Business Standard
Wednesday, Feb 15, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

Govt to protect expatriates from meltdown: Ansari
Richa Tyagi / PTI / Kuwait City Apr 07, 2009, 16:02 IST

Hamid AnsariWith the global financial crisis affecting Indians in the Gulf region, Vice President Hamid Ansari has said the Government was mulling steps to ensure the welfare of expatriates reeling under the meltdown.  

Addressing a gathering of Indian community in Kuwait, the Vice President, the first top Indian leader to visit the Gulf country in 28 years, said India's "innate" caution has saved it from the worst effects of the economic meltdown.  

"The good thing, as Indians, is because of the innate caution for which we were blamed has saved our country from the worst consequences of meltdown.  It has affected us in some measure but by no means as it has affected others. Our growth rate which was 9 per cent will now be 5.56 per cent," Ansari said, pointing that though it is not good but it is better than what other countries may achieve.  

"Some people here are affected, some people in the Gulf are affected. These are the matters on which the government is thinking because the welfare of Indians is the primary responsibility of the government of the country," he said at the reception last night hosted by the six-lakh strong Indian community, the largest expatriate group in Kuwait.

 Click here for Cloud Computing
 
Noting that welfare of India and the gulf region was interlinked, Ansari said "we have a joint interest to make sure that we live in surroundings that are peaceful and productive. If the neighbourhood is dis-turned we are disturbed."  

With the world virtually turning into a global village, "the only answer... Is for the countries to live together, in cooperation and contribute to each other's well being and prosperity. No two countries are better placed than India and Kuwait".  

More so, as Kuwait is in "our extended neighbourhood" and part of a wider grouping GCC countries and we have each one of them excellent relations - political, commercial and economic, he said.  

Praising the Indian community in Kuwait , Ansari said "it is a micro-cosm of India reflective of India's diversity and talents that we as a people produce and of which we all are proud."  

Indians living in Gulf had remitted $27 billion in 2007 to make India the top receiver of migrant remittances.  

Ansari said his interaction with Kuwaiti leadership convinced him of "genuine warmth of feeling that the they entertains towards India and Indians".  

Pointing to the process of of Lok Sabha elections, Ansari said "its not important who wins or who loses. What is important is every five years and so we have managed to do this exercise again and again peacefully and successfully".

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end higher led by rate sensitives
- New rules to seize property of corrupt babus
- BSES gets Rs 5,000-cr IDBI Bank loan to pay dues
- Reliance MediaWorks Q3 net loss at Rs 151 cr
- Investor wealth grows by Rs 10 lakh cr in 2012 rally
  Read Business news in 
- Now property search gets more exciting than ever before!
- High Growth Business Opportunities in Africa - Register to explore
- We live for our family. have you secured them?
- Office 365 for professionals and small businesses.
- Financial Learning now made easier and more convenient.
- Earn fuel worth Rs.2400 with Citi
- India's No. 1 Property Site. Click here to know more..
- Get 5% cashback on telephone bills with Citi
- Enjoy the journey as much as the destination. click to know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Be part of it The World's Largest Aircraft.
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
- Health is Wealth..... Insurance + Savings... Know More...
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- BSE Q3 net dips 23% on market making spends
- Shyam Saran: Changing climates of governance
- Campaigning for Mumbai civic elections ends
- Subir Roy: Creating affordable urban capacity
- M J Antony: Reluctant respondents
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
  Hot Searches  
 
Ambassador car |  Uttarakhand |  TCS |  Sarfaesi Act |  Vodafone |  DZire |  Aakash tablet |  Sodexo |  NHAI |  Companies Bill 2011 |  Playbook |  Rupee |  Samsung Galaxy Note |  Kingfisher Airlines |  FDI in retail |  Silver |  Provident Fund |  income tax refund |  Anna Hazare |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  TCS |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us