Rejecting allegations of stashing away unaccounted money in Swiss accounts, Jet Airways on Friday said there is no account in the name of its Chairman Naresh Goyal in HSBC Bank, Geneva, though he is entitled to have bank accounts outside India as he is a Non-Resident Indian.
'Your achievements are many, Nitish babu, but it needs a sustained campaign to remind us, the good people of Bihar, what we may have forgotten,' points out Asmita Bihari.
The move may trigger a confrontation between the AAP dispensation and the LG office.
Ganapathi, secretary (West), ministry of external affairs, has been tasked to once again take up the matter and convey the government's views on the issue to the Norwegian authorities, official sources said.
'There is an bligation on Finance Minister and Prime Minister to take the country into confidence'.
According to sources, the central bank is keen on such a scheme to attract foreign exchange, as the country's reserves have seen a depletion in the wake of a weakening domestic currency.
India has got the second set of Swiss bank account details of its nationals and entities under the automatic exchange of information pact with Switzerland, marking a key milestone in the government's fight against black money allegedly stashed abroad.
Amending the Foreign Exchange Management Regulations, the RBI said that its prior permission would not be necessary where the company whose shares are being transferred is engaged in any financial service.
With the custody row with Norway over two Non-Resident Indian children settled, an Indian mother in Sweden has sought the Indian government's intervention for custody of her 11-year-old son allegedly being held by the Swedish authorities.
The recent decision by a Norwegian court to hand over two Non-Resident Indian children in foster care to their paternal uncle in India after a protracted legal battle was "taken in the best interest of the children," a senior official said on Tuesday.
NRIs remittances jumped 19 per cent to $66 billion in the last fiscal compared to the previous financial year because of a sharp decline in the rupee value against dollar, Assocham said in a study.
After the Pravasi Bharatiya Divas, Priyanka asks Overseas Indian Affairs Minister Vyalar Ravi the tough questions about voting rights, investments, and other issues faced by Non-resident Indians.
Analysts expect the central bank to remain watchful of inflation.
The chief ministers deviated from their prepared speech copies and went all out to woo the NRIs and PIOs as they explained the development initiatives being taken by their respective governments in achieving inclusive growth.
The aid will directly benefit 25,000 people from some of the worst hit areas of the state, adding a humanitarian expert from the European Civil Protection and Humanitarian Operations has also been deployed to assess the situation in the state.
For non-resident Indians (NRIs), the recent relaxation in the inward remittances guidelines by the Reserve Bank of India (RBI) comes as a relief.
The Reserve Bank of India on Thursday allowed Non-Resident Indians to hedge currency risk for external commercial borrowings (ECBs) denominated in rupees with Indian banks.
Four non-resident Indians and two Ghana citizens of Indian origin, who were charged by Scotland Yard on May 18 for allegedly trafficking an Indian woman from Hyderabad for sex, will now face trial in October.
The total external debt of $426 billion showed an increase of $21.1 billion over the March-end level.
Distraught parents of two Indian-origin children held in Norway under protective care on Friday had an emotional re-union with their kids and hoped that the family's suffering will end soon, months after the issue triggered a diplomatic row.
More and more Indians are opting for offshore properties as a second home in exotic locations.
Almost a year after announcing a $4 billion deal, Sun Pharmaceutical Industries on Tuesday said merger of Ranbaxy with itself has been 'consummated.'
The two children of a Non-Resident Indian couple in Norway, who had been taken away by country's Child Welfare Service last year and kept in foster care, on Tuesday returned to India. After months of custody row that saw India stepping up diplomatic pressure on Norway to send back the children a Norwegian court on Monday had handed over the custody of the two children to their paternal uncle.
A Norwegian court on Monday handed over two Non-Resident Indian children to their paternal uncle, ending months of custody row that saw India stepping up diplomatic pressure on Norway to send back the kids, taken away by the Child Welfare Service here last year and kept in foster care.
President Pratibha Patil has approved the conferment of Padma Awards 2012. This year the president has approved 109 awards including one duo case (counted as one) and 14 in the category of foreigners/non-resident Indians/ Persons of India Origin/ posthumous. These comprise five Padma Vibhushan, 27 Padma Bhushan and 77 Padma Shri Awards. There are 19 ladies among the awardees.
President Pratibha Patil has approved the conferment of Padma Awards-2012. This year the President has approved 109 awards including one duo case (counted as one) and 14 in the category of foreigners/ non-resident Indians/ Persons of Indian Origin/Posthumous. These comprise five Padma Vibhushan, 27 Padma Bhushan and 77 Padma Shri Awards. There are 19 women among the awardees.
Rediff.com's A Ganesh Nadar caught up with Arjun Munda, Chief Minister of Jharkhand.
The tsunami of recession that originated in the Wall Street and spread to Europe did not affect India because our banks are conservative, said Overseas Indian Affairs Minister Vayalar Ravi while addressing a seminar at the 10th Pravasi Bharatiya Diwas in Jaipur on Sunday.
India's officialdom must turn to the diaspora to fund the economy's addiction to foreign money.
In a measure that will have far-reaching impact on foreign investment and the Vodafone case having a tax implication of Rs 11,000 crore (Rs 110 billion), the government proposed amendment in the Income Tax Act retrospectively from April 1, 1962.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Non-resident Indian Anshuman Mishra, who was recently in the news over the controversy surrounding the Bharatiya Janata Party's candidate for Rajya Sabha polls from Jharkhand, writes an open letter to party patriarch Lal Krishna Advani in which he advices the latter to make a dignified exit and hand over the reins to the party's second generation leaders.
India is "closely monitoring" the progress in the non-resident Indian children custody row, External Affairs Minister S M Krishna said in New Delhi on Thursday.
Pranab Mukherjee's stewardship of the economy will stand out as much for the manner in which he managed controversies as for creating quite a few of them, says A K Bhattacharya.
Several Assamese-origin students studying in American universities met with Indian embassy officials to deliver a letter to President Pranab Mukherjee on the killing of over 32 Muslims in Assam as a result of election-related violence there. Aziz Haniffa reports
Sagarika Bhattacharya, the mother of the two Non-Resident Indian children who arrived in India after a Norwegian court granted their custody to their uncle, on Wednesday posted a message on Facebook saying 'give them a big hug from me'.
While the FPI limit on most bond issues would not be raised above 6 per cent, there would be some in which there would be no limits, reports Arup Roychoudhury.
External Affairs Minister S M Krishna on Sunday instructed Indian Ambassador to Norway R K Tyagi to speak to the Norwegian foreign ministry to ensure the release of two children, who were separated from a Non-resident Indian couple by the Norwegian Childcare Services.
The income tax department has slapped a Rs 1,067-crore (Rs 10.67 billion) demand notice on telecom giant Bharti Airtel for alleged non-payment of Tax Deducted at Source (TDS) dues in the past four financial years in connection with its operations abroad.
Exemption from minimum alternate tax for REITs & infrastructure investment trusts; Depository receipts on all securities eligible for tax benefit
