The rationale for imposing the tax is ostensibly to protect dollar outflows. The US remains the world's top remittance sender. In 2023, some $85.7 billion was remitted by migrants living in the US
Today's editorial page looks at RBI interventions in currency markets, the need for a new deep-sea port , the future of payments regulations, horticulture management, and the challenges of AI
If awareness remains low, frauds persist and genuine claims continue to be rejected, these initiatives will be successes only on paper, with negligible on-ground impact
India retaliated against some ill-considered statements and actions by the Bangladesh government by closing its land borders for import of some goods from that country
Horticultural crops are characteristically more productive and remunerative than food crops
At an organisation like the RBI, the prestigious and powerful activities are monetary policy and banking. Bank deposits in India are about ₹220 trillion
This situation cannot be allowed to continue indefinitely, particularly given that the geopolitical situation has turned adverse
The RBI has been generating higher surpluses on account of, among other things, higher interest income and foreign-exchange gains
HR professionals will have fewer people to manage and that work too will involve automation. As a result, they will have to change their skillsets and job profiles
The Supreme Court observed that staying the penalties imposed by the National Commission would set a dangerous precedent, allowing developers to delay justice by invoking insolvency proceedings
Here are the best of Business Standard's opinion pieces for today
They may seem invincible on the field, but sports icons have vulnerable moments too-and need time and space to recover
The media brands of WPP are all well-known. Precious little will be achieved by killing them all - except needless blood-letting
While BJP backs Nitish Kumar as chief minister, Chirag Paswan-son of Dalit icon Ramvilas Paswan-isn't hiding his readiness for the role
Victimhood is often seductive and we have cultivated it into some kind of a chronic disease across generations. There are, however, many problems with this proposition
America and China are already locked in a battle for influence - but Washington risks sabotaging those goals
Here are the best of Business Standard's opinion pieces for today
Several advanced countries are offering annual Covid-19 booster doses, especially to vulnerable groups
Car-market executives attribute the drop in small-car sales to stagnating incomes across the board, with only 12 per cent of Indian households earning over ₹12 lakh annually
In a low-income country, there will always be competing demands for resources