SShortSingh.
TopTechnologyAI & MLStartupsProgrammingScienceBusinessFinanceCrypto & Web3World
Back to feed
India

I-T Dept Traces Rs 1.29 Lakh Crore in Overseas Remittances to China, UAE

0
·1 views

Indian income tax authorities have uncovered a trail of overseas remittances totalling Rs 1.29 lakh crore sent to countries including China and the UAE. The investigation comes at a time when the Indian rupee is facing significant downward pressure in currency markets. The Reserve Bank of India has been actively selling US dollars to stabilise the rupee and curb excessive volatility. The probe raises concerns about large-scale capital outflows at a sensitive period for India's foreign exchange position.

Read the full story at Times of India

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Log in to join the discussion and vote.

Log in

Related stories

0
IndiaTimes of India ·

Tarun Tejpal appeals Bombay HC conviction and 10-year sentence in Supreme Court

Journalist Tarun Tejpal has moved the Supreme Court challenging his conviction and ten-year prison sentence handed down by the Bombay High Court. The high court had reversed a lower court's acquittal in a sexual assault case dating back to 2013. Tejpal was found guilty of raping a junior colleague inside a hotel elevator in Goa. The Goa government has separately sought a harsher life sentence, arguing the ten-year term is insufficient. Tejpal has previously alleged that the legal proceedings against him were politically motivated.

0 comments Read more at Times of India
I-T Dept Traces Rs 1.29 Lakh Crore in Overseas Remittances to China, UAE · ShortSingh