Non-resident Indian and Person of Indian Origin

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Topic: Non-resident Indian and Person of Indian Origin

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	Non-resident Indian and Person of Indian Origin - Wikipedia, the free encyclopedia
		A Person of Indian Origin (PIO) is literally, simply a person of Indian origin who is not a citizen of India.
		Indians in the USA are one of the largest among the groups of Indian diaspora, numbering about 1.7 million, and probably the most well off - their median income is 1.5 times that of the host country.
		For the purposes of issuing a PIO Card, the Indian government considers anyone of Indian origins up to four generations removed, to be a PIO [1].
	en.wikipedia.org /wiki/Ethnic_Indian (2123 words)

	NRI Investment
		A person of Indian origin resident outside India does not require any permission to transfer residential or commercial property in India by way of gift to a person resident in India or to person resident outside India who is a citizen of India or to a person of India origin resident outside India.
		Interest income is tax free in the hands of NRI until he maintains a non-resident status or a resident but not ordinarily resident status under the Indian tax laws.
		"Person of Indian origin" means a foreign citizen (not being a citizen of Pakistan, Bangladesh and other countries as may be specified by the Central Government from time to time) if,
	www.amb-inde.fr /Eco_Com/Inv_Ind/Nri_Inv.html (3558 words)

	PART - Online Information article about PART
		union with a creative god: the pantheism of the Indian is negative—denying world and life, and descrying its ideal in the cessation of existence.
		Mythology and Religion of Indian and Iranian, no less clearly marked is the fundamental difference of intellectual and moral standpoint, Difference which has led the two nations into opposite paths between the of See also:
		Artagnes), with the god of the intoxicating Haoma (the Indian Soma).
	encyclopedia.jrank.org /PAI_PAS/PART.html (5868 words)

	Encyclopedia: Manindra Agrawal
		Indian Institutes of Technology (IITs) are the premier educational institutions for science and technology spread all over India.
		Manindra Agrawal was born in May 1966, and since 2001 he has been a full professor at the Indian Institute of Technology in Kanpur, India.
		He did his B.Tech and Ph.D. in Computer Science and Engineering from the Indian Institute of Technology, Kanpur.
	www.nationmaster.com /encyclopedia/Manindra-Agrawal (593 words)

	non resident indians, banking, accounts, investments, NRIs, PIOs, OCBs :Banknet India
		For the purpose of investments in India, a Non Resident Indian (NRI) means a person resident outside India or who is a citizen of India or is a Person of Indian Origin.
		An Indian citizen or a foreign citizen of Indian origin who stays abroad for employment/carrying on business or vocation or under circumstances indicating an intention for an uncertain duration of stay abroad is a NON-RESIDENT INDIAN (NRI).
		Person of Indian Origin (PIO) means a citizen of any country other than Bangladesh, Pakistan or Sri Lanka, if:
	www.banknetindia.com /nri/nris.htm (471 words)

	Encyclopedia: Desi
		Amongst people from the Indian subcontinent, especially in English-speaking First World countries, this term refers to the blend of cultures and identity of the South Asian communities of the west, crossing national and cultural boundaries that separated them in their ancestral countries.
		It covers about 4,480,000 km², or 10 percent of the continent, and is also known as the Indian subcontinent.
		Indians may not want to be lumped with Malaysians, for instance, or Pakistanis may not want to be classified as Asian, and so on.
	www.nationmaster.com /encyclopedia/Desi (670 words)

	Who is Non-Resident
		A person of Indian origin is one if he, or either of his parents or any of his grand-parents, was born in undivided India.
		A company is a non-resident if it is neither an Indian company nor one the control and management of whose affairs during the previous year is situated wholly in India.
		Every other person is a non-resident if, during a previous year the control and management of its affairs is situated wholly outside India.
	iic.nic.in /iic5_b05.htm (361 words)

	RBI permits loans to NRI employees
		Reserve Bank of India has given nod to Indian companies for granting rupee loans to Non Resident Indian or Person of Indian Origin employees to obtain loans for personal purposes including for purchasing of house property in India
		The loan should also be subjected to the terms and conditions to the one applicable to resident Indian.
		The repayment of such a long would be by way of ineard remittance from outside India or by debit to the NRE or NRO or FCNR account of borrower.
	www.namasthenri.com /snippets/13102003a.htm (118 words)

