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.
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]).
Despite its recent underperformance, gold must be a part of your portfolio.
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.
Bizarre details of the killing have surfaced in the last several weeks.
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.
Dr Balu, who arrived in the United States in 1968 from Chennai, is planning to visit southern India periodically to help strengthen the programme.
"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.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your income tax queries.
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.
An Indian-origin woman has been murdered in west London and her right hand severed in a case that led to the arrest of her India-born husband and five others.
Indian workers' remittances to the country from abroad have soared considerably over the years to touch $23 billion in 2004, according to World Bank statistics.
The gutka company owners have warrants issued under them for questioning in a case alleging underworld links.
As protectionism grows from the United States to Australia, Sanjay Kumar Singh draws up a comprehensive financial checklist for those shifting to India.
Barclays chairman Marcus Agius and chief executive Bob Diamond have resigned after regulators in the UK and US slapped a 290 million pound penalty on the bank.
NRIs are preferred borrowers in India and their assets in India and other property rentals are accepted as supportive income streams.
The outreach initiative has been launched in the wake of a directive from the Indian government asking consulates to have regular interaction with Indian nationals to understand their problems and come up with solutions.
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.
An Indian-origin woman, who miraculously escaped after jumping in front of a train with her 5-year-old son last year, has been ordered to be detained indefinitely in a mental hospital in London.
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 Indian diaspora remain bullish despite single-digit equity market returns since May 2014, says Pavan Burugula.
Singer Kanika Kapoor got married to NRI businessman Gautam Hathiramani on May 20 in London.
The wife of an Oxford University professor found dead in Indian-origin colleague Devinder Sivia's house in Oxfordshire defended him, saying the death was 'not murder' and it must have been a 'tragic accident'.
"The gunshots were getting louder and louder and the floor and ceiling were actually shaking from the blasts. I knew if we stayed put that, eventually, they'd find us. As an entrepreneur, you learn to think that nothing is impossible. The word 'No' doesn't register. So I asked myself, 'How do we do this?' and 'What would Richard Branson do?'" says British businessman Deepak Kuntawala.
Asha Goel, 61, had arrived from Toronto 10 days ago.
Fernandes was hospitalised in July after suffering a fall while doing yoga at his house.
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.
An Indian-American widow will have to forfeit her 34-room mansion in New YorkState after she lost her appeal to overturn a 2013 conviction for harbouring an illegal immigrant from Kerala for over five years and subjecting her to slave-like conditions.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
