remittances

Indian overseas travel spending saw a significant drop in March, with remittances falling by over $212 million from February. This decline, attributed to rising oil prices and a weakening rupee, occurred despite travel remaining the largest component of outward remittances under the Liberalised Remittance Scheme.

Enforcement Directorate officials conducted searches at multiple Vedanta Ltd locations across Delhi, Mumbai, and Udaipur on Monday. The agency is investigating suspected violations of the Foreign Exchange Management Act (FEMA) concerning brand royalty transactions between Vedanta Resources in the UK and its Indian subsidiary. Vedanta stated it is cooperating fully with the authorities.

He was one among thousands who left Kerala for Saudi Arabia. Then came an accident, a death sentence and a Rs 34-crore campaign to set him free and bring him back home

The CEA’s words could not be more direct and the situation the world’s sixth largest economy faces is by no means small. Several macroeconomic indicators are in focus; inflation, health of the current account, and the exchange rate.

US Secretary of State Marco Rubio addressed Cubans on their Independence Day, highlighting severe hardships and blaming the communist leadership, particularly the military conglomerate GAESA, for plundering billions. Rubio offered a new path with $100 million in aid, to be distributed via trusted charities, not GAESA, contrasting elite wealth with public suffering.

India's global migration impact is soaring, with its diaspora of 19 million driving a record $137 billion in remittances for 2024. The nation also leads in student and skilled worker emigration, particularly in tech and healthcare. Key corridors include UAE, US, and Saudi Arabia, showcasing a dynamic shift in global labor.

Non-Resident Indians can invest in Indian real estate, including residential and commercial properties, and land for construction, under FEMA rules. While agricultural land is restricted, NRIs can purchase apartments, offices, and plots. Key documents and tax compliance are essential, with specific deductions available for interest and principal payments. Payments must follow prescribed banking channels.

Officials use Google Maps, IP logs to crack case

India's economy has faced significant challenges from global oil price surges over the past fifty years. From the 1973 Arab embargo to the recent Hormuz disruption, these shocks have impacted inflation and foreign exchange reserves. Policymakers have continuously adapted strategies to manage these crises, balancing economic stability with consumer needs.

UAE mandates private firms to pay staff by the first of each Gregorian month from June 1, 2026. This stringent wage protection reform aims to bolster worker rights and labour compliance. The move standardizes payroll, with delayed payments automatically flagged, impacting millions of expatriates reliant on timely salaries for essential expenses.

The PM wants us to use public transport, shift to electric vehicles, work from home, take fewer vacations abroad, and reduce gold purchases. The reason isn't as sudden as you might think

PM Modi has called on citizens to adopt measures aimed at conserving foreign exchange, as the surge in oil prices triggered by the Iran conflict has intensified pressure on the rupee and strained India’s foreign exchange reserves.

In a decade, India built the world’s largest population-scale real-time payments system. It changed not just banking, but behaviour itself

Fuel, gold, edible oil, foreign travel, and fertilisers — how much do they cost India, and how much do they matter right now?