RECORD BREAKING REMITTANCE

IPL in USA: How to check live score and updates for free

Organized by the Board of Control for Cricket in India (BCCI), IPL 2024 officially began on March 22, when defending champs Chennai Super Kings played against Royal Challengers Bengaluru. Watching IPL in USA is easier like never before and one can easily sit and watch all the live cricket action from Chicago, New York, Seattle, Denver, Los Angeles and all other major US cities.

IPL 2024 live in USA: How to watch Indian Premier League matches on Easter weekend

This year's IPL kicked off on a great note with great performances from the teams. Meanwhile, defending champions Chennai Super Kings are comfortably seated at the top of the IPL points table. Here's how to watch the tournament live.

Budget 2024: From a one-stop portal to tax breaks, industry wants uplifting measures for MSME exports

MSME exports see business growth can rise with e-commerce and the interim budget can be very helpful in giving the sector a push.

The Future of NRI Investments: Top trends to watch out for in 2024

In 2024, India’s large and evolving investment market coupled with ardent policies, government initiatives, infrastructure development and enhanced connectivity will stand as a beacon of hope for NRIs looking forward to diversifying their investment portfolio.

Record-breaking cash seizure: Income Tax raids on Odisha distillery group unearth Rs 290 crore

The tax department has mobilized approximately 40 large and small machines for counting currency notes, enlisting additional department and bank personnel to expedite the counting process initiated on December 6 during the raids on Boudh Distillery Pvt Ltd and others.

New IMPS money transfer rule: Soon, send up to Rs 5 lakh with mobile no., bank name; no need to add beneficiary, account, IFSC

IMPS money transfer: NPCI has simplified Immediate Payment Service (IMPS) to make bank account transfers easier and error-free. You can just use the mobile number and bank account name of the receiver or beneficiary to send money. Soon, you will be able to send up to Rs 5 lakh can be transferred through simplified IMPS without adding a beneficiary. NPCI says that this payment experience will be accompanied by real-time beneficiary name validation. How will the new simplified IMPS work and how it will benefit you. Read on to find out.

Taliban controls the world’s best performing currency this quarter

Yet the paring of the currency’s losses seen after regime change also belies the dramatic upheaval that persists on the ground with Afghanistan largely cut off from the global financial system because of sanctions. Unemployment is rampant, two thirds of households struggle to afford basic items and inflation has turned into deflation, according to a World Bank report. Planeloads of US dollars arrived almost weekly from the United Nations to support the poor, some of up to $40 million, for at least 18 months since the end of 2021.

Millionaire exodus: Don’t fret, the India story is intact

Many nations are luring HNW Indians with eye-watering incentives. But India is producing much more millionaires in one year than what it lost in the last 10 years.

Charting the global economy: German growth outlook deteriorates

The consumer price rise in both the US and the UK was stronger than forecast in April, fueling bets of further rise in interest rates.

Govt platform coming up for auto-updating docs via Aadhaar; Good Glamm hikes stake in The Moms Co

The government is developing a platform to help citizens who store their documents in DigiLocker to auto-update their address and other demographic details across departments through Aadhaar, officials told ET. This and more in today’s edition of ETtech Morning Dispatch.

Ten numbers that defined India in 2022

6 For virtually the entire year, consumer price inflation remained above 6%, the danger mark established by RBI. It inevitably led to a 1.85% rise in repo and interest rates, saddling consumers with higher EMIs. Very high food inflation, often crossing double-digits, was particularly harsh on lower middle-class and aspirational Indians. 2023 promises a gentler inflation rate.

India's remittance flows will likely to hit Rs 81 lakh crore in 2022: World Bank

'Unpaid shares' in Dubai, BVI companies may come back to haunt many Indians

Under the Indian Companies Act, a person is allotted shares only after full payment. While UAE Free Trade Zone (FTZ) rules require a minimum share capital of 50,000 dirhams (about ₹11 lakh at the current exchange rate), the authorities do not insist on the payment of the subscription amount.

Indians’ overseas spend on equity, debt zooms 73% in March amid plunge in US stocks

Data on outward remittances for resident individuals under the RBI’s liberalised remittance scheme showed that investment in equity and debt was at $104.51 million in March, 2022, up 73 per cent from $60.39 million a month ago, data in the central bank’s May 2021 Bulletin showed.

Cash-strapped Sri Lanka to sell 'golden' visas

Foreigners who deposit a minimum of $100,000 locally will be granted permission to live and work in Sri Lanka for 10 years under the "Golden Paradise Visa Program", the government said.

Sri Lanka exchange halts again after 13% plunge

The island nation is grappling with its worst economic downturn since independence in 1948, with months of regular blackouts and acute shortages of food and fuel.

Has the Indian rupee become more stable now?

The newfound stability of the currency could be a sign of the economy getting stronger and more balanced. Our external sector is now much stronger than before and is able to take shock of sudden oil price increases much better.

Crypto exchanges won't bar Russians, raising fears of sanctions backdoor

But many of the world's largest crypto exchanges - including Binance and U.S.-based Kraken and Coinbase - have stopped short of a blanket ban on Russian clients, despite a plea from the Ukrainian government for one. They said they would screen users and block anyone targeted by sanctions.

Will Mint Street's digital currency ambition break the banking system?

Central banks now understand the huge impact the blockchain and distributed technology is creating in the financial system which solves the complexity of import-export settlement in reducing risks, less dependent on intermediaries for domestic transactions and US Federal System for international transactions, cutting down remittance charge to even zero.

El Salvador's world-first adoption of bitcoin endures bumpy first day

The bold experiment got off to a bumpy start when shortly after midnight, Salvadoran President Nayib Bukele complained the government-backed bitcoin app was not available on various internet platforms including Apple and Huawei.

Airtel Payments Bank set to break even this financial year

In 2020-21, APB saw 60% year-on-year growth in savings accounts deposits and its base of active revenue earning customers (RECs) swelled more than 77% year-on-year to 55 million.

Record remittances from overseas Pakistanis helping cash-strapped economy: Central bank

Remittances from Pakistani workers abroad exceeded the USD 2 billion mark for the 10th consecutive month in March, the country's central bank said on Monday, as the cash-strapped nation was scrambling to overcome its financial woes amid the COVID-19 pandemic.

View: Kerala's remittance rush may be over for good

For economies that depend on this foreign income, the outlook for 2020 is bleak.