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NRIs experiment with Cryptos for remittances: Deciphering the risks and opportunities
Remittances in India are pegged at about $80 billion, mainly transferred through banking or other financial channels. Lately, many Indians are experimenting with cryptocurrencies to remit money to their families back home and save on commissions charged by wire transfer companies and other intermediaries. ET's Sachin Dave deciphers the cryptic risks and opportunities of cryptocurrencies and remittances, Watch.
Indians lost Rs 26,300 crore as foreign exchange fees in 2020
The money lost annually by Indians grew to Rs 26,300 crore in 2020, as compared to Rs 18,700 crore in 2016, the study commissioned by Wise, a London stock exchange listed company, and done by Capital Economics in August 2021, said.
How NRIs can use DTAA to avoid double taxation in India
Since March 2020, many of the NRIs and PIOs have been compelled to stay longer in India due to circumstances beyond their control in the form of travel restrictions due to the pandemic across the globe. This can potentially lead to change in their residential status in India for tax purposes.
Many Indian expats turn to crypto to remit money
Industry trackers say that the way Indians are warming up to crypto assets as well as decentralised finance, remittances through crypto assets is only set to grow, especially because transferring smaller amounts can be expensive through the traditional services.
Things you should remind yourself when betting on a crazy market like this one
There are three key aspects to remember – investing is a part of your financial planning, necessities such as health and life need to be prioritized, and having an emergency fund in place as a fallback option in case the investment results in a loss. Investing without any research can quickly drain your bank account, so choosing a suitable asset class based on some parameters – age, risk appetite, and financial goals -- is essential.
How NRIs stuck due to pandemic will be taxed in India for FY 2020-21
The new rule was announced before the pandemic-induced travel restrictions. It can unintentionally impact all those NRIs/PIOs who had come to India and had to spend longer time in the country in FY 2020-21 due to travel restrictions or health concerns.
CBDT exempts certain non-residents, foreign investors from filing ITR FY21 onwards
Further, eligible foreign investors (non-residents who operate in accordance with SEBI instructions), who during the financial year, have only transacted in capital asset like Global Depository Receipts, Rupee Denominated Bonds, derivatives or other notified securities, listed on recognised stock exchange in IFSC, have also been exempted from ITR filing.
Investment instruments NRIs should consider but often miss out on
It's important that NRIs should first look at their goal and risk profile before making a decision. Similarly, investment instruments like MFs, equity markets, NRE deposits, and more have their restrictions.
Everything you need to know as an NRI buying term insurance policy abroad
The country of residence matters as the eligibility to buy a given policy and premiums depend upon it. While some insurers may provide lifetime policies, some might conduct telemedical exams. So, one must submit the relevant documents.
Paytm becomes India's first platform to accept international remittances directly into digital wallet
This partnership makes Paytm the country's first platform to accept international remittances directly into a digital wallet. On the other hand, Ria Money became the first money transfer company to connect with Paytm's wallet users.
VIDEO
Indian startup ecosystem gets visa boost
The governments worldwide are tapping opportunities to get the Startups to move their base from India permanently. The founders of these start-ups are on the way to become future successful NRIs.
Proposal on investment in foreign companies, VCs irks HNIs
According to the draft regulations, any investment in an unlisted company, even for a stake as little as 1-2%, is allowed (as ODI) only if the Indian investor has control over the foreign outfit — a right that very few, if any, investors will have.
How can you secure your child's future as an NRI?
Calculating your child's financial needs based on a future they are likely to pick in the next 10-15 years can be daunting. It could end up being a random guess in most cases. What's important to understand here is your investments are all that you will have control over for now. The more you choose to invest today, the more flexibility you offer your children to pick a future they desire.
Invest19 plans to launch gateway for NRIs to invest in Indian stock market
The online multi-broker trading platform is going to launch a one-click investment feature for NRIs, where they can actively take part in the Indian stock market, without being present in the domestic territory of the country, the company said in a statement.
Investing in India? Knock-off up to 18% Government Taxes on your purchases (old & new)
While monopoly is a funny game, financial planning on the other side which targets to maximize returns & generate higher portfolio value, surely is a serious one. What if you learnt today about a compelling 'Chance' card, already up your sleeve, which can continually benefit you to save Indian government taxes, across any global geography you live in.
The Guardians Real Estate forays into NRI segment with Dubai operations
The office in UAE will cater to the NRI and High-Net-Worth Individuals (HNWI) with project offerings spread across India, the property consultant said. The company has set an annual revenue target of Rs 1,000 crore from NRI sales in projects spread across Mumbai, Pune and Bengaluru.
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How Invest Money In Bank
Source: https://economictimes.indiatimes.com/nri/invest
Posted by: hendrixbeemeart.blogspot.com
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