Retirement Planning for NRIs

NRI retirement planning can be more complex than usual. The pressing questions of where to retire and when to retire become harder to answer when more than one country is involved. NRIs might consider retiring in India with retirement savings from abroad. It is important to start planning where and when you would like to be after retirement. The earlier you can start planning will likely lead to better outcomes in all regards. This article is about retirement planning for NRIs.

Best Penny Stocks to Buy in India in 2022

There are a host of investment options available in the market. Penny stock, for example, is one of these options. As the name suggests, penny stocks are issued by small publicly-traded companies listed on stock exchanges. These are the relatively affordable stocks available for a price lower than Rs. 10 that makes them suitable for new investors. Not only residents, but NRIs can also invest in penny stocks in India. Here we will list the best penny stocks to buy in India in 2022.

NRIs Can Open Fixed Deposit Accounts In Six Foreign Currencies in India Tax-Free

Indian banks like the State Bank of India (SBI), RBL Bank, and Federal Bank, offer FD accounts in six major foreign currencies tax-free. The US Dollar, British Pound (GBP), Canadian Dollar (CAD), Australian Dollar (AUD), and Japanese Yen (JPY) are all accepted. Fixed deposit rates in India are outstanding on a global scale. NRIs will undoubtedly want to take advantage of this opportunity.

​​Achievements of Indian Diaspora in UK

The Indian diaspora in the UK comprises approximately 1.5 million people. This group has contributed largely across many fields. Real estate, trading, medicine, financial services, information technology, academia, sports, industry, politics, science, business, literature, and the arts have been noticeably influenced by the work of the Indian diaspora in the UK. Grant Thornton published a report in 2020 entitled “India in the UK: The diaspora effect.” This report was in collaboration with the High Commission of India in the UK and the Federation of Indian Chambers of Commerce & Industry (FICCI). The report attempts to quantify the economic impact of the Indian diaspora in the UK. In this article, we cover the main areas of contribution outlined by the report.

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