The Union Finance Ministry on Friday announced key amendments to foreign exchange (forex) regulations, including mandating government approvals for all investments originating from countries that share land borders with India. The latest amendments also seek to simplify cross-border share swaps and streamline key definitions, such as "control". The updated regulations have aligned the treatment of downstream investments made by overseas citizen of India (OCI)-owned entities with those owned by non-resident Indians (NRIs) on a non-repatriation basis.
'Denying access to the country to writers of both foreign and Indian origin casts a chill on public discourse; it flies in the face of India's traditions of free and open debate and respect for a diversity of views, and weakens its credentials as a strong and thriving democracy'
The Indian Diaspora has been able to carve a niche in their adopted countries as a result of their talent, perseverance and hardworking nature, asserts Rup Narayan Das.
Under the graded relaxation, the government has decided to restore with immediate effect all existing visas, except electronic visa, tourist visa and medical visa, the statement said.
President Droupadi Murmu on Saturday approved 139 Padma awards including seven Padma Vibhushans, 19 Padma Bhushans and 113 Padma Shris.
The Securities and Exchange Board of India (Sebi) may allow non-resident Indians (NRIs) and Overseas Citizens of India (OCIs) greater exposure to domestic equities if their investments are sent through foreign portfolio investors (FPIs) registered at the GIFT City International Financial Services Centre (IFSC). The proposal will be taken during Sebi's board meeting on Saturday along with other key agenda items such as easing of voluntary delisting mechanism and introduction of a regulatory framework for real estate fractional ownership platforms, said people in the know. At present, the combined holdings of NRIs and OCIs in a global fund have to be less than 50 per cent, while that of a single NRI or OCI is capped at 25 per cent.
The SC dismissed a PIL seeking quashing of amendments made in Citizenship Act which deny voting rights to OCIs.
The minister for Overseas Indian Affairs says he is aware of the problems expatriates face when they travel to India with their Overseas Citizen of India cards.
Non-Resident Indians are not eligible for grant of overseas citizens of India registration as they are Indian Citizens, Minister of State for Home Sriprakash Jaiswal informed the Rajya Sabha on Wednesday.
The France Excellence Charpak Master Scholarship is designed for up to two years of education in France at the Master's degree level for all streams and fields of study.
The All India Football Federation is exploring the possibility of selecting Persons of Indian Origin (PIOs) for the Indian football team.
Narendra Modi addressed the Indian diaspora at the Tel Aviv Convention Centre at an event which was also attended by Israeli Prime Minister Benjamin Netanyahu.
The Centre told the Delhi high court on Friday that American journalist Angad Singh has been blacklisted despite being an OCI cardholder for misrepresenting facts in his application for obtaining a journalistic visa and violating certain norms.
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The Indian community said that the prime minister surpassed all of their expectations.
The BJP also went on to label Kaul a "Pakistani sympathiser" and posted headings of a couple of her writings on X.
Data reveals that India issued only 5,709 tourist visas during this year's January 1 to November 2 period, reflecting a staggering 91 per cent decrease compared to the entire year of 2022.
The home ministry on Thursday announced the Padma awards which included five Padma Bhushan, 17 Padma Bhushan and 110 Padma Shri.
Counsel for journalist Angad Singh told the court that they got to know about the "blacklisting" only after the Centre filed its response to his plea challenging the entry refusal.
India on Thursday announced temporarily suspending issuance of visas to Canadian citizens in view of "security threats" faced by its high commission and consulates in Canada, amid an escalating diplomatic row over Ottawa's allegations relating to the killing of a Khalistani separatist on Canadian soil.
Making it clear that its decision will not be treated as "precedent for any other case", the top court, in a compassionate verdict, accorded primacy to saving the life of the child who was admitted to a private hospital in Gurugram for treatment of decompensated biliary cirrhosis (DBC).
'That would be ridiculous and uncharacteristic of the PM.' 'It is also not how things happen in illiberal States.' 'In such places, lower-level functionaries of every rank and hue seek to ingratiate themselves with the highest authority by going pell-mell after dissenters and outsiders,' points out Mihir S Sharma.
Foreign nationals who are single parents of minor children holding Indian passports or OCI cards, students who are foreign nationals where at least one of their parents is an Indian citizen or an OCI cardholder were allowed to visit India.
'Given that they are playing at home and will have full crowd support, India, who are in peak form and whose morale is high, will be the favourites.'
The threshold for identification of BOs of FPIs on controlling ownership interest is 25 per cent in case of companies and 15 per cent in case of partnership firms
The court stated that creating an absolute bar on the disclosure of information to non-citizens would be contrary to the purpose and object of the RTI Act itself, and the same cannot be read into the legislation.
A prominent Indian Diaspora body, FIIDS, on Monday urged Finance Minister Nirmala Sitharaman to allow non-resident Indians and overseas citizens of India (OCI) card holders to invest in the Indian stock market. Such a move would boost the Indian economy further by attracting investment from the global Indian community, said the Foundation for India and Indian Diaspora Studies (FIIDS) USA. FIIDS is a US-based institute for US-India policy studies and awareness.
India has been raising with China the plight of approximately 22,000 Indian students enrolled in Chinese universities who are unable to go back for physical classes. However, the neighbouring country has till date refused to let them enter.
In his inaugural address at the 7th edition of Pravasi Bharatiya Divas, organised by the Ministry of Overseas Indian Affairs, Tamil Nadu government and Confederation of Indian Industries, the prime minister said that professionals, including doctors, dentists, pharmactists, engineers, architects and chartered accountants, would have the benefit of practising their professions in India.
The contentious Citizenship (Amendment) Bill, 2019 (CAB), which generated widespread protests in the north-eastern states, is expected to be tabled in the Lok Sabha on Monday for consideration and passage.
This year, eight eminent individuals are being given Padma Bhushan and 54 are being conferred with Padma Shri awards, besides the two Padma Vibhushan recipents.
While many are getting stranded because of lack of clarity regarding the visa rules following the novel coronavirus outbreak, others are stranded in transit as even OCI cardholders are being turned away
Samajwadi Party patriarch Mulayam Singh Yadav is among six personalities chosen for this year's Padma Vibhushan.
The 34-year-old Tait posted a picture of his OCI passport on Twitter to reveal his status.
Dr Sujit Pandit of Ann Arbor, Michigan, got off lightly at the hands of immigration officials in India, in comparison to seven- year-old Viraj and three-and-a-half-year-old Vrishabh, who three years ago were deported within two hours of landing for not carrying their old passports.
'To the youth, I will say work hard. One minute of work will not get you anything. I have worked hard for the past 20 years, 2002 was the first time I won a gold medal.'
In the afternoon, the home minister will introduce the Bill to amend the six-decade-old Citizenship Act and later in the day, it will be taken up for discussion and passage, according to the Lok Sabha's List of Business for Monday.
Brazilian police said on Tuesday they had uncovered emails between detained International Olympic Committee (IOC) member Patrick Hickey and the British owner of a ticketing company they said masterminded a scheme selling Olympic tickets illegally.
The Indian Americans received their Overseas Citizen of India (OCI) cards at a special function at the Indian consulate in Houston Wednesday.
'As soon as we give up our Indian citizenship and take on a foreign passport, we magically transform into individuals that are a potential threat to the country's security.'
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