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India accounts for nearly half of the global digital payments, highlights RBI report
India holds 48.5% share in the global real-time payments volume, according to the Reserve Bank of I…
ANI
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 …
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
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
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…
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
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…
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
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
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
Pakistan's remittances decrease 10.5% in Sept
Pakistan's remittances decrease 10.5% in Sept
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
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…
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
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…
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
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…
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…
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…
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…