International funds have delivered up to 50% returns in one year, supported by a global tech rally, rupee depreciation, and strong earnings...

Saudi Arabia is set to launch a voluntary pension and savings programme, including foreign workers for the first time, aiming to boost hous...

Indians in America may face higher costs for remittances. A proposed US tax could significantly increase their financial burden. This levy ...

A proposed US bill, The One Big Beautiful Bill, suggests a 5% tax on remittances sent by non-citizens, potentially affecting many Indians i...

Finance Minister Nirmala Sitharaman's announcement to raise the threshold for tax collected at source (TCS) on remittances under RBI’s Libe...

New money transfer rules: The revised regulations are intended to improve the security of domestic money transfers and ensure compliance wi...

In August 2024, Indians spent $3.2 billion abroad, majorly on travel and education, despite a new 20% tax on remittances. Travel expenses a...

Outward remittances by Indians reached $2.8 billion in July 2024, the highest in 10 months, driven mainly by overseas travel spending. Trav...

Armed with this licence these companies can now offer payment services for international trade, besides merchant payment services in the do...

With a focus on banking services and payment systems, the Reserve Bank of India (RBI) recently released a new framework on Domestic Money T...

The Budget 2024, presented today by Finance Minister Nirmala Sitharaman, will impact personal finance and individual income taxation in var...

TCS on Foreign remittances: Budget 2023 raised TCS on most foreign remittances under LRS to 20%. The initial implementation was met with cr...

TCS rate of 20% is high and can create liquidity challenges for individuals who rely on regular remittances for personal or business needs....

India's Unified Payments Interface (UPI) has expanded its footprint to the heart of Paris, with the flagship store of Galeries Lafayette on...

New NPS rules: The new NPS contribution timeline allowing for same-day investment will come into force on July 1, 2024, as per a circular i...

The Interim Budget 2024 includes the inclusion of increased Tax Collected at Source (TCS) rates on foreign remittances into the Income Tax ...

Budget 2024: The industry wants the Finance Ministry to reconsider the decision of applying TCS at such a higher rate of 20%. The rate is e...