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REMITTANCE RICHES
Iran-Israel conflict puts UAE, Saudi Arabia's foreign workers under strainA protracted conflict in the Gulf is jeopardizing billions in remittances, vital for families across Asia and Africa. Migrant workers, like...- Fable 5 wake-up call; Indians chase SpaceX jackpotHappy Monday! The Fable 5 disruption has triggered fresh calls for India to build its own AI muscle. This and more in today’s ETtech Mornin...
- PL Capital cuts Nifty target to 26,449, lists 16 high conviction stock picksAmidst global market turmoil from the Iran-US war and El Nino, PL Capital lowered its Nifty 50 target to 26,449. The brokerage anticipates ...
- US death tax trap: Uncle Sam's wealth puzzle leaves rich Indians worried for their kidsRich Indian families are racing to shield booming US stock portfolios from America’s 40% inheritance tax, but face complex FEMA and LRS hur...
- The $138 bn buffer: India’s most visible export can rescue the rupeeIndia is considering a policy push to accelerate overseas deployment of skilled workers as part of a broader strategy to support the rupee ...
- International funds deliver up to 50% returns in a year, subscriptions halted. Should investors book profits or stay invested?International funds have delivered up to 50% returns in one year, supported by a global tech rally, rupee depreciation, and strong earnings...
- 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...
- Decoded: Why remittances flows remain strong despite the pandemicIn 2020, the World Bank and International Monetary Fund (IMF) predicted that remittances would fall by 20%. Thankfully, remittances defied ...
- View: World Bank was wrong in its warning of falling foreign remittancesThe World Bank and IMF are generally not disposed to alarmism or exaggerations. Indeed, in April 2020, the logic behind the prediction appe...
- The homecoming of Gulf returnees: From remittance riches to loans for poultry farmsIn Malappuram district, Gulf returnees line up daily in front of the office of Kerala State Pravasi Welfare Development Co-operative Societ...
- Reverse remittance: When Indians support NRIsFor the first time an out-migration survey of 10,000 households in Punjab has found that a surprising 9% send money to their relatives abro...
- India looks after its own remittance-rich diasporaIndia has topped the remittance chart for 2014, pulling in $ 70.38 billion from its global migrant workforce. China follows with $64.14 bil...
- Buying a house overseas easier now as RBI doubles NRI investment limitThe funds remitted overseas can be used for any activity except: speculation in exchanges, funding terror groups or for remittances to Bhut...
- Karur Vysya Bank implements instant remittance service for NRIsBCT said the new remittance solution has helped KVB launch an 'instant cross-border remittances service' for Non-Resident Indians.
- Finance Ministry verifying outward remittances made in 2011-12 fiscalFinance Ministry is verifying outward remittances worth Rs 3.56 lakh cr from India during 2011-12 as a major portion was not subject to tax...
- India tops global remittances list; received $69 billion in 2012India is the largest recipient of remittances in the world, receiving USD 69 billion in 2012, the World Bank has said.
- Abu Dhabi lures Indian investors with sopsThe industrial city of Abu Dhabi plans to attract more investors from India to set up their plants in oil-rich Emirates.
- Kerala's remittance-rich areas may be laggards in IT paymentsNet IT collections in the Thiruvananthapuram circle have actually been showing a declining trend over the past three years, from Rs 617 cro...
- Outward remittances of education, travel on the riseOutward remittances during 2008\09 totalled $808 mn of which education and travel together accounted for outgo of $436 mn. 'Stimulation eff...
- Migrant labour fuels Gulf remittancesIndia is the top recipient of remittances in the world, a large part of which comes from oil-rich Gulf economies. Day in pics | Corporate h...
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