If the life assured is an Indian national or a person of Indian origin temporarily residing in the country of his present residence, he can get insurance. Even green card holders and foreign nationals of Indian origin can get life insurance in India.
NRIs should work at building a portfolio that includes both open-ended Indian equity funds as well as MSIIF. \n
Non Resident Indians have invested Rs 9,650.64 crore (Rs 96.50 billion) from August 1991 to December 2005, constituting 6.30 per cent of the total Foreign Direct Investment inflow, Rajya Sabha was informed on Tuesday.
The key features of the product include a dedicated priority service platform, superior foreign exchange rates on inward remittances and lower service charges on banking services, a release said.
However, being Indians we still feel the need to stay connected to the place of our birth and therefore, we try to make investments in India through different avenues. Let's take a look at how Non-Resident Indians (NRIs) can make investments in India.
As protectionism grows from the United States to Australia, Sanjay Kumar Singh draws up a comprehensive financial checklist for those shifting to India.
While Geojit Financial Services and Kotak Securities are already managing large NRI portfolios in West Asian countries, Sharekhan, yet another local brokerage outfit, recently launched a broking platform called India First in Bangkok for NRI clients.
Nav Ratan and Hind Ratan awards were given to delegates from over 52 countries at the 22nd International Congress of NRIs in New Delhi.
Remittance into India from foreign countries has already seen a jump of 25% in the last two months
Newspapers and other news and current affairs publications in the country may soon be able to appoint foreigners and Non-Resident Indians (NRIs) at senior editorial and management positions.
He said the USINPAC delegation would meet Bhartiya Janata Party President Rajnath Singh and leaders of the Left party who have expressed their apprehension over the nuclear deal.
Eight cheetahs from Namibia were released into the park in September last year as part of an ambitious project to revive the extinct cheetah population in the country.
"Gone are the days of euphoric buying. Today, people are doing calculated buying. They are doing thorough due diligence, checking out the location," said Kunal Banerji, president, M3M India.
Reader responses to our NRI message board invite. Some symphathise with Indians in diaspora, while others express displeasure.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Hopes of NRIs to cast votes in the ongoing general elections through Internet were dashed on Friday with the Supreme Court saying that any interim relief at this stage may open a pandora's box.
Among those in the Rich Report 2003 are Lakshmi Mittal, the Hindujas and Lord Swraj Paul.
Indian Bank on Tuesday launched IndRemit, an online money transfer service that allows Non-Resident Indians in the United States to make online money remittance to India.
Standard Chartered's India strategy will focus on wealth management while credit card will remain core to its business though will avoid competition with the country's private banks, said a senior executive of the British lender. "Our focus on wealth management and affluent clients are central to our existence. "We are strong in these areas and we want to grow in these areas.
NRIs will abandon rupee-denominated accounts, causing a deposit crunch and worsening the current account deficit.
The Reserve Bank of India has allowed investments by NRIs or Persons of Indian Origin in the capital of an entity or a proprietary concern on a non-repatriation basis, subject to certain norms.
The 'Overseas Friends of BJP' in the United States has made an elaborate plan to make more than 25 lakh calls to people across India urging them to vote and re-elect Prime Minister Narendra Modi.
The Centre on Monday told the Supreme Court that the Election Commission's recommendation to extend voting rights to NRIs through postal ballots has been accepted in letter and spirit.
Maoist leaders in India have decided to enroll non resident Indians and foreigners living in India as members. This is seen as a first major change in its strategy to widen their support base to intensify the armed struggle. The Communist Party of India-Maoist, a banned outfit, considered powerful and active in several states in India, in its recently released new Constitution made it clear that it is in favour of enrolling NRIs and foreigners as members.
Non-Resident Indians for a Secular and Harmonious India, along with three other organisations of NRIs, have asked the New York Times to disown the remarks made against Congress President Sonia Gandhi in a full page advertisement by the Gandhi Heritage Foundation on Saturday. In a letter sent to the editors of the paper, the organisations said that the advertisement was not only in 'extremely poor taste' but also 'misleading and offensive'.
Ruling out any provision for a Non-Resident Indian nominee in Indian Parliament, Minister for Overseas Citizens Vayalar Ravi has asked the diaspora to make 'intellectual' contribution to their motherland along with financial investments.
For Indians (NRIs) in America, the beginning of 2011 will mean more tax burden. The estate duty, better known as 'death tax', has been re-introduced.
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