Emirati Jiu-Jitsu stars win 23 medals, athletes grab 11 medals, and People of Determination excel with 14 medals
Economists predict that it will be the world’s third largest economy and third largest consumer market by the year 2030.
A fast-growing Indian economy offers opportunities for non-resident Indians (NRIs) to invest in the country’s housing, equity markets or simple bank deposits.
Despite several challenges faced during the last two years, the Indian real estate market offers plenty of opportunities to invest. According to reports, a large number of NRIs have capitalised on transparent regulations and invested in real estate in India.
The RBI allows NRIs to hold accounts in Indian banks as business investors in India. There are various types of saving and deposit investment schemes based on the type of account. Joint holding is also allowed in these accounts, subject to certain limitations. This presents itself as an attractive investment avenue for NRIs who have parents or blood relatives back home in India.
RBI has also granted general permission for NRIs investing in India, who are willing to invest money in shares of growing companies in India. They have an option to invest in mutual funds, fixed deposits, shares and debentures of companies, government securities and national savings certificates. The limit of investment, type of company and few other factors are subject to regulations of RBI and SEBI.
HIGHLIGHTS:
1. Favourable taxation policies and provisions.
2. Loans against deposits to construct homes in India.
3. NRIs can directly invest in the Indian equity market using their own Demat account or Broker account and can deal with only one bank at a time.
4. NRIs are allowed to invest up to 5 per cent of the paid-up capital of the company and have 100 per cent funds at the time of buying. They need to have 100 per cent stock available to them while selling. No short selling is allowed.
5. This ensures that NRIs investments as well as the country’s interests are safeguarded.
— ali@khaleejtimes.com
Emirati Jiu-Jitsu stars win 23 medals, athletes grab 11 medals, and People of Determination excel with 14 medals
The first of seven phases, Friday's vote covered 166 million voters in 102 constituencies across 21 states and territories
The unique showcase brings together a diverse lineup of comedians from India and Pakistan, promising an hour of non-stop entertainment
Work teams across all customs centres continued to process cargo clearance and inspections
The UN chief urges international community to work together to prevent any actions that could push the entire Middle East over the edge
This punishment sent out a message to all teams of the importance of maintaining a healthy pace throughout a match
Only 10 of Gaza's 36 hospitals are currently even partially functioning
The updated Meta AI assistant will be given more prominent billing within Meta's Facebook, Instagram, WhatsApp and Messenger apps