Karnataka Bank hikes NRE deposit rates September 30, 2013 11:43
Mangalore-based private sector lender Karnataka Bank on Tuesday said it has raised its NRI deposit interest rates by 50 basis points for three years to 10 years with maturity effective from September 2, 2013. "The revised…
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RFC Savings Account in ICICI Bank September 30, 2013 11:09
What is an RFC Savings Account? An RFC (Resident Foreign Currency) Savings Account is a savings account maintained in foreign currencies - USD and GBP - for NRIs who have returned to India and hold…
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NRIs still holding back in hope of further plunge in rupee September 30, 2013 11:34
Luring Non-Resident Indians (NRIs) with attractive investment opportunities may be a tested way of shoring up the domestic currency during the crisis, but this time it seems like the policymakers will have to wait a…
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Pros and Cons - External Account for Non Resident September 30, 2013 11:26
Persons of Indian nationality or origin residing outside of India may open, with authorised banks in India, Non-resident External Accounts (NRE Accounts), designated in rupees. These accounts can be in savings, current, or term deposit…
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When NRI needs to file income tax return in India? September 30, 2013 11:28
The obligation to file income tax return in India is dependent on the residential status of the person. So, if you fall in the NRI category as per the Income Tax rules in India and…
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Income Tax Payable by NRIs September 30, 2013 11:19
According to the Income Tax Act of 1961, an annual tax is levied on income by the Central Government of India. This is known as Income Tax. According to the rules applicable to the NRIs…
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HSBC fears significant penalty in NRI tax evasion probe September 30, 2013 11:10
Global banking major HSBC has said it may face "significant" penalties from the US authorities with regard to an ongoing probe into suspected tax evasion by the US-based clients of its Indian unit, among other…
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Indian students paying for their studies abroad September 30, 2013 11:08
Unless one has a scholarship or their own funds to pay for their studies abroad it may not be possible to go overseas for studies as the cost of study in foreign countries especially for…
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The tax implications for NRIs buying property September 30, 2013 10:52
The falling rupee and the lull in the property market in many cities are attracting Indians settled abroad to consider property investments in India. Non-resident Indians are allowed to purchase residential or commercial property in…
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Modes of acquiring Indian citizenship September 30, 2013 11:00
By Birth (section 3) A person born in India on or after 26th January 1950 but before 1st July 1987 is a citizen of India by birth irrespective of the nationality of his parents. A…
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Illegal Immigrants - Living in Fear September 30, 2013 10:51
The Center for Immigration Studies an independent, non-partisan, non-profit research organization in a publication reported that in the year 2000 there were 7 million illegal aliens living in the United States. India is not the…
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Sanford PD gets new PIO Officer September 30, 2013 10:45
The Sanford Police Department, which last year became one of the most maligned in the nation, has hired a new public information officer.Shannon Cordingly, 32, of Saginaw, Mich., a former police dispatcher who trained for…
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