In a bid to target Resurgent India Bondholders looking at long-term investment opportunities, SBI Life Insurance Company Ltd on Monday introduced 'Setubandhan', a policy aimed at non-resident Indians with an assured return of five per cent per annum.
Forex inflows may slow down and banks may be deprived of cheap funds if the government accepts Reserve Bank of India's suggestion to tax non-resident Indian deposits, bankers warned on Wednesday.
Observing that India is making remarkable progress, Lord Swraj Paul has said that if it continued to do so, it would emerge as a developed nation on the strength of its economic progress as also its human rights record.
The Indian MF industry offers a great investment opportunity to NRIs.
India today offers a great investment opportunity to NRIs and foreign investors, but investors must take adequate precautions while committing funds.
Mauritian Premier Anerood Jugnauth, former Commonwealth secretary-general Sridath Ramphal, British MP Navneet Dholakia and McKinsey partner Rajat Gupta are among them.
In a bid to retain Resurgent India Bond holders and attract other non-resident Indians, State Bank of India on Friday announced two new schemes for a limited period from September 24.
India cannot be rich by its service sector alone but will have to improve its manufacturing industry and make world-class products to compete in the international market, Lord Swraj Paul, leading non-resident Indian industrialist has cautioned.
The West Bengal will appeal to the larger bench of the SC against an order of the court scrapping admission of 69 NRI students.
He said he will not be able to return to India in the current accounting year, as any longer stay in India will hamper his non-resident Indian status.
As a part of its growth strategy, Dena Bank plans to open at least 40 'Finmarts', which will provide nine kinds of loans, across the country, a top bank official said.
Cobra beer, produced by Karan Bilimoria - a leading non-resident Indian based in the United Kingdom - has won Brussels' prestigious Monde Selection award for the third successive year for its superior quality.
London-based non-resident Indian steel magnate Lakshmi Mittal more than doubled his fortune in the past year to £3.5 billion and is set to top a list of Britain's wealthiest Asians.
The NRI, who flies around 560,000 km a year in his private jet to pursue deals, increased his fortune by almost £2 billion to £3.1 billion in the last one year, The Mail on Sunday said.
The Bharatiya Janata Party on Wednesday hit back at Rashtriya Janata Dal supremo Lalu Prasad Yadav for calling Prime Minister Narendra Modi a non-resident Indian, saying there is no need to take any advice from a person who is outside jail at the moment and challenging his conviction.
But more than 200 people from 19 countries are carrying on the fast.
Leading non-resident Indian industrialist Lord Swraj Paul on Monday said India should stop craving for foreign investments for economic growth as the Indian economy has much more potential and it does not require outside help.
Non-Resident Indians in the Gulf have urged Finance Minister Jaswant Singh to retain the present tax benefits for NRIs returning home permanently and not abolish the Not-Ordinarily Resident status now valid for nine years.
Less than one-third of the $14 billion remitted to India by Non-Resident Indians every year go through the legal channel, K Noorjehan, chief postmaster general, has said.
The government is talking to certain countries on the issue of extending dual citizenship to non-resident Indians and People of Indian Origin, Prime Minister Atal Bihari Vajpayee told the Rajya Sabha on Tuesday.\n\n
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