August 6th, 2010 
Malvika
Finance is just like a gun. Politics is knowledge when to pull the trigger. Finance is critical. If sufficient investment is made in infrastructure and venture capital is made available, there will be a big improvement in the situation.
Indian Government has launched many schemes for the NRI’s. They have been making many attempts to furnish many important features applicable to Non Resident Indians. Even the life insurance corporation are launching various plans by clearing the plans for the insurance policy, identifying the proper type of the policy etc. It also provides the financial protection to the family of NRI’s. NRI’s are allowed the insurance on their visit to India where all the formalities are completed whilst their stay. They will all get these chances of opportunities if and only if they will satisfy all the terms and conditions of their residence in India. NRI’s may also obtain insurance cover under the Non Medical (Special) Scheme which is subjected to some of the restrictions, that the person should be maximum of 45 years of age, applicable if insurance is obtained through mail order business, should be working under reputed firm or as a professional such as doctor, lawyer or engineer etc.
A Non Resident Indian may also purchase shares or convertible debentures of an Indian company on a stock exchange under Portfolio Investment Scheme. Many bank services help the NRI to open the bank accounts with any branches in India and getting the benefits with higher rates of interest. Different types of account that NRI can share are:
- Non Resident (External) Rupee Accounts (NRE Accounts).
- Ordinary Non Resident Rupee Accounts (NRO Accounts).
- Non Reportable Rupee Deposits Accounts.
- Foreign Currency Accounts.
They can also invest in the immovable properties in India. Various agencies are now looking for the various schemes for the NRI corner.
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