Search For "remittances"
Pakistan loses USD 7.15 billion due to shrinking exports, remittances
Updated : 2 years, 8 months ago IST
The Pakistan government despite missing out on targets for the outgoing fiscal year, fixed higher exports and remittances projections for FY24.
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IndusInd Bank partners with Wise on multi-partner Indus Fast Remit platfor
Updated : 2 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 16: IndusInd Bank has today announced its partnership with Wise, the global technology company specializing in moving and managing money around the world, to offer online inward remittance services to Non Resident Indians (NRIs) residing in US and Singapore
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ED issues show-cause notices to Xiaomi, three banks for FEMA violation
Updated : 2 years, 9 months ago IST
The Adjudicating Authority has issued show cause notices to Xiaomi Technology India Private Limited, its officials and three banks under section 16 of the Foreign Exchange Management Act on the basis of a complaint filed by the Enforcement Directorate (ED) with respect to illegal remittances
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Get IndusInd Bank Outward Remittance Services Now Through Bajaj Markets
Updated : 2 years, 9 months ago IST
Pune (Maharashtra) [India], May 29: Bajaj Markets, a subsidiary of Bajaj Finserv, in partnership with the IndusInd Bank, now offers access to the IndusInd Bank Outward Remittances service. The Liberalised Remittance Scheme (LRS) facility allows individuals to send money abroad.
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"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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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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