Falling crude prices, surplus services exports & steady remittance to keep India's CAD in comfort zone: Crisil

Dec 24, 2025

Falling crude oil prices, a surplus in services exports and steady remittance inflows are expected to prevent India's current account deficit (CAD) from widening...

India tops global remittance charts at USD 125 billion in 2023: World Bank report

Dec 18, 2023

According to the World Bank, the report highlights India's significant position as the top remittance recipient, drawing attention to the evolving dynamics in the...

Stilt launches remittance product for immigrants

Feb 19, 2021

New Delhi [India], February 19 (ANI/Digpu): Stilt, the leading provider of financial services for immigrants, today announced it has added remittance services for its...

RBI invites comments on draft rules for dividend payout by banks

Jan 07, 2026

The Reserve Bank of India (RBI) has invited public comments on the draft "Reserve Bank of India (Prudential Norms on Dividend and Remittance of...

20 pc tax to be collected at source from July under remittance scheme for some items

May 18, 2023

Tax Collected at Source (TCS) under Liberalised Remittance Scheme for the sale of overseas tour packages and any other remittance (such as for bonds,...

PayPal introduces digital foreign inward remittance advice

May 12, 2021

Mumbai (Maharashtra) [India], May 12 : Digital payments provider PayPal has introduced an automated process to obtain monthly foreign inward remittance advice (FIRA), allowing...