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FOREIGN EXCHANGE REMITTANCE
Income tax dept has identified suspicious entities that sent money abroad, launches verification drive; Know what to doBased on ground intelligence and analysis of data, Income tax dept Income tax dept has identified suspicious entities who sent money abroad...- Income Tax Department launches nationwide verification of suspicious foreign remittancesThe Income Tax Department has launched a nationwide verification exercise into suspicious foreign remittances after identifying several ent...
- How India's digital infrastructure opened global markets to Indian investorsIndian residents' outward remittances have significantly increased, reaching a record USD 31.73 billion by FY2023-24. Digital reforms and i...
- Gold pulled India back from the edge of crisis 35 years agoThirty-five years after India pledged 67 tonnes of gold to avert a balance of payments crisis, the episode remains one of the defining mome...
- Sebi broadens scope of online bond platforms, permits IFSCA-regulated products and tax-saving bondsSEBI has expanded the scope for Online Bond Platform Providers (OBPPs), allowing them to offer IFSCA-regulated products and specific tax-sa...
- The hidden economics of international spendingThe expansion of Indian international spending is rapidly increasing annually. The hidden costs of forex mark-up on credit cards can signif...
- Man did not disclose UAE bank account and foreign shares in ITR, I-T dept imposed Rs 1.86 lakh penalty; He escalates the case but ITAT Delhi offers no reliefDubai connection: Man claimed friend sent money to Dubai Emirates NBD bank a/c to start business but didn't disclose foreign assets in Sche...
- NRI selling property in India: Should sale proceeds go to an NRE or NRO account? Know repatriation limits and RBI rulesAre you an NRI looking to sell your property in India after relocating abroad? It's essential to understand the process of repatriating you...
- Indian diaspora could be UPI’s ticket to the global payments mapNPCI plans to expand UPI internationally by targeting countries with large Indian diaspora populations, with CEO Dilip Asbe saying it could...
- The hidden financial curriculum of studying abroadIndian families often overlook financial planning while preparing for overseas education, despite its high cost. Early forex planning, comp...
- After a dash for hot dollars, India dives deep for sticky moneyThe government appears to be shifting its focus from attracting short-term foreign capital to securing long-term foreign investment as it s...
- Global banks are pulling back credit cards once prized by rich IndiansSeveral offshore banks are becoming reluctant to issue or renew international credit cards for wealthy resident Indians due to India’s 180-...
- SGX to drop India-linked single-stock futuresThe Singapore Stock Exchange's recent decision to halt trading in single stock futures linked to Indian equities marks a pivotal shift, lik...
- GIFT City investment for NRIs: Know your options, tax benefits, and how to invest in India in dollarsGIFT City offers NRIs and OCIs a dollar-denominated investment ecosystem. This financial hub provides access to global and Indian investmen...
- India's next billion dollars from abroad may depend on easier visasIndia's record remittance boom faces a new long-term challenge as tighter immigration policies in developed economies threaten the pipeline...
- EbixCash World Money's perpetual RBI licence brings trade and family remittances within reach of millionsUnder RBI's revised FEMA framework, EbixCash World Money can now move trade payments up to ₹25 lakh and family maintenance remittances, ope...
- Finance ministry calls for faster policy action to sustain growth amid global uncertaintyIndia's finance ministry stressed faster policy responses and stronger implementation for investment. The economy shows resilience despite ...
- Higher crude oil prices could hit India's fiscal health, finance ministry saysIndia's finance ministry warns of rising crude oil prices impacting fiscal and trade balances. Persistent geopolitical tensions in West Asi...
- Higher FCNR and NRE FD interest rates: This bank revises NRE rates to 7.60% and FCNR rates to 7.40%; check detailsAU Small Finance Bank has raised interest rates on FCNR(B) and NRE fixed deposits. These new rates are effective from July 27, 2026, for sp...
- No international mutual fund open for subscription now after Baroda BNP Paribas Aqua FoF halts fresh investments. What should investors do?Indian investors now have no options for new international mutual fund SIPs. The Baroda BNP Paribas Aqua Fund of Fund suspended new investm...
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