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Old July 13th, 2012, 12:27 AM   #101
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Originally Posted by DileepKS View Post
OK. The 2012 slide says:

Kochi: 15th. Was 14th in 2011 and 16th in 2010
Trivandrum: 19th. Was 17th in 2011 and Was 29th in 2010.
Kozhikode: 20th. Was 21st in 2011 and Was 33rd in 2010. Great going!!!
I think Gurgaon and Noida should be considered part of Delhi.

In that case, Kochi: 13th
Tvpm: 17th
Kozhikode: 18th
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Old July 14th, 2012, 08:01 AM   #102
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Gurgaon and noida are definitely to be considered parts of delhi....
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Old July 16th, 2012, 03:45 AM   #103
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How do NRIs spent their money

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Old July 16th, 2012, 06:03 AM   #104
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Old July 17th, 2012, 05:33 AM   #105
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Banana crisis hits Kerala
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By Sanu George

Thiruvananthapuram, (IANS) Bananas are known as the poor man’s fruit, and poor or not every Keralite’s daily fare includes banana as an inseparable part. But in the last two weeks, prices of the fruit have shot up so much that it has created a crisis of sorts. Even the well-off find it expensive.

The small bananas in the state are available in three varieties — Palayamthodan, Njalipoovan and Poovan — and prices of all three have skyrocketed.

Palayamthodan is now selling at Rs.28 per kg when a month ago it was available for Rs.15 per kg.

Likewise, Njalipoovan now costs Rs.42 per kg, having risen by Rs.15, and Poovan sells for Rs.48 per kg, up from Rs.35 a kg.

The small banana is a sought after fruit since people in Kerala like to have it after a heavy lunch or dinner. It is also considered an effective laxative.

But what has hit people the most is the sharp increase in the price of Ethan banana. It is popular in every Kerala household as breakfast where it is eaten steamed and as a snack in roadside eateries, tea shops and hotels where it is served fried.

Ethan is selling for over Rs.50 per kg, a jump of Rs.15.

Only the price of the green Robusta banana has gone up marginally. It is available for Rs.28 per kg.

Soman Nair, a banana wholesaler for five decades here, said he had never seen such a steep price rise in the past.

“The reason being given is that the wind that came with the monsoon rain had badly hit banana farmers in Tamil Nadu. Close to 70 percent of the bananas sold in Kerala come from there,” he said.

Also, the prices of bananas usually go up ahead of the Onam season(from the last week of August) since the fruit is used to make payasam, sweets and banana chips.

Incidentally, the Kerala government figures show that banana is the only crop to have made a considerable gain in cultivation area in the state. It grew from 51,275 hectares in 2009-10 to 58,671 hectares in 2010-11.

“The banana has always been part of our everyday family menu as long as I can remember. I normally have one in the morning and one in the evening. For the snack, it comes as a fried dish. But ever since prices have been going up, we are buying a kilogram of bananas every other day,” said a retired teacher.

With the annual Onam festival season round the corner and sensing that people’s anger will go up if the prices of banana continue to remain high, the Kerala Horticultural Development Corporation has stepped in to ease the situation.

“We have started an aggressive banana procurement programme from cultivation centres in some districts,” said Lal V. Kalpakavadi, the corporation’s chairman.

“In Attapadi in Palakad district, we have been told that there is no one to procure the bananas from the farmers. We, along with the other state agencies, have taken this up on war footing,” the official said.
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Old July 17th, 2012, 01:55 PM   #106
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NRK remittance in 2011: 31.2% of Kerala GDP

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Thiruvananthapuram: It is nothing new for the state to witness remittance from Keralites working abroad to account for a significant portion of its GDP. In 2011, at Rs 49,965 crore, it touched an all-time high of 31.2 per cent of the state GDP, according to a recent report on Kerala Migration Survey, prepared by Centre For Development Studies (CDS), for Department of Non-resident Keralites Affairs (NORKA) and Ministry of Overseas Indian Affairs. In 2011, there were 34,30,889 NRKs, up from 33,50,538 in 2008.

Most macroeconomic indicators show that NRK remittances in 2011 played a significant part in the economy of the state. “NRK remittances were 1.6 times the revenue receipt (Rs 31,181 crore), 6.2 times the money that the state got from the Centre (`7,982 crore) as revenue transfers and 2.2 times the entire government expenditure (Rs 22,546 crore). The remittances alone are sufficient to wipe out 60 per cent of state’s public debt (Rs 78,239 crore),” S Irudiya Rajan, chair professor, Ministry of Overseas Indian Affairs Research Unit on International Migration, Centre for Development Studies, told Express.

