Indian remittance tax to indirectly hit NRIs
Those receiving money from India for investment purposes to pay 5%
Remittance
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Standard Chartered India unveils online remittance service
It will enable clients to transfer funds overseas using their laptops or mobile phones
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NRI deposits in India surge as rupee strengthens
Advisers in UAE are failing to keep the money invested locally
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Fintech firm takes remittance service global
Money can be sent to 100 countries
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Dutch firm partners with Pakistan bank for remittance service
Users will be able to instantly deposit money into any bank account in the country
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India receives highest worldwide inflow of remittances again
Authoritative UN Global Migration report 2020 cites UAE in top three remittance sender countries
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India stays top of global remittances in World Bank list
Remittances grew 14% in India compared to 7% in Pakistan
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Remittances and elections – is there a connection?
India typically records a surge in overseas transfers as government elections approach
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India is top global destination for remittances
But the future growth of remittances is vulnerable to lower oil prices and restrictive migration policies
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Rising remittances to India could avert currency crisis
India received $69bn in overseas remittances last year, equivalent to almost 3% of GDP
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Don’t take that road to debt trap, NRIs warned
Many expatriates from India are borrowing beyond their means to remit money back home
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UK non-dom taxpayers add £9.3bn to gov’t coffers
Non-domiciled taxpayers in the UK contributed £9.3bn ($12bn, €10bn) in tax receipts in fiscal year 2014/15, data released by HM Revenue & Customs shows.