remittances Archives - 1M1B Changemakers

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

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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…

Financial super-app Abound raises million – The Times of India

Financial super-app Abound raises $14 million – The Times of India

Post author:1m1bchangemakers
Post published:March 29, 2025
Post category:Business
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New Delhi: Abound, the financial super-app designed for Indians in the US, has raised $14 million in seed funding to accelerate its goal of creating a seamless financial bridge between…

India crosses 0billion mark in remittances! What are inward remittances and will their uptrend continue? Explained – Times of India

India crosses $100billion mark in remittances! What are inward remittances and will their uptrend continue? Explained – Times of India

Post author:1m1bchangemakers
Post published:May 17, 2024
Post category:Business
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India crosses the $100 billion mark in remittances! In the fiscal year 2019-20, which was an election year, India received remittances amounting to $83.2 billion. However, in the following year,…