In the April-January period of FY25, the largest segment - international travel segment slipped marginally to $14.75 billion, ...

The total business turnover in outward remittances so far in the current financial year was close to Rs 17 crore, with major focus on education and tour remittances. Advisory Alert: It has come to ...

Also influencing the value of remittances is the appreciation of the ruble, which translated into higher value, in U.S. dollar terms, of outward remittances from Russia to Central Asia.

In January, total inward FDI fell by 13% to $5.8 billion, while net FPI saw a $6.6 billion outflow. Despite this, total ...

The Union Budget 2023 proposed a TCS for foreign outward remittance under LRS other than for Education and medical purposes of 20 per cent applicable from July 1, 2023. Before this proposal ...

In 2022, the group held a 24% market share of the outward remittance market and 35% of the retail foreign exchange market in the U.A.E. In the first nine months of 2023, the group recorded a total ...

Rich countries are the main source of remittances. The United States is by far the largest source, with $39 billion in outward flows. Saudi Arabia (classified as a high-income country in 2005) is the ...