'Despite rising inflows, many NRIs lack awareness about NRO and NRE accounts and mistakenly use family accounts or invest in a relative's name.' 'Many are unaware of tax implications.'
Net foreign direct investment (FDI) in India, inflows minus outflows, declined 38.4 per cent year-on-year to $15.41 billion in the first 10 months of this financial year due to an increase in the repatriation of capital. According to the Reserve Bank of India's data in the March 2024 bulletin, FDI in India was $25.53 billion and outflows were $10.11 billion in April 2023-January 2024. In the same period last year, FDI inflows stood at $36.75 billion and outflows at $11.75 billion.
The Supreme Court on Tuesday gave a stern message to the CBI that none of the senior IPS officers in the team supervising the investigation in the coal block allocation scam will be allowed repatriation to their parent cadre without completing the task.
External Affairs Minister Sushma Swaraj had, in October 2017, suggested to the Pakistan high commissioner that the two sides could progress on humanitarian issues.
Khalid was on Wednesday found guilty of murdering Pattabhiraman following a trial at Reading Crown Court that lasted 28 days.
A Mumbai-based software engineer, who claimed to have inadvertently crossed over to Pakistan in 2007 via the Samjhauta Express and was jailed there for five years, was repatriated on Thursday. Bhavesh Parmar, 33, a resident of Ville Parle area in Mumbai, crossed over to India from Attari in Punjab. He was received by his mother Hansa Kanti and Member of Legislative Assembly Krishna Hegde, who helped the family take up the matter.
Kuwaiti authorities have identified the bodies of 45 Indians and three Filipino nationals killed in the tragic fire incident in a building housing foreign workers in the Gulf Kingdom, a top official said on Thursday.
Osama's Yemeni widow Amal Ahmed Abdul Fattah was with her husband in a bedroom when US special forces stormed the house. She was shot in the leg while attempting to defend her husband and is currently being detained in a hospital in Pakistan.
A N Shanbhag, the highly respected investment guru, and his son Sandeep Shanbhag, answer your questions on NRI investment
This will "stop the influx of illegal foreigners" and the state government will be 'very strict" in issuing Aadhaar cards, he said.
The two countries touched upon the situation of 42 Indian workers in Jordan's Karak who were laid off from their jobs in February.
Most deaths were due to smoke inhalation while residents were sleeping, and a significant number of occupants were evacuated, they added. The fire started in a kitchen in the six-storey building in the Mangaf area in Kuwait's southern Ahmadi Governorate, officials said, adding that the building reportedly had 195 people living in it, who are workers of the same company.
Pakistan Prime Minister Yousuf Raza Gilani has announced the release of 100 Indian fishermen, who were apprehended by Pakistani authorities for violating the country's maritime limits, as a 'goodwill gesture'.According to sources, Gilani has instructed the interior ministry to make necessary arrangements for their repatriation to India, which will take place on December 24.Jails Deputy Inspector General Mumtaz Burney confirmed the release of 100 Indian fishermen.
After weeks of tense standoff, the United States and Pakistan may be nearing an arrangement to repatriate US official Raymond Davis with the government expected to concede in court that the American qualifies for diplomatic immunity under the Vienna Convention. The government's counsel is expected to testify on Davis's diplomatic status when the Lahore high court reconvenes on Thursday.
Virk was DGP, Punjab, when the Election Commission of India took cognizance of his conduct, in view of media reports exposing some property deals and directed the state government to remove him from the post.
Dasari Gopikrishna hailed from the Yajali village of the Bapatla district in Andhra Pradesh and came to the US only eight months ago.
The Indian mrime minister supported a new global standard on automatic exchange of tax information
Maldives President Mohamed Muizzu has accepted the invitation to attend Prime Minister Narendra Modi's swearing-in ceremony in New Delhi over the weekend, according to a media report on Friday.
As many as 150 youths from the port city and its vicinity have been stuck in Cambodia for a year already, where they are being coerced to carry out cyber crime and ponzi scams by Chinese handlers, the police said.
