Some festivals and events are culturally augmented, colorful, and lively and give an opportunity for families to get together and make merry. While there are also some festivals who satisfy the adrenaline junkie in everyone and Hot Air Balloon Festival of Karnataka is one such adventurous festival. The festival is a four-day event that takes place at the end of December and may extend to January and is organized by Karnataka Tourism Department. It is held in three cities of Karnataka simultaneously–Bidar and Mysore, and Hampi. This delightful hot air balloon ride not only gives a bird’s eye view of heritage structures of Mysore as well as the historically significant village of Hampibut also sails through the jungles of Karnataka, amidst the rich natural beauty with the backdrop of the vermillion setting sun. The event also includes demonstrations, competitions and other activities like paragliding, flying fix, bungee jumping! The cool weather and pleasant atmosphere make this a great time to enjoy a ride in the balloons as you float through the clouds on a vibrant looking balloon bid adieu to the last month of the year!
The Foreign Exchange Management Act (FEMA) is a law enacted by the Government of India in 1999 to control the flow of foreign currency across Indian borders.FEMA aims to facilitate external trade and their payments in India, a systematic improvement and continuation of foreign exchange in the Indian market.It’s important for Indians working abroad to understand FEMA rules for NRIs very carefully since it can affect the way they can send and receive funds from India.Let’s look at five FEMA Regulations for NRIs: 1. Maintaining a Bank Account You need to operate bank accounts that are specifically designated for NRIs. FEMA rules for NRIs do not allow holding a savings bank account. There are 3 major types of accounts as stipulated by the Reserve Bank of India (RBI)that you can open: - NRO account - If you want to send money earned abroad back to India. - NRE account - For repatriable or moveable assets like securities and cas...
Comments
Post a Comment