The Reserve Bank of India (RBI) has recently imposed stricter regulations on offshore gifting, particularly for affluent Indian families sending substantial financial gifts to their children living abroad. These gifts are often used to support various needs, such as education, property purchases, or immigration investments, such as the U.S. EB-5 visa program. While the practice of offshore gifting has grown in popularity, the RBI has increased scrutiny, especially when these transactions invo
The Reserve Bank of India (RBI) has recently imposed stricter regulations on offshore gifting, particularly for affluent Indian families sending substantial financial gifts to their children living abroad. These gifts are often used to support various needs, such as education, property purchases, or immigration investments, such as the U.S. EB-5 visa program. While the practice of offshore gifting has grown in popularity, the RBI has increased scrutiny, especially when these transactions invo
Mumbai's financial landscape has seen significant changes as the Reserve Bank of India (RBI) takes action on JPY-linked special deposits. Once a popular tool for attracting NRI funds, these deposits were marketed as premium rupee plans (PRPs), offering high returns by leveraging the forward premium on the Japanese yen. Banks, like IndusInd Bank and Yes Bank, had been using these products to attract NRI deposits by offering high yields based on the yen's forward premium in the foreign exchange
Mumbai's financial landscape has seen significant changes as the Reserve Bank of India (RBI) takes action on JPY-linked special deposits. Once a popular tool for attracting NRI funds, these deposits were marketed as premium rupee plans (PRPs), offering high returns by leveraging the forward premium on the Japanese yen. Banks, like IndusInd Bank and Yes Bank, had been using these products to attract NRI deposits by offering high yields based on the yen's forward premium in the foreign exchange
Bank of India recently hosted an NRI Meet, “Pravasi Sampark,” in Mumbai’s North Zone, designed to enhance its engagement with the Non-Resident Indian (NRI) community. This initiative is part of the bank’s ongoing strategy to provide customer-centric financial services, catering to the evolving needs of NRIs, including banking, investment, and remittance solutions. The event highlighted the bank’s commitment to strengthening long-term relationships with global Indians by leveraging a
Bank of India recently hosted an NRI Meet, “Pravasi Sampark,” in Mumbai’s North Zone, designed to enhance its engagement with the Non-Resident Indian (NRI) community. This initiative is part of the bank’s ongoing strategy to provide customer-centric financial services, catering to the evolving needs of NRIs, including banking, investment, and remittance solutions. The event highlighted the bank’s commitment to strengthening long-term relationships with global Indians by leveraging a
Kalvakuntla Kavitha, once labeled the "Lady in Liquor Scam" during the Delhi liquor scam controversy, has been acquitted by the CBI court in Delhi. The court cleared her of all charges, citing a lack of evidence in the case. The allegations against Kavitha had sparked months of intense political scrutiny and legal battles. At one point, the Bharat Rashtra Samithi (BRS) party took action and removed her from her position within the party amidst the ongoing legal concerns. Despite the serious p
Kalvakuntla Kavitha, once labeled the "Lady in Liquor Scam" during the Delhi liquor scam controversy, has been acquitted by the CBI court in Delhi. The court cleared her of all charges, citing a lack of evidence in the case. The allegations against Kavitha had sparked months of intense political scrutiny and legal battles. At one point, the Bharat Rashtra Samithi (BRS) party took action and removed her from her position within the party amidst the ongoing legal concerns. Despite the serious p
Prime Minister Narendra Modi has achieved a significant milestone in the digital space, becoming the first world leader to cross 100 million followers on Instagram. The achievement highlights his strong presence on social media and reflects his influence in the global political landscape. Since joining Instagram in 2014, Modi’s account has steadily expanded in reach. What began as a platform to share official engagements, foreign visits, and personal moments gradually evolved into
