MEXICO TAX ON REMITTANCE
Trump's 'One Big Beautiful Bill Act': How remittance tax plan might deliver a big economic blow to US allies?
Trump's 'One Big Beautiful Bill Act'': A new US bill proposes a 5% tax on money sent from the US to other countries. This targets non-citizens and foreign nationals. It could impact countries like El Salvador, Honduras, and Guatemala. Mexico opposes the tax, citing its impact on vulnerable workers. The bill may face legal and logistical challenges. It could also affect Indians living in the US.
US tax on outward remittances to pinch Indians sending money home
Indians in America may face higher costs for remittances. A proposed US tax could significantly increase their financial burden. This levy impacts green card and H1B visa holders. India's remittance inflows have surged in recent years. The US has become a major source of these funds. The new tax could cost Indians over USD 1.6 billion annually.
Trump’s ‘game theory’ may suit India, be precursor to the real deluge, and backfire on the US
Trump seeks to overhaul an international trading system he believes is unfair. He imposed unexpected tariffs, causing global concern. India is addressing this by offering tariff cuts and negotiating bilateral trade agreements. The US remains India's significant economic partner, highlighting the critical nature of these trade discussions.
Investing Beyond Borders: Why US markets are a smart bet for Indian Investors
The U.S. stock market offers Indian investors opportunities for diversification, global exposure, and strong returns. With significant growth in sectors like AI, technology, and semiconductors, U.S. equities complement India's market. Currency appreciation and rising accessibility through fintech platforms make investing in U.S. stocks increasingly attractive. However, investors should consider factors like taxation, platform choice, and long-term strategy.
MAGA comeback for 47th President of US may be bad news for global trade, climate
Donald Trump's proposed economic policies, including tariffs on imports and corporate tax cuts, are expected to impact global markets. His stance on foreign policy, particularly regarding Iran and Ukraine, is raising concerns among analysts. Trump's potential rollback of environmental regulations and immigration crackdown are also generating debate.
Donald Trump's comeback: From dollars to markets, what's at stake for global economy?
Trump returns to White House: Donald Trump is set to become the 47th President of the United States. With Trump coming back to power, analysts predict that the US dollar would strengthen and sectors such banks, technology, defense and fossil fuels might benefit. Trump's tax-cutting agenda has been broadly welcomed by large corporates in the US.
- Go To Page 1
View: Federal finance must globalise, with states allowed a bigger share of investments
As the world globalizes, the role of governments in national economies is rising. FPIs can invest in state government debt, but they do not. The Centre is hesitant to let state governments market their debt to migrants aggressively. Migrant workers have a calculus that is a little more generous than that of FPIs, when it comes to investing in their home states. Why prevent state governments from tapping into this fount of generosity?
Paying a price for sending money: The global impact of remittance fees and solutions
Barada Talukdar, a Kuwaiti mud specialist, uses Al Mulla Exchange to send money to his family and friends in Kuwait. However, the exchange rate fluctuations and commissions can be confusing for blue-collar workers like his cook. At the World Trade Organisation's ministerial conference (MC13) in Abu Dhabi, New Delhi discussed the issue of exorbitant fees for crossborder remittances. About 20 nations from Asia, Latin America, and Africa had spoken in favor of India's proposal to cut the cost of remittances.
Why the exchange rate ought to be treated as an automatic stabiliser
For now, RBI should be comfortable, letting it slide (gently if it so wishes) by another 5% in the coming months, and even more if the external market pressure continues.
IMF recommends El Salvador not use Bitcoin as legal tender
The IMF statement came only two days after President Nayib Bukele announced El Salvador was planning to build the world's first "bitcoin city", which will be funded initially by bitcoin bonds. Bukele said the city would get its energy supply from a volcano and would not levy any taxes except for value added tax.
Is it time to get picky in emerging markets? Here's what money managers say
Investor enthusiasm toward emerging-market assets has waned this year as Covid-19 infections engulf nations from India to Brazil while Treasury yields push higher amid rising price pressures.
Why the moneyed aren't coming to India’s international financial center in Gujarat
In hosting an international financial center, Singapore stole a march over rival Hong Kong, where the bankers were initially against more competition. But it wasn’t tall buildings that made the experiment a success.
Four years in, Donald Trump has plenty of unfinished business
Trump pushed through the most significant overhaul of the U.S. tax system since President Ronald Reagan.
Covid is pushing world economy to the brink. Is India immune?
India is in a relatively good position to withstand the hurricane about to strike defaulting and other EMs.
America would fall apart if it were not for immigrants: Suketu Mehta
The Indian-American writer says his new book ‘This Land is Our Land’ is in reaction to the wave of anti-immigrant hatred in rich nations.
India gets G20 praise on ease of doing business, startup funding, labour reforms
Modi govt has said it wants India to be ranked in top-50 nations in terms of ease of doing biz. The next update to the ranking is expected later this year.
Corporate finance guru Damodaran not sure if Trumponomics is good or bad change for US
Damodaran said the US is going to see a pickup, but that is going to be as much a reversion back to the norm in terms of expectations about inflation.
US election guide to markets: What to watch once it’s all over
The S&P 500 broke its longest losing streak in 36 years and regained most of what it had lost since the FBI reignited the e- mail controversy on Oct. 28.
Clinton vs Trump: 2 days to go! US election guide for stock markets
Under Clinton, pharmaceutical and biotech stocks “could be hit by renewed pressure to curb price increases on drugs,” BlackRock Inc. researchers said.
4 days to go: Here's the US election cheatsheet for financial markets
Here is a look at the potential winners and losers. But first, a caveat. Investors’ immediate reaction to the US presidential elections often doesn’t last.
6 days to go: Here's the US election cheatsheet for financial markets
Since the FBI surprise dealt a blow to Clinton by reigniting controversy over her e- mails late last week, haven assets are rising and riskier ones are falling.
G20's achievements for global economy since the 2008 crisis
While the first summit focused primarily on strengthening financial regulation, with agreement on a 47-point action plan to improve financial regulation over the medium term.
India to push for lower remittance charges at G20
India will press the G20 to reduce the cost of transaction of remittances as well as reiterate its calls for quota reforms at the International Monetary Fund.
Remittances are more stable than other capital flows: World Bank
This stabilising effect tends to be greater for remittance-receiving countries with a more dispersed migrant population, it said.
Text of the RBI Credit Policy
The Bank Rate has been kept unchanged at 6.0 pc, the repo rate is also unchanged at 7.75 pc, as is the reverse repo rate at 6.0 pc.
Time to hot rod the mean machine
The performance of the Indian economy in 2004-05 so far has exceeded expectations formed at the beginning of the year.
External Sector
The world economy witnessed a sharp upturn in 2004, on account of robust growth in both advanced and emerging market economies.
General Review
The performance of the Indian economy in 2004-05 so far has exceeded expectations formed at the beginning of the year.
Credit Policy 2004: Full text
Statement by Y Venugopal Reddy, Governor, Reserve Bank of India on Mid-term Review of Annual Policy for the year 2004-05.
Load More
