Remittance
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Remittances To India As Much As Pakistan, Bangladesh Budgets Combined: 5 Facts
- Thursday December 19, 2024
- World News | Written by Abhishek Chakraborty
India has, for years, been the country receiving highest remittances globally, and this year was no different. India retained the number one spot of being the country which saw the maximum amount of monetary inflow - $129 billion - from its diaspora.
- www.ndtv.com
-
2 Brothers In Delhi Arrested In Rs 4,800-Crore Money Laundering Case
- Wednesday November 27, 2024
- India News | Press Trust of India
The ED on Wednesday said it arrested two Delhi-based importer brothers in a money-laundering case linked to alleged illegal foreign remittances worth more than Rs 4,800 crore made to Hong Kong and China.
- www.ndtv.com
-
RBI Governor Highlights Need for Faster Remittance Settlements Amid Advancing eRupee Trials
- Monday October 14, 2024
- Written by Radhika Parashar, Edited by Siddharth Suvarna
Speaking about the eRupee CBDC, RBI Governer Shaktikanta Das emphasised that it plays a key role in India's "world-class digital public infrastructure" (DPI), which has enabled the creation of various digital financial products. He highlighted that developing protocols like the eRupee is essential for enabling real-time, cost-effective cross-border...
- www.gadgets360.com
-
Bolivia Reverses Bitcoin Ban, Legalises Crypto Transactions for Banks
- Friday June 28, 2024
- Written by Radhika Parashar, Edited by David Delima
Bolivia is aiming to balance its economy, which is presently far from being in a state of flourish. While no cryptocurrency is being seen as a legal tender in Bolivia yet, allowing crypto transactions could fetch the nation more in remittances since cross border crypto transactions are instant and almost free.
- www.gadgets360.com
-
India Received $120 Billion In Remittances In 2023: World Bank Report
- Wednesday June 26, 2024
- India News | Press Trust of India
India received $120 billion in remittances in 2023, almost twice the $66 billion received by Mexico in the same period, the World Bank said in a report released on Wednesday.
- www.ndtv.com
-
India Got Over $111 Billion In Remittances In 2022 - A World Record: UN
- Wednesday May 8, 2024
- India News | Press Trust of India
India received over USD 111 billion in remittances in 2022, setting a world record for getting the largest remittances ever recorded, becoming the first country to surpass the USD 100 billion mark, the United Nations migration agency has said.
- www.ndtv.com
-
India Becomes 1st Country To Receive Over $100 Billion In Remittances: UN
- Wednesday May 8, 2024
- India News | Press Trust of India
India received over USD 111 billion in remittances in 2022, the largest in the world, becoming the first country to reach and even surpass the USD 100 billion mark, the United Nations migration agency has said.
- www.ndtv.com
-
India In Talks With More Jurisdictions On Cross-Border Payments: RBI
- Friday September 29, 2023
- Business | Press Trust of India
Reserve Bank Deputy Governor T Rabi Sankar on Friday said the high cost of remittances for countries despite the available technology was "unconscionable", and India is in talks with more jurisdictions to make a material impact on cross-border
- www.ndtv.com/business
-
Cash-Strapped Pakistan Lost Over $8 Billion In Remittances, Exports In FY23: Report
- Sunday July 16, 2023
- World News | Asian News International
Due to a lack of attention to these two big inflows, Pakistan lost considerably more than it received from IMF borrowings and inflows from other sources.
- www.ndtv.com
-
Explained: Why Credit Card Spends Overseas Won't Be Taxed At Source
- Thursday June 29, 2023
- Business | Written by Sakshi Bajaj
While credit card spends overseas will not attract tax collected at source now as such transactions have been kept outside the liberalised remittance scheme, any international transaction conducted from India will attract the levy.
- www.ndtv.com/business
-
Tax Hike On international Transactions (TCS) Pushed Back To October 1
- Wednesday June 28, 2023
- Business | Press Trust of India
The government on Wednesday said overseas spending using international credit cards will not be included under the Liberalised Remittance Scheme (LRS) and hence, would not attract TCS.
- www.ndtv.com/business
-
Foreign-Registered Online Game Portals Sent Rs 4,000 Crore Abroad, Raided By ED
- Thursday May 25, 2023
- India News | Press Trust of India
The Enforcement Directorate (ED) on Wednesday said it detected illegal foreign remittances of about Rs 4,000 crore after it carried out multi-state raids against foreign-registered online gaming websites and companies.
- www.ndtv.com
-
Ministry's Clarification On Tax On Overseas Spending Through Credit Cards
- Friday May 19, 2023
- India News | Press Trust of India
The government on Friday said no TCS will be levied on international spending of up to Rs 7 lakh a year by using debit or credit cards.
- www.ndtv.com
-
Here's What Experts Say About Changes Made In LRS For Credit Cards
- Friday May 19, 2023
- Business | Asian News International
Tax Collected at Source (TCS) for spending through international credit cards under RBI's Liberalised Remittance Scheme on overseas tour packages and any other remittance (such as for bonds, shares, and real estate gifts) will be exempted within the annual limits of USD 250,000, the government clarified on Thursday.
- www.ndtv.com/business
-
Explained: Finance Ministry's FAQs On Remittance Scheme
- Thursday May 18, 2023
- India News | Edited by Debanish Achom
The Finance Ministry has published an FAQ on its announcement that international credit card payments will come under the RBI's liberalised remittance scheme, or LRS.
