In a major relief to Non-resident Indians (NRIs) stuck in India, the Finance Ministry today relaxed the norm for determining the residency status by discounting the period of stay in India due to lockdown.
Tag: Indian Finance Ministry
India world’s fifth largest economy in 2019, overtaking the UK and France: Report
According to an independent United States-based think tank report, India emerged as the world’s fifth largest economy, overtaking the United Kingdom and France in 2019.
Budget 2020: FM clarifies only NRIs’ India income to be taxed
NRI News: Indian Finance Minister Nirmala Sitharaman announced in her Union Budget speech that NRIs who don’t pay taxes in a foreign country will now do so in India.
Great response to NPS from overseas Indians, says Indian government
The Central government has stated that they have received a great response from people of Indian origin holding citizenship of other countries to participate in the National Pension Scheme (NPS).
Former Finance Minister Arun Jaitley passes away
Former Indian Finance Minister and Bharatiya Janata Party (BJP) leader Arun Jaitley passed away on 24 August 2019, aged 66.
ED investigates Karti Chidambaram over ‘Benami’ properties in UK
Former Indian finance minister P Chidambaram’s son Karti Chidambaram is a target of an Enforcement Directorate (ED) investigation regarding overseas Benami (fake name) properties in the United Kingdom.
Big test for Indian FM as opposition grows to debut international bond plan
The newly appointed Indian Finance Minister Nirmala Sitharaman is finding herself in a tough spot with a former Reserve Bank of India governor and a key ally of Prime Minister Narendra Modi’s government making a strong case against the idea of a debut sovereign international bond to fund a fast-gr
Union Budget 2019 cracks down on NRI tax evaders
The 2019 Union Budget proposed by Indian Finance Minister Nirmala Sitharaman on July 5, aims to tighten the noose around NRI tax evaders.
Budget 2019: Aadhaar for NRIs, easier NRI investments, increase in Indian embassies and more
NRIs got a special mention in the first budget of Modi 2.0, with Finance Minister Nirmala Sitharaman rolling out measures aimed at bringing the diaspora under the nation’s wing.
NRIs expect big reforms, less red tape in India budget
Non-Resident Indians are expecting a host of reforms from the Indian budget, set to be announced on July 5, that would ease the rules for them to conduct business in India and increase their involvement in helping boost India’s economy.