Challenges In Collections For Foreign Currency Insurance Policies: Fill & Download for Free

Lets look at a few numbers and facts before we dive into the questionPer IMF Pakistan’s Outstanding Purchases and Loans (SDR): 4363 million (April 30, 2018)Pakistan may soon become ineligible for financial assistance from one of the two main arms of the World Bank Group – the International Bank for Reconstruction and Development (IBRD), as the country’s official foreign currency reserves are rapidly getting slimmer.One of the key conditions for qualifying for IBRD loans is that the loan-seeking country should have official foreign currency reserves equivalent to three months of import bill.These reserves include $3.9 billion in short-term borrowings by the central bank. By excluding the short-term forward contracts, the State Bank of Pakistan’s (SBP) net reserves will come down to $10.4 billion, according to the central bank data.This news is about 17 days ago - Pakistan expects to obtain fresh Chinese loans worth $1-2 billion to help it avert a balance of payments crisis, Pakistani government sources said, in another sign of Islamabad’s growing reliance on Beijing for financial support.The new Chinese loans that are being negotiated will help bolster Pakistan’s rapidly-depleting foreign currency reserves, which tumbled to $10.3 billion last week from $16.4 billion in May 2017.A second government official confirmed Pakistan was in “sensitive” talks with Beijing over extra funding for up to $2 billion.What the above numbers tell you is that CPEC is Pakistan’s ONLY meal ticket of significance for its survival.What is CPEC - In extremely broad terms its a vehicle for China’s growth that connects its industrial output to markets in MiddleEast, Central Asian countries and beyond while passing through Pakistan. Along the way there are many opportunities for Chinese firms and banks to invest and exploit the markets for its gains.Where does Pakistan come into the picture - Pakistan will be the traffic controller. It will collect taxes, have ports, provides services, have better infrastructure, connectivity and its industries will have steady demand which will generate employment for his increasing young population. Key question is how much demand will the truck drivers ferrying goods generate to have a meaningful impact on Pakistan’s GDP. Will Pakistan underwrite the insurance policy for all Chinese vehicles and goods plying through the nation? Will Pakistan banks provide loans for purchase of these trade vehicles or will Chinese trucking companies continue to avail loan from China?Here Pakistani industries, goods and services will be competing with matured Chinese industrial complex to generate a profit. At this point if you revisit the loan amount mentioned above then any hard earned profit is also marked for repayment of loans. So the challenge will be to keep manufacturing/service prices so low as to beat the Chinese and win business in the first place, yet generate enough profit/margins to pay the high interest loans to pay off the IMF and World Bank. I may not like the odds given this equation. But I guess Pakistan policy leaders have worked out a winning formula after all.To sum it up Pakistan is like a bull that has IMF and World bank loans hook into one of its nostrils and Chinese loans as a hook into the other. Both seem to be currently pulling Pakistan in two different direction for their own strategic interests. How much pressure and how long can the bull withstand is a question that will be played out in the next 2 decades.

I was waiting this question. My answers are not going to be big bang answers like demonetisation, GST or foreign policies or even start up india etc..Let me start with small things as it impacts on day to day lives which does get ignored by the general public like you and me.Railway stations and other public space having easy access for the senior citizen and divyang people. Things like escalators, slanting elevation so that wheel chair can be moved etc. It helps then who have challenges to mobility. We take this things for granted, but only in 4 years many stations have lifts, escalators to move from one platform to anotherComplaint/grievance register to log online. This has helped people log their public services grievances and get response even if it is in 2 weeks or 2 months at the click of the keyboard or phone. Earlier one had to make multiple visits to this centre and still not get good response.Digitisation of most public services. From lengthy paper work to digitised updated. India exports IT services to the world but our own public services were pathetic. Over the last 4 years there has been tremendous change like in epf , license etc. Though a long way to go but the step have been taken to simplifyClean india campaign. Education of cleanliness being taught and advertised in schools. It will take a generation or two until we see the actual results but a journey of 1000 miles is taken by first step. I see kids advising their parents about not throwing garbage on the streets etc. …. I saw a WhatsApp video where a marriage party bus or something like that threw water bottle from the bus. Gentleman stopped the bus an argument for the person to pick up the bottle from the road side. That is awareness, that is feeling of pride of the nation.Toilets in each house On one instance. I was speaking to one auto driver who has his family in remote uttar pradesh. He said government have given them 20000 each to three brothers to construct the toilet in the village. His son 5 years old was in mumbai few months back