The banks offer FCNR deposits in six currencies -- US dollar, euro, pound sterling, Canadian dollar, Australian dollar and Japanese yen. In the FCNR deposit category, SBI has raised rates by 12-21 basis points on US dollar deposits across various maturities. The new rate for the one and less than two years category is 3.12 per cent (2.98 per cent). Five-year FCNR (B) deposits carry a higher rate across various maturities at 3.66 per cent as against 3.45 per cent earlier.
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.
NRI demand would help offset the liquidity problem, which is presently affecting realty sales.
The Reserve Bank on Thursday eased foreign direct investment (FDI) norms and allowed banks to provide guarantees on behalf of NRIs to acquire shares and debentures in Indian companies.
Dr Pradeep Datta, based in Wick, Scotland started his career in the National Health Service in 1967. Many surgeons in the NHS and elsewhere owe their careers to the specialised training imparted by Datta. Datta established and funded a teaching programme to ease the difficulty, which many overseas doctors found in getting a place on a course that would help them pass the FRCS exam and its successor, the MRCS.
Close on the heels of winning the prestigious accolade of 'Best UK Restaurant' for his Southall restaurant, Madhu's, its owner Sanjay Anand has been declared 'Industry Personality of the Year'.
Dr Kalidas Shetty from the University of Massachusetts is among US State Department's first five Jefferson Science Fellows.
Joseph 'Sanish' Pallipurath was arrested around late Monday night in Monroe, east of Atlanta, after New Jersey police had sounded a country wide alert for him, the district US Marshal James Plousis said.
Highlighting that mutation in a virus is a natural phenomenon, the civic body said citizens should do not panic and appealed to them to follow COVID-19-appropriate behaviour.
Indian-origin British entrepreneurs are more successful in securing credit and finance due to their higher credibility rating compared the other businessmen, latest industry research shows.
Pratip Chaudhuri said such bonds might expose issuing entities (banks) to class action suits in the US for making an offer to a specific ethnic group in that country.
Deposits by NRIs with persons other than authorised dealers or banks, out of inward remittances from overseas or by debit to NRE or FCNR(B) accounts, will not be permitted with immediate effect.
With real estate -- NRIs's favourite investment vehicle in the past -- unlikely to do well in the near future, there is a strong case for NRIs to shift to equity and debt mutual funds, says Prateek Mehta.
Vegavahini Subramaniam and Vaijayanthimala Nagarajan met through an email list service in 1996.
Cases with the Omicron variant have already been detected in Karnataka and Gujarat.
Popular Non Resident India poetess Sujata Bhatt and five others were short-listed on Friday for Britain's most valuable poetry prize. The 52-year-old Ahmedabad born writer has been chosen for the 10,000-pound Forward Prize for her collection Pure Lizard.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries
In a bid to retain Resurgent India Bond holders and attract other non-resident Indians, State Bank of India on Friday announced two new schemes for a limited period from September 24.
Inviting Americans and Non-Resident Indians to invest in Gujarat, the state's Minister for Industry and Mines Anilbhai Patel said the region is poised to take major strides in industrial, agricultural and infrastructure fields.
Words and actions like those of R N Ravi and a vocal section of the state BJP have only added to Tamil fears and suspicions, points out N Sathiya Moorthy.
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.
The list of 100 most powerful lawyers, published by The Times on Tuesday, listed Shami Chakrabarti, director of the human rights organisation 'Liberty', at number 9. The only other Asian lawyer on the list of 100 is Imran Khan, a prominent human rights lawyer.
If everything falls in place for him and his fellow researcher, Professor Arun Majumdar says a villager in India may be able to produce electricity for his home from a chullah, or a stove that uses wood, coal, dry leaves, or cow-dung to make fire. During winter, instead of turning on heaters, a person anywhere in the world would be able to use a simple power-jacket utilising his body heat to stay warm. The same body heat could even be used to recharge a cell phone.
Leading Non Resident Indian Member of Parliament Keith Vaz has introduced a bill in the House of Commons seeking a more ethnically balanced Parliament in the United Kingdom. The bill will allow parties to create ethnic-minority shortlists when selecting parliamentary candidates. There are currently only 13 Labour and two Conservative Members of Parliament of an ethnic minority background. No Liberal Democrat belongs to that category.
India-born Raghuram Rajan, Professor of Finance at the University of Chicago, has been awarded the newly instituted Fischer Black Prize by a premier academic organisation on financial economics.
Choksy's research examines the development of sectarian communities in Central Asia, the Near East, and South Asia -- where he has traveled extensively -- through interdisciplinary approaches involving anthropology, archeology, history, languages, linguistics, literatures, numismatics and religious studies.
The Kingston Crown Court sentenced the lawyer from Wembly to 14.5 years in prison for his corrupt practices. Sagar, who worked at Mehra and Co, was found responsible for concerted efforts by the gang to evade a successful police investigation, police said.
Non-Resident Indian academic Suresh Deman seems to have made it a full-fledged profession to sue universities and cash in on Britain's rights culture as he pocketed a whopping 2 lakh pounds in payouts and cost the taxpayer an estimated 1 million pounds.
According to the Sun, footage from a camera at a Cape Town restaurant recorded a private meeting between Shrien and Tongo after Anni Dewani's death.
How a teenager from Uttar Pradesh with no formal education rose to become the University of Houston's head.
Those taking up a job abroad should notify their bank about the change in status and open appropriate NRI accounts
