HDFC Bank on Tuesday launched an online remittance facility for NRIs in the US, UK and Singapore.
Shiv Sena chief Bal Thackeray has criticised Prime Minister Manmohan Singh's statement that the government was working towards granting voting rights to NRIs by the time of the next general elections.
The Indian diaspora remain bullish despite single-digit equity market returns since May 2014, says Pavan Burugula.
Even an investor with an appetite for risk can consider investing in fixed deposits to hold a complete and well-diversified portfolio across asset classes.
The exodus of foreign investments from Indian equity markets continued unabated, with FPIs pulling out nearly Rs 20,000 crore in the last five trading sessions on higher valuations of domestic stocks and shifting their allocation to China. As a result, foreign portfolio investors (FPIs) have turned net sellers in the equity market, with total outflows reaching Rs 13,401 crore for 2024 so far. Going ahead, the FPI selling trend is likely to continue in the near term till data indicate the piossibility of a trend reversal.
It's too bad Viijay 69 does not let the viewer feel Anupam Kher's despair or his triumph. The most forgettable 'zero to hero' films at least managed that much, notes Deepa Gahlot.
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As returns decline, with extent and time horizon uncertain, some of these investors look to shift to safer zones
The new service, Pravasi, will offer banking solutions for NRIs in India and Oman, with services ranging from basic remittance service, investments in international and Indian funds, wealth management solutions to demat accounts in India and Oman for trading in shares and retirement solutions, the bank said.
Interest on NRE accounts is tax-free, but the I-T department creates hurdles to tax these accounts.
NRIs hailing from the five poll-bound states will be able to vote in the elections for the first time but they will have to be physically present in their place of origin to exercise their franchise.
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.
In a pre-Budget memorandum to finance minister Pranab Mukherjee, the IndusInd International Federation said selective benefits may be offered to NRIs enabling them to make India the hub for their global activities.
However, finance minister Pranab Mukerjee did not commit himself to this proposal of floating infrastructure bonds, as this requires detailed examination and Parliamentary nod.
As Swades turns 20, Aseem Chhabra looks back at the film that spoke to him.
Non-basmati white rice accounts for nearly 25-30 per cent of total rice exported from the country.
If there is no possibility of NRIs coming to India to vote, why should they get enrolled, asks Chief Election Commissioner V S Sampath.
In a significant move, the 13th Pravasi Bharatiya Divas, to be held in Gujarat from January 7 to 9, might see the overseas citizen of India and person of Indian origin cards getting clubbed, External Affairs and Overseas Indian Affairs Minister Sushma Swaraj said on Monday.
The Reserve Bank said overseas investors, including FPIs and NRIs, can invest up to 26 per cent in insurance and allied activities through the automatic route.
RBI has allowed NRIs to invest in chit fund companies on a non-repatriation basis, subject to certain conditions
NRIs transferring money can call MoneyGram's toll free number at 1-800-MONEYGRAM to find a convenient US Bank location.
When an NRI returns to India, he should be aware of his tax residency status.
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.
In order to attract inflow of foreign currency, the Reserve Bank on Tuesday simplified rules governing investments by non-resident Indians (NRIs) portfolio investments like equities and debt.
Days after extending more benefits to Persons of Indian Origin, the government is set to accept the recommendations of a committee which has favoured voting for Non-Resident Indians through electronic means.
The Kerala government's attempts of garnering funds for its under construction airport ran into rough weather on Sunday when a group of NRIs questioned the 'agenda' behind the 'secrecy' of the details of private-public participation in the management and allotment of shares in the proposed airport. Matters got worse when a senior bureaucrat said that they were not asking 'ordinary' Keralites to invest, if they don't have the money.
India needs to come up with new ideas to make the Pravasi Bharatiya Divas more appealing to overseas Indians. The Diasporas talents should be used for the country's development, says Thomas Abraham, founder of the Global Organisation of People of Indian Origin
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.
Everyone (with some exceptions) whose estimated tax liability is Rs 10,000 or more in a financial year must pay advance tax.
If you are an NRI and have a business or asset in India, that provides you with income, you are required to pay income tax just like any other Indian. Indian taxation laws are quite different for NRIs and it is important that you are aware of what you are liable to pay.
India Health Card works similar to a debit card. The NRIs are required to load funds onto the card through the Internet and then use it to receive healthcare services from healthcare providers in India. If a patient's health care provider is not a part of the IHC network, IHC will contact the concerned provider and explain the no-fee registration process. The beneficiaries will also receive service at a discounted rate by using the card.
No special permission is required for an Indian citizen residing outside India to acquire (by purchase or gift) any immovable property in India other than agricultural land, plantation property or a farmhouse.
The government on Monday said it proposes to incentivise incorporation of one person companies, a move that will benefit startups and innovators.
Most developers Business Standard spoke to claimed a 25 to 30 per cent spurt in sales to NRIs over the last two months.
NRIs may get dual passports, voting rights\n\n\n\n
Raj Natarajan, president of United India Association, an organisation formed by NRIs living in Australia, has come out strongly in support of Harbhajan Singh.
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.
