The finance ministry on Saturday asserted that Indian customer deposits in Swiss banks have fallen since 2019, but said it is seeking details from Swiss authorities on the relevant facts along with their view on possible reasons for changes in the funds parked by individuals and entities in 2020. In a statement, the ministry said the deposits have halved but did not give numbers. Quoting data from Switzerland's central bank, PTI had reported on June 17 that funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, jumped to a 13-year high of 2.55 billion Swiss francs (over Rs 20,700 crore) in 2020 on a sharp surge in holdings via securities and similar instruments, though customer deposits fell.
Indians working abroad sent a whopping $21.7 billion to their kin in 2004, making the country the highest recipient of remittances worldwide
Complaints to NCM fall down sharply...4,000 Indian women deserted by NRI husbands since 2016...79 districts in India still don't have blood banks...
The government on Wednesday said that a consortium of overseas Indians is expected to take a final decision on whether to set up a semiconductor chip manufacturing facility in India or not by the end of this year.
Minister for Corporate and Minority Affairs Salman Khursheed may have done a superb job of handling the Satyam fiasco, but he was put in a spot on Thursday by angry NRIs who wore T-shirts reading: Victims of Maytas.
There is an important role that each one of you can play in India's journey to becoming a strong, just and equitable society and taking its rightful place in the comity of nations, said President Pranab Mukherjee at the Pravasi Bhartiya Divas convention on Wednesday.
The store will offer music from premiere labels such as Saregama India Limited, Ishq Records, Yatra Communications and many others, offering a catalog of over 40,000 songs.
India today offers a great investment opportunity to NRIs and foreign investors, but investors must take adequate precautions while committing funds.
The West Bengal will appeal to the larger bench of the SC against an order of the court scrapping admission of 69 NRI students.
The PM aso said said it was unfortunate that the UN was still unable to define terrorism.
Real estate majors, who had lined up projects in Punjab to woo non-resident Indians, have put on hold their plans indefinitely with most NRIs no longer keen to invest in these properties.
Leading Non-Resident Indian entrepreneur Raj Loomba, a campaigner of widows' rights, Surina Narula, champion of street children in India and 16 others have been chosen for the Queen's Birthday Honours this year.
Hari Shankar Brahma, who took over as the 19th Chief Election Commissioner on Friday, said his priority and "mission objective" is to ensure free and fair conduct of Delhi assembly polls.
According to the Income Tax Act, there are two main benefits available for senior citizens. First, a higher exemption limit of Rs 1,95,000 for someone who has crossed 65 years. Also, there is a higher deduction of Rs 20,000 available for payment of premium for a medical or a health insurance policy.
A group of Indian-Americans gathered at Times Square on Sunday, carrying placards and raising slogans in support of the Narendra Modi government and CAA.
A N Shanbhag, the highly respected investment guru, and his son Sandeep Shanbhag, answer your questions on NRI investment.
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.
ABN Amro Bank has launched a new fixed income investment plan for Non-Resident Indians offering them attractive fixed investment opportunities in the face of maturing Resurgent India Bonds.
"Today, 23 million Indian reside abroad. Either, they are citizens of other countries or they are working there. So it is essential that whichever country you go, you make that country a winner," he said, and added, "That is your mission. I am sure the JSS Spiritual Mission in USA will definitely spread this mission."
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.
As far as people like Kamala Harris are concerned, it's okay to share a culture, but wrong to play domestic Indian politics during American elections,' notes Vir Sanghvi.
RBI has posted detailed instruction on its website clearly showing the eligibility conditions and other necessary documents required to be tendered for exchange of old currency notes
For the 25 million Indians living abroad, getting information about their country especially the growing investment opportunities in various sectors would now be just a click away.
After yoga and meditation, it is now designer smiles, fresh crowns and tooth implants, which promise a refashioned "nirvana" for an increasing number of foreigners and Non-Resident Indians (NRIs) visiting Jalandhar.
The tsunami of recession that originated in the Wall Street and spread to Europe did not affect India because our banks are conservative, said Overseas Indian Affairs Minister Vayalar Ravi while addressing a seminar at the 10th Pravasi Bharatiya Diwas in Jaipur on Sunday.
The Election Commission is yet to hear from the government on Prime Minister Manmohan Singh's idea of overseas Indian passport holders voting in the next general elections.
India urges NRIs to invest in media, entertainment
Wishing to arrange a wedding in India in a royal way with a procession of vintage cars, liveried guards, horses with lancers and ornate ceremonies in the style of the Maharajas in heritage palaces? A travel company offers it all.
Sending money to families in India will get more expensive
