Remittances
Iran conflict ends, but what does Pakistan gain? Economy, diplomacy in focus
Pakistan played a key diplomatic role in easing tensions during Iran conflict, helping protect its economy from rising energy costs and regional instability. Here is how Islamabad could benefit through stronger global standing, safer remittances, improved trade prospects and renewed opportunities
3 min read25 Jun 2026The benefits and risks of RBI’s policy on foreign currency NRI deposits
To shore up the rupee, the government is looking at NRIs to make foreign currency deposits in Indian banks. This has implications for India’s external debt management.
5 min read22 Jun 2026Rupee jumps 39 paise to open at 95.37 against US dollar
Rupee rises to 95.37 against USD, driven by declining oil prices and hopes for an Iran peace deal. Record inward remittances of USD 110.47 billion in FY26 offer some relief, but long-term stability requires consistent foreign capital. Analysts urge caution amid geopolitical tensions.
3 min read12 Jun 2026India, Nepal open UPI-NPI digital corridor for instant remittances
The cross-border digital payment link will allow citizens of both countries to make seamless, secure and real-time transfers and payments using familiar mobile banking applications, UPI apps, and digital wallets.
1 min read11 Jun 2026Planning to send money abroad? Here’s what taxpayers should know about new income tax forms 145 and 146
Indians sending money abroad for various purposes must comply with new income tax forms 145 and 146, replacing Forms 15CA and 15CB. Details here.
2 min read25 May 2026Diaspora dollars: be thankful for non-residents sending money home but let’s not taken these flows for granted
With India’s foreign-exchange reserves at $691 billion, we can breathe easy on the external front for now. Credit the Indian diaspora for some of this. But resident citizens, as Prime Minister Narendra Modi has urged, must do their bit as well.
2 min read13 May 2026Are you sending money abroad in 2026? Check new Income Tax Forms 145 & 146 for foreign remittances and compliance
Sending money abroad in 2026 now demands stricter compliance with Form 145 and 146 for foreign remittances. India has streamlined disclosures, ensured accurate TDS and improved transparency for overseas payments.
2 min read30 Apr 2026TDS, TCS changes explained: What NRIs, students, travellers and investors should know in FY 2026
Starting 1 April 2026, new TDS and TCS rules aim to streamline tax processes, reducing errors and mismatches. Key changes include lower TCS rates, simplified property transactions for NRIs, and a unified TDS declaration form to ease taxpayers' paperwork.
2 min read14 Apr 2026Travel, cross-border fintechs face twin blows from West Asia war
The West Asia war and a depreciating rupee have made travellers cautious about forex use and have disrupted business payment flows, cross-border settlements and remittances.
5 min read6 Apr 2026Explainer | Why India is pushing to cut remittance costs at WTO
India is spearheading a proposal at WTO to reduce cross-border remittance costs, which swallow 5-6% of transaction values. By targeting regulatory and technical barriers, the move aims to boost disposable income for Indian households and formalize global financial flows.
2 min read19 Mar 2026Wait for it…
Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.