NRI founded innovation league in Singapore launches mobile app

An NRI founded Singapore Innovation League (SIL), which funds technology start-ups, today launched a mobile chat application on Google Play.

The new mobile app ‘YAY’ is a peer-to-peer communications software and allows the consumer to voice call, chat and share, said the SIL founder and tech billionaire Niraj Goel. Continue reading

NRI company files criminal complaint against Baring Asia

Squabbling between private equity investors and companies often ends up at the doorsteps of regulator and court. Rarely, if ever, do such bickerings boil over and end up at a police station. One such dispute involving Baring Private Equity Asia — one of the most aggressive PE funds in Asia with over $5 billion of assets under management — is an exception to the rule. Continue reading

Bangalore Become the Most Favorite Property Investment Destination for NRIs

Now a day, the real estate market in the Bangalore city is propped up by investments from NRI’s as it has turned into a standout amongst the most favorite investment destinations. Recent report by ASSOCHAM (Associated Chambers of Commerce and Industry in India) revealed that “Bangalore is in the foremost position as a favorite property investment destination for NRI’s where as Ahmadabad is in 2nd position, Pune in 3rd, Chennai to 4th, Goa to 5th, Delhi in 6th and Dehradun is in 7th position”. Continue reading

PIO cards now have lifetime validity, notifies Home Ministry as per PM’s promise

Within hours of an announcement to that effect by Prime Minister Narendra Modi in the US at the Madison Square Garden, the Home Ministry has notified new rules on Tuesday stipulating that all NRIs holding Persons of Indian Origin (PIO) cards will now get lifelong entry to India.

Amending the PIO Card Scheme, 2002 on September 30, the Home Ministry has now notified that PIO Card issued to an applicant shall be valid for his life time from the date of its issue provided that such applicant has a valid passport. Continue reading

Why more NRI’s are looking to spend more time in India

The rockstar reception and electrifying 70-minute speech delivered by Indian PM Narendra Modi at Madison Square Garden last week seems to have electrified the Indianairport1 diaspora everywhere. A huge wave of euphoria, pride, patriotism and nostalgia has washed the diaspora. PM Modi’s speech received standing ovations and applause every now and but the one thing that really got him a thunderous applause was when he acknowledged the difficulties PIO (Person of Indian Origin) card holders faced. Continue reading

NRI cell to be set up in Telangana

Telangana government will soon set up a dedicated NRI cell along the lines of Kerala and Punjab to help the distressed Telanganites working abroad. The cell will be headed by a superintendent of police. On receiving complaints from overseas Telanganites or from the Indian missions in the host countries, the cell will assist the workers in resolving their problems. Continue reading

NRI Doctors Evince Interest in Investing in Bihar

Impressed with Bihar Government’s proposed sectoral incentive policy in the field of health, leading medical practitioners of Indian origin in England have evinced interest in opening quality health institutions in the state.

The interest by medical practitioners was shown during their meeting with Bihar Chief Minister Jitan Ram Manjhi in London last evening, an official statement said here today. Continue reading

Non-repatriable NRI funds may get domestic investment tag

In order to encourage more overseas investments into India, the government has set up a committee to look into the possibility of treating non- repatriable NRI funds as domestic investment.

“The Committee will look into streamlining the process for NRI investments into India in the light of the Mayaram panel report on rationalising the FDI/FII definition,” an official told PTI. Continue reading

UK Visa Fraud 11 Indians caught in Turkey

Cited as a major UK visa fraud in recent times, the Times of India reports a case of up to 11 Indian nationals using fake UK visas. The Indian nationals were caught in Turkey using forged visas held by the police in a single day last week. Continue reading