#Indian Investors

[amitkakkareasyvisa]

(Amit Kakkar Easy Visa Tips)

[priyashareindia9]

Defensive stocks are a prudent investment choice and provide stability and portfolio diversification. These stocks, offered by companies with a steady consumer demand, maintain their value even during market fluctuations. In this blog, we will discuss the relevance of defensive stocks to Indian investors and why they should consider them for their portfolios.

[icodesk]

Crypto Profits and Taxes: What Indian Investor Needs to Know | ICODesk

Decoding Crypto Profits: A Comprehensive Guide to Taxes for Indian Investors

The world of cryptocurrency investing offers exciting opportunities but comes with the responsibility of understanding and managing taxes. As an Indian investor, it is important to know the tax implications associated with crypto profits. In this guide, we explore what Indian investors need to know about the taxation of cryptocurrency gains and how to navigate this aspect in the rapidly evolving digital asset landscape. 

Understanding Crypto Profits:

Cryptocurrency profits are derived from a variety of uses, including trading, mining, and investing in initial coin offerings (ICOs). Tracking and documenting all transactions is essential to accurately calculate profitability.

Taxation of Cryptocurrency Gains in India:

The Indian government treats cryptocurrency as a taxable currency. Gains from crypto transactions fall under the category of capital gains. Short-term gain (STCG) applies if the holding period is less than 36 months, while long-term gain (LTCG) applies to deposits exceeding 36 months.

Classification of capital gains:

Short-term capital gains (STCG): taxable at the investor’s applicable income tax bracket.

Long-term gain (LTCG): 20% tax, plus indexation gain.

Tax implications for cryptocurrency traders:

Traders engaged in buying and selling conventional cryptocurrencies are considered to be engaged in trading activities. Profits from such businesses are treated as business income and are subject to ordinary income tax as a merchant.

Crypto Transaction Report:

Indian investors should proactively declare their cryptocurrency transactions during income tax filing. Platforms such as cryptocurrency exchanges and wallets can provide transaction history, which should be used for accurate reporting.

Goods and Services Tax (GST):

Currently, cryptocurrencies are not subject to GST in India. However, transactions involving crypto transactions, such as currency exchange, may attract GST.

Seeking Professional Advice:

Given the complexity of cryptocurrency taxes, seeking advice from a tax professional or chartered accountant who specializes in dealing with digital assets can help ensure compliance with Indian tax laws.

Educate yourself on legislative changes:

The legal process for cryptocurrencies is dynamic. Indian investors must be informed of any changes in legislation that may affect the taxation of crypto assets.

Record Keeping and Documentation:

Keep detailed records of all cryptocurrency transactions, including buying and selling dates, amounts, and prices. Maintaining proper records is critical for appropriate tax reporting.

Future Development and Compliance:

Check back regularly for updates on cryptocurrency regulations in India. Complying with tax laws and adapting exchanges ensures a smooth and legal crypto investment journey.

For more updates: Visit: https://icodesk.io/ 

[gazetteweekly]

Indian investors driving the surge - A dive into Dubai's booming real estate market

Dubai’s thriving real estate market offers a wide variety of properties, attracting Indians, who are increasingly investing in Dubai

Dubai’s thriving real estate market offers a wide variety of properties, attracting individuals from all over the world, including India, who are increasingly purchasing and investing in real estate in Dubai. Indians have consistently been among the top 3 nationalities to buy properties in Dubai, since 2004. Between 2015 to 2021 alone, India investors purchased real estate worth AED 83.62 billion in the city.

Aside from residential properties, Dubai is also home to significant commercial real estate projects, including office spaces, retail canters, and hospitality properties. The presence of free zones and various business-friendly policies has attracted international companies, thereby positively impacting the demand for rentals.

Real estate is one of the crucial drivers of the UAE economy, with the sector contributing to nearly 5.5% of the total GDP. As Dubai is experiencing a strong post covid recovery, so is its real estate market.

