Full Form of NRI : Non-Resident Indian
NRI Full Form is Non-Resident Indian. An NRI is an Indian citizen with a valid Indian passport and has immigrated to another country for a minimum period of 6 months or more. The reason for living there maybe education, employment or any other reason.
To be clearer, the term NRI is applied due to reasons such as currency management laws, taxes and investments in India. According to Section 6 of the Income Tax Act of 1961, there is a difference in the tax calculation for an NRI and a normal person. Under this law, a resident of India must stay for a continuous minimum period of 182 days a year, consecutively for four years.
NRI Full Form – Additional Information
For the subject of our discussion, we have non-resident Indians as our subject. We will have a detailed discussion on the topic and understand what and everyone is involved in this category of Indian citizenship. This common word has many facets, which only a few people understand, and therefore this article will try to highlight those important facets in a simplified way. Before we begin with more in-depth aspects of non-resident Indians, we will begin with a brief introduction.
Introduction to the NRI Full Form
Non-resident of India, who is a citizen of India but also known by its popular abbreviation NRI. It refers to an Indian citizen who has a passport but has migrated to a foreign country temporarily. Emigration is generally for a period of six months or more and is generally for purposes of residence, work commitments, education, and other purposes. NRI is very different from a person of Indian origin, which is also known as PIO.
In the latter, the person is not a citizen of India although he enjoys an ancestral or Indian connection in the country. There may be cases where a PIO was originally a citizen of India but has eventually become a citizen of a foreign country. There are many other terms that are used to define or refer to this category of people, such as expatriate Indians or sometimes Indians abroad. These terms are used interchangeably for NRI and PIO. The United Nations Department of Economic and Social Affairs states that India has the largest diaspora population in the world.
Regarding the legal definition of our NRI subject, Section 6 of the Income Tax Act of 1961 makes a reference to NRI but as the tax status of any person, who does not reside in the country for a period of prescribed stipulated time. in the act. This is because the income tax rates imposed on an NRI are different from those of a resident of India. Now that we’ve briefly discussed the introductory aspect of the topic, let’s move on to the next segment that sheds light on the history of the NRI.
History behind NRI
We have reached one of the most important aspects of NRI. The story will guide you through different events that have shaped the concept of NRI and its status in the country. In this segment, we will have a proper discussion about this. In the early periods of emigration, most went to Southeast Asia. This is often attributed to King Ashoka of the Mauryan dynasty, who had to send delegations to different parts of the continent to spread Buddhism. NRI ka full form.
However, prior to this, their annexation of Kalinga forced many to emigrate to that region. This resulted in the rise of several “Indian” empires in that region. Even today, the influence of Indian culture is strongly felt, for example, in Thailand, there are real Brahmins, etc. During the 16th century period, many Indian merchants migrated to Arabia and Central Asia and remained active there for centuries. In Tsardom of Russia, Astrakhan was the first place where an Indian merchant colony was founded in the early 1610s. Many historical texts mention the presence of Indian merchants in Moscow and St. Petersburg.
In the west, the Roma, also known as Gypsies, are supposedly people with origins in the Indian subcontinent. They are said to have emigrated in the 11th century and are said to have come from Rajasthan. In the modern age and until the demise of the British era, a significant migration was the working poor to various other British colonies. Some of the destinations they used to ship to were Suriname, Mauritius, East Africa, Trinidad and Tobago, Guyana, South Africa, etc. Sindhi and Gujarati traders are believed to have settled in Oman, Aden, South Africa, Bahrain etc.
After independence, there has been an increase in the emigration of the intellectual class. Indians have migrated to the United States for professional purposes, particularly after the rise of the information technology boom. The number of Indian students studying abroad is second only to that of China. Therefore, the Indian presence is strongly felt throughout the world. Now we will move on with a discussion about some of the popular NRIs that the country has:
10 Most Famous NRIs That Made India Proud
Pretty popular name, right? Amartya Sen is a world-famous Indian-born economist who has been working in the United Kingdom and the United States of America since 1972. He is known for having made immense contributions in economic justice, welfare economics, famine studies, etc. In 1998 he was honored with the Nobel Prize in Economics in memory and the following year he was awarded the prestigious Bharat Ratna.
