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Finance Bill, 2020 passed in Lok Sabha

March 23, 2020

On March 23, 2020, Finance Minister Nirmala Sitaraman introduced the Finance Bill, 2020. The bill was introduced and passed in Lok Sabha without any discussion. Key Features of the Bill The bill provides the financial proposals of the fiscal year ..

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OCI can now apply for National Pension System

October 31, 2019

The Overseas Citizens of India (OCI) will now be eligible to apply for National Pension System (NPS) at par with Non Resident Indians (NRIs). The permission to permit OCI to enroll in NPS was given by Pension Fund Regulatory and ..

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PIO cards to continue as valid travel document upto March 2020

September 30, 2019

The Persons of Indian Origin (PIO) cards along with valid foreign passport will be considered for exit or entry into India till 31 March 2020. Government of India had earlier advised all PIO card holders to convert their cards to ..

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Union Government to allow Aadhaar enrolments of NRIs, PIOs, OICs

August 8, 2015

Union Government has decided to allow Aadhaar enrollment of Persons of Indian Origin (PIOs), Overseas Citizen of India (OCIs) and Non-Resident Indians (NRIs). It was announced by Union Planning Minister Rao Inderjit Singh in written reply to Lok Sabha. This ..

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Union Cabinet gives nod to Composite Foreign Investment Cap

July 17, 2015

Union Cabinet has given nod to introduce composite foreign investment cap in a bid to streamline the Foreign Direct Investment (FDI) structure. Decision in this regard was taken during Union Cabinet meeting chaired by Prime Minister Narendra  Modi in New ..

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RBI allows NRIs to subscribe chit funds

June 12, 2015

Reserve Bank of Indian has allowed non-resident Indians (NRIs) to invest in chit fund to encourage flow of capital into the country. Decision in this regard was taken after RBI had revised the extant guidelines for subscription to the chit ..

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EC rules out possibility of NRI E-voting

October 19, 2014

The Election Commission (EC) submitted before the SC that providing NRIs with the option of e-voting will not be possible due to threats such as viruses, spyware, and malware. Case before the SC An NRI had filed a PIL before ..

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