Tag: NRIs
14 Results
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Several NRIs, foreign firms being probed in fertiliser scam case: Govt
Replying to a question from Congress Lok Sabha member Gurjeet Singh Aujla, Minister of State for Finance Pankaj Chaudhary said that the ED is probing the money laundering scam involving IFFCO Managing Director U.S. Awasthi, based on the FIR registered by the Central Bureau of Investigation.
August 2, 2021 -
Budget extends tax on NRIs for receiving gifts from resident Indians
The Finance Bill 2019 has imposed tax on any sum of money paid or any property situated in India, transferred by a person resident in India to a person outside India, as it would be deemed to accrue or arise in India. The changes will be applied for all such transfers made on or after July 5, 2019.
July 16, 2019 -
Budget extends tax on NRIs for receiving gifts from resident Indians
This amendment will take effect from April 1, 2020, and will, apply in relation to the assessment year 2020-21 and subsequent assessment years.
July 9, 2019 -
NRIs jubilant in Nigeria, celebrate BJP win with drums and sweets
OFBJP office-bearers have planned bigger celebrations in several Nigerian cities over the weekend
May 24, 2019 -
Congress chief Rahul Gandhi to visit Bahrain, address NRIs
Rahul Gandhi will next week embark on a visit to Bahrain, his first foreign trip after becoming Congress president, during which he will address a convention of NRIs and is likely to meet the country’s prime minister. According to party sources, Gandhi will be the state guest of the Kingdom of Bahrain and will address …
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January 4, 2018 -
Diaspora factor in poll process
About 25 million Non-resident Indians will get proxy voting rights to participate in Indian elections if the Modi government’s recent decision to this effect passes muster in Parliament. Last week, Attorney General K.K. Venugopal told the Supreme Court that the bill to amend the Representation of the People Act would be introduced in the upcoming …
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November 19, 2017 -
SC asks Centre to apprise it on issue of NRI voting in polls
The Supreme Court on Friday asked the Centre to apprise it within a week as to whether it is going to amend the election law or rules for enabling non-resident Indians (NRIs) to vote in polls here. A bench comprising Chief Justice J S Khehar and Justice D Y Chandrachud considered the statement that the …
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July 14, 2017 -
Punjab CM Capt Amarinder greets people on Canada Day
Canada celebrating its 150th anniversary on 1 July 2017
July 1, 2017 -
40 consulate sub-offices for NRIs soon: Akali leader
India is going to open 40 new consulate sub-offices in countries with a strong presence of non-residential Indians (NRIs), Shiromani Akali Dal (SAD) MP Prem Singh Chandumajra said on Sunday referring to a "communication received from the External Affairs Ministry". "India is going to open 40 new consulate sub-offices in countries where NRIs have settled …
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May 14, 2017 -
Property encroachment, major problem for Haryana NRIs
Haryana's non-residential Indians (NRIs) living thousands of miles away in different time zones are facing property encroachment as one of the major troubles at their native places these days. As per the data accessed by The Statesman, more than two dozens of complaints were lodged by the NRIs within merely a month (from January 25 …
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March 22, 2017 -
RBI allows NRIs access to currency derivatives market
The Reserve Bank of India (RBI) has permitted non-residents Indians (NRIs) access to the exchange traded currency derivatives (ETCD) market to hedge currency risk arising out of their investments in India. Under current regulations, NRIs are permitted to hedge their rupee currency risk through over the counter (OTC) transactions with banks authorised to deal in …
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February 3, 2017 -
400 NRIs to support Congress campaign in Punjab
More than 400 NRIs from the United Kingdom and Canada have come out in support of the Congress in Punjab and are preparing to join the party election campaign, with a `jatha’ likely to be flagged off by AICC vice president Rahul Gandhi from New Delhi over the weekend. While around 250 NRIs under the …
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January 20, 2017 -
Indian diaspora seeks more time to exchange old notes
The Diaspora comprising Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) has sought extension of the deadline to exchange or deposit the banned notes till December 31. "The deadline should be extended by six months till December 31 as all those having the banned notes will not come to India just to exchange or …
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January 9, 2017 -
Indian diaspora made invaluable contribution to our economy: Modi
Addressing the 14th Pravasi Bharati Divas in Bengaluru, Prime Minister Narendra Modi on Sunday hailed Indians living abroad for their “invaluable contribution” to the country’s economy. “Indian diaspora has made invaluable contribution to our economy. Our countrymen living abroad are respected not only for their strength in numbers but also for the contributions they make,” …
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January 8, 2017