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NRI Worldwide > NRInterest

Modi and Obama pledge to take ties to new levels
Report dated 01/10/2014 @ 6:00 PM

Modi and Obama pledge to take ties to new levels In their first summit Prime Minister Narendra Modi and President Barack Obama pledged to move their bilateral relationship to new levels, resolve issues blocking a civil nuclear deal and cooperate in counter terrorism and intelligence sharing.

Their discussions also covered a range of issues including economic cooperation trade and investment, and they reached an agreement on extending their defense cooperation for 10 more years. They discussed terrorism in South Asia and emerging threats in West Asia. The PM said both sides decided to move forward the dialogue on security and defence.

During a joint media appearance Modi expressed the hope that India-US relations will make swift progress and Modi said he requested Obama to take steps that would ensure easier access to Indian companies in the US service sector.

Mr Modi invited US defence companies to participate in the Indian defence manufacturing sector to help its development. Both leaders discussed WTO matters with Modi saying India supports trade facilitation but he wishes that a solution could take care of India's food security concerns.

President Obama said they discussed issues of trade and economic cooperation, to cooperate in exploration of space and scientific developments, and especially to deal with challenges such as Ebola.

Heart disease affecting Indians early
Report dated 01/10/2014 @ 5:43 PM

Heart disease affecting Indians early According to the American College of Cardiology's (ACC) new study centres across India, in the Indian pool of heart patients almost every second one has high blood pressure, every fourth has diabetes and every fifth has plaque deposits in his/her arteries.

On World Heart Day that was observed recently, the ACC data underlined that the average age of a heart patient in India is 52 years, clearly indicating that Indians get hit earlier with heart disease. In America for example the average age is the 70s.

The ACC is a not-for-profit medical association that works out guidelines for cardiac treatment that are invariably followed across.

Some helpful tips for NRIs returning to India
Report dated 01/10/2014 @ 5:39 PM

Some helpful tips for NRIs returning to India The Resident Foreign Currency (RFC) Account is recommended as an ideal vehicle for NRIs to park their funds in foreign currency in India, and avail of its advantages once they actually return to the country.

Any resident Indian can open an RFC account in any freely convertible foreign currency, as can returning NRIs who have stayed abroad for a continuous period of 1 year or more. Existing FCNR or NRE accounts can be converted to an RFC account at the discretion of the account holder.

The RFC account can be opened in any freely convertible foreign currency and can be maintained in the form of term deposits, current accounts or savings accounts. Interest credited on a quarterly basis in the RFC account balance is taxable except for an account holder that does not qualify as an Ordinary Resident.

The balance maintained in an RFC account can be utilised to make investments or to remit money abroad and to make payments and investment in India.

These are just a few tips, and one is advised to consult an accountant for guidance.

India win 2 golds on Monday tennis and discuss throw
Report dated 30/09/2014 @ 1:19 PM

India win 2 golds on Monday  tennis and discuss throw Discus thrower Seema Punia, 31, won gold in the track and field events, beating back a challenge from two Chinese rivals, and making amends for her non-participation in the last two Games in Guangzhou and Doha, as tennis star Sania Mirza, 27, paired up with Saketh Myneni to win an easy victory and bag gold in the mixed doubles against Chinese Taipei, as the Indians ended their tennis campaign with an impressive tally of five medals.

Wrestler Bajrang and the men's tennis duo Sanam Singh and Myneni picked up silver medals. Athletes O P Jaisha (women's 1500m) and Naveen Kumar (men's 3000m steeplechase) and wrestler Narsingh Pancham Yadav (74kg) won golds.

India now maintains its ninth position with a total of 6 gold, 7 silver and 29 bronze medals.

PIO cardholders to get Indian visa for life
Report dated 29/09/2014 @ 1:42 PM

PIO cardholders to get Indian visa for life Speaking to a huge gathering of NRIs at Madison Square Gardens in New York, PM Narendra Modi said PIO cardholders will get a lifetime Indian visa, and American tourists will be given a visa on arrival. Also, PIO card holders staying in India on a long-term basis will no longer have to report to the local police station.

The PM did not mention when the new rulings will come into effect.

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