India has generated an estimated revenue of about $600 million from over five lakh international healthcare travellers including non-resident that visited India in 2006, the study revealed.
The bill says the deductor will deduct tax at higher rates than that is in force or 20 per cent in case the TDS assessee does not furnish his PAN.
Vedanta Resources, a global metal and mining company led by Non-Resident Indian billionaire Anil Agarwal, is looking to rationalise its workforce and reduce overall costs by 30 per cent to tide over the global economic downturn.
Latest data from the Swiss National Bank showed that money parked by Indians in Swiss banks rose over 50 per cent to CHF 1.01 billion
The new Direct Tax Code is expected to result in a higher tax-to-GDP ratio, reduce compliance costs, lower the administrative burden, discourage corruption and most importantly, improve equity both horizontal and vertical.
A 52-year-old non resident Indian, who was suspected to have contracted swine flu, died shortly after he was admitted to a hospital in Kerala's Kollam district on Wednesday night, a health official said on Thursday. The throat swabs of Stanley Pelis, who arrived in Kerala two weeks ago from the United Kingdom, have been sent to the National Institute of Communicable diseases, New Delhi, today morning. If confirmed, he would be the first victim of swine flu in the country.
For the first time, British Prime Minister Gordon Brown on Friday celebrated Diwali at 10 Downing Street, as the Labour leader and his wife lit a lamp placed amid idols of Lord Rama, Krishna from the Swaminarayan Mandir.
India owed $82.5 billion to foreigners as on June-end this year, 39 per cent higher than $59.4 billion three months back, in terms of the country's assets and liabilities to the international community.
Andhra Pradesh government has conveyed the deep concern and apprehensions of the people of the state over the incidents of murders of the people belonging to the state in the United States of America. Mohammed Ali Shabbir, minister for energy, coal, minorities' welfare and non-resident Indians affairs convened a high level meeting on the instructions of the Chief Minster Y S Rajasekhara Reddy on Friday.
It is also considering to hike FDI cap for public sector from 20 per cent to 49 per cent
Several members of the Indian community gathered at the Times Square in New York to hold discussions about the upcoming Bihar elections and voice their expectations from a future government over improving the economic and employment scenario in the state.
Residents did not bolt for the exit, dampening the crisis' financial impact.
In a concerted attempt to checkmate the Non-Resident Indians and overseas Indians deserting their wives after marriage, the Centre has decided to enforce compulsory registration of their marriages and help women fight their cases in India and abroad. The Law Ministry will be sending a proforma to state governments for uniform and compulsory registration of all marriages solemnised in India.
The Malaysia-based Hindus Rights Force, struggling for rights and equality for ethnic Indian minorities in that country, has urged Persons of Indian Origin and Non-Resident Indians to extend support towards their cause. HINDRAF chairman P Waytha Moorthy told PTI that the PIOs should use their clout with India and appeal to the government to severe trade relations with that country, as well as stop all investments in that country.
If you are an NRI and have a business or asset in India, that provides you with income, you are required to pay income tax just like any other Indian. Indian taxation laws are quite different for NRIs and it is important that you are aware of what you are liable to pay.
The Tamil Nadu police would ensure 'maximum protection' for the three-day Pravasi Bharati Divas, the annual congregation of Non-Resident Indians, in the city in the wake of the e-mail threat warning of possible terror strikes during the high-profile event."We have ensured maximum protection," Suburban Police Commissioner S R Jangid told reporters after reviewing the security measures at the Chennai Convention Centre, the venue of the event, to be organised from January 8.
The Southern Illinois University School of Medicine in Springfield and the Prathima Institute of Medical Sciences, in Karimnagar, Andhra Pradesh, which was established at the initiative of a group of non-resident Indians, have signed a memorandum of understanding for fostering academic collaboration and improving rural healthcare. The agreement allows for student and faculty exchange between the two institutions.
"Non Resident Indians having relevant qualification and experience in Engineering or basic sciences are being inducted into the Defence Research and Development Organisation under a talent hunt scheme," Defence Minister A K Antony informed Rajya Sabha on Wednesday. The talent hunt is being conducted through video-conferencing on adhoc basis and the posts subsequently advertised for regular inductions, he said.
