remittances Archives | Pravasi Samwad

Kuwait-based Indian worker wins tax relief after remittance dispute

The Ahmedabad Income Tax Appellate Tribunal has removed a ₹5.52 lakh addition and ordered a fresh review of nearly ₹2.50

FCNR(B) 2026 Scheme Sets New Benchmark in NRI Dollar Mobilisation

India’s latest foreign-currency deposit drive has raised $127.2 billion, more than twice the scale of the 2013 programme relative to

NRI Deposit Inflows Fall 23% as FCNR(B) Deposits Surge 124%

Fresh NRI deposits fell to $2.78 billion in the first quarter of FY27, while foreign-currency deposits more than doubled

Gujarat’s NRI Deposits Rise 12.4% to Rs 1.22 Lakh Crore; Ahmedabad Leads

Ahmedabad accounts for more than a fifth of the state’s NRI deposit base, with Vadodara and Kutch also recording strong

UAE Emerges as Key Source of FCNR Deposits as Indian Banks Tap Gulf NRIs

Strong demand from UAE-based Indians drives foreign-currency deposits through GIFT City, while inflows from the US and UK remain subdued

Pravasi Trust urges Kerala to channel NRI savings into growth projects

Diaspora investment could help fund infrastructure, industries and employment-generating projects, says veteran expatriate PRAVASISAMWAD.COM A leading expatriate organisation has called

RBI Eases Priority-Lending Rules to Encourage Fresh NRI Deposits

Loans backed by eligible new FCNR(B) and NRE deposits will be excluded from banks’ priority-sector lending calculations The Reserve Bank

UAE Emerges as Major Source of FCNR Deposits Despite Operational Hurdles

Bankers say regulatory and tax-related issues have slowed potential inflows, even as UAE-based NRIs contribute strongly to India’s foreign currency

RBI Swap Scheme Attracts $36.7 Billion in NRI Dollar Deposits in Less Than Two Months

Latest data shows strong overseas Indian response as total foreign currency inflows cross $40 billion The Reserve Bank of India’s

NRI’s Reddit post on family’s repeated financial demands sparks debate over boundaries

Overseas worker says years of supporting parents and funding brother’s wedding were followed by fresh requests to help buy a