Remittances To India
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Trump's "Big, Beautiful Bill" Awaits Final Vote: How It Will Impact Indians
US President Donald Trump's signature tax-and-spending legislation-- One Big, Beautiful Bill"-- is lined up for final vote over the coming hours in the House of Representatives, the lower chamber of the American Congress.
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India Posts Current Account Surplus Of $13.5 Billion In Q4FY25: RBI Data
India posted a current account surplus of USD 13.5 billion or 1.3 per cent of GDP in March quarter 2024-25 as compared with USD 4.6 billion in the year-ago period mainly on account of surge in services exports and higher remittances, according to RBI
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How Trump's 'Big, Beautiful Bill' Impacts Funds Transferred To India
In Donald Trump's "One Big Beautiful Bill," recently pushed through the House of Representatives, lies a provision that could change global remittance flows, and India, the world's leading recipient of remittances, could be impacted the most.
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Remittances To India As Much As Pakistan, Bangladesh Budgets Combined: 5 Facts
India has, for years, been the country receiving highest remittances globally, and this year was no different. India retained the number one spot of being the country which saw the maximum amount of monetary inflow - $129 billion - from its diaspora.
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2 Brothers In Delhi Arrested In Rs 4,800-Crore Money Laundering Case
The ED on Wednesday said it arrested two Delhi-based importer brothers in a money-laundering case linked to alleged illegal foreign remittances worth more than Rs 4,800 crore made to Hong Kong and China.
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India Received $120 Billion In Remittances In 2023: World Bank Report
India received $120 billion in remittances in 2023, almost twice the $66 billion received by Mexico in the same period, the World Bank said in a report released on Wednesday.
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India Got Over $111 Billion In Remittances In 2022 - A World Record: UN
India received over USD 111 billion in remittances in 2022, setting a world record for getting the largest remittances ever recorded, becoming the first country to surpass the USD 100 billion mark, the United Nations migration agency has said.
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India Becomes 1st Country To Receive Over $100 Billion In Remittances: UN
India received over USD 111 billion in remittances in 2022, the largest in the world, becoming the first country to reach and even surpass the USD 100 billion mark, the United Nations migration agency has said.
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Ministry's Clarification On Tax On Overseas Spending Through Credit Cards
The government on Friday said no TCS will be levied on international spending of up to Rs 7 lakh a year by using debit or credit cards.
-
SBI Partners With PayNow for Cross-Border Payments Through Bhim App
A day after a real-time payments system linkage was established between India and Singapore using the UPI platform, State Bank of India on Wednesday announced a partnership with PayNow, the online payment system of the city state, for cross-border payments. The facility is offered through SBI's Bhim SBIPay mobile application and the linkage will al...
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India, Singapore Link Online Payment Systems: What It Means For You
In a first, India and Singapore today linked their online payment systems to facilitate cross-border transfers. The real-time link will enable faster remittance between the two countries along with lower cost of payments.
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India, Singapore Link Online Payment Systems. In A Day, Indians Can Send...
India and Singapore launched on Tuesday a real-time link to facilitate easier cross-border money transfers between one of the world's biggest recipients of remittances and an Asian financial powerhouse.
-
$100 Billion Received In Remittances From NRIs In 2022: Nirmala Sitharaman
Underlining the contribution of non-resident Indians, Union Finance Minister Nirmala Sitharaman on Tuesday said remittances sent to the country by overseas Indians were about USD 100 billion for the year 2022, an increase of 12 per cent in one year.
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World-Topping $100 Billion In Remittances Head To India In 2022
Migrant workers from India are on track to send home a record amount of money this year, boosting the finances of Asia's third-largest economy, which is poised to retain its spot as the world's top recipient of remittances.
-
Xiaomi India Misled Deutsche Bank for Years on 'Illegal' Royalty Payments, Documents Show
Xiaomi India misled banker Deutsche Bank for years, by claiming it had an agreement for payment of royalties when it had none, according to legal documents. One of Xiaomi's four bank accounts in India frozen by the ED is at Deutsche Bank. The company denies wrongdoing and approached an Indian court arguing its payments were legitimate and that the ...
