nris

Karnataka Chief Minister Shivakumar unveiled plans for two new secretariats to enhance governance: one dedicated to public grievances and another for Non-Resident Indians. A minister will oversee public grievances, ensuring citizens' administrative issues are addressed at least thrice weekly. The initiative aims for a corruption-free government, free from undue influence.

The situation assumes significance as the US-Iran conflict has led to rising global crude oil and energy prices, putting pressure on India’s balance of payments and current account deficit as the import bill goes up.

Government and RBI have launched new measures to attract foreign investment in bonds and bank deposits. These initiatives aim to boost inflows by easing regulations and offering currency protection. The rupee strengthened significantly following the announcements, with potential for substantial retail deposit growth. Tax exemptions for foreign investors on government securities are also in place.

Wealthy Indian investors are shifting focus from equities to premium residential real estate, seeking stability and long-term value amid market volatility. Experts highlight that high-quality properties in prime locations are now viewed as a crucial asset for wealth preservation and growth, comparable to traditional investments.

India’s balance of payments may see a third consecutive year of deficit, and the rising crude oil prices are threatening to expand the current account deficit. So what’s the solution to the problem?

Currency market participants said investor confidence improved following the RBI's policy announcements, particularly after the central bank emphasised that India's foreign exchange reserves remain strong enough to cushion the economy against external disruptions.

Non-Resident Indians can invest in Indian real estate, including residential and commercial properties, and land for construction, under FEMA rules. While agricultural land is restricted, nris can purchase apartments, offices, and plots. Key documents and tax compliance are essential, with specific deductions available for interest and principal payments. Payments must follow prescribed banking channels.

The Reserve Bank of India's recent monetary policy measures aim to bolster the rupee by attracting significant capital inflows, estimated between $40-75 billion. Despite rising inflation and revised growth forecasts, the Monetary Policy Committee is expected to maintain the repo rate at 5.25% with a neutral stance in August, prioritizing stability and external sector defense.

In 2013, the FCNR (B) scheme mobilised a critical $26 billion. The rupee’s fall was arrested, and the currency clawed its way back. Should India walk on the same path again?

A Delhi court denied anticipatory bail to a man accused of dowry harassment and cheating. The court noted the accused married in 2019, left for the UK, and never brought his wife back, later obtaining an ex parte divorce. He allegedly took dowry articles and failed to join the investigation, prompting the court's strong observation.

Non-Resident Indians dying without a will face complex property distribution in India. Intestate succession can lead to disputes and delays, requiring heir certificates, succession certificates, and mutation of property records. Indian succession laws, based on religion, govern inheritance for property in India, regardless of the deceased's foreign citizenship. A will is strongly advised to simplify the process.

Ganga Dussehra, observed on May 25, 2026, commemorates the descent of the sacred river Ganga. The festival emphasizes ritual bathing and charity, symbolizing purification and relief. While traditional observances involve visiting the Ganga's banks, the spirit of the festival can be maintained through home-based prayers, simple rituals, and charitable acts, adapting to geographical and temporal constraints.