'We are keeping in mind that knowledge is more important than money.'
Efforts will also be directed at creating a conducive environment for NRIs intending to reconnect to their heritage, Fernandes added.
Customers can electronically transfer money instantly to more than 1,000 branches of banks across India.
Bush will send an administrative official to celebrate the Diwali function with the Indian community.
Expatriate Indians living in the United States want the White House to celebrate Diwali, continuing the trend of last two years.
Others in the top 10 include Uday Kotak at the 6th place with a wealth of Rs 94,100 crore, Cyrus S Poonawalla at 7th position with Rs 88,800 crore assets, Cyrus Pallonji Mistry at 8th spot with a wealth of Rs 76,800 crore, Shapoor Pallonji at 9th position with a net worth of Rs 76,800 crore and Dilip Shanghvi at 10th slot with Rs 71,500-crore wealth.
The San Francisco Bay Area unit of India Against Corruption on Monday slammed the arrest of activist Anna Hazare. Nearly 150 members of the Indian American community gathered at the Civic Centre Plaza in Los Angeles to show their support to Anna Hazare on the eve of Independence Day.They expressed their support for Hazare and the millions of Indians who are demanding the Jan Lokpal Bill to end corruption in India.
The finance ministry on Saturday asserted that Indian customer deposits in Swiss banks have fallen since 2019, but said it is seeking details from Swiss authorities on the relevant facts along with their view on possible reasons for changes in the funds parked by individuals and entities in 2020. In a statement, the ministry said the deposits have halved but did not give numbers. Quoting data from Switzerland's central bank, PTI had reported on June 17 that funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, jumped to a 13-year high of 2.55 billion Swiss francs (over Rs 20,700 crore) in 2020 on a sharp surge in holdings via securities and similar instruments, though customer deposits fell.
Two IIT graduates are among the 4 business brains who have struck it rich to the tune of billions of pounds, thanks to the phenomenal growth in online poker.
Around 300 non-resident Indians from the United States will attend a solidarity rally in Mumbai January 10 to pay homage to those who lost their lives in the 26/11 terrorist strikes on Mumbai. The January 10 date was fixed so that NRIs who are attending the seventh annual Pravasi Bharatiya Divas at Chennai, which ends January 9, can travel to Mumbai for the event and still make it for the January 12 inauguration of the Vibrant Gujarat event.
The run in equities, coupled with high interest rates, makes both the debt and stock markets attractive.
Two police officers from Punjab, S K Sharma, additional director general of police, and Gurpreet Kaur Deo, inspector general of police (non-resident Indian affairs), were in the San Francisco Bay Area December 13 to address the grievances of the community.
The Indian MF industry offers a great investment opportunity to NRIs.
Non-resident Indians have offered to invest $2.7 billion for developing a city within a city, Minister for Non-Resident Affairs Jagdish Tytler said on Thursday.
The state government, a few years ago, started a matching grant scheme for NRIs who wanted to invest in the development of their villages, and the scheme proved attractive for NRIs, especially in the Doaba region.
A N Shanbhag, the highly respected investment guru, and his son Sandeep Shanbhag, answer your questions on NRI investment.
Riding the wave of growing reputation of Indians in the IT sector, many well-placed senior executives of Indian origin have influenced outsourcing-related decisions in India's favour.
Reaching out to the large Indian Diaspora in the United States, Prime Minister Manmohan Singh assured them that his government was committed to taking forward the reforms process.
Forbes has named Vodafone CEO Arun Sarin and steel baron Lakshmi Mittal among Europe's Power25: the most powerful people in business.
Brokers od bothe the Bombay Stock Exchange and National Stock Exchange on Tuesday demanded a single transaction tax on securities for only foreign institutional investors and non-resident Indians and asked Finance Minister P Chidambaram
Jaitley said, RBI will decide by assessing market situation
Kolkata's Shrachi group has joined hands with two non-resident Indians for a housing complex exclusively for NRIs and their parents living in India.
India is now a biz friendly nations, say Arun Jaitley.
Public sector banking major Indian Overseas Bank on Wednesday launched an Internet-based online remittance product 'e-Cash Home', providing a fast channel for the United States-based non-resident Indians to remit money back home.
'Things started to get a bit more real when my classes were moved online -- for the first time in my school experience -- for two weeks.' 'Then four weeks. Then two months.'
The founder chairman of the Mittal Group M L Mittal has said that time is ripe to invest in India as the government is opening up more and more sectors for private investment.\n\n
"We are looking into the issue because we have received many requests. We will permit NRI fund managers who have at least a year's experience in managing FII funds as long as they do not put their proprietary funds into it," confirmed a senior Sebi official.
Reserve Bank of India has allowed authorised dealers to grant rupee loans to non-resident Indians for purposes other than those specifically prohibited by the central bank
Four visits annually, 14-day stays on average, high spends...any wonder the tourism ministry is taking cognizance of them.
Foreigners and NRIs would now be able to book train tickets in India online by using international debit and credit cards through IRCTC website.
A blanket ban may be imposed soon on NRIs, PIOs and foreigners having children through surrogacy in India with the Union health ministry and the National Commission for Women proposing it as part of a new legislation.
SBI expects to firm up its new deposit investment scheme aimed at the expatriates, including the Resurgent India Bond holders, in the next two to three weeks.
Singh has also sought details from the Finance Ministry on the issue, said Chandy who raised objections before the Prime Minister over the reported move by the Government to levy the tax on the money of Indians working abroad.
A coalition of Indian-American organisations, the Indian National Overseas Congress and the Indian Muslim Council-USA have demanded action against the people who admitted on tape to participating in the post-Godhra massacre.
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