Archive for November 2016

MONEY EXCHANGERS LOSE 2BILLION RUPEES

MONEY EXCHANGE CENTERS ABOUT TO LOSE 2 BILLION INDIAN RUPEES IN KSA

Money exchange centers in Saudi Arabia are about to lose millions of Saudi Riyals (Approximately 2 Billion Indian rupees) due to the Indian government demonetization step of scrapping 500 rupees and 1000 rupee notes. Trending : Indian rupee fall down against Saudi Riyals




According to the report of Saudi Gazette, There are more than 50 money exchange centers in Saudi Arabia with the support of Saudi Arabian Monetary Agency (SAMA). Most Viewed : How Indian expats can exchange old money

- On the 9th November 2016, Just after the day of demonetization news, Interior Ministry warned the public and money exchange centers to hand over the Indian currency to the banks and replace it with new money or 100 rupees denomination notes.




- It is estimated that money exchange centers currently holds nearly SR 110 Million Riyals nearly 2 Billion Indian rupees. About half of the money will be remained in Kingdom for long term and would increase pre-tax profits for public sector banks. Related : India scraps 500 rupee and 1000 rupee notes




- 80% of the Indian currency will return to Indian banks, It is about to increase the growth of deposit by 10%. Hot topic : Indian arrested for adding Hindu god on Kaaba

MONEY EXCHANGERS LOSE 2 BILLION RUPEES IN SAUDI





INDIAN RUPEE FALL DOWN AGAINST DOLLAR

INDIAN RUPEE FALL DOWN TO ITS LOWEST AGAINST DOLLARS & SAUDI RIYALS

Indian rupee fall down to a low record against US dollars and Saudi Riyals after three years. Currently Indian rupee against dollars is 68.85 and 18.30 against Saudi Riyals.




After the heavy word 'demonetization' from government of India, Indian money started falling down, Some experts are expecting it to reach 70 and 72 against dollars in the coming months.

- Indian expats living abroad are sending heavy remittances more than their salaries from their savings as they seen this after 3 years, Earlier in August 2013, the rate was same as of today.




- Few Indian expats are still waiting to remit their money to home country as they are expecting rupee may fall more down. Few are dilemma whether they have to wait to go more down or send now.

- As the new year and Christmas is ahead, Indians around the world sending more money to their families. Remittance centers and exchange centers abroad are seen in rush more than normal time.




- All the money savers in Saudi Arabia are enjoying the current exchange rate as they are getting 18.30 Indian rupees now against the Saudi Riyals and 68.70 rupees against US dollars.




INDIAN RUPEE FELL DOWN TO ITS LOWEST

SAUDI SHUTS SHOP FOR REFUSING CUSTOMER

SAUDI MUNICIPALITY SHUTS SHOP FOR REFUSING SPECIAL NEED CUSTOMER

A hair saloon shop shuts down by Municipality officials in Jazan (Jizan) city of Saudi Arabia as the barber employee refused a wheel chair customer request. Trending : Report labor violation and get 10 percent reward




A young wheel chair customer requested the barber employee to cut his hairs on his wheel chair itself, as he was not able to move. But the barber refused and asked the customer to sit on their barber chair only for his haircut. Most Viewed : Huroob expats banned from entering in Saudi Arabia

- Customer reported the case to the local municipality, After the investigation from municipality officials, the barber shop is shuts down for the discriminate or differentiate the customers. Similar : Notice period in employment as per Saudi Labor Law




- Many social media users welcomed the decision of Municipality officials and requested the shop should remain close at least for two years. Related : Indian expat arrested for doctoring Kaaba image

- Every one should comply with rules and regulations including laws of Saudi Arabia, and should help and convince those who needs special help. See Also : King Salman said 'No Royal is above law'



SAUDI MUNICIPALITY SHUTS SHOP FOR NOT SERVING CUSTOMER

EXPAT MOTHER ARRESTED FOR FAKE CURRENCY

EXPAT MOTHER ARRESTED FOR RECEIVING MONEY FROM SON

An Indian expat mother was arrested in India for trying to deposit fake currency notes worth Rs 30,000 in State Bank Of India account, After the demonetization of Rs 500 and Rs 1000 notes. Recommend : Possible ways for NRI to convert old notes to new




The accused women name is Mariyamma and she is of 65 years, She tried to deposit Rs 49,500 in her SBI kondotty branch account in Kerala. Related : India scraps 500 & 1000 rupee notes

- Out of 49,500 rupees,The bank officials found Rs 37,000 were old and fake notes of Rs 500 and Rs 1000 and then officials informed the police about this.




