Remittance

NEW YORK/WASHINGTON: MoneyGram International was sued on Thursday by two regulators that said it repeatedly and unfairly violated a federal rule designed to make it easier for people to send money to friends and family outside the United…

A currency exchange dealer holds dollars in his hands. Photo: AFP/FileWhile marking the 72nd national day of Pakistan, the country’s envoys celebrated the contribution of overseas Pakistanis sending remittances back to the…

Indian arms of companies from France, Netherlands would now not be eligible for low tax rate of 5% while remitting dividends to their overseas parents. India’s apex direct taxes body Thursday said taxpayers from these countries cannot apply…

COLOMBO : Sri Lanka's top central bank official on Saturday said remittances have declined over the past six months, prompting authorities to examine if the sudden drop in foreign cash inflow was linked to the use of any illegal…

NEW DELHI: The Central Bureau of Investigation (CBI) on Wednesday arrested 6 persons in connection with the Rs 6,000-crore foreign exchange remittance scam in the Bank of Baroda, which was detected in 2015, officials said. The CBI also…

LONDON: Afghanistan's central bank has ordered banks to pay out remittances in local currency only, the latest move to preserve scarce US dollars, say sources familiar with the matter. Hard currency remittances have formed an important…

<!-- -->Enhancement of Indo-Nepal remittance facility scheme are expected to boost trade paymentsReserve Bank on Friday hiked the ceiling on remittances per transaction from India to Nepal to Rs 2 lakh from Rs 50,000, a move that will…

Central American countries are eagerly waiting to see if El Salvador's adoption of Bitcoin as parallel legal tender cuts the cost of remittances, an important source of income for millions of people, the region's development bank…

SAN SALVADOR : Central American countries are eagerly waiting to see if El Salvador's adoption of bitcoin as parallel legal tender cuts the cost of remittances, an important source of income for millions of people, the region's…