Latest news with #Indians'
&w=3840&q=100)
First Post
8 hours ago
- Business
- First Post
Why are Indians sending less money abroad?
Overseas remittances by Indians fell to $2.3 billion in May 2025 amid stricter visa rules, tighter government controls and reduced investment options. From education to gifting, most categories saw a decline, reflecting a broader effort to curb capital outflows under LRS. read more Overseas remittances by Indian residents are on the decline. Under the Liberalised Remittance Scheme (LRS), outward transfers dropped to $2.3 billion in May 2025, down from $2.5 billion in April. This continues a broader downward trend, with average monthly remittances falling from $2.8 billion in FY24 to $2.5 billion in FY25. According to a report by Times of India, multiple factors are contributing to this slowdown. Education-related transfers have been impacted by stricter visa regulations in key destination countries. At the same time, the government has stepped up scrutiny of fund outflows, particularly those made under the 'gift' category as part of a wider effort to limit capital flight. STORY CONTINUES BELOW THIS AD In recent months, authorities have tightened the rules governing remittances. A tax collected at source (TCS) now applies to foreign transfers and any funds sent abroad must be used within 180 days or returned. This has made it harder for individuals to park idle funds in overseas accounts. Restrictions on overseas investments by mutual funds have also narrowed investment options. The decline in remittances during May was widespread. Equity and debt investments fell sharply from $203 million in April to $105 million. Funds sent as gifts dropped from $291 million to $233 million. Transfers for the upkeep of close relatives abroad slid to $323 million from $398 million. Spending on education and foreign real estate also slowed. Even travel, which had seen a post-pandemic rebound, is beginning to show signs of moderation. Outflows for international travel rose slightly from $1.3 billion in April to $1.4 billion in May, but the pace of growth has eased compared to previous months. Across nearly all categories, remittance volumes fell in May, pointing to a combination of regulatory tightening, limited investment opportunities, and shifting global conditions affecting Indians' overseas spending patterns.
India Today
13 hours ago
- Sport
- India Today
China Open: Satwik-Chirag reach quarterfinals, HS Prannoy crashes out
India's top men's doubles pair Satwiksairaj Rankireddy and Chirag Shetty marched into the quarterfinals of the China Open Super 1000 tournament with a hard-fought straight-game win over Indonesia's Leo Rolly Carnando and Bagas Maulana on Thursday. However, it was curtains for HS Prannoy in the men's singles after a gruelling three-game and Chirag, the former world No. 1 duo, showcased their trademark resilience and tactical acumen to edge past the eighth-seeded Indonesian pair 21-19, 21-19 in a tightly-contested second-round encounter in Changzhou. The victory came after 46 minutes of intense action and marked yet another solid performance by the Commonwealth Games champions, who are looking to rediscover their rhythm ahead of the Paris match was a test of patience and precision as both pairs refused to give an inch. In the opening game, Leo and Bagas enjoyed early leads at 8-6 and 14-12, but Satwik and Chirag stayed in the hunt. A crucial five-point burst from 14-16 to 19-16 turned the tide in the Indians' favour, and they closed out the game with sharp net play and swift court coverage. The second game followed a similar trajectory, with the Indonesians pulling ahead 14-10. But once again, the Indian pair clawed their way back, levelling the scores at 18-18 before holding their nerve in the final exchanges to seal a confidence-boosting contrast, it was a disappointing outing for world No. 9 HS Prannoy, who went down fighting against Chinese Taipei's Chou Tien Chen. After taking the first game 21-18, Prannoy struggled with the pace and consistency of the sixth seed, eventually losing 21-15, 21-8 in the next two games. The match lasted 65 minutes, with Chou dominating the decider as Prannoy's challenge fizzled Prannoy's exit ends India's campaign in men's singles, Satwik and Chirag's progression keeps the tricolour flying high in doubles. The world No. 3 pair will next face either the Korean duo of Kang Min Hyuk and Seo Seung Jae or China's Liang Weikeng and Wang Chang in what promises to be another high-voltage clash.- EndsMust Watch
Time of India
a day ago
- Time of India
59 destinations offer Indians visa-free access
India passport NEW DELHI: Indian passport has gained heft by jumping eight positions to be ranked 77th in the Henley Passport Index-2025. Indian passport holders now have visa-free or visa-on-arrival (VoA) access to 59 destinations. The jump this year comes after a five-place drop in 2024 over the previous year in this index - which ranks 199 countries based on the number of destinations their citizens can travel to without a prior visa. Two new destinations - Philippines and Sri Lanka - have been added to Indians' list this year which saw the country's spot rising from 85 in 2024 to 77 . In 2023, India was at the 80th spot. The most popular visa-free destinations for Indians include Malaysia, Indonesia, Maldives and Thailand.
San Francisco Chronicle
a day ago
- Politics
- San Francisco Chronicle
Trump's racist name games are straight out of a totalitarian playbook
At the beginning of any totalitarian regime, alteration of the past is a top priority, and President Donald Trump's first six months in office seem to be no exception. This week, Trump called for the team names of the Washington Commanders and the Cleveland Guardians to be restored to the Redskins and the Indians, complete with the resurrection of the old Indians' mascot/logo Chief Wahoo, a thoroughly racist caricature. 'The Washington 'Whatever's' should IMMEDIATELY change their name back to the Washington Redskins Football Team,' Trump wrote in a social media post that seemed designed to distract America's attention away from Jeffrey Epstein, adding, 'Our great Indian people, in massive numbers, want this to happen. Their heritage and prestige is systematically being taken away from them. Times are different now than they were three or four years ago. We are a Country of passion and common sense. OWNERS, GET IT DONE!!!' The owners, of course, won't get it done. They know how that would play out after their multimillion-dollar rebranding