BWF hosts seminar on ‘Global Economy and Repercussions on NRIs’

Media Release
March 3, 2018

Abu Dhabi: The Bearys Welfare Forum-Abu Dhabi, recently organized a seminar on Global Economy and Repercussions on NRIs focusing mainly on Gulf Kannadigas at Grand Continental Hotel, here. Several prominent NRI personalities from various fields attended the seminar.

Saif Sultan of Hope Foundation was the resource person. Advocate Saaduddin Salih, Altaf Kateeb and Rafeq Ahmed of Sahibaan, Mohammed Hakeem of KCF, Abdul Salam Deralkatte, ICC, were guests of honor.

Abdulla Madumoole, General Secretary, BWF, delivered the introductory speech. Comparing the repercussions of the Great Depression of 1930 with that of the repercussions on the world economy after the Great Recession of 2008, he some rulers like Hitler had manipulated the hardship of people into their own advantage by exploiting the nationalistic emotions in the 30s and a similar atmosphere prevails world over now and people are vulnerable again to an emotional nationalistic blackmail.

Governments in UAE and world over spent on infrastructure projects to overcome the financial crisis exactly how America did in 30s. Though the economy of UAE has stabilized, unfortunately NRIs have been losing jobs. To discuss various issues relating to NRIs and make the people aware of investment opportunities and financial facilities available to them back in India, BWF organized this seminar “Global Economy and Repercussions on NRIs”.

Mohammed Ali Uchil, President, BWF, in his welcome address put a few words on ‘major challenges for NRIs to get adjusted in Indian conditions’. NRIs who have worked in high position in foreign countries may face problem in adjusting in India, he said adding that the big concern for NRIs is their kids who may find sudden change in their lifestyle for which they are not prepared. 

“The kids of NIRs face problems in adjusting in Indian schools. They may face problem in interaction with their pear group who may like to converse in the local language while they prefer talking in English. NRI kids have to struggle adjusting with Indian lifestyle. There are vast difference in values and habits of NRI kids and Indian children. It is observed that NRIs who are thinking of returning back must fully understand the living conditions of India before they take such a step. There are various issues that they have to be tackled while living in India and they must be aware of them.  The main hurdles may include cultural, logistical and economic etc. Rebuilding healthy relationship with their relatives, friends and others will also be a challenge. They have to follow all customs and traditions and participate in cultural and religious festivals. NRIs placed at high position in companies abroad are accustomed to a certain lifestyle. Their lifestyle in foreign countries is completely different and they may find living conditions in India a big problem. They may have to face problems like hygiene, and other such life style related issues,” he said.

He thanked BWF-executive committee members for their hard work, dedication and effort to organize the function and bring in to its complete success and spirit. “It’s an incredible achievement for BWF, which managed to accomplish so many tasks to its utmost goal set, and God willing all of its project will be a complete success.”

Saif Sultan  is a certified NLP practitioner. He has, in his 15 years training carrier, worked at Sharjah Islamic bank as a trainer in Islamic banking. Has has trained more than 1,100 managers of MNCs in Management skills in India, UAE, Malaysia, Qatar, Philippines & USA.

He has trained school Management, teachers and students on various topics in India, Malaysia, UAE & Qatar. Also the founder of HOPE foundation in India.

He  delivered an uninterrupted talk for 2 hours touching all points of the topic "Global Economy And Repercussions on NRIs". He enlightened the audience with his highly motivational and educative talk, which applauded by the all the audience. A question and answer session on the topic got tremendous response.

Rafeeq Krishnapur, Vice President along with Jaleel Gurpur and Imran Ahmed compered the program. BWF felicitated Saif Sultan and Advocate Saaduddin Salih. Abdul Ravoof, Vice President, BWF proposed the vote of thanks. Programme started with recitation of Quranic verses by Abdul Rasheed V.K.

The programme was coordinated by Hamza Abdul Khader , Mohamed Kallapu and Nawaj Uchil. Mohd Siddik Kaup, Treasurer, Abdul Majeed A.G. and Hameed Gurupur, Secretary. Mujeeb Uchil, Nazeer Ubar ,Siddik Uchil, Basheer Bajpe, Haneef Ullal,  Mohideen Handel, Majeed Athoor, Irfan Ahmed, Rasheed Bijai, Rasheed V.K, Altaf takreer, Basheer Uchil, Imran along with other BWF youth volunteers  were instrumental in the success of the programme. 

Comments

Salam Bava
 - 
Sunday, 4 Mar 2018

super programe.Saif bhai,Saaduddin Saab spoke length and wedth of community development.I am overwhelmed by Civil service coaching-Ace acadamy.

