An Indian-origin entrepreneur has produced for sale what is billed as the "most precious" creation to mark the Diamond Jubilee of Queen Elizabeth's reign, as Britons prepared to celebrate the milestone with unique celebrations over the extended weekend.

With the setting up of the London office of Easy2ownEstate, a professional service provider with international quality standards, there is a golden opportunity for NRIs in the UK to invest in the booming real estate market in India.

In a slew of concerted measures aimed at tackling the black money menace, the Indian government on February 16, proposed mandatory reporting of assets held by individuals abroad and re-opening of income-tax return filings up to 16 years.

Viren Rastogi, a London-based Indian-origin metals trading tycoon behind one of Britain's biggest ever frauds has been ordered to serve seven years behind bars on top to an initial sentence of nine and a half years as he has failed to return millions of pounds defrauded from 20 international banks.

Though local rates have dipped marginally, India is still to be a safe haven. The Indian diaspora has made a comeback in a big way to park its savings with local banks.