MUMBAI (Reuters) -India's central bank plans to tighten rules for overseas remittances by resident Indians, barring them from holding foreign currency deposits with lock-in periods, two government ...

Bangladesh recorded its second-highest monthly remittance inflow in history in May, receiving $2.97 billion, according to Bangladesh Bank. This is mainly due to the upcoming Eid-ul-Azha, as expatriate ...

Remittance tax fallout: Should NRIs pull money out of US The proposed policy could massively affect the 2.9 million Indian immigrants currently living in the U.S. (as of 2023), who make up around ...

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The 3.5% remittance excise tax has the potential to have a big effect on India if it is implemented.

Remittance is a vital component of Bangladesh's economic strategy, serving as a catalyst for economic growth, poverty reduction, investment, and human capital development. We must fully harness the ...

THE performance of GraceKennedy’s Money Services (GKMS) division continues to be hampered by a sluggish remittance market as both revenue and profit for the segment fell short of the previous ...

What are the implications of the remittance tax proposed by Donald Trump? Remittances are money transfers sent by migrants from abroad to their home countries. In Mexico’s case, they represent ...

U.S. remittance tax plan may hit Indian households, rupee: GTRI It targets international money transfers made by non-U.S. citizens, including green card holders and temporary visa workers like ...

House Republicans have included in Trump's domestic policy bill a 5% tax on cash payments sent by non-citizens to family in their home countries.

Long-time US residents like Sreekar Reddy, who is originally from Nizamabad, feels that the remittance tax adds more stress on him for helping his family back home.

Remittance startup Felix Pago raised $75 million in a Series B round led by QED Investors as it looks to expand operations to more countries in Latin America and broaden its product offering.