This decline was primarily because of reduced inflows into Foreign Currency Non-Resident (Bank) [FCNR (B)] deposits
Financial service allows Indians living abroad to manage foreign earnings and Indian income
How a seven-fold growth in nominal gross domestic product will change migration patterns
Given the lack of legal clarity in India around status, assuming they are residents immediately after return could invite penalties and prosecution
The founder of the UK-based Caparo Group of industries, Swraj Paul served as a member of the House of Lords and actively advocated for strengthening Indo-British relations
Verify insurer's claim settlement ratio, review sum insured limits, and check if medical examination can be done over video
The platform is integrated into the IDFC FIRST Bank Mobile Banking App, allowing existing NRI customers to make transfers without additional registration.
A PolicyBazaar report shows a 150 per cent YoY spike in NRI health insurance adoption, with women and young NRIs under 35 driving growth. Tier-3 cities now account for nearly half of all NRI claims
Non-residents have tax deducted at source in India, along with potential taxation in their home countries
Space, privacy, prestige selling points for buyers
A Delhi HC ruling protects an NRI from a huge tax demand, highlighting the importance of correct TDS filings in property sales and offering key lessons for NRIs.
Choosing the wrong visa for overseas travel can cost Indian entrepreneurs their NRI status and make their global income taxable, as seen in the Hot Breads founder's tax case
The move is set to give much-needed clarity to companies in the tobacco sector that have been seeking clarification regarding the issuance of bonus shares, experts said
The rural landscape of Gujarat is witnessing a remarkable transformation thanks to the state government's 'Vatan Prem Yojana', which encourages NRIs to contribute to the development of their native villages under a public-private partnership model. Launched in 2021, the scheme encourages donations from non-resident Indians of Gujarati origin to fund projects, such as the renovation of schools and other infrastructure works, in their native villages. Khadal in Kheda district has benefitted from the scheme, particularly in the education sector, said village sarpanch Phulsinh Zala. He said thanks to donations worth Rs 72 lakh from NRIs, the village now has a new school that provides quality education to nearly 400 students and inspires other villages. "Children have become enthusiastic. People from other villages come here to witness this transformation. They were curious about how it was built, so I explained that it was constructed under the Vatan Prem Yojana," Zala told ...
Kannada actress Ranya Rao was caught smuggling gold at Bengaluru Airport. Here's a look at India's customs rules on gold, cash limits, and penalties under the Customs Act of 1962
The total outstanding NRI deposits as of the end of December 2024 stood at $161.8 billion, the latest data released by RBI showed
Punjab officials will receive those deported at Amritsar airport
In 1970, there were 0.5 million Indian Americans, a number that had risen to about 1.6 million by 2000
The raids are part of an ongoing investigation into the alleged manipulation of NRI quota admissions, a practice that reportedly involves substantial financial transactions, fraudulent documentation
They are subject to Indian tax rules for such investments and may get benefits under bilateral treaties