- When she questioned by police, from where she got that fake notes, she answered her children living in gulf send her money through Hawala or Hundi system, Hawala system is illegal in India. Trending : Indian arrested for posting Kaaba image with idol

- As per the bank manager complaint on fake notes, A case has been registered under IPC section 489 (B) (C) and the woman arrested and remanded to judicial custody. See Also : Huroob expats are no more allowed in Saudi Arabia




- It is in news that due to scrapping of Rs 500 and Rs 1000 old notes in India, Hawala system people are offering more Indian money than earlier for gulf currencies. Similar : Indians sending less money to families

- It is your duty to be alert and not involve in such activities, As you seen the above case. People may provide good offers, but at last you or your family will be the one to face problems.



EXPAT MOTHER ARRESTED FOR RECEIVING MONEY FROM SON

INDIAN ARRESTED FOR INSULTING KAABA IMAGE

INDIAN ARRESTED FOR POSTING IMAGE OF KAABA WITH HINDU GOD ON IT

An Indian expat in Riyadh has been arrested by Saudi Arabia police for posting the image of Islamic holiest place Kaaba with a Hindu sculpture on it. The post was circulated on a Facebook social network and few people reported it to Riyadh Police. Recommend : MOI warns harmful comments about Islam




The suspect with unknown name is about the age of 40 and he is working as agricultural engineer, He edited the image of Kaaba and put a Hindu sculpture on it. Trending : Indians sending less money to home than Pakistanis

- After an investigation in Riyadh on this Facebook post, Saudi police catch the suspect and arrested him in Al Majma'ah city of Saudi Arabia. Most Viewed : India bans 500 & 1000 rupee notes




- The post was seen on Facebook and reported it to the authorities by some Saudi citizens. Being a Islamic country Saudi Arabia is very serious on any kind of harsh statement on Islam. Related : No Royal is above Law - King Salman

- Many twitter users seek the attention about it to the authorities as it is a religious insensitivity and demanded police to arrest the suspect.




- According to Saudi Arabia Law, anyone who circulates the material that violate religious values, public order, public mortal and privacy can be jailed up to 5 years. Similar : How can NRI's convert their old 500 & 1000 rupee notes

- Few days before itself, Our blog alerted our readers that be careful for what you are posting on social networks.



INDIAN EXPAT ARRESTED FOR POSTING KAABA IMAGE WITH HINDU GOD

HUROOB EXPATS BANNED FROM ENTERING KSA

HUROOB EXPATS BANNED FROM ENTERING IN SAUDI ARABIA

Huroob reported workers of the Kingdom are no more allowed to enter into Saudi Arabia. Workers who ran from their sponsors and the sponsors reported them as huroob are now ban from entering into KSA. Recommend : What is Huroob?




- If an expatriate run away from his sponsor he will be fined SR 100,000 including deportation and banned from entering into Saudi Arabia again. Related : Possible ways to remove Huroob

- Last year itself, Makkah region deported 480,000 expatriates for violating the laws of residency and work. About 16,386 citizens and expats including women are fined for sheltering and transporting the illegal expatriates. Trending : How to comeback to Saudi Arabia in expired exit re entry visa




- Staying in Kingdom with expired visit visas or Umrah visas is a violation and employing such dependents is against the law, action will be taken against such violators. Similar : How to check huroob status

- Citizens helping in transporting illegal expatriates will be fined up to SR 100,000 with a jail term about 2 years and the closure of their establishments including 5 years ban from recruiting.




As per the report published in Al Madina Arabic daily and Saudi Gazette, Director of Makkah passports police Maj. Gen. Khalafallah Al Tuwairqi informed about this. See Also : How to take final exit in huroob



HUROOB EXPATS PERMANENTLY BANNED IN SAUDI ARABIA

REPORT LABOR VIOLATION GET 10PERCENT REWARD

REPORT LABOR VIOLATIONS & GET 10% REWARD IN KSA

Ministry Of Labor and Social Development will reward those citizens and expatriates who report the labor violations, The reward is equivalent to 10% of fine and will be paid upon the collection of violation fee from violators. Trending : Kawadir Labor jobs portal




It is rarely to see government will reward public for reporting violations, But Saudi Arabia made it possible by launching a portal and application of monitoring called "معا للرصد" means "Together to Monitor" and announcing a reward of 10 percent violation fee for reporting and helping the labor inspectors to reach to the violators.




