FOREIGN INWARD REMITTANCE CERTIFICATE
PayPal reduces remittance certificate charges by 50% for small sellers
PayPal believes it will help in their move to encourage small sellers to sell goods and services globally and use PayPal as their payments platform.
ED slaps Rs 62 lakh notice against Zahoor Watali for foreign exchange rule violation
The federal probe agency has issued a final showcause no...
NPCI plans international remittance on UPI platform
IMPS or Immediate Payment Service and NEFT or National Electronic Fund Transfer are modes...
Documents & compliances that every exporter needs to keep in mind
For cross-border transactions, unless specifically mentioned the default POS for services is the location of the recipient of service i.e. outside India.
Kerala, Maharashtra, Karnataka & Tamil Nadu get 60% of total remittance in FY17
Nearly 82 per cent of the total remittances received by the country originated from eight countries - the UAE, US, Saudi Arabia, Qatar, Kuwait, Oman, UK, and Malaysia.
NRIs may send more money home as rupee slumps
Inward remittances are set to rise, especially from the Middle East, the US and Southeast Asian countries amid a falling rupee.
Followed norms while transferring money to David Headley: IndusInd Bank
IndusInd Bank said it had followed all regulatory guidelines while handing over cash to the Pakistani-American Lashkar-e-Taiba operative David Headley.
Amnesty India FEMA probe case: Enforcement Directorate conducts searches in Bengaluru
The searches are in connection with alleged violation of foreign direct investment (FDI) norms that is linked to an earlier case of revocation of FCRA licence of the NGO by the Union Home Ministry in 2010, the ED said.
Bihar at fifth position in terms of inward remittance
Bihar is at fifth position in terms of receiving foreign remittances, with a total of over Rs 200 crore sent through post offices in last fiscal.
Commerce ministry relaxes sugar export norms: Report
Ministry has liberalised export norms for sugar after the new rules it announced on Monday raised a storm of protest within the sugar industry.
How economic downturn in Gulf states has resulted in a drop in remittances into India
India, the largest remittance-receiving country worldwide, witnessed a near 9% drop in NRI pay-in flows to $62.7 billion in 2016 over the previous year.
Paytm logs in to Forex, to start offering foreign exchange services soon
Besides Paytm, other payments banks like Airtel Payments Bank and Jio Payments Bank have also received the licence, as mentioned by RBI.
Transfast targets to capture 7 per cent of remittances to India
The company that started Indian operations a few years ago now has 45,000 payout locations in the country.
Thomas Cook India inks pact with ItzCash to offer remittance services
Thomas Cook has entered into a partnership with ItzCash to extend its outreach to India’s rapidly growing unbanked inward remittance market, by offering remittance services.
Reporting of foreign investment in Indian companies
The Regional Office will then allot a Unique Identification Number (UIN) for the same.
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