Saturday, July 07, 2012

An urgent appeal

 Woman Needs Help to Survive
Ludhiana, 7th July, 2012 (Shalu Arora and Rector Kathuria) Mrs. Sosan Daniel from Ludhiana is in a difficult situation. Sosan Daniel (Hospital Unit No. C-7171827) is a 60 years old lady.  She has been hospitalized since 2-6-2012 with a diagnosis of Diabetes mellitus type 2, Diabetic nephropathy, CKD- stage V, systemic hypertension and obstructive sleep apnoea. She requires respiratory support for her OSA and has been advised dialysis which has been deferred due to financial constraints.
The patient is poor, her outstanding bill is nearly Rs. 1 lakh and her daily expenses is approximately Rs. 5000/-per day. The cost of initiating hemodialysis is Rs. 10000/- for three consecutive sessions and maintenance hemodialysis for a period of 1 month is approximately 25000/-. She requires prolonged hospital stay and her family is desperately in need of financial support for continuation of treatment.For further details Please Contact Dr.Navjot Singh- 9815543708

India’s Informal Economy and Foreign Investment

In India, growth in informal sector is much higher
Amanpreet Singh Chhina                                                                            06 July 2012 
Oxford: Depreciating value of Indian rupee has raised enthusiasm among foreign investors/NRIs to invest in India; however, without seriously analysing the fact that 80 percent businesses in India are based in informal economy and huge amount of black money is involved in the real estate and private sector. Generally, the purchase of any property in India involves 60 to 70 percent of black money and therefore the seller faces many obstacles to bring that investment back to the foreign country. “Many foreign investors are facing money laundering inquires by the investigating officers in foreign countries” said Makhan Singh (NRI), Solicitor Advocate of England and Wales.
In India, growth in informal sector is much higher than formal sector and even the Prime Minister of India is not sure about the actual GDP of the country. It is estimated that illegal transactions in the property sector alone generate about Rs. 2,000 crores of black money in a year in India, assuming that there are about fifty lakh transactions in urban property every year. Necessary steps should be taken by the Government of India to match government value of the property with fair market value to clamp down black money and money laundering in the country. It must be remembered that a simple ‘Welcome Back’ slogan by the Prime Minister of India will not attract back Indian professionals and investors unless a corruption free infrastructure and business environment (single-window clearance) is provided. GOI should develop policies to combat money laundering and black money issues so that foreign investor or NRI’s can invest in India.

A S Chhina on FDI
 India’s Informal Economy and Foreign Investment