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Archive for September, 2010

NRI Investment Opportunity In India

September 13th, 2010 admin No comments

To attract foreign investment in India, Government is offering several facilities to Non Resident Indians (NRIs), Persons of Indian Origin (PIO) and Overseas Corporate Bodies (OCBs).

India is coming up has hot destination for investment with more then 25 % ROI in certain investments. More and more NRI’s are wishes to invest in India to get high return on their investment compare to their country of residence. Before investing one should know rules and relegations of government of India or it can be sour experience.

NRIs/PIOs/OCBs/ are permitted to open bank accounts in India out of funds remitted from abroad, foreign exchange brought in from abroad or out of funds legitimately due to them in India, with authorized dealer. There are several avenues where NRI can invest in India. It is very crucial to understand which one is right for NRIs/PIOs/ or OCBs/.

Some investment require prior approval from RBI various some has automatic route and require no prior permission from government or RBI. Also it’s wise to confirm repatriation regulations set by RBI for particular investment before investing.

Here below are some avenues of investment in India for NRI’s:

  • Investment in property by NRI
  • Purchase of Shares Of Public Sector Enterprises (By NRIs/PIOs/OCBs)
  • Investment in Domestic Mutual Funds
  • Investment in Bonds Issued By Public Sector Undertakings
  • Deposits with Companies (For A Minimum Period Of Three Years)
  • Investment in Government Securities/Shares
  • Investment in Non Convertible Debentures

To know in detail about investment opportunities listed above please click on relevant link on left menu. Or you can write your query contact us

Categories: India Tags: ,

what is medical tourism

September 13th, 2010 admin 4 comments

Cross-border travel for health reasons is a $40 billon market and growing at over 15% a year .Medical Tourism also Known as Health Travel can be broadly defined as provision of ‘cost effective’ private medical care in collaboration with the tourism industry for patients needing surgical and other forms of specialized treatment.

Traveling abroad for health is not a new phenomenon. Medical tourism is actually thousands of years old. In ancient Greece, pilgrims and patients came from all over the Mediterranean to the sanctuary of the healing god, asklepios; the god of healing was located at Epidaurus. In roman Britain, patients took the waters at a shrine at bath, a practice that continued for 2,000 years. During 18th century wealthy Europeans used to visit health resorts in North Africa. But in the past seven years or so, the movement has accelerated sharply. It is growing rapidly and turning out to be an immense business opportunity for nations which have the strategic advantage of having resources in terms of medical technology, infrastructure and right human resources

The reason for Travel may be different like Cost difference, Lesser Waiting period,Non Availability of Treatment in home country etc.

Popular treatments abroad are mainly Knee Replacement, Hip Replacement, Heart Surgery, Dental Treatments, Cosmetic Surgery, Hair Transplant Surgery and Eye Surgery

Depending on the location and procedure, a medical vacation can cost 50%, 30%, or even 10% of what you would pay at home.

To know in detail about how you can plan your Medical trip to India  please  write your query contact us

Categories: Medical Tourism India Tags: , , ,

Non-Resident (External) Rupee Account – NRE Account

September 13th, 2010 admin 2 comments

Non Resident (External) [ NR(E) ] are governed by the provisions of Foreign Exchange Management (Deposit) Regulations, 2000.A Non Resident External account can be opened and maintained by a citizen of India or a person of Indian origin residing outside India as also Overseas Corporate Bodies (OCBs). The accounts are convertible / repatriable and are  maintained in Indian rupees in the form of savings, current and recurring or fixed deposit accounts.

The Non-resident Indians (NRIs)are permitted to open and maintain these accounts with authorised dealers, and with banks (including cooperative banks) authorised by the Reserve Bank to maintain such accounts.The account should be opened by the non-resident account holder himself and not by the holder of the power of attorney in India.

Note: Opening of NRE accounts in the names of individuals/entities of Bangladesh/Pakistan nationality/ownership requires approval of Reserve Bank.

To know in detail about more feature or regulation regarding NRE account  please submit your query contact us

Categories: NRI Finance Tags: , , ,