had to stand in queue sulabh souchalay in mumbai where they stay. And hence prefers to go back to his home town where he does not have to wait or go in the field.Electricity access to each household in every and remotest village if india even if the terrain were not conducive. That is commitment.Clean power. Solar is clean power. It reduces CO2 emissions into atmosphere. Big move long term vision. Committed to global warming. Not that other governments did not do it but on massive scaleUse of water transport reducing travel time as well as fuel and co2 emission.Building military base on Pacific oceans islands by taking one island on lease from the governments of fiji in Pacific oceans.Sports interests. Facilitating motivating indian sportsman before and after the event. Out is a big step. This has also helped in many inter school, at district, state and national level. It was not that it was not happening before. But this are telecasted now, they are also motivated all about the scope and varied interest . People are looking beyond cricket as career.Rehaul of education. Still long way to go but steps taken in right direction. Need atleast another two terms to see the benefit of the changeDigital lockers. Storage of your certificate on digital lockers so you don't have to carry them in original formSelf attestation of true copies. Small thing but think people used to pay those people to attest. Time taken, queue, money paid.Building infrastructure like railway , airports tunnels for strategic locations like sikkim, north east, leh laddakh etc. This reduces travel time as well as creates quick accessClean toilets at public places. You get phone numbers and email addresses which gets monitored. If you complain about unclean toilet at railway station it gets cleaned in master of few mins and feedback taken. Though I would say feedback becomes more like tracking , cleanliness should be of paramount importance. I personally experienced this at couple of railways stationsTrying to link Aadhar to driver's license. This will help track offenders in different states at one click. Long way to go but a step in the right direction. Applying for renewal online and then collect it after verifying documents when you collect them.People in distress primarily overseas gets immediate attention from MEA.Changing petrol and diesel rates at daily international rates. Thus making it independent of government control. Also loss to exchequer due to delayed rate change to oil companies.Promoting Generic medication and reducing prices on stents thus reducing price .. Of medication and hospitalisationKhadi gram udyog.. getting smaller business create income. Surge in purchase after it was advertised.Gave 20 basic things.. there are many more that can be listed.. but the question feel demanded only 20.. most of the answer will cover big things.. Like below..I just wanted to highlight things that we take for granted are getting eased up..Forget about the big things likeease of doing business,GST impact, reducing number t of taxes and bringing under one tax net this reducing pilferageDemonetization. Impacting increase in tax payers, curtailing shell companies avoiding taxConsolidation of big nationalised banksroad and railway infrastructure,bullet train,safety of railways,speed I for railways,I highways that reduce travel Time,connecting rivers which will reduce water dependency and wastage,building pond and lakes in villages to increase ground water.. Like latur district in Maharashtra most drought prone had not bought single tanker this year.foreign policies..Rafael, surgical strike, defence policies,Connecting smaller airportsCleaning big riversReducing security clearance at airportsSleeping on planes to reduce tax payer money from his foreign visitsAuctioning things that he gets as gifts and using those funds for charityTrying to bring farmers produce direct to consumersCold storage for farmers closer to keep produce freshDirect benefit into account of LPG, MNREGA, rationingJob creating through startup PM AWAS yojna, medical insurance,Agreeing to trade oil with UAE in Indian currency and dihram this saving dollar for something else.International yoga dayJadu ki zhapppi policy with his foreign counter parts.. makes signification impact in relations.Curtailling Pakistan sponsored terrorism.Doklam standoffNo terrorist attack in last 4.5 yearsNo corruption in defense dealsThe abovet does not impact common man as much on daily basis. But it does have its benefitsThis list can go on and on..thanks to the avid readers and comments , suggestions of policiesAadhar is very useful in finding lost children and adultsAyushman Bharat - Healthy living for allInsurance for train travel.the most important is control on inflation. Any one can do all of above but to do it while keeping check on prices is truly commendable.Loans for small entrepreneurs running business from home. This adds to the tax as well creating jobs. It might still be informal sector until it gets the light. be it Selling Pakodas, Tea stall, stitching, sculpting, painting, handmade toys etc for the rural income to grow. ——— This was created as a joke by the Congress.. that educated should start selling pakodas as they not getting jobs.. ……. In my opinion no job is small or big as long as it brings in money to run the household. When a IIM passed post graduate makes a business of lunch business in Bangalore… delivery at work .. it becomes a tell tale in the MBA case studies… then why not this…. The IIM Graduate just took the Mumbai Dabbawala model and gave it a technology twist with his knowledge.

