India’s Prime Minister Manmohan Singh made news this week with the announcement of a new state pension and life insurance scheme designed to cover the country’s large expatriate workforce. The move looks to fulfill a long-standing demand of the prolific non-resident Indian diaspora and could encourage the country’s millions of overseas workers, especially the many now working in the Gulf states, to invest back in their home country and save money for their future.
Dr Singh laid out the details of the government’s new Pension and Life Insurance Fund (PLIF) in his inaugural address at the tenth Pravasi Bharatiya Diwas in Jaipur on Sunday. The Pravasi Bharatiya Diwas, or non-resident Indian day, is an annual event that recognizes the sizeable contribution made by the overseas Indian community to the continued development of their home country. The 1,9
Hotels will sometimes overbook their rooms. Similar to the airlines, they are counting on at least a few people having to cancel or failing to show up, but for frequent travelers or travelers on a holiday, the practice can be disastrous.
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