Category: News

Single investment regime in the works for NRIs

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

RBI clears proposal to introduce Rs 200 notes

RBI is likely to start the process of printing the new Rs 200 notes after June, only after the government officially approves this new denomination, says an official   The board of the Reserve Bank of India (RBI) has cleared a proposal to introduce banknotes of Rs 200 denomination, two people aware of the development

Tough steps needed to make India more tax-compliant: Arun Jaitley

FINANCE MINISTER Arun Jaitley on Friday said that the government has taken measures to simplify direct and indirect taxes but “some tough steps (are) required” to ensure that India becomes an increasingly tax-compliant society. This will lead to higher resources with the government for spending on infrastructure projects, he said. “The last few years have seen several

Live Mint: 100 days after demonetisation, have digital payments become more popular?

100 days after the government scrapped 86% of the currency in circulation, where do digital transactions stand? Has the disruptive policy shock been able to change in people’s transaction habits? Data from the Reserve Bank of India’s electronic payment system indicators can help answer this question. RBI’s monthly database has information on volume and value

Hindustan Times: Demonetization 100 days

Hindustan times news reflects on 100 days of demonetization. Read at – Demonetisation 100 days: PM’s move economic disaster or political masterstroke? (http://www.hindustantimes.com/india-news/demonetisation-100-days-pm-modi-s-note-ban-an-economic-disaster-or-a-political-masterstroke/story-GDRqF6gkH0Nky5GCxvmYeO.html)

Demonetization Demystified

Free Seminar at India House on Managing Your Currency, Wealth and Taxes HOUSTON – Demonetization is the latest of financial dilemmas facing NRIs, who hold Indian currency, bank accounts, real estate and other assets in India. How do you get answers from impartial experts, who are not trying to sell you additional financial products? India

Demonetisation pain returns

Hindustan Times News: Demonetisation pain returns: One-fourth of ATMs across India running dry again (http://www.hindustantimes.com/india-news/demonetisation-pain-returns-one-fourth-atms-across-india-running-dry-again/story-kwOMTU7I3xEVyeIGYsHSLP.html) By : Mahua Venkatesh Hindusatn Times, New Delhi

MSN: How demonetization can change your home-buying decision

I thought you would be interested in this story I found on MSN: How demonetization can change your home-buying decision (http://a.msn.com/00/en-in/BBxr5BX?ocid=se) India’s real estate market has seen a lot of churning of black money in the past. Even economists have been guarded in their opinions while trying to gauge the impact of demonetization on stemming black

India Herald: NRI TAX & WEALTH SERIES

Understanding The Twin Financial Revolution In India 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