Dubai’s Economic Recovery

Dubai has seen a swift economic recovery post-Covid, largely driven by a boom in the property market, increased tourism, and inflows of foreign capital. The city has set large ambitions with a 10-year economic plan, known as D33, aiming to double the economy’s size and make Dubai one of the top four global financial centres within a decade. Further, government initiatives such as the golden visa have played a significant role in attracting foreign investment, talented individuals and boosting issuance of new business licences by over 50%.

The property market has been a strong player in Dubai’s economic recovery, with average property prices rising 12.8% in Q1 of this year and villa prices increasing by nearly 15%​​. Dubai was the world’s fourth busiest ultra-prime property market last year, with 219 home sales valued over $10 million​​.

As Dubai solidifies its position as a regional hub for finance and business, we are seeing a direct impact of this on the real estate market that is attracting investors and driving further development in the sector.

Dubai’s Real Estate Market

Dubai’s real estate market is expected to grow to over AED 300 billion by the end of the year. Unique Properties, a leading real estate agency in Dubai has stated that they see a strong surge in the sector for the second half of 2023. Data indicates that both the residential and commercial markets grew with significant margins in 2023, when compared to 2022. The residential market registered about AED 93 billion in sales in the first half of the year, which is a 46.7% jump from 2022, while the commercial sector experiences a 30% jump from 2022, to reach AED 2.86 billion in sales.

This notable growth in the real estate market can largely be attributed to the government initiatives that are attracting foreign investments and a strong recovery from the Covid-19 pandemic.

Dubai’s commercial real estate space is looking very promising, at a time when real estate advisors agree that it is important to invest in office spaces. JLL, a leading professional services firm specialising in real estate highlighted the wider impact of the future of work on the real estate sector at their ‘future for work’ event in Dubai. According to JLL’s Future of Work Survey, 77% of commercial real estate leaders agree that investing in high-quality office spaces will be a greater priority than expanding the total footprint of their developments. When it comes to the UAE, the country’s office sector has rapidly bounced back from the pandemic woes. According to the Demand Study conducted by JLL- for Grade A office spaces in Dubai, in the last two years, not only has the sector seen a resurgence in demand, but it also saw the first half of 2022, nearly matching pre-pandemic levels.

Real estate and tech

Dubai’s real estate sector recognises the importance of embracing innovation, leading to the emergence of prop-tech or property technology. These innovative technologies aim to streamline the processes associated with property deals and contribute to the continued growth of the market. Prop-tech solutions are further trying to increase the convenience of searching and purchasing real estate and ultimately enhancing market access by providing more accurate data about the market.

The UAE is already home to 55% of prop tech startups in the MENA region. “With Dubai’s ambitious plans to double the population by 2040 to 5.8 million people, further residential supply will be required to meet the growing demand,” said Rami Tabbara, co-founder at fractional real estate investment platform Stake. “Couple the growing market with a strong startup ecosystem, ease of business formation and low taxes, Dubai is ripe to be disrupted through proptech innovation.”

In just two years, we’ve enabled thousands of investors to buy AED 154 million worth of properties in Dubai and paid them over AED4.6 million in rental income” Tabbara said.

Indian Demand for Dubai’s real estate

According to data from the Dubai Land Department (DLD), Indian’s have been the dominant force in Dubai’s property market over the last decade. In 2022, Indian’s emerged as top home buyers in Dubai, with purchases worth Rs 35 thousand crores, according to the recent reports. Indian’s have spent almost twice the money on buying residential properties in the city over the last 2 years, with the average price of houses bought by Indians ranging from Rs. 3.6 to 3.8 crores. This trend is largely driven by businesspeople and active investors.

The high rental yields is one of the main factors that is attracting Indian investors to Dubai. Real estate investors can expect a return on investment of about 5–7% in rental yield, which has remained stable over the past few years. For many investors Dubai offers better rates than large Indian cities like Mumbai and Delhi. However, there are a number of factors that make Dubai an attractive spot for Indian investors, besides the rental yields.

