Travel dominates forex spending abroad: RBI data

    Travel dominates forex spending abroad: RBI data

    Outward remittances from India under the liberalised remittance scheme fell by 2% year on year. Travel was the largest chunk of foreign currency outflows in April, with maintenance of close relatives being the second largest reason for remittances. Indians spent $31.7 billion overseas under the LRS in the fiscal ended March 2024.

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      Why are India's richie rich choosing Dubai to migrate?

      Why are India's richie rich choosing Dubai to migrate?

      A report by Henley & Partners projects approximately 4,300 millionaires from India to migrate to the United Arab Emirates, particularly Dubai. The UAE is a preferred destination for wealthy Indians due to various factors like the real estate market, overseas family offices, and the Golden Visa program.

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      Germany needs 4 lakh trained personnel, great opportunity for Maharashtra youth: Minister Kesarkar

      Germany needs 4 lakh trained personnel, great opportunity for Maharashtra youth: Minister Kesarkar

      ​​Addressing reporters, the minister of school education said, "I have recently returned from Germany with encouraging news for Maharashtra's youth. That country has requested nearly four lakh trained youths, which presents a significant employment opportunity for all of us. Germany has specifically requested 10,000 trained youths in the first batch."

      Canada's Open Work Permit: Eligibilty, advantages and how you can apply

      Canada's Open Work Permit: Eligibilty, advantages and how you can apply

      An open work permit in Canada offers foreign nationals the freedom to work for any employer, unlike a closed permit. It provides flexibility and opportunities in the job market. Eligible individuals, such as international graduates and family members of permanent residency applicants, can apply for this permit. The application process varies based on individual circumstances.

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        Co-op, work placements, and internships: A guide for international students

        Co-op, work placements, and internships: A guide for international students

        Employers seek capable graduates with practical experience. Work-integrated learning, such as co-op programs, work placements, and internships, offer real-world exposure. Co-op involves academic study and paid work related to the field. Work placements are short-term in a professional setting. Internships provide focused practical experience. International students should be aware of visa, work restrictions, and labor laws.

        Study in US: An expert answers your biggest F-1 visa questions

        Study in US: An expert answers your biggest F-1 visa questions

        International students on F-1 visas face challenges related to OPT, DSO approval, STEM OPT extension, I-20 updates, SEVIS records, reinstatement, financial documentation, green card applications, driver's license requirements, visa status management, USCIS filings, crowdfunding limitations, and SSN applications.

        study abroad scholarships

        • Canada

          • To be eligible, candidates must either hold a graduation degree or be enrolled in a program leading to one.
          • There is no specified age requirement, and applicants can be of any age.
          • Both national and international students are welcome to apply.
        • Canada

          • Candidate must be nomination by a Canadian institution and be a doctoral student.
          • Eligible doctoral programs must feature a significant research component leading to thesis or dissertation completion.
          • Scholarship holders must maintain full-time enrollment, demonstrate satisfactory progress, and refrain from concurrent holding of other federal training awards.
        • USA

          • Applicants must be Indian citizens.
          • They should be pursuing a Bachelor's or Master's degree from a recognized institution in India.
          • Candidates must have at least one year left in their degree program in India.
        • UK

          • For Indian students pursuing eligible Master’s courses at Sussex for the September 2024 intake
          • Additional £2000 ‘Tuition Fee Awards’ for Indian students enrolled in eligible master’s programs at specific schools
          • Over £7,000 in Scholarships and Awards to support Indian Master’s students in the 2024 intake
        • UK

          1. 25 scholarships are reserved for women STEM scholars from India and other South Asian countries.
          2. The application deadlines vary depending on the university, typically between March and April 2024.
          3. This scholarship is designed for female STEM graduates wanting to pursue their Masters in the UK.
        • UK

          • Eligible only for one-year post-graduation course
          • A minimum amount of £10,000 is given to candidates chosen
          • 25 UK universities will participate in the scheme this year
          • 26 postgraduate GREAT scholarships on offer

        • Global

          • Given only to two Indian students
          • You should be a fee-paying student to be considered for the scholarship
        • Global

          • Given for both Masters and certification programs
          • Given to 50 candidates from across the globe
        • Global

          • Offered only for doctoral studies
          • You get to conduct your research in three different universities
        • UK

          • Applicable only for University of Exeter
          • Only for those who want to pursue Masters in English language

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        Overseas Indians parked $1 billion in NRI deposits in April

        Overseas Indians parked $1 billion in NRI deposits in April

        During the month a bigger chunk was garnered under the NRE (RA) with deposits worth $583 million, while $483 million flows were in FCNR(B) scheme. In addition to these two schemes, NRIs also park funds in NRO or non-resident ordinary deposit schemes. The funds in these schemes are meant for local use by the NRI and repatriable upto a certain limit. About $27 billion is the outstanding amount parked in this scheme compared to the outstanding amount of $99 billion in NRE(RA) and $26 billion in FCNR(B).

        Forex remittances worth Rs 50,000 crore under ED scanner

        Forex remittances worth Rs 50,000 crore under ED scanner

        Delhi-based entity made illegal sale of cryptocurrencies, sent proceeds to Hong Kong and Canada. Bank officials too being probed for leaking info, helping accused. The agency has carried out searches on residences of one of the suspects, Manideep Mago, and his company, Birfa IT Services.

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        US steps up watch against counterfeit goods; Indians leave your fake Adidas, Gucci back home

        US steps up watch against counterfeit goods; Indians leave your fake Adidas, Gucci back home

        The US Customs and Border Protection (CBP) has recently intensified efforts to combat the smuggling of counterfeit luxury products, leading to the confiscation of numerous fake Adidas, Nike, and Gucci items from travelers, particularly from India. Many students and visitors arriving in the United States have reported having their counterfeit Puma, Adidas, or Nike items seized at ports of entry.

        International holidays: 8 dos & don'ts to keep in mind when buying travel insurance

        International holidays: 8 dos & don'ts to keep in mind when buying travel insurance

        When buying travel insurance online, consider factors like cost, flexibility, customer reviews, your specific requirements, and coverage for pre-existing conditions. Ensure the policy covers your destinations, has no limits on trip duration, and includes belongings and theft coverage. Understand claim limits and missed flight policies for a comprehensive plan.Here are 8 dos and 8 don'ts to keep in mind when buying travel insurance

        The Economic Times