If there is no possibility of NRIs coming to India to vote, why should they get enrolled, asks Chief Election Commissioner V S Sampath.
RBI has allowed NRIs to invest in chit fund companies on a non-repatriation basis, subject to certain conditions
The Reserve Bank said overseas investors, including FPIs and NRIs, can invest up to 26 per cent in insurance and allied activities through the automatic route.
When an NRI returns to India, he should be aware of his tax residency status.
The government on Monday said it proposes to incentivise incorporation of one person companies, a move that will benefit startups and innovators.
The flow of money into Non-Resident Indians (NRIs) deposits witnessed a substantial increase, touching $2.14 billion in the first quarter of this financial year (Q1FY24), compared with $349 million in the same period in FY23. The outstanding NRI deposits rose by $2.5 billion, standing at $141.28 billion at the end of June 2023, up from $138.77 billion in May 2023, according to Reserve Bank of India (RBI) data. RBI released the updated data in the bulletin after almost three months.
In order to attract inflow of foreign currency, the Reserve Bank on Tuesday simplified rules governing investments by non-resident Indians (NRIs) portfolio investments like equities and debt.
NRIs transferring money can call MoneyGram's toll free number at 1-800-MONEYGRAM to find a convenient US Bank location.
Non-Resident Indians in the Gulf have urged Finance Minister Jaswant Singh to retain the present tax benefits for NRIs returning home permanently and not abolish the Not-Ordinarily Resident status now valid for nine years.
Days after extending more benefits to Persons of Indian Origin, the government is set to accept the recommendations of a committee which has favoured voting for Non-Resident Indians through electronic means.
The Kerala government's attempts of garnering funds for its under construction airport ran into rough weather on Sunday when a group of NRIs questioned the 'agenda' behind the 'secrecy' of the details of private-public participation in the management and allotment of shares in the proposed airport. Matters got worse when a senior bureaucrat said that they were not asking 'ordinary' Keralites to invest, if they don't have the money.
'A democracy cannot mean the rule of just two people,' said one audience member, who recalled that he too had chanted 'Modi, Modi' when the PM had visited the USA. Many of those gathered admitted to having been Modi supporters. What had changed them was the growing concentration of power. Jyoti Punwani reports from New York.
India needs to come up with new ideas to make the Pravasi Bharatiya Divas more appealing to overseas Indians. The Diasporas talents should be used for the country's development, says Thomas Abraham, founder of the Global Organisation of People of Indian Origin
The current global downturn has made India even more desirable to Non-Resident Indians who are bullish about the country's growth and continue to invest heavily in the country of their origin, a report said.
Most developers Business Standard spoke to claimed a 25 to 30 per cent spurt in sales to NRIs over the last two months.
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.
India Health Card works similar to a debit card. The NRIs are required to load funds onto the card through the Internet and then use it to receive healthcare services from healthcare providers in India. If a patient's health care provider is not a part of the IHC network, IHC will contact the concerned provider and explain the no-fee registration process. The beneficiaries will also receive service at a discounted rate by using the card.
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.
Because of a new notification, any retirement planning done by non-resident Indians through PPF will go for a toss, experts tell Sanjay Kumar Singh.
This could impact non-resident Indians staying in countries such as UAE which does not impose income tax on individuals under local tax laws.
NRIs may get dual passports, voting rights\n\n\n\n
The Election Commission's insistence on physical verification of millions of non-resident Indians wishing to get voting rights has led to delay in finalizing modalities for entry of their names in electoral rolls.
Raj Natarajan, president of United India Association, an organisation formed by NRIs living in Australia, has come out strongly in support of Harbhajan Singh.
Here's how NRIs can protect their overseas earnings from exchange rate risk.
Hopes soar on currency gaining more if Modi becomes the Prime Minister.
Foreigners and NRIs will soon be allowed to book train tickets online for domestic travel in India from abroad using their credit or debit cards.
Standard Chartered's India strategy will focus on wealth management while credit card will remain core to its business though will avoid competition with the country's private banks, said a senior executive of the British lender. "Our focus on wealth management and affluent clients are central to our existence. "We are strong in these areas and we want to grow in these areas.
Eight cheetahs from Namibia were released into the park in September last year as part of an ambitious project to revive the extinct cheetah population in the country.
Delhi-NCR and Mumbai are still the most preferred destinations for NRIs to buy property, say property brokers.
What could a mall in Ahmedabad, an office complex in Hyderabad and a residential township in Baroda have in common?
The 'Overseas Friends of BJP' in the United States has made an elaborate plan to make more than 25 lakh calls to people across India urging them to vote and re-elect Prime Minister Narendra Modi.
Every year, hundreds of non-resident Indians diligently gather in New Delhi to attend the Pravasi Bharatiya Divas from their different far-off adoptive nations just for three days.
If the life assured is an Indian national or a person of Indian origin temporarily residing in the country of his present residence, he can get insurance. Even green card holders and foreign nationals of Indian origin can get life insurance in India.
NRIs should work at building a portfolio that includes both open-ended Indian equity funds as well as MSIIF. \n
Non Resident Indians have invested Rs 9,650.64 crore (Rs 96.50 billion) from August 1991 to December 2005, constituting 6.30 per cent of the total Foreign Direct Investment inflow, Rajya Sabha was informed on Tuesday.
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