Mumbai, July 10 (IANS) India’s foreign exchange reserves surged by $7.260 billion to $674.193 billion in the week ended July 3, reversing the decline recorded in the previous week, according to data released by the Reserve Bank of India (RBI) on Friday.The value of India’s gold reserves rose by $2.669 billion to $105.205 billion during the reporting week.The country’s holdings of Special Drawing Rights (SDRs) with the International Monetary Fund also increased by $65 million to $18.623 billion.T…
Latest NRIs News & Updates
New Delhi, June 5 (IANS) Industry chamber ASSOCHAM on Friday praised Reserve Bank of India’s decision repo rate pause as steps to support trade and industry, as stable rate shields growth from supply‑side shocks.Nirmal Kumar Minda, President, ASSOCHAM said stable interest rates “will support demand and potentially benefit investments, consumption, employment, and overall economic growth.”The “well-calibrated measures by the RBI will create a promising approach to growth and to control inflat…
Mumbai, June 5 (IANS) The Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday announced that the limits for investment by NRIs and OCIs in equity instruments traded on the stock market without SEBI registration are being increased.Further, the same facility is being extended to all individual Persons Resident Outside India (PROIs) at par with NRIs and OCIs, he remarked during his speech after the Monetary Policy Committee (MPC) meeting.“Third, a facility of concessional forex swap w…
Bengaluru, June 4 (IANS) Karnataka Chief Minister D.K. Shivakumar on Thursday announced that the state government will establish two separate ministries, one for Public Grievances and another for Non-Resident Indians (NRIs), to improve governance and address citizen concerns more effectively. The Chief Minister was speaking after chairing a high-level meeting with senior bureaucrats, including additional chief secretaries, principal secretaries, district in-charge secretaries, senior police offi…
Chennai, April 22 (IANS) In a significant pre-election crackdown, officials have seized over Rs 2 crore in unaccounted cash from the Mylapore Assembly constituency, intensifying political tensions on the eve of polling in Tamil Nadu.The seizure was carried out by flying squads deployed under the supervision of the Election Commission as part of heightened surveillance to curb electoral malpractices. Authorities suspect that the cash was intended for distribution to voters, a violation of the Mod…
Chennai, April 22 (IANS) In a significant pre-election crackdown ahead of the Assembly elections in Tamil Nadu, officials have seized over Rs 2 crore in unaccounted cash from the Mylapore Assembly constituency in Chennai, a development that has further intensified political tensions on the eve of polling in the state.The seizure was carried out by flying squads deployed under the supervision of the Election Commission of India as part of heightened and extensive surveillance measures put in plac…
New Delhi, March 9 (IANS) Bharatiya Janata Party (BJP) National Spokesperson Pratyush Kanth said on Monday that non-resident Indians (NRIs) are the true ambassadors of Indian culture, who have a crucial role to play in achieving “Viksit Bharat@2047”. Speaking at the presentation of a book “Great Indo-Canadians” by Toronto-based senior journalist Gurmukh Singh, Kanth said that under Prime Minister Narendra Modi’s vision the country has been taking big strides and making the most of the contributi…
Chandigarh, Feb 14 (IANS) The Punjab Bharatiya Janata Party organised an NRI Samellan titled “Punjabi Diaspora Meet” here on Saturday. Addressing the inaugural session, the party’s state working President Ashwani Sharma welcomed the Punjabi diaspora, acknowledging their immense contribution in bringing global recognition and pride to Punjab and India.He said that Punjabis settled across the world have always carried the spirit of their motherland in their hearts. He emphasised that under t…
New Delhi, Jan 25 (IANS) On the eve of Republic Day, President Droupadi Murmu approved the conferment of 131 Padma Awards, including two duo cases (in a duo case, the Award is counted as one) for the year 2026. Padma Awards – one of the highest civilian Awards of the country, are conferred in three categories, namely, Padma Vibhushan, Padma Bhushan and Padma Shri.The Awards are given in various disciplines/fields of activities, viz., art, social work, public affairs, science and engineering, tra…
Ahmedabad, Jan 24 (IANS) The Ahmedabad Crime Branch on Saturday recovered gold jewellery worth over Rs 20 lakh and arrested two women in connection with the theft from a visiting non-resident Indian (NRI) woman. The accused, Ramilaben Parmar (28) of Vadaj and Sarla Ganava (34) of Nirmalnagar, both originally from Dahod district, reportedly targeted passengers on crowded BRTS and AMTS buses. Officials said the women carried young children to avoid suspicion and posed as daily-wage workers w…