NRIs / The Economic Times
ICICI Bank has launched UPI for NRIs in ten countries, enabling global mobile number use without switching to Indian numbers. iMobile Pay facilitates utility, merchant transactions, and QR code payments, enhancing convenience and promoting UPI adoption across borders.
America's interests in Asia are protected and strengthened with a strong India which has become a responsible player in the region as a counter-check to China's growing influence, an eminent Indian-American community leader has said.
Mutual fund KYC rules for NRI: The Securities and Exchange Board of India (Sebi) has implemented new Know-Your-Customer (KYC) rules from April 1, 2024. The new KYC rules are not only created problems for domestic mutual fund investors but also for Non-resident individuals as well. Here are three issues creating problems from NRI and OCI mutual fund investors.
NRIs are increasingly drawn to India's mutual funds via digital platforms, driven by diverse options and high returns. The investment landscape sees growth with enhanced transparency and financial inclusion, expanding India's investment ecosystem.
Indian insurance policies offer NRIs flexible options like insurance-cum-investment plans, including child plans, to secure their family's future. These plans provide essential financial security and peace of mind, especially for NRIs managing finances from afar.
NRIs show support for BJP and PM Modi in a car rally from Ahmedabad to Surat during Lok Sabha polls. Overseas Indians from various countries demonstrate solidarity with Modi's leadership across the world.
Expatriates from the UAE, including Anwar Naha, returned to Kerala to vote, with chartered flights organized by KMCC. NRIs from various countries made efforts to vote in the Lok Sabha elections, some traveling to coastal states like Kerala and Karnataka, while others returned to Meerut in the north. Expatriates' participation, especially via chartered flights, drew attention in Kerala, while NRIs in Mangaluru and Bengaluru also prioritized voting. Harsha DM and Spoorthi CS flew from Sydney to ca
According to developers and brokerage firms, the US, Singapore, the UAE, Australia and Saudi Arabia have emerged as big markets for them and they have dedicated teams to help buyers in selecting the projects. According to market sources, the country's biggest developer DLF in its last project Privana South in Gurugram, had achieved 25% share (about Rs 1,800 crore) in NRI sales. Overall, during fiscal year 2023-2024, sales from NRI investors surpassed Rs 3,400 crore for DLF, which is almost 20% o
This story is playing out across the most sought-after destinations, such as the US, Canada, UK, Europe and Australia, among others. If you are dreaming of a cosy life abroad for your ward or looking to shift overseas yourself, exercise caution. The grass may no longer be greener on the other side.
Ex-IDF Spokesperson Jonathan Conricus confirms Israel's 'limited' drone attack in Iran's Isfahan
BJP's 'NRI4NAMO' project engages NRIs for Lok Sabha polls with hotline. Chauthaiwale invites 25+ foreign parties. Online campaigns and 2-week stay plea for over 1000 registrations, making a historic move in Indian electoral politics.
The Sunrisers Hyderabad on Monday broke their own record of posting the highest total in the history of the Indian Premiere League in this very season, making history yet again.
NRIs earning income from multiple countries face potential double taxation issues. To address this, countries establish Double Taxation Avoidance Agreements (DTAAs), requiring taxpayers to prove their residency with a Tax Residency Certificate (TRC). TRCs offer benefits like avoiding double taxation and simplifying compliance.
The new tax order, expected to take effect in April 2025, would increase their tax burden, require meticulous planning, and may even make the UK a less attractive country to migrate.
Pacer Kagiso Rabada, mentored by Dale Steyn, shares school cricket memories with IPL teammates Markram and Klaasen. Markram praises Rabada's competitiveness, Klaasen highlights his humor. Rabada led the 2014 U19 World Cup win.
After the IPL 2024 match between Chennai Super Kings (CSK) and Sunrisers Hyderabad (SRH), SRH players praised former CSK skipper MS Dhoni, calling him a legend. IPL shared a video of Hyderabad players admiring Dhoni's aura. Meanwhile, SRH secured a six-wicket victory over CSK at Rajiv Gandhi International Stadium. CSK, batting first, scored 165/5 with notable contributions from Shivam Dube, Ravindra Jadeja, and Ajinkya Rahane.
