Prime Minister Manmohan Singh on Sunday told the ongoing Pravasi Bharatiya Divas at Jaipur that Non Resident Indians should be allowed to vote and participate in the election process. Some NRIs at the event tell A Ganesh Nadar what the PM's statement means to them
Non-resident Indians are investing in well-established small and medium enterprises in India
Two police officers from Punjab, S K Sharma, additional director general of police, and Gurpreet Kaur Deo, inspector general of police (non-resident Indian affairs), were in the San Francisco Bay Area December 13 to address the grievances of the community.
Most developers Business Standard spoke to claimed a 25 to 30 per cent spurt in sales to NRIs over the last two months.
The total external debt of $426 billion showed an increase of $21.1 billion over the March-end level.
It's baffling that highly trained professionals who have migrated in search of better incomes and creature comforts, and whose number includes some 200,000 millionaires, should still feel so vehemently about the landscape they have abandoned.
According to a study by MyHiringClub.com, a recruitment tendering platform, hiring of NRIs accounted for 21 per cent of total recruitment activity during April-June, 2011, compared to 16 per cent in the year-ago period, representing a growth of 5 per cent.
The Securities and Exchange Board of India will notify the rules by August 1.
The note recommends allowing FDI in domestic firms through the issue of partly-paid up shares and convertible warrants, but with certain riders.
Hit by sluggish sales at home, realtors are wooing non-resident Indians (NRIs). A slew of property exhibitions have been lined up at Dubai, Singapore, London, Durban and New York over the next three-four months.
We check out a few super-luxury homes on offer in metros that come with a garden and a swimming pool.
While many are getting stranded because of lack of clarity regarding the visa rules following the novel coronavirus outbreak, others are stranded in transit as even OCI cardholders are being turned away
'There is an bligation on Finance Minister and Prime Minister to take the country into confidence'.
One cannot open a savings bank account, have a fixed deposit or a public provident fund.
Millions of NRIs wishing to get voting rights may have to wait a little longer to see their names in electoral rolls as differences between the government and the Election Commission have resulted in a delay in finalising the modalities for enrolment.Overseas Indian Affairs Minister Vayalar Ravi on Tuesday said two rounds of discussions have already been held between the Election Commission, the external affairs ministry and his ministry to finalise the modalities.
A career Citibanker, 'Selva' came into the spotlight as the person who rewired the financial behemoth's Indian retail operations.
The government can argue the change targets only those residing abroad but the fact remains that it does affect the kin and friends in India of non-residents.
The ministry said it was an anti-abuse provision amid growing instances of NRIs shifting their stay in low or no-tax jurisdiction to avoid tax payment in India.
Several Assamese-origin students studying in American universities met with Indian embassy officials to deliver a letter to President Pranab Mukherjee on the killing of over 32 Muslims in Assam as a result of election-related violence there. Aziz Haniffa reports
Private sector lender ICICI Bank on Monday launched I-Express, an instant cross-border money transfer option for Non-Resident Indians (NRIs).
Sivasankran alleges Maran had forced him to sell Aircel.
The real estate industry will witness new launches in the premium residential segment in 2011, on the back of demand revival and good prospects in the economy, albeit at a slower pace.
At the annual Pravasi Bharatiya Divas, organised by the government ostensibly to celebrate the country's connection with the 27-million-strong Indian diaspora living in 150 countries, Mr Ahluwalia said last Sunday that India was reaching out to NRIs not for their money, but because it valued the long, socio-cultural footprint all Indians living in India and abroad shared.
The Election Commission's insistence on physical verification of millions of non-resident Indians wishing to get voting rights has led to delay in finalizing modalities for entry of their names in electoral rolls.
Replying to a debate on the Representation of People (Amendment) Bill, 2010 to allow NRIs to exercise their franchise in Indian elections, Law Minister M Veerappa Moily said the government would hold a national consultation on comprehensive electoral reforms in two to three months.The Rajya Sabha had passed the bill on Monday.
The finance ministry has suggested easing of the rules for calculating foreign investment in a company. The proposed rules, which take out sundry entries of indirect investment, will make life easier for companies, which have high foreign institutional investment and face the risk of breaching sector-specific caps.
Monster.com says their logged number of non-resident Indians seeking jobs back in India has grown 65 per cent in the past year.
Procuring an Overseas Citizenship of India Card has become more difficult and expensive for non-resident Indians thanks to new rules introduced by the government. The new rule makes it compulsory to surrender the Indian passports (valid/expired) and get a surrender certificate after paying $175, in addition to the $275 charged for the OCI Card.Anyone acquiring foreign citizenship has to surrender his/her Indian passport within three months.
This year, for the first time, NRIs returning from the US are expected to outnumber those coming to this country from India.
Defending the new foreign investment guidelines released this week, commerce and industry minister Kamal Nath said on Friday the norms would not distinguish between different forms of foreign capital.
Educational institutions in India have a quota system for non resident Indians (NRIs). But the catch is that the fees are higher than what resident students pay.
Comedy, black, white or blue, is its effective best when spontaneous and born out of erratic, whimsical reactions against a perfectly genuine backdrop. Precisely why Phas Gaye Re Obama scores.
The four recommendations came from Civil Aviation Minister Praful Patel, Minister for Overseas Indian Affairs,Vayalar Ravi, member of US Congress Joseph Crowley and Dalis Adler, staff associate, sub-committee on the Middle East and South Asia under the House Committee on Foreign Affairs.
Court order follows submission of govt lawyers that Serious Fraud Investigation Office was probing a case of misappropriation of fund by Jet Airways and Goyal.
At present, the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, covers only resident Indians. The Finance Bill has expanded the definition of assessees to include NRIs.
The aid will directly benefit 25,000 people from some of the worst hit areas of the state, adding a humanitarian expert from the European Civil Protection and Humanitarian Operations has also been deployed to assess the situation in the state.
With controversy erupting over Padma Bhushan for Non Resident Indian hotelier Sant Singh Chatwal, the government stepped in to clear the air saying 'due diligence' was done before selection and that the Central Bureau of Investigation had closed three cases of financial irregularities against him.
'On the face of it, it is a WYSIWYG -- What You See Is What You Get -- reality series, but actually it is a show that perpetuates societal biases, stokes typecasts and stays sadly superficial,' notes ad guru Sandeep Goyal.
"Gone are the days of euphoric buying. Today, people are doing calculated buying. They are doing thorough due diligence, checking out the location," said Kunal Banerji, president, M3M India.
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