NRIs forced to live with low returns on dollar deposits
Major banks slash rates on foreign currency deposits, and others to follow suit
Author: Bhaskar Raj
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India government pension scheme opens to overseas citizens
Official figures reveal over 31.8 million people, including NRIs, joined the tax advantaged scheme
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NRIs demand higher deposit protection guarantee
Insurance coverage limited to INR100,000 irrespective of deposit size
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India regulator says no to NRIs buying depository receipts
Investors may be denied voting rights and share transfer
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NRIs to gain from wider scope of pravasi chitty scheme
This includes a pension scheme, Shariah-compliant fund, insurance protection and direct remittance
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Unexpected early exit waiver on infrastructure debt funds
Indian government amends tax law to allow non-resident Indians to liquidate investments
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Yields touch 9% on corporate fixed deposit schemes for NRIs
They offer safety and attractive returns at a time when interest rates are expected to head south
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Redraw investment plan in slowdown, NRI investors told
Falling market is good opportunity for long-term investors and cherry-picking
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NRIs face tax bill changes for income from India
Expats no longer required to reveal foreign firm directorships that don’t generate income from India
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India’s answer to Visa and Mastercard hits the UAE
RuPay charges one tenth of the transaction fees levied by its international competitors
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Non-resident Indians off the hook over property gift tax
Only money transfers made by residents to NRIs or foreign companies will be treated as taxable
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Looming slowdown weighs on NRI strategies
Advisers redraw investment plans to brighten the gloomy outlook