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Indian Finance Ministry

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At USD 64 bn, FDI inflow to India is fifth-highest in the world: UN report

According to a United Nations report, India received USD 64 billion in Foreign Direct Investment in 2020, the fifth largest recipient of...

Global

India Finance Minister Nirmala Sitharaman proposes Aatmanirbhar Bharat, new tax and investment rules for NRIs in Budget Speech 2021

Taxation and investment were the major areas of interest for Non-Resident Indians (NRIs) as Indian Finance Minister Nirmala Sitharaman...

Global

Indian economy set to overtake UK by 2025, become world's third largest by 2030: Report

India, despite being one of the worst affected countries due to coronavirus, will become the world's fifth-largest economy by 2025 and the...

Global

British firms invested GBP 140 mn in India in 2020 despite pandemic: Report

The latest Confederation of Business Industry (CBI) and Ernst & Young Sterling Access' report, which examines trade between the UK and...

Corporate

UK's Indian-origin finance minister Rishi Sunak highlights economic ties in India-UK summit

United Kingdom Chancellor of the Exchequer Rishi Sunak in a virtual discussion with Indian Finance Minister Nirmala Sitharaman hailed a...

UK

Google's Sundar Pichai announces USD 10 bn investment in India's digital economy sector

Google and Alphabet's Indian-origin CEO Sundar Pichai at the company’s sixth edition of Google for India event announced a ‘Google for...

USA

Lockdown period won't count towards NRIs', foreigners' residency status for tax purposes, says Indian government

In a major relief to Non-resident Indians (NRIs) stuck in India, the Finance Ministry today relaxed the norm for determining the residency...

Global

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...

Global

Budget 2020: FM clarifies only NRIs' India income to be taxed

Indian Finance Minister Nirmala Sitharaman announced in her Union Budget speech that NRIs who don't pay taxes in a foreign country will now...

Global

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...

Global

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.​

Global

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...

Global

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...

Global

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.

Global

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...

Global

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...

Global