Page-2 of NRI Current Affairs, GK & News

Finance Bill, 2020 passed in Lok Sabha

On March 23, 2020, Finance Minister Nirmala Sitaraman introduced the Finance Bill, 2020. The bill was introduced and passed in Lok Sabha without any discussion. Key Features of the Bill The bill provides the financial proposals of the fiscal year 2020-21. With the bill being passes, the proposals made under the Union Budget 2020-21 has ..

Month: 

Category: 

Topics: 

OCI can now apply for National Pension System

The Overseas Citizens of India (OCI) will now be eligible to apply for National Pension System (NPS) at par with Non Resident Indians (NRIs). The permission to permit OCI to enroll in NPS was given by Pension Fund Regulatory and Development Authority (PFRDA). The decision is one of the endeavours of PFRDA towards promoting and ..

Month: 

Category: 

Topics: 

PIO cards to continue as valid travel document upto March 2020

The Persons of Indian Origin (PIO) cards along with valid foreign passport will be considered for exit or entry into India till 31 March 2020. Government of India had earlier advised all PIO card holders to convert their cards to Overseas Citizenship of India (OCI) cards by 30 September 2019. Key Highlights The Indian Consulate ..

Month: 

Topics: 

Union Government to allow Aadhaar enrolments of NRIs, PIOs, OICs

Union Government has decided to allow Aadhaar enrollment of Persons of Indian Origin (PIOs), Overseas Citizen of India (OCIs) and Non-Resident Indians (NRIs). It was announced by Union Planning Minister Rao Inderjit Singh in written reply to Lok Sabha. This move will help all persons on the Indian soil (including resident Indian, OCI/PIO, NRIs and ..

Month: 

Topics: 

Union Cabinet gives nod to Composite Foreign Investment Cap

Union Cabinet has given nod to introduce composite foreign investment cap in a bid to streamline the Foreign Direct Investment (FDI) structure. Decision in this regard was taken during Union Cabinet meeting chaired by Prime Minister Narendra  Modi in New Delhi. This move will help government to club all forms of overseas investments such as ..

Month: 

Topics: