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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coastaldigest.com news network
August 7,2020

Bengaluru, Aug 7: Dr Mohammed Yusuf, chairperson of the Karnataka State Board of Auqaf, passed away at a private hospital in the city today following a brief illness. He was 74.

Dr Yusuf was an industrialist and was known for his philanthropic activities. 

A veterinarian, Dr Yusuf had quit the government job and set up business in Bengaluru and Dubai decades ago and has earned considerable success.

He was re-elected as Board of Auqaf chief in January this year. He had held the post more than once in the past. 

He will be buried at the graveyard near Masjid-e-Muzammil which was built by himself at Govindapura, source said.

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News Network
April 21,2020

Global oil markets remained under intense pressure on Tuesday, with Brent crude dropping below $20 per barrel for the first time in 18 years while other major benchmarks across the world tumbled. 

Brent, the international crude marker, slipped to $18.10, indicating that markets see no immediate let-up to the collapse in oil demand that sent some US oil benchmarks plunging under $0 for the first time on Monday, leaving producers paying for buyers to take their oil away while available storage is scarce.

Coronavirus has sent the oil sector into a state of crisis, with lockdowns implemented by authorities to smother the outbreak slashing demand for crude by as much as a third.

Contracts for the US benchmark West Texas Intermediate for delivery next month tumbled as low as minus $40 a barrel on Monday. Analysts at Citi warned that “if global storage worsens more quickly, Brent could chase WTI down to the bottom”.

The collapse in the May WTI contract was partly a technical product of the fact that it expires on Tuesday, meaning trading volumes were low and making the contract for June delivery more noteworthy, analysts said. That contract held above $20 a barrel on Monday but slid as much as 42 per cent on Tuesday to trade at lows of $11.79, suggesting the blowout in the May contract was more than a blip and that the entire global oil market faced challenges.

Goldman Sachs analysts said the June contact was likely to face downward pressure in the coming weeks, pointing to the “still unresolved market surplus”.

“As storage becomes saturated, price volatility will remain exceptionally high in coming weeks,” they said. “But with ultimately a finite amount of storage left to fill, production will soon need to fall sizeably to bring the market into balance, finally setting the stage for higher prices once demand gradually recovers.”

Warren Patterson, head of commodities strategy at ING, said it was likely that “storage this time next month will be even more of an issue, given the surplus environment”.

“And so in the absence of a meaningful demand recovery, negative prices could return for June,” he added.

European equities traded lower, partly dragged down by weaker energy stocks. The continent-wide Stoxx 600 was down 1.9 per cent, with its oil and gas sub-index dropping 3.3 per cent. In London the FTSE shed 1.7 per cent, while Frankfurt’s Dax slid 2.3 per cent. 

Equities were also broadly lower in Asia, with futures tipping US stocks to fall 1 per cent when trading in New York begins later.

On Wall Street overnight, the S&P 500 closed down 1.8 per cent, partly because of weakness in energy shares, but also due to increased pessimism over the time it will take for countries to emerge from lockdowns.

In fixed income, the yield on the 10-year US Treasury fell 0.03 percentage points to 0.585 per cent as investors retreated to the safety of the debt.

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News Network
March 23,2020

Mangaluru, Mar 23: Indian Coast Guard (ICG) on Monday announced to enhance surveillance along the coastline of Karnataka to strengthen security.

It has tasked its hovercraft in New Mangalore, and high-speed patrol vessels and interceptor boats along the coastline for ensuring foolproof security of the uninhabited islands, Deputy Inspector General S B Venkatesh, Commander, Coast Guard, Karnataka, said in a release today.

The amphibious hovercraft have been deployed for near to coast patrol, to facilitate smooth execution of search and rescue operations and security cover over land and riverine route. Please log in to get detailed story.

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