However, being Indians we still feel the need to stay connected to the place of our birth and therefore, we try to make investments in India through different avenues. Let's take a look at how Non-Resident Indians (NRIs) can make investments in India.
While Geojit Financial Services and Kotak Securities are already managing large NRI portfolios in West Asian countries, Sharekhan, yet another local brokerage outfit, recently launched a broking platform called India First in Bangkok for NRI clients.
Remittance into India from foreign countries has already seen a jump of 25% in the last two months
Nav Ratan and Hind Ratan awards were given to delegates from over 52 countries at the 22nd International Congress of NRIs in New Delhi.
Newspapers and other news and current affairs publications in the country may soon be able to appoint foreigners and Non-Resident Indians (NRIs) at senior editorial and management positions.
He said the USINPAC delegation would meet Bhartiya Janata Party President Rajnath Singh and leaders of the Left party who have expressed their apprehension over the nuclear deal.
'Shooting with Pankaj was a delightful experience because he was a charming, easy and effortless singer.'
On June 4, Rahul Gandhi will hold a rally of about 5,000 NRIs in New York's Madison Square Garden, added the sources.
"Gone are the days of euphoric buying. Today, people are doing calculated buying. They are doing thorough due diligence, checking out the location," said Kunal Banerji, president, M3M India.
Reader responses to our NRI message board invite. Some symphathise with Indians in diaspora, while others express displeasure.
The 54-page document tabled in Parliament detailed how the Modi-government pull the economy from being counted among the most fragile-five in the world to being the fasted growing and the most attractive investment destination.
After inaugurating development projects worth nearly Rs 5,000 crore for boosting the agri-economy in the Union territory, Modi said he was "elated to be among the wonderful people of Srinagar".
Hopes of NRIs to cast votes in the ongoing general elections through Internet were dashed on Friday with the Supreme Court saying that any interim relief at this stage may open a pandora's box.
Among those in the Rich Report 2003 are Lakshmi Mittal, the Hindujas and Lord Swraj Paul.
NRIs will abandon rupee-denominated accounts, causing a deposit crunch and worsening the current account deficit.
Indian Bank on Tuesday launched IndRemit, an online money transfer service that allows Non-Resident Indians in the United States to make online money remittance to India.
The Reserve Bank of India has allowed investments by NRIs or Persons of Indian Origin in the capital of an entity or a proprietary concern on a non-repatriation basis, subject to certain norms.
The Centre on Monday told the Supreme Court that the Election Commission's recommendation to extend voting rights to NRIs through postal ballots has been accepted in letter and spirit.
Maoist leaders in India have decided to enroll non resident Indians and foreigners living in India as members. This is seen as a first major change in its strategy to widen their support base to intensify the armed struggle. The Communist Party of India-Maoist, a banned outfit, considered powerful and active in several states in India, in its recently released new Constitution made it clear that it is in favour of enrolling NRIs and foreigners as members.
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This means individuals like Vikram Pandit, former Citibank chief, can be a promoter only if he comes back to the country permanently.
Non-Resident Indians for a Secular and Harmonious India, along with three other organisations of NRIs, have asked the New York Times to disown the remarks made against Congress President Sonia Gandhi in a full page advertisement by the Gandhi Heritage Foundation on Saturday. In a letter sent to the editors of the paper, the organisations said that the advertisement was not only in 'extremely poor taste' but also 'misleading and offensive'.
For Indians (NRIs) in America, the beginning of 2011 will mean more tax burden. The estate duty, better known as 'death tax', has been re-introduced.
Ruling out any provision for a Non-Resident Indian nominee in Indian Parliament, Minister for Overseas Citizens Vayalar Ravi has asked the diaspora to make 'intellectual' contribution to their motherland along with financial investments.
In a landmark move, India may allow its expatriates to trade in commodities. The decision is aimed at expanding the country's $750-billion futures market.
Underlining the contribution of non-resident Indians, Union Finance Minister Nirmala Sitharaman on Tuesday said remittances sent to the country by overseas Indians were about $100 billion for the year 2022, an increase of 12 per cent in one year. Speaking at a session during the Pravasi Bharatiya Divas (PBD) convention in Madhya Pradesh's Indore city, she described NRIs as the "real ambassadors of India" and appealed to them to use made in India products and services as far as possible so that the country's individual brand can be promoted across the globe. Sitharaman also said that after the "China plus one" policy, the world is now talking about the "European Union (EU) plus one" policy.
Breaking more walls for non-resident Indians, Minister for Overseas Affairs announced that Indians abroad could take active part in the development process of the country.
"I agree that there might be some lapses, but the problem does not lie with the law itself, it lies with the way it is being implemented," she told PTI.
Even as global investors were pulling out their money from India, Non-Resident Indians (NRIs) deposited $1 billion in bank deposits (net of withdrawals) during the three month period of October-December 2008. There was a net outflow of $0.9 billion in the same period a year ago, according to the Economic Survey.
Prime Minister Manmohan Singh on Sunday told the ongoing Pravasi Bharatiya Divas at Jaipur that Non Resident Indians should be allowed to vote and participate in the election process. Some NRIs at the event tell A Ganesh Nadar what the PM's statement means to them
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