Considered, till recently, the "blue-chips" of the estimated $15 billion Indian matrimonial market, the marriage value of non-resident Indian (NRI) and India-based investment bankers is rapidly being eroded.
The throat swab of the 52-year-old non resident Indian, who died in a hospital in Kerala's Kollam district on July 1, was found to be negative for H1N1 flu, putting to rest fears that his death may have been due to swine flu. Deceased Stanley Pelis, who arrived in Kerala two weeks ago from the United Kingdom, had died of viral pneumonia, said director of Health Services Dr K Shyalaja.The patient, who hails from Kollam, was suffering from viral fever,she said.
The banks offer FCNR deposits in six currencies -- US dollar, euro, pound sterling, Canadian dollar, Australian dollar and Japanese yen. In the FCNR deposit category, SBI has raised rates by 12-21 basis points on US dollar deposits across various maturities. The new rate for the one and less than two years category is 3.12 per cent (2.98 per cent). Five-year FCNR (B) deposits carry a higher rate across various maturities at 3.66 per cent as against 3.45 per cent earlier.
No special permission is required for an Indian citizen residing outside India to acquire (by purchase or gift) any immovable property in India other than agricultural land, plantation property or a farmhouse.
Rajkot city mayor Raksha Boriya on Wednesday suggested that girls should not wear short tops to avoid rape and sexual assaults and to 'conserve Indian values', drawing sharp criticism from several quarters.
Don't marry Indians in America, including Canada,' Vayalar Ravi, India's minister for Overseas Indian Affairs often tells people back home.
The selected students, picked for outstanding academic achievement, artistic excellence, leadership, citizenship and service to their schools and communities, will be honoured in a ceremony in Washington, DC, later this month.
Family members alleged medical negligence on part of the airport, a charge which the airport authorities denied.
Here are the answers to six most relevant questions you MUST know about the New Pension Scheme.
On matters relating to the Diaspora, the Centre needs to call the shots, suggests Ambassador T P S Sreenivasan.
100-150 NRKs are returning from the Gulf sector every week.
Canada has taken a serious note of NRIs from Canada duping Indian women after marrying them in India.
The inflow of Non-Resident Indian deposits shot up to $3.99 billion at the end 2008-09 as against mere $179 million at the close of the previous year, according to Reserve Bank of India data.
Finance Minister P Chidambaram on Friday launched trading in currency futures at the National Stock Exchange in Mumbai.
While Geojit Financial Services and Kotak Securities are already managing large NRI portfolios in West Asian countries, Sharekhan, yet another local brokerage outfit, recently launched a broking platform called India First in Bangkok for NRI clients.
In 2008, of the more than 3.6 million foreigners coming to the US on resident non-immigrant visas, Mexico topped the list with 440,099 followed by a close India with 425,826 admissions.
This will enable Non-Resident Indians in the US to call friends and family back in India at the most competitive rates in the market, Airtel said.
Leading NRI entrepreneur Lord Swraj Paul has scripted history by becoming the first Asian deputy speaker of the British House of Lords.
Last month, Barun K Gorain, a non-resident Indian with Canadian company Barrick Gold Corporation came to Delhi with a $10-million proposal for suggesting a viable method to recover silver from Barrick's gold mines in Argentina.
Leading non resident Indian MP Virender Sharma on Thursday demanded stringent action against gangs involved in abetting illegal immigration from the Indian state of Punjab to the UK, following a BBC exposure on the issue. An undercover operation by BBC claimed to have exposed a London-based criminal network that used fake passports, identity documents and human carriers to bring in illegal migrants, mostly from Punjab.
After questioning him for four hours in the morning, Chidambaram was taken to a special court in Delhi which sent him to CBI custody till Monday.
Leading Non Resident Indian Member of Parliament Keith Vaz has introduced a bill in the House of Commons seeking a more ethnically balanced Parliament in the United Kingdom. The bill will allow parties to create ethnic-minority shortlists when selecting parliamentary candidates. There are currently only 13 Labour and two Conservative Members of Parliament of an ethnic minority background. No Liberal Democrat belongs to that category.
