Travel to India, Cheap Flights to India, Aviation News, India Travel TipsTravel to India, Cheap Flights to India, Aviation News, India Travel TipsTravel to India, Cheap Flights to India, Aviation News, India Travel Tips
  • Home
  • Travel News
  • Travel Guides
  • Travel FAQs
  • Destinations
  • Diaspora Stories
  • Immigration
  • Exclusive
Font ResizerAa
Travel to India, Cheap Flights to India, Aviation News, India Travel TipsTravel to India, Cheap Flights to India, Aviation News, India Travel Tips
Font ResizerAa
  • Home
  • Travel News
  • Travel Guides
  • Travel FAQs
  • Destinations
  • Diaspora Stories
  • Immigration
  • Exclusive
Search
  • Home
  • Travel News
  • Travel Guides
  • Travel FAQs
  • Destinations
  • Diaspora Stories
  • Immigration
  • Exclusive
Follow US
© Foxiz News Network. Ruby Design Company. All Rights Reserved.
what is NRI protection bill? NRIs' remittance to India, NRIs investment in India, NRI news
News

What’s NRI Protection Bill that Indian Diaspora Urges Indian Government to Sign into Law for Their Assets in Home Country

Indian Eagle
03/23/2024
PC: IndianEag;e.com

In 2023, the Indian Police arrested five people involved in a most shocking incidence of forgery against NRIs. All the five accused, including a lawyer, had teamed up to forge the documents of an NRI’s land valued at Rs 40 crore. NRIs and OCIs, who live abroad most of the time in a calendar year, do often fall prey to such crimes as land encroachment, forgery, unauthorized money withdrawals…in India. Precisely, one out of every 3 NRIs is a victim of organized crime, according to the NRI Grievance Forum led by Indian American Subhas Balappanavar in San Francisco.

Indian Diaspora, at over 30 million, is not only the largest in the world but also more successful than any other immigrant community. Besides their substantial contribution to the economy of their country of residence, they play an important role in bolstering India’s foreign exchange reserves through investments, remittances and deposits. More than one-fourth of NRIs, OCIs and PIOs invest a significant portion of their overseas earnings in various sectors, including real estate, stocks, mutual funds and bonds, in India.

what is NRI protection bill? NRIs' remittance to India, NRIs investment in India, NRI news
PC: IndianEag;e.com

Some own ancestral properties in India, some others deposit their money in Indian bank accounts, and a large number of NRIs send money to their families and relatives back home. The total remittance inflow into India in 2023 accounts for $125 billion, which is higher than the net worth of the richest Indian billionaire Mukesh Ambani. Notably, India is the largest recipient of foreign remittances. A common concern of the overseas Indian community with active financial ties to their homeland is their susceptibility to fraud and deception.

Non-residents are an easy target for scamsters who indulge in criminal activities from property encroachment to signature forgery and illegal bank withdrawals. And seeking legal action is full of challenges for NRI victims. They are often plagued by jurisdictional complexities, lack of proper awareness and guidance, and lengthy legal proceedings often requiring NRIs to be physically present for extensive documentation, court appearances, etc.

The grim situation of NRIs who lose their hard-earned money to swindlers prompted the NRI Grievance Forum to advocate for the ‘NRI Protection Bill’ at every Indian embassy and consulate, marking one of the largest worldwide initiatives by NRIs. This month, Subhas Balappanavar and his team visited all 6 consular offices across the USA and petitioned them to protect NRI investments and assets in India. They had already emailed their concerns to the Prime Minister of India and also submitted the memorandum at Indian consulates in East Asia, Australia, Middle East, Europe and Canada.

The Forum urges the Indian Government to enact the NRI Investment Protection Bill and establish a centralized NRI Investigation Agency to address NRI grievances, digitize documentation processes, and provide timely resolution. Its other proposals include legal protection for property disputes, provisions for online FIR filing, online inquiry and documentation, 90-day timeframe for issue resolution, non-bailable warrants for accused parties, invalidation of counter FIR against NRIs, and prosecution of officers involved in false arrest of NRIs.

The NRI Protection Bill also advocates for a uniform tax structure for NRI taxation in India in terms of TDS etc. Swift repatriation of investments and online voting facility are other proposals of the bill. Assurance of safety and legal protection can go a long way in encouraging NRIs’ participation in the nation’s growth, reiterates Subhas Balappanavar.

TAGGED:News for NRIs
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Ad image

Find Us on Socials

Popular Posts

Balaji Srinivasan, Network School, Indian American entrepreneurs, Indian startup founders in USA, Tamil Indians in USA
Who is Indian American Balaji Srinivasan? An Entrepreneur who Buys an Island to Build a Startup Nation
News
Who is Varun Mohan, Windsurf CEO Varun Mohan, Google DeepMind Varun Mohan, Google Vs OpenAI - Varun Mohan
Who is Varun Mohan? Windsurf CEO who Rejected OpenAI’s $3bn Offer to Join Google for $2.4bn
News
DTW Destination Pass FAQs, Detroit airport visitor pass, Detroit Metro airport pass
DTW Airport Destination Pass: Know How You can Go Past TSA Security to See Off Your Family
Travel Tips
Middle East conflict impact US-India flights, international flights rerouting, Air India flights news
Here’s How Middle East Conflict Impacts Travel between USA and India: Flight Delays, Diversions, Cancelation
News
July 2025
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031  
« Jun    

More Such Stories for You

US Visa integrity fee for non-immigrants, US DHS news, US visa news for Indians
News

USA Brings Visa Integrity Fee for Nonimmigrants Including Indians: Check if $250 is Waivable or Refundable

5 Min Read
California Diwali State holiday, California to Declare Diwali a Public Holiday
News

California State Assembly Bill 268 to Make Diwali an Official Holiday for Its Largest Immigrant Community

3 Min Read
Trump News, US tourist visa news, $1000 fee for expedited US visa interviews, US visa premium processing fee
News

Trump Considers $1000 Fast-Track Fee for Non-immigrant US Visa Interviews: All You Need to Know

3 Min Read
US Visa Navigator Tool, US visa news, How to use US visa navigator
News

USA Launches Visa Navigator Tool: Applying for US Visa is Now Easier, Faster, Smarter

5 Min Read
Travel to India, Cheap Flights to India, Aviation News, India Travel Tips

Travel Beats is an Indian Community portal by IndianEagle, a leading travel organization for Indians in USA. Travel Beats celebrates the achievements of young Indians and publishes exclusive stories from the US and India. It also publishes the latest news about Indian Americans from different walks of life and lists upcoming Indian events in USA. It also shares updates from US-India airlines. To be precise, Travel Beats is a consistent effort by IndianEagle to bridge between Indians in America and India.

Resources

  • Contact Us
  • Privacy Policy
  • Indian Eagle
  • Share With Us

© 2025 IndianEagle LLC. All rights reserved.

    Designed and developed by Indianeagle  

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?