Foreign exchange


Reversal sought on fees hike for NRIs seeking SPDC scheme

Monday, March 21st, 2011
Reversal sought on fees hike for NRIs seeking SPDC schemeNAJEEB CThe Ministry of Overseas Indian Affairs has announced a steep increase in fees for NRI children seeking admission under Scholarship Programme for Diaspora Children scheme. Tuition fee for the forthcoming academic year will increase from USD 4000 to USD 7000. This increase is pending for HRD Ministry's approval form ...

Comparative study of Non resident provision between Income Tax Act and DTC Bill

Friday, March 18th, 2011
Comparative study of Non resident provision between Income Tax Act and DTC Bill [caption id="attachment_7440" align="alignleft" width="106" caption="Gopal Kedia"][/caption] INCOME TAX ACT, 1961 DIRECT TAX CODE BILL, 2009 REMARKS 1. Residential status of an Individual : As per the provisions of section 6(1) : An individual is said to be resident in India in any previous year if he : (a)        ...

25 Indian VCs for Canada education summit

Tuesday, March 1st, 2011
Twenty-five Indian vice-chancellors will participate in the Canada-India Education Summit to be held at Ottawa's Carleton University as part of the Year of India in Canada.The two-day education summit will be held May 16 and 17.A statement Monday said Carleton University will host the summit in ...

Indian stock markets give thumbs up to budget, Sensex soars

Tuesday, March 1st, 2011
Indian equities markets Monday continued to rise well after Finance Minister Pranab Mukherjee presneted the general budget as investors gave their thumbs-up to decisions like allowing foreign investment in mutual funds, and raising the cap on foreign institutional investment in corporate bonds.Mukherjee raised the ...

South Indian Bank woos diaspora customers

Thursday, February 24th, 2011
The city-headquartered South Indian Bank Wednesday announced special gifts for diaspora customers who made single remittances of Rs.1 lakh (about $2,200) and above till March 31. The offer would be applicable to transfer from other banks and the only condition is that the funds should be retained in a single ...

Malaysia and India sign trade agreement

Friday, February 18th, 2011
Malaysia and India Friday inked a trade agreement expected to boost annual bilateral trade to $15 billion by 2015.The pact, due to come into force July 1, was signed by Indian Commerce and Industry Minister Anand Sharma and his Malaysian counterpart, Mustapa Mohamed, in Malaysia's administrative capital, ...

ICCR Scholarship

Friday, February 18th, 2011
The Ministry of External Affairs, Government of India offers ICCR (Indian Council for Cultural Relations) scholarships to the students all over the world. ICCR covers 60 scholarships under its umbrella, offered for undergraduate and post graduate Programmes in Performing and Visual Arts. Subjects include Indian Classical ...

Courses

Friday, February 18th, 2011
Studying in India is an enriching experience in itself that opens gates to professional growth. India offers many graduate, post graduate and doctoral level courses to NRIs and PIOs. Most state and central level colleges have excellent faculty, course curriculum and accommodation facilities keeping in view the career growth and comfort ...

Scholarship programme for Diaspora children

Thursday, February 17th, 2011
FOR HIGHER AND TECHNICAL EDUCATION IN INDIA The Ministry of Overseas Indian Affairs (MOIA), Government of India, initiated a scheme called the “Scholarship Programme for Diaspora Children” (SPDC) for the children of Persons of Indian Origin (PIOs) and Non-Resident Indians (NRIs) to assist them in pursuing Under Graduate University Education ...

Paid internship in professional studies in Haryana

Thursday, February 17th, 2011
The Haryana government has decided to provide paid internship to students of professional courses in different sections of the school education department in the state.Officials said internship would be provided to students studying engineering and post-graduation in management, social welfare, journalism and mass communication ...
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