International

Weigh the risks of EB-5 citizenship route

Originating in Africa, Humans migrated to the remotest corners of the earth primarily to find food, avoid the threat of deadly predators or the danger from domination by other human species or due to dramatic changes in the climate. There is an intriguing scientific theory that unforced migration is motivated by simple curiosity and boredom, what is often called wanderlust. This is credited to a variation in the human DNA (DRD4-7R) now dubbed the “wanderlust gene”. Present in about 20% of the population, it impacts dopamine levels, increasing the person’s tolerance for risk taking including exploring new territories. Those willing for (or seeking) greener pastures in other countries have a larger capacity for risk taking. But can that innate larger risk taking ability justify staking your life savings in an “risky investment for citizenship” plan like US’s EB-5. Harsh’s article in Business Standard today. Your feedback most welcome.

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Restrictions on foreign spends erode Brand India

The 20% deposit requirement imposed on overseas remittances inhibits all citizens from spending or investing overseas. The sweeping inhibitory measure is supposedly to catch a few wrong doers who abuse the Liberalised Remittance Scheme who anyways could , with a little dilligence, be identified from the mass of data that the department has. Harsh’s article in Business Standard on the long term costs of inhibiting/restricting our ordinary citizens from spending and/or investing overseas and the impact such measures have on our aspiration to be a Super power.

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