A longstanding wish of millions of Non Resident Indians for voting right in India has come true with the Centre issuing a notification to this effect to enable them to exercise their franchise.Parliament had in the monsoon session passed the Representation of People (Amendment) Bill, 2010 to allow NRIs to vote in Indian elections and now government has issued a gazette notification in this regard.
There has been an upsurge in hiring of Non-Resident Indians and expats by companies in the country in the past two years, thanks to improved infrastructure and competitive compensation levels, experts say.
Besides low interest rates, a reduction in active Covid cases and strong high-frequency macro data have lifted the sentiment of both corporate India and the stock markets.
The current global downturn has made India even more desirable to Non-Resident Indians who are bullish about the country's growth and continue to invest heavily in the country of their origin, a report said.
Non-Resident Indians and Indian nationals abroad can deposit up to Rs 25,000 of the demonetised currency during the 3-6 month grace period, but only if they show the junked notes to Customs officials at the airport and get a declaration form stamped.
A recent pre-election survey suggests that AAP may win 53 seats in the 117-member Punjab assembly and reduce the Congress to just 43.
The bonds were available for seven years. Since these were not traded in the secondary market, redemption took place at maturity.
Cases with the Omicron variant have already been detected in Karnataka and Gujarat.
Ruling out any provision for a Non-Resident Indian nominee in Indian Parliament, Minister for Overseas Citizens Vayalar Ravi has asked the diaspora to make 'intellectual' contribution to their motherland along with financial investments.
According to the Income Tax Act, there are two main benefits available for senior citizens. First, a higher exemption limit of Rs 1,95,000 for someone who has crossed 65 years. Also, there is a higher deduction of Rs 20,000 available for payment of premium for a medical or a health insurance policy.
Diaspora groups in the UK urged for calm and advised non-resident Indians and people of Indian origin to follow the new lockdown rules, which mean a majority of the UK is under the strictest lockdown with all non-essential businesses now closed.
The Budget proposed abolishing the under-performing, authority of advance ruling, to replace it with a two-member board of advance ruling.
Hopes soar on currency gaining more if Modi becomes the Prime Minister.
The run in equities, coupled with high interest rates, makes both the debt and stock markets attractive.
Three non resident Indians were awarded gold medals for their outstanding contribution to the community.
However, both developers as well as analysts are hopeful that these business metrics will pick up once activity resumes.
Non-resident Indians have offered to invest $2.7 billion for developing a city within a city, Minister for Non-Resident Affairs Jagdish Tytler said on Thursday.
Pratip Chaudhuri said such bonds might expose issuing entities (banks) to class action suits in the US for making an offer to a specific ethnic group in that country.
Narendra Modi should worry about fact-checking.
However, under the new provisions, OCI cardholders need to carry their new passport.
From a credit risk perspective, there does not seem to be immediate danger.
These situations require mandatory filing of Income Tax Return as per the provisions of the Income Tax Act, 1961
'I am not saying we will get $10 billion from overseas Indians at the end of the Pravasi Diwas conference. We will get just a trickle but the interest will be generated,' says FICCI Secretary-General Amit Mitra.
Nagarjuna Akkineni looks young in his forthcoming film Greeku Veerudu.
Experts said the rules will help curb market manipulation and money laundering, which could take place during the transfer of shares between residents and NRIs.
Mauritius President Rajkeswur Purryag is among the 15 persons and organisations selected for the Pravasi Bharatiya Samman awards for this year.
Giving a platform to Keralites in the Gulf to air their grievances, an exclusive session on Non-Resident Indians in that region was held as the 11th Pravasi Divas began in Kochi on Monday.
The infamous Devinder Singh alias Bunty Chor, who has committed over 500 burglaries across the country, has been arrested in Karnataka, claim the Kerala police. However, their counterparts in Karantaka have denied the reports.
NRIs can lock into NRE/NRO fixed deposits, buy real estate and invest in long-term equity investments.
In a fresh trouble for Non-Resident Indian beautician Nooriya Haveliwala, the Maharashtra government on Friday moved the Bombay high court seeking enhancement of punishment awarded to her for drunken driving and culpable homicide.
Delhi-NCR and Mumbai are still the most preferred destinations for NRIs to buy property, say property brokers.
With the rift in AAP deepening, NRI supporters of the party have appealed to its leadership to stand united and resolve all their differences peacefully.
Indian embassies in the Gulf region have advised Non-Resident Indians staying in the region not to carry large amount of Indian currency when travelling to India.
"7.75 per cent savings bonds scheme notified. Would replace 8 per cent scheme. Will be effective from 10th January. This sequenced notifications and gap of a week was necessary to avoid overlap in cheques realisations," Economic Affairs Secretary S C Garg said in a tweet.
Nooriya Havelivala, the non-resident Indian beautician who has filed appeal against her conviction in a hit-and-run case, on Friday sought bail from the Bombay high court.
Important source markets for inbound tourism such as Europe, the US and the UK have been reeling under slowdown pressures, thereby bringing down tourism.
The outreach initiative has been launched in the wake of a directive from the Indian government asking consulates to have regular interaction with Indian nationals to understand their problems and come up with solutions.
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