Malappuram topped in overall remittance with Rs 9,040 crore accounting for 18.2 per cent of the state’s total remittance. Close on heels were Ernakulam (12.3 per cent), Kannur (10.4 per cent) and Thiruvananthapuram (9.5 per cent).

In 2011, there were 34,30,889 Non-Resident Keralites, up from 33,50,538 in 2008.
Significantly, there has not been a spectacular growth in NRK remittances over the last three years when it went by only Rs 6,669 crore as against a spurt of Rs 24,831 crore in the preceding five-year period. “Only about 17.1 per cent households have received cash remittance in 2011. Surprising aspect of the situation is that the proportion of households that received cash remittance in 2011 was exactly same as in 2008 - 17.1 pc,” says the report.
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Old July 17th, 2012, 02:15 PM   #107
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Does the NRK remittances include direct investments? Like Lulu does? Or is it only include retail transfer? Any idea? Also. how is the district derived? By the address of the beneficiary, or by the forex branch of the bank?
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Old July 17th, 2012, 05:29 PM   #108
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THIS TO ALL INDIANS TAKING GOLD TO INDIA .

New air customs rule
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Old July 17th, 2012, 05:58 PM   #109
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I don't know whether Indian customs is making this stringent across all Airports of India or individual customs officials exploiting the old law at their whims....

This is because, recently, my sister travelled to Kochi with around 8 sovereigns of gold ornaments. I was bit worried as heard these kind of news in radio, but she said, the customs at CIAL never bothered even to ask..... I haven't any of my friends complaining the same at CIAL or Mumbai etc....

Anyways, its high time, the old laws must be changed according to new gold rates, as its never compatible to current scenario.....
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Old July 17th, 2012, 06:16 PM   #110
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Malappuram topped in overall remittance with Rs 9,040 crore accounting for 18.2 per cent of the state’s total remittance. Close on heels were Ernakulam (12.3 per cent), Kannur (10.4 per cent) and Thiruvananthapuram (9.5 per cent).
5000 crore remittance to Kannur. That is great.
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Kerala Real Estate Kannur Tourism Census India 2011
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Old July 18th, 2012, 06:09 AM   #111
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Does the NRK remittances include direct investments? Like Lulu does? Or is it only include retail transfer? Any idea? Also. how is the district derived? By the address of the beneficiary, or by the forex branch of the bank?
AFAIK, Direct investments doesn't figure in remittances. But 12.3% from Ernakulam is surprising. District must be derived from the branch of bank of remittance.
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Old July 18th, 2012, 06:16 AM   #112
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Quote:
Originally Posted by DileepKS View Post
Does the NRK remittances include direct investments? Like Lulu does? Or is it only include retail transfer? Any idea? Also. how is the district derived? By the address of the beneficiary, or by the forex branch of the bank?
From the information from Kerala migration survey, it includes household transfers (retail) + other transfers. Other transfers should be including investments from NRIs (like Yususf Ali) as well

As per the survey report, total remittances to the state is also estimated from the remittances to India based on some numeric techniques from BOP numbers from RBI/IMF, rather than tracking the destination bank/address etc.

More info can be found here:- http://www.cds.edu/admin/homeFiles/K...vey%202007.pdf

quoting relevant part below

Quote:
With the available data that give the annual total of workers remittances to India as a whole, there is no way of deriving the figures for individual states. Household surveys like the KMS, SMS or MMS are not designed to estimate the total amount of remittances to the state. What such surveys can do at best is to estimate the household remittances, that is, that part of the total remittances that is sent to households through different channels. But a good part of the remittances to the state comes through unspecified channels. Thus, to estimate the total remittances to the state, some approximate methods have to be devised.
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Old July 18th, 2012, 09:25 AM   #113
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How do NRIs spent their money