Dubai is strategically located between Asia, Europe, and Africa, making it an ideal hub for international trade and commerce. This is a major push for Indian investors and business owners who are looking to expand their operations into new markets.

Dubai’s stable political climate and business-friendly environment have helped in creating a secure environment for Indian investors to safeguard their investments. Further, the government has also supported foreign investments and several implemented measures to make the city more attractive to investors.

Dubai’s strong and growing economy presents numerous opportunities for investors from India who seek to capitalise on the region’s growth potential. With no income or capital gains taxes, Dubai positions itself as an attractive destination especially for Indian’s who may have to pay significant taxes back home.

Dubai is renowned for providing its residents with a great quality of life. The city offers world class infrastructure, top notch residential and commercial properties, business and shopping centres, and a safe environment making it an ideal place for people to live. The large expat community in Dubai, including the substantial Indian population contributes to a sense of familiarity and comfort for Indian investors and residents.

Above all, due to the diversification strategies of Dubai, a thriving real estate market has been created, and this market is only expected to grow, and Indian investors do not want to miss out on the opportunities presented by this dynamic market.

The future

The demand for Dubai’s real estate market is only expected to grow in the years to come, with Indian investors playing a pivotal role in its growth. Some of the key drivers for this optimistic outlook are the tech boom with a growing amount of support for startups, which is transforming Dubai into a global hub for innovation. Additionally, government support with significant infrastructure projects such as the extension of the metro’s red line and the upgrading of roads and bridges, will only continue to stimulate economic growth, create more business opportunities, and attract more investments.

[wonindia]

What is CANSLIM method in Indian stock market?

The CANSLIM method is a popular stock selection strategy developed by William O'Neil, founder of Investor's Business Daily. This method is widely applied in global markets, including India, to identify high-growth stocks with strong potential for long-term gains. CANSLIM is an acronym that represents seven key criteria used to evaluate stocks. Here’s a breakdown of the method as it applies to the Indian stock market:

C - Current Earnings Growth:

Look for companies with a high quarterly earnings growth rate (usually above 25% year-over-year) as a sign of financial strength. In India, strong earnings growth can indicate resilience in a company amid fluctuating economic conditions.

A - Annual Earnings Growth:

Annual earnings should ideally grow by at least 25% over the last three to five years. This long-term growth indicates consistency and helps differentiate solid companies from those with temporary gains.

N - New Product, Service, or Management:

Companies launching innovative products or services, entering new markets, or led by effective management often outperform. In India, sectors like technology, finance, and consumer goods regularly see innovation, making them ideal for CANSLIM.

S - Supply and Demand:

Stocks with lower supply (fewer shares available) and high demand typically have higher potential for price increases. In India, high promoter stakes and low float can create such conditions, particularly in niche companies or emerging sectors.

L - Leader or Laggard:

Choose sector leaders over laggards, as they usually have strong financials, established market share, and brand recognition. Investors in the Indian market may favor blue-chip stocks or leaders within specific sectors.

I - Institutional Sponsorship:

Institutional investment in a company is often a positive sign, reflecting the confidence of large investors. In India, stocks with backing from mutual funds, insurance companies, or foreign institutional investors (FIIs) tend to be more stable.

M - Market Direction:

Invest when the overall market is trending upwards. In India, tracking major indices like the NIFTY 50 or SENSEX can indicate market health. The CANSLIM approach emphasizes that it's better to avoid investments during a bear market phase.

CANSLIM in Practice

The CANSLIM approach is more suited to growth stocks rather than value stocks. Investors in India using this strategy often focus on mid-cap and large-cap stocks with a high growth potential, such as those in sectors like IT, financials, and consumer goods, which have demonstrated strong earnings potential. It requires technical and fundamental analysis, making it ideal for investors willing to stay engaged with market trends.

