The Congress president will be the state guest of the Kingdom of Bahrain and will address NRIs settled there on January 8.
The government on Wednesday permitted NRIs to invest up to 100 per cent stake in disinvestment-bound Air India. The decision comes at a time when the government has sought preliminary bids for 100 per cent stake sale in the national carrier. "Today's decision on Air India is one milestone decision where NRIs... will get permission to invest 100 per cent in the airline," Union Minister Prakash Javadekar told reporters at a briefing about the Union Cabinet's decision.
With real estate -- NRIs's favourite investment vehicle in the past -- unlikely to do well in the near future, there is a strong case for NRIs to shift to equity and debt mutual funds, says Prateek Mehta.
The exodus of foreign investments from Indian equity markets continued unabated, with FPIs pulling out nearly Rs 20,000 crore in the last five trading sessions on higher valuations of domestic stocks and shifting their allocation to China. As a result, foreign portfolio investors (FPIs) have turned net sellers in the equity market, with total outflows reaching Rs 13,401 crore for 2024 so far. Going ahead, the FPI selling trend is likely to continue in the near term till data indicate the piossibility of a trend reversal.
It's too bad Viijay 69 does not let the viewer feel Anupam Kher's despair or his triumph. The most forgettable 'zero to hero' films at least managed that much, notes Deepa Gahlot.
As Swades turns 20, Aseem Chhabra looks back at the film that spoke to him.
'Many non-resident taxpayers faced issues in filing Form 10F since the portal didn't allow those who didn't have PAN to file the form.'
Such a legislation, the panel said, should be made applicable not only to the NRIs but also to those individuals who come within the definition of 'Overseas Citizens of India' as laid down in the Citizenship Act, 1955.
Many of my NRI friends agree that America's Immigration & Naturalisation Service, because of its immigration criteria, has created a highly selective and narrow population of NRIs in terms of capability .
NRI demand would help offset the liquidity problem, which is presently affecting realty sales.
Indians living abroad are equally eligible for housing loans from banks here but with some riders.
An international convention of people of Indian-origin in the US has demanded voting rights for Indian citizens living outside India and Rajya Sabha seats for Non-Resident Indians.
Rejecting news reports, a Commission spokesperson said no such facility has been extended.
Chit funds can accept subscription from NRIs on non-repatriation basis
The draft law also allows courts to send summonses and warrants to the accused through a specially designated website to be hosted by the Ministry of External Affairs.
NRIs must be given business priority in India.
A N Shanbhag and Sandeep Shanbhag answer the queries of the readers on investment issues
Non-basmati white rice accounts for nearly 25-30 per cent of total rice exported from the country.
Everyone (with some exceptions) whose estimated tax liability is Rs 10,000 or more in a financial year must pay advance tax.
A bullet each hit Singh in the head and near the chest. Singh was rushed to a private hospital, police said. He is currently out of danger.
Despite the slowdown, property investments can give them good returns over the long term
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Nearly 40 developers participating in HDFC Indian Homes Fair in London would showcase thousands of property.
It's time India re-visited its Western alliances for the attitude and approach that the West reserves for the nation when it comes to security cooperation of the kind that they might not have visualised outside of China, India's bug-bear, asserts N Sathiya Moorthy.
Targetting Non Resident Indians in the United States, Bharti Airtel on Thursday launched its 'CallHome' service at the price of 7.9 cents per minute.
NRIs could run into difficulties if they possess discontinued currency notes amounting to a high value.
NRIs can lock into NRE/NRO fixed deposits, buy real estate and invest in long-term equity investments.
The Indian diaspora remain bullish despite single-digit equity market returns since May 2014, says Pavan Burugula.
HDFC Bank on Tuesday launched an online remittance facility for NRIs in the US, UK and Singapore.
Shiv Sena chief Bal Thackeray has criticised Prime Minister Manmohan Singh's statement that the government was working towards granting voting rights to NRIs by the time of the next general elections.
Even an investor with an appetite for risk can consider investing in fixed deposits to hold a complete and well-diversified portfolio across asset classes.
For the first time, Amul fresh milk will be available outside India, with the Gujarat Cooperative Milk Marketing Federation (GCMMF) launching four variants of milk in the US market within a week, to cater to Indian diaspora and Asian population. "We have been exporting dairy products for many decades. This is the first time we are launching fresh milk outside India," GCMMF MD Jayen Mehta told PTI. He said "the GCMMF has tied up with 108-year old cooperative organisation Michigan Milk Producers Association (MMPA) to launch fresh milk in the US market."
Taxpayers are filing their income tax returns (ITRs) early for the Assessment Year 2024-25 (FY25). By April 29, over 592,000 returns were filed, with over 538,000 verified and 367,000 processed. Early filing allows revisions without penalties.
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As returns decline, with extent and time horizon uncertain, some of these investors look to shift to safer zones
Interest on NRE accounts is tax-free, but the I-T department creates hurdles to tax these accounts.
The new service, Pravasi, will offer banking solutions for NRIs in India and Oman, with services ranging from basic remittance service, investments in international and Indian funds, wealth management solutions to demat accounts in India and Oman for trading in shares and retirement solutions, the bank said.
rediffGURU T S Khurana answers readers' personal income tax queries.
NRIs hailing from the five poll-bound states will be able to vote in the elections for the first time but they will have to be physically present in their place of origin to exercise their franchise.
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