4 months ago
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As portion of proposals for the concern assemblage nether the Union Budget 2026, Union Finance Minister Nirmala Sitharaman connected Sunday (February 1, 2026) announced that idiosyncratic persons residing extracurricular India (PROI) volition beryllium permitted equity investments successful listed Indian companies done a portfolio concern scheme.
She besides projected that concern bounds for PROIs volition beryllium accrued from 5% to 10%.
Ms. Sitharaman is presenting her ninth Budget successful the Parliament today (February 1, 2026). This is the archetypal clip successful the past of India that the Union Budget is being presented connected a Sunday.
The concern curate besides projected making model with suitable entree to funds and derivatives connected firm enslaved indices. The authorities volition proceed to absorption connected processing infrastructure successful cities with implicit 5 lakh population, she added.
There are astir 35.4 cardinal Overseas Indians (people of Indian origin); 15.8 cardinal of them are Indian citizens, and 19.6 cardinal are persons of Indian origin.
Under the Representation of the People (Amendment) Act, 2010, Indian citizens surviving overseas tin enrol and workout their franchise successful their spot of residence successful India arsenic mentioned successful their passport.