[foxnangelseo]

FDI in India: Unleashing Growth Potential in 2024

Introduction

Foreign Direct Investment (FDI) has been a cornerstone of India's economic growth, driving industrial development, technological advancement, and job creation. As we move into 2024, the FDI landscape in India is poised for substantial growth, bolstered by a favorable policy environment, a burgeoning consumer market, and strategic government initiatives. This blog delves into the potential of FDI in India for 2024, examining the key sectors attracting investment, the regulatory framework, and the strategies investors can employ to navigate this dynamic market.

The Significance of FDI in India

FDI is crucial for India’s economic progress, providing the capital, technology, and expertise needed to enhance productivity and competitiveness. It facilitates the integration of India into the global economy, stimulates innovation, and creates employment opportunities. Over the past decade, India has emerged as one of the top destinations for FDI, reflecting its economic resilience and strategic importance.

Historical Context and Recent Trends

India's FDI inflows have shown a consistent upward trend, reaching record levels in recent years. According to the Department for Promotion of Industry and Internal Trade (DPIIT), India attracted FDI inflows worth $81.72 billion in 2021-22, highlighting its strong appeal among global investors. The sectors that have traditionally attracted significant FDI include services, telecommunications, computer software and hardware, trading, construction, and automobiles.

Key Factors Driving FDI in India

1. Economic Growth and Market Size

India's economy is one of the fastest-growing in the world, with a projected GDP growth rate of around 6-7% in 2024. The country’s large and youthful population offers a vast consumer base, making it an attractive market for foreign investors. The rising middle class and increasing disposable incomes further fuel demand across various sectors.

2. Strategic Government Initiatives

The Indian government has implemented several initiatives to make the country more investor-friendly. Programs like 'Make in India,' 'Digital India,' and 'Startup India' are designed to boost manufacturing, digital infrastructure, and entrepreneurial ventures. These initiatives, coupled with reforms in labor laws and ease of doing business, create a conducive environment for FDI.

3. Infrastructure Development

Significant investments in infrastructure development, including roads, railways, ports, and urban infrastructure, enhance connectivity and logistics efficiency. The development of industrial corridors and smart cities further improves the attractiveness of India as an investment destination.

4. Favorable Regulatory Environment

India has progressively liberalized its FDI policy, allowing 100% FDI in most sectors under the automatic route. This means that foreign investors do not require prior government approval, simplifying the investment process. The government has also streamlined regulatory procedures and improved transparency to facilitate ease of doing business.

Key Sectors Attracting FDI in 2024

1. Technology and Digital Economy

The technology sector continues to be a magnet for FDI, driven by India’s growing digital ecosystem, skilled workforce, and innovation capabilities. Investments in software development, IT services, and emerging technologies like artificial intelligence, blockchain, and cybersecurity are expected to surge.

2. Manufacturing and Industrial Production

The 'Make in India' initiative aims to transform India into a global manufacturing hub. Key sectors attracting FDI include electronics, automobiles, pharmaceuticals, and renewable energy. The Production-Linked Incentive (PLI) schemes introduced by the government provide financial incentives to boost manufacturing and attract foreign investment.

3. Healthcare and Biotechnology

The COVID-19 pandemic has underscored the importance of healthcare infrastructure and innovation. India’s pharmaceutical industry, known for its generic drug production, continues to attract substantial FDI. Additionally, biotechnology and medical devices are emerging as significant sectors for investment.

4. Infrastructure and Real Estate

Infrastructure development is critical for sustaining economic growth. Sectors like transportation, logistics, urban development, and real estate offer significant investment opportunities. The government's focus on developing smart cities and industrial corridors presents lucrative prospects for foreign investors.

5. Renewable Energy

With a commitment to achieving net-zero emissions by 2070, India is focusing on renewable energy sources. The solar, wind, and hydroelectric power sectors are witnessing substantial investments. The government's policies and incentives for green energy projects make this a promising area for FDI.

