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INDIAN DIASPORA
Banks seek RBI nod on Guarantee Rule to boost NRI deposit inflowsBanks are urging the RBI to clarify regulations for the new FCNR deposit scheme, aiming to attract diaspora funds. They seek a tweak in wor...- RBI pushes banks to bring more dollars homeThe push comes amid RBI measures to incentivise foreign currency inflows, including swap facilities and hedging cost support for FCNR(B) de...
- India's forex reserves drop $711 million to $681.610 billion, RBI data showsIndia's foreign exchange reserves saw a dip of $711 million, settling at $681.610 billion by June 5. This decline was primarily driven by a...
- Banks court wealthy Indian diaspora in $50 billion deposit driveIndian banks are launching a global campaign to attract over $50 billion in deposits from the diaspora. This initiative aims to strengthen ...
- SpaceX’s IPO success may rub off on AmbaniInvestor interest in major tech offerings remains strong. Mukesh Ambani's Jio Platforms is preparing for a significant IPO in India. Howeve...
- Pandit ji salary in US: How much does Hindu priest earn in America? Techies are 'ready to quit' their jobs after hearing the numbersA viral video has highlighted the significant earnings of Hindu priests, known as pandit jis, in the United States. These religious workers...
- A World Cup of miracles, migrations and a lesson for Indian footballThe 2026 World Cup celebrates new teams and inspiring journeys. Nations like Iraq and debutants Curacao and Cape Verde showcase grit and ro...
- Thailand attracts far more tourists than India despite a higher per capita income. Shashi Tharoor explains whyShashi Tharoor advocates for significant policy reforms and infrastructure development to enhance India's tourism. He suggests greater priv...
- US Senators, business leaders greet Modi on India's longest-serving elected PM milestonePrime Minister Narendra Modi has become India's longest-serving elected leader. US Senators and business leaders have offered congratulatio...
- From tax exemption to FCNR(B) deposits: How India is trying to attract foreign capitalIndia is taking steps to attract foreign investment and boost its economy. The Reserve Bank of India and the government have introduced new...
- Indian diaspora groups welcome court ruling striking down $100,000 H-1B visa feeIndian diaspora groups in the US have lauded a federal court's decision to strike down the $100,000 H-1B visa fee, deeming it a fair move f...
- Finalising a deal for Brahmos missiles with Indonesia will top the agenda of PM Modi's Jakarta tripPrime Minister Narendra Modi is expected to focus on concluding a deal to supply BrahMos missile missiles to Indonesia during his Jakarta v...
- Banks likely to go all out to attract diaspora investmentRBI's decision to bear the hedging cost on FCNR-B deposits and exempt banks from maintaining the cash reserve ratio and statutory liquidity...
- India banks could raise $35-$40 billion via RBI's foreign currency deposit scheme, PNB CEO Ashok Chandra saysIndian banks anticipate raising up to $40 billion through foreign currency deposits. The Reserve Bank of India is backing a new scheme to a...
- Increase in limits for NRI and OCI investors to invest in stock market without SEBI registration, RBI GuvThe Reserve Bank of India has boosted investment limits for non-resident Indians, Overseas Citizens of India, and other individuals residin...
- Free flow of FCNR(B) money: RBI to bear hedging costs on NRI FX deposits, easing banks’ overseas fundingThe Reserve Bank of India is now covering all hedging costs for banks raising foreign currency deposits. This move aims to make these depos...
- RBI to bear full hedging cost on FCNR(B) depositsThe Reserve Bank of India is now covering all hedging costs for banks raising foreign currency deposits. This move aims to attract more ove...
- RBI raises investment limits for NRIs, OCIs; Extends equity route to overseas individualsThe Reserve Bank of India has increased investment limits for Non-Resident Indians and Overseas Citizens of India in stock market equity in...
- India's Shanghai envoy, Chinese official discuss plans to boost culture, tourism tiesIndia's Consul General in Shanghai, Pratik Mathur, met with a Chinese cultural official to boost cultural exchanges and tourism. This aims ...
- 'Best mangoes I've had': Inside the San Francisco party serving Alphonso and Kesar mangoes, now a viral sensation in USSF Mango Party: An Indian-origin organizer in San Francisco hosted the fourth annual SF Mango Party, distributing hundreds of Indian Alphon...
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