All that you need to know
On the occasion of the Tenth Pravasi Bhartiya Divas Convention 2012, the Overseas Indian Facilitation Centre (OIFC) took the initiative to bring out a publication, ‘Returning Indians - All that you need to know’ which illustrates the policies, procedures, case studies and the opportunity areas of investments into India from the perspective of Returning Indians. Deloitte Touche Tohmatsu India Pvt. Ltd., was OIFCs knowledge partner, for this publication.
The publication has been divided into four broad heads for simplicity and convenience.
The first part serves as a general introduction and focuses on the scope and coverage of the publication along with definitions for NRI, OCI and a comparative analysis of the same.
The second section is sub-divided into two broad chapters. The first chapter is an overview of the Indian landscape which includes lifestyle, investment avenues, taxation and banking systems. The second chapter in the second section focuses on rules specific to NRIs/PIOs. A significant and often common area of concern relates to the social security system in India. The US, UK and many European nations, for example, have very developed social security systems in place and Indians typically have queries about the corresponding system, rules and regulations here. These have been explained and examined in this chapter.
Finally made the decision to come back to India?” The third section gives a preview of the significant steps that need to be taken before you can travel to India. This section will cater to your requirements once you have decided to return to India and zeroed in on your destination city. If you have spent considerable time overseas, you may have trailing issues relating to tax and social security even after you return to India. This section analyses possible issues that you may face together with detailed illustrations.
The fourth and last major section of the publication is a brief narrative of the schemes and measures undertaken by the Central and OIFC partner State Governments for the welfare and growth of the overseas Indian community.
We hope that you will find all the information given useful and insightful.
Hon’ble Prime Minister of India releasing the OIFC-Deloitte publication
(L-to-R) Mr B Muthuraman, President, CII; Shri Ashok Gehlot, Hon'ble Chief Minister of Rajasthan; Ms Kamla Persad-Bissessar, Hon’ble Prime Minister of the Republic of Trinidad and Tobago; Dr Manmohan Singh, Hon’ble Prime Minister of India; Shri Vayalar Ravi, Hon’ble Minister of Overseas Indian Affairs; Shri Shivraj V Patil, Governor of Punjab and Rajasthan.