Indian Finance Ministry

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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 Saturday 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...

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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.

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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...

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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