Visa Application Form http://india.mfa.gov.ua/mediafiles/files/visa.pdfThe procedure of issuing entry visas to Ukraine as well as visa types and categories, visa validity terms and legal ground for issuing visas defined by the Resolution of the Cabinet of Ministers of Ukraine “On Approval of the Rules for issuing visas for entrance and transit through the territory of Ukraine” No. 567 dated on June 1st, 2011.VISA TYPES AND CATEGORIES, VISA VALIDITY, GROUNDS FOR ISSUING VISASDepending on the purpose of travel, these are the following types of visas:1) Transit Visa (B type) is issued to foreign citizens and stateless persons for passing through Ukraine to a third destination, as well as for the transportation of cargo or passengers. The short-term visa is valid for a period not exceeding 90 days during 180 days period from the date of first entry. Each transit through the territory of Ukraine should not exceed 5 days. There are single, double and multiple entry transit visas issued for the period indicated in the supporting documents. However, the period should not exceed 1 year unless otherwise provided by International Agreements of Ukraine.Grounds for issuing transit visas:Document confirming the transit nature of travel (visa to a third country, tickets etc);Document confirming the transit nature of transportation of cargo or passengers;License for international transportation services issued by the competent authority in the host country.2) Short-term visa (C type) is issued to foreign citizens and stateless persons if the duration of their stay in Ukraine does not exceed 90 days during 180 days period from the date of the first entry. Short-term visas can be single, double or multiple entries for 6 months or for the period of time indicated in the documents that constitute grounds for obtaining the visa, but not exceeding 5 years.Grounds for issuing short-term visas:Invitation from a person or entity issued by the regional body or by the Division of the State Migration Service of Ukraine;Invitation issued by a Ministry, other central executive authorities, state institutions, enterprises or organizations;Certificate of the Person of Ukrainian origin and his/her application along with the results of the interview with the Ukrainian diplomatic or consular staff and evidence for Ukrainian ethnical descent or Ukrainian origin of the foreign citizen or stateless person. The spouse and children of the person of Ukrainian origin, if traveling and staying in Ukraine together, has to submit an application and documents confirming family relationship;Documents, confirming a tourist nature of travel (tourist voucher), evidence of paid/reserved roundtrip tickets, prepaid hotels;Invitation from a Ukrainian medical treatment institution;Document confirming the registration of foreign investment into the economy of Ukraine in amount of not less than 50 thousand USDConfirmation of the Ministry of Social Policy of Ukraine on the entry of the foreign citizen or stateless person with the purpose of providing humanitarian aid or charity;Invitation from a duly registered by the State body religious organization, for short-term stay in Ukraine for religious matters;Petition from the head of a foreign mass media for a foreign correspondent or representative of a foreign media who travels to Ukraine for short-term stay to perform his/her professional duties;Petition from state authorities of foreign states or international organizations;Written instruction of the head of Diplomatic/Consular Mission on visa issuance to ensure the interests of foreign policy.3) Long-term visa (D type) is issued to foreign citizens or stateless persons traveling to Ukraine for the purpose of processing documents that give the right to stay or reside in Ukraine. The long-term visa can be issued by the Diplomatic Mission or the Consulate General of Ukraine as single entry visa for 45 days, except as otherwise provided by law.Grounds for issuing long-term visas:Duly certified copy of the employment permit for foreigners and stateless persons issued by the state employment service. For foreigners and stateless persons whose employment in accordance with the laws of Ukraine is carried out without employment permit, instead of such a permit an employment agreement (contract) is submitted, and for those who have the status of the person of Ukrainian origin - employment contract (contract) and certificate of the person of Ukrainian origin;Copy of the immigration permit issued by the regional body or division of the State Migration Service of Ukraine;Permission from the Ministry of Foreign Affairs of Ukraine to issue visas to family members of a person recognized as a refugee in Ukraine or a person in need of additional protection or granted temporary protection in Ukraine;Original standardized invitation for study (internship) issued by a higher education institution and registered in prescribed manner at the Ministry of Education and Science;Invitation from the state institution, enterprise or organization that is a recipient of international