Southern States - Kerala   

Investment Bond for NRIs sought

By Our Special Correspondent

THIRUVANANTHAPURAM SEPT. 6. The Minister for Information and Non-Resident Keralites' Affairs, M.M. Hassan, said here on Friday that discussions were under way with the ICICI Prudential Fund and the State Bank of India about floating an Investment Bond by the newly-formed ROOTS Initiative for NRIs.

Overseas Keralites had expressed an interest in subscribing to the Fund provided that the rates of interest are higher than the bank rates, Mr. Hassan, who had been to Germany recently, said.

The Minister said a special examination would be held for enabling the Gulf Malayalees without high school education to pass the SSLC examination. The textbooks for this was being prepared.

Mr. Hassan said there were also plans to offer Malayalam lessons through the web sites of Departments of Non-resident Keralites Affairs and Education, targeting children of overseas Keralites.

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