Dubai: Mangalurean Shabana Faizal receives NRI entrepreneur award

[email protected] (CD Network)
March 25, 2016

Dubai, Mar 25: Recognizing her commitment to responsible business in the UAE and India, Kairali TV has conferred the NRI Woman Entrepreneur Award to Shabana Faizal, Chief Corporate Officer (CCO) and Vice-Chairperson of KEF Holdings at their first-ever business excellence awards. KEF Holdings is a UAE-based multinational diversified group that specializes in innovative offsite construction technology.

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Hailing from the city of Mangalore ,Shabana started her entrepreneurial career in 1995, when she set up Sophiya's World - luxury and special items studio - in Calicut, following her marriage to Faizal E Kottikollon, Chairman of KEF Holdings and the Faizal and Shabana Foundation.

In her dual role at KEF Holdings, Shabana oversees the corporate functions at KEF Holdings including the HR & Administration, Corporate Communications, IT and Legal functions; she is keenly involved in strategizing KEF's foray across infrastructure, healthcare, and education domains in India and the UAE. Shabana also holds the position of Co-Founder & Vice-Chairperson of the company's corporate social responsibility (CSR) arm - the Faizal and Shabana Foundation.

The Kairali TV NRI Entrepreneur Awards ceremony, which was held at the Indian Consulate Hall, Dubai, was headlined by prominent non-resident Indians. The Awards were chaired and juried by Ashraf Ali, Issac John, Senior Business Correspondent at Khaleej Times and Mr. C.K. Menon, Chairman and CEO of Behzad Corporation.

Shabana has a driving passion to make a difference in the lives of the underprivileged, which led to the setting up the Faizal and Shabana Foundation, which serves as the core of KEF's Corporate Philosophy. The Foundation carries out campaigns to improve education, healthcare, sustainable livelihood, humanitarian assistance, youth development and housing in India and the UAE. Her most recent passion project wasthe revamp and enhancement of the GVHSS in Nadakkavu, Kerala which has empowered more than 2400 young girls to believe in themselves and their dreams, and impacted the lives of more than 69,000 students across 65 schools in Kerala.

In 2015, KEF Holdings also completed a residential complex for staff and students of Yenepoya University in Mangalore in a short nine months. This facility was India's first wholly offsite manufactured building complex, a project that Shabana was closely involved with.

Accepting the award, Shabana Faizal said: “I am extremely honored to receive the NRI Entrepreneur Award from Malayalam Communications Ltd and Kairali TV. As Steve Jobs once said, half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance. That is one quality that has defined me and my work over the last few years. I have had an adventurous entrepreneurial journey over the last 20 years, and I am very proud of the good work that we have been able to do over this time.”

She added, “Our philosophy at KEF Holdings can be defined through our commitment to make a difference that counts, and this is what is at the core of all our initiatives. I am grateful for this recognition for my work, and I will continue to move forward on the same path.”

Shabana Faizal is the daughter of prominent Mangaluru businessman, B Ahmed Hajee Mohiudeen Thumbey, Founder and Chairman of B A Group and is a psychology graduate of St Agnes College, Mangaluru.

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Mohammed
 - 
Saturday, 26 Mar 2016

congratulations Mrs.Faizal

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News Network
March 7,2020

Kalaburagi, Mar 7: Congress and JDS MLAs are eagerly waiting to join BJP, said former minister and chairman of Nijasharana Ambigara Choudaiah Abhivradhi Nigama, Baburao Chinchansur, here on Friday.

Speaking at a press conference here, Baburao said if the BJP top brass gives a green signal to include MLAs of other parties, both Congress and JDS would be almost empty. Many leaders, including D K Shivakumar and G Parameshwara, won’t support Siddaramaiah and the former CM will have to find his own way in the coming days, he predicted. He said Congress will not be coming to power in Karnataka for the next 20 years, he said.

Chinchansur thanked Chief Minister B S Yediyurappa for providing Rs 50 crore for Nijasharana Ambigara Choudaiah Abhivrudhi Nigama in the budget. He also said that a delegation will be taken to New Delhi under the leadership of the CM, after the budget session, to pressure the Union government to include Koli community in ST category.

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News Network
February 1,2020

New Delhi, Feb 1: The budget is a little more demanding of the non-resident Indian. Firstly, to be categorized a non-resident, an Indian now has to stay abroad for 240 days, against 182 previously. In other words, an Indian national, to claim the non-resident status, can’t stay in India for 120 days or more in a year.

“We've made changes in Income Tax Act where if an Indian citizen stays out of the country for more than 182 days, he becomes non-resident,” said Revenue Secy Ajay Bhushan Pandey. “Now in order to become non-resident, he has to stay out of the country for 240 days.”

The second rule is more deadly: a non-resident Indian, who is not taxed in the foreign country, will become taxable in India.

“If any Indian citizen is not a resident of any country in the world, he'll be deemed to be a resident of India and his worldwide income will be taxed,” said Pandey.

"It's a very big disadvantage for Indians residing overseas only to save on tax,"  said Dinesh Kanabar of Dhruva Advisors. He expects that many Indians stay abroad in countries, where the income tax is low or nil such as Dubai. Now they will be taxed in India if they are in the income tax bracket.

For Indians, finance minister Nirmala Sitharaman revised income tax rats and proposed new tax slabs.

The new income tax rates will, however, not allow exemptions under Section 80C. Home loan exemption, insurance exemptions, the standard deduction will also not stay under the regime.

"The new tax regime will be optional and the taxpayers will be given the choice to either remain in the old regime with exemptions and deductions or opt for the new reduced tax rate without those exemptions," Sitharaman said while unveiling Budget.

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Kannadiga
 - 
Saturday, 1 Feb 2020

Good news NRIs vote for modi . 

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News Network
March 1,2020

Bengaluru, Mar 1: A Bengaluru Court has extended the judicial custody of Amulya Leona, who raised 'Pakistan Zindabad' slogan at an anti-CAA rally in Bengaluru's Freedom Park on Feb 20, till March 5.

Amulya was sent to 14-day judicial custody for her actions in the presence of All India Majlis-e-Ittehad-ul-Muslimeen chief Asaduddin Owaisi.

A sedition case has been registered against Amulya.

According to the police, a suo moto case under Section 124A (sedition), 153A and B (promoting enmity between different groups and imputations, assertions prejudicial to national integration) have been registered against the girl.

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