OCI CHANGES

Sebi approves new rules to boost FPI investments from IFSCs by allowing aggregate contributions from NRIs, OCIs, and RIs up to 100%. The move aims to attract more investments from these groups, aligning with Finance Minister's call to increase NRI p...

Mutual fund KYC rules for NRI: The Securities and Exchange Board of India (Sebi) has implemented new Know-Your-Customer (KYC) rules from April 1, 2024. The new KYC rules are not only created problems for domestic mutual fund investors but also for N...

MEA enables Goans and Daman & Diu residents to obtain revocation orders for OCI, replacing surrender certificates. This eases the process and grants them benefits, including visa-free travel and opportunities overseas through Portuguese passports.

The UIDAI has announced modifications to the Aadhaar Rules through a circular. The circular introduces separate forms for residents and non-resident individuals. NRIs can now apply for Aadhaar using a valid Indian Passport. For NRI children, a valid...

Aadhaar card updation, enrolment details: The UIDAI (Unique Identification Authority of India) has issued a notification on January 16, 2023. The notification amends the rules and regulations for enrolment of Aadhaar number and updation of Aadhaar d...

The Employees’ Provident Fund Organisation (EPFO) has issued new standard operating procedure (SOP) via a circular. The new SOP will allow the EPF member to update 11 profile-related parameters.

With this strategic collaboration, certified configurations of OCI flexible virtual machines can now run Red Hat Enterprise Linux, and customers can also migrate existing workloads already running on Red Hat Enterprise Linux to Red Hat Enterprise Li...

The new services will help customers meet strict latency, data residency, and data sovereignty requirements that are key to many IT modernization efforts. It will also allow Oracle to offer customers nearly 100 services within their premises, which ...

For our NRI readers, we have started an immigration helpdesk. Write to us at nri.economictimes@gmail.com and our team of experts will address the most pressing issues.

Here is a look at major trends and changes that impacted our personal finances in 2021.

With a changed world of tech-enabled banking, secured payments and flexible country regulations, investment purchases in India transpire miraculously smoothly, all online in just a few clicks. Adding support in existing coronavirus era, an investor’...

For our NRI readers, we have started an immigration helpdesk. Write to us at nri.economictimes@gmail.com and our team of experts will address the most pressing issues.

An important modification introduced by the March 2021 circular changes the reporting obligations of OCI cardholders in India. They now have to report changes in their residential address and changes in occupation. OCI Card holders seeking an intern...

Overseas Citizen of India (OCI) cardholders will now be required to get their document re-issued only once at the age of 20 instead of multiple times needed to be done currently.

As many as 3.2 lakh overseas citizens of India (OCI) cards were issued per annum between 2015 and 2021 as compared to an average 1.7 lakh cards issued per year between 2005 and 2014. This, a home ministry official said, pointed to the growing popula...

In a recent letter to Shah, the Pune-based firm suggested amendments in the AOR policy stating, it is needed for foreigners to commute smoothly at the airport and encourage "ease of doing business in India".

However, the Union Home Ministry has given a major concession to OCI cardholders by allowing them parity with Indian nationals in the matter of tariffs in air fares in domestic sectors, entry fees for visiting national parks, national monuments and ...

The concept of an alternative residency as a means of hedging one’s sovereign risk is new in India. While India is an exciting destination enough for business activities, commercial growth for corporations and high yielding investments, it is rather...

The Home Ministry has relaxed travel conditions for the Overseas Citizenship of India (OCI) cardholders, in certain age group. An OCI cardholder is required to re-register each time a new passport is issued till 20 years of age and once after 50 yea...