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MUMBAI: Vacation season journey rush noticed abroad remittances bounce to $2.4 billion in Dec 2023 from a nine-month low of $1.9 billion in Nov. Remittances in Dec had been 16% larger than the $2 billion within the year-ago interval regardless of widening the scope of tax assortment at supply (TCS)…
Worldwide bank card spending new guidelines quickly? In case you are planning a overseas vacation, then you’ll have to be aware of the liberalised remittance scheme cap for worldwide bank card spends from April 1, 2024. Banks in India are gearing up for a potential change within the guidelines concerning…
MUMBAI: International change remittances for the primary 10 months of FY24 stood at $27.4 billion, crossing the FY23 stage of $27.1 billion. That is regardless of the introduction of tax assortment at supply (TCS) within the Price range.With common month-to-month remittances in FY24 touching $2.7 billion, the entire overseas change…
