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REMITTANCE CEILING
RBI issues new domestic money transfer guidelines, retains Rs 50,000 NEFT remittance limitThe Reserve Bank of India has issued new guidelines for domestic money transfers in India. It allows customers to remit up to Rs 50,000 thr...- NRI child sending money to parents in India: Why a tax-free gift can still trigger an income-tax noticeParents receiving money from their NRI children in India may enjoy tax exemptions on gifts, but large transactions can attract scrutiny fro...
- ETMarkets Smart Talk | From SpaceX to Anthropic: Subho Moulik decodes a step-by-step guide for Indian investorsIn this edition of ETMarkets Smart Talk, Subho Moulik, Founder & CEO of Appreciate, breaks down the US investing opportunity for Indian inv...
- Higher EPS pension: Ruling party MP urges PM Modi to ensure uniform, time-bound implementationBJP Rajya Sabha MP Ajeet Madhavrao Gopchade has urged Prime Minister Narendra Modi to intervene in pending higher EPS pension issues. He hi...
- Alpaca eyes 10x growth in India assets as GIFT City partners near launchYokokawa said Alpaca’s global AUC has been more than doubling year on year, while India AUC could expand “at least 10x” over the coming yea...
- Progressive rethink on the TCS frontRBI has in place measures to raise inward remittances, and a similar tightening of rules for outflow should suffice. Caution over conservin...
- Thanks to Budget, sending money abroad will burn a bigger hole in your pocket soonWith more and more Indian students aspiring to go abroad to pursue their studies, this move may prove to be a big deterrent. For many such ...
- Remittances to Nepal: RBI hikes per transaction cap to Rs 2 lakh from Rs 50,000"As hitherto, banks shall accept remittances by way of cash from walk-in customers or non-customers. The ceiling of Rs 50,000 per remittanc...
- RBI to keep closer watch on those sending funds abroadEver since India’s foreign exchange reserves crossed $100 billion in 2003, the central bank has been allowing Indians to remit money abroad...
- Tighter reporting of remittances under LRS to prevent abuseEver since India’s foreign exchange reserves crossed $100 billion in 2003, the Reserve Bank has been allowing Indians to remit money abroad...
- In a first, travel emerges as top reason for Indians to spend money abroadIn FY17 (up to February 2017), remittances towards travel increased 3.6 times to $2.3 billion, accounting for a third of total internationa...
- Deposit slowdown due to higher cash spending and higher outward remittances: SBI reportSlowdown in deposit growth despite positive real returns is attributed to increased consumer spending as reflected in growth in currency, s...
- High real interest rate causing lowering growth in banksHigh real interest rate is leading to lower deposit growth rate of the banks a trend which has been prevalent.
- NAREDCO seeks review of hike in foreign remittance ceilingsNAREDCO pointed out that residential sales declined by about 30% in 7 major Indian cities during 2014 and the decline was steep in NCR.
- Banks need not report individual international immovable property buysEarlier in June this year, RBI had raised the remittance limit for individuals to USD 125,000 per year from previous limit of USD 75,000.
- VVIP Chopper deal: CBI books former IAF Chief S P TyagiFormer IAF chief became the first Air Chief to be booked by CBI for alleged cheating, corruption in the Rs 3600 crore VVIP helicopter deal.
- Remittances may dip to $47 billionRemittances is expected to dip to $47 bn on account of lagged response to weak global economy. Fx Converter | Cities for expats | Top 10 re...
- Now, remittance from abroad at your doorstepIndians working abroad may soon be able to send cash directly to their relatives at their doorsteps through the postal network. All about R...
- Financial crisis not to have much impact on remittances: RBIGlobal financial crisis has so far failed to significantly slow down inflow of remittances in India, the RBI said. How are exchange rates d...
- NRIs real estate gains unlockedImmediately after they sell their immovable properties abroad, NRIs can remit money up to $1mn/year.
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