You Searched For "remittance outflows" and got 15 results
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2 mins read
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
2 mins read
Indians are now sending more money abroad than ever before
The original limit was set at 25,000 dollars when the scheme was launched in 2004. This was l…
2 mins read
Indian migrants sent nearly $70bn back to the country in 2017, more than anyone else
Meanwhile, India’s neighbour China, which has 10 million migrants abroad, came in second place…
2 mins read
India's balance of payments shows improvement in Q1 FY24
One of the standout features of India' 2023-24 was the substantial narrowing of the Current Account…
ANI
2 mins read
Credit card payments on foreign tours to be brought under LRS to ensure compliance with TCS
Credit card payments for foreign travel will be brought under the purview of the Liberalised Remitt…
PTI
1 min read
China rebuffs billionaire investor Mark Mobius's warning that the government made it harder to get money out, report says
Chinese authorities at the State Administration on Foreign Exchange told CNBC that nothing had chan…
Zinya Salfiti
2 mins read
Current Account Deficit narrows to 2.2% of GDP in Q3: RBI data
India's current account deficit, a key indicator of the country's external sector, declined to USD …
PTI
2 mins read
India's current account deficit widens to 4.4% of GDP in Q2 due to high trade deficit: RBI data
Widening trade gap pushed up the country's current account deficit to USD 36.4 billion or 4.4 per c…
PTI
2 mins read
CAD narrows to 0.9 pc of GDP in Sept quarter on lower trade deficit: RBI
Mumbai, Dec 31 () India's current account deficit (CAD) narrowed to 0.9 per cent of GDP, or USD 6.3…
PTI
2 mins read
Current account deficit narrows sharply to USD 1.4 bn in December quarter
The CAD, a critical indicator of the macroeconomic health, represents the gap between the overall …
PTI
3 mins read
COVID-19: IMF anticipates sharply negative economic growth fallout since the Great Depression
Of the view that emerging markets and low-income nations- across Africa, Latin America, and much of…
PTI
3 mins read
Coronavirus impact: Barclays pegs USD 20 bn current account surplus in FY21
"Our current account tracker points to a small current account deficit of USD 3 billion in Q1, fol…
PTI
4 mins read
The Indian rupee is at its weakest since January 2017, and will probably keep falling
A higher current account deficit means that the government has to try and plug the g…
2 mins read
China Has Taken 2 Big Baby Steps Toward Internationalizing Its Currency
"For the renminbi to be a truly international currency, it has to circulate outside of China, and i…
Mamta Badkar
4 mins read
A California bank's decision could have huge ramifications in Somalia
Kaah is one of the larger Somali transfer companies operating in the US, with licensed branches in …