It is proposed that a policy change be considered regarding the taxation of interest income earned on NRE and FCNR deposits.

A calm, steady plan often beats the chase for the next big idea. For many NRIs, the NRE fixed deposit does that job. It brings clarity to savings, keeps things simple, and supports goals without fuss.

If any money is received without consideration and if the aggregate value exceeds ₹50,000, it is taxable in the hands of the recipient unless it is received from a ‘relative'.

NPCI will first enable UPI for mobile numbers from Singapore, Australia, Canada, Hong Kong, Oman, Qatar, the US, Saudi Arabia, the UAE, and the UK The government has been promoting UPI at an ...