The finance ministry on Friday amended the foreign exchange management rules to exclude international credit card spends from the purview of liberalised remittance scheme (LRS). The amendment to the Foreign Exchange Management (Current Account Transactions) Rules, 2000, will be effective retrospectively from May 16, the ministry said in a notification. "...the use of International Credit Card for making payment by a person towards meeting expenses while such person is on a visit outside India" will not be covered under LRS, the notification said while inserting Rule 7 in the FEM (CAT) Rules.
Such a legislation, the panel said, should be made applicable not only to the NRIs but also to those individuals who come within the definition of 'Overseas Citizens of India' as laid down in the Citizenship Act, 1955.
'When it was confirmed that I would do the song, Manishaji walked up to me and asked, "Please Vijayshree, tell me how are you planning to do the song. Give me a rough idea so that I am mentally prepared".'
rediffGURU Dr Karthiyayini Mahadevan, head of wellness for senior citizens at Columbia Pacific Communities, tells you how you can stay healthy.
Court order follows submission of govt lawyers that Serious Fraud Investigation Office was probing a case of misappropriation of fund by Jet Airways and Goyal.
The court had earlier allowed Burman twice to go abroad, including a trip to London to attend his ailing brother there.
Prime Minister Narendra Modi turned 65 on Thursday, with a host of leaders across the political spectrum wishing him a healthy and long life.
While financial planning is good for you, the process which a planner can put you through is not so great, observes financial planner P V Subramanyam.
"The world's oldest democracy and the world's largest democracy are natural partners, sharing important interests and fundamental democratic values," Obama said.
Passed by the House by 352 to 65 votes, the bill now heads to the US Senate for it to be sent to the White House for the President to sign it into law.
Buying in India is usually cheaper unless you have a pre-existing disease
Calling RBI Governor Raghuram Rajan's exit a 'bad omen' for the Indian economy, eminent economists and former policymakers on Sunday said it will be seen by the world as India's non-approval to a policy against inflation and bad loans.
'It's amazing how many different kinds of patriotic songs we have in our country.'
The judge will hear arguments on the quantum of punishment on July 12 and the convicts can get a maximum sentence of life imprisonment for the offences.
How should one billion Indians, for whom deprivation has become an inescapable way of life, join us in celebrating 75 years of Independence? And where do we go from here? asks Kalyan Singhal.
'Somebody was using somebody to make statements that will stir the stock market and lead to a surge.' 'A sudden surge and a sudden crash is always an ideal situation for people to make illicit gains and then siphoning off the money.'
The Delhi high court on Wednesday granted six-hour custody parole to Popular Front of India (PFI) national coordinator Ibrahim Puthanathani, arrested under the anti-terror law UAPA, to attend his daughter's wedding.
The challenge is to enhance opportunities for people to generate livelihoods through entrepreneurship, both big and small, argues R Jagannathan.
'Had they agreed to our demands that we raised two years ago, we would have never started our agitation again.'
Stepping up his attack on the Bharatiya Janata Party government, Congress leader Rahul Gandhi has alleged that the structures of Indian democracy are under 'brutal attack' and there is a full-scale assault on the institutions of the country.
The persons nabbed have been identified as Perwez Ahmed, Mohd Ilias and Abdul Muqeet (arrested from Delhi) and Shafeeque Payeth who was taken into custody by the ED from Kerala.
Keep track of your foreign remittances to avoid giving incorrect declarations as these could be held against you.
'In India, I'm able to work with the biggest stars on creating a scene, creating that emotion, without being too hung up on their persona.'
'After exiting jail, I thought some of my IIM-A classmates would contact me. None did.' 'The case indeed scared people, which perhaps was the objective of the State.'
The 'Pesta Demokrasi' is a cause for celebration not only for Indonesia but also for democracy and forces for peace all over the globe, notes Sandeep Chakravorty, India's Ambassador to Indonesia.
India's Abhinandan Basu is among the 100 top tattoo artists in the world list.
Mother's Day reminded me of how my mom learned to cook Indian food.
Hours before the crucial United States mid-term polls, Congressman Ami Bera's re-election campaign got a shot in the arm with First Lady Michelle Obama appealing to voters in California seat, where the Indian-American is locked in a tight contest, to vote for him.
At this year's TIME ball in New York City on Thursday, April 25, you would have run into a Coimbatore-born American scientist, looking lovely in Sabyasachi Mukherjee designer finery, who would most likely have been hanging out with Dua Lipa.
The limit under the Liberalized Remittance Scheme (that was earlier $200,000 and now brought down to $75,000) is applicable per person per financial year.
Delhi reported its fourth case of monkeypox on Wednesday, with a 31-year-old Nigerian woman testing positive for the disease, official sources said.
Observing that a look out circular (LOC) restricts a person's free movement and the right to travel, the Calcutta high court has said it should be issued only in exceptional circumstances.
Judge Srikanth 'Sri' Srinivasan is the front-runner to replace the late Justice Anthony Scalia on the US Supreme Court.
For that to happen, Moitra's much followed speeches should be heard outside Parliament so that the PR spins of the ruling dispensation are countered with informed debate, argues Shyam G Menon.
A student should begin the ground work in classes 9 and 10 in order to gain a clear understanding of what the college application process entails and to be prepared to deal with the pressures that will follow.
Amidst the investigation into the security breach in Parliament -- which I emphasise, should be done -- let us not forget the grievances raised (this is, of course, assuming the protestors were there to put the spotlight on said grievances and not for any other purpose). For questionable laws, unemployment, Manipur, authoritarianism; all these are contemporary worries among sections of the public, points Shyam G Menon.
Gandhi had recently alleged in London that the structures of Indian democracy are under "brutal attack" and there is a full-scale assault on the institutions of the country.
Even if no statistical jugglery is afoot, only to warn that the 'noise' in the numbers should be eliminated in order to hear the underlying music, without distortion, warns T N Ninan.
The other three people chargesheeted are Arif Abubakar Shaikh, Shabbir Abubakar Shaikh and Mohammad Salim Qureshi --- all residents of Mumbai.
BJP candidate Rajeev Chandrasekhar's wife and son who keep themselves far from the political limelight reveal what it is like to campaign for the first time.
