This year there are high expectations for lowering home loan interest rates, over the next 12 months and increased interest rate subsidy for loans up to Rs 50 lakh.
Despite the slowdown, property investments can give them good returns over the long term
Angad Paul, son of NRI industrialist Lord Swraj Paul, has died after falling from his penthouse home in central London.
A bench comprising justices Altamas Kabir, Cyriac Joseph and S S Nijjar rejected the plea of NRI Thota Venkateswarlu that the trial court in Andhra Pradesh cannot take cognisance of a complaint of harassment, dowry demands and criminal intimidation lodged by his wife, as the couple were living in Botswana.
An impressive 21st century home for students and faculty of the prestigious Massachusetts Institute of Technology (MIT) was opened in the US, thanks to $1 million assistance provided by Ambika Paul Foundation headed by NRI industrialist Lord Swraj Paul.
Apparently referring to the 2G Spectrum scam and the Commonwealth Games irregularities, Paul in an interaction with PTI on Monday said, "Corruption should be condemned because it has become a national shame.
The announcement came just ahead of the meeting of a ministerial panel, headed by Finance Minister Pranab Mukherjee, to look into the Cairn-Vedanta deal which was struck in August.
'If I close my housing loan, are there any investment avenues (the investment should provide liquidity) to save tax?'
Mexican billionaire Carlos Slim remained the richest person in the world with $74 billion in assets, while NRI steel magnate Lakshmi Mittal ranked sixth and Indian industrialist Mukesh Ambani is placed ninth in the US magazine Forbes annual list of world's top billionaires.
But actors Vijay and Ramya do a neat job.
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The BofAML report said that five year money can be raised by issuing the 7 to 9 per cent coupon bonds to stabilise markets, just as it was done in 1998 and 2001.
The controversial Canadian sprinter, who was stripped off his 100m gold medal during the Seoul Olympics, is in Goa for the past two days with two of his NRI students -- the Tumbar brothers, 18-year old Gurveer and his 17-year-old brother Karamveer. The two will be appearing for trials at reigning I-League champions Salgaocar.
At the annual Pravasi Bharatiya Divas, organised by the government ostensibly to celebrate the country's connection with the 27-million-strong Indian diaspora living in 150 countries, Mr Ahluwalia said last Sunday that India was reaching out to NRIs not for their money, but because it valued the long, socio-cultural footprint all Indians living in India and abroad shared.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
