The Covid-19 pandemic has forced a whopping 8.7 lakh expatriates from Kerala to return home, most of them from the Gulf, since last May, with a majority of 5.67 lakh citing job loss as the reason for it, according to official data.
ICICI Venture denied the allegations, noting it had extended the lifespan of the Dynamic India Fund III by three years
'The time has come to incorporate Indian sociology into economic policy.' 'The first step in that direction would be to listen to economists trained in India and not just the US and the UK, argues T C A Srinivasa-Raghavan.
India is exploring the possibility of investment by Non-Resident Indians in some infrastructure projects of the country, S K Krishna Kumar, Secretary, Ministry of Overseas Indian Affairs said in Washington on Thursday.
Samajwadi Party patriarch Mulayam Singh Yadav is among six personalities chosen for this year's Padma Vibhushan.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
'NRI interest has gone up in the past three-four years.'
Remittances growth is muted due to "structural" reasons which will hamper consumption demand locally, a report said on Thursday. "...the muted external remittances growth is more of a structural issue than transitory," India Ratings and Research said in its note. India has been the largest recipient of remittances from its diaspora spread all across the world and received over $70 billion inflows last year. The agency argued that flows had started to moderate even before the COVID-19 pandemic outbreak, pointing out that as a percentage of gross disposable income, the share of remittances fell to 2.5 per cent in FY19 as against 3.5 per cent in FY10.
Banking laws for NRIs allow for the following deposit schemes, or simply put, accounts with authorized dealers -- banks and financial institutions authorized by Reserve Bank of India to deal in foreign exchange -- to be maintained in Indian rupees and in foreign currency.
Amit Gupta, MD, Sag Infotech, answers your personal income tax queries.
'Asian Lite', a Manchester-based fortnightly focussing on British Asian events and issues, has won the top prize in the newspaper category in the How-Do Awards that celebrate the best in the media industry in the north of England.
This year, eight eminent individuals are being given Padma Bhushan and 54 are being conferred with Padma Shri awards, besides the two Padma Vibhushan recipents.
Despite its recent underperformance, gold must be a part of your portfolio.
Indian-origin Assistant Commissioner of Police Tarique Ghaffur, one of Britain's senior officers, has launched legal action against the Scotland Yard on the grounds that he was 'harassed, degraded and humiliated' because he is Asian and a Muslim.Ghaffur officially lodged the discrimination claim against the Metropolitan Police and Commissioner Sir Ian Blair.Ghaffur has been further 'victimised' by threats that he would be sacked unless he suspended legal proceedings.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your income tax queries.
The flow of deposits from non-resident Indians (NRIs) hit a four-year low in the financial year 2020-21 mainly due to contraction in foreign currency deposits, latest data released by the Reserve Bank of India (RBI) shows. Total NRI deposits during FY21 were $7.3 billion as compared to $8.6 billion in FY20 - the lowest since 2016-17, when such deposits had contracted by $12.3 billion. Indian banks have three kinds of deposit accounts where NRIs or PIOs (persons of Indian origin) can park their funds: non-resident external-rupee account (NRE); non-resident ordinary rupee account (NRO); and foreign currency non-resident bank account (FCNR [B]).
NRIs lobby for unrestricted flow of foreign funds in India for philantrophic purposes. They appealed to the govt. to do away with FCRA.
Sivasankran alleges Maran had forced him to sell Aircel.
The software developed by UNIMACS Director V S Subrahmanian and his colleagues at the university can almost instantly search the entire Internet for information/links for a terrorist suspect or other particular person/group of interest.
The state government, a few years ago, started a matching grant scheme for NRIs who wanted to invest in the development of their villages, and the scheme proved attractive for NRIs, especially in the Doaba region.
'Information developed revealed the suspect was upset with Shayona's parents and sister for discontinuing the relationship due to different religious backgrounds, Hindu and Muslim,' the court papers said.
The bail for Varsha Sabhnani, who is accused of torturing the women whom they had hired as house help, has been set at $2.5 million and for her husband, who allegedly allowed the abuse to take place, at $1 million.
The team observed a dialogue between the hippocampus and the neocortex, areas of the brain where memories are made and stored.
Montek Singh Ahluwalia's suggestion should be slightly modified for this.
A longstanding wish of millions of Non Resident Indians for voting right in India has come true with the Centre issuing a notification to this effect to enable them to exercise their franchise.Parliament had in the monsoon session passed the Representation of People (Amendment) Bill, 2010 to allow NRIs to vote in Indian elections and now government has issued a gazette notification in this regard.
Mumbai Airport immigration officials deported two American citizens, seven-year-old Viraj Shriwardhankar and three-and-a-half-year old Vrishabh, two hours after they landed in India last week.
Singer Kanika Kapoor got married to NRI businessman Gautam Hathiramani on May 20 in London.
An Indian-origin doctor, branded as "sex predator" for sexually assaulting women and teenage girls and secretly filming the acts, has pleaded guilty to 39 sexual offences at a UK court.
Educational institutions in India have a quota system for non resident Indians (NRIs). But the catch is that the fees are higher than what resident students pay.
Bizarre details of the killing have surfaced in the last several weeks.
Entertainment may be its raison d'etre but the tears brought about by cinema are no less significant.
Pranab Mukherjee's stewardship of the economy will stand out as much for the manner in which he managed controversies as for creating quite a few of them, says A K Bhattacharya.
Dr Balu, who arrived in the United States in 1968 from Chennai, is planning to visit southern India periodically to help strengthen the programme.
"The President was very enthusiastic when we told him we want to give this award to Qader," said MIOA Deputy Secretary Mahesh Arora.
