Fatca doesn’t prohibit NRIs from investing in mutual funds in India

Photo: iStock I am an NRI and have been told that I can’t invest in mutual funds in India because of Foreign Account Tax Compliance Act (Fatca). Is that true? If yes, what is the next best option for me to invest in? —Abhay Gupta Ever since Fatca has been enforced, financial institutions outside the US have become increasingly reluctant to deal with US entities. This has also led many people to think that Fatca prohibits any transaction between US entities and non-US financial institutions. But Fatca does not prohibit NRIs from…

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Bitcoin Investment Doesn’t Have to Be Complicated? See These 4 Benefits

When the co-founder of PayPal gives an endorsement, investors take notice. Bitcoin started out as an investment in which most people struggled to understand the mechanics and value. At its inception, the cryptocurrency’s only investors were technophiles ready to try out something revolutionary. Less than a decade later, Bitcoin has made huge strides in the investment universe and its value has soared to incredible heights. A $1,000 investment in Bitcoin in 2011 would be worth over $15,000,000 today — and it shows no sign of slowing down. In 2017 alone, Bitcoin has grown over…

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Syria’s Assad doesn’t see ceasefire possible within a week

Syria’s President Bashar al-Assad speaks during an interview with Venezuelan state television TeleSUR in Damascus, in this handout photograph distributed by Syria’s national news agency SANA on September 26, 2013. REUTERS/SANA/HANDOUT VIA REUTERS Syrian President Bashar al-Assad said on Monday any ceasefire did not mean each side had to stop using weapons, and nobody was capable of securing the conditions for one within a week. “Regarding a ceasefire, a halt to operations, if it happened, it doesn’t mean that each party will stop using weapons,” Assad said in Damascus in…

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