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TCS for international card spend exempted under RBI's remittance scheme up
Updated : 2 years, 10 months ago IST
The Ministry of Finance on Friday said it decided that any payments by an individual using their international debit or credit cards upto Rs seven lakh per financial year will be excluded from the RBI's Liberalised Remittance Scheme (LRS) limits and hence, will not attract any Tax Collected
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"Timely move towards prudent currency management..." Colliers India on RBI
Updated : 2 years, 10 months ago IST
Reacting to the Reserve Bank of India's decision to withdraw Rs 2,000 currency notes from circulation, Vimal Nadar, the Head of Research at real estate firm Colliers India has called it a "timely" move aimed at "prudent currency management".
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"BJP's desperate attempt to divert attention...": Siddaramaiah after RBI w
Updated : 2 years, 10 months ago IST
Congress leader Siddaramaiah on Friday slammed Bharatiya Janata Party (BJP) after the Reserve Bank of India's move to withdraw Rs 2,000 denomination banknotes from circulation and termed it the party's desperate attempt to divert the attention from their failures.
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"Demonetisation has come full circle": Chidambaram after RBI withdraws Rs
Updated : 2 years, 10 months ago IST
RBI on Friday announced that it has decided to withdraw the Rs 2,000 denomination banknotes from circulation but they will continue to remain legal tender.
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Rs 2,000 notes to remain legal tender even after September 30
Updated : 2 years, 10 months ago IST
The central bank believes that four-month time is enough for people to exchange notes with the banks. Most of the Rs 2,000 notes that are in circulation is expected to return to banks within the given time frame of 30th September.
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"First act, second think...": Jairam Ramesh after RBI withdraws Rs 2,000 n
Updated : 2 years, 10 months ago IST
Congress general secretary in charge of communications Jairam Ramesh on Friday came out hard against the Reserve Bank of India's move to withdraw Rs 2,000 denomination banknotes from circulation and said that it was typical of the government to first act and think second.
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RBI withdraws Rs 2000 note from circulation, to remain legal tender; excha
Updated : 2 years, 10 months ago IST
The Reserve Bank of India has decided to withdraw the Rs 2000 denomination banknotes from circulation but they will continue to remain as legal tender.
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RBI to pay Rs 87,416-crore dividend to govt
Updated : 2 years, 10 months ago IST
The 602nd meeting of the Central Board of Directors of the Reserve Bank of India was held today in Mumbai under the chairmanship of Shaktikanta Das, Governor.
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Tide and Transcorp launch India's-first Recycled PVC RuPay Card
Updated : 2 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 19 (ANI/NewsVoir): Tide, the UK's leading SME-focused business financial platform in partnership with Transcorp International Limited, a Reserve Bank of India (RBI) regulated Prepaid Payment Instrument (PPI) license holder, today announced the launch of Indi
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Here's what experts say about changes made in LRS for credit cards
Updated : 2 years, 10 months ago IST
Tax Collected at Source (TCS) for spending through international credit cards under RBI's Liberalised Remittance Scheme on overseas tour packages and any other remittance (such as for bonds, shares, and real estate gifts) will be exempted within the annual limits of USD 250,000, the governme
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International credit card spend exempted under RBI's remittance scheme wit
Updated : 2 years, 10 months ago IST
The Centre on Tuesday brought international credit card spending outside India under the Liberalised Remittance Scheme (LRS) and issued an explainer on Wednesday to clear any confusion
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April inflation validates RBI's repo rate pause move: SBI Research
Updated : 2 years, 10 months ago IST
Retail inflation in India having moderated sharply in April substantiated the Reserve Bank of India's (RBI) decision to pause the repo rate in its first 2023 monetary policy meeting, according to SBI Research.
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