The UNESCO Asia-Pacific Awards for Cultural
Heritage Conservation awards were announced at a ceremony held in Penang,
Malaysia. In this year’s awards, 16 projects from 5 countries namely–
India, Bhutan, China, New Zealand, and Australia have been recognized by an international jury of conservation experts. The four winners from
India includes one from Ahmedabad—Award of Distinction for Vikram
Sarabhai Library, Indian Institute of Management (IIM); and three from Mumbai— Award
of Merit for Keneseth Eliyahoo Synagogue and Our Lady of Glory Church;
while Honorable Mention for Flora Fountain.The
UNESCO award highlights the spirit and efforts of private organizations or
individuals that have successfully restored and conserved structures of
heritage value in their regions. These awards aim to encourage and support
other people and organizations to take action for conservation within their
communities, either independently or by seeking public-private partnerships.
The Foreign Exchange Management Act (FEMA) is a law enacted by the Government of India in 1999 to control the flow of foreign currency across Indian borders.FEMA aims to facilitate external trade and their payments in India, a systematic improvement and continuation of foreign exchange in the Indian market.It’s important for Indians working abroad to understand FEMA rules for NRIs very carefully since it can affect the way they can send and receive funds from India.Let’s look at five FEMA Regulations for NRIs: 1. Maintaining a Bank Account You need to operate bank accounts that are specifically designated for NRIs. FEMA rules for NRIs do not allow holding a savings bank account. There are 3 major types of accounts as stipulated by the Reserve Bank of India (RBI)that you can open: - NRO account - If you want to send money earned abroad back to India. - NRE account - For repatriable or moveable assets like securities and cas...
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