Let's not forget, 3 million Indian expats happily living in Saudi Arabia!

[email protected] (Coastaldigest.com Web Desk)
August 3, 2016

Jeddah, Aug 3: The Indian community in Saudi Arabia have condemned the one-sided and irresponsible reporting by a section of Indian media on labour issues between an ailing private firm and its Indian employees.

1saudi

Pointing out that about three million Indians including people from all faiths are working and living happily in Saudi Arabia, they said sacking of employees by some firms due to crisis is a rare case.

They expressed sincere thanks to the Saudi government for hosting such a huge number of non-resident Indians (NRIs), which not only constitute the largest expatriate group in the Arab Kingdom but also the largest number of Indian passport holders living anywhere in the world. They thanked the Kingdom for ensuring the safety and welfare of the Indian community.

Sadashiva Shetty, an NRI businessman from south Indian city of Udupi in Saudi Arabia, says that he did not face any discrimination in the Kingdom in past 20 years. “Nearly three decades ago, my family was one of the poorest families in my village in India. After coming to Saudi Arabia I have earned money and respect. Now, the people of my village give me royal treatment whenever I visit my home” he claims.

“I do not know why media is portraying as if all Indians in Saudi Arabia are starving to death,” wonders Siddiqui, an NRI businessman, who spent several years in Saudi Arabia. A few construction companies in the Kingdom have gone out of business due to financial constraints and it resulted in layoffs for workers of different nationalities, not only just Indians, he says.

Speaking to an Arab daily he said: “Private firms in India like Kingfisher, Sahara and many others went bankrupt and their workers lost jobs. Has the Indian government given them jobs? Forget about helping the workers, Kingfisher owner Vijay Mallya ran away from the country to evade loans repayment and the government failed to catch him.”

Abdulhaq Bastavi, an Indian IT expert, said there is no point reporting that Indians are starving or stranded here as they can solve the issue with the employer and go home. “In labour disputes, workers have the option of approaching the courts.”

Mojib Siddiqui, an Indian journalist in Saudi Arabia, claims that mainstream Indian media is planting stories on labour issues of Suadi in a deliberate attempt to shift the focus from their government, which is under fire for failing to stop violence against Dalits and Muslims. It's a ploy to appease the principal minority that they are concerned about Indian Muslims working in Saudi Arabia.”

He added: “If the situation had been alarming for Indian workers, how come remittances sent by NRIs from the Kingdom is highest?”

Mohammad Akram, a marketing head at the Saffat Aviation said the Indian media exaggerating the number to blow it out of proportion. “Laying off workers by an ailing firm is nothing new,” he said adding there are dozens of Indian firms firing their staff for financial reasons.

Comments

Irshad
 - 
Wednesday, 3 Aug 2016

There is a not a single Incident people killed because of eating beef or any thing else Great and Number one Saudi Arabia.

A. Mangalore
 - 
Wednesday, 3 Aug 2016

During my vacation , in my own city in India , after 10 pm , my car was stopped by the police and questioned several times, but in my 25 years experience , even 2 to 5 am , I was driving in the city along with my family, never ever any police man or anyone stopped my car and questioned me.
Like me thousands of Indans are earning with highest respect. We are much grateful to this country. Whatever our religious we are called here as \Hindi\" only.
Mrs. Susma Swaraj made one or two companies issue into a big
issue and mentioned that people are starving here. I don't think anyone will sleep here without food. If a person have 2 riyals is enough to buy 6 pcs of bread and youghurt , which can fill anyones stomach. people have made wrong propaganda.
In any cases Saudi nationals are more generous in distributing free food than any other countrymen."

shaji
 - 
Wednesday, 3 Aug 2016

Indian Media (there is exception) is only lying and fooling people to keep away from the failure of BJP Govt and from the goondagiri / terrorist activities by sangh parivar terrorist groups.

Sadashiva Shetty
 - 
Wednesday, 3 Aug 2016

Thanks CD for posting this report. It's timely. Everything has a positive angle too. Normally media ignores such positive angle.

aharkul
 - 
Wednesday, 3 Aug 2016

Best Country in Gulf is Saudi Arabia. We have freedom and no question of facing problem. And every commodities available in a cheapest rate. I am working in this country since 13 years. So far I did not get any problem either from employer or from this country.

I respect all the King who serve this country giving full support to Indian expatriates and security. It is a marvelous. We won't get such facility in any country. More over here we have a holy place to perform Umrah and Hajj. Subhaanallah. Hats off to our great king Salman who is giving good facilities to expatriate in utmost care. May Allah Subhanau Thala give him a good health and long life Aameen.

Tufail
 - 
Wednesday, 3 Aug 2016

but skilled and low level labors arent..... So please highlight those

Mohammed SS
 - 
Wednesday, 3 Aug 2016

Our India is going through such a bad era that they cannot solve their own problem, always peeping others plate, it cannot solve border problems and our eyes on Pakistan all stupid, Jobless goondas gathered in this BJP/RSS ruling they know only tying saffron ropes on hands and shoulders and all kind of nonsense believe, finally they only recognize their Mother as Cow and do not agree and recognize their own father to whom they born an OXE

Syed Mohiudin
 - 
Wednesday, 3 Aug 2016

I am proud to say that I am also one among 3 million those who happily living in Saudi Arabia.

Rikaz
 - 
Wednesday, 3 Aug 2016

Saudi Arabia is a peaceful country...where they give first priority on security of expatriates...people love to work and make money over there...there is no restriction on beef eating....you can eat beef as much you can....no gou rakshakas.....super dooper.....

