Search For "remittance"
"Any growth today is largely accounted by developing world": G20 Chief Coo
Updated : 2 years, 11 months ago IST
The G20 Chief Coordinator who attended a conference of Centre for Global India Insights in New Delhi on Wednesday said the developing world bore the brunt of the consequences of many of the global situations. "And that has been manifested by slower demand for goods and services, lowering
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Global logistics company DHL suspends some operations in Pakistan amid res
Updated : 3 years ago IST
According to Dawn, DHL Pakistan has informed its customers that it is suspending 'Import Express Product' and restricting outbound shipments to a maximum weight of 70 kg per shipment for all customers billed in Pakistan from March 15.
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TerraPay announces the strategic hire of Sudhesh Giriyan to lead the globa
Updated : 3 years ago IST
London [UK], February 21 (ANI/PRNewswire): TerraPay, a leading global payments infrastructure company, announced the appointment of Sudhesh Giriyan as President & Global Head of Remittances, today. Strengthening the company's senior leadership, this strategic appointment supports TerraPa
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India, Singapore to link digital payments systems for cross-border transac
Updated : 3 years ago IST
The linkage of these two payment systems of both countries would enable residents of both countries to the faster and more cost-efficient transfer of cross-border remittances.
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BBC India survey indicated tax evasion on certain remittances, discrepanci
Updated : 3 years ago IST
The Income Tax Department gathered several evidences pertaining to the BBC India's operation which indicated that taxes were not paid on "certain remittances" which have not been disclosed as income in India by the foreign entities of the group.
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Current account deficit for first half of 2022-23 at 3.3 pc of GDP: RBI Gu
Updated : 3 years, 1 month ago IST
RBI Governor Shaktikanta Das said, "The situation has shown improvement in Q3:2022-23 (third quarter or October-December) as imports moderated in the wake of lower commodity prices, resulting in narrowing of the merchandise trade deficit."
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India received highest ever remittances in 2021-22: MoS finance in Parliam
Updated : 3 years, 1 month ago IST
India received foreign inward remittances of USD 89,127 million in 2021-22, which was the highest ever received in a single year.
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RBI partially relaxes remittance transaction restrictions on SBM Bank (Ind
Updated : 3 years, 1 month ago IST
The RBI said the relaxation came after the bank initiated corrective actions and made a submission for relaxation of the restrictions.
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RBI directs SBM Bank (India) to immediately stop remittance transactions
Updated : 3 years, 1 month ago IST
The Reserve Bank of India has directed SBM Bank (India) Ltd to stop all transactions under Liberalised Remittance Scheme (LRS) with immediate effect.
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CBI raids 18 sites in Mumbai, Bhopal; recovers Rs 94 lakh in Illegal forex
Updated : 3 years, 1 month ago IST
According to CBI statement, it was alleged that during 2014-2016, a huge amount was remitted in foreign exchange (Forex) abroad from the accounts of nine entities through eight nationalised banks by submitting fake import documents such as bills of entry, bills of lading, among others, witho
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Indian entrepreneurs set to launch neobank in Southeast Asia
Updated : 3 years, 1 month ago IST
The soon-to-be-launched digital bank's key focus will be micro-lending, remittances, domestic payments, e-wallets, personalised and communal savings as well as micro-insurance in Southeast Asia. Its target market are blue-collar workers, foreign domestic workers, and micro, small and medi
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State Bank of Pakistan's foreign exchange reserves plunge to 8-year low at
Updated : 3 years, 2 months ago IST
The plunge in forex reserve is a worrisome scenario as it will create problems in the repayment of its huge foreign debts.
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