To help NRI's invest or sell real estate in South Delhi

09/10/2024

Brilliant!!

Letter from an Australian Citizen applying for renewal of his Passport ...

I think he might have been a little upset!

This is an actual letter sent to the DFAT (Department of Foreign Affairs and Trade) Immigration Minister. The Government tried desperately to censure the author, but got nowhere because every person who read it couldn’t stop laughing!

Dear Mr Minister,

I'm in the process of renewing my passport, and still cannot believe this.

How is it that K-Mart has my address and telephone number, and knows that I bought a television set, golf clubs, and condoms from them back in 1997, and yet the Federal Government is still asking me where I was born and on what date?

For Christ’s sake, do you guys do this by hand?

My birth date is in my Medicare information, and it is on all the income tax forms I've filed for the past 40 years.

It is also on my driver's license, the last eight passports I've ever had, and all those stupid customs declaration forms I've had to fill out before being allowed off planes over the past 30 years.

It's also on all those insufferable census forms that I've filled out every 5 years since 1966.

Also... would somebody please take note, once and for all, that my mother's name is Audrey, my father's name is Jack, and I'd be bloody astounded if that ever changed between now and when I drop dead !!!

S**T! What do you people do with all this information we must provide?

I apologize, Mr. Minister. But I'm pi**ed off this morning.

Between you and me, I've had enough of all this bu****it!

You send the application to my house and ask me for my bloody address!

What the hell is going on with your mob? Have you got a gang of mindless Neanderthal arseholes working there!

And another thing, look at my damn picture. Do I look like Bin Laden? I can't even grow a beard for God's sake. I just want to go to New Zealand and see my new granddaughter. (Yes, my son interbred with a Kiwi girl).

And would someone please tell me, why would you give a s**t whether or not I plan on visiting a farm in the next 15 days? In the unlikely event I ever got the urge to do something weird to a sheep or a horse, believe me, I'd sure as hell not want to tell anyone!

Well, I have to go now, 'cause I have to go to the other side of Sydney, and get another bloody copy of my birth certificate - and to part with another $80 for the privilege of accessing MY INFORMATION!

Would it be so complicated to have all the services in the same spot, to assist in the issuance of a new passport on the same day?

Nooooo, that'd be too bloody easy and makes far too much sense.

You would much prefer to have us running all over the bloody place like chickens with our heads cut off, and then having to find some 'high-society' wa**er to confirm that it's me in the goddamn photo! You know the photo... the one where we're not allowed to smile?...you bloody morons.

Signed - An Irate Australian Citizen.

P.S. Remember what I said above about the picture, and getting someone in 'high-society' to confirm that it's me?

Well, my family has been in this country since before 1820! In 1856, one of my forefathers took up arms with Peter Lalor. (You do remember the Eureka Stockade!)

I have also served in both the CMF and regular Army for something over 30 years (I went to Vietnam in 1967), and still have high-security clearances. I'm also a personal friend of the president of the RSL...Lt General Peter Cosgrove sends me a Christmas card each year.

However, your rules require that I have to get someone "important" to verify who I am; you know...someone like my doctor - WHO WAS BORN AND RAISED IN BLOODY PAKISTAN!...a country where they either assassinate or hang their ex-prime Ministers - and are suspended from

the Commonwealth and United Nations for not having the "right sort of government".

You are all pen-pushing paper-shuffling bloody idiots!

05/12/2024

Happy mother's day !

03/10/2024

Listen to this

This is the true story of a prominent psychiatrist, his young patient, and the past-life therapy that changed both their lives.

06/25/2012

In Europe's most economically stricken countries, people are taking their money out of their banks as a way to protect their savings from the continent's growing financial storm. Worried that their savings could be devalued, or that banks are on the verge of collapse and that governments cannot make good on deposit insurance, people in Greece, Spain and beyond are withdrawing euros by the billions - behavior that is magnifying their countries' financial stresses. The money is being hoarded at home or deposited in banks in more stable economies.

In Greece and Spain, two of the hardest-hit by the debt crisis in the 17 countries that use the euro, savers and businesses are already pulling money out of banks. They are either worried that their money could be converted into a new currency at a much lower rate. Well-heeled Spaniards have been moving money to Switzerland and the U.S. for months amid mounting worries about Spain and the safety of the euro zone. Since the Greek debt crisis broke in late 2009, deposits have fallen by 30 percent cent, as savers have slowly pulled some 72 billion Euros ($90.24 billion) from local lenders, with total household and corporate deposits standing at 165.9 billion Euros ($207.94 billion) in April, according to the latest data from the Bank of Greece.

In the UK, the euro zone crisis was seen as one factor pushing up central London house price, according to Knight Frank, a real estate agency dealing in high-end property. Many Italians - some of Europe's most devoted savers - are moving money. They are worried that their government will be the next to fall victim to the crisis through its heavy debt load. That's even though Italy's banks, government finances and economy are in better shape than Spain's.

12/30/2011

In its fight to lift the rupee, the Reserve Bank of India (RBI) late on Friday deregulated non-resident external (NRE) rupee deposits and ordinary non-resident (NRO) accounts, opening the gates to a flood of dollars.

While NRE deposits can be repatriated in dollars, NRO monies can’t, and are held in rupees in India.

The RBI said banks are free to determine the interest rates they offer on both savings deposits and term deposits.
So far, there was a ceiling on how much banks can pay on such deposits —London Inter-bank Bid Offer Rate plus 100 bps. This cap is gone now, but the RBI said banks can pay only interest rates comparable to local deposit rates.

Indians living abroad earn as low as half a percent — or even nothing in some geographies — for their savings account deposits. Some banks even charge to keep deposits.
Mohan Shenoi, group head-treasury, Kotak Mahindra Bank, called it a step in the right direction.

“NRI deposits were coming in when RBI was trying to prevent the appreciation of rupee, and therefore the regulation. Today, the rupee is depreciating. Hence, we want more capital to come into the market,” Shenoi said.

Other experts agreed the move will surely lead to more dollar inflows but said what may stop a flood is the rapid fall in the rupee.

Because of this, while investors get more rupees when they bring in their dollars, if the rupee continues to fall they get fewer dollars for their rupees while repatriating, lowering their profit.

This takes the edge off interest-rate arbitrage flows, said experts.
Incidentally, such arbitrage had led to a scam involving a prominent US bank in 1992 which cast a shadow on its India chief, who is involved with India’s information technology industry.

Meanwhile, the RBI said the revised deposit rates will apply only to fresh deposits and on renewal of maturing deposits. Further, banks should closely monitor their external liability arising on account of such deregulation and ensure asset-liability compatibility from systemic risk point of view.