NRI Investments India

MahaRERA instructs L&T to refund most of an NRI's payment, limiting deductions to 2% in a terminated booking dispute.
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RBI: RBI introduces scheme for non-residents to invest in Sovereign Green Bonds in IFSC, empowers Small Finance Banks with derivatives.
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Handful Districts: Five Gujarat districts, including Ahmedabad and Vadodara, hold 70% of NRI deposits; slight dip in December 2023 attributed to routine transactions.
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NRI Investments: India's economy surges, with record foreign remittances of 112B USD in FY23. NRIs explore diverse investments, anticipating growth in 2024.
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Stable rupee and higher interest rates drive NRI deposits to $6.1 billion in April-October 2023, doubling from the previous year.
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NRIs Favour Mumbai :- India sees a rise in returning NRIs favouring Mumbai for business and investments, challenging city-centric opportunities.
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