Returning to India as a non-resident Indian requires converting accounts to NRO. As a resident under FEMA, NRO, NRE, or FCNR accounts are not permitted. Tax implications depend on residency status, and Indian income will be taxable regardless of this status.

Several countries offer post-study work visas to students after completion of their education programme.

Upon the father's passing, the nominee inherits fixed deposits. However, they must inform the bank, as assets are shared among legal heirs. TDS will apply to interest, and inherited assets aren't taxable income. Interest accrued before death is taxed in the father's name

You can unsubscribe your recurring transactions such as Netflix subscription made via debit cards by modifying the standing instructions on SiHub platform linked to your bank account

The Buckingham Murders: Kareena Kapoor Khan stars in Jaane Jaan, portraying a grieving mother turned cop in a murder mystery. The film offers valuable money lessons, emphasizing the importance of thorough investigation and understanding political influences before investing.

The governments crackdown on irregular small savings accounts is a warning to those bending the rules. With retrospective penalties and lower interest rates, account holders must act quickly or risk losing valuable interest.

Union Bank FD: The minimum deposit amount is 1,000 while the maximum is 3 crore. The rate of interest will be 7.4 percent for general citizens, 7.9 percent for senior citizen and 8.15 percent for super senior citizens

TCS employees have received income tax notices related to TDS discrepancies. TCS informed employees that the tax department would reprocess their returns to resolve the issue.

Credit Card: Most of these credit card discounts and offers are time-bound, and therefore stand to expire after a couple of months. For instance, HDFC Bank VISA Contactless card has rolled out a number of deals that are set to expire on Oct 30, 2024

Credit cards are activated via OTP confirmation. Banks can't charge fees before activation. Customers must not activate unsolicited cards. Unused cards don't affect credit scores, and deactivation differs from closure. Outstanding dues affect the card closure process.

Business Loan: The interest rate on a business loan is influenced by various factors like credit score, collateral, loan tenure, type of loan, business financials, inflation and market interest rate, etc.

Retail investors may have wisened up lately, but their zest for derivatives remains a worry. The market regulators proposals to tighten futures and options eligibility can reduce risks.

The portfolios assigned to ministers under Modi 3.0 weigh in favour of Modi 2.0 incumbents. The Centres four big ministrieshome, defence, external affairs and financewill be headed by Amit Shah, Rajnath Singh, S. Jaishankar and Nirmala Sitharaman. Investors will likely welcome this.

Hyper-local and network-free models are on their way that will deliver AI advantages to millions.

The UK's healthcare system is plagued by underinvestment and over-centralization of decision-making. It also suffers from structural changes like an ageing population, low mortality rate and high cost of treatment. The NHS seems to be in awful shape but it can be rescued.

How wisely we adopt AGI could determine our place in the world and also define the legacy we leave for future generations.

Market participants are discussing US data in the same breath as Indias variables

India needs a high-level task force to assess the state of our statistical system and lay a path for reforms. A credible statistical system can help us find agreement on basic economic facts and improve the quality of public discourse in the country.

Behavioural economics has taught us that many decisions taken are based on psychology, which can be influenced by marketers, including politicians. From Pareto optimality to Giffen goods, various economic concepts offered close political parallels.

It is naive to believe the recent election verdict did not figure in (or shape) its decision to maintain status quo on the repo and other rates.

The urban upper-class BJP fan who employs poor migrants is the partys worst ambassador.

Indias economy may be in a sweet spot, but consumption and private investment are still taking painfully long to pick up, even as RBI faces continuing uncertainty on food inflation.

Now that Narendra Modi of the BJP has taken oath as Indias PM for the third time, every move of his new government will be studied for clues of an imprint left by the Telugu Desam Party (TDP) and Janata Dal-United (JDU). Can an economic agenda get coalitional cohesion?

The Reserve Bank uses a rigorous process before taking hard regulatory calls, engaging in a two-way dialogue with regulated entities (REs). Its rulebook adherence is predictable, but penalties that surprise could act as effective deterrents.

The ECBs rate cut diverges from Fed policy but we mustn't over-interpret it. The shifts of central banks reflect the strength of underlying economies and the tenacity of inflation.

