Thomas Cook India Launches Digital Service TCPay For International Money Transfers
Thomas Cook India's TC Pay is a user-friendly digital interface that allows for 24x7 remittances facility.
Huge drop in remittances from Gulf countries in FY21 due to Covid-19
The share of inward remittances from Gulf nations dipped sharply during 2020-21 on account of the economic stress created by the COVID-19 pandemic, said an RBI article. On the other hand, advanced economies like the US, the UK and Singapore emerged as important sources for the country for remittances, accounting for 36 per cent of the total payments in 2020-21, the article said citing an RBI survey.
Jul 17, 2022, 17:49 PM IST
India to retain top position in remittances with $80 billion: World Bank
Over the last three years, India has registered a significant flow of remittances from USD 62.7 billion in 2016 to USD 65.3 billion 2017.
Dec 08, 2018, 10:59 AM IST
India retains top spot as world's largest remittance recipient country in 2016, receives $62.7 billion: UN report
The study said India was the top receiving country for remittances in 2016 at USD 62.7 billion, followed by China (USD 61 billion), the Philippines (USD 30 billion) and Pakistan (USD 20 billion).
Jun 15, 2017, 10:52 AM IST
India receives $235 billion in remittances in last 3.5 years
India received a whopping USD 235 billion in remittances in the last three-and-a-half years, as per government data.
Mar 23, 2017, 20:07 PM IST
Weak oil prices may hit remittances from Gulf nations: Crisil
Continuing weakness in oil prices may impact remittances from Gulf countries into India, a report by domestic ratings agency Crisil said.
May 22, 2016, 16:21 PM IST
Remittances by overseas Indians fall by 2.9%, first decline since 2009
For the first time since 2009, remittances by the overseas Indians slowed down bringing worries to external advisers of Reserve Bank of India (RBI) governor Raghuram Rajan abou the monetary policy impact.
May 06, 2016, 08:57 AM IST
Despite $1 billion drop, India retains world's largest remittance recipient country tag in 2015
India retained its top spot in 2015, attracting about USD 69 billion in remittances, down from USD 70 billion in 2014, the World Bank said in its annual report 'Migration and Development Brief'.
Apr 14, 2016, 13:25 PM IST
CBI searches Bank of Baroda branches for Rs 6,100 crore suspected black money transfer
CBI on Saturday carried out searches at Bank of Baroda branches here in connection with the alleged Rs 6100 crore black money which was transferred to Hong Kong, in collusion with bank officials.
Oct 10, 2015, 15:23 PM IST
Firms can remit out salaries of foreigners working in India
The Reserve Bank on Thursday allowed companies to remit overseas the salaries of foreigners working in the country.
Jan 22, 2015, 22:05 PM IST
Govt forms panel to check trade-based money laundering
To curb the menace of illicit fund flows, the government has set up a high level panel that will look into trade-based money laundering activities which particularly involve manipulation of invoices.
Dec 04, 2014, 14:37 PM IST
G20 vows to reduce cost of transferring remittances to 5%
India pushed for a reduction in the remittance costs of non-residents at the G20 summit that ended today.
Nov 16, 2014, 15:08 PM IST
'Indian beneficiaries get Rs 2.3 lakh/year in avg remittances'
Indians beneficiaries receive an average of Rs 2.30 lakh per year in remittances from their family members working abroad in a year and half of them said that the income has improved savings, a report said.
Nov 14, 2014, 22:06 PM IST
Indian-origin entrepreneur launches unique remittance service 'Xendpay'
A London-based Indian-origin entrepreneur has launched a unique "pay-what-you-want" money remittance service that abolishes compulsory fees.
Nov 05, 2014, 09:39 AM IST
