OCI & PIO merged


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Monica.admin   
Member since: Feb 14
Posts: 50
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Post ID: #PID Posted on: 02-03-15 19:07:35

The 2 have been merged via the ordinance route

http://m.rediff.com/news/report/pm-keeps-promise-citizenship-bill-passed-to-benefit-nris/20150302.htm

Waiting to read the technicalities.

M


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adamthorat   
Member since: Aug 11
Posts: 1041
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Post ID: #PID Posted on: 02-03-15 19:14:55

Good :)

Now for real dual citizenship for NRI's.

Not this OCI which is just a multi entry life time visa to India, with the word Citizenship in it , just to fool people.



MKBLR   
Member since: Mar 13
Posts: 195
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Post ID: #PID Posted on: 02-03-15 21:31:03

Fair enough. Will OCIs get Indian passport and govt jobs, buy agri land and contest elections?



Monica.admin   
Member since: Feb 14
Posts: 50
Location:

Post ID: #PID Posted on: 02-03-15 22:50:22

Quote:
Originally posted by adamthorat

Good :)

Now for real dual citizenship for NRI's.

Not this OCI which is just a multi entry life time visa to India, with the word Citizenship in it , just to fool people.



I am not sure if its deliberate or ignorance of all concerned - but all foreign passport holders are foreigners NOT NRI. Every media and politian is mouthing this word loosely. NRI DO NOT GET OCI/PIO SINCE THEY ARE INDIAN PP HOLDERS.

Dual citizenship is not being considered for the near future, OCI is as best as it can get. Technically and ethically, dual citizenship is not a great advantage over OCI. If you are not a farmer by profession, you do not need agri land rights. Govt jobs and voting rights are the only benefits OCI cannot avail.. IMO having immigrated outside of India, I doubt if even a fraction of OCI holders are interested in government jobs. The major attraction for government jobs are job security (not an issue for anyone who is succesfully settled overseas), pension and benefits (personal loss), low/no accountability and most importantly bribe income (which majority OCI should not be interested anyways.. ).

Many may not agree, but to me OCI is enough as long as they make the process streamlined and less complicated.

M


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adamthorat   
Member since: Aug 11
Posts: 1041
Location:

Post ID: #PID Posted on: 03-03-15 00:02:44

If you have dual citizenship , you won't need all this NRE, NRO accounts. You can have a regular resident bank accounts.

Lot of things can be done on OCI, but usually they are more compliacted than if you are an Indian citizen..not saying you can't do it..but there are more charges & steps involved for buying a flat , stocks , PAN card , Aadhaar card, taxation, repatriation of funds, capital gains. Fees for tourist attraction etc.

Sometimes I even see domestic air fares & domestic railway tkts have diff rates ..not always but sometimes for foreigners ! I was trying to book a domestic Jet Airways flight within India from here in CAD $ & with CAD credit card & it was almost double of what my friends in India were getting for the exact same flight if they booked with their Indian CC. So they were charging OCI's & PIO's a diff. higher fare as they think we are cash cows to be looted.

So the reality on the ground is often different for OCI & Indian residents. Dual citizenship will make all these transactions more smoother.

I definitely see that you show a CAD PP anywhere in India their automatic mentality is to loot you, the same doesn't happen when an Indian PP is shown.





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