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MEDICAL REMITTANCES IN INDIA
NRI credit cards: Rewards and lounge access aren’t everything, what more NRIs should know before getting an Indian credit cardFor Non-Resident Indians (NRIs), an Indian credit card offers significant benefits beyond convenience, including building a crucial CIBIL s...- The biggest financial mistake NRIs make is assuming distance equals preparednessEarning abroad and sending money home consistently fosters a false sense of security for NRIs. This confidence becomes a blind spot, as fin...
- India, Oman trade pact to come into force from June 1; Check what's insideIndia and Oman's Comprehensive Economic Partnership Agreement, CEPA, begins on June 1. This pact offers Indian exports 100% duty-free acces...
- Central banks look through inflation until entrenched, no evidence of second-round effects: Dy Gov Poonam GuptaThe Reserve Bank of India is navigating global economic hurdles and geopolitical tensions. Deputy Governor Poonam Gupta explains the centra...
- India's economy projected to grow at 6.4% this year: UNIndia’s economy is projected to grow 6.4% in 2026 and 6.6% in 2027, according to a United Nations Economic and Social Commission for Asia a...
- NRI term insurance demand doubles in two years; younger buyers drive growthDemand for term insurance among Non-Resident Indians has doubled in two years, with a 35% month-on-month surge following West Asian tension...
- New income-tax act takes effect todayNew tax rules and budget changes begin April 1. Higher taxes on speculative stock trades will curb risky bets. Lower taxes on overseas trav...
- New I-T law, higher securities transaction tax on F&O trade to kick in from April 1New tax laws and budgetary provisions, including higher STT on F&O trades and lower TCS on overseas tour packages and LRS remittances for m...
- Advanced economies drive surge in India remittancesThis diversification has reduced dependence on any single region and enhanced financial resilience.
- Saving of Rs 1.2 lakh instantly when sending this amount abroad, but should you wait till April 1 for this?Good news for Indian families! The Union Budget 2026 significantly reduces Tax Collected at Source (TCS) on overseas education and medical ...
- Budget 2026: Lower TCS on overseas tour package, education and medical purposesSignificant tax relief is on the horizon for overseas travel, education, and medical expenses. The government plans to slash the TCS rate o...
- TCS on sending money abroad is 20% in many cases: Will Budget 2025 reduce this to 5%?Reduce TCS on LRS in Budget 2025: Following the amendments made in the Income Tax Act, TCS on sending money abroad in specified cases attra...
- The tax tweaks that you need to be aware of if you're planning to study or travel abroadThe Indian government’s Budget 2024 proposed lowering Tax Deducted at Source (TDS) on salaries, helping individuals who have paid Tax Colle...
- Budget 2024: Higher TCS of 20% on certain foreign remittances via LRS can be reduced to 5%TCS rate of 20% is high and can create liquidity challenges for individuals who rely on regular remittances for personal or business needs....
- New TCS rules have kicked in: Here's what gets costlier and what remains sameStarting October 1, 2023, new tax collection at source (TCS) rates will affect various financial transactions, such as international travel...
- 300% hike in TCS from July 1, 2023: How it will impact foreign investments, international trips, credit card spends abroadGet ready to shell out more from next month as Budget 2023 has increased Tax Collection at Source (TCS) on foreign remittance through the L...
- NRIs and PIOs knock on RBI’s doors to transfer inheritanceThe Reserve Bank of India (RBI) has reportedly rejected requests from Indians abroad to move money from banks and sell inherited assets abo...
- What is LRS and which transactions come under it? Govt's FAQs on 20% TCS on international credit card spendsOn May 16, 2023, the Ministry of Finance issued a notification mentioning to omit rule 7 of the Foreign Exchange Management (Current Accoun...
- UAE Exchange and Travelex to go for global IPOShetty who was in Kochi, said the UAE Exchange which acquired the premier retail forex company Travelex last year is planning to go for a g...
- RBI allows utility bills, tax payments under inward remittanceReserve Bank today allowed payments to utility service providers, tax payments, and EMI payments in India.
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