Sunday, 29 September 2019

NRIs can now apply for Aadhaar on arrival without 182-day wait

Non-Resident Indians with valid Indian passport can now apply for Aadhaar on arrival, without the 182-day waiting period, a government notification showed Monday. The government notification brings into effect a budget proposal on the same issue.

Full report here

Saturday, 14 September 2019

Redraw investment plan in slowdown, NRI investors told

Investment advisers are asking clients to redraw their investment plans in view of the unprecedented slowdown in the economy and the alarming pace of deceleration and large scale exit of foreign institutional investors from the Indian market.
Falling market is good opportunity for long-term investors and cherry-picking
Read more here

Why NRIs love to invest in India?

Investing in India is a great way to create wealth while helping the country's economy. Some NRIs plan to return to India while others simply want to participate in the Indian Economy.
Read the column by Founder & CEO of Cube Wealth

Sunday, 8 September 2019

Aadhaar card for NRIs coming soon. 5 things to know about UIDAI's new plan

Following announcement by finance minister Nirmala Sitharaman in her budget speech two months ago, the Unique Identification Authority of India (UIDAI) is gearing up to ready its infrastructure to issue Aadhaar cards to non-resident Indians (NRIs) holding Indian passports on their arrival in the country.

5 things to know about UIDAI's plan to issue Aadhaar cards to NRIs:

Tax breaks galore for non-resident Indians on property

Over the years, Non-resident Indians (NRIs) have invested substantial sums into Indian real estate either purely from investment perspective or due to an emotional attachment to their country of origin.

Either way, the Indian government sees this as an important source of fund inflows into the country.

And, to make real estate buying even more attractive, the government offers multiple benefits to NRIs by way of tax exemptions etc.
Read the full story in Gulf News