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.
Vegavahini Subramaniam and Vaijayanthimala Nagarajan met through an email list service in 1996.
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.
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.
Among other proposals, she said NRI portfolio route would be merged with the FPI route for seamless investment in stock markets.
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.
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.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Those taking up a job abroad should notify their bank about the change in status and open appropriate NRI accounts
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.
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.
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.
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.
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.
How a teenager from Uttar Pradesh with no formal education rose to become the University of Houston's head.
The tragic death of Indian dentist Savita Halappanavar in Ireland evoked global outrage. Irish authorities have announced that they would appoint an independent external expert to probe the matter, so that it could "stand up to world's scrutiny".
Anand also authored a book The Cure: How A Father Raised $100 Million and Bucked the Medical Establishment in a Quest to Save his Children in 2006.
'I realised how serious it was when my doctors broke down.'
A Sikh man was found dead at his parents' home, less than two months after his wife was killed in an alleged robbery attempt.
Recipient of 'India's Most Admired Surgeon' award moots 'womb to tomb' insurance model to revolutionise India's healthcare sector
'It is quite clear that the agitation against the farm laws is against the Centre and they will try to create all hurdles they can in that. They are using all tactics as their sole purpose is to defeat the agitation'
An Indian origin scientist at the Rensselaer Polytechnic Institute has discovered how graphene's extremely efficient conductive properties can be exploited for use in nanoelectronics, as a possible heir to copper and silicon.
Unless you are very knowledgeable, seek expert advice before making such a high-ticket investment, cautions Sarbajeet K Sen.
It's seen as a major appointment for international medical graduates.
NRIs could run into difficulties if they possess discontinued currency notes amounting to a high value.
The CEO of infoUSA says the NYT article is a 'hatchet job' to embarrass Hillary Clinton and is motivated by the newspaper's support for Obama.
The couple's bail request was put on hold till a hearing on May 30.
Christmas is a perfect time for most NRIs to travel back to India and include property buying in their schedule. Ahmedabad, Kochi, Ludhiana and Chandigarh are some cities that witness generous investments from NRI investors.
