remittances

Pakistan's foreign exchange reserves are nearing the $18 billion target, yet a widening trade deficit and upcoming debt payments raise economic stability concerns. Analysts warn the reserve build-up masks deeper vulnerabilities, with the rupee facing depreciation pressure. A soaring trade gap and potential decline in remittances could challenge the nation's financial outlook.

Enforcement Directorate officials conducted searches at multiple Vedanta Ltd locations across Delhi, Mumbai, and Udaipur on Monday. The agency is investigating suspected violations of the Foreign Exchange Management Act (FEMA) concerning brand royalty transactions between Vedanta Resources in the UK and its Indian subsidiary. Vedanta stated it is cooperating fully with the authorities.

Indian overseas travel spending saw a significant drop in March, with remittances falling by over $212 million from February. This decline, attributed to rising oil prices and a weakening rupee, occurred despite travel remaining the largest component of outward remittances under the Liberalised Remittance Scheme.

In 2013, the FCNR (B) scheme mobilised a critical $26 billion. The rupee’s fall was arrested, and the currency clawed its way back. Should India walk on the same path again?

India and Nepal are poised to significantly enhance their "very special relationship," with discussions focusing on expanding cooperation in energy, digital technology, and new sectors. Both nations emphasized their civilizational ties and a shared resolve for a transformative partnership, aiming to unlock its full potential amidst ongoing collaboration and mutual support.

The falling rupee is making already-expensive foreign degrees even harder to pay for. Demand for top-up education loans has jumped nearly 3x in a year

In an increasingly investment-cautious world, why reforms aren't enough and it is the Indian state that has to absorb risk

He was one among thousands who left Kerala for Saudi Arabia. Then came an accident, a death sentence and a Rs 34-crore campaign to set him free and bring him back home

Reporting income/assets etc. in the ITR should be matched with Annual Information Statement (AIS). As through system checks and reconciliation runs, using technology for ITR processing might trigger even small gaps, errors or incorrect claims and may lead to prompt questions.

The CEA’s words could not be more direct and the situation the world’s sixth largest economy faces is by no means small. Several macroeconomic indicators are in focus; inflation, health of the current account, and the exchange rate.

US Secretary of State Marco Rubio addressed Cubans on their Independence Day, highlighting severe hardships and blaming the communist leadership, particularly the military conglomerate GAESA, for plundering billions. Rubio offered a new path with $100 million in aid, to be distributed via trusted charities, not GAESA, contrasting elite wealth with public suffering.

Non-Resident Indians can invest in Indian real estate, including residential and commercial properties, and land for construction, under FEMA rules. While agricultural land is restricted, NRIs can purchase apartments, offices, and plots. Key documents and tax compliance are essential, with specific deductions available for interest and principal payments. Payments must follow prescribed banking channels.

Officials use Google Maps, IP logs to crack case

India's global migration impact is soaring, with its diaspora of 19 million driving a record $137 billion in remittances for 2024. The nation also leads in student and skilled worker emigration, particularly in tech and healthcare. Key corridors include UAE, US, and Saudi Arabia, showcasing a dynamic shift in global labor.

India's economy has faced significant challenges from global oil price surges over the past fifty years. From the 1973 Arab embargo to the recent Hormuz disruption, these shocks have impacted inflation and foreign exchange reserves. Policymakers have continuously adapted strategies to manage these crises, balancing economic stability with consumer needs.