technical aid;Invitation from a duly registered by the State body religious organization, for long-term stay in Ukraine for religious matters;Invitation from the branch office, divisional office, representative office or any other structural cell of a duly registered foreign public non-governmental organization;Invitation from a duly registered foreign representative of a foreign business entity approved by the Ministry of Economic Development and Trade of Ukraine;Invitation from a duly registered branch office or representative of a foreign bank;Petition from a foreign mass media approved by the State Committee for television and radio broadcasting;Foreign government’s petition for diplomatic and consular staff, or staff and representatives of international organizations who enter Ukraine for long-term stay to perform their professional duties and for their family members;Invitation from the relevant government agency responsible for the implementation of cultural, educational, scientific, sports, volunteer programs, - for foreigners or stateless persons who enter Ukraine to participate in such programs, or volunteer organization duly registered in Ukraine;Document which confirms the fact of marriage to Ukrainian citizen (in case the marriage is contracted abroad, the marriage certificate should be apostilled or legalized in the state of its origin pursuant to the Law of Ukraine “On International Private Law);Document confirming that a person is a family member of a foreigner or stateless person who have temporary residence permit in Ukraine (documents issued by the competent authorities of a foreign country should be legalized, unless otherwise provided by law or international treaty of Ukraine, and submitted with a duly certified translation into Ukrainian, and if this is not possible - in English), a copy of the relevant temporary residence permit, and of the standard form, which confirms the proof of sufficient financial means to maintain family members in Ukraine;Other documents if required by International Agreements of Ukraine.Visa application should be accompanied by the following documents:1) Duly filled in application form;2) Passport (valid for at least three months after the declared exit date from Ukraine, issued no more than ten years ago and contains at least two spare pages);3) Copies of all pages of the applicant`s valid passport that contain any information such as passport data, residence address, data of the parents and spouses, visas and entry/exit stamps;4) Bank statement for the last six months certified by the issuing bank, confirming sufficient funds for the period of intended stay in Ukraine or the host party’s letter of guarantee that it undertakes all the expenses related to the foreign citizen’s or stateless person’s stay in Ukraine and exit from Ukraine;5) Insurance policy (original and copy) for the period of intended stay in Ukraine. In case of multiple entry visa, the insurance policy for the period of the first intended stay in Ukraine should be submitted.If required, the authorized staff may ask a foreign citizen or stateless person who is applying for a visa, for an additional interview and any additional documents to clarify the purpose of traveling such as:Documents confirming booking or payment for accommodation;Documents proving that a foreign citizen or stateless person has sufficient funds for the whole period of stay in Ukraine and for return to the home country or a lawful way of receiving such funds while staying in Ukraine;Round trip air tickets or other documents demonstrating the foreign citizen’s or stateless person’s intention to leave Ukraine before the visa expires.Applicants for student visa (“D” type) along with the application have to submit the following documents:1. Original of invitation for study and its photocopy;2. Original of birth certificate and its photocopy with translation into Ukrainian language;3. Original of school-leaving certificate with transcript of marks and their photocopies with translation into Ukrainian language;4. Medical certificate of general fitness and its photocopy issued no more than 2 months before University studies’ process begin;5. Original of affidavit (sponsorship letter), which has to contain: a full name of a sponsor, his/her address, telephone numbers, e-mail, and obligation of a sponsor to cover expenses (stating sum of expenses) of an applicant;6. Photocopy of sponsor`s ID/passport;7. The original of person’s or sponsor’s bank statement for the last six months. Minimum amount should be sufficient to cover all applicant’s expenses during his/her first year in Ukraine (tuition fees and daily expenses);8. The insurance policy valid for the period of stay in Ukraine and its photocopy.Birth certificates, school-leaving certificates and medical certificates must be legalized by the relevant Ministry of foreign affairs.Regular visa is issued on the 15th calendar day from the date of submission of the visa application and supporting documents. Decisions can be extended to 30 calendar days in the case of