Public sector banking major Indian Overseas Bank on Wednesday launched an Internet-based online remittance product 'e-Cash Home', providing a fast channel for the United States-based non-resident Indians to remit money back home.
Describing non-resident Indians and Persons of Indian Origin as Citizens of India Overseas, Science and Technology Minister Kapil Sibal on Tuesday asked them to invest in the manufacturing sector to give a boost to employment generation in the countr
According to police, witnesses tried unsuccessfully to rescue Rishi from the burning BMW.
Deposits by NRIs with persons other than authorised dealers or banks, out of inward remittances from overseas or by debit to NRE or FCNR(B) accounts, will not be permitted with immediate effect.
The flow of NRI funds witnessed a substantial increase of about 40 per cent in the year 2003-04 against the previous financial year
Prosecutors have confirmed that 42-year-old Viktors Dembovskis, who was arrested earlier this month and is in custody in Preile in Latvia, would be handed over to the UK police, they said.
The government expects non-resident Indians to pump in about $500 billion into the burgeoning forex reserves of the country in the next 10 years, making them the single largest source of foreign receipts.
Meso America, a venture promoted by two non-resident Indians selling food service products in the United States on Thursday announced its entry into the Indian market in partnership with another US company Polar Ware.
The government on Friday hiked foreign investment ceiling in private banks from 49 to 74 per cent and allowed foreign banks to set up subsidiaries in the country.
Deposit rates for non-resident Indians may rise following Tuesday's rate hike by the US central bank Federal Reserve and due to the impact of forthcoming India Millennium Deposit redemptions worth over $7 billion, bankers said on Wednesday.
The Reserve Bank of India's move to raise ceiling on NRE rupee deposits have prompted IDBI, Union Bank of India and Yes Bank to increase interest rates on fixed deposits of non-resident Indians.\n\n
NRIs transferring money can call MoneyGram's toll free number at 1-800-MONEYGRAM to find a convenient US Bank location.
It is also considering to hike FDI cap for public sector from 20 per cent to 49 per cent
He has been appointed a member of the Science and Technology Select Committee of the House of Lords.
Forbes has named Vodafone CEO Arun Sarin and steel baron Lakshmi Mittal among Europe's Power25: the most powerful people in business.
Foreign investment in news channels includes FDI, FII, External Commercial Borrowings and investment by NRIs.
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