As the new Tax Collection at Source (TCS) on foreign remittances is set to become applicable from October 1, travel agents' body TAAI has made a last-minute plea to the government, urging them to abolish the decision or defer its implementation until the next fiscal year to allow discussions on overseas tour packages. The government has raised the TCS on foreign remittances under the Liberalised Remittance Scheme (LRS) from 5 per cent to 20 per cent. This will be applicable to international travel, sending money abroad and other remittances.
If left unchecked, the 2024 elections may be infamously remembered as the election of deepfakes. The ECI has a tough task ahead, but, more importantly, it has an opportunity to become a global model for scores of countries going to polls this year, notes Ajay Kumar.
Funds raised by India Inc. through offshore loan syndication hit a 15-year high in 2023 with companies and banks raising $21.4 billion, the highest since 2007. The momentum is expected to continue in 2024 as well with over $4 billion fund raising expected in the first three months of this year. Companies raise funds, both onshore and offshore, depending on interest rates and activities. Funds raised offshore can be deployed in overseas activities.
'The allegations of government involvement in targeted assassinations abroad are likely to help, not hurt, the ruling party.' 'True or false, they convey a sense of muscularity and, in some quarters, are celebrated as a harbinger of 'great power' status.'
Resident individuals can acquire and hold immovable property or shares or any other asset outside India without prior approval of the RBI.
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'Not for somebody else.' National Security Adviser M K Narayanan on the Indo-US nuclear deal.
As India's diplomatic tensions with the Land of the Maple Leaf escalate, so do the anxieties of countless Punjabis.
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'Kalinga Nagar was a shock to everybody'\n
\n'How we acquit ourselves in the next couple of years will decide the fate of all these projects coming up,' says BJD MP Jay Panda.
rediffGURU Kanchan Rai, founder Let Us Talk, offers advice on how to navigate problems in a relationship.
Salman Rushdie, who was knighted by Britain's Elizabeth II, turns 60 today.
Presenting our latest in the series of #India-Photos!
'You need to have a really textured, rich, intimate, long-standing local knowledge of places like this before you start running around creating governments,' says Afghan expert Sarah Chayes.
Pooja Poddar couldn't believe her luck when she posed with John Abraham for a picture.
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'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.'
'Tax dodging through tax havens is one of the ways multinational corporations and the super-rich in India are using to evade taxes.'
The services sector growth in India rose to a 13-year high in September on sharp increase in new business amid strong demand conditions, and job numbers continued to increase as overall business mood improved, a monthly survey said on Thursday. The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 60.1 in August to 61 in September, signalling a sharp upturn in output. In Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion while a score below 50 denotes contraction.
'We just have too many challenges ahead of us. We just cannot look backward,' says Nobel Peace Prize winner Dr Mohamed ElBaradei.
Bringing you the latest from our #India-Photos series! You too can post photographs from your travels around the country here and we will carry select pictures right here on Rediff.com
Readers have been sharing their best travel images from around the country here! You can share your best #India-Photos too!
According to a 2021 Redseer report, India's overseas education market is estimated to more than double to $80 billion by 2024.
Rediff.com's readers share the best of their India travel images. You can share yours too!
Mother's Day reminded me of how my mom learned to cook Indian food.
The Dadasaheb Phalke International Film Festival Awards were held at Mumbai's Taj Lands End hotel on February 20.
It took four hours of thoughtful debate by a distinguished jury to choose the India Abroad Person of the Year 2003 from 186 Indian-Americans nominated by readers of India Abroad and rediff.com.
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Send us your favourite pani puri pictures, recipes along with a short description of your favourite memory of the street food and what you like the most about it.
