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non resident indians (NRIs) News
non resident indians (NRIs)
NRIs can invest in mutual funds, here is how; 10 points
Thu, Sep 13, 2018
Investment in MFs cannot be made in a foreign currency. So NRIs have to open an NRO or NRE account with an Indian bank. They can either make payments via a cheque issued from their NRE/NRO account or use net banking facility.
India reports slim current account deficit; misses expectations
Wed, Sep 21, 2016
Contraction in CAD was mainly on account of a lower trade deficit (US$ 23.8 billion) than in Q1 of last year (US$ 34.2 billion) and in the preceding quarter (US$ 24.8 billion).
RBI sets up committee to review commodity hedging risks
Wed, Sep 14, 2016
RBI's move was followed by the exposure of Indian equities to commodity price risks which has been highlighted by the growing integration of Indian economy with the rest of the world and rising volumes cross border trading.
Union up in arms to protest removal of IT benefits for seafarers
Fri, Aug 05, 2016
The Income Tax department has recently started issuing notices to all Indian seafarers stating that they are now entitled to pay taxes to the Indian government.
NRIs can now go online to open eNPS accounts
Fri, Jun 17, 2016
The Finance Ministry today said non resident indians (NRIs) can now open National Pension Savings (NPS) accounts online if they have Aadhaar Card or PAN card. "NRIs can now open NPS Accounts online if they have Aadhaar Card or PAN card," the Finance Ministry said in a statement.