Flows from overseas Indians into Non-Resident Indian (NRI) deposit schemes have fallen by 24.17 per cent to approximately $11.04 billion between April 2025 and February 2026, down from $14.56 billion in the previous year, according to Reserve Bank of India (RBI) data.
The atmosphere in Ahmedabad ahead of the T20 World Cup final between India and New Zealand is markedly different from the previous final, with Indian fans confident of victory. New Zealand skipper Mitchell Santner acknowledges the overwhelming support for India while rallying Kiwi fans back home.
Rahul Gandhi engaged with German think-tanks and addressed the Hertie School in Berlin, discussing India's trajectory, democracy, and global cooperation. He also addressed the Indian community, emphasizing the importance of truth and democratic values.
India have slumped to 142 in the FIFA rankings -- their lowest in nearly a decade.
The Indian government informed the Lok Sabha that over two lakh Indians renounced their citizenship in 2024. The data, provided in response to queries, highlights a trend of increasing citizenship renunciations in recent years.
Non-resident Indians (NRIs) haven't gone big on the Indian stock market story despite the post-pandemic boom. While domestic participation through mutual funds (MFs) and dematerialised accounts has soared, NRI participation figures show limited signs of a similar rise.
India briefed envoys of around 45 nations on the Pahalgam terror attack and its link to cross-border terrorism. The envoys were briefed in two batches by senior officials of the Ministry of External Affairs (MEA). India also announced punitive measures against Pakistan, including expulsion of Pakistani military attaches, suspension of the Indus Water Treaty of 1960 and immediate shutting down of the Attari land-transit post. Pakistan responded by shutting its airspace to all Indian airlines and suspending trade with New Delhi.
All India Football Federation president Kalyan Chaubey said the governing body has been actively working on policies to integrate Overseas Citizens of India (OCI) players into the national team setup.
The Election Commission of India has released detailed statistical data from the 2024 Lok Sabha elections, revealing a record voter turnout of 64.64 crore, with women outnumbering men. The data also highlights the participation of women candidates and the use of postal ballots, along with insights into overseas Indian electors.
Underlining the contribution of non-resident Indians, Union Finance Minister Nirmala Sitharaman on Tuesday said remittances sent to the country by overseas Indians were about $100 billion for the year 2022, an increase of 12 per cent in one year. Speaking at a session during the Pravasi Bharatiya Divas (PBD) convention in Madhya Pradesh's Indore city, she described NRIs as the "real ambassadors of India" and appealed to them to use made in India products and services as far as possible so that the country's individual brand can be promoted across the globe. Sitharaman also said that after the "China plus one" policy, the world is now talking about the "European Union (EU) plus one" policy.
The Indian Diaspora has been able to carve a niche in their adopted countries as a result of their talent, perseverance and hardworking nature, asserts Rup Narayan Das.
The Indian government has informed Parliament that there are currently over 10,000 Indian prisoners, including undertrials, in foreign jails. The Ministry of External Affairs shared country-wise data, with Saudi Arabia and the UAE having the highest number of Indian prisoners. The government has assured that it prioritizes the safety and well-being of Indians abroad and provides consular assistance, legal aid, and financial support to those imprisoned.
Overseas Indian affairs minister Vayalar Ravi said Government was in the final stage of establishing a 'Return and Resettlement Fund' that will provide 'reasonable level of financial security' to the overseas returnees.
Finance minister Pranab Mukherjee on Saturday clarified doubts raised by overseas Indians over double taxation of global income of resident Indians while speaking at the Pravasi Bharatiya Diwas 2011.
Issuing the clarification after Minister for Overseas Indian Affairs Vyalar Ravi brought it to his notice, Mukherjee spelt out what makes for a resident Indian.
Overseas Indian affairs minister Vayalar Ravi said on Wednesday investment promotion, sharing of knowledge and property issues relating to the expatriates will be among the main themes of the three-day meet to be inaugurated by Prime Minister Manmohan Singh on January 8.
If 74.9 per cent of NRI voters are from Kerala, Andhra Pradesh at 6.4 per cent, Maharashtra at 4.7 per cent, Tamil Nadu and Telangana at 2.9 per cent each follow way behind.
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The chief ministers deviated from their prepared speech copies and went all out to woo the NRIs and PIOs as they explained the development initiatives being taken by their respective governments in achieving inclusive growth.