Prime Minister Narendra Modi has achieved a significant milestone in the digital space, becoming the first world leader to cross 100 million followers on Instagram. The achievement highlights his strong presence on social media and reflects his influence in the global political landscape. Since joining Instagram in 2014, Modi’s account has steadily expanded in reach. What began as a platform to share official engagements, foreign visits, and personal moments gradually evolved into
On March 3, 2026, a Total Lunar Eclipse will occur, often referred to as a Blood Moon due to the deep red color the Moon will turn during totality. This happens when the Earth passes directly between the Sun and the Moon, casting its shadow completely over the Moon. Why Is It Called a Blood Moon? During the total lunar eclipse, Earth completely blocks direct sunlight from reaching the Moon. However, some sunlight filters t
On March 3, 2026, a Total Lunar Eclipse will occur, often referred to as a Blood Moon due to the deep red color the Moon will turn during totality. This happens when the Earth passes directly between the Sun and the Moon, casting its shadow completely over the Moon. Why Is It Called a Blood Moon? During the total lunar eclipse, Earth completely blocks direct sunlight from reaching the Moon. However, some sunlight filters t
Holi, one of India’s most beloved festivals, is more than just a day of celebration. The festival, which marks the arrival of spring and celebrates the victory of good over evil, is also a time for family gatherings, vibrant street celebrations, and joyous color play. However, this year, the date of Holi has confused due to a rare astronomical event—a lunar eclipse. In 2026, Holi is set to be celebrated on different dates across India, with some regions observing it on March 3 a
Holi, one of India’s most beloved festivals, is more than just a day of celebration. The festival, which marks the arrival of spring and celebrates the victory of good over evil, is also a time for family gatherings, vibrant street celebrations, and joyous color play. However, this year, the date of Holi has confused due to a rare astronomical event—a lunar eclipse. In 2026, Holi is set to be celebrated on different dates across India, with some regions observing it on March 3 a
Holi 2026 is shaping up to be more than just a festival of colors—it’s becoming an exciting travel season. With extended weekends, flexible work schedules, and an increasing appetite for experiential travel, Indians are gearing up to celebrate Holi in destinations that offer culture, colors, and comfort. Whether you’re seeking spiritual experiences, royal vibes, or beachside parties, there’s something for every kind of traveler. Where
Holi 2026 is shaping up to be more than just a festival of colors—it’s becoming an exciting travel season. With extended weekends, flexible work schedules, and an increasing appetite for experiential travel, Indians are gearing up to celebrate Holi in destinations that offer culture, colors, and comfort. Whether you’re seeking spiritual experiences, royal vibes, or beachside parties, there’s something for every kind of traveler. Where
Ahead of India’s crucial T20 World Cup 2026 Super 8 clash against Zimbabwe, former Indian cricketer Anil Kumble has sent a no-nonsense message to Suryakumar Yadav and his team. With India needing to win both their remaining matches to keep their semifinal hopes alive, Kumble emphasized that there should be "no ifs and buts" — the team must play their best cricket to secure victory. India’s Situation and the Importance of the Match
Ahead of India’s crucial T20 World Cup 2026 Super 8 clash against Zimbabwe, former Indian cricketer Anil Kumble has sent a no-nonsense message to Suryakumar Yadav and his team. With India needing to win both their remaining matches to keep their semifinal hopes alive, Kumble emphasized that there should be "no ifs and buts" — the team must play their best cricket to secure victory. India’s Situation and the Importance of the Match
As the T20 World Cup 2026 progresses, teams are battling fiercely to secure a spot in the semifinals. With each match holding significant weight, the points table has been constantly shifting. Here's a breakdown of how the teams stand, their performances, and what they need to do to qualify. Australia’s Strong Hold on the Group Australia is currently leading the pack, having won all their matches so far.
As the T20 World Cup 2026 progresses, teams are battling fiercely to secure a spot in the semifinals. With each match holding significant weight, the points table has been constantly shifting. Here's a breakdown of how the teams stand, their performances, and what they need to do to qualify. Australia’s Strong Hold on the Group Australia is currently leading the pack, having won all their matches so far.