Non-resident Indian Day

A 69-year-old Non-Resident Indian, who went missing from Mumbai international airport, has been traced to a suburb and reunited with his daughter after 12 days with the help of two alert citizens, police said on Monday.

Non-resident Indians (NRIs) who don't pay taxes in a foreign country will now be taxed in India, the Union Budget has proposed. It has also said that a person, to be categorised as a NRI, will now have to stay abroad for 240 days as opposed to the earlier stipulated period of 182 days.

Finance Minister Nirmala Sitharaman said in the Union Budget that non-resident Indians (NRIs) may get Aadhaar cards on arrival, without the mandatory waiting period.

Against the backdrop of cases of Indian women being trapped in fraudulent marriages with non-resident Indians (NRI), a bill was introduced in Rajya Sabha on Monday to make it compulsory to register such marriages within 30 days.

Markets fell for the second straight day as fresh concerns emerged over an April circularfrom regulator Sebi (Securities and Exchange Board of India) that said foreign investment rules for companies of Indian origin had been tightened.

Days before it becomes an offence to hold banned Rs 500 and Rs 1,000 currency notes, the finance ministry has told parliament that some of the people queuing up at the Reserve Bank are "ineligible" to deposit old notes. The facility is open only for Non-Resident Indians and those who were travelling abroad during November-December last year, the go...

Prime Minister Narendra Modi on Sunday urged the Indian diaspora to first develop India by investing and contributing its expertise in the land of its origin.

If an Indian citizen leaves the country for a job abroad or as a crew on an Indian ship and spends less than 182 days in India in a year, he or she is considered non-resident for tax purposes.

In a bid to woo non-resident Indians (NRIs) from Uttar Pradesh to invest in the state, the state government launched a website for them late Sunday, officials said.

The Arvind Kejriwal-led Aam Aadmi Party (AAP) government in Delhi may barely be 10 days old, but its volunteers are already working overtime to go national. The party, in particular, is banking on Non-Resident Indians or NRIs to raise funds and help canvass votes for the party for the national elections, due by May.

Shares in companies owned by foreign promoters also rallied for a second day after the central bank said on Friday it would allow non-residents to buy stocks of listed domestic firms through the foreign direct investment route.

Exchange houses in Oman were offered Rs 160 for an Omani riyal on Friday. The rate continued for three days as foreign exchange market is closed on Saturday and Sunday.

A 69-year-old Non-Resident Indian, who went missing from Mumbai international airport, has been traced to a suburb and reunited with his daughter after 12 days with the help of two alert citizens, police said on Monday.

Non-resident Indians (NRIs) who don't pay taxes in a foreign country will now be taxed in India, the Union Budget has proposed. It has also said that a person, to be categorised as a NRI, will now have to stay abroad for 240 days as opposed to the earlier stipulated period of 182 days.

Finance Minister Nirmala Sitharaman said in the Union Budget that non-resident Indians (NRIs) may get Aadhaar cards on arrival, without the mandatory waiting period.

Against the backdrop of cases of Indian women being trapped in fraudulent marriages with non-resident Indians (NRI), a bill was introduced in Rajya Sabha on Monday to make it compulsory to register such marriages within 30 days.

Markets fell for the second straight day as fresh concerns emerged over an April circularfrom regulator Sebi (Securities and Exchange Board of India) that said foreign investment rules for companies of Indian origin had been tightened.

Days before it becomes an offence to hold banned Rs 500 and Rs 1,000 currency notes, the finance ministry has told parliament that some of the people queuing up at the Reserve Bank are "ineligible" to deposit old notes. The facility is open only for Non-Resident Indians and those who were travelling abroad during November-December last year, the go...

Prime Minister Narendra Modi on Sunday urged the Indian diaspora to first develop India by investing and contributing its expertise in the land of its origin.

If an Indian citizen leaves the country for a job abroad or as a crew on an Indian ship and spends less than 182 days in India in a year, he or she is considered non-resident for tax purposes.

In a bid to woo non-resident Indians (NRIs) from Uttar Pradesh to invest in the state, the state government launched a website for them late Sunday, officials said.

The Arvind Kejriwal-led Aam Aadmi Party (AAP) government in Delhi may barely be 10 days old, but its volunteers are already working overtime to go national. The party, in particular, is banking on Non-Resident Indians or NRIs to raise funds and help canvass votes for the party for the national elections, due by May.

Shares in companies owned by foreign promoters also rallied for a second day after the central bank said on Friday it would allow non-residents to buy stocks of listed domestic firms through the foreign direct investment route.

Exchange houses in Oman were offered Rs 160 for an Omani riyal on Friday. The rate continued for three days as foreign exchange market is closed on Saturday and Sunday.