NRI

NRIs Can Now Directly Pay Electricity, Water Bills For Their Families In India RB Governor Shaktikanta Das has announced that Bharat Bill Payment System (BBPS) will facilitate inward gross payments for NRIs to pay bills in India. …

NRIs Can Be Banned From Owning Houses In India: Find Out Why Madras HC Wants This To Happen As per the reports, to ensure housing for all, the Madras High Court has proposed a ban on non-resident Indians from purchasing houses in India,…

Income Tax Alert: Govt Will Remove All Exemptions; NRIs Will Be Forced To Pay Income Tax! As per the reports, the Finance Minister Nirmala Sitharaman has moved a proposal in the Union Budget aimed at taxing non-resident Indians (NRIs)…

UPI Breaches 1 Billion Transactions, 100 Million+ Users in October; Will Become Global Platform! In the present times, the Unified Payment Interface (UPI) ecosystem is expanding, especially due to its ease in interfacing for customers.…

200 million immigrants globally sent $445 billion to their home countries as remittances in 2016. Among them, Indians were the #1 in sending remittance, as total of $62.7 billion was sent to India from abroad. This way, India has…

Globally, 1800 people die from water-related diseases every day, all over the world; 2000 kids under the age of 5 die every 5 days due to water-related diseases. In 2013, UNICEF described the situation like this: “If 90 school buses…

The NRIs (Non Resident Indians) are having lots of taxation issues especially when it comes to sale or purchase of property, securities, investments settlement, filling of returns, other various compliances etc. So, we will be…

World Bank has shared their latest report on global remittances, and yet again Indians have topped the charts. NRIs sent $70.4 billion to India in 2014, which is 12% of global remittances which stood at $583 billion. As per the…

Jeff Bezos backed Remitly has started offering remittance services from USA to India, and has ignited the $11 billion market with aggressive pricing and forex rates. Founded in 2012, Remitly started its operations with the Philippines…

Globally, migrant workforce sent $404 billion to their home countries in the year 2013 and out of that, Indian have beaten them all. Migrant Indian workforce sent remittances worth $70 billion (Rs 4 lakh 20 thousand crore) back home,…