Because of a new notification, any retirement planning done by non-resident Indians through PPF will go for a toss, experts tell Sanjay Kumar Singh.
Here's how NRIs can protect their overseas earnings from exchange rate risk.
What could a mall in Ahmedabad, an office complex in Hyderabad and a residential township in Baroda have in common?
Hopes soar on currency gaining more if Modi becomes the Prime Minister.
Delhi-NCR and Mumbai are still the most preferred destinations for NRIs to buy property, say property brokers.
Every year, hundreds of non-resident Indians diligently gather in New Delhi to attend the Pravasi Bharatiya Divas from their different far-off adoptive nations just for three days.
Foreigners and NRIs will soon be allowed to book train tickets online for domestic travel in India from abroad using their credit or debit cards.
NRIs should work at building a portfolio that includes both open-ended Indian equity funds as well as MSIIF. \n
Non Resident Indians have invested Rs 9,650.64 crore (Rs 96.50 billion) from August 1991 to December 2005, constituting 6.30 per cent of the total Foreign Direct Investment inflow, Rajya Sabha was informed on Tuesday.
If the life assured is an Indian national or a person of Indian origin temporarily residing in the country of his present residence, he can get insurance. Even green card holders and foreign nationals of Indian origin can get life insurance in India.
This could impact non-resident Indians staying in countries such as UAE which does not impose income tax on individuals under local tax laws.
For the first time, Amul fresh milk will be available outside India, with the Gujarat Cooperative Milk Marketing Federation (GCMMF) launching four variants of milk in the US market within a week, to cater to Indian diaspora and Asian population. "We have been exporting dairy products for many decades. This is the first time we are launching fresh milk outside India," GCMMF MD Jayen Mehta told PTI. He said "the GCMMF has tied up with 108-year old cooperative organisation Michigan Milk Producers Association (MMPA) to launch fresh milk in the US market."
The key features of the product include a dedicated priority service platform, superior foreign exchange rates on inward remittances and lower service charges on banking services, a release said.
A bullet each hit Singh in the head and near the chest. Singh was rushed to a private hospital, police said. He is currently out of danger.
However, being Indians we still feel the need to stay connected to the place of our birth and therefore, we try to make investments in India through different avenues. Let's take a look at how Non-Resident Indians (NRIs) can make investments in India.
While Geojit Financial Services and Kotak Securities are already managing large NRI portfolios in West Asian countries, Sharekhan, yet another local brokerage outfit, recently launched a broking platform called India First in Bangkok for NRI clients.
As protectionism grows from the United States to Australia, Sanjay Kumar Singh draws up a comprehensive financial checklist for those shifting to India.
Taxpayers are filing their income tax returns (ITRs) early for the Assessment Year 2024-25 (FY25). By April 29, over 592,000 returns were filed, with over 538,000 verified and 367,000 processed. Early filing allows revisions without penalties.
Nav Ratan and Hind Ratan awards were given to delegates from over 52 countries at the 22nd International Congress of NRIs in New Delhi.
Newspapers and other news and current affairs publications in the country may soon be able to appoint foreigners and Non-Resident Indians (NRIs) at senior editorial and management positions.
Remittance into India from foreign countries has already seen a jump of 25% in the last two months
He said the USINPAC delegation would meet Bhartiya Janata Party President Rajnath Singh and leaders of the Left party who have expressed their apprehension over the nuclear deal.
Reader responses to our NRI message board invite. Some symphathise with Indians in diaspora, while others express displeasure.
"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.
It's time India re-visited its Western alliances for the attitude and approach that the West reserves for the nation when it comes to security cooperation of the kind that they might not have visualised outside of China, India's bug-bear, asserts N Sathiya Moorthy.
With the government clearing the decks for direct listing at the Gujarat International Finance Tec-City (GIFT City) International Financial Services Centre (IFSC), issuers will wait for the ecosystem to develop further before firming up their listing plans. In the meantime, most companies may continue to prefer listing in the onshore market, even as the new avenue provides key benefits such as tax waivers and reduced foreign exchange risk. Sources said that a few key things need to be ironed out further.
rediffGURU T S Khurana answers readers' personal income tax queries.
Among those in the Rich Report 2003 are Lakshmi Mittal, the Hindujas and Lord Swraj Paul.
Indian Bank on Tuesday launched IndRemit, an online money transfer service that allows Non-Resident Indians in the United States to make online money remittance to India.