this report has realistic outlook.
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Old July 18th, 2012, 10:20 AM   #114
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5000 crore remittance to Kannur. That is great.
i do not understand why do we get excited seeing foreign remittance.it just shows the lack of industries and level of unemployment in Gods own Country.
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Old July 18th, 2012, 11:45 AM   #115
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i do not understand why do we get excited seeing foreign remittance.it just shows the lack of industries and level of unemployment in Gods own Country.
You mean this money is being kept in boxes? This is being used for various activities and generating lot of employment. You don't consider service sector as industry?
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Kerala Real Estate Kannur Tourism Census India 2011
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Old July 18th, 2012, 01:39 PM   #116
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You mean this money is being kept in boxes? This is being used for various activities and generating lot of employment. You don't consider service sector as industry?
Are you saying money generated in our own land will not drive the retail sector.if industries come and jobs are created i am sure it will boost our economy much better than gulf money.
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Old July 18th, 2012, 02:18 PM   #117
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Originally Posted by ak.army View Post
Are you saying money generated in our own land will not drive the retail sector.if industries come and jobs are created i am sure it will boost our economy much better than gulf money.
There is no point in overlooking the way which we came from.... We know, many industries were forced to close down in 70s, owing to labour activism as well as politics and socialist attitudes. We didn't sit like Biharis or Oriya, starving in poverty etc... Rather we got better option of raising a larger economy using remittances.

And it fuelled our economy and today Kerala is one of the largest service economy in our country. Our environment may not support heavy and polluting industries, unlike our neighbours like TN or Karnataka. We in terms of economic prosperity, we are inferior to none.... And now we are taking steps for establishing industries suitable for our terrain and socio-cultural-environmental scenario.

But why should we say remittances are bad? Many economies built up their modern economy, using money from abroad. Be it colonialism, remittances or middlemen economy, the concept were almost same....
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Old July 18th, 2012, 02:45 PM   #118
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Are you saying money generated in our own land will not drive the retail sector.if industries come and jobs are created i am sure it will boost our economy much better than gulf money.
Which are those industries which needs to "come" to Kerala? We don't have hundreds of acres of land to start factories. We are not in 19th centuary to believe that industries means factories.

Do you think NRI money is being used only in Retail sector? What about Banking, Automobile, Real Estate, Hotels, Shopping Malls, Movies, TV channels, Hospitals, Schools, Self-financed colleges, Airports and so many industries in Kerala where NRI money is invested? Aren't these industries generating jobs or do all of them use robots?

We can't suddenly discard the primary source of income of our state for last 2-3 decades. It is one major reason of prosperity which we see through out the state. Other states have only few metro cities. The rest of the state is poorer than Sub-saharan Africa. This is not the case in Kerala.

We don't have petroleum or other natural resources here. If you wan't to develop tourism it will be mostly NRIs who are going to start hotels and resorts. Even many of our home grown IT companies have NRI money invested in them. There is no chance of other types of industries coming to Kerala other than what we already have now. Remittance is a boon to our state. There is nothing to be ashamed of in it. Govt needs to assist NRIs for better investment and utilization of this money.
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Kerala Real Estate Kannur Tourism Census India 2011
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Old July 18th, 2012, 07:10 PM   #119
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+10000

A news related to this

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This may well be the beginning of the end for Kerala’s very special relationship with Gulf countries, where thousands of grocery and cafeteria assistants as also other menial workers invariably used to be from God’s Own Country. With most of the emigration centres in the state experiencing a slow but sure decline, it could be interpreted that the non-resident Keralite is coming of age as he is moving out of the unskilled category. Add to this the increasing competition from states like Uttar Pradesh and Bihar, where emigration of ECR passport holders is showing a steady rise and Kerala’s tryst with the Gulf countries may no longer be the unique model that it was all these years.

The Centre for Development Studies (CDS) report throws light on a few emerging factors contributing to this situation. These include increase in wages in Kerala compared to what the Gulf countries offer, a drying up of the supply line of young workers and increasing cost of emigration from Kerala. The number of emigrants from Thiruvananthapuram, Kollam, Pathanamthitta, Thrissur, and Palakkad districts was fewer in 2011 than in 2008. In seven out of the 14 districts, including Malappuram, the number of emigrants per household was fewer in 2011 than in 2008.

“The number of ECR passport holders from Kerala reached its maximum in 2008 at 21.3 per cent. It dropped to 16.1 per cent by 2010 and is likely to decline further,” said S Irudaya Rajan, chair professor, CDS. “The average wage among unskilled workers in Kerala has increased from Rs 150 to over Rs 450. There has been no corresponding rise in wages in the Gulf countries; in fact, it may have even decreased during the depression years,” Rajan said.
http://ibnlive.in.com/news/new-matri...40-62-126.html
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Old July 19th, 2012, 02:56 AM   #120
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ECR passports went down because the qualification is changed. When I got mine, had to give the degree certificate. Now it is 10th.
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