03-03-2011, 05:46 AM
Remittances are such a key component of Kerala's finances, earning the state the sobriquet of being a money-order economy.
In 2010, of Kerala's total commercial bank deposits worth Rs 1,43,404 crore, NRI deposits accounted for Rs 36,886 crore, or 26%. And in the near future, crores of rupees were expected to flow into Kerala through the Islamic NBFC route, to fund mega infrastructure projects.
The plans may have just hit the pause button, as national capitals as diverse as Manama and Muscat are witnessing uprisings. http://economictimes.indiatimes.com/news...616128.cms
In 2010, of Kerala's total commercial bank deposits worth Rs 1,43,404 crore, NRI deposits accounted for Rs 36,886 crore, or 26%. And in the near future, crores of rupees were expected to flow into Kerala through the Islamic NBFC route, to fund mega infrastructure projects.
The plans may have just hit the pause button, as national capitals as diverse as Manama and Muscat are witnessing uprisings. http://economictimes.indiatimes.com/news...616128.cms