NRIs Do not invest in India because of bureaucratic hurdles.Yes or No? write an essay
Answers
Recently India celebrated its 15th Pravasi Bhartiya Diwas from 21st January to 23rd January.
India every year celebrates its Pravasi Bhartiya Diwas on 9th January to commemorate return of its most iconic Pravasi M.K. Gandhi from Africa on 9th Jan 1915.
India would be celebrating Mahatma Gandhi’s 150th birth anniversary in the year 2019.
Indian Diaspora
The Diaspora encompasses a group of people who can either trace their origins to India or who are Indian citizens living abroad, either temporarily or permanently.
It includes Non-Resident Indians (NRIs), Persons of Indian Origin (PIOs) and Overseas Citizens of India (OCI).
PIO and OCI card holders were merged under OCI category in 2015.
Overseas Citizen of India
A person with OCI status is not an Indian citizen. The person does not have voting rights in India, nor can contest elections or hold any constitutional office.
An Overseas Citizen of India is however entitled to some benefits such as a multiple-entry, multi-purpose life-long visa to visit India.
They are exempted from police reporting for any length of stay in the country.
They are also granted all rights in parity with NRIs except, the right to acquisition of agricultural or plantation properties.
Non-Resident Indian
An Indian citizen who is ordinarily residing outside India and holds an Indian Passport.
A person is considered NRI if She is not in India for 182 days or more during the financial year Or;
If he/she is in India for less than 365 days during the 4 years preceding that year and less than 60 days in that year.
Indian example of large scale migration began during the British rule as indentured labourers to former colonies like Fiji, Kenya and Malaysia (also known as Girmitiya people).
Khalist