NRI 3-in-1 Account simplifies Indian stock market investments for NRIs through integrated banking, demat, and trading accounts. It provides convenience, diverse investment options, and seamless fund movement, enhancing trading efficiency and flexibility.
The pandemic led to work flexibility, impacting NRIs with significant tax implications. The article discusses tax laws, DTAA, Act exemptions, TRC requirements, foreign assets reporting, and employer tax implications for NRIs opting for remote work.
Investing in government securities via RBI's retail direct platform benefits NRIs and OCIs, offering no fees and multiple investment options. Opening an account requires specific documents and a video KYC process for activation.
The 277/3 by SRH is the highest-ever total in IPL history, outdoing the Royal Challengers Bangalore (RCB) total of 263/5 in their 20 overs against Pune Warriors India back in 2013. In that match, Chris Gayle made 175* in 66 balls, with 13 fours and 17 sixes.
NRIs navigate challenges by diversifying investments in India, focusing on equities, alternative funds, and real estate. Strategic allocation based on risk profile and financial goals ensures long-term growth and stability.
Aadhaar card is crucial for NRIs in India, aiding in financial transactions, identity proof, property management, tax benefits, healthcare, emergencies, and future planning with specific eligibility criteria and online tracking.
NRIs navigating PPF accounts encounter restrictions and guidelines, from tax benefits to closure procedures. Understanding these rules is crucial for managing accounts effectively while maximizing investment returns and complying with regulatory requirements.
NRI savings account: There are two types of NRI Savings Accounts: Non-Resident External (NRE) Savings Account, Non-Resident Ordinary (NRO) Savings Account.
Axis Bank launched digital US dollar fixed deposits for NRI customers at IBU, GIFT City, offering a paperless solution, flexible tenures, attractive interest rates, and digital control over investments, including the option for partial closure.
India now boasts the largest overseas diaspora globally, with around 32 million Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs), mainly concentrated in Gulf countries, Singapore, the US, Canada, and the UK. Despite efforts to streamline taxation processes for NRIs, challenges persist, notably double taxation and difficulty accessing taxation documents from abroad.
Exciting news for fans of the cherished Disney series Wizards of Waverly Place! Disney Studios has given the official green light for a sequel, bringing back the magical adventures of Selena Gomez and David Henrie.
The central government is encouraging all Non-Resident Indian (NRI) voters to participate in the upcoming Lok Sabha elections, which will be conducted in seven phases starting from April 19, with results announced on June 4. NRIs can cast their votes by filling out Form 6A online and providing necessary proofs on the official Election Commission website.
Income tax appeal: A Non-Resident Indian (NRI) has won a appeal in the Mumbai bench of Income Tax Appellate Tribunal (ITAT). What happened was the NRI surrendered a pension policy purchased from ICICI Prudential Life Insurance Company and got Rs 1.48 crore. Income tax assessing officer however imposed tax on this income of Rs 1.48 crore.
Rahul Gandhi clarifies 'shakti' remark, accusing Modi of twisting his words. Gandhi fights against 'unrighteousness, corruption, falsehood' power, claiming Modi represents it. Modi worships mothers, opposes 'shakti' destruction.
In recent years, there's been a notable trend of Non-Resident Indians (NRIs) choosing India as their retirement spot, often called 'homecoming.' This article explores why India is becoming a favored destination for NRI retirees.
Kotak Securities: A retired non-resident Indian (NRI) in Kochi, Kerala won a consumer case against Kotak Securities, a subsidiary of Kotak Mahindra Bank after a 13 year long fight. It was being alleged that Kotak Securities' representatives traded in future and options (F&O) without authorisation of the NRI individual.
In a case of cheating and criminal breach of trust, an ICICI bank manager has been remanded in four days of police custody by Delhi's Tis Hazari Court. The accused is alleged to have duped an NRI woman of Rs 13.5 crores through fake fixed deposits. The court granted custody to the police to uncover the entire conspiracy and collect evidence from the bank. The accused was arrested on February 29, 2024, and is scheduled to appear in court on March 5, 2024. An FIR has been filed against him and oth