For now public can report this 6 types of violations through the application, In future this app will allow more than 6 violations

1. Selling Work Visa's or brokering visa sale

2. Labors working in direct sun light or bad weather hours without any precautions where ministry bans those hours. Related : Workers banned to work under sun

3. Employers signing the Saudi employee contract without the knowledge of that employee.




4. Employing expatriate in place of jobs limited to Saudi citizens.

5. Employing men in place of women's jobs. Similar : Employer violation penalties

6. Brokering the recruitment of workers without ministry concern. Read Also : Saudi Labor Attache's abroad

In order to get 10% reward expatriates and citizens must follow the below rules

- Violation must be reported through "Maan معاً" application only, more on "rasd.ma3an.gov.sa".

- Report is only valid, if it is reported within 30 days of violation occurrence.




- The report should be accurate and it has to be acknowledged. See Also : Violation fines for companies

- If the report proved wrong continuously 3 times, the reporter will be suspended from using this app for 6 months.

- If the same violation is reported by many people, The reward will goes to only the first reporter.

REPORT SAUDI VIOLATIONS AND GET 10% REWARD

4 WAYS FOR NRI TO EXCHANGE OLD 500&1000 NOTES

NON RESIDENT INDIANS CAN EXCHANGE OLD 500 & 1000 RUPEES NOTES

Many Indians living abroad with their families saved thousands of money with them for spending it in India on their next trip, After a one night announcement of scrapping 500 & 1000 rupees notes from Indian government Non Resident Indians are worried how to use their old 500 & 1000 rupee notes.




We bring 4 possible ways for exchanging your old 500 & 1000 rupees notes with new one. Overseas Money Exchange centers already stopped accepting old Indian notes. Similar : India bans old 500 & 1000 rupee notes

1. Deposit your old notes in NRO (Non Resident Ordinary rupee) account : This option is only available to those who hold NRO Savings account with bank and for those who are travelling to India before 30th December of 2016. Related : How to open NRI Account from overseas




2. Authorize someone to deposit your money : If you have old notes in your home, you can authorize someone you trust for depositing that money by writing a authorizing letter and providing your identity proof as per the RBI (Reserve Bank of India) guidelines. Trending : Indians are sending less money to home

3. Travel to India before 30th December 2016 : If you have any plans for travelling to India before 30th December you can take cash with you for exchanging it in bank or post office of India.





- In case you do not have any plans for travelling to India before 30th December, You can exchange it before 31st March of 2017 by visiting direct to RBI office by submitting your passport and visa details. See Also : Uniform Civil Code in India

4. Send your old notes with someone : If all the above options are not suited to you, then you have a last option is send your old notes physically to India with someone you trust.




- You should remember that cash carrying limit in India for traveler is 25000, If you are sending above this amount you need to declare it. Recommend : Indian Business Man gifts cars, flats to employees

- Rs 25000 can be exchanged without any problem, If you have more amount than this you need to provide your authorize letter for depositing your money with your identity proof.

NRI CAN EXCHANGE OLD 500 & 1000 RUPEES NOTES

INDIA CEASED 500&1000 RUPEES NOTES

INDIA CEASED 500 & 1000 RUPEES NOTES

Starting from November 9th 2016, 500 and 1000 rupees notes are no more valid in India as per the statement of Indian Prime Minister Narendra Modi. A new notes of Rs 2000 and Rs 500 to be introduced.




- All the national ATM's will not function on November 9th and 10th of 2016. Recommend : NRI Bank Account

- All the Indian banks will remain closed on November 9th, 2016 for making new changes. Related : Limit of Remittance

- Deposit your 500 & 1000 rupees notes in your bank accounts and nearest post offices without any limit, starting from November 10th till December 30th of 2016.




- Citizens must carry their Adhaar Card and PAN card while exchanging notes. After 30th December the changes can be made only at Reserve Bank of India. Trending : Indians sending less money to family

- From now the ATM withdrawal limit is limited to Rs 10,000 per day and Rs 20,000 per week, It will be increased in coming days. Most Viewed :  Indians in KSA








- Government hospitals, Railway counters, Air tickets can accept old notes of Rs 500 and Rs 1000 only till November 11th of 2016. See Also : No tax for Indians in Saudi Arabia

- The changes are only made for Rs 500 notes and Rs 2000 notes, Rs 1000 notes will be no more valid. Coins, Notes below 100 and Internet transactions are not effected.


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