Category: News
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Yes Bank receives RBI approval to open overseas offices
YES BANK’s services to be now available to NRI population and Indian entities in London, Singapore and Abu Dhabi. YES BANK, India’s fourth largest private sector bank has received Reserve Bank of India’s (RBI) approval to open two representative offices in London and Singapore. This is in continuation with YES BANK’s international foray to expand…
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9 Signs That Show Your Nutrition Plan Is Working
A good nutrition plan is one of the best ways to successfully reach your weight goals. But, how do you know if the diet is working for you? Since weight gain/loss happens only over a period of time, checking your weight regularly might not tell you much. Instead, look at other factors that indicate your…
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NRI investment options in India
NRI investment in India has been a very hot topic for the past decade given the increase in FDI inflows into India. More NRIs are beginning to look at parking their funds in India in different asset classes. In case they are looking to invest a larger sum, they tend to look at real estate.…
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NRIs reshaping the Indian Luxury Real Estate Market
There is an interesting trend that has been noticed in Indian real estate market. In a market riddled by lack of demand from buyers, developers are seen launching luxury residential projects. Resultantly, there has been an unexpected emergence of interest in the luxury residential segment which has come from non-resident Indian clienteles and buyers with…
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NRIs have to pay TDS of 20% on LTCG made from property sale
I am a co-owner of a house with my brother. At the time of owning the house, I was a resident of India. Now I am an NRI. If we sell the house now, will the proceeds be taxed differently for him and me? Can I transfer the money abroad? —Santosh Bisht Capital gains from…
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Dubai hosts first NRI summit on women
Organised by Arushi Nishank, acclaimed Kathak dancer and entrepreneur, the programme kicked off with a yoga session for women. The Indian diaspora in foreign countries should step-up and do more to help the female population of India, said Canada’s first Sikh female politician Ruby Dhalla. The prevalence of female infanticide, sex-selective abortion, honour killings, rape,…
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Are you an NRI wanting to invest in Indian mutual funds? Here is how to go about it
As mutual fund houses are not allowed to accept investments in foreign currencies, they have to first open an NRE/NRO account with a bank in India to route their investments. Investment process An NRI investor should be KYC Compliant before making investments in mutual funds. Manish Kothari – Director & Head of Mutual Funds, Paisabazaar.com…