{"id":33584,"date":"2024-03-23T05:57:56","date_gmt":"2024-03-23T10:57:56","guid":{"rendered":"https:\/\/www.indianeagle.com\/travelbeats\/?p=33584"},"modified":"2024-03-23T06:37:06","modified_gmt":"2024-03-23T11:37:06","slug":"nri-investment-protection-bill","status":"publish","type":"post","link":"https:\/\/www.indianeagle.com\/travelbeats\/nri-investment-protection-bill\/","title":{"rendered":"What’s NRI Protection Bill that Indian Diaspora Urges Indian Government to Sign into Law for Their Assets in Home Country"},"content":{"rendered":"
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\u2019s 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\u2026in 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.<\/p><\/blockquote>\n
Indian Diaspora, at over 30 million, is not only the largest in the world but also more successful than any other immigrant community<\/strong>. Besides their substantial contribution to the economy of their country of residence, they play an important role in bolstering India\u2019s 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.<\/p>\n