Economics is on the cusp of a profound transformation, owing to the digital revolution and the rise of artificial intelligence. The discipline cant be divorced from politics. We must renew efforts to grasp evolving dynamics in a fast-changing world.

Russian victory would be debilitating for the West, and especially for Europe

But they dont agree on the solution

Central-state financial relations may need to be redrawn, more so because BJP lacks the political mandate to push back..The absence of the Planning Commission, which acted as an intermediary between the states and the ministry, is a serious weakness Modi will have to contend with in his third term.

While the current monetary policy regime has benefited the Indian economy and markets enormously, it does have some shortcomings

Rigid minimum support prices for farm output arent working well for India. To balance food security, farmer welfare and the ecology, we need a flexible MSP system adapted for specific agricultural aims. This can prepare the ground for a transition to market processes with safeguards for farmers.

A mix of regulatory reforms, technological innovations and international collaboration can help tamp down on these platforms which prey on gullible users and pose national security threats. We must promote homegrown skill-based interactive entertainment startups to encourage responsible gaming.

This project may be revived as BJPs Modi and TDPs Naidu join hands at the Centre. India needs urban dispersal and this is a chance to create an eco-friendly city for the digital age.

High female labour force participation is an important driver for any economy but raising it requires prioritizing the physical, mental and emotional well-being of women employees. Menstrual leave should be a standard provision to achieve a more equitable and inclusive work environment.

After three years of rushing to book trips in the wake of pandemic-era restrictions, sharply higher fares, protests against tourism, travel fatigue and an inflation-induced income squeeze are all taking their toll. This summer season will signal what post-pandemic travel market looks like.

Climate action is more than just about emission reduction targets. Local communities must protect their immediate environs, but we need the guidance of scientists. India needs the equivalent of Americas NASEM, a coalition of institutions that aims to advise the country on such matters.

While reasonable growth in government capital expenditure is critical for maintaining a 7% plus real GDP growth, a reduction in fiscal deficit would have a positive impact on Indias credit ratings

We need to understand how gains from trade relations can be maximized to enhance our overall trade ecosystem. Indias main priority should be to boost domestic manufacturing by leveraging competitive advantages, move up the value chain and invest in technology and innovation.

New-age AI technologies can analyse millions of proteins quickly and help us create new ones that are aimed specifically at treating serious diseases that have defied cures so far. Being more than just video-making tools, LLMs and GenAI can help ease our medical constraints.

Stock-market investors should not miss the impressive record of coalitions in driving Indias economic growth. Nor the fact that even single-party governance can fail on major reforms. It takes political nous, not a brute majority.

The HSBC India services purchasing managers index (PMI) dipped to 60.2 last month from 60.8 in April and the reading for the manufacturing sector also showed a decline. Both are blamed on the hot weather that led companies to reduce working hours, while demand saw a cool-off. Is respite in sight?

A wait-and-watch policy in June will be ideal to monitor and evaluate the impact of the Union budget, bond index inclusion, monsoon outturn and US FOMC decision.

Women leading big-budget philanthropic missions has enlivened this field with a wave of new ideas. Expect more innovation to come.

Elevated prices that are no longer rising fast are often seen as inflation. The US shouldnt need to argue about standard economic metrics. Maybe its time to talk of the non-economic reasons for gloom in the US.

While the Right to Education Act of 2009 addressed access issues, education quality remains uneven across Indian states. Learning outcome disparities must be addressed with focused interventions and resource allocations, engaging teachers and parents in the process.

Spanning sectors like manufacturing, exports, transport, defence, finance and space research, we can expect a burst of action aimed solidifying India's position as an economic powerhouse.

While India's commitment to inclusive growth, poverty eradication and environmental sustainability remains unwavering, Modis Panchamrit vision and policy interventions lay down a clear path to sustainable development.

Prime Minister Narendra Modis BJP had aimed for 370 Lok Sabha seats but could not get past the halfway mark. As election results spell the return of coalition rule, Indias big victor is arguably the Constitution.

Indias stock market tumbled as Lok Sabha election results showed the BJP-led NDA underperforming exit-poll predictions. Its an over-reaction. The economy neednt suffer under a coalition government.

INDIA was a welcome idea, as unlike in the 2019 parliamentary elections, the opposition parties came together to take on the BJP that had seen its popularity soar and its vote percentage going up to 40%.