CBI sends LRs to five countries to unearth money trail in INX media case
CBI has arrested former FM Chidambaram in connection with alleged corruption in granting clearance to foreign investment in INX media.
HNIs using remittances plan to evade taxes: SIT
Under LRS, there is no restriction on use of funds remitted abroad. The SIT believes the situ...
Spending on overseas travel, education records a 60% surge
Travel industry experts say that Indians are spending more on foreign travel than ...
Look where HNIs are parking money amid equity, debt market uncertainty
Besides meeting, ultra-HNIs are also taking an active part in philanthropic activities.
Bribery case against Rakesh Asthana: HC asks CBI to file timeline on need for sending LRs to nations
The High Court directed the CBI to file a timeline of events relating to the ongoing investigation in a bribery case involving Rakesh Asthana.
Bengalureans bring the party home, spend Rs 50L-Rs 1 cr on entertainment spaces at their pads
People in the city are now incorporating a restobar lookalike at home.
Tighter reporting of remittances under LRS to prevent abuse
Ever since India’s foreign exchange reserves crossed $100 billion in 2003, the Reserve Bank has been allowing Indians to remit money abroad under various accounts.
Want to invest in foreign financial markets? Here's a quick guide
International investing opens doors to promising industries and companies that are not present in the local markets.
Tax queries: Investment in Bitcoins not allowed under LRS scheme
Every week, an expert selected by ET answers queries from our readers on tax.
PAN becomes mandatory for sending money abroad for kids studies, investing: LRS rules tightened
RBI has tightened the rules for remitting money abroad under the Liberalised Remittance Scheme and made PAN mandatory for anyone using this scheme.
Court allows ED plea for LRs to probe Nirav Modi assets
Nirav Modi is a key accused in the PNB fraud case being investigated by the ED and other agencies.
Now, you can transfer money abroad in seconds
The GPI aims to reposition SWIFT so that by the end of 2020 customers can send money to anyone anywhere in the world on the same day, with full tracking and transparency.
RBI to keep closer watch on those sending funds abroad
Ever since India’s foreign exchange reserves crossed $100 billion in 2003, the central bank has been allowing Indians to remit money abroad under various accounts.
Investors get notices for Liberalised Remittance Scheme breach
A dozen individuals were told by the ED that they had overstepped investment limit under the liberalised remittance scheme.
VVIP chopper deal: CBI gets partial responses to its LRs
CBI sources said the agency has received partial responses from Mauritius, Tunisia, Italy, British Virgin Island, the UK and Switzerland.
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