Regulatory Framework for FDI in India

Understanding the regulatory framework is essential for investors looking to enter the Indian market. The key aspects of India's FDI policy include:

1. FDI Policy and Routes

FDI in India can be routed through the automatic route or the government route. Under the automatic route, no prior approval is required, and investments can be made directly. Under the government route, prior approval from the concerned ministries or departments is necessary. The sectors open to 100% FDI under the automatic route include:

- Infrastructure

- E-commerce

- IT and BPM (Business Process Management)

- Renewable Energy

2. Sectoral Caps and Conditions

While many sectors allow 100% FDI, some have sectoral caps and conditions. For example:

- Defense: Up to 74% FDI under the automatic route, and beyond 74% under the government route in certain cases.

- Telecommunications: Up to 100% FDI allowed, with up to 49% under the automatic route and beyond that through the government route.

- Insurance: Up to 74% FDI under the automatic route.

3. Regulatory Authorities

Several regulatory authorities oversee FDI in India, ensuring compliance with laws and policies. These include:

- Reserve Bank of India (RBI): Oversees foreign exchange regulations.

- Securities and Exchange Board of India (SEBI): Regulates investments in capital markets.

- Department for Promotion of Industry and Internal Trade (DPIIT): Formulates and monitors FDI policies.

4. Compliance and Reporting Requirements

Investors must comply with various reporting requirements, including:

- Filing of FDI-related returns: Periodic filings to RBI and other regulatory bodies.

- Adherence to sector-specific regulations: Compliance with industry-specific norms and guidelines.

- Corporate Governance Standards: Ensuring adherence to governance standards as per the Companies Act, 2013.

Strategies for Navigating the FDI Landscape

1. Thorough Market Research

Conducting comprehensive market research is crucial for understanding the competitive landscape, consumer behavior, and regulatory environment. Investors should analyze market trends, identify potential risks, and evaluate the long-term viability of their investment.

2. Partnering with Local Entities

Collaborating with local businesses can provide valuable insights into the market and help navigate regulatory complexities. Joint ventures and strategic alliances with Indian companies can facilitate market entry and expansion.

3. Leveraging Government Initiatives

Tapping into government initiatives like 'Make in India' and PLI schemes can provide financial incentives and support for setting up manufacturing units and other projects. Staying updated on policy changes and leveraging these initiatives can enhance investment returns.

4. Ensuring Legal and Regulatory Compliance

Compliance with local laws and regulations is paramount. Engaging legal and financial advisors with expertise in Indian regulations can ensure that all legal requirements are met. This includes obtaining necessary approvals, adhering to reporting norms, and maintaining corporate governance standards.

5. Focusing on Sustainable Investments

Given the global emphasis on sustainability, investments in green technologies and sustainable practices can offer long-term benefits. The Indian government’s focus on renewable energy and sustainable development provides ample opportunities for environmentally conscious investments.

Conclusion

India's FDI landscape in 2024 is ripe with opportunities across various sectors, driven by robust economic growth, strategic government initiatives, and a favorable regulatory environment. However, navigating this dynamic market requires a deep understanding of the legal and regulatory framework, thorough market research, and strategic partnerships.

For investors looking to unleash the growth potential of their investments in India, staying informed about policy changes, leveraging government incentives, and ensuring compliance with local laws are critical. By adopting a strategic approach and focusing on sustainable investments, foreign investors can tap into the immense opportunities offered by the Indian market and contribute to its economic transformation.

In conclusion, FDI in India in 2024 presents a compelling opportunity for global investors. With the right strategies and guidance, investors can navigate the complexities of the Indian market and achieve significant growth and success.

This post was originally published on: Foxnangel

[gehisimmigrationservice]

What is the difference between Q1 and J1 visa?

For those looking to travel to the US for temporary employment or cultural exchange, there are two different routes available: the Q1 and J1 visas. These visa categories have distinct functions and have particular qualifying requirements and conditions, even though they all aim to promote international engagement.

