Below are the latest data on Non-Resident Indian deposits in India, according to the Reserve Bank of India.
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NRIs celebrate Telangana festival of Bonalu in West London
NRIs gathered in London to celebrate the Hindu festival of Bonalu, organised by the Telangana Association of United Kingdom (TAUK).
US lawmakers pass bill to lift country-cap on Green Cards
United States lawmakers passed a bill on Wednesday, which will lift the current seven per cent country-cap on issuing Green Cards. The move will greatly benefit thousands of highly-skilled Indian IT professionals who work in the US on H-1B visas.
Debt mutual funds gain after India budget
The Indian government’s latest budget has laid the roadmap for a deeper and wider bond market in India. The initial documentation and process of investment by Non-Resident Indians will also be much easier in the days to come, as highlighted by Finance Minister Nirmala Sitharaman in the Budget docu
Good news for H-1B visa holders as US Congress to vote on Green Card bill
The United States House of Representatives will vote Tuesday on a legislation that seeks to lift the per country-cap on issuing green cards.
No proxy voting rights for overseas Indians for now
According to reports, the Indian government has decided to hold back its plan to introduce a fresh bill in Parliament which would allow the facility of ‘proxy voting’ to overseas Indians. The bill has been withheld pending “reconciliation” of varied views on the issue.
Bond-ing with India: Investing directly or through mutual funds
Indian stock market indices (NSE Nifty and BSE Sensex) are near all-time highs and economic growth has declined significantly, and thus going forward the expectations are low for high returns in the stock market.
Special Non-Resident Rupee accounts: No interest but repatriable
In our NRI personal finance series this time we look at the rules governing Special Non-Resident Rupee Account (SNRR).
Foreign Currency Non-Resident accounts: In nine currencies, no tax and repatriable
In our NRI personal finance series this time we look at the rules governing Foreign Currency Non-Resident (Banks) accounts.
Opportunities to get yield in Indian fixed income
It is challenging not only for Non-Resident Indians and Persons of Indian Origin (PIOs) but also for most resident individuals in India to find adequate information on the Indian fixed income securities/ bond market.
