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Chief Minister of Telangana to Form Mechanism to Protect Assets Held by Non-Resident Indians


April 17 :
Indian state chief minister A. Revanth Reddy has announced plans to establish a system to protect the assets of non-resident Indians (NRIs) who leave the country for nations like the United States and the Gulf.

Chief Minister Revanth Reddy announced plans to charge a small fee to help out the elderly parents of non-resident Indians (NRIs) during an event hosted by the Telangana Pradesh Congress Committee (TPCC) NRI Cell in Hyderabad.

He went on to say that Mahatma Jyothiba Phule Praja Bhavan could be the site of a new board called the "Telangana Gulf and Other Overseas Board" that the state administration is thinking about forming. The plight of migrant workers from other countries is the responsibility of the board.

According to Reddy, V. Sheshadri has been in charge of international relations for six years, under both Manmohan Singh and Narendra Modi. He is the chief minister's secretary. After researching the regulations that nations like the Philippines and states like Kerala have put in place for non-resident Indians (NRIs), a policy document was drafted under Sheshadri's supervision.

According to the CM, the Philippines has been carrying out a strong policy that includes registering businesses, workers, and all relevant information, as well as conducting state-to-state transactions with Gulf nations. This prompted him to declare his intention to adopt a comparable policy by September 17th.

The overarching goals of this programme are to keep detailed records of migrant workers, help and educate them, licence agents, provide life insurance, and protect their assets. Furthermore, he shared the news that the overseas board would be headed by a senior IAS official, guaranteeing efficient handling of matters at every level.