When an NRI returns to India, he should be aware of his tax residency status.
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The catalyst is the run on emerging market equities, but many investors are just tired of waiting for India to get its act together.
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Analysts worry that without more fundamental reforms, India will struggle to contain its record high current account deficit and hence support the rupee.
Remittance into India from foreign countries has already seen a jump of 25% in the last two months
Black money can take the form of a high-end property in Southeast Asia, a cruise ship floating on the Mediterranean or blue-chip shares held via an offshore fund manager.
NRIs still send largest remittances than counterparts elsewhere.
The industry status will help the sector access bank lending at average interest rates
If Mr Rajan's citizenship is considered relevant for heading an organisation that issues sovereign currency, should the provenance of a participant in a critical function of a sovereign democracy not count as well?
Gujarat was among the earliest civilisations in the sub-continent, dating back four millennia.
After helping the government in policymaking since October 2014, Chief Economic Adviser Arvind Subramanian is returning to academics and will be teaching at Harvard Kennedy School on a visiting position. In an interview to Dilasha Seth and Somesh Jha, he says the ease of doing business agenda needs to move forward and India must try to integrate with the global value chains. Edited excerpts.
'India today has to fight many a battle, all of which cry out for innovation. This is where the experience of the Diaspora could be the most productive well-spring.'
