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FCNR Redemption may Cause Only Transient Disruptions

FCNR Redemption may Cause Only Transient Disruptions The $26-billion foreign currency non-resident (FCNR) deposits, raised during the last months of 2013, are due for redemption over the months of SeptemberDecember 2016. A recurring question at the recent RBI post- policy interactions, reflecting market concerns, was the potential disruptions in liquidity and foreign exchange. RBI statements […]

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Countries look to draw expatriate cash with ‘diaspora bonds’

Countries look to draw expatriate cash with ‘diaspora bonds’ A growing roster of developing states are turning to their compatriots abroad to raise cash by marketing “diaspora bonds”, a funding strategy successfully pioneered by India and Israel but sometimes tricky to imitate. Some 250 million people, around 3 percent of the world population, live outside

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Engr from US returns ‘swades’ to promote organic farming

Engr from US returns ‘swades’ to promote organic farming His parents wanted him to be a successful engineer in United States of America, but an urge to stop the excessive use of chemical fertilizers and pesticides, brought 40-year-old Randeep Kang back to his village 90 F in Sriganganagar district of the state. He studied electronics,

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Brunei’s oldest Indian Mohinder Singh Bhullar: A successful entrepreneur, flag-bearer

Brunei’s oldest Indian Mohinder Singh Bhullar: A successful entrepreneur, flag-bearer BANDAR SERI BEGAWAN: Looking for greener pastures, Mohinder Singh Bhullar cycled his way to Brunei at the tender age of 19 and now having seen 90 springs, he is the oldest Indian living in the oil and gas-rich country and contributing to its economy through

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