International Money Transfers Archives

Strict checks coming in! RBI to tighten rules for overseas remittances by resident Indians; here’s what is being planned – Times of India

Post author:1m1bchangemakers
Post published:June 15, 2025
Post category:Business
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The RBI's Liberalised Remittance Scheme (LRS) governs foreign investments by individuals. (AI image) The Reserve Bank of India intends to strengthen regulations concerning international money transfers, that is, overseas remittances…

RBI takes note! How overseas students are being used by wealthy parents to stash money abroad – The Times of India

Post author:1m1bchangemakers
Post published:March 4, 2025
Post category:Business
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RBI's 2003 regulation granted 'non-resident Indian' (NRI) status to overseas students. (AI image) The Reserve Bank of India (RBI) is reportedly examining the utilisation of a two-decade-old foreign exchange regulation…