President Pratibha Patil on Monday conferred the Pravasi Bharatiya Samman awards to 14 eminent overseas Indians, including Trinidad and Tobago Prime Minister Kamla Persad-Bissessar, and a Canada-based institution, for their outstanding contributions in enhancing India's image globally.
Minister of State for External Affairs E Ahamed has said India is deeply concerned about the welfare of the four million overseas Indians and the country's foreign policies are framed taking this factor into account.
The returnees included all Indians like overseas Indians, students, tourists, and businessmen.
Overseas Indian workers are located in two regions -- the Middle East and developed countries such as the US, UK and Canada, ADB said. Those in the Middle East are mostly unskilled labour employed in construction and oil-related services while overseas Indians in the developed countries include skilled labour in the banking and information technology industry. 'Consequently, it is almost inevitable that remittances will decline,' the report said.
The Securities and Exchange Board of India (Sebi) has permitted 100 per cent contribution from non-resident Indians (NRIs) and overseas citizens of India (OCIs) in the corpus of foreign portfolio investors (FPIs) based out of Gujarat International Finance Tec-City (GIFT City), the country's international financial services centre (IFSC). However, the Indian diaspora is yet to fully embrace this new route. The regulator allowed this route to enhance the fund ecosystem at GIFT City and attract genuine investments from overseas Indians.
'I would think that India faces less damage from opinions voiced overseas compared to the damage it suffers if the right to free speech of its citizens is curtailed in the name of image management,' asserts Shyam G Menon.
As per figures made available on Monday, although the ministry was given an allocation of Rs 65 crore (Rs 650 million), it could spend only Rs 45 crore (Rs 450 million) last year. This ministry had made a representation to the finance ministry seeking an allocation of Rs 85 crore (Rs 850 million) for the current year.
Gandhi, 47, begins his nearly two-week trip to the US with an address at the University of California, Berkeley, tomorrow on contemporary India and the path forward for the world's largest democracy.
'Despite rising inflows, many NRIs lack awareness about NRO and NRE accounts and mistakenly use family accounts or invest in a relative's name.' 'Many are unaware of tax implications.'
In the volatile international situation where 'nativism' is on the rise and immigrant communities are being targeted, the Leader of the Opposition's statement is like adding fuel to fire. If the Indian diaspora numbering 4 crores is threatened it will constitute a grave threat to national security, warns Colonel Anil A Athale (retd).
The parliamentary panel, headed by Bharatiya Janata Party's Sushil Kumar Modi, has also decided to examine remote voting and e-postal ballots for Indians residing abroad.
The net outward foreign direct investment went up from $9.1 billion in 2017-18 to $12.6 billion in 2018-19 and moved further north to $13 billion in 2019-20.
Sahara India launched Sahara Care House, a single window service platform for global Indians.
The Securities and Exchange Board of India (Sebi) may allow non-resident Indians (NRIs) and Overseas Citizens of India (OCIs) greater exposure to domestic equities if their investments are sent through foreign portfolio investors (FPIs) registered at the GIFT City International Financial Services Centre (IFSC). The proposal will be taken during Sebi's board meeting on Saturday along with other key agenda items such as easing of voluntary delisting mechanism and introduction of a regulatory framework for real estate fractional ownership platforms, said people in the know. At present, the combined holdings of NRIs and OCIs in a global fund have to be less than 50 per cent, while that of a single NRI or OCI is capped at 25 per cent.
Soma Ravi, an Indian caregiver in Ramat Gan, recounts the last 4 days in Israel and says the Indian embassy has been in constant touch.
India and Saudi Arabia on Monday decided to expedite implementation of the $50 billion West Coast refinery project, and identified energy, defence, semiconductor and space as areas for intensified cooperation during talks between Prime Minister Narendra Modi and Saudi Crown Prince Mohammed Bin Salman Bin Abdulaziz Al-Saud.
As news of the highly anticipated overseas citizenship scheme sunk in, the country's mission has been fielding frantic enquiry calls from people of Indian origin regarding its formalities.\n\n
As India's diplomatic tensions with the Land of the Maple Leaf escalate, so do the anxieties of countless Punjabis.
India and Saudi Arabia on Monday called on states to reject the use of terrorism against other countries and prevent access to weapons, including missiles and drones, to commit acts of terror.
Overseas Indians in 71 countries to be given special benefits
A Non-Resident Indian charitable body has urged Prime Minister Manmohan Singh not to tax income from NRI deposits saying such a move will be a big blow to the Indians in the Gulf, majority of whom are from low income groups.
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