MUMBAI: India may soon have one investment avenue for non-resident Indians (NRIs). A Securities and Exchange Board of India panel is set to suggest that the NRI and portfolio investment scheme (PIS) routes be merged with that of foreign portfolio investors (FPIs). The move is aimed at having a uniform regime for all foreign portfolio
MUMBAI: A fluctuating rupee, and introduction of various regulations to bring in transparency and accountability, are making real estate more lucrative for non-resident Indians (NRIs), experts say. Rupee is hovering near 73 against the US dollar since the past one week. “The drop in rupee can be seen as an investment opportunity for individual buyers
ET Intelligence Group: The compensation of India Inc’s top 100 senior executives other than promoters holding executive positions has seen a sharp increase, thanks to better than average increase in salaries and higher payouts of commission or bonus. The average compensation of the sample increased by 12.1% to Rs 9.8 crore in FY17. Further, the
Armed with an undergraduate degree in engineering, an MBA from IIM-Calcutta and the unstinted support of her tiger mom, Malini Parmar spent her 20s and early 30s climbing the “greasy corporate ladder”, as she calls it. Eighteen-hour workdays and travel four days a week were all par for the course at the IT major she
March 1, 2018 rajtechnews Finance Minister Arun Jaitley in Budget 2018 left the basic income tax rates and slabs unchanged. However, he announced a number of changes that will impact how much tax you pay for FY 2018-19 (assessment year 2019-20). For financial year 2018-19, taxpayers have to fork out a higher cess of 4 per cent,
January 12, 2018 rajtechnews Income Tax Exemption: Arun Jaitley Can Make These Five Announcements in Budget Speech New Delhi, Jan 10: Finance Minister Arun Jaitley will deliver Budget 2018-19 speech in Parliament on February. It will be the last full budget before 2019 general elections. According to reports, he might give tax benefits to the masses. Here are
New Delhi: Amending rules on small savings schemes like National Savings Certificates (NSC) and Public Provident Fund (PPF), the government has notified that such accounts would be closed prior to maturity in case of holders changing their personal status to become non-resident Indians (NRIs). The amended rules were notified in the official gazette earlier this
For tax purposes, I was an non-resident India (NRI) for 6 years (FY 2009-10 to FY 2014-15). Then, I spent most of the last 2 financial years in India. As a result, for tax purposes, I attained not ordinarily resident (NOR) status for two financial years (FY 2015-16 and FY 2016-17) so there was no tax
What rate of return do you get from your bank account? This question triggered a lot of discussion at a recent event. The answer seems to vary a hundredfold. At the low end, people said they were getting 0 .01%. At the high end, some people claimed they were getting nearly 1.00% So for $100,000,
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India and China have been rivals for over a 1,000 years. In the old days, their rivalry overflowed into the rest of Asia, which was named appropriately as Indochina. Both countries were technology and cultural leaders in the past. They exported both ideas and products to the world. Just prior to Western dominance,
Demystified: Aadhaar Card for NRIs Despite the very best intentions, sometimes a rule may be implemented that is contradictory or confusing. I believe that the question regarding Aadhaar cards falls in this space. The purpose of the Aadhaar card is to provide residents of India a Unique Identification Card in order to ensure that
Many questions have been asked about the problem with annuities. They seem to be a almost sure way of getting a 5% return, which seems wonderful in today’s low-interest environment. Actually, I was sold annuities so well that I had bought annuities with many major insurance companies. This includes Pacific Life, Voya, Jackson National
Many people of Indian origin have dreamed about spending more time in India after they retire. Under the changes taking place in the U.S. and Indian tax laws, this dream may result in much higher taxes (sometimes more than double).
To understand all the changes that have taken place recently, as well as the severe civil and criminal penalties for non compliance, we are providing a quick snapshot in this article.
We all know that knowing your blood pressure, cholesterol and A1-C numbers are vital to your health and well being. You could live a long life without knowing these numbers, but that is only because you are lucky and not because you are wise. In today’s complex world, it is very important to understand FBAR and FATCA. These are vital for your financial health and well being.
MTS Golden Group members in Pearland TX listen with interest to Ranvir “Biki” Mohindra’s (right) presentation on retiring in India. Wed, Nov 16, 2016 PEARLAND – Many seniors have thought about spending their retirement years in India. How practical is it in view of the changing tax policies of both the United States and India?
RANVIR MOHINDRA There are many people who are giving strong opinions about the success or failure of the recent Demonetization in India. The Government will have you believe one way and the Opposition parties in the opposite way. To answer this complex issue question in a more practical and less political way, I think it
RANVIR MOHINDRA There is a twin financial revolution taking place in India. The first is Demonetization and the second is the General Sales Tax (GST). No country can operate without being able to raise adequate taxes. The fall of innumerable nations is directly related to their inability to raise adequate taxes. The reasons may have