Stay updated with the latest remittance news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on remittance topics.
New Delhi: July is a crucial month for tax compliance. Whether you're a salaried individual, a business owner, or a government office, several important tax deadlines fall this month. From TDS payments and certificate issuance to filing quarterly statements, staying on top of these dates is key to avoiding penalties. Although the ITR filing deadline for non-audited taxpayers has been extended to September 15, 2025, many related tasks still need to be completed in July. - TDS/TCS Payment for Jun ...Read More >
Bengaluru: Karnataka Chief Minister Siddaramaiah on Friday said the quality of police investigation has decreased and it needs to be improved. "Although it is a matter of relief that the crime rate in the state has decreased, the quality of police investigation has decreased, and this needs to be improved," Karnataka CM said. He gave these instructions after holding a meeting of senior police officers and a progress review meeting of the police department at the office of the State Director Ge ...Read More >
Top News 1. India posts strong current account surplus, signals robust economic fundamentals India recorded a current account surplus of USD 13.5 billion (1.3% of GDP) in Q4 of FY25, marking the first surplus in four quarters and showcasing the country's strong external position. This positive development was driven by record-high services exports and robust remittance inflows, which together reinforced the resilience of India's external sector. For the full fiscal year FY25, the current accou ...Read More >
Mumbai: The rupee rose 22 paise to close at 85.50 against the greenback on Friday on the back of sustained inflow of foreign funds and firm domestic equity markets. Lower level of American currency index also favoured the Indian unit though an uptrend in crude oil prices capped its gain, forex traders said. Foreign institutional investors (FIIs) purchased equities worth Rs 1,397.02 crore on a net basis on Friday, according to exchange data. This inflow came on the heels of a net buying of equi ...Read More >
MUMBAI (Reuters) -India's current account posted a surplus for the first time in four quarters in the January-March period, helped by higher services exports, the central bank said on Friday. The current account surplus stood at $13.5 billion, or 1.3% of GDP in the fourth quarter of the fiscal year 2024-2025 versus the polled estimate of $8.5 billion, or 0.9% of GDP. The surplus compares with a deficit of $11.3 billion or 1.1% of GDP in the preceding quarter, the Reserve Bank of India said in ...Read More >
Mumbai, June 27 (SocialNews.XYZ) India recorded a current account surplus of $13.5 billion, constituting 1.3 per cent of GDP, in the fourth quarter of financial year 2024-25 (January-March), according to data released by the Reserve Bank of India (RBI) on Friday. The robust performance has reversed the current account deficit of $11.3 billion (1.1 per cent of GDP) in the preceding third quarter (October-December) of 2024-25. It also represents a more than two-fold increase from a surplus of $4. ...Read More >
MUMBAI (Reuters) -India's current account posted a surplus for the first time in four quarters in the January-March period, helped by higher services exports, the central bank said on Friday. The current account surplus stood at $13.5 billion, or 1.3% of GDP in the fourth quarter of the fiscal year 2024-2025 versus the polled estimate of $8.5 billion, or 0.9% of GDP. The surplus compares with a deficit of $11.3 billion or 1.1% of GDP in the preceding quarter, the Reserve Bank of India said in ...Read More >
"He was earlier apprehended by the Central Bureau of Investigation in connection with another fraud case and is currently in judicial custody. "The case was initially registered in January 2017 based on a complaint from a private bank," Deputy Commissioner of Police (Economic Offences Wing) Vikram K. Porwal said in a statement. The bank had alleged that 467 fake Foreign Inward Remittance Certificates (FIRCs) were submitted by 18 account holders - belonging to 17 different firms - at its Narain ...Read More >
New Delhi: Economic Offences Wing of Delhi Police arrested Angad Pal Singh, a businessman, in connection with a massive Rs 30.47-crore export fraud involving forged foreign inward remittance certificates (FIRCs). Singh was taken into custody on June 2 after being deported from the US. Singh, who helped his father in the business of auto spare parts, was earlier arrested by Central Bureau of Investigation in another fraud case and was later handed over to EOW for his role in this export scam.Poli ...Read More >
New Delhi [India], June 7 (ANI): The Economic Offences Wing, Delhi Police, has arrested the accused Angad Pal Singh in a cheating and forgery case of Rs 30.47 crores. The accused Angad Pal Singh, along with his father Surinder Singh and brother Harsahib Singh, was holding ownership of five firms, namely Kumar Trading Company, National Trader, Trident Overseas India, HSC Exim India and AHC Auto Spares. As per the Delhi Police, the accused, Angad Pal Singh, used to manage the affairs of these co ...Read More >
New Delhi, June 7 (SocialNews.XYZ) An exporter was arrested for cheating and forgery related to a foreign trade benefit scam, causing a loss of Rs 30.47 crore to the exchequer, a Delhi Police official said on Saturday. "Angad Pal Singh was arrested soon after his deportation from the US and arrest by CBI in another case," said Vikram K. Porwal, Deputy Commissioner of Police (Economic Offence Wing). He said the accused was arrested on the complaint of the Naraina branch of ICICI Bank, which det ...Read More >
New Delhi [India], June 7 (ANI): The Economic Offences Wing, Delhi Police, has arrested the accused Angad Pal Singh in a cheating and forgery case of Rs 30.47 crores. The accused Angad Pal Singh, along with his father Surinder Singh and brother Harsahib Singh, was holding ownership of five firms, namely Kumar Trading Company, National Trader, Trident Overseas India, HSC Exim India and AHC Auto Spares. As per the Delhi Police, the accused, Angad Pal Singh, used to manage the affairs of these co ...Read More >
New Delhi, Dec 14 (IANS) The Unified Payments Interface (UPI) has achieved 15,547 crore transactions worth Rs 223 lakh crore from January to November this year, 'showcasing its transformative impact on financial transactions' in India, the Finance Ministry said on Saturday. The Finance Ministry also said that UPI is now accepted in seven countries including France, UAE, Singapore, Sri Lanka, Mauritius, Bhutan and Nepal. The UPI system provides a cheaper and quicker alternative to the available c ...Read More >
The Reserve Bank of India raised the interest rate caps on Foreign Currency Non-Resident Bank (FCNR-B) deposits to attract more capital inflows, amid pressures on the rupee. Starting December 6, banks can offer higher rates -- up to 400 basis points for 1-3 year deposits and 500 basis points for 3-5 year deposits -- until March 31, 2025. This move comes as the rupee faces volatility.The Reserve Bank of India on Friday announced a raise in the interest rate caps on the Indian diaspora's foreign c ...Read More >
The Supreme Court on Monday stayed further recovery of an outstanding tax demand from news portal NewsClick, directing the company's banker not to release any more money to the tax department based on a 2023 notice, and allowing the portal to use its two bank accounts for daily operations. The order was passed by a bench headed by justice BV Nagarathna on an application moved by PPK Newsclick Studio Limited, which alleged that ICICI Bank was not allowing the company to use its accounts despite ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.