Search For "remittance"
Wizz Financial Completes First Stablecoin-Powered Cross-Border Transaction
Updated : 3 days, 2 hours ago IST
Dubai [UAE], March 12: Wizz Financial, the global fintech company specializing in cross-border payments and digital wallets, today announced the completion of its first stablecoin-powered cross-border remittance and treasury transaction originating from the United States, with capabilities i
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Iran conflict raises new credit risks for emerging markets, including Indi
Updated : 6 days ago IST
The Iran conflict could raise additional challenges for some emerging market sovereigns, including India, as far as energy imports, remittances, fiscal subsidies, exchange rates and access to international finance are concerned, said Fitch Ratings.
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Prolonged West Asia conflict could slow down India's growth: SBI Research
Updated : 1 week, 1 day ago IST
The ongoing conflict in West Asia could have multiple economic implications for India, particularly through higher oil prices, disruptions in energy supply routes, and potential impacts on remittances and trade, according to a new report by SBI Research. The report highlighted that while the
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India's BoP outlook faces risks from West Asia crisis; CAD seen at 1.1-1.5
Updated : 1 week, 2 days ago IST
India's external sector outlook remains broadly manageable but faces rising risks from geopolitical developments in West Asia that could push up crude oil prices and widen the current account deficit (CAD), according to a recent research note by Yes Bank. The report noted that India recorded
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PM Modi's visit "another milestone" in elevation of ties: Israel Embassy's
Updated : 2 weeks, 2 days ago IST
Prime Minister Modi's Israel visit yielded 27 outcomes, elevating ties to a "Special Strategic Partnership." Key agreements span AI, UPI remittances, and a Free Trade Agreement push. With 17 MoUs across agriculture, cyber, and labour mobility, the visit marks a significant milestone in insti
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"Not actually worried about people migrating": CPI(M) leader John Brittas
Updated : 3 weeks, 3 days ago IST
John Brittas, a Member of Parliament from the Communist Party of India (Marxist), recently addressed the rising migration from Kerala, stating that he is not concerned by the trend, highlighting that the state's development has historically been driven by migration.
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Trade deficit deepens as Pakistan's external fragility resurfaces in FY26
Updated : 3 weeks, 4 days ago IST
Pakistan's external position has again come under strain during the first seven months of FY 2025-26, as a ballooning trade deficit offset improvements in remittances and services exports.
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Budget 2026: What gets cheaper, what gets costlier
Updated : 1 month, 1 week ago IST
The Union Budget 2026-27 has delivered targeted relief for consumers, exporters and strategic industries, while tightening taxes and select goods or assets. The proposals aim to improve the quality of life, support domestic manufacturing and exports, and generate additional revenue from f
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India remains world's largest recipient of remittances, inflows reach USD
Updated : 1 month, 2 weeks ago IST
Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman, tabled the Economic Survey 2025-26 in the Parliament on Thursday.
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EbixCash World Money Becomes the First AD-II Licensed Entity to Receive In
Updated : 1 month, 3 weeks ago IST
New Delhi [India], January 22: EbixCash World Money, a flagship subsidiary of Eraaya Lifespaces limited and a leading player in international payments, foreign exchange, and remittance solutions, today announced that Buyforex, its wholly owned subsidiary, has received in-principle approval f
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RBI invites comments on draft rules for dividend payout by banks
Updated : 2 months, 1 week ago IST
The Reserve Bank of India (RBI) has invited public comments on the draft "Reserve Bank of India (Prudential Norms on Dividend and Remittance of Profit) Directions, 2026", proposing a revised framework for declaration of dividends and remittance of profits by banks.
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Pakistan's cost-of-living crisis forces families to spend two-thirds on su
Updated : 2 months, 1 week ago IST
Pakistan's latest household survey shows families now spend nearly two-thirds of their income on food and utilities due to high inflation. Spending on education and health has sharply declined, while reliance on remittances has increased, highlighting rising inequality and shrinking purchasi
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