Category: NRI News
Rich Indian parents buying property in London with eye on children’s schools: Report
Rich Indian parents keen to educate their children at leading British schools have helped drive up overseas demand for homes in London, a high-end estate agent has found in its latest property analysis report. Indians have emerged as the fourth-largest group of overseas buyers of property in London, after China, Russia and the US, which…
Soon, a London-type one card for all transports across India
What if just one card gives you a facility to travel through several modes of transports like buses, metros, trains, toll payment and local trains. This can soon be a reality as NITI Ayog’s CEO Amitabh Kant has announced that government will soon unveil a one-nation-one-card policy for public transport, which will give Indians a…
Why Are Rich Indians Moving Out of the Country?
In the past three years, 17,000 rich people (dollar millionaires, those who have more than 6.5 crore in wealth) have left India. South Africa-based market research agency New World Wealth publishes an annual report, according to which 7,000 super rich people in 2017, 6,000 in 2016, and 4,000 in 2015 left India and established domicile…
Now ICICI allows NRIs to remit money by commanding it to Siri
ICICI Bank today said the diaspora will be able to remit money home by dictating commands to handset major Apple‘s virtual voice assistant Siri. An NRI customer would be able to instantly initiate a remittance to her existing payees back home with a voice command to Siri, on her iPhone or iPad, the bank said…
Asia now has more billionaires than the US for first time
The world’s wealthiest individuals are on a roll with billionaires in Asia leading the pack. Billionaire wealth increased 17 percent to $6 trillion in 2016, after a decline the previous year, UBS Group AG and PricewaterhouseCoopers said in a report issued Thursday. Led by China, the number of the region’s billionaires surpassed the U.S. for…
NRI booked for giving Triple Talaq to wife through news ad
The Hyderabad police registered a case on Monday against an NRI, after he reportedly divorced his wife through an advertisement. The Hussainialam police said that the accused, identified as Mohammed Manaziruddin, a resident of London, married a 24-year-old woman from Hyderabad in September 2015, Deccan Chronicle reported. “Manaziruddin promised to take me to London, but he never…
Govt to set up portal for NRIs to track adoption requests
The central adoption body CARA is planning to set up a portal to help prospective parents from outside India track the status of their applications instead of relying solely on their country’s authorised agency. The move will help non-resident Indians (NRIs), Overseas Citizens of India (OCIs) as well as foreign nationals who apply for inter-country…
Oxford to become first UK city to ban petrol and diesel cars from centre
Oxford’s “Zero Emission Zone” will ban emitting vehicles from entering part of the city centre from 2020. The university city of Oxford has unveiled plans to ban petrol and diesel cars from its centre as part of the most radical set of proposals so far in Britain to curb pollution. Whilst London is rolling out…
Minister VK Singh’s Reason Why Indians Do Well Abroad
“People going abroad do very good and the reason for it is very simple. They get a good opportunity there and have the required financial support to take their ideas forward. Also, the interest rates on banks there are very low,” Mr Singh said The people who go abroad do well due to low interest…