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You Searched For "remittances" and got 20 results


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2 mins read

At $110 billion, Indian diaspora diverted more wealth than any other to its home country in 2022

While this is undoubtedly an impressive figure, it probably comes as no surprise, considering that …

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5 mins read

India received over $111 billion in remittances in 2022, first country to ever reach that figure: UN

The International Organisation for Migration (IOM), in its World Migration Report 2024 launched …

PTI   


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3 mins read

India tops global remittance charts at $125 billion in 2023: World Bank report

According to the World Bank, the report highlights India's significant position as the top remittan…

ANI   


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1 min read

Paytm to invest ₹100 cr in GIFT City, to offer AI-driven cross border remittance

One97 Communications Limited (OCL) that owns India's leading payments and financial services compan…

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1 min read

Paytm to invest Rs 100 Crore in GIFT City; plans to offer AI-driven cross border remittance

One97 Communications Limited (OCL) that owns the brand Paytm, India's leading payments and financia…

ANI   


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Explained: TCS on your child's overseas education and mitigating strategies

If you're currently in the midst of securing funds for your children's international higher educati…

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2 mins read

Travel agents body calls for abolishing TCS ahead of its implementation from Oct 1

In a letter to the FM, TAAI President Jyoti Mayal said the TCS is a huge challenge for the tr…

PTI   


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Indian migrants to send home a record $100 billion in 2022 says World Bank

In its latest Migration and Development Brief, World Bank said remittance flows to India will rise …

ANI   


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Budget proposes hike in TCS on overseas travel, fund remittances out of India to 20%

Also, 20 per cent TCS will be applicable in cases where funds in excess of Rs 7 lakh are sent out o…

PTI   


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Remittances from overseas Indians increased by 12% $100 billion in 2022: Sitharaman

​​Speaking at a session during the Pravasi Bharatiya Divas (PBD) convention in Madhya Pradesh's Ind…

PTI   


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1 min read

Pakistan's remittances decrease 10.5% in Sept

Pakistan's remittances decrease 10.5% in Sept

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4 mins read

20% tax on foreign remittances make foreign investments unviable for retail investors

Budget announcement of 20% tax on foreign investments to make investments in the US markets less ap…

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2 mins read

BBC India survey indicated tax evasion on remittances, discrepancies in transfer pricing: Govt

The Income Tax Department gathered several evidences pertaining to the BBC India's operation which …

ANI   


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3 mins read

Oppo comes under DRI scanner for alleged customs duty evasion of ₹4,389 crore

Oppo has reportedly come under the scanner of the Directorate of Revenue Intelligence (DRI). The DR…

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2 mins read

MoneyGram wants to use stablecoin USDC to 'build a bridge to crypto' for money transfers — even after the Terra meltdown

Meanwhile, MoneyGram wants to get involved in bitcoin transfers to El Salvador, CEO Alex Holmes tol…

Zahra Tayeb   


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Xiaomi says it is disappointed after ₹5,551.27 crore seizure order is upheld, claims the remittances are legitimate

In a major setback to Chinese smartphone maker Xiaomi, an appellate authority upheld the Enforcemen…

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3 mins read

Capgemini says nearly half the world will be using cryptocurrencies to send money in the next two years — a revolution led by remittances

A new report by Capgemini estimates that around 45% of users will be using cryptocurrencies to make…

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2 mins read

Groww wants to scale its US trading platform but these are the hurdles

The problem, however, is not on Groww’s end but rather on dependencies that have been created so…

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EXCLUSIVE: 84% of the ₹5,551.27 crore of the alleged illegal remittance by Xiaomi India were to the Qualcomm Group

The ED claimed that Xiaomi India had illegally remitted ₹5,551.27 crore in February 2022. The am…

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1 min read

El Salvador will exempt foreigners from paying bitcoin taxes to encourage investment, report says

After a bumpy rollout, El Salvador is the first country in the world to accept bitcoin as legal ten…

Carla Mozée