The impact of currency depreciation can also be mitigated by holding a portion of your investment portfolio in dollar-denominated assets.
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.
Apart from easing the NPA pressure on domestic banks, the RBI's move can allow companies to raise cheap, long-term loans easily now.
One hopes in his next term, Narendra Modi will take up the mission of inculcating respect for following rules in Indians as a mission. Therein lies the chance for India to become a developed country, asserts Colonel Anil A Athale (retd).
On his last day in India, Prime Minister Stephen Harper took time to visit the Akshardham temple and the Golden Temple in Amritsar.
Samajwadi Party general secretary Amar Singh, who was instrumental in his party's volte-face on supporting the United Progressive Alliance government and the India-United States nuclear deal, recently visited the United States to meet with the presidential hopeful Hillary Clinton who he says is a good friend. In this interview, he speaks about the nuclear deal and the post-poll scenario
India's dream to be in the forefront of international politics has come true. India has placed itself firmly as a major player in the shaping of a new world order, observes Ambassador T P Sreenivasan.
President Barack Obama has nominated Rahul 'Richard' Verma, currently a partner with the top-notch international law firm in Washington,DC -- Steptoe & Johnson LLP -- as Assistant Secretary of State for Legislative Affairs, and sources told Rediff India Abroad that considering that he has been a much respected Congressional staffer, his confirmation process before the Senate Foreign Relations Committee in the coming weeks would be a shoo-in.
Rediff-India Abroad reader Ashok K Dharmani, a resident of Detroit, could not attend his mother's funeral in India, thanks to the indifference of Indian visa rules and the high-handedness of some staffers at the Indian Consulate in Amsterdam. In a letter to Home Minister P Chidambaram, Dharmani talks about the anguish and harassment he suffered at the Amsterdam airport.
'He views a partnership with India as one of the building blocks of our relationships in the 21st century,' says Randy Scheunemann, director of foreign policy for the John McCain campaign.
Travel through the length and breadth of India, just at the click of a button!
Being driven to abandon Indian middle-class values, asks Ajit Balakrishnan.
Terry McAuliffe, chairman of Hillary Clinton's presidential campaign, speaks exclusively to Aziz Haniffa.
The Obama administration's point man for South Asia, United States Assistant Secretary of State Robert Blake, tells rediff.com/India Abroad's Aziz Haniffa in this exclusive interview that Secretary of State Hillary Clinton who co-chairs the second US-India Strategic Dialogue with External Affairs Minister S M Krishna on Tuesday
Foreign currency loans raised by Indian companies nosedived to $210 million in the September quarter (Q2), 93.3 per cent less than the year-ago period when five firms raised $3.1 billion. The Q2 amount is the lowest since December 2003 quarter when India Inc raised $191 million. Companies cited volatility in the currency markets, sharp rise in interest rates in the United States, and fund availability in India as the main reasons behind the sharp fall.
Dr Ashwin Mallipatna is one of the five Indian doctors who are in Toronto working at SikckKids hospital under Healthy Kids International for which even the Indian government has allocated Rs 5 million, or $125,000.
Mysore L Nagaraja, who managed mass transit projects costing $20 billion for New York's Metropolitan Transportation Authority, has resigned.
The first leg of Micron's semiconductor play in Sanand is crucial for the company to sprint towards India's goal of joining the chip race.
As the efforts to stop the auction of Mahatma Gandhi's personal belongings failed, businessman Sant Singh Chatwal asserted that he would make a bid for "sacred pieces of Indian history". Fearing that the controversy over the auction has boosted the prices, the high-profile hotelier said he would like other community leaders to take part in the bidding.
A N Shanbhag, the highly respected investment guru, and his son Sandeep Shanbhag, answers your questions on NRI investment.
'The worry is that being neighbouring countries, you cannot but help a spillover,' says India's High Commissioner to Bangladesh Veena Sikri.
India, in particular, has suffered from the flow of illegal funds to tax havens such as Mauritius, Switzerland, Lichtenstein, British Virgin islands etc.
'Our Left is squeamish about democracy. They are so mechanical they have only dogma.'
Swadeshi economist, columnist and chartered accountant S Gurumurthy speaks to Shobha Warrier about one year of Modi Sarkar.
In this third part of a series, rediff India Abroad discusses the various contours of its analysis of rising gun culture among Indian Americans.
A N Shanbhag, the highly respected investment guru, and his son Sandeep Shanbhag, answer your questions on NRI investment.
'We have shown them what we are going to do. That we are willing to separate the civilian and military nuclear establishments.'National Security Adviser M K Narayanan in an exclusive interview.
Readers share their travel photos. You can share yours too.
The Obama administration has shelved the idea of launching a massive military evacuation of nearly 200,000 Tamil civilians trapped in the Liberation Tigers of Tamil Eelam strongholds, sources have told Rediff India Abroad.
India recorded a comfortable nine-wicket win in the first Test at Motera on Monday. So, what India do right, and England do wrong at Motera. Discuss the day's play, and the first Test, with India Abroad's Bikash Mohapatra on Rediff ZaraBol.
The head of intelligence at the Indian high commission in Ottawa, when the Air India 747 was blown up on June 23, 1985, speaks to Senior Editor Ajit Jain.
The government can argue the change targets only those residing abroad but the fact remains that it does affect the kin and friends in India of non-residents.
'The ball is once again in India's court to move the deal forward. And yes, time is indeed of the essence,' one official said.
