found the official press release, and they mention smart card will be an option soon
According to the official press release.., the bill will be introduced in the monsoon session. I am confused about the procedures.. i thought the bill was already approved. but anyways... they plan to introduce the smart card also.. so maybe the monsoon session will approve smart cards..
here is the press release.
http://pib.nic.in/release/release.asp?relid=9729&kwd=overseas+citizen
and here is the previous press release given by Jagdish Tyler illustrating the advantages of the OCI...
http://pib.nic.in/release/release.asp?relid=2529&kwd=overseas+citizen
here is the snippet from the 1st press release:
The Union Cabinet today gave its approval for amendment of the Citizenship Act, 1955; and amend Allocation of Business Rules and to allow Ministry of Overseas Indian Affairs (MOIA) to issue notifications under Section 7B(1) of the Citizenship Act, 1955 and issue smart cards to registered Overseas Citizens of India (OCIs).
The Bill will be introduced before the Parliament in the coming Monsoon Session.
YSR/DS/HS/LV
and here is the snippet from content of the 2nd press release..
The PIOs get many benefits from Overseas Citizenship. These include:
o Issuance of a registration certificate on being granted Overseas Citizenship;
o Issuance of overseas citizen passport;
o No requirement of visa for travel to India (both passports will be required to be presented while travelling to/from India);
o No registration formalities for staying in the country up to 180 days;
o No separate documentation required for admission in colleges/institutions or for taking employment;
o Parity with non-resident Indians in respect of facilities available to the latter in the economic, financial and educational fields;
o Facilities as available to children of NRIs for obtaining admission to educational institutions in India, including medical colleges, engineering colleges, institute of technology, institute of management etc. under the general category.
Shri Tytler said that the benefits accruing to India by providing dual citizenship are:
o Strengthening of emotional and cultural ties with India
o Important role of PIOs in the development process
o Foreign investment in various sectors
o Transfer of technology
o Greater coordination with motherland