for NRIs are enclosed (which includes eligibility, source of contribution, contributions in NPS, salient features of Investment choices, Salient Features of Fund Management Schemes, Exit & Withdrawal Rules, 7-step Registration procedure, etc.). For any clarification/ further details, please contact Mrs. Mamta Rohit, Chief General Manager, PFRDA e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.; (ii) Mr. Akhilesh Kumar, Deputy General Manager, PFRDA, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.; (iii) Mrs. Sumeet Kaur Kapoor, General Manager, PFRDA, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.; telephone: +91-11-26897937. Details on the NPS are also available on PFRDA’s website: www.pfrda.org.in.

The Embassy requests all the Presidents and Secretaries of the Associations to disseminate the information amongst all the members of the associations/communities and bring awareness with wide publicity about NPS for NRIs.

 

National Pension System (NPS) for Non Resident Indians (NRIs)

 

The Government of India has launched the National Pension System (NPS) for the benefit of 10 million Non-Resident Indians (NRIs) so as to provide old age security to Indians, both in India and abroad.

While most NRIs remit a large part of their earnings to India, in the form of bank deposits, share investments, real estate acquisitions etc., unfortunately very little is saved for old age financial security. It is in this context that the National Pension System (NPS) has been launched by the Government of India (GOI) and supervised by the Pension Fund Regulatory and Development Authority (PFRDA), New Delhi.

Although NPS was initially launched for government and semi-government employees w.e.f. 1 January 2004, it has now been made available to every Indian citizen from May 2009 on a voluntary basis. The scheme is open to all citizens of India, whether resident or non-resident between 18-60 years of age. Till 31 March 2015, the NPS had a total of 8.5 million subscribers and manages around Rs. 80,000 crore of funds.

The NPS is a well regulated and transparent scheme. It is portable across geographies and employments. It being technology driven, subscribers can view their accounts online. It has laid down prudent investing norms for the fund managers, and their performance and portfolios are regularly monitored by the NPS Trust and under the overall supervision of the PFRDA, the statutory regulator. The scheme offers complete flexibility to investors in terms of choice of investment mix. The investor decides the percentage of the corpus that goes into equities, corporate bonds and government securities, with the only limitation being that there is a 50% cap on the exposure to equities. Hailed as one of the lowest cost pension products in the world, its returns have generally outperformed the market. The returns under the Citizen scheme, which would be applicable to NRIs, are given below:

Returns on Annual compounding basis on the various schemes
under NPS since inception 

 

Compound Annual Growth Rate
(Since inception)

Scheme

For the period ending 31.03.2014

For the period ending 30.09.2014

E (Equity)

9.20%

12.84%

C (Corporate Debt)

10.53%

10.84%

G (Govt. Securities)

7.93%

8.79%

Pvt. Sector Overall (Weighted Average)

7.67%

9.15%



For more details on the NPS, Mrs. Sumeet Kaur Kapoor, General Manager, Pension Fund Regulatory and Development Authority (PFRDA), New Delhi can be contacted either by e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it. or by telephone at +91-11-26897937. Details on the NPS are also available on PFRDA’s website: www.pfrda.org.in.
 

 

Swami Vivekananda’s teachings website

 
Swami Vivekananda was among the first Indian leader in pre-independence era who realised that the real solution to the problems in India lay in the eradication of poverty. Swami Vivekananda has inspired many persons over the last 150 years, including personalities like Prime Minister Narendra Modi and Anna Hazare who have been influenced by his teachings and vision of life.
2.    The impact of Swami Vivekananda’s teachings and belief about his vision for India can be seen at www.nationalyouthday.com. This website currently features an inspiring video about Swami Vivekananda which has been screened at various events. All those who are inspired by Swami Vivekananda can download the forms from the above website and share the same with This email address is being protected from spambots. You need JavaScript enabled to view it..    
 
 
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KDFC Kuwait
 
 vasantha bhavan
  
Raghavendra Matriculation School