Replying to a debate on the Representation of People (Amendment) Bill, 2010 to allow NRIs to exercise their franchise in Indian elections, Law Minister M Veerappa Moily said the government would hold a national consultation on comprehensive electoral reforms in two to three months.The Rajya Sabha had passed the bill on Monday.
In a pre-Budget memorandum to finance minister Pranab Mukherjee, the IndusInd International Federation said selective benefits may be offered to NRIs enabling them to make India the hub for their global activities.
However, finance minister Pranab Mukerjee did not commit himself to this proposal of floating infrastructure bonds, as this requires detailed examination and Parliamentary nod.
In a significant move, the 13th Pravasi Bharatiya Divas, to be held in Gujarat from January 7 to 9, might see the overseas citizen of India and person of Indian origin cards getting clubbed, External Affairs and Overseas Indian Affairs Minister Sushma Swaraj said on Monday.
If there is no possibility of NRIs coming to India to vote, why should they get enrolled, asks Chief Election Commissioner V S Sampath.
The Reserve Bank said overseas investors, including FPIs and NRIs, can invest up to 26 per cent in insurance and allied activities through the automatic route.
RBI has allowed NRIs to invest in chit fund companies on a non-repatriation basis, subject to certain conditions
With the rise of ultra-luxury housing in India comes ultra-customised marketing. Developers selling high-end homes, priced above Rs 20 crore, are moving away from traditional marketing for these homes to newer methods, such as painstaking profiling of customers before showing them the property, augmented reality for visualisation of interior decor, virtual tours, and closed-door international shows. There is also marketing through online ads, social media influencers, and exclusive memberships.
When an NRI returns to India, he should be aware of his tax residency status.
NRIs transferring money can call MoneyGram's toll free number at 1-800-MONEYGRAM to find a convenient US Bank location.
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.
In the volatile international situation where 'nativism' is on the rise and immigrant communities are being targeted, the Leader of the Opposition's statement is like adding fuel to fire. If the Indian diaspora numbering 4 crores is threatened it will constitute a grave threat to national security, warns Colonel Anil A Athale (retd).
Non-Resident Indians in the Gulf have urged Finance Minister Jaswant Singh to retain the present tax benefits for NRIs returning home permanently and not abolish the Not-Ordinarily Resident status now valid for nine years.
'I would think that India faces less damage from opinions voiced overseas compared to the damage it suffers if the right to free speech of its citizens is curtailed in the name of image management,' asserts Shyam G Menon.
Days after extending more benefits to Persons of Indian Origin, the government is set to accept the recommendations of a committee which has favoured voting for Non-Resident Indians through electronic means.
The government on Monday said it proposes to incentivise incorporation of one person companies, a move that will benefit startups and innovators.
With the government clearing the decks for direct listing at the Gujarat International Finance Tec-City (GIFT City) International Financial Services Centre (IFSC), issuers will wait for the ecosystem to develop further before firming up their listing plans. In the meantime, most companies may continue to prefer listing in the onshore market, even as the new avenue provides key benefits such as tax waivers and reduced foreign exchange risk. Sources said that a few key things need to be ironed out further.
The Kerala government's attempts of garnering funds for its under construction airport ran into rough weather on Sunday when a group of NRIs questioned the 'agenda' behind the 'secrecy' of the details of private-public participation in the management and allotment of shares in the proposed airport. Matters got worse when a senior bureaucrat said that they were not asking 'ordinary' Keralites to invest, if they don't have the money.
India needs to come up with new ideas to make the Pravasi Bharatiya Divas more appealing to overseas Indians. The Diasporas talents should be used for the country's development, says Thomas Abraham, founder of the Global Organisation of People of Indian Origin
The current global downturn has made India even more desirable to Non-Resident Indians who are bullish about the country's growth and continue to invest heavily in the country of their origin, a report said.
If you are an NRI and have a business or asset in India, that provides you with income, you are required to pay income tax just like any other Indian. Indian taxation laws are quite different for NRIs and it is important that you are aware of what you are liable to pay.
India Health Card works similar to a debit card. The NRIs are required to load funds onto the card through the Internet and then use it to receive healthcare services from healthcare providers in India. If a patient's health care provider is not a part of the IHC network, IHC will contact the concerned provider and explain the no-fee registration process. The beneficiaries will also receive service at a discounted rate by using the card.
Most developers Business Standard spoke to claimed a 25 to 30 per cent spurt in sales to NRIs over the last two months.
No special permission is required for an Indian citizen residing outside India to acquire (by purchase or gift) any immovable property in India other than agricultural land, plantation property or a farmhouse.
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.
The flow of money into Non-Resident Indians (NRIs) deposits witnessed a substantial increase, touching $2.14 billion in the first quarter of this financial year (Q1FY24), compared with $349 million in the same period in FY23. The outstanding NRI deposits rose by $2.5 billion, standing at $141.28 billion at the end of June 2023, up from $138.77 billion in May 2023, according to Reserve Bank of India (RBI) data. RBI released the updated data in the bulletin after almost three months.
NRIs may get dual passports, voting rights\n\n\n\n
This could impact non-resident Indians staying in countries such as UAE which does not impose income tax on individuals under local tax laws.
The Election Commission's insistence on physical verification of millions of non-resident Indians wishing to get voting rights has led to delay in finalizing modalities for entry of their names in electoral rolls.
Raj Natarajan, president of United India Association, an organisation formed by NRIs living in Australia, has come out strongly in support of Harbhajan Singh.
Here's how NRIs can protect their overseas earnings from exchange rate risk.
Hopes soar on currency gaining more if Modi becomes the Prime Minister.
'A democracy cannot mean the rule of just two people,' said one audience member, who recalled that he too had chanted 'Modi, Modi' when the PM had visited the USA. Many of those gathered admitted to having been Modi supporters. What had changed them was the growing concentration of power. Jyoti Punwani reports from New York.
Foreigners and NRIs will soon be allowed to book train tickets online for domestic travel in India from abroad using their credit or debit cards.
Delhi-NCR and Mumbai are still the most preferred destinations for NRIs to buy property, say property brokers.
What could a mall in Ahmedabad, an office complex in Hyderabad and a residential township in Baroda have in common?
Every year, hundreds of non-resident Indians diligently gather in New Delhi to attend the Pravasi Bharatiya Divas from their different far-off adoptive nations just for three days.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances