A large number of NRIs having origins in these states are understood to have been defrauded by many such companies, including the Saradha group.
State Bank of India on Monday said it aims to retain at least 25-30 per cent of the Rs 25,000 crore (Rs 250 billion) Resurgent India Bonds proceeds by launching an "instrument" having both fixed and floating rates in September.
The Bihar government set up the Bihar Roots Foundation to help connect people of Bihar origin in different parts of the world to the land of their ancestors and preserve their ancestral language, Bhojpuri. But it needs to do more to preserve the language and its heritage in Bihar
In his inaugural speech, Overseas Indian Affairs Minister Vayalar Ravi invited the 25-million strong diaspora to be part of the 'India growth story' and take the country forward in diverse sectors.
The finance ministry on Saturday asserted that Indian customer deposits in Swiss banks have fallen since 2019, but said it is seeking details from Swiss authorities on the relevant facts along with their view on possible reasons for changes in the funds parked by individuals and entities in 2020. In a statement, the ministry said the deposits have halved but did not give numbers. Quoting data from Switzerland's central bank, PTI had reported on June 17 that funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, jumped to a 13-year high of 2.55 billion Swiss francs (over Rs 20,700 crore) in 2020 on a sharp surge in holdings via securities and similar instruments, though customer deposits fell.
Mohanbir Sawhney, Raghuram G Rajan, Raju G C Thomas and Darsh Wasan will receive the award for academic leadership.
Pavani Latha, Ramana and their daughter were on a pilgrimage to Shirdi.
Indian embassies in the Gulf region have advised Non-Resident Indians staying in the region not to carry large amount of Indian currency when travelling to India.
Five persons of Indian-origin have been honoured by Indian Overseas Congress, UK, for outstanding work in their respective fields, in a ceremony organised to mark 60 years of Indian independence in London.
'Phoren'-return can sometimes lead to funny situations, like we see in some television commercials featuring guys with fake accents looking for Bharatiya Naaris to marry.
The government said remittances from abroad will not attract service tax, putting to rest the concerns raised in view of new tax norms.
Indian expatriates in UAE have raised a fund of over Rs 62 lakh to help fellow countrymen languishing in prisons because of their inability to pay blood money.
US-based NRI entrepreneurs Venkatesh Tadinanda and Pradeep Shenoy and Hyderabad-based entrepreneur Indira Porwal have launched an AP Investment Fund worth $7 million.
National carrier Indian has been voted the most preferred airline of Indian expatriates living in the UAE, according to an opinion poll.
Non-Resident Indians are not eligible for grant of overseas citizens of India registration as they are Indian Citizens, Minister of State for Home Sriprakash Jaiswal informed the Rajya Sabha on Wednesday.
Two Indian-origin men are among six people jailed over a multi-million-pound cyber racket that involved the design, production and sale of fake identities and the management of online forums where clients were coached on how to commit fraud. The six sentenced on Friday at the Southwark Crown Court for a catalogue of fraud offences include Jaipal Singh, 31, who is a director of a telecom company based in the West Midlands, and student Arun Thear, 22.
Under the existing provisions, non-residents' income from interests, royalties or fees for technical services is taxable in India; but, there must be sufficient territorial nexus between such income and the territory of India.
Others in the top 10 include Uday Kotak at the 6th place with a wealth of Rs 94,100 crore, Cyrus S Poonawalla at 7th position with Rs 88,800 crore assets, Cyrus Pallonji Mistry at 8th spot with a wealth of Rs 76,800 crore, Shapoor Pallonji at 9th position with a net worth of Rs 76,800 crore and Dilip Shanghvi at 10th slot with Rs 71,500-crore wealth.
Hinduja Group Chairman S P Hinduja on Saturday hailed the Modi government's Budget as "socially inclusive" that lays a clear roadmap for placing India on double digit growth trajectory in the medium term.
Despite the presence of renowned economists and entrepreneurs, it was Kiran Bedi, a retired police officer-turned activist, who stole the show at the Eighth Annual Indian Business Conference at the Columbia University last week. Suman Mozumder reports
As many as 12 Indians, and four of Indian origin (three Indian Americans and one Indian Canadian), feature among the 197 Young Global Leaders named by the World Economic Forum on Wednesday.
The new Direct Tax Code is expected to result in a higher tax-to-GDP ratio, reduce compliance costs, lower the administrative burden, discourage corruption and most importantly, improve equity both horizontal and vertical.
On the second day of the 10th Pravasi Bharatiya Divas held in Jaipur, a seminar was held on 'Enhancing rural energy access'.
Supporters of the proposal voiced their grievances at the gathering on how their properties were allegedly taken over by government, mafia and illegal occupants.
The Reserve Bank of India on Thursday allowed Non-Resident Indians to hedge currency risk for external commercial borrowings (ECBs) denominated in rupees with Indian banks.
'Things started to get a bit more real when my classes were moved online -- for the first time in my school experience -- for two weeks.' 'Then four weeks. Then two months.'
Seven people of Indian origin have been remanded to judicial custody in the UK in connection with the killing of prominent kabaddi player Suvinder Singh Batth outside a pub he owned in Bilston in the West Midlands.
A majority of global Indians believe that ongoing economic growth in the country will help it overtake China as the next Asian superpower in the next 10 years.
'We are keeping in mind that knowledge is more important than money.'
Efforts will also be directed at creating a conducive environment for NRIs intending to reconnect to their heritage, Fernandes added.
Customers can electronically transfer money instantly to more than 1,000 branches of banks across India.
Bush will send an administrative official to celebrate the Diwali function with the Indian community.
Expatriate Indians living in the United States want the White House to celebrate Diwali, continuing the trend of last two years.
The San Francisco Bay Area unit of India Against Corruption on Monday slammed the arrest of activist Anna Hazare. Nearly 150 members of the Indian American community gathered at the Civic Centre Plaza in Los Angeles to show their support to Anna Hazare on the eve of Independence Day.They expressed their support for Hazare and the millions of Indians who are demanding the Jan Lokpal Bill to end corruption in India.
The run in equities, coupled with high interest rates, makes both the debt and stock markets attractive.
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