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--- On Thu, 13/11/08, Carvalho <[EMAIL PROTECTED]> wrote:

> From: Carvalho <[EMAIL PROTECTED]>
> Subject: [Goanet]  The Exact Role and Definition of NRI's in Goa
> To: [EMAIL PROTECTED], "Goa's premiere mailing list, estb. 1994!" 
> <[email protected]>
> Received: Thursday, 13 November, 2008, 11:35 PM
> 
> Let me also state categorically, that it is the influx of
> foreign remittances that keeps Goa's economy bouyed.
> Money earned by the sweat of their brow, not by demeaning
> themselves or prostituting themselves in shady deals and
> get-rick-quick schemes which are all too common in Goa.

Correct me if I'm wrong.  I understand that a few years ago, when India was 
facing bankrupcy/shortage of foreign currency, it was the NRIs who propped up 
the country's finances by sending money back home.


> So if those Goans in Goa who demean NRIs had any integrity,
> they would duly acknowledge the contribution of this
> community. 

Selma, the "Goans in *India* who demean NRIs" particularly attacked those in 
Australia and UK, not necessarily those in the Gulf - I think it is because of 
the false perception that those in Australia and the UK have it easy. Little do 
they realise that we Aussies pay as much as 45% of our income in taxes. That 
what remains, after meeting daily expenses and the mortgage loan payments (a 
mortgage loan, for those who don't know, is the long-term loan taken from a 
bank to pay off the purchase of one's own home), is a pittance.  

I really feel for the newcomers to Australia, as house-prices have really hit 
the roof - I understand the same has happened in the UK, though these days, the 
prices have slid down a little this side of the pond. What has kept the prices 
from sliding all the way are the reductions in interest rates, nearly 2% in the 
last few months (some banks have yet to roll out the reductions made by the 
Reserve Bank). 

Cheers,

Gabriel.


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