Remittances to India rose to $66.13 bn in 2011-12
September 7th, 2012 - 9:34 pm ICT by IANS
New Delhi, Sep 7 (IANS) Remittances to India surged to $66.13 billion in 2011-12 as compared to $55.62 billion in the previous year, Minister of Overseas Indian Affairs Vayalar Ravi ... Read more...
Posted in Business |
No service tax on foreign remittances: Government
July 10th, 2012 - 7:44 pm ICT by IANS
New Delhi, July 10 (IANS) The government said Tuesday remittances sent from overseas will not be liable for service tax charge, putting to rest the confusion that had arisen ... Read more...
Posted in Business |
Punjab opposes service tax on foreign remittances
July 8th, 2012 - 3:57 pm ICT by IANS
Chandigarh, July 8 (IANS) Punjab, which has a substantial NRI population has opposed the 12 percent service tax on remittances from foreign countries, an official said Sunday. The cess ... Read more...
Posted in Health Science |
Vigilance report to help probe AI’s alleged ticketing scandal
May 20th, 2012 - 7:22 pm ICT by IANS
New Delhi, May 20 (IANS) A 2011 vigilance report, which had exposed certain discrepancies in Air India's ticket sales, will be reviewed to further probe allegations of wrong-doing in awarding ... Read more...
Posted in Business |
Airtel, Axis Bank join hands for mobile banking
May 16th, 2012 - 9:56 pm ICT by IANS
New Delhi, May 16 (IANS) Telecom company Bharti Airtel Wednesday said its subsidiary, Airtel mCommerce Services, and Axis Bank have partnered to offer banking and payment services, especially to India's ... Read more...
Posted in Sci-Tech |
Africans replacing Indian workers in Gulf?
December 25th, 2011 - 5:13 pm ICT by IANS
New Delhi, Dec 25 (IANS) In a trend that may work adversely on remittances to India and the region, Gulf nations are now increasingly hiring Africans over Indians, Pakistanis, Bangladeshis ... Read more...
Posted in Business |
Indian migration remains high despite economic crisis
December 4th, 2011 - 1:36 pm ICT by IANS
New Delhi, Dec 4 (IANS) India not just continues to rank first in terms of remittances from its diaspora, just short of $60 billion in 2010, but has also seen ... Read more...
Posted in Business |
India tops again in remittances from diaspora (Lead)
December 1st, 2011 - 8:48 pm ICT by IANS
New Delhi, Dec 1 (IANS) India is estimated to have got $58 billion in remittances - the highest for any country - from its diaspora in 2011, followed closely by ... Read more...
Posted in Uncategorized |
India tops again, gets $58 bn remittance in 2011
December 1st, 2011 - 4:23 pm ICT by IANS
New Delhi, Dec 1 (IANS) Maintaining its leading position, India is estimated to get $58 billion remittance from its diaspora in 2011, followed closely by China at $57 billion, ... Read more...
Posted in Business |
US accused of involvement in Syria violence: Arab League
November 8th, 2011 - 1:02 am ICT by IANS
Cairo, Nov 7 (IANS) The Arab League announced Monday that it had received a message from Syrian Foreign Minister Walid Muallem, which accused the United States of involvement in the ... Read more...
Posted in World |
Bill for revamping India Post soon: Sibal
October 20th, 2011 - 10:25 pm ICT by IANS
New Delhi, Oct 20 (IANS) A bill for revamping the postal department, which includes opening up some segments to private players, will be introduced in parliament soon, Communications and IT ... Read more...
Posted in Business |
Bangladesh’s forex reserves slip below $10 bn
October 1st, 2011 - 9:54 am ICT by IANS
Dhaka, Oct 1 (IANS) Bangladesh's foreign exchange reserves have dwindled below $10 billion after maintaining the double-digit-billion mark for three years, a media report said.The reserves with the central bank ... Read more...
