Remittances
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What Trump's 'Big, Beautiful Bill' means for millions of Indian-Americans and families back home
Explainers | Jul 04, 2025, 01:18 PM ISTPresident Donald Trump is set to sign the 'One Big Beautiful Bill' into law, a tax-and-spending package that includes a 1 per cent tax on cash-based remittances. This revised tax, down from the originally proposed 5 per cent, applies to non-citizen residents, including millions of Indians in the US.
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India received USD87 billion in remittances in 2021
Business | Nov 18, 2021, 07:16 AM ISTRemittances to low and middle income countries are projected to have grown a strong 7.3 per cent to reach USD 589 billion in 2021, the bank said.
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India expected to receive total remittance of $80 bn in 2018
Business | Dec 09, 2018, 08:57 AM IST"Among major remittance recipients, India retains its top spot, with remittances expected to total $80 billion this year, followed by China ($67 billion), Mexico and the Philippines ($34 billion each), and Egypt ($26 billion)," the brief said.
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Remittances to India dropped by USD 8.5 billion between 2014-15 and 16-17: Govt
Business | Apr 04, 2018, 06:36 PM ISTThe figure dropped to USD 65.59 billion in 2015-16 and further to USD 61.29 billion in 2016-17, Singh said.
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India received USD 34.9 billion in remittances between Apr-Sep
Feb 26, 2015, 05:07 PM ISTNew Delhi: India has received USD 34.9 billion in remittances in the first six months of 2014-15 and is likely to surpass the previous year's USD 69.6 billion by end of the current fiscal.Replying to
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India Received $ 56 Billion In Remittances
Nov 25, 2011, 05:03 PM ISTNew Delhi, Nov 25: India received nearly USD 56 billion in remittances in the year 2010-11, which is a jump of USD 2 billion from the corresponding period a year ago. Overseas Indian Affairs Minister