RBI policy press conference: Here's everything that came up for discussionThe Reserve Bank of India unveiled new measures to attract deposits and bolster the economy. Governor Sanjay Malhotra discussed strategies ...
RBI MPC June meet 2026: What's cheaper and what's costlierThe Reserve Bank of India has maintained the repo rate at 5.25%. This decision comes as policymakers assess the effects of higher energy pr...
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...
Is tax-exempt income in India also exempt in the US for NRI?ET Wealth Reader's Query: If an income is tax-exempt in India, is it also exempt in the US for an NRI? For instance, interest on NRE accoun...
FCNR FD interest rates: SBI vs PNB vs HDFC Bank vs ICICI Bank - which gives you best rates; eligibility and taxation on interest explainedFCNR interest remains exempt from tax as long as the depositor qualifies as an NRI or resident but RNOR under Section 10(15)(iv)(fa) of the...
Are OCI cardholders eligible to have an Aadhaar card in India? Who can apply, required documents & validity Rules
I am an OCI cardholder, will I need to pay tax on inherited assets in India?I am a German citizen, and have an OCI card. How will inheritance of assets located in India be taxed for me? Is the inheritance itself tax...
KYC rules for NPS onboarding changed for NRIs, OCIs: Physical presence in India not required for KYC, pension body saysThe Pension Fund Regulatory and Development Authority has eased National Pension System onboarding for Non-Resident Indians and Overseas Ci...
Sebi permits up to 100% aggregate NRI corpus contribution for FPIs based out of GIFT IFSCSebi allows up to 100% NRI, OCI, and RI contribution in FPIs at IFSC to boost Indian investment. Declarations and PAN card submissions are ...
Sebi allows full NRI, OCI participation in IFSC-based FPIs to boost Indian investmentsSebi approves new rules to boost FPI investments from IFSCs by allowing aggregate contributions from NRIs, OCIs, and RIs up to 100%. The mo...
Sebi eyes boosting NRI, OCI investments via FPI route in Indian marketsUnder the current rule, an FPI applicant cannot be a Non-resident Indian (NRI) or OCI. However, NRIs or OCIs or Resident Indian individuals...
Global private banks ask FPI managers not to sell NRI clients’ investmentsFPIs have to bring down the aggregate contribution of NRIs and OCIs (along with resident Indians) in a fund to below 50% by December 31, 20...
Sebi seeks details of investments by NRIs, overseas Indians in FPIsTrying to gauge the quantum of NRI investments, number of funds dominated by NRIs, and whether redemptions may impact the market in any sig...
NRI-FPIs lobby to hang on to Dalal Street partyThese foreign portfolio investors (FPIs) are reaching out to local institutions and hiring legal firms and consultants to lobby with the go...
Now, Overseas Citizens of India can invest in NPSUp until now OCIs could not invest in the National Pension System or NPS. PFRDA, through a circular issued on October 29, has said that OCI...
We're not NRIs, Sebi told by PIO fund managersUnlike NRIs who hold Indian passports, PIOs and individuals who have obtained the OCI.
AirAsia Berhad CEO Tony Fernandes applies for 'overseas citizen of India' statusFernandes is a Malysian national. He said his father was of Indian origin. "I am told that it is the same as a Non Resident Indian (NRI) st...