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Promoth Manghat

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NRI remittances touch a new high at $6.5 bn

Remittances by non-resident Indians (NRIs) saw a 27 per cent jump at $ 6.5 billion (Rs 39,991.9 crore in present valuations) between January and September this year, as against 7 per cent growth......

As rupee sinks, NRIs take loans to remit money

Average amount stands at Rs 1.5-2 cr, while borrowing sources are not only banks but friends as well Non-resident Indians (NRIs) are taking loans to remit more money to India to benefit from the......
  Web results for Promoth Manghat
Financial sector to plead against service tax on remittances

Amid an expected rise in the cost of remittance due to increase in service tax, the financial services industry plans to ask the Government to... ...

http://www.thehindubusinessline.com/industry-and-economy/banking/financial-sector-to-plead-against-service-tax-on-remittances/article6612023.ece?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=RSS_Syndication

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