further investigation.Express visa is processed within 2 working days from the day of submission and costs double price.Submission hours:Monday, Tuesday, Wednesday, Thursday, Friday from 10.00 a.m. to 1.00 р.m.Collection hours:Monday, Tuesday, Wednesday, Thursday from 4.00 p.m. to 6.00 p.m.Friday from 12.00 p.m. to 1.00 p.m.TO THE ATTENTION OF APPLICANTS1. All applicants visiting the Embassy of Ukraine in the Republic of India for submitting their applications are advised to book an appointment.The appointment can be booked over the phone (+911126145093) or via email ([email protected]).2. The applicant should submit the original of the payment slip to the Embassy at the date of submission of visa application and supporting documents.3. Visa Application form should not contain any corrections related especially to the name, passport details of the applicant, dates of proposed entry into/exit from Ukraine, number of entries, date of submission and etc.4. All necessary documents for Ukrainian visa in original should be submitted with 1 attached copy of each document except bank statement and application form.Tariffs of consular fees to be paid as of June 1st , 2015 for VISA ISSUING ACTIONS in the Embassy of Ukraine in the Republic of IndiaConsular fees have to be deposited to the Embassy’s accounts in the Ratnakar Bank Limited.Accounts details:Account name: Embassy of Ukraine ConsularCustomer ID No. 2091172INR Account No. 409000315329 (to pay in Indian Rupees)USD Account No. 409000315310 (to pay in US Dollars)Ratnakar Bank Limited address:23, Basant Lok MarketCommunity CentreVasant Vihar, New Delhi 110057IN CASE OF VISA REFUSAL, THE CONSULAR FEE IS NOT REFUNDED.GROUNDS FOR VISA REFUSAL OR VISA CANCELLATIONDecision on visa refusals can be made in the following cases:1) necessity to ensure national security or public order protection;2) necessity of health protection, protection of rights and legal interests of Ukrainian citizens and other persons residing in Ukraine;3) availability of information about the foreigner or the stateless person in the database of persons denied entry into the territory of Ukraine in accordance with law;4) travel document presented by the foreigner or the stateless person is forged, damaged, different from the original specimen or belongs to another person;5) intentional submission by the foreigner or the stateless person of untrue information or forged documents;6) disclosure of the fact of violation of the legislation of Ukraine by the foreigner or the stateless person during his/her previous stay in Ukraine;7) justification for the purpose of the intended stay was not provided by the foreigner or the stateless person;8) intention of the foreigner or the stateless person to leave the territory of Ukraine before the expiry of the visa could not be ascertained;9) revocation of the visa was requested by the foreigner or the stateless person.A foreign citizen or stateless person who has been refused a visa, has the right to challenge the decision with the Head of the Diplomatic Mission who considered visa application. The applicant can reapply, with proof of visa refusal, and a letter of appeal, within two months from the date of the visa refusal.If a foreign citizen or stateless person decides to withdraw the visa application, he/she loses the right to appeal. Visa may be cancelled in accordance with Ukrainian law.IMPORTANT INFORMATION!In accordance with the updated Ukrainian migration legislation, foreign travelers are required to present the proof of their financial status for the purpose of a selective control at Ukrainian border checkpoints while entering (including transit) the territory of Ukraine.In this regard Indian, Bangladeshi, Nepalese and Sri Lankan nationals who are visiting Ukraine for one month are to possess the financial assets equal to 23 520 Ukrainian HRN upon their arrival.The proof of traveler’s financial status can be confirmed at the checkpoint upon arrival to Ukraine by presenting to officers of the State Border Guard Service of Ukraine the following documents:- the amount in convertible currency which is equal to 23520 HRN;- a valid bank document containing money amount which can be presented for payment in Ukrainian banks (e.g. travelers cheques of American Express, Visa, Thomas Cook, Citi Corp., Bank of America, Swiss Bakers Travelers Cheques etc.);- international pay system cards along with a statement of personal account (e.g. Visa International, CONTACT, Western Union, MoneyGram, MIGOM, Interexpress, VIGO, American Express, Xpress Money, Coinstar Money Transfer, MasterCard International, BLIZKO, MONEY EXCHANGE, U.S. Money Express, FLASHCHEQUE, Faster, UNITED EUROPHIL, Caspian Money Transfer, RIA Financial Services (RIA Money Transfer), MEEST etc.);- a document which proves hotel or residence booking;- a tourist voucher;- a warranty letter issued by a private entrepreneur or legal entity which confirms that inviting organization (person) bears all the expenses related to the foreigner's stay on the territory of Ukraine;- a traveler’s return ticket.