- www.ndtv.com
-
Remittances To India As Much As Pakistan, Bangladesh Budgets Combined: 5 Facts
- Thursday December 19, 2024
- World News | Written by Abhishek Chakraborty
India has, for years, been the country receiving highest remittances globally, and this year was no different. India retained the number one spot of being the country which saw the maximum amount of monetary inflow - $129 billion - from its diaspora.
- www.ndtv.com
-
2 Brothers In Delhi Arrested In Rs 4,800-Crore Money Laundering Case
- Wednesday November 27, 2024
- India News | Press Trust of India
The ED on Wednesday said it arrested two Delhi-based importer brothers in a money-laundering case linked to alleged illegal foreign remittances worth more than Rs 4,800 crore made to Hong Kong and China.
- www.ndtv.com
-
RBI Governor Highlights Need for Faster Remittance Settlements Amid Advancing eRupee Trials
- Monday October 14, 2024
- Written by Radhika Parashar, Edited by Siddharth Suvarna
Speaking about the eRupee CBDC, RBI Governer Shaktikanta Das emphasised that it plays a key role in India's "world-class digital public infrastructure" (DPI), which has enabled the creation of various digital financial products. He highlighted that developing protocols like the eRupee is essential for enabling real-time, cost-effective cross-border...
- www.gadgets360.com
-
Bolivia Reverses Bitcoin Ban, Legalises Crypto Transactions for Banks
- Friday June 28, 2024
- Written by Radhika Parashar, Edited by David Delima
Bolivia is aiming to balance its economy, which is presently far from being in a state of flourish. While no cryptocurrency is being seen as a legal tender in Bolivia yet, allowing crypto transactions could fetch the nation more in remittances since cross border crypto transactions are instant and almost free.
- www.gadgets360.com
-
India Received $120 Billion In Remittances In 2023: World Bank Report
- Wednesday June 26, 2024
- India News | Press Trust of India
India received $120 billion in remittances in 2023, almost twice the $66 billion received by Mexico in the same period, the World Bank said in a report released on Wednesday.
- www.ndtv.com
-
India Got Over $111 Billion In Remittances In 2022 - A World Record: UN
- Wednesday May 8, 2024
- India News | Press Trust of India
India received over USD 111 billion in remittances in 2022, setting a world record for getting the largest remittances ever recorded, becoming the first country to surpass the USD 100 billion mark, the United Nations migration agency has said.
- www.ndtv.com
-
India Becomes 1st Country To Receive Over $100 Billion In Remittances: UN
- Wednesday May 8, 2024
- India News | Press Trust of India
India received over USD 111 billion in remittances in 2022, the largest in the world, becoming the first country to reach and even surpass the USD 100 billion mark, the United Nations migration agency has said.
- www.ndtv.com
-
India In Talks With More Jurisdictions On Cross-Border Payments: RBI
- Friday September 29, 2023
- Business | Press Trust of India
Reserve Bank Deputy Governor T Rabi Sankar on Friday said the high cost of remittances for countries despite the available technology was "unconscionable", and India is in talks with more jurisdictions to make a material impact on cross-border
- www.ndtv.com/business
-
Cash-Strapped Pakistan Lost Over $8 Billion In Remittances, Exports In FY23: Report
- Sunday July 16, 2023
- World News | Asian News International
Due to a lack of attention to these two big inflows, Pakistan lost considerably more than it received from IMF borrowings and inflows from other sources.
- www.ndtv.com
-
Explained: Why Credit Card Spends Overseas Won't Be Taxed At Source
- Thursday June 29, 2023
- Business | Written by Sakshi Bajaj
While credit card spends overseas will not attract tax collected at source now as such transactions have been kept outside the liberalised remittance scheme, any international transaction conducted from India will attract the levy.
- www.ndtv.com/business
-
Tax Hike On international Transactions (TCS) Pushed Back To October 1
- Wednesday June 28, 2023
- Business | Press Trust of India
The government on Wednesday said overseas spending using international credit cards will not be included under the Liberalised Remittance Scheme (LRS) and hence, would not attract TCS.
- www.ndtv.com/business
-
Foreign-Registered Online Game Portals Sent Rs 4,000 Crore Abroad, Raided By ED
- Thursday May 25, 2023
- India News | Press Trust of India
The Enforcement Directorate (ED) on Wednesday said it detected illegal foreign remittances of about Rs 4,000 crore after it carried out multi-state raids against foreign-registered online gaming websites and companies.
- www.ndtv.com
-
Ministry's Clarification On Tax On Overseas Spending Through Credit Cards
- Friday May 19, 2023
- India News | Press Trust of India
The government on Friday said no TCS will be levied on international spending of up to Rs 7 lakh a year by using debit or credit cards.
- www.ndtv.com
-
Here's What Experts Say About Changes Made In LRS For Credit Cards
- Friday May 19, 2023
- Business | Asian News International
Tax Collected at Source (TCS) for spending through international credit cards under RBI's Liberalised Remittance Scheme on overseas tour packages and any other remittance (such as for bonds, shares, and real estate gifts) will be exempted within the annual limits of USD 250,000, the government clarified on Thursday.
- www.ndtv.com/business
-
Explained: Finance Ministry's FAQs On Remittance Scheme
- Thursday May 18, 2023
- India News | Edited by Debanish Achom
The Finance Ministry has published an FAQ on its announcement that international credit card payments will come under the RBI's liberalised remittance scheme, or LRS.
- www.ndtv.com