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The results suggest that on average the same increase in remittances is likely to raise output more in upper-middle income than in low- and lower-middle-income countries (Photo; iStock)
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
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
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