Torrent Pharmaceuticals' Rs 3,000 crore proposal for increasing FII investment limit to 35 per cent was the biggest in terms of value
Currently, non-residents visiting India are not allowed to take out any Indian currency while leaving the country.
Foreign currency non-resident bank FCNR (B) deposits in dollar, having maturity of one year to less than two years, would now attract an interest rate of 2.41 per cent as compared to 2.33 per cent earlier. Rate of interest for deposits with 2-3 years maturity has been revised to 2.71 per cent from 2.43 per cent earlier. For deposits having a maturity of five years, the rate has been revised to 3.47 per cent, against 3.11 per cent earlier, the banks said.
Cases with the Omicron variant have already been detected in Karnataka and Gujarat.
The bonds were available for seven years. Since these were not traded in the secondary market, redemption took place at maturity.
A N Shanbhag, the highly respected investment guru, and his son Sandeep Shanbhag, answer your questions on NRI investment.
Those taking up a job abroad should notify their bank about the change in status and open appropriate NRI accounts
US President Donald Trump does not have plans to immediately concede the election to Joe Biden after his Democratic rival pulled ahead in key states that could deliver him enough electoral votes to win the race for the White House, a senior aide of the president was quoted as saying by a media report on Friday.
Patna-resident Gaurav Rai has helped save the lives of over 1,100 patients in home isolation in the state capital and other parts of Bihar so far by providing oxygen cylinders free of cost.
India's current account surplus moderated to $15.5 billion or 2.4 per cent of the GDP in the July-September quarter of the current fiscal, the RBI said on Wednesday. The same was at $19.2 billion or 3.8 per cent of the GDP in the preceding three-month period on account of a rise in the merchandise trade deficit, the RBI said in a statement on 'Developments in India's Balance of Payments during the Second Quarter (July-September) of 2020-21'. It is for the third consecutive quarter that India's current account remained in surplus. In the last quarter of 2019-20, the surplus was $0.6 billion. Current account deficit/surplus reflects the difference between the outflow and inflow of foreign exchange in a country's current account.
he news reports of the response that Tejaswi has been generating at his election rallies must definitely put a smile on his father's face, observes Asmita Bihari.
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Amidst debate over control of Jet Airways post UAE's Etihad buying stake, the RBI on Thursday notified FDI guidelines defining control of a company, saying that a firm will be said to be controlled by non-residents if they have powers to appoint majority of the directors.
The key is to act and not wait and watch before the limited window of opportunity shuts, argues Shanthie Mariet D'Souza.
Diaspora groups in the UK urged for calm and advised non-resident Indians and people of Indian origin to follow the new lockdown rules, which mean a majority of the UK is under the strictest lockdown with all non-essential businesses now closed.
The veteran Congress leader said people asked him why only he had been arrested, but he had no answer.
A longstanding wish of millions of Non Resident Indians for voting right in India has come true with the Centre issuing a notification to this effect to enable them to exercise their franchise.Parliament had in the monsoon session passed the Representation of People (Amendment) Bill, 2010 to allow NRIs to vote in Indian elections and now government has issued a gazette notification in this regard.
Non-Resident Indians and Indian nationals abroad can deposit up to Rs 25,000 of the demonetised currency during the 3-6 month grace period, but only if they show the junked notes to Customs officials at the airport and get a declaration form stamped.
E-commerce companies that fall within the scope of the equalisation levy include Adobe, Uber, Udemy, Zoom.us, Expedia, Alibaba, Ikea, LinkedIn, Spotify, and eBay.
The Budget proposed abolishing the under-performing, authority of advance ruling, to replace it with a two-member board of advance ruling.
Customers can electronically transfer money instantly to more than 1,000 branches of banks across India.
A government spokesman said there was "no truth" to a report in Britain's Times newspaper that the government had privately concluded the Games would have to be cancelled.
'It is not only the hero who displays guts and cleverness but the villain can also have these traits.'
Emotions ran high as the farmers performed ardas (prayers) and havan to thank the almighty and started their 'victory march' from Singhu, Tikri and Ghazipur protest sites to Punjab, Haryana and Uttar Pradesh in convoys of tractors, bedecked with colourful flowers and lights and blaring songs of jubilation.
ICICI Bank on Thursday hiked interest rates on deposits of Non-Resident Indians.
Any company resident in a country has to pay both indirect taxes as well as Income Tax.
There has been an upsurge in hiring of Non-Resident Indians and expats by companies in the country in the past two years, thanks to improved infrastructure and competitive compensation levels, experts say.
In a set of FAQs on applicability of Goods and Services Tax on banking, insurance and stock brokers sectors, the revenue department has clarified that transactions relating to securitisation, derivatives, future and forward contracts are exempt.
GSR 592(E) states that all NRIs -- including PIO like your son -- are not eligible to open PPF accounts. The accounts opened prior to all these dates are allowed to run up to their maturity but no extension or renewal can be made.
Mechanism for non-resident service providers made stricter.
Nevada is the fourth State where the Trump Campaign has filed a lawsuit. United States President Donald Trump, who has 214 votes so far, has filed lawsuits in Pennsylvania, Georgia, Michigan and demanded recounting of votes in Wisconsin.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
However, both developers as well as analysts are hopeful that these business metrics will pick up once activity resumes.
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.
It is necessary to get the same probated in India also.
Who will walk away into the sunset at the end? The reigning superstar who has given three mega blockbusters in 2005, 2010 and 2015? Or the fresh faced son of a former star trying to make a mark for himself, asks Asmita Bihari.
Deposits by NRIs with persons other than authorised dealers or banks, out of inward remittances from overseas or by debit to NRE or FCNR(B) accounts, will not be permitted with immediate effect.
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.
The country's net international investment position declined by 6.45 per cent to $49.12 billion in June this year compared with $52.51 billion on March 31, 2008, indicating net claims of non-residents on India.
Downloading songs, movies, books? You may have to pay tax on it.
The high court remained unconvinced by Mallya's claim that he has been a non-resident Indian since 1988 and has lived in England since 1992, a country where he has indefinite leave to remain
