Osama & After 10
Business 24
Fashion 27
Spiritual Awareness 30
NEW YORK EDITION Vol.4 No.5
May 21-27, 2011 60 Cents
TheSouthAsianTimes.info
Bobby Jindal plays with birthers in Louisiana
One-third of India ruled by women CMs
UN commemorates 2500 years of Buddhism
Bollywood makes Cannes sing and dance
US Affairs, Page 9
India, Page 13
Religion, Page 15
Bollywood, Page 16
Attack on Pak will be attack on China: report China reportedly warned US at the joint strategic dialogue in Washington. Islamabad: In the wake of the US raid in Abbottabad that killed Osama bin Laden, China has "warned in unequivocal terms that any attack on Pakistan would be construed as an attack on China", a media report claimed Thursday. The warning was formally conveyed by the Chinese foreign minister at last week's China-US strategic dialogue and economic talks in Washington, The News daily quoted diplomatic sources as saying. China also advised the US to "respect Pakistan's sovereignty and solidarity", the report said.
Chinese Premier Wen Jiabao holds a welcoming ceremony for his Pakistani counterpart Yousuf Raza Gilani in the Great Hall of the People in Beijing on Wednesday. Chinese Premier Wen talks at the Great Hall of the Jiabao informed his People Wednesday. The two Pakistani counterpart leaders held a 45-minute Yousuf Raza Gilani about meeting before beginning the matters taken up with talks with their delegations. Continued on page 4.... the US during their formal
Hindus second most affluent in US New York: It has been a widely held belief in the community, but there is an official stamp on the rising affluence of Indians in America. According to a survey by the Pew Forum on Religion and Public Life, Hindus are the second most affluent community in the US after a Jews sect. The survey found that 65 percent of Hindu households made over $75000 a year, coming second after Reform Jews who had 67 percent
households in the same income category, compared with just 31 percent of the population as a whole. One key factor for the vast income discrepancies among religious groups is the relationship between education and income. Indians are well known for pursuing high education levels. Then, people who make more money can send their children to better schools, exacerbating the advantages their community had.
IRS wants you to disclose your offshore bank accounts By Parveen Chopra New York: Last month two high profile cases of Indian Americans prosecuted for evading taxes by keeping big sums in undeclared accounts in HSBC India created a stir in the Indian community. More is in store. The IRS (Internal Revenue Service) is now authorized to compel HSBC to divulge details of US citizens or green card holders using accounts at HSBC India. The South Asian Times has now learnt that besides bank transactions, even assets and inheritance is likely to come under government scrutiny. US gov-
Prosecution in high profile cases of Indian Americans is aimed to force compliance. Assets, inheritance also likely to come under scrutiny. ernment agencies may get access to that information through PIO (Person of Indian Origin) and OCI (Overseas Citizen of India) cards. The US may also approach Indian government in seeking information on Americans with Indian bank accounts under the Double Taxation Avoidance Agreement. HSBC is already falling in
line. Its spokesperson said, “HSBC does not condone tax evasion and fully supports US efforts to promote appropriate payment of taxes by US taxpayers.� So, it is prudent to declare global income and any foreign bank accounts with more than $10,000 during a tax year. Failure to do so can invite fine of up to 50% Continued on page 4....
Two Sikhs inducted as ministers in Canada
Toronto: Two Sikhs were named to the new Canadian cabinet announced on Wednesday. In a major surprise for the millionstrong Indo-Canadian community, first-time MP Bal Gosal from a constituency in Toronto was made minister of state for sport by Prime Minister Stephen Harper whose Conservative Party was returned to power with a majority in the May 2 elections. A Sikh from a village near Jalandhar, 50-year-old Gosal, who is an insurance broker by profession, had defeated six-time MP Gurbax Malhi. Malhi himself had created history in 1993 by becom-
Tim Uppal
Bal Gosal
ing the first turbaned Sikh MP in the western world.
Tim Uppal, a 37-year-old Continued on page 4....