	Khaleej Times - Online
		Answer: Banks have now been permitted to allow remittances by a non-resident Indian and person of Indian origin of an amount not exceeding $100,000 per calendar year, out of the assets in India acquired by way of inheritance or legacy, on production of the following:
		About three years ago the Indian company had obtained a foreign currency loan from its parent company in the US.
		It has set up an Indian company five years ago.
	www.khaleejtimes.co.ae /india/nriproblems_1410.htm (532 words)

	INDOlink - International and NRI News
		Cherian concluded his speech saying, "we should never forget that the success of a person of Indian origin anywhere in the world is a success for all persons of Indian origin everywhere in the world."
		Indian Ambassador K. Balakrishnan thanked GOPIO for selecting Switzerland as its convention venue.
		Two other resolutions reiterated GOPIO's demand for appointing prominent NRIs to Rajya Sabha and voting rights for Indian citizens living outside India.
	www.indolink.com /NRINews/Community/gopio2000.html (727 words)

	The High Commission of India, Singapore - Forms
		Any person holding a foreign passport but who can prove his Indian origin upto three generation before ie.
		NRI/PIOs to place deposits with Indian firms on non-repatriation basis and with Indian companies including Non-Banking financial companies on both repatriation/non-repatriation basis.
		either the person himself or his father or grandfather or great grandfather must have been a citizen and resident of India.
	www.allindia.com /hcisin/pioform.htm (590 words)

	Khaleej Times - Online
		THE Indian government has decided to observe January 9 as the Day of the non-resident Indian (NRI) or Person of Indian Origin (PIO), every year from 2003, the Indian Ambassador K.C. Singh said yesterday.
		Briefing newsmen about the first Pravasi Bharatiya Divas (PBD), Mr Singh said that this was the first comprehensive effort by the Indian government in harnessing the energies, knowledge, wealth and other resources of the Indian diaspora, for the cumulative good of the country.
		Commenting on the cross-border tensions between India and Pakistan, the ambassador said this was an evolving situation which would evoke a graded and responsible response from the Indian government, notwithstanding the public response which was pushing the government to react immediately.
	www.khaleejtimes.co.ae /ktarchive/230502/uae.htm (4440 words)

	NRI/PIO-NRI corner
		Emergency Certificate: An Emergency Certificate (one-way travel document) which authorizes an Indian to enter India, is issued to the citizen of India whose passports have been lost, stolen or damaged and to whom new passports cannot be issued without approval from India.
		CHANGE OF NAME: For change of name or surname, consequent to marriage/divorce, please submit original marriage certificate, along with photocopy and husband's passport are also required.
		If lost or destroyed, the fact and circumstances should be immediately reported to the nearest Indian Mission and to the local police.
	www.nrilinks.com /india/passport/default.htm (1192 words)

	income tax investment FEMA bank accounts property gift inheritance faq in india for non resident indians
		The term NRI is defined under FEMA rules and regulations as ‘A person resident outside India who is either a citizen of India or is a person of Indian origin (PIO).’ However the term PIO is defined differently in different regulations and therefore the term NRI will have different meaning under different regulations i.e.
		Not applicable to a resident* going outside India for employment, a resident who leaves India as a member of crew of an Indian ship, an Indian citizen or person of Indian origin who is abroad and comes to India for a visit i.e.
		The Indian company can make payment in Rupees to its non-wholetime director towards travel expenses to n fro and within India, sitting fees, commission or remuneration as agreed which can be repatriated abroad by ‘A’ after payment of taxes.
	www.kdpaccountants.com /existingnri.htm (2884 words)

	InvestMentor Online for Investing in India
		If you are a Non-resident Indian or a person of Indian Origin (NRI), you would find valuable information for NRIs about facilities, rules, regulations and restrictions about investing in India.
		Unless you are (i) a resident Indian, (ii) a Non resident Indian or a person of Indian origin or (iii) an institutional investor registered with Indian capital market regulatory agency SEBI (SEC equivalent), you can’t invest in Indian markets at this point of time.
		That means neither resident Indians can invest in foreign assets nor foreign nationals can invest in India without prior approval from Reserve Bank of India- a Federal Reserve equivalent of Indian monetary system.
	geocities.com /isldirect/index.htm (330 words)