Apart from this, he has also been honored with the Charleston-EFG John Maynard Keynes Award for his work related to wellness economics in the year 2015; National Prize for Humanities in 2011; Commander of the French Legion of Honor in 2013. Currently, Amartya Sen is Professor at Thomas W. Lamont University and Professor of Economics and Philosophy at the prestigious Harvard University. He had also served as rector of Nalanda University in India. His contributions as an NRI have been innumerable and invaluable and should therefore be the first to be discussed in this article.
Sulman Rushdie, also known as Sir Ahmed Salman Rushdie, is a British Indian personality who is also a notable author. He is the 1981 Booker Prize winner for the book Midnight’s Children. Most of her work derives its fictional elements from the Indian subcontinent and is known for its flawless articulation of magic with history. His fourth book, Satanic Versus, pushed him into a serious religious mess when Iran’s Supreme Leader Ayatollah Ruhollah Khomeini issued a fatwa due to certain inclusions in the book that were claimed to have hurt the feelings of Muslims.
Controversy aside, Salman Rushdie was elected to the literary organization, the Royal Society of Literature in 1983. In 2007, Salman Rushdie was knighted for his services and contributions to literature. In 2012, he published his book Joseph Anton: A memoir, which explores the events that followed the controversy over the Satanic Verses. full form of NRI.
Born in 1952, Venkataraman Ramakrishnan is an Indian-born American and British structural biologist. He currently holds the position of President of the Royal Society and has held this position since 2015. In 2009 he was honored with the prestigious Nobel Prize in Chemistry, which he shared with Thomas A. Steitz and Ada Yonath. He was awarded the Nobel Prize for his research on the structure and functions of the ribosome. He has been involved with the Medical Research Council (abbreviated MRC) and the Laboratory of Molecular Biology (abbreviated LMB) at Cambridge Biomedical Campus. In that group, he serves as deputy director.
Ramakrishnan has received numerous recognitions such as being a member of the European Molecular Biology Organization (abbreviated as EMBO) in 2002, as well as a member of the Royal Society (abbreviated as FRS) in 2003. In 2004, he was elected as member of the National Academy of Sciences of the United States. In 2007, he was honored with the Medal of the Federation of European Biochemical Societies (abbreviated as FEBS). In 2008, he was awarded the Heatley Medal from the Biochemical Society. He has also been knighted in 2012 for his contributions to Molecular Biology.
Mira Nair is one of the most distinguished Indian filmmakers, based in the United States. He runs a production company by the name of Mirabai Films, which produces films on topics related to Indian society for international audiences. Some of his best known films are The Namesake, Mississippi Masala and Salaam Bombay. Their monsoon wedding is the Golden Lion award winner, while Salaam Bombay found a place among the Academy Award nominations for Best Foreign Language Film.
He was born in Odisha in 1957. He eventually moved to the United States when he received a scholarship at Harvard University. She is currently married to Mahmood Mamdani, whom she met while filming Mississippi Masala.
She was an American Indian astronaut and the first Indian lady in space. He was born in Karnal in 1962 and finally moved to the United States in 1982. He earned a master of science degree in aerospace engineering in 1984. Kalpana Chawla received her degree from the University of Texas at Arlington.
The first Indian woman in space had created the story, yet her life was short. He was killed when the Space Shutter Columbia disintegrated into pieces during re-entry into Earth’s atmosphere. The incident occurred shortly before the mission’s competition.
Under this title, we refer to one of the richest people in the world. Born in 1950, Lakshmi Mittal is a steel giant, who was born in India. He is currently based in the UK. Its steel business runs under the name ArcelorMittal, which is also the world’s largest steel company. Lakshmi Mittal is the CEO of the same company.
Lakshmi Mittal is the richest Asian and even being the richest person in the UK, he still does not have British citizenship. Although there has been a drop in the rankings when it comes to his wealth, Forbes magazine claims that the mogul still has personal property worth billions. In 2015, Forbes published a list of the most powerful people, in which Lakshmi Mittal was ranked 57th out of 72 listings. He has arranged the second most expensive wedding for his daughter, Vanisha Mittal. NRI full form.
