What Is India News Service
Wednesday, November 07, 2007


The Government of India defines Non-Resident Indians (NRIs) separately under the Foreign Exchange of India Act (FERA) and the Income Tax (IT) Act.

Under FERA, an Indian Citizen who stays abroad for employment, or carrying on business, or vocation outside India, or stays abroad under circumstances indicating an intention of an indefinite duration of stay abroad, is a Non-Resident Indian.

Non-resident foreign citizens of Indian origin are treated on par with the Non-Resident Indian citizens.  A person is deemed to be of Indian Origin if he at any time held an Indian Passport, or he or either of his parents or grand parents was an Indian and a permanent resident in undivided India.

Under the IT Act, the number of days a person is in India in a financial year (April to March) defines the Non-Resident status.  If a person in India, in a single or multiple visits, does not exceed 182 days in a financial year, he/she is deemed to be Non-Resident Indian.

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Breaking the ice with the BJP, the UPA government has made its first move towards addressing the principal Opposition party’s concerns on the nuclear deal. (Reaching Out, Nsa & Kakodkar Meet Advani, Indian Express, Pranab Dhal Samanta, Nov 07, 2007)

AMONG the bleary-eyed passengers queueing up at the Chandigarh airport to catch the morning flight to the Capital, I spotted the familiar types. (Flying Footnotes, Tribune, Editorial, The Tribune, Nov 03, 2007)

AMITOZ KAUR, the doctor-bride in Patiala who rejected NRI doctor-groom Gurpreet Singh, who demanded a dowry of Rs 50 lakh hours before they were to take the vow as man and wife, deserves encomiums for her boldness and principled stand. (Amitoz Says ‘No’, Tribune, Editorial, The Tribune, Oct 29, 2007)

The share market has been giving the investors the jitters. Few know which way it would go next. (Share Market Fluctuations, Tribune, Arun Kumar, Oct 29, 2007)

Reacting to the Tehelka sting operation on the 2002 Gujarat riots, a coalition of Indian-American organisations, the Indian National Overseas Congress and the Indian Muslim Council-USA have demanded action against the people who admitted on tape to partic (Punish The Guilty On Tehelka Tapes: Nris, Rediff on the Net, Correspondent or Reporter, Oct 27, 2007)

A US-based NRI and his parents were on Friday arrested for allegedly demanding dowry just before the marriage ceremony was to be solemnised, saying that they can not take the bride with them "just like that". (Nri Groom, Parents Arrested For Demanding Dowry, Times of India, Correspondent or Reporter, Oct 27, 2007)

In a unique honour, former President A.P.J. Abdul Kalam was today presented with the King Charles II Medal for his outstanding contribution to the practice and promotion of science in India. (Kalam Receives King Charles Ii Medal, Tribune, Correspondent or Reporter, Oct 23, 2007)

Over the last month, traders of commodities futures in India have been facing a market that has been quite disconnected from the movements in overseas markets. (What Makes The Rupee Rise, Pioneer, Parthasarathi Ganguly, Oct 22, 2007)

Is rich getting richer in the country? It seems so as a latest study has found that India’s High Networth Individuals (HNIs) population has touched 1,00,000 mark at the end of 2006. (India Has 1 Lakh Millionaires, Singapore Times, Correspondent or Reporter, Oct 18, 2007)

Britain over the years, has been likened to the world’s only onshore tax haven; it’s one of the few countries in the world, where till now, a Lakshmi Mittal, a Roman Abramovich or a Mohammed Al Fayed could pay taxes only on what they . . . . . (Staying Tax Positive, Singapore Times, Correspondent or Reporter, Oct 18, 2007)

Involvement of Sikh separatists in collaboration with Islamic jihadi groups is being suspected behind the blast that killed seven people and injured 32 at the Ludhiana multiplex last night. (Sikh Outfits, Jihadis Behind Blast, Statesman, Correspondent or Reporter, Oct 16, 2007)

Making a quantum jump, India has emerged this year as the second largest investor in the UK, next only to the USA. (Making Waves In The Uk , Statesman, Correspondent or Reporter, Oct 16, 2007)

Making a quantum jump, India has emerged this year as the second largest investor in the UK, next only to the USA. This was stated by India's acting high commissioner Mr Asoke Mukherji at a reception organised to celebrate the . . . . . (Making Waves In The Uk , Statesman, Correspondent or Reporter, Oct 15, 2007)

For the past several weeks, the commissars of the Left have strutted and fretted on the public stage, hectoring the government in the most intemperate language. They want it to back away from the civilian nuclear agreement with the US. (No Time For Yesterday, Times of India, Editorial, The Times of India, Oct 10, 2007)

Former Gujarat chief minister and now godfather of BJP rebels, Keshubhai Patel, returned from Delhi empty-handed early this month. During his discussions with L.K. Advani, Rajnath Singh and Arun Jaitely, he was told curtly that Modi is the supreme . . . (A New Middle Class?, Indian Express, Varghese K George, Oct 10, 2007)

This book is a foamy, frothy concoction of life in high places, the hype and hoopla surrounding it and the broken loves of the people leading such lives. (Cheers To The High Life! , Deccan Herald, Namrata Iyengar, Oct 08, 2007)

In a ruling which could affect tax payments of thousands of employees of Indian IT companies earning mega bucks on overseas assignments, the Authority of Advance Rulings (AAR) has said that that there was no escape from paying tax on the amount . . . . (It Pros Can't Avoid Tax On Foreign Earnings, Times of India, Correspondent or Reporter, Oct 04, 2007)

Indian American entrepreneur Raj Khera has been honoured with this year's Pride of India Gold Award by the NRI Institute of India. (Indian American Entrepreneur Gets Nri Award, Times of India, Correspondent or Reporter, Oct 03, 2007)

India wanted to develop its education sector on priority basis and collaboration with foreign universities will help in the process but there are still some concerns which need to be addressed, Minister for Overseas Indian Affairs Vayalar Ravi said . . . (“India Keen On Promoting Education Sector”, Hindu, Correspondent or Reporter, Oct 01, 2007)

I was speaking with some NRI friends who were chuckling away with glee at the discomfiture prevailing currently in Pakistan, discomfiture that doesn’t get addressed by Pervez Musharraf being allowed to contest presidential elections. (Let’S Wish Them Well, Indian Express, JAITHIRTH RAO , Sep 29, 2007)


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