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The Latest Breaking News from NRE

FCNR (B) vs NRE 5-year FD: Which can give higher maturity on $50,000 investment? Know currency risk

FCNR(B) vs NRE currency risk: FCNR(B) and NRE deposits offer distinct investment avenues for non-resident Indians. FCNR(B) deposits provide currency protection, while NRE deposits carry exchange rate risk. Calculations show NRE deposits can yield higher returns if the rupee strengthens. However, the rupee has historically depreciated against the US dollar.…

The Economic Times

ETMarkets Smart Talk | Selling property in India? Here's how NRIs can avoid excess TDS: Trilegal's Himanshu Sinha

NRIs face complex tax rules when selling Indian property, often leading to excess tax deductions. Obtaining a Lower TDS certificate can prevent over-withholding on sale consideration. Understanding capital gains tax and available exemptions is crucial for maximizing returns. Recent changes have altered capital gains taxation for equities and debt funds.…

The Economic Times

How NRIs, OCIs may benefit as RBI allows banks to offer higher interest rates on certain FCNRs, NREs

The Reserve Bank of India has temporarily lifted interest rate restrictions on certain NRE and FCNR(B) deposits until September 30, 2026. This move aims to attract foreign currency inflows by allowing banks to offer higher rates on these deposits, benefiting Non-Resident Indians planning to open or renew them.

The Economic Times

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Hong Kong-based son gets tax notice after father buys insurance policy in his name with cash; he fights back and wins case in ITAT Mumbai

An NRI in Hong Kong faced an income tax dispute after withdrawing cash from his NRE account to give to his father. The father used this money to buy an insurance policy in his son's name, leading to an 'unexplained cash credit' notice. ITAT Mumbai ultimately ruled in favor of…

The Economic Times

How we found criminal trials where Ohio prosecutors acted improperly

In a two-year investigation, we built a dataset of some 450 claims of prosecutorial misconduct by analyzing thousands of pages of appellate decisions from 2018 to 2021. Detailed here is how we did it.

WEKU

Trackers show rescued whales surviving and thriving after mass stranding in Tasmania

Months on from a mass whale stranding on Tasmania's west coast, researchers say all the effort saving and refloating 44 of them has paid off with electronic trackers confirming they are thriving.

ABC News

POET: POET Books NREs in Q2 and Product Revenues are Expected in Q4

By Lisa Thompson NASDAQ:POET READ THE FULL POET RESEARCH REPORT

Benzinga

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