Foreign

The decision comes after observations that several officials have failed to submit mandatory reports on learnings and outcomes from previously undertaken official foreign trips.

Bengaluru Metro spent Rs 26 lakh on foreign tours to study fare structures: RTI reply

Bangalore Metro Rail Corporation Limited refused to share the Fare Fixation Committee report and passenger revenue data, under RTI Act.

Karnataka's KWIN City: MoUs signed with foreign universities, aims to become a global healthcare hub

Speaking at Invest Karnataka – Global Investors Meet, Karnataka’s Minister for Medical Education, Skill Development, and Livelihood Sharan Prakash Patil said that KWIN City will evolve into a premier healthcare hub.

Karnataka secures Rs 64,675 crore investment assurances through foreign tours in 2 years: MB Patil

Over the last five years, Karnataka has attracted Rs 4.19 lakh crore in foreign direct investment (FDI), said Karnataka Minister for Commerce & Industries and Infrastructure Development MB Patil

Lonavala to Phuket: Indians turn I-Day, Raksha Bandhan holidays into a five-day getaway, boost travel demand

Domestic air traffic touched a new single-day high of 4,71,751 passengers in April 22, 2024, but the air passenger traffic is expected to cross beat the levels this coming weekend.

From Bhutan to Baku - Indian tourists look everywhere for their travel plans in summer 2024

As the world looks towards Asia for travel opportunities, India stands poised to capitalise on this momentum, leveraging its unique attractions and hospitality to welcome travellers from across the globe. Top outbound destinations this year include Sri Lanka, Malaysia, Thailand, Azerbaijan, Kazakhstan, Uzbekistan, and Georgia, according to the search numbers on travel platforms.

Foreign lawyers’ entry in India faces legal hurdle in court

A court has agreed to consider a petition contesting the move, putting overseas lawyers' ability to practise law in India at risk.

Weak rupee not a dampener for foreign tours, say airlines & travel agents

The rupee depreciated 4 paise to hit an all-time closing low of 83.41 (provisional) against the US dollar on December 13 amid a strong American currency overseas.

Indians emerge big globetrotters in 2023, fueled by competitive fares and free visas

The booming demand for foreign trips among Indian tourists has led to the number of international flyers surpassing the 2019 levels. Top outbound destinations include Bangkok, Dubai, Bali, Singapore and Pattaya.

Singapore Foreign Minister Vivian Balakrishnan says diversity and open population sharpen's the country's edge

During a recent interview, Singapore's Foreign Minister, Vivian Balakrishnan, was questioned about how the country maintains positive relations with both the United States and China, particularly in the face of escalating techno-economic competition between these two global giants.

China's commerce minister meets Tesla's Musk, promises support to foreign companies

Musk earlier met with China's ministers of industry and foreign affairs.

G7 backs more aid and weapons to Ukraine in show of unity against Russia

By Alexander Ratz and John IrishWEISSENHAUS, Germany Foreign ministers from the G7 group of rich nations backed giving more aid and weapons to Kyiv..

Remitting money abroad? Banks and dealers will accept physical forms 15CA/CB till July 15

The purpose is to intimate the income tax department and completing the process is necessary for banks to authorise the payments.

Fitch assigns BBB- to IREDA's issuer default ratings

"Fitch Ratings has assigned Indian Renewable Energy Development Agency Ltd's (IREDA) long-term foreign and local currency Issuer Default Ratings (IDR) of 'BBB-' and short-term IDR of 'F3'. The outlook is stable," it said in a statement.

Foreigners can change forex for Indian currency up to Rs 5k

While exchanging the notes, the foreign passport holder will have to submit a self-declaration that the facility has not been availed of during the week.

Madhya Pradesh: At the cusp of a new beginning

The commercial capital of Madhya Pradesh, Indore, has been instrumental in attracting foreign and domestic investment for the development of the state. Based on the theme, the Invest Madhya Pradesh Goobal Investors Summit serves as a perfect platform to understand and explore business opportunities within the state of MP.

India to give 20 yr residency status to certain fgn investors

The Cabinet, headed by Prime Minister Narendra Modi, approved a proposal to allow foreigners get 10 year residency permits if they invest Rs 10 crore over 18 months or Rs 25 crore over three years. The residency status can be extended by another 10 years.

Nepal PM Prachanda likely to visit India ahead of China

The Maoist chief, who was elected by lawmakers to the top post for the second time earlier this month, had rubbed India the wrong way when he chose China as his first destination after taking over as the premier in 2008 and attended the Beijing Olympics that year.

Ola hits out at Uber for fanning 'debate of nationalism'

As the fight for market share took nationalist overtones, Indian ride-hailing startup Ola today hit out at its San Francisco-based rival Uber for fanning the nationalism debate to hide its identity of being a multinational with "serial violations of law".

US FDA hopes for productive conversations on food safety law

The US food and drug regulator is conducting a series of trips abroad including India to update government and industry stakeholders on the bipartisan and landmark FDA Food Safety Modernisation Act, (FSMA), its most sweeping reform to food safety system in 70 years.

Rupee falls to over 1-month low on foreign outflows

Shares were also headed for their biggest single-day fall in nearly a month on worries over retrospective taxation for foreign institutional investors.

India to review foreign investments in corp bonds: R Gandhi

Overseas demand for corporate bonds has surged since the quota for government bonds was exhausted last year, with three-fourths of the USD 51 billion foreign investment limit on corporate bonds already utilised.

Expatriates bet big on India story

Indians may be looking for opportunities offshore but foreigners are flocking to India. A survey on expats in India, conducted by HSBC, shows that India is second only to China in attracting expat talent, however the overall experience is marred by factors such as adjustment to local culture and a less attractive work-life balance.

RBI On Call & Put Options

The RBI has prescribed a new pricing regime applicable to foreign investor exits using Call & Put options. And while it‘s not our case that equity should get assured returns, a dual pricing regime is confusing and in some cases unfair.

IIP improves on fall in external liabilities in Q2: RBI

The net claims of non-residents on the country, as reflected in the net IIP, decreased by USD 12.8 billion to USD 296.2 billion on the back of a USD 10.6-billion fall in the value of foreign-owned assets for the quarter ended September, the Reserve Bank said Tuesday.