Is it the right moment for NRIs to send money to India as the Rupee drops below 90 per USD?
Indian Rupee Weakens Against the US Dollar On December 3, 2025, the Indian rupee hit a significant milestone, surpassing the $90 mark against the US dollar. Fast forward to December 9, and the rupee slipped further by 10 paise, settling at 90.15 against the dollar. Just six months ago, it was valued at under Rs […]
NRIs in the UAE are receiving notices for Foreign Asset Disclosure: What’s the reason? What should be done?
Why do NRIs receive such notifications? India gets financial data from over 100 countries annually through a system known as the Common Reporting Standard (CRS). This system is designed to share information to combat tax evasion. Through CRS, India can access details such as: foreign bank accounts interest, dividends, and overseas income assets like investments […]
SEBI plans to ease KYC process for NRIs: Improved remote access and quicker onboarding coming soon.
Predictive Monitoring SEBI has launched a new initiative focused on data-driven monitoring, utilizing AI and analytics to pinpoint ‘pump-and-dump’ schemes and catch fraud before it escalates. Pandey mentioned that SEBI has upgraded its data warehouse, allowing for predictive monitoring, which signifies a shift away from traditional reactive methods. Simplifying FPI Registration To enhance access for […]
Affordable insurance, accessible treatment, and low-cost medicines attracting NRIs to India
Growing Interest in Medical Care in India Among NRIs In New Delhi, a report from PolicyBazaar reveals a significant trend: low medical insurance premiums, affordable healthcare costs, and top-notch facilities in private hospitals are attracting Non-Resident Indians (NRIs) back to India for medical treatment. Insurance aggregator PolicyBazaar noted that the number of NRIs purchasing health […]
‘No remittance tax if you pay by…’: Ways for NRIs to sidestep new US fee
A recent tweet on X (formerly Twitter) ignited extensive discussions among Indian expatriates, as users brought attention to an important update regarding the US remittance tax. This straightforward message resonated with many NRIs by revealing a significant exemption within the contentious remittance tax proposal currently under review in the US Senate. The tweet highlights the […]
Positive news for NRIs as US Senate draft of Trump’s ‘One Big Beautiful Bill’ lowers remittance fees
Changes to US Remittance Tax for NRIs Non-resident Indians (NRIs) have a reason to celebrate with the recently proposed “One Big Beautiful Bill Act,” which suggests a significant reduction in the remittance tax to just 1%. Initially, the bill indicated a 5% tax, which was cut down to 3.5% by the House, and now the […]