Outward Remittance
- All
- News
-
Indians Spending Nearly 1 Billion Dollars Per Month On Foreign Travel: RBI
Indians are spending nearly USD 1 billion every month on foreign travel which is significantly more than the pre-Covid levels, reveals Reserve Bank data on outward remittances.
-
ED Seizes Rs. 5,551 Crore of Xiaomi India in Alleged Foreign Exchange Violation Case
Funds worth over Rs. 5,551 crore of Chinese mobile manufacturing company Xiaomi India have been "seized" for violating the Indian foreign exchange law, the Enforcement Directorate said said on Saturday.
-
3 Hyderabad Businessmen Arrested For Fraud Worth Rs 31.6 Crore
Three businessmen were arrested on Friday by Enforcement Directorate or ED officials for fraudulent foreign outward remittances using shell companies worth Rs 31.6 crore.
-
CBI Questions Associate Of AgustaWestland Middleman Christian Michel
CBI today questioned RK Nanda, an alleged associate of AgustaWestland middleman Christian Michel, in connection with VVIP Helicopter deal to know the outward flow of purported foreign remittances worth Rs 6.5 crore received by his firm from Mr Michel.
-
Bank of Baroda Shares Fall on Forensic Probe into Forex Scam
In a written reply in Rajya Sabha on Tuesday, Finance Minister Arun Jaitley said the Central Bureau of Investigation (CBI) and the Enforcement Directorate have registered cases on the bases of complaint filed by the bank regarding irregularities in outward foreign remittances from its Ashok Vihar, New Delhi, branch through newly opened accounts.
-
Government Orders Forensic Probe Into Rs 6,000-Cr Bank of Baroda Forex Scam
A forensic probe has been ordered into the alleged irregularities in outward foreign remittances to the tune of about Rs 6,000 crore from a Bank of Baroda branch, Parliament was informed.
-
Fears on return of capital controls over-played: Assocham
Amid continuing pressure on the rupee, the RBI recently announced stern measures, including curbs on Indian firms investing abroad and a reduction of outward remittances, to restrict the outflow of foreign currency.
-
Indians prefer spending more on education, holiday abroad
Outward remittances towards education and travel have shown sharp rise.
-
Indians Spending Nearly 1 Billion Dollars Per Month On Foreign Travel: RBI
Indians are spending nearly USD 1 billion every month on foreign travel which is significantly more than the pre-Covid levels, reveals Reserve Bank data on outward remittances.
-
ED Seizes Rs. 5,551 Crore of Xiaomi India in Alleged Foreign Exchange Violation Case
Funds worth over Rs. 5,551 crore of Chinese mobile manufacturing company Xiaomi India have been "seized" for violating the Indian foreign exchange law, the Enforcement Directorate said said on Saturday.
-
3 Hyderabad Businessmen Arrested For Fraud Worth Rs 31.6 Crore
Three businessmen were arrested on Friday by Enforcement Directorate or ED officials for fraudulent foreign outward remittances using shell companies worth Rs 31.6 crore.
-
CBI Questions Associate Of AgustaWestland Middleman Christian Michel
CBI today questioned RK Nanda, an alleged associate of AgustaWestland middleman Christian Michel, in connection with VVIP Helicopter deal to know the outward flow of purported foreign remittances worth Rs 6.5 crore received by his firm from Mr Michel.
-
Bank of Baroda Shares Fall on Forensic Probe into Forex Scam
In a written reply in Rajya Sabha on Tuesday, Finance Minister Arun Jaitley said the Central Bureau of Investigation (CBI) and the Enforcement Directorate have registered cases on the bases of complaint filed by the bank regarding irregularities in outward foreign remittances from its Ashok Vihar, New Delhi, branch through newly opened accounts.
-
Government Orders Forensic Probe Into Rs 6,000-Cr Bank of Baroda Forex Scam
A forensic probe has been ordered into the alleged irregularities in outward foreign remittances to the tune of about Rs 6,000 crore from a Bank of Baroda branch, Parliament was informed.
-
Fears on return of capital controls over-played: Assocham
Amid continuing pressure on the rupee, the RBI recently announced stern measures, including curbs on Indian firms investing abroad and a reduction of outward remittances, to restrict the outflow of foreign currency.
-
Indians prefer spending more on education, holiday abroad
Outward remittances towards education and travel have shown sharp rise.