The Pakistani jawan -- Sarfaraz Ahmed of Mujahid brigade, a paramilitary force -- was handed over to Pakistani authorities after the Army was convinced that he had accidentally strayed into Indian territory.
Concerns have been raised over Marico's exposure to Bangladesh in the wake of turmoil in that country. However, the management reiterated expectations of growing domestic business at double digits and maintaining international growth. Marico scaled up its food business by 4 times between FY20-24 and aims to double it again in the next three financial years.
Three Israeli diplomats, accused of assaulting an immigration official at the Indira Gandhi International Airport in New Delhi, have been repatriated, Israeli Embassy said on Tuesday.
He said it has already been 14 months since the former Naval officers were incarcerated in the West Asian country, and demanded to know how long it would take to repatriate them.
Move comes as stringent regulation chokes biz growth.
At least 27 Indian pilgrims, all from Maharashtra, who arrived in Nepal for a 10-day tour were killed and 16 others injured after their bus veered off the highway and fell into a fast-flowing river in central Nepal on Friday.
An article on 'State of the Economy' in the monthly Bulletin also said the improvement in the outlook for agriculture and the revival of rural spending have turned out to be the bright spots in the evolution of demand conditions. Consumer price inflation ticked up in June 2024 after three consecutive months of moderation as a broad flare-up in vegetable prices halted the overall disinflation that had been underway, it said.
Fazil Khan was killed in the fire that broke out in a six-story residential building at 2 St Nicholas Place in Harlem, Manhattan that left about 17 other people injured.
Expressing serious concern over their prolonged imprisonment, the Supreme Court on Wednesday directed the Centre to release and repatriate within four weeks 61 Pakistani nationals languishing in jails in India despite having undergone their punishment for various offences.
Nearly 80 Indian workers of an Oman-based construction company with operations in Doha have staged a demonstration in the Qatarian capital, seeking Indian embassy's help in repatriating them.
Net foreign direct investment (FDI) in India, inflows minus outflows, declined sharply in April-August this year to $2.99 billion from $18.03 billion in the same period last year on moderation in global activities and a rise in repatriation. The Reserve Bank of India's data (October 2023 bulletin) said FDI in India was $7.28 billion and FDI by India, that is money invested abroad from the country, was $4.28 billion in April-August 2023. As for 2022, FDI in India was $22.79 billion and FDI by India was $4.76 billion in April-August.
Ringing in changes at key senior positions, Coca Cola India is in the process of repatriating Indians from overseas postings, including China, Sri Lanka, Denmark and Atlanta.
Of the 14 people aboard the plane, including the pilot, eight sustained minor injuries and were treated in a local health centre.
In a condolence message sent to the families of the victims of the fire incident in Mangaf, the Emir expressed his sincere sorrow and deep sympathy to the families of the victims and wished a fast recovery to the injured.
However, the Maldives government has no intention of removing the doctors from India at Senahiya, a media report said.
The sectors that received most of the investment during this period included manufacturing, financial services, business services, computer services, electricity, and other energy sectors.
According to Jaishankar, the problem is that the Russian authorities maintain that these Indian nationals entered into contracts for services with the Russian army.
The income tax department has repatriated Sunita Kejriwal, senior Indian Revenue Service officer and wife of Team Anna member Arvind Kejriwal who was recently in the midst of a row with the government over pending service dues.
A 24-year-old Indian man who went to Canada in 2022 to pursue higher education was shot dead in his car in Vancouver city, police said on Sunday.
Showing the effect of the slowdown in global economic activity, the equity foreign direct investment (FDI) into India declined sharply to $13.9 billion in April-July 2023 from $22.04 billion a year ago. The net FDI, inflows minus outflows, declined from $17.28 billion in April-July 2022 to $5.70 billion in April-July 2023 on account of moderating gross FDI and a rise in repatriation. Gross FDI into India moderated to $22.0 billion during April-July 2023 from $29.6 billion a year ago, according to Reserve Bank of India data.
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