 

Thanks to Ali uchil & BWF team for conducting this seminar.Let this kind of seminar to continue instaed of

non purpose programes

khaleel Ibrahim
 - 
Sunday, 4 Mar 2018

Kudos to BWF-for arranging this beautiful program.Thank you Saif Bhai for the enlightening talk, indeed it was very educative. You are an asset to our society.

Nagarika
 - 
Sunday, 4 Mar 2018

An inspiring msg delivered by Mr. Saif Sultan. He is not just socialist but well versed trainer. In the begening of programe Mr. Saif has said that there are three intention to attend this prograte from all you audiance 1. Jsut like that, 2. To make happier of BWF committee & 3. Everyone is going so let me go. But in fact I am one of the above intention but after attending it really made my day. Wonderful programe and very useful and touching informaiton i received. thank you Saif and BWF and wish to have more such events from both.  

Jawed Sheikh
 - 
Sunday, 4 Mar 2018

Nice program,keep this spirit-BWF,Well organized

Altaf Ahmed
 - 
Sunday, 4 Mar 2018

Masha Allah,very informative seminar.Saif Sultan in his best-thanks to BWF for arranging a thought provoking  talk show.Uchil Saab and Abdulla given us very useful tips.worth attending

 

Saleem
 - 
Sunday, 4 Mar 2018

Masha Allah good gathering.

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News Network
April 15,2020

Bengaluru, Apr 15: As many as 17 new positive cases of COVID-19 have been reported in Karnataka, taking the total number of cases in the state to 277, including 75 discharged and 11 deaths, the state government said on Wednesday.

Of the 17 new cases, nine are workers of a pharmaceutical company in Mysuru, the government stated.

Meanwhile, a 65-year-old from Chikkaballapur, who had tested positive for COVID-19, lost his life on Wednesday.

"He was referred to a Bengaluru hospital with complaints of H1N1 positive, Chronic Obstructive Pulmonary Disease with obstructive sleep apnea and a past history of diabetes and hypertension," the government stated.

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News Network
April 12,2020

Mangaluru, Apr 12: A 10-month-old baby who tested COVID-19 positive on March 27 completed treatment and discharged from hospital on Saturday.

He was the youngest positive case in Karnataka, from Sajipanadu village in Bantwal taluk.

The child had been with his mother to a relative's house at Monetepadau village, situated on the Karnataka-Kerala border in the first week of March.

A few days later the child developed an acute respiratory illness and tested positive for the COVID-19 virus.

Treating the breastfeeding child was challenging for doctors as he had to be isolated. A team of doctors from Wenlock Hospital took up this challenge and successfully cured the baby.

Test reports on his mother and grandmother too have returned negative. They too had been under quarantine and were discharged with the baby.

Another positive development was that no COVID-19 case has been reported from the child's village.  

The entire Sajipanadu village was completely sealed after the child tested positive and the district had provided all the necessary supplies to the villagers.

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News Network
June 6,2020

Jun 6: Private sector lender Karnataka Bank has reported to the RBI that it has been defrauded of over Rs 285 crore consequent to loans gone bad to four entities including DHFL.

A total of Rs 285.52 crore has been reported as fraud wherein the bank was one of the consortium lenders during 2009 to 2014 to Dewan Housing Finance Corporation Ltd (DHFL), Religare Finvest, Fedders Electric and Engineering Ltd and Leel Electricals Ltd, Karnataka Bank said in a regulatory filing on Friday.

The maximum is owed by DHFL at Rs 180.13 crore, followed by Religare Finvest Rs 43.44 crore, Fedders Electric Rs 41.30 crore and Leel Electricals Rs 20.65 crore.

"DHFL (defaulted entity) dealing with us since 2014 had availed various credit facilities under consortium arrangement wherein, we were one of the member banks. In view of Early Warning Signals (EWS) in the conduct of the account and other developments, the account was red flagged on November 11, 2019.

"The borrowing account was classified as Non-Performing Asset on October 30, 2019 and now, for misappropriation & criminal breach of trust & diversion of funds in the credit facilities extended earlier to the company, a fraud amounting Rs 180.13 crore has been reported to RBI," Karnataka Bank said.

Likewise, Religare Finvest Ltd (RFL) was dealing with the bank since 2014, availing various credit facilities.

Following classification of this account as non-performing in October 2019 by a consortium member, Karnataka Bank reported to RBI a fraud amounting to Rs 43.44 crore in the credit facilities extended earlier, on account of diversion of funds.

Leel Electricals was classified as NPA account in March 2019 and it reported to RBI a fraud amounting to Rs 20.65 crore in the credit facilities to the company on account of diversion of funds.

"In all the referred three non-performing accounts, necessary provisions have been made in full to be spread across four quarters," it said.

Fedders Electric and Engineering Limited was reported as NPA in July 2018 by a member bank in consortium, subsequent to which Karnataka Bank reported fraud of Rs 41.30 crore on account of fund diversion.

The account has already been fully provided for, it added.

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