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Showing posts from May, 2019

How NRIs Can Open NPS Account Online

National Pension System (NPS) is a government-sponsored pension scheme. The scheme allows a person to contribute regularly to a pension account during their working life. On retirement, the person can withdraw a part of the corpus in a lump sum and use the remaining corpus to buy an annuity to secure a regular income after retirement. NRIs can also invest in the NPS, under the Foreign Exchange Management Act. NPS will allow NRIs to invest in a mix of equities and debt and save for their retirement and it can be done online too. Here's how an NRI can open NPS account online: 1. Eligibility NRIs aged between 18 and 60 years can open NPS account. NRIs need to have a PAN card along with a bank account in an NPS empaneled bank for KYC verification online. 2. Websites An NRI needs to visit the PFRDA NPS Trust website https://enps.nsdl.com/eNPS/NationalPensionSystem.html—and choose eNPS. Next, he should click on Registration and then on New Registration to begin the process. 3...

Delhi’s Waste to Wonder Park

Ever wondered what it would be like seeing the 7 wonders of the world at one place? Impossible right? But what if it’s possible and that too in the National capital, Delhi! Inaugurated on 21st February 2019 by Union Home Minister Rajnath Singh, the Waste to Wonder Park features the miniature replicas of seven iconic monuments from across the world. The Waste to Wonder Park is spread across 6 acres of land at the Rajiv Gandhi Smriti Van near Sarai Kale Khan ISBT, Delhi. But that’s not what makes this theme park special— the park features replicas of the Taj Mahal, Eiffel Tower, Statue of Liberty, Great Pyramid of Giza, Leaning Tower of Pisa, Christ the Redeemer, and Rome’s Colosseum— all created from around 150 tons of scrap, including 90 tons of industrial waste and waste automobile parts. The waste has been collected by SDMC and been put together in 180 days and over 100 artists, welders, and helpers, and five artists — Rakesh Rana, Anuj Poddar, Pijush Kanti Patra, Sandip Pisalkar a...

India Liberalizes E-Visa Regime to Boost Tourism

Launched in September 2014 e-Visa was aimed at making the process of getting an Indian visa easier, and to bring more business people and medical tourists into the country. The Indian e-Visa is an electronic authorization to travel to India for business, tourism, or medical visits. When applying for an e-Visa, it is not necessary to submit your passport or other personal documents to the consulate. Everything will be done online. E-Visa approval will be issued in advance electronically before a tourist departure to India. At the immigration checkpoint, the actual visa will be placed inside a user’s passport. The Government on 15th February 2019 has moved to further liberalize the e-Visa procedure. According to the statement by Tourism Ministry, there are some modifications to the previous guidelines that include increasing the number of countries where e-Visa was applicable from 46 countries to 166 countries and other series of amendments in the e-Visa regime ...