-
Trump's "Big, Beautiful Bill" Awaits Final Vote: How It Will Impact Indians
US President Donald Trump's signature tax-and-spending legislation-- One Big, Beautiful Bill"-- is lined up for final vote over the coming hours in the House of Representatives, the lower chamber of the American Congress.
-
India Posts Current Account Surplus Of $13.5 Billion In Q4FY25: RBI Data
India posted a current account surplus of USD 13.5 billion or 1.3 per cent of GDP in March quarter 2024-25 as compared with USD 4.6 billion in the year-ago period mainly on account of surge in services exports and higher remittances, according to RBI
-
How Trump's 'Big, Beautiful Bill' Impacts Funds Transferred To India
In Donald Trump's "One Big Beautiful Bill," recently pushed through the House of Representatives, lies a provision that could change global remittance flows, and India, the world's leading recipient of remittances, could be impacted the most.
-
Remittances To India As Much As Pakistan, Bangladesh Budgets Combined: 5 Facts
India has, for years, been the country receiving highest remittances globally, and this year was no different. India retained the number one spot of being the country which saw the maximum amount of monetary inflow - $129 billion - from its diaspora.
-
2 Brothers In Delhi Arrested In Rs 4,800-Crore Money Laundering Case
The ED on Wednesday said it arrested two Delhi-based importer brothers in a money-laundering case linked to alleged illegal foreign remittances worth more than Rs 4,800 crore made to Hong Kong and China.
-
India Received $120 Billion In Remittances In 2023: World Bank Report
India received $120 billion in remittances in 2023, almost twice the $66 billion received by Mexico in the same period, the World Bank said in a report released on Wednesday.
-
India Got Over $111 Billion In Remittances In 2022 - A World Record: UN
India received over USD 111 billion in remittances in 2022, setting a world record for getting the largest remittances ever recorded, becoming the first country to surpass the USD 100 billion mark, the United Nations migration agency has said.
-
India Becomes 1st Country To Receive Over $100 Billion In Remittances: UN
India received over USD 111 billion in remittances in 2022, the largest in the world, becoming the first country to reach and even surpass the USD 100 billion mark, the United Nations migration agency has said.
-
Ministry's Clarification On Tax On Overseas Spending Through Credit Cards
The government on Friday said no TCS will be levied on international spending of up to Rs 7 lakh a year by using debit or credit cards.
-
SBI Partners With PayNow for Cross-Border Payments Through Bhim App
A day after a real-time payments system linkage was established between India and Singapore using the UPI platform, State Bank of India on Wednesday announced a partnership with PayNow, the online payment system of the city state, for cross-border payments. The facility is offered through SBI's Bhim SBIPay mobile application and the linkage will al...
-
India, Singapore Link Online Payment Systems: What It Means For You
In a first, India and Singapore today linked their online payment systems to facilitate cross-border transfers. The real-time link will enable faster remittance between the two countries along with lower cost of payments.
-
India, Singapore Link Online Payment Systems. In A Day, Indians Can Send...
India and Singapore launched on Tuesday a real-time link to facilitate easier cross-border money transfers between one of the world's biggest recipients of remittances and an Asian financial powerhouse.
-
$100 Billion Received In Remittances From NRIs In 2022: Nirmala Sitharaman
Underlining the contribution of non-resident Indians, Union Finance Minister Nirmala Sitharaman on Tuesday said remittances sent to the country by overseas Indians were about USD 100 billion for the year 2022, an increase of 12 per cent in one year.
-
World-Topping $100 Billion In Remittances Head To India In 2022
Migrant workers from India are on track to send home a record amount of money this year, boosting the finances of Asia's third-largest economy, which is poised to retain its spot as the world's top recipient of remittances.
-
Xiaomi India Misled Deutsche Bank for Years on 'Illegal' Royalty Payments, Documents Show
Xiaomi India misled banker Deutsche Bank for years, by claiming it had an agreement for payment of royalties when it had none, according to legal documents. One of Xiaomi's four bank accounts in India frozen by the ED is at Deutsche Bank. The company denies wrongdoing and approached an Indian court arguing its payments were legitimate and that the ...