This short article seeks to clarify the salient features of the Q1 and J1 visas, highlighting the significance of comprehending their distinctions for people dealing with the complicated subject matter of U.S. immigration. A thorough understanding of the differences between the Q1 and J1 visas is crucial for anyone considering taking part in cultural exchange programs or seeking temporary employment assignments.

This will help you make well-informed decisions and successfully travel to the United States.

What Is Q1 Visa?

The Q1 visa is a specialized category designed to facilitate international cultural exchange programs within the United States. This unique visa classification is intended to promote the interchange of cultures, allowing individuals to share their traditions, history, and skills with American communities.

The primary purpose of the Q1 visa is to foster cultural exchange between individuals from different parts of the world and the United States. This encompasses a wide range of programs that showcase the unique attributes of a participant’s culture, including but not limited to traditional performances, exhibitions, and demonstrations. Participants engage with American communities, fostering a deeper understanding and appreciation of diverse global cultures.

What is The Eligibility Criteria for Q1 Visa Applicants?

To qualify for a Q1 visa, applicants must meet specific eligibility criteria set by U.S. Citizenship and Immigration Services (USCIS).

Applicants must possess skills and expertise in a particular cultural field, allowing them to share their knowledge during the cultural exchange program.

U.S. employers must sponsor participants recognized as qualified to conduct cultural exchange programs.

What are the Duration and Extensions for Q1 Visa Holders?

The Q1 visa is granted for an initial period to cover the duration of the specific cultural exchange program. The program’s timeline determines the initial period. Subject to approval, extensions may allow participants to continue their cultural exchange activities. However, participants should be mindful of the program’s limitations and the need for extensions to align with the original objectives.

What is a J1 Visa?

The J1 visa program is a diverse and expansive initiative designed to promote cultural exchange, education, and training between the United States and individuals from around the world. Administered by the U.S. Department of State, the J1 visa program encompasses various categories tailored to specific objectives and participant profiles.

The J1 visa program includes a spectrum of categories to accommodate diverse participants. Notable categories include, but are not limited to:

Au Pair: For individuals providing in-home childcare while experiencing American culture.

Intern: Targeted at individuals seeking practical experience in their field of study or profession.

Research Scholar: Designed for researchers, professors, and individuals engaging in scholarly activities.

Promoting cultural exchange, facilitating educational experiences, and providing training opportunities are central to the J1 visa program. It is suggested that participants fully integrate into American society, sharing aspects of their own cultures and learning about the many dimensions of American society. This cross-cultural interaction promotes understanding and cooperation, catalyzing professional and personal growth.

What are The Eligibility Criteria for J1 Visa Applicants?

To be eligible for a J1 visa, applicants must meet specific U.S. Department of State criteria. Common eligibility requirements include:

An approved program sponsor or institution must sponsor participants.

Applicants must demonstrate that their primary purpose is to engage in cultural exchange, education, or training.

Depending on the program, participants may need to demonstrate English language proficiency.

What are The Duration and Extensions for J1 Visa Holders?

The duration of a J1 visa varies based on the specific category and program. Some programs may last a few weeks, while others extend for several years. Extensions are possible in certain cases, typically requiring approval from the program sponsor and compliance with program guidelines.

What are The Key Differences Between Q1 and J1 Visas?

The Q1 visa is specifically designed for individuals participating in international cultural exchange programs. Participants showcase their cultural expertise, traditions, and skills, fostering mutual understanding between their home countries and the U.S. The primary focus is on cultural enrichment rather than employment.

The J1 visa, while promoting cultural exchange, spans various categories, including Au Pair, Intern, and Research Scholar, each tailored to different purposes. It accommodates a broader range of activities, including educational programs, practical training, and collaborative research, extending beyond the scope of cultural exchange alone.

Typically, cultural exchange programs under the Q1 visa are organized by qualified employers, such as cultural institutions or organizations promoting international understanding.

The application process involves employer sponsorship and collaboration with the U.S. Citizenship and Immigration Services (USCIS).

