Tag: managing finances

Starting October 1, 2023, the Indian government will make a significant change to its tax system by increasing the tax collected on foreign remittances from 5% to 20%. This change will have important implications for Indian residents who transfer money internationally, as they will now have higher tax obligations and need to consider their finances…

In Europe, cross-border payment methods are rapidly evolving, with a tendency towards digital transfers, according to a Visa study. In 2023, more and more European consumers are opting for apps and online platforms to securely and conveniently send money to their friends and family. This shift is particularly noticeable in France and Poland, where 62%…

In the heart of New Zealand’s economy, which heavily relies on trade, foreign remittances have become essential. These remittances connect over a million New Zealanders who received a total of NZ$2 billion in the year. The majority of these funds are intended for supporting family members, education, healthcare and even business investments. As digital technology…

India is home to the largest number of people living abroad, with around 3.2 million Non-Resident Indians (NRIs) and People of Indian Origin (PIOs). In the UK, there are 1.92 million individuals who are multicultural, which makes them a significant part of the population. This community plays a crucial role in contributing to the UK’s…

The Indian community in Australia is incredibly diverse and vibrant, with people from different linguistic and cultural backgrounds. They have made contributions to society in fields like business, academia, the arts and sports. Lately, they have also become more involved in activities, with many governments holding offices and actively engaging in community matters. The amount…