"The window (for NRIs) is open till June 30 in which people can deposit cash. And after adding all these, we will give out the number," Mundra said.
The government expects non-resident Indians to pump in about $500 billion into the burgeoning forex reserves of the country in the next 10 years, making them the single largest source of foreign receipts.
As part of its overseas expansion strategy, Tanishq is planning to open its first exclusive company-owned outlet in the US. It is currently present only in West Asia with a few shop-in-shops.
Rich flow of funds has made Dharmaj one of the richest and most literate villages not only in the state but across the country
Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, jumped to 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, annual data from Switzerland's central bank showed on Thursday. The increase in aggregate funds of Indian clients with Swiss banks, from 899 million Swiss francs (Rs 6,625 crore) at the end of 2019, reverses a two-year declining trend and has taken the figure to the highest level in 13 years. It stood at a record high of nearly 6.5 billion Swiss francs in 2006, after which it has been mostly on a downward path, except for a few years including in 2011, 2013 and 2017, as per the Swiss National Bank (SNB) data.
The steady increase in Indian interest rates is making bank deposits a popular investment option among the Gulf-based Non-Resident Indians.\n\n
'Indian grocery stores earned more profits in the last three weeks than they do during Diwali.'
For the 40 young non-resident Indians, who participated in the Pravasi Bharatiya Divas in Jaipur, their visit to the country has been a bitter-sweet one. They were floored by the vibrant culture and impressed by e-governance projects, but disturbed by corruption and other scams plaguing India, says Priyanka
The Reserve Bank has notified that all transfer of stake or interest in an oil and gas field to non-residents will be treated as FDI and will have to be reported under Foreign Exchange Management Act (FEMA).
The byelection, which will be the first popularity test for Prime Minister Gordon Brown, is being held due to the death of 82-year-old Labour Member of Parliament Piara Singh Khabra.
Rediff.com features some Chennai Super Kings fans, young and old, who came in all their glory as they cheered for Mahi and his men during their Super 8 match against Delhi Daredevils on Monday.
'With over 50 per cent of medical seats reserved for those who have the ability to pay a fee ranging from Rs 50 lakh to Rs 1.5 crore for a five-year MBBS course and quotas in accordance with affirmative policies in government colleges, the band of seats available for the not-so-rich and non-OBCs is very narrow.'
A host of dynamic reforms, policies and announcements during the last five years are expected to reach its logical fruition in the second term, says Ankit Kansal.
According to census data, Indian-Americans were the fastest-growing ethnic group in the 1990s, and remained one of the largest sources of legal immigration to the United States, the report noted.
Anti-corruption crusader Anna Hazare's trip to the United States and participation in the India Independence Day Parade, was "to meet NRIs and connect with like-minded people in the United States and get their support -- wake them up -- for the next anti-corruption agitation in India."
'This outbreak has really brought out the best in many people.'
This year, for the first time, NRIs returning from the US are expected to outnumber those coming to this country from India.
A N Shanbhag, the highly respected investment guru, and his son Sandeep Shanbhag, answer your questions on NRI investment.
The PBD this year functions as a political stage for the BJP government at the Centre and in Uttar Pradesh. Both Prime Minister Narendra Modi and Congress president Rahul Gandhi have been wooing the Indian diaspora through widely publicised events across the country. At the PBD, the mood was either largely pro-Modi, and when not, apolitical.
Veteran Bollywood actor Naseeruddin Shah's veiled comments against Anupam Kher on Saturday drew sharp reactions from his former co-star.
Preparations are almost complete for the smooth conduct of the three-day Pravasi Bharatiya Divas, which will be attended by President Pranab Mukherjee and Prime Minister Manmohan Singh.
The actress joined thousands of Indian Americans for the India Day Parade.
While law-abiding customers are harassed for KYC and have to comply with endless paperwork even to open and close accounts, DHFL could easily open nearly 260,000 fake home-loan accounts, reveals Debashis Basu.
The international designer believes Indians are ready to go global when it comes to fashion. It inspired him to bring his Paris collection to Mumbai in its original form. Is he right? Vote to tell us which one you prefer?
Air India and its inefficiencies were among the top topics of discussion on Day One of the Pravasi Bharatiya Divas being held in Kochi.
As people crisscross the country, eager to return to their homes, the cases have raced past 80,000 with at least 2,649 deaths, according to the Union health ministry on Friday. While there is no exact count, this includes a large number of those who have returned to their states.
For two decades while we continuously talked of infrastructure, power, ports, airports, irrigation, railways, roads, sewer systems, public transport, skill development, education, et all we also realised that our governments has very less vision to structure it, very little political will to carry it and far less managerial band-with to deliver such projects on time, writes M R Venkatesh.
Gurbani premieres on March 18 at 10.30 pm on Colors.
The move may release funds locked in government securities and add to liquidity. With inflation expectations lowered, this should not impact bond sentiment in the short run
Finance Minister Arun Jaitley on Monday did not change tax slabs but offered a relief of Rs 3,000 to the salaried with income below Rs 5 lakh per year.
The brothers say that the accounts were opened when they were NRIs and were legally allowed to do so.
On becoming an NRI, legally you are required to inform all your banks and also all the companies where you have investments about the change in your status within a reasonable time.
The 10,000-square feet top-floor apartment is being sold by Raheja Developers.
'I had not imagined there would come a day when food shopping become a real danger.' 'Or the daily statistics in the news could have such chilling effect.'
The apex court said that the government should file an affidavit by April 11 explaining the reason why the window was not created for the people having difficulty and the chance was only given to NRIs and the citizens who travelled abroad.
Subramanian recommended five ways of financing additional expenditure over a period of one year, including cutting expenditure and borrowing directly from the RBI or monetising debt.
