 "What is Remittance?")
Remittance
What is Remittance?
What is Remittance?
Remittance is derived from the word 'remit' which means 'to send back'. Remittance refers to money that is sent or transferred to another party, usually overseas. Remittances can be sent via a wire transfer, electronic payment system, mail, draft, or cheque.
...Read More Latest Updates on Remittance
 "Overseas debit, credit card payments up to Rs 7 lakh a yr out of LRS: Govt")
 "Remittances decline 23% sequentially to $2.1 billion in February")
 "Increase in TCS under LRS is to target discretionary spending: Revenue Secy")
 "RBI orders SBM Bank to stop transactions under remittance scheme")
 "Pace of remittance inflows has slowed for India in the past decade")
 "Financial inclusion, remittance cost focus areas in G20 meeting")
 "Outward remittance under LSR dips 28% to $1.92 bn in Oct, shows RBI data")
 "Abuse of Liberalised Remittance Scheme for offshore betting under CBIC lens")
 "Banks in talks with Singapore's DBS to begin real-time remittance system")
 "India world's largest remittance recipient in 2015: World Bank")
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