	FEMA NON RESIDENT INDIANS - Proprietorship Concerns in India by non-Resident Indians and Persons of Indian Origin
		FEMA NON RESIDENT INDIANS - Proprietorship Concerns in India by non-Resident Indians and Persons of Indian Origin
		A resident Indian owning a proprietorship concern in India, emigrates and becomes an NRI or PIO, he/she is permitted to continue to hold and own such proprietorship concern provided activity of the proprietorship concern is not a prohibited activity.
		Since, NRI or PIO staying outside India cannot take care of day to day operations of the proprietorship concern in India, he can appoint a person resident in India as a Power of Attorney holder to act on his behalf and also operate the bank account.
	www.femareadyreckoner.com /NRIs/Investment_Business_Industry/proprietorshipconcern1.htm (677 words)

	MurthyDotCom : Person-of-Indian-Origin Card
		The intent is to bring the beneficiaries closer to their roots, to make it easier for them to travel to India and to allow them the same advantages that a Non-Resident Indian (NRI) has.
		The government has been variously criticized for charging such an unwarrantedly large sum of money (beyond the reach of some of the second-generation unskilled immigrants, according to the strident objections of the Global Organization of Persons of Indian Origin, GOPIO).
		At the cost of US $1000 per card the government expects to generate revenue to the tune of US $2 billion from the 2.35 lakh people who are estimated to apply for this status through the Indian missions abroad (the Indian ex-patriot population is calculated to be about 6.7 million NRIs and 15 million PIOs).
	www.murthy.com /pio.html (879 words)

	Rediff On The Net Business News: RBI modifies investment ceiling for NRIs, PIOs and OCBs
		The Reserve Bank of India has modified the investment ceiling of non-resident Indians, overseas corporate bodies and person of Indian origin for purchase of shares in a company through stock exchanges under the portfolio investment scheme.
		Similarly, the aggregate limit for all NRIs/PIOs/OCBs investment through the secondary market in a company has been raised from the existing level of five per cent to ten per cent of the paid-up equity capital.
	www.rediff.com /business/1998/jul/24rbinri.htm (248 words)

	FortuneCity - How To Buy
		Any individual whether an Indian citizen or an Non-resident Indian or a person of Indian Origin can apply.
		The duly authorized person should make an application on behalf of a firm or company.
		The person intending to purchase an apartment has to apply on the prescribed Application Form contained in the Brochure.
	www.fortunekol.com /how_to_buy.htm (1073 words)

	ThatsKannada.com - Pravasi Bharatiya Divas 2004 to be held from Jan. 09th, 2003
		The Minister of Finance will talk on Globalization, Indian Economy and the Diaspora; while the Deputy Prime Minister of India will speak on the theme: India and the Diaspora: Vision for 2020.
		The recommendation of celebration of the Pravasi Bharatiya Divas had been made to recognise the contribution of the Indian Diaspora in the political, economic, social, academic and cultural fields.
		Another focus area in the upcoming Pravasi Divas is the youth of the Indian Diaspora, who is being targeted with the view that the coming generations are the torchbearers in building future Diaspora relationships.
	www.thatskannada.com /nri/engagements/151203pravasidivas.html (914 words)

	NRI Services - FAQs - HSBC India
		The same will be issued to Non Resident Indians in a dematerialized form, and Non Resident Indians have to establish to the primary dealer that the source of funds is external in order to allow Non Resident Indians to put the proceeds on maturity into an NRE account.
		An NRI is a person resident outside India who is a citizen of India or is a person of Indian origin.
		You are deemed to be a person of Indian origin if you are a foreign citizen (other than of Pakistan or Bangladesh), and if:
	www.hsbc.co.in /in/personal/nri/nrifaqs.htm (2362 words)

	Daily Excelsior.........State
		Every Non Resident Indian or person of Indian origin living abroad seems to have a story to tell and they are all telling it all in their own peculiar style.
		The fantasy scene in which the fourth generation of Indians in Canada converses with the first generation was quite effective.
		It said profession or adoption of a religion or faith is a matter of ones personal choice, conscience and conviction and there should be no barrier.
	www.dailyexcelsior.com /02oct21/state.htm (6316 words)

