Tag: NRI

Delhi Notorious ‘Bunty Chor’ arrests in Pune

The notorious Delhi Bunty Chor aka Devinder Singh, has been arrested by Pune Police when he was checking into a hotel in the city. Read more

Norway Couple case: NRI children return home

Norway Couple case 300x241 Norway Couple case: NRI children return homeFinally, after a long waiting period, Norwegian court handed over the two Norway children to their paternal uncle, ending the custody row under the diplomatic pressure of India.

The row was being nearly one year during which both were under the care of Norway’s Child Welfare Agency, separating from their parents.

On Tuesday, both Abhigyan and Aishwarya reached their home after winning a legal battle of custody. Read more

NRIs comes in support of Anna Hazare

anna hazare photos 300x224 NRIs comes in support of Anna HazareAs per Media news report, today Anna Hazare and his initiatives are the heroes of NRI.

The people of Indian origin (PIO), attending the Pravasi Bharitya Divas 2012, has given a great response to Anna Team for the strong Lokpal.

While the government is never missing any step to attract NRI investments, but its reverse the Indians residing abroad expressed their huge support only for the social activist.

Considering the union government over the issue of corruption, Anna is the hero for NRIs who has emerged as the voice of the common Indian. Read more

RBI allows NRIs to enclose currency risk with banks

Today, some special terms has to be established by The Reserve Bank on the basis of which avail of ECBs (external commercial borrowings) designated in rupee is to be allowed.

According to a report stated by RBI, the NGOs have been permitted non-residents to hedge currency risk for external commercial borrowings (ECBs) denominated in rupees from foreign equity holders or with Indian banks under the automatic/ approval route.

The route is as per the ECB guidelines. Some are:

1. The amount and tenor of the hedge should not exceed that of the underlying transaction Read more

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