The flow of deposits from non-resident Indians (NRIs) hit a four-year low in the financial year 2020-21 mainly due to contraction in foreign currency deposits, latest data released by the Reserve Bank of India (RBI) shows. Total NRI deposits during FY21 were $7.3 billion as compared to $8.6 billion in FY20 - the lowest since 2016-17, when such deposits had contracted by $12.3 billion. Indian banks have three kinds of deposit accounts where NRIs or PIOs (persons of Indian origin) can park their funds: non-resident external-rupee account (NRE); non-resident ordinary rupee account (NRO); and foreign currency non-resident bank account (FCNR [B]).
Indian-origin Assistant Commissioner of Police Tarique Ghaffur, one of Britain's senior officers, has launched legal action against the Scotland Yard on the grounds that he was 'harassed, degraded and humiliated' because he is Asian and a Muslim.Ghaffur officially lodged the discrimination claim against the Metropolitan Police and Commissioner Sir Ian Blair.Ghaffur has been further 'victimised' by threats that he would be sacked unless he suspended legal proceedings.
Entertainment may be its raison d'etre but the tears brought about by cinema are no less significant.
Singer Kanika Kapoor got married to NRI businessman Gautam Hathiramani on May 20 in London.
NRIs lobby for unrestricted flow of foreign funds in India for philantrophic purposes. They appealed to the govt. to do away with FCRA.
Sivasankran alleges Maran had forced him to sell Aircel.
The software developed by UNIMACS Director V S Subrahmanian and his colleagues at the university can almost instantly search the entire Internet for information/links for a terrorist suspect or other particular person/group of interest.
The state government, a few years ago, started a matching grant scheme for NRIs who wanted to invest in the development of their villages, and the scheme proved attractive for NRIs, especially in the Doaba region.
'Information developed revealed the suspect was upset with Shayona's parents and sister for discontinuing the relationship due to different religious backgrounds, Hindu and Muslim,' the court papers said.
The bail for Varsha Sabhnani, who is accused of torturing the women whom they had hired as house help, has been set at $2.5 million and for her husband, who allegedly allowed the abuse to take place, at $1 million.
The team observed a dialogue between the hippocampus and the neocortex, areas of the brain where memories are made and stored.
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.
According to central and state officials, omicron cases have been detected in 11 states and union territories -- Maharashtra (54), Delhi (22), Rajasthan (17) and Karnataka (14), Telangana (20), Gujarat (9), Kerala (11), Andhra Pradesh (1), Chandigarh (1), Tamil Nadu (1) and West Bengal (1).
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.
Fernandes was hospitalised in July after suffering a fall while doing yoga at his house.
Montek Singh Ahluwalia's suggestion should be slightly modified for this.
Words and actions like those of R N Ravi and a vocal section of the state BJP have only added to Tamil fears and suspicions, points out N Sathiya Moorthy.
Mumbai Airport immigration officials deported two American citizens, seven-year-old Viraj Shriwardhankar and three-and-a-half-year old Vrishabh, two hours after they landed in India last week.
June was a memorable month for the 101-year-old Tamilnad Mercantile Bank (TMB). Last month, the Thoothukudi-based bank witnessed two new landmarks in a history in which the last three decades could easily qualify for a Kollywood blockbuster.
An Indian-origin doctor, branded as "sex predator" for sexually assaulting women and teenage girls and secretly filming the acts, has pleaded guilty to 39 sexual offences at a UK court.
Educational institutions in India have a quota system for non resident Indians (NRIs). But the catch is that the fees are higher than what resident students pay.
NRI businessman and Lulu group chairman M A Yusuff Ali, who had a miraculous escape on April 11 after his helicopter crash-landed on marshy land in Kochi, has undergone a spinal surgery at a hospital in Abu Dhabi, the company said.
Bizarre details of the killing have surfaced in the last several weeks.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
As protectionism grows from the United States to Australia, Sanjay Kumar Singh draws up a comprehensive financial checklist for those shifting to India.
Dr Balu, who arrived in the United States in 1968 from Chennai, is planning to visit southern India periodically to help strengthen the programme.
Complaints to NCM fall down sharply...4,000 Indian women deserted by NRI husbands since 2016...79 districts in India still don't have blood banks...
"The President was very enthusiastic when we told him we want to give this award to Qader," said MIOA Deputy Secretary Mahesh Arora.
The prime accused in the murder of a Punjab non resident Indian has been arrested while two other co-accused gave themselves up, police said in Hoshiarpur Thursday.
Raj Persaud, famous for his appearances on daytime TV show This Morning, is being investigated by a preview panel from the Institute of Psychiatry, King's College and the South London and Maudsley NHS Trust.
Though the police have not ruled out foul play, family friends and relatives believe it might have been an accident.
The man's lawyer argued that his client had acted in self-defence, trying to break-up a fight already in progress.
'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.'
Leading non-resident Indian entrepreneur Maneck Dalal, who has played a major role in promoting Indian art and culture in the UK, has been awarded the Asian Leadership Award for his contribution towards heritage.
'Tenants who pay rent above the threshold limit must be extra cautious about TDS fillings.'
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