Non-resident Indians can inherit agricultural land in India but are restricted to selling it only to an Indian resident, according to rules under the Foreign Exchange Management Act. While NRIs are prohibited…
Net foreign direct investment (FDI) in India fell to about $7 billion in FY26, one of the lowest levels in recent years. The Reserve Bank of India has released draft Foreign Exchange…
Non-resident Indians sending money to parents in India risk income tax scrutiny if transfers lack proper documentation. A US-based NRI faced a six-year battle after an Rs 11 lakh transfer to his…
Businesstoday.in reports that an NRI who retains Indian citizenship can keep a Public Provident Fund account until maturity, earning the prevailing interest but without repatriation rights. However, the moment a person acquires…
Swiggy shares rose nearly 5% on Tuesday after brokerage Jefferies initiated a Buy rating with a target price of Rs 435, a 60% upside from the stock's last close, and more than…
Crypto gifting is legal in India, according to CoinDCX finance head Pranav Pagaria. Virtual digital assets are recognised under the tax framework. Gifts from specified relatives, such as spouses, parents, children, and…
Tiger Logistics (India) shares rose over 4% in intraday trade on the BSE on Tuesday, 18 August, after the company received a compounding order from the RBI Foreign Exchange Department regarding a…
More than 2,000 residents of Times Beach, Missouri, were permanently relocated after streets treated with waste oil were found to contain highly toxic dioxin. The oil haulier Russell Bliss had mixed chemical-plant…
Kerala Chief Minister V.D. Satheesan confirmed that the Finance department is investigating suspected GST evasion of ₹156 crore on foreign remittances made by a television news company to the Argentine Football Association…
Indian students in the US cannot rely on their visa alone when investing in stocks, according to tax experts. Status under FEMA, Indian income tax law, and US tax rules are four…
