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Fall in outward remittances good news for India s current account

Fall in outward remittances good news for India s current account SECTIONS Share Synopsis This is the first time annual remittance outflows contracted since 2015 when the Reserve Bank of India (RBI) doubled the annual limit for sending money abroad to $250,000 and allowed more current account transactions under the Liberalised Remittance Scheme (LRS). Agencies Total outflows contracted 32% in FY21 as major heads like travel, overseas studies and maintenance of close relatives saw a sharp dip. But outflows under permissible capital account transactions like investment in overseas deposits picked up. India’s outward remittances fell by as much as $6 billion in FY21 as the pandemic put brakes on ordinary overseas travel and student traffic to campuses abroad, partly contributing to the current account surplus of $24 billion.

Kumar bhanwalaReserve bankLiberalised remittance schemeHarsh kumar bhanwalaகுமார் பன்வாலாஇருப்பு வங்கிகடுமையான குமார் பன்வாலா

Fall in outward remittances good news for India s current account

Fall in outward remittances good news for India s current account
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

Kumar bhanwalaReserve bankLiberalised remittance schemeHarsh kumar bhanwalaகுமார் பன்வாலாஇருப்பு வங்கிகடுமையான குமார் பன்வாலா

Omnivore ropes in former NABARD Chief Bhanwala as senior advisor

The venture capital firm is engaged in funding entrepreneurs to build the future of agriculture and food systems.

Kumar bhanwalaNational bankIndia infrastructure finance companyMicrofinance institutions networkDelhi state cooperative bankCapital india financeRural developmentSenior advisorDelhi state cooperativeCapital india finance limitedIndependent directorBayer crop scienceVenture capitalHarsh kumar bhanwalaகுமார் பன்வாலாதேசிய வங்கி

Two of Capital India Finance arms - RapiPay and RemitX - partner for International outward remittance services

Two of Capital India Finance arms - RapiPay and RemitX - partner for International outward remittance services ANI | Updated: Mar 16, 2021 13:41 IST New Delhi [India], March 16 (ANI/NewsVoir): S.K Narvar promoted Capital India Finance Limited (CIFL), a tech-enabled SME Finance player, has announced the partnership of its fintech subsidiary RapiPay and its cross-border remittances business vertical RemitX to provide international outward remittance services to a varied set of customers. With this development, CIFL has forged an alliance within the group to explore joint synergies by enabling financial technologies to take outward remittances services to India s vast micro-markets and thereby, consolidate its position. CIFL aims to create a digital ecosystem in the financial, payments and banking space to offer its services to customers both in Urban and rural India.

United statesUnited kingdomNew delhiRapipay saathisKumar bhanwalaForeign exchangeCapital india finance limitedOverseas education consultantsCorporates housesTravel agentsHarsh kumar bhanwalaExecutive chairmanDr harsh kumar bhanwalaஒன்றுபட்டது மாநிலங்களில்ஒன்றுபட்டது கிஂக்டம்புதியது டெல்ஹி

Two of Capital India Finance arms - RapiPay and RemitX

Two of Capital India Finance arms - RapiPay and RemitX
newjerseytelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newjerseytelegraph.com Daily Mail and Mail on Sunday newspapers.

United statesUnited kingdomNew delhiRapipay saathisKumar bhanwalaForeign exchangeCapital india finance limitedOverseas education consultantsCorporates housesTravel agentsHarsh kumar bhanwalaExecutive chairmanஒன்றுபட்டது மாநிலங்களில்ஒன்றுபட்டது கிஂக்டம்புதியது டெல்ஹிகுமார் பன்வாலா