	User:Kaushik twin - Wikipedia, the free encyclopedia
		Hi, I'm an Indian resident in the United Arab Emirates.
		This user would like to be able to speak more languages.
	en.wikipedia.org /wiki/User:Kaushik_twin (206 words)

	Rediff On The NeT: Person of Indian Origin cards on cards
		Prime Minister Atal Bihari Vajpayee today said his government had decided to implement a scheme to issue Person of Indian Origin cards to those living abroad and having foreign passports, which would confer upon them a range of special benefits.
		In another major announcement, the prime minister said the government would appoint a committee to go into the question of providing dual nationality to people of Indian origin settled abroad.
		The bill was introduced in the last session of Parliament and will particularly look into the problems relating to the definition of ''resident'' and other clauses about which NRIs have reservations.
	www.rediff.com /news/1998/nov/12pio.htm (563 words)

	Non-Resident Ordinary Rupee Account (NRO Accounts)
		All resident accounts of a person with banks in India will automatically be treated ordinary non-resident accounts on his becoming non-resident.
		If an account is used only for the personal or business needs of the resident account holder, it may be opened jointly even with a person who is not a close relative but this needs prior permission of the Reserve Bank.
		It may be noted that residential status of a person will be determined as per the definition under Foreign Exchange Regulation Act, 1973.
	www.vakilno1.com /nri/bankaccount/nro.htm (441 words)

	Legal Frame Work Concerning to Non-Resident Indian - EDepositoryIndia.com
		Note :- If the resident Indian holding securities in Indian Companies later on acquires a status of Non-Resident Indian, then the person need not specially secure a permission from RBI for holding such securities.
		Non resident Indian is required permission of Reserve Bank of India under form TS1 to execute a sale or a transfer deal to the residents by private arrangement route.
		When Non-Resident Indian wish to maintains his deposits of Foreign Currency in Foreign Currency account, such an account is termed as Foreign Currency Account.
	www.edepositoryindia.com /index2a.html (3272 words)

	CAalley.com
		A Non-Resident Indian (NRI) or a Person of Indian Origin (PIO) resident outside India may invest by way of contribution to the capital of a firm or a proprietary concern in India on non-repatriation basis, i.e., the amount invested shall not be eligible for repatriation outside India, provided :
		by a person resident outside India on non-repatriation basis
	www.caalley.net /fema/fcir_12031.html (219 words)

	MBR: Internet Bookwatch, November 2004
		Stephen Alter's Elephas Maximus (0151006466, $25.00) provides a portrait of the Indian elephant, coveted by poaches for its ivory tusks and revered in Indian religion.
		Originally designed and published as a children's book for teenage readers, Philip Hoose's The Race To Save The Lord God Bird is also confidently recommended an ideal introduction for an adult readership as a very highly recommended survey of the process of extinction and changing attitudes towards understanding and protecting species and habitats.
		Originally written in 1976 (under the title "Assault on a Wilderness"), Saving The Big Thicket: From Exploration To Preservation, 1685-2003 is the environmental saga of a ten-year war between conservationists and timber companies concerning the 84,550 acres of the Texas Big Thicket National Preserve.
	www.midwestbookreview.com /ibw/nov_04.htm (15655 words)

	Edinburgh University Library: Previously Answered Reference Questions
		The term had originally been applied as the name of an Indian tribe and has gone on to be used in naming a river and its area and is also used to denote the particular configuration of main river and tributary.
		regular charts and statistics on economic indicators, output, personal and household income and expenditure, investment and construction, business sector, oil and gas, population and labour market, areas of Scotland, and assistance to industry and employment
		There is an Index to articles 1975-1998 with references to a range of tables/articles under ethnic groups looking at country of birth, the New Commonwealth & Pakistani population, ethnic origin, and ethnic minority populations in Great Britain.
	www.lib.ed.ac.uk /faqs/parqs.shtml (12482 words)

	Dual Citizenship for Indians
		that person if of Indian origin, of full age and capacity and a citizen of one of the specified countries
		You will be treated the same as a non-resident Indian with respect to the facilities available to the latter in the economic, financial and educational field.
		The Indian Parliament passed a Bill to grant dual citizenship to the people of Indian origin on December 22, 2003.
	www.path2usa.com /immigration/relatedinfo/dual_citizenship.htm (887 words)

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