Under the RBI’s LRS, resident Indians can remit up to $250,000 per year under various heads

Opinion | Wealth has wings

1 min read . 16 Sep 2019
The cost for sending money to South Asia was the lowest at 5.4%, while Sub-saharan Africa continued to have the highest average cost at 9%. Photo: iStock

No respite for cost of remittance

2 min read . 29 Dec 2018
Time and again, there have been reports on transfers being made outside India that have run into issues with the tax and regulatory authorities. Photo: Priyanka Parashar/Mint

Remittances: A note of caution

5 min read . 20 Apr 2018