The J1 visa program involves diverse sponsors, including educational institutions, research organizations, and designated program sponsors approved by the U.S. Department of State.

Application processes vary based on the specific J1 category and the sponsoring organization.

For Q1 Visa Participants are expected to maintain a non-immigrant intent, emphasizing their commitment to the cultural exchange program rather than permanent residency.

Limited dual intent, restricting immediate plans for permanent residency.

The J1 visa may be subject to the two-year home-country physical presence requirement, obligating participants to return to their home country for at least two years before pursuing certain U.S. immigration benefits.

The Q1 or J1 visa category offers significant opportunities for professional development, education, and cultural enrichment during travel to the United States. By understanding the subtle differences between these visas and getting professional guidance, people can set out on a journey that satisfies their goals and adds to the rich fabric of cross-border exchange in the US.

[poliphoon]

Will Adani be second time lucky?

It isn’t the first time that Indian billionaire Gautam Adani is facing the US music. Earlier, the accuser was US short-seller Hindenburg Research. Now, it is New York federal prosecutors. The Adani Group chairman, the second richest man in India, has been indicted by them in New York on November 20th. The charges are serious – bribery and brazen lies, securities and wire frauds, misleading US…

[sharemarketinsider]

SEBI’s SME IPO Reforms: Game-Changer for Investors and Markets

🚀 How will SEBI’s new SME IPO reforms reshape the market? From stricter corporate governance to doubling application sizes, these changes aim to protect investors and enhance transparency. Dive into the key shifts and their long-term impact!

👉 Read More

#SEBI #SMEIPO #StockMarket #Investing

[monukumarefr]

TRANSFER OF IMMOVABLE PROPERTY IN INDIA BY NON RESIDENTS INDIAN (NRI) AND FOREIGN NATIONALS

The payment for acquisition or purchase of property can be made out of funds received in India through banking channels by way of inward remittance from any place outside India or funds held in any Non-Resident Rupee (NRE)/ Non Resident Ordinary Rupee (NRO)/ Foreign Currency Non-Repatriable (FCNR-B) maintained in accordance with provisions of the Foreign Exchange Management Act, 1999 and the regulations made by Reserve Bank of India from time to time. No payments can be made in the form of a cheque or foreign currency notes or any other mode except those which are specifically mentioned in the Foreign Exchange Management Act, 1999.

[npzlawyersforimmigration]

Join us on YouTube for US and Canada Immigration Updates anticipated for the Trump 2.0 Era from iTV Gold and Nachman Phulwani Zimovcak Law Group, P.C. - Immigration and Nationality Law

Strap yourselves in for what promises to be a wild ride …

Here is a YouTube link:

https://youtube.com/live/oQuqlF0CnuI?feature=share

[rincewindsapprentice]

This is so baffling to me because a) the East India Company was in fact fully dissolved from 1874-2005, so the timeskip makes sense, but b) why would anyone want to revive the East India Company?

Looking over the "Stories" and "Histories" section they have on there, it is somehow both a sanitized history and an honest history at the same time? Like it mentions that the EIC violated Chinese sovereignty and illegally sold opium, that the EIC's policies in Bengal led to millions of deaths via famine and exploitation, but at the same time is still triumphalist about the company itself?

It'd be like Exxon having a full page in their history about the Exxon-Valdez oil spill while simultaneously glorifying its founders as rough-and-ready entrepreneurs.

The other baffling thing about this is the fact that the British crown has, in fact, hired this necromancied EIC to mint commemorative coins and is now a "luxury lifestyle brand" with a shops in London and Cyprus.

The final baffling thing is that the EIC itself wasn't even popular during its heydey. People constantly hated on it and British politicians from the 18th to the 19th century were looking for any excuse to shut it down (hence the impeachment of Warren Hastings, the seizure of its monopolies, and it ultimately being dissolved after 1857-58).

Again, why would anyone want to revive it

every so often I remember that the East India Company is back