The Securities and Exchange Board of India (SEBI) has proposed a fully digital KYC and onboarding process for retail NRI investors, removing the requirement for physical presence in India. Livemint.com reports the…
Pankhuri, a former NRI, told Livemint that she and her husband returned to Indore after 13 years in the United States. She cited five reasons: a lack of a true sense of…
Salaried non-resident Indians working in countries like the UAE will not be affected by the budget proposal to treat those staying in India for over 120 days as residents, a tax expert…
Only 8 of India's 26 life insurers have branches in GIFT City, with most products focused on unit-linked insurance plans rather than term insurance. NRIs and foreign nationals can buy dollar-denominated policies…
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…
The Securities and Exchange Board of India (SEBI) has allowed foreign portfolio investors (FPIs) to submit a digitally signed Power of Attorney (PoA) to their custodians, eliminating the need for notarisation, apostillisation…
The Reserve Bank of India has shortened the deadline for its special FCNR(B) deposit swap facility to August 31 from September 30, citing an encouraging response that saw forex inflows of $52.3…
Non-Resident Indians can open and maintain FCNR(B) deposit accounts jointly with eligible resident relatives, but only on a 'Former or Survivor' basis, with the NRI as the first holder. State Bank of…
An NRI and US citizen who bought a Rs 79.9 lakh flat in Kandivali West, Mumbai, between 2011 and 2018 has won a tax dispute at the Income Tax Appellate Tribunal (ITAT)…
Karnataka has simplified rules for non-resident Indians and legal heirs living outside the state to transfer inherited agricultural land records into their names. The revenue department amended guidelines for Pauti Khata, the…
Ashin Xavier: interesting
IO Repro: Repro test v4 after fix 2 Oct. Safe to trash.
IO Repro: Repro test v3 after fix 2 Oct. Safe to trash.
IO Repro: Repro test after fix 2 Oct. Safe to trash.