NRIs, PIOs urged to take up lucrative teaching assignments in India

In order to scale up human resource and to tide over the shortage of talented faculty, HRD Minister Prakash Javedekar urged NRIs and PIOs to take up lucrative teaching assignments.

“A decision to this effect will be finalised soon. Also, as part of this large strategy, a decision to open 20 universities of global standards will be set up in the country. Out of the 20 universities, about 10 will be public institutions and remaining private varsities,” he added.

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Search to find the next Ramanujan

A Bangalore-based computer scientist, Prof Sundaraja Sitharama Iyengar, who spent over four decades in the US and racked up an outstanding body of work is starting a first-of-its-kind talent search programme in Larnataka.

The programme, called NIAS-Maiya Prodigy, involves 10 meritorious students from various parts of the state — some from rural areas — who will receive a scholarship of `50,000.  The USP of the programme is that the 10 students will have a mentor assigned to them who will guide them in their studies and careers and monitor them over five years. 

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Indian-origin appointed to top military post in Kyrgyzstan

Shaikh Rafik Mohammed, who hails from Kerala, was appointed major general of Kyrgyzstan by Ali Mirza, defence minister of Kyrgyzstan at an official ceremony held in the country, Khaleej Times reported.

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NRIs can exchange old notes till June 30

The Reserve Bank of India has allowed non-resident Indians to exchange scrapped Rs 500 and Rs 1,000 notes till June 30. This facility will be available through RBI offices in Mumbai, Delhi, Chennai, Kolkata and Nagpur. 

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Policy changes to attract NRIs to Indian realty, in 2017

The Indian property market has always been quite attractive for non-resident Indians (NRIs). The only concern, has been with the opaque nature of the business, with its lack of information and scientific process of due diligence. However, with some of the key policy changes in 2016, like the Real Estate Regulation Act (RERA), demonetisation, the goods and services tax (GST and the Benami Transaction Act, the moot question now, is whether NRIs can be more confident in making an investment decision.

Read the full article in moneycontrol

Remittances from Oman dip post note scrapping in India

 Two money exchange houses in Oman saw a dip of at least OMR1.2 million in Instant Money Transfer (IMT) as recipients in India continue to face difficulty in withdrawing cash following the Indian government’s November 8 decision to scrap Rs500 and 1,000 notes.
Read the full story in Times Of Oman

Simple tips for NRIs selling property in India

The recent boom in the Indian real estate industry has prompted NRIs (Non Resident Indians) to sell their properties in India to take advantage of the hike in land prices. However, NRIs must take note of the special provisions of the Indian tax laws before selling their property in India in order to ensure a smooth transaction and avail maximum benefits.

Find out all the tips here