Since 2008, Lakshmi Mittal has been on the board of directors of Goldman Sachs. In addition, he is also a member of the board of directors of Airbus Group, which is also known as the European Aeronautic Defense and Space Company (abbreviated as EADS). He holds senior positions in various international steel groups such as the World Steel Association.
He also sits on the board of the Global Advisory Council under the auspices of the Prime Minister of India and the Foreign Investment Council of Kazakhstan. Lakshmi Mittal is also a member of the International Business Council of the World Economic Forum. In 2006, he was named Business Person of the Year by the Sunday Times, along with Time magazine’s honor of being International News Generator of the year. So now everyone knows how great and powerful this non-resident Indian is to the world.
Indra Nooyi, also known as Indra Krishnamurthy Nooyi, was born in 1955. He was born in Madras (now Chennai) in the state of Tamil Nadu in India. He is now a naturalized in the United States and resides in Greenwich, Connecticut. She is considered one of the most powerful women in the world and has consistently appeared in similar rankings published by Forbes magazine. He currently chairs the world’s second-largest food and beverage company, Pepsi Co.
Indra Nooyi joined Pepsi Co in 1994 and was appointed President and Chief Financial Officer of the company. In 2001, she became CEO of the company. Since then, he has been instrumental in the global restructuring of the company, which includes the spin-off of the restaurant division at Tricon, which is now known as Yum! Brands. She is responsible for the 1998 acquisition of Tropicana as well as the merger with the Quaker Oats Company that brought Gatorade into Pepsi Co.
Satya Narayana Nadella, also known as Satya Nadella, is an American Indian CEO of the computer software giant Microsoft. In 2014, he was appointed CEO of the company, succeeding Steve Ballmer. Before becoming CEO, he served as Executive Vice President in Microsoft’s Cloud and Business Group. The group was responsible for the maintenance of Cloud Computing, development tools and other areas.
Satya Nadella received her BA in Electrical Engineering from the Manipal Institute of Technology. He moved on to the United States Master of Computer Science at the University of Wisconsin-Milwaukee, where he obtained his degree in 1990. He obtained his MBA from the Booth School of the University of Chicago. Before joining Microsoft, he used to work with Sun Microsystems as a member of the technology staff.
Prior to becoming CEO and Executive Vice President of Microsoft’s Cloud and Business Group, he held positions as Corporate Vice President of the Search and Advertising Platforms and Enterprise Solutions group; the president of the Servers and Tools Division; and even as senior vice president of research and development for the online services division.
He made world news when he became the CEO of the Internet giant Google. What made the news most important to the Indians can be effectively measured from his name, Sundar Pichai. Sundar Pichai, whose full name is Pichai Sundararajan, is currently Google Inc. is the CEO of. Before becoming CEO of the giant, he served as head of product at Google. Pichai’s new role was declared as part of the company’s plan to restructure Google, leading Alphabet Inc. to become Google’s parent company. Upon completion of the restructuring process, he was appointed CEO of Google.
Pichai was born in Chennai in the Indian state of Tamil Nadu. He obtained his Bachelor’s degree from the prestigious Indian Institute of Technology in Kharagpur in Metallurgical Engineering. Later, he went on to be from Stanford University in the field of Materials Science and Engineering. He earned an MBA from the Wharton School of the University of Pennsylvania. Pichai was once one of the possible contenders for the position of CEO of Microsoft, although eventually Satya Nadella was chosen for the position. Pichai is one of the most popular Indian Americans in the world.
Anshuman Jain was born in India and lives in the UK. Formerly co-CEO of Deutsche Bank from 2012-2015, he is one of the most popular Indian business executives in the world. Previously, he served as director of the Corporate and Investment Bank, making him responsible for corporate finance, sales and trade, and other banking businesses for Deutsche Bank. He was one of Deutsche Bank’s top winners during his tenure as CEO. In 2015, he resigned from his position shortly after the fine was imposed on the investment bank. This problem caused serious damage to the bank’s reputation.