Posted in Business |
Government trying to defame me, says Ramdev
September 3rd, 2011 - 11:05 pm ICT by IANS
New Delhi, Sep 3 (IANS) Stating that he has not received any notice under Foreign Exchange Management Act (FEMA), yoga guru Baba Ramdev Saturday accused the government of trying to ... Read more...
Posted in Politics |
Ramdev denies information on ED registering case
September 1st, 2011 - 8:53 pm ICT by IANS
Haridwar, Sep 1 (IANS) Yoga guru Ramdev Thursday denied any information of the Enforcement Directorate (ED) registering a foreign exchange violation case against him.
"There have been media reports ... Read more...
Posted in Politics |
ED files foreign exchange case against Ramdev
September 1st, 2011 - 2:43 pm ICT by IANS
New Delhi, Sep 1 (IANS) The Enforcement Directorate (ED) Thursday registered a foreign exchange violation case against yoga guru Baba Ramdev, officials said.According to sources, the ED has found evidence ... Read more...
Posted in Uncategorized |
Nepal Maoists say no to export-oriented power projects
June 20th, 2011 - 10:18 am ICT by IANS
Kathmandu, June 20 (IANS) Nepal's Maoists have decided not to allow any hydropower project that intends to export the generated power, a decision that immediately impacts Indian group GMR as ... Read more...
Posted in Uncategorized |
Reliance Money Express to offer services in South India
May 19th, 2011 - 8:41 pm ICT by IANS
Cochin, May 19 (IANS) Reliance Money Express, part of the Anil Dhirubhai Ambani Group Thursday announced a tie-up with Muthoottu Mini Financier (MMF) for offering money transfer services to customers ... Read more...
Posted in Uncategorized |
Mumbai’s Dharavi slum a vibrant remittance hub: Banker
May 19th, 2011 - 6:51 pm ICT by IANS
Panaji, May 19 (IANS) It is Asia's biggest slum, located in the heart of Mumbai, but Dharavi is also a vibrant financial remittance hub and the Corporation Bank is ... Read more...
Posted in Business |
Foreign direct investment norms eased for Limited Liability partnerships
May 11th, 2011 - 9:05 pm ICT by IANS
New Delhi, May 11 (IANS) India Wednesday eased investing norms for limited liability partnership (LLPs) firms, allowing them to receive foreign funds, but restricted such infusion only to those companies ... Read more...
Posted in Business |
Don’t pay money to receive large funds from abroad: RBI
February 15th, 2011 - 6:37 pm ICT by IANS
New Delhi, Feb 15 (IANS) Cautioning the people against fictitious offers of receiving money from abroad, the Reserve Bank of India (RBI) Tuesday said such transactions were illegal and the general public ... Read more...
Posted in Business |
A non-resident Indian can remit $1 mn from property sales (NRI Watch)
December 19th, 2010 - 1:57 pm ICT by IANS
By Kul Bhushan
The prices of ancestral properties left in India by emigrating non-resident Indians (NRIs) have escalated beyond their belief. Little wonder they have developed a new and intense interest in claiming ... Read more...
Posted in Business |
Reserve Bank of India extends financial services to rural areas
September 14th, 2010 - 5:20 pm ICT by ANI
Mirzapur (Uttar Pradesh), Sep14 (ANI): The Reserve Bank of India (RBI) has extended its financial and timely adequate services to the interiors and isolated rural areas of the country, which includes the ... Read more...
Posted in National |
Commonwealth Bank of Australia opens first Indian branch
August 25th, 2010 - 10:58 pm ICT by IANS
Mumbai, Aug 25 (IANS) The Commonwealth Bank of Australia opened its first Indian branch Wednesday, becoming the first Australian bank to operate with a full banking licence in the country.
A company press ... Read more...
Posted in Business |
Western Union plans unique money transfer with SBI
August 25th, 2010 - 7:27 pm ICT by IANS
Kolkata, Aug 25 (IANS) Western Union Services India Pvt Ltd is planning to launch a money transfer service with State Bank of India, the largest lender in the country, in March, ... Read more...
Posted in Business |
Australia’s Commonwealth Bank opens first Indian branch in Mumbai
August 25th, 2010 - 12:54 pm ICT by ANI
Melbourne, Aug 25 (ANI): Australia's second largest bank, the Commonwealth Bank of Australia (CBA), has opened its first branch in India's financial capital Mumbai.CBA said the Mumbai branch would provide trade ... Read more...
Posted in World |
Oz woman jailed for ‘cutting swastika into man’s buttocks’
August 13th, 2010 - 2:24 pm ICT by ANI
Melbourne, Aug 13 (ANI): An Aussie women has been jailed for 16 months because she and two others attacked a man, kicked him unconscious and scratched a swastika into his buttocks with ... Read more...
Posted in World |
Germany arrests ‘wife’ of alleged terror cell chief
February 23rd, 2010 - 12:24 pm ICT by IANS
Karlsruhe (Germany), Feb 23 (DPA) German police have arrested the reported wife of Fritz Gelowicz, the self-confessed chief of an Islamist terrorist cell, accusing her of fund-raising for her husband's Al Qaeda ... Read more...
Posted in World |
RBI asks nationalised banks to reach far-flung areas
February 21st, 2010 - 2:12 pm ICT by IANS
Aizawl, Feb 21 (IANS) The Reserve Bank of India (RBI) has asked nationalised banks to provide banking services in all villages, far-flung areas and human habitations in the country, RBI deputy governor ... Read more...
Posted in Business |
Remittances to Mexico fell 14 percent in November
January 5th, 2010 - 1:16 pm ICT by IANS
Mexico City, Jan 5 (IANS/EFE) Mexican emigrants sent home just less than $1.5 billion in November, down 14.43 percent from the same month in 2008 and the lowest monthly total since March ... Read more...
Posted in Business |
Bangladesh ‘almost free of global recession’
January 1st, 2010 - 1:54 pm ICT by IANS
Dhaka, Jan 1 (IANS) Bangladesh says it is "almost out of the impact of the global economic recession" with every economic index looking positive.
"In the outgoing year, our exports, imports ... Read more...
Posted in Business |
Dhaka’s foreign exchange reserves cross $10 bn
November 12th, 2009 - 12:16 pm ICT by IANS
Dhaka, Nov 12 (IANS) Bangladesh's foreign exchange reserves have crossed the $10 billion mark, the highest ever, an official said.
The nine-fold increase in as many years is thanks to increasing remittances, a ... Read more...
Posted in Business |
Remittances to Mexico fall 13 percent
October 30th, 2009 - 2:33 pm ICT by IANS
Mexico City, Oct 30 (EFE) Mexican emigrants sent home $16.4 billion during the first nine months of this year, down 13.4 percent from the same period in 2008, the country's central bank ... Read more...
Posted in Business |
Kingfisher fined Rs.26 crore for delaying tax payments
July 17th, 2009 - 9:35 pm ICT by IANS
New Delhi, July 17 (IANS) The government Friday said it has fined private carrier Kingfisher Airlines Rs.26.46 crore for delay in remittance of tax deducted at source (TDS).
Minister of State for Finance ... Read more...
Posted in Business |
Amar Singh in legal trouble over Clinton Foundation donation?
April 26th, 2009 - 12:01 pm ICT by IANS
By Rana Ajit
New Delhi, April 26 (IANS) Samajwadi Party general secretary Amar Singh could be headed for legal trouble over his reported Rs.43 crore ($8.6 million) donation to the US-based Clinton Foundation.The ... Read more...
Posted in Politics |
Cuba will not beg to lift embargo: Fidel Castro
April 15th, 2009 - 12:43 am ICT by IANS
Havana, April 14 (IANS) Former Cuban president Fidel Castro Tuesday complained that the US had done nothing to end the decades-old embargo on his country, stressing that Cuba "will never beg" ... Read more...
Posted in Business |