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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Satya Podury who wrote (3195)	11/10/1998 9:00:00 PM
From: ratan lal	Read Replies (1) \| Respond to of 12475

Not sure about the less than $10,000 reporting requirements. There is an IRS form on which foreign accounts have to be reported. And you report interest the same way you would report interest, of course without the form 1099 which foreign banks will not provide. My accountant has that as one of the questions I need to answer on page 1.

To: Satya Podury who wrote (3195)	11/15/1998 10:51:00 AM
From: Mohan Marette	Respond to of 12475

The Hinduja communique-If not today,then tomorrow. economictimes.com 'Q: Why is it that Indians abroad are so successful, but India is yet to catch up with the world? A: There is nothing lacking in Indians. They have a lot of talent, a deep-rooted entrepreneurship. But all this comes out best overseas. What is lacking in India is free market facilities and free market policies. If they were similar to those abroad, we would have a nation of entrepreneurs - all 900 million people of India! The Hinduja National Hospital (in Hyderabad), for example has world class doctors, we have only Indian doctors. And they are equal to the best in the world. When we left India we did not go with any fortune, we did not take any foreign exchange. All that we have done, we have done with the same talent that other Indians have. We have generated revenue. Now India is acknowledging this reality: that overseas Indians can do something for our country.'