non resident Current Affairs, GK & News

Agreement signed between India Post and US Postal Service for Electronic Exchange of Data

On October 27, 2020, India Post and US Postal Service signed agreement for electronic exchange of data related to postal shipments. Highlights Based on the agreement, the respective bodies will transmit and receive electronic data of international postal items before their arrival. This will help the customs to clear the postal items well in advance, ..

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Kuwait might force 8 lakh Indians to leave the country

The Kuwait Government has decided to halve the expatriate population due to the slump in oil process and COVID-19 crisis. Highlights The Kuwait National Assembly recently approved a draft bill according to which population of Indians in Kuwait should not exceed 15% of the total population of the country. This could force 8 lakh Indians ..

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“Dream Kerala Project” launched for Keralites returning from abroad

On July 1, 2020, Kerala announced “Dream Kerala Project”. The project is being rolled out to tap potential and experience of those returning from abroad. Highlights According to the Government of Kerala, Rs 85,000 was sent by the expatriates in 2018. This has touched now touched Rs 1 lakh crore. Their remittances in banks amount ..

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Rajesh Chaplot receives highest Civilian Award (Golden Jubilee Medal-Civilians) of Uganda

Rajesh Chaplot, who received the highest Civilian Award (Golden Jubilee Medal-Civilians) of Uganda, is a Non-Resident Indian (NRI) businessman, hailing from Rajasthan. The award was presented by the President of Uganda, Yoweri Museveni in a ceremony held in Kampala. The award is presented to him for his contribution towards developing India – Uganda ties through ..

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RBI enhanced the scope of SNRR

The Reserve Bank of India in consultation with the Government of India, has decided that in a bid to popularise internationalisation and cross-border transactions of the Indian Rupee, have issued norms, a scope for foreigners to open ‘Special Non-Resident Rupee (SNRR)’ accounts for purpose like trade credits and invoicing in INR, External commercial borrowing in ..

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