Rs 1,700 crore: Hidden cost of sending money abroad

Posted

Indian families sending money abroad for their children's education faced high bank fees. A report estimates they paid Rs 1,700 crore in 2024. Traditional banks charge high exchange rate markups. Digital remittances offer a cheaper alternative. India is now the largest source of international students in the US. Overseas education spending is expected to double by 2030.

Read Full Article

Vă rugăm să vă autentificați pentru a vă dori, partaja și comenta!

Entertainment

Adnan Sami recalls Shah Rukh taking him shopping

Adnan Sami recalled how Shah Rukh Khan helped him during a chilly Venice shoot. Despite packing...

By 0 3

Business

Russia crude oil restrictions: EU imposes sanctions on Rosneft's India refinery, lowers oil price cap - how it may benefit India

The EU has intensified sanctions against Russia, targeting oil revenues and military capabilities...

By 0 5

Business

'One of my worst appointments': Trump targets Fed Chair again, calls on 'too late, numbskull’ to lower rates

Donald Trump has escalated his criticism of Federal Reserve Chair Jerome Powell, accusing him of...

By 0 5

Business

Air India crash relief: Tata Group launches Rs 500 crore trust for victims’ families and responders, to offer long-term support and Rs 1 crore ex gratia for every life lost

Following the Air India Flight AI-171 crash in Ahmedabad, Tata Group has established 'The AI-171...

By 0 5

National

Peace and security situation satisfactory: Home Minister Lekhak

KATHMANDU: Home Minister Ramesh Lekhak has asserted that the overall peace and security situation...

By 0 11