Non Resident Indians

27 Indians abroad to receive Pravasi Bharatiya Samman Award this year

Guyana President Mohamed Irfaan Ali and renowned Canadian scientist Dr Vaikuntam Iyer Lakshmanan are among 27 recipients of the 2023 Pravasi Bharatiya Samman Award

Gold to shine amid global recession; soft landing could play spoilsport

But it will lose sheen if the world economy achieves a soft landing

No proposal under consideration to allow proxy voting for NRIs: Govt

No proposal is under consideration of the government to provide proxy voting facility to NRIs, Lok Sabha was informed on Friday. "...no such proposal is under consideration," said Law Minister Kiren Rijiju in a written reply while responding to a question on whether the government is considering to provide the facility of proxy voting to Non-Resident Indians (NRIs). In August, 2018, the previous Lok Sabha had passed a bill to allow proxy voting rights to eligible overseas Indians. But the bill could not be brought in Rajya Sabha. In 2020, the Election Commission had proposed to the Law Ministry to extend the Electronically Transmitted Postal Ballot System (ETPBS) facility, so far available only to service voters, to eligible overseas Indian voters as well. It would require changes in the election rules. But the government has so far not taken a call on the issue. The EC had told the government that it has been receiving several representations from the Indian diaspora residing abr

CBDT exempts NR taxpayers from mandatory Form 10F e-filing for now

The form 10F is signed physically by the Non resident taxpayers and furnished along with the tax residency certificate to the resident payers for the purpose of determining withholding tax implication

NRIs from UK, US investing in large housing units in India: Realtors

NRIs based in the US, the UK and Singapore are investing in larger housing units in their hometowns, having learned from the painful experience of living in space-tight units during the lockdown in India, and as the Work from Home (WFH) mode has become a requirement, according to experts. The real estate experts, who took part in a Singapore property show held from November 19 to 20, also said that the Non Resident Indians are also settling down with extended families, another lesson from the pandemic that living together with family members is much helpful in facing another COVID-19 wave type development in the future. There has been a paradigm shift in the residential market in terms of living and lifestyle, said Isha Kotwal, head of international sales at Total Environment, Bangalore, who presented a sustainable residential development concept at the show. Chetan Sharma, senior general manager for sales and market at Emami Realty Ltd, a pan-India property firm of Emami Group, sai

Indians make up largest foreign-born residents in England, Wales: Census

Nearly one in six people living in England and Wales last year were born outside the country and Indians constituted the largest chunk at 1.5 per cent of residents, according to latest statistics based on the country's 2021 census data. The UK's Office for National Statistics (ONS) found that India remained the most common country of birth outside of the UK last year at 920,000 people, followed by Poland at 743,000 people or 1.2 per cent of residents and Pakistan at 624,000 (1 per cent). One in six usual residents of England and Wales were born outside the UK, an increase of 2.5 million since 2011, from 7.5 million (13.4 per cent) to 10 million (16.8 per cent), the ONS said in a release. India remained the most common country of birth outside the UK in 2021, it said. The top three countries of birth outside the UK for England and Wales remain unchanged as India, Poland and Pakistan since the last census 10 years ago, with the numbers rising across all categories India from 694,000

NRIs can repatriate funds from sale of two houses, say experts

For property bought as resident or inherited, up to $1 mn can be sent each year

Flows into NRIs deposits moderate to $1.43 billion in Apr-Aug period

Outstanding NRI deposits declined to $134.68 billion at the end of August 2022 from $141.52 billion a year ago

Should India go for bond issue to tap NRIs, other overseas investors?

The crucial issue is what should be the interest rate to attract overseas investors, mainly Indians to take part in it

Number of NRIs across the globe rose 18% to 13.4 mn between 2015-2018

As number of NRIs increased, the number of unskilled workers and low-skilled workers emigrating from India declined

NRIs, OCIs do not need RBI's prior nod to buy immovable property in India

The clarification has been issued by Reserve Bank of India (RBI) following queries received at its various offices with regard to acquisition of immovable properties by Overseas Citizens of India

Celebrating NRI success: When 'national pride' trumps obvious questions

Should we not stop uncritically celebrating NRIs' elevation without regard to what kind of companies they are getting to run, and the nature of their products or business practices, wonders T N Ninan

Abhimanyu Mishra, the youngest new Grand Master, learnt the moves at 2

Mishra is also the youngest person to achieve the International Master title at 10 years, 9 months, 3 days

Non-resident entities seek withholding tax breather amid second Covid wave

In absence of certificates, they risk having 40% tax cut from revenues

Covid-19: Relief for NRIs, foreign visitors as tax residency rules eased

The government imposed a lockdown on March 24 and is yet to open up travel, including international flights.

Lockdown period not to be counted for determining residency of NRIs: CBDT

There were apprehensions that this extended stay could lead to these individuals becoming Indian residents as per Section 6 of the Income Tax Act

Government tightens rights issue pricing norms for non-resident Indians

Experts said the notification provides much-needed clarity on the "acquisition after renunciation of rights" by NRIs

Serving the needs of First World economies

This country's backwardness is exposed when Indians bribe, coax and cajole agents to get back-breaking jobs abroad to save a little money at home

Letter to BS: Govt should postpone Finance Bill provisions for NRIs

This will provide relief to the thousands of hard-working Indians who work abroad and remit their savings to the country every year

DPIIT notifies decision to permit NRIs to own up to 100% stake in Air India

The FDI policy earlier permitted NRIs to take only 49 per cent stake in the airline