In order to attract more capital inflows, it has been decided to increase the interest rate ceilings on FCNR(B) deposits. (AI image) Cheer for NRIs! The RBI has enhanced the interest rate ceiling for FCNR(B) deposits to overnight Alternative Reference Rate (ARR) plus 400 basis points for deposits with maturities between 1 year and less…
NEW DELHI: A non-resident Indian (NRI) was shot by two unidentified assailants at his Daburji village residence on the outskirts of Amritsar on Saturday, police reported. Sukhchain Singh, recently back from the US was attacked in front of his wife and his two children.Singh was intercepted by the assailants while he was going for a…
India crosses the $100 billion mark in remittances! In the fiscal year 2019-20, which was an election year, India received remittances amounting to $83.2 billion. However, in the following year, 2020-21, the remittances slowed down to $80.2 billion, possibly due to the impact of the COVID pandemic. In the years 2014-15 and 2015-16, India received…