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
June 26,2020

New Delhi, Jun 26: With looming uncertainty and no likelihood of an early economic recovery in sight, the bull run in gold prices is here to stay. Analysts expect domestic futures to touch ₹ 52,000 per 10 grams in the next few months, till Diwali.

Experts also predict that with the current trend, gold may reach historic levels around ₹ 65,000 per 10 grams in two years time.

Futures of the yellow metal have touched new highs in India off late. On Wednesday, the August contract of gold futures on the Multi-Commodity Exchange (MCX) touched an all-time high of Rs 48,589 per 10 grams.

It has, however corrected since and is currently trading at ₹ 48,057 on the MCX, higher by ₹ 116 or 0.24 per cent from its previous close.

Market experts are of the view that both domestic and international gold prices are yet not done breaching records and will touch new highs in days to come.

The resurgence in the number of new cases of coronavirus infection across the globe has added to the uncertainty and fears.

Speaking to media persons, Anuj Gupta, DVP for Commodities and Currencies Research at Angel Broking, noted: "In short term we are expecting it to reach ₹ 48,800-49,000 and for long term, we are expecting ₹ 51,000-Rs 52,000 till Diwali."

On the prices in the international market, he said that it may reach around $1,790 per ounce in the near term from the current levels of $1,762 and the long term, it is likely to be around $1,820-1,850 per ounce.

Gupta noted that with International Monetary Fund's (IMF) latest downward revision of economic outlook, both global and of India, and the rising number of cases and high demand by gold exchange traded funds (ETF) have led to this record breaking rise in gold prices.

Covid-19 battered India's economy is projected to contract by 4.5 per cent this fiscal, according to the IMF and the global output is projected to decline by 4.9 per cent in 2020, 1.9 percentage points below the IMF's April forecast.

Hareesh V, Head of Commodity Research at Geojit Financial Services, said that gold's safe haven appeal will remain on the higher side as there is little hope of a quick global economic recovery amid rising virus cases across the world.

"Increased geopolitical instability and an under-performing dollar also lift the metal's sentiments," he added.

According to Prathamesh Mallya, AVP Research, Non-Agro Commodities & Currencies at Angel Broking, said that with the global output to contract and the economies in a deeper recession than most anticipate, gold as an asset class is a safe bet for investors across the globe.

"Although, the physical demand has declined drastically due to the restrictions and lockdowns, the activity of global central banks and their net purchases of gold signal that uncertainty will continue for most of 2020," he said.

He was also of the view that in the international market price of the metal may move towards $1,850 per ounce and in the domestic market it is likely to move higher towards Rs 50,000 per 10 grams.

"The investment demand as seen in the net additions of ETF holdings also signals that gold will shine for a much longer time even if the pandemic is under control. Till then, keep buying gold, if not in physical form, but in digital form," Mallya added.

Industry insiders like Aditya Pethe, Director, WHP Jewellers said: "I basically feel that the current trend for the gold is bullish and for the coming next 2 years, it is likely to move upwards. No one can predict the exact price as currently the trend is on rise but it might change after 6 months. In general for the coming 6 months to one year, the gold prices are likely to cross $2,000 which comes to roughly Rs 55,000. For a temporary moment it may reduce, basically fluctuate as well but overall trend of gold is going to be bullish."

On his part, Ishu Datwani, Founder, Anmol Jewellers said: "Yes - it's very likely that the gold price could easily go up to Rs 60,000-Rs 65,000 in the next two years. There is also a possibility of it going up even more."

"A lot of banks have been buying gold and there is also a possibility that the Indian rupee will depreciate against the dollar. This and geopolitical reasons will cause bullishness in gold."

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
coastaldigest.com news network
August 7,2020

Udupi, Aug 6: Three people including police personnel entered a well and rescued an elderly woman who had accidentally fallen into Udupi on Thursday.

A police sub-inspector and two others got down into a well and rescued the elderly woman, who accidentally fell into well at near her home at Kukkikatte.

The locals immediately alerted to police and fire and rescue personal.

Udupi town police sub-inspector Sadashiva Govroji, fire and rescue staff Vinayaka and a local Auto-driver Rajesh Nayak got into the well and brought the woman out safely.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
July 8,2020

Bengaluru, Jul 8: The expert committee constituted by the Karnataka government to look into imparting online education in the wake of the COVID-19 lockdown submitted its report on Tuesday to the Minister for Primary and Secondary Education, S Suresh Kumar.

Amid growing pressure by educational institutions to allow them to run online classes for the students, the government set up the committee headed by noted educationist M K Sridhar.

The Minister told reporters that some schools wanted to run online classes, including for LKG and UKG students. It had also come to the government's notice that schools were reportedly charging hefty fees in the name of online teaching, he added.

"To address the concerns of parents, schools, and the future of the children, the committee was formed,"Kumar said. He further said that the government would study the recommendations and hold discussions with officials and various stakeholders before arriving at a decision.

The Education Department said that the committee, in its report, titled "Continuation of Learning in School Education of Karnataka: Guidelines During COVID-19 Pandemic for Technology Enabled Education and Beyond", has recommended teaching online or by using printed material. The committee suggested that children in the age group of three to six be taught online by way of story-telling, rhymes and games strictly in the presence of parents thrice a week just for one session a day For students from class one to three, it advised two periods a day and three days a week for online teaching.

Students from class three to five would have classes five days a week and two classes for 30 minutes a day. For students from class six to eight, there could be three classes a day for a duration of 30 minutes to 45 minutes each, while for students of class nine and 10 there would be four sessions a day between 30 and 45 minutes each.

The committee also suggested usage of Doordarshan and Akashwani for the government school children. Suresh Kumar said there were a few petitions filed in the Karnataka High Court regarding online teaching to the children.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.