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FEMA LAW ON US STOCK INVESTING
Hold US stocks under LRS? Here’s why you may not be able to gift them to NRI childrenIndian residents cannot gift US shares purchased through the LRS route to their NRI children. The liberalised remittance scheme requires sa...
US agency says power for data centers can sidestep pollution lawsThe U.S. Environmental Protection Agency (EPA) has said power plants built exclusively to supply electricity to data centers, and not conne...
Parliament Watch: ESIC disburses Rs 5.26 crore under ABVK, 79 FEMA applications disposed of since FY22Parliament updates: Govt launched a 3-month drive to clear 16,033 labour disputes, ESIC disbursed ₹5.26 crore under ABVKY, approved polymer...
Why did market rise today? Sensex jumps 780 points, Nifty ends near 24,000. 6 key factors behind bulls’ return to D-StreetIndian stocks surged on Monday, ending a five-day decline. Easing Iran-US tensions and falling oil prices boosted investor sentiment signif...
US Stock Market: US investment-grade bond funds see record weekly outflows as inflation fears rattle marketsInvestors withdrew a record $7.1 billion from U.S. investment-grade bond funds. Surging oil prices and rising Treasury yields triggered thi...
Sebi proposes Rs 25 lakh mutual fund-only PMS: What it means for investorsIndia's securities regulator is proposing major changes to portfolio management services. A new category will lower the minimum investment ...
Tax filers scramble to fix foreign asset disclosures: I-T portal data & SMS alerts prompt review of overseas holdings before July 31Taxpayers are receiving alerts about undeclared foreign assets before the July 31 deadline. The tax department has uploaded foreign asset d...
ETtech Explainer: Ecommerce export FDI policy opens opportunities, but raises compliance questionsIndia's FDI rules prohibit ecommerce companies from holding inventory, requiring them to operate on a marketplace model to prevent large in...
US appeals court blocks part of Texas children's online safety lawIn a 2-1 decision, the 5th US Circuit Court of Appeals in New Orleans said a federal law that broadly shields the industry from liability...
Are gifts given to NRIs by relatives taxable? Here's what you need to know about income tax and FEMA rulesNRIs receiving gifts from resident Indians face varying tax implications. Gifts from specified relatives are fully exempt from Indian incom...
India vs US: Where should US-based NRIs invest their money?US-based NRIs should align investments with future financial needs and currency. Future expenses should guide asset allocation decisions fo...
Flipkart’s food delivery foray; Swiggy CEO on qcomm competitionFlipkart will launch its food delivery pilot next month, CEO Kalyan Krishnamurthy said. This and more in today’s ETtech Top 5.
Who is funding America's widening debt with the rest of the world?Foreign capital is flowing into Wall Street due to the AI revolution. This influx is increasing scrutiny on America's persistent external d...
HDFC Bank shares fall as 3 US law firms launch probe over alleged federal law violationsThree United States law firms are investigating HDFC Bank for alleged securities law violations. These firms are examining if the bank disg...
House panel bats for interim crypto self-regulation under RBI/SEBI oversight, stresses investor protection normsA parliamentary committee has proposed the establishment of a self-regulatory organization for cryptocurrencies, functioning under the supe...
Sebi plans a wider investment play for portfolio managersThe regulator said the review has been done due the rapid expansion of the PMS industry, where AUM (assets under management) has multiplied...
TikTok US chief security officer to testify before US House on September 15This is the first time a TikTok US executive will testify publicly in the US House since the company's Chinese owner, ByteDance, finalized ...
RBI asks banks to clear old trade and payment mismatchesThe RBI has asked banks to resolve long-pending mismatches between trade and payment records worth thousands of crores. Banks must verify d...
ED opens PMLA probe into foreign funds to NaxalsThe Enforcement Directorate has registered a money laundering case concerning foreign funds. Nearly ninety-five crore rupees in illegal for...
Foreign or local? Investors at loss over GIFT fundsInvestors are grappling with confusion when it comes to reporting GIFT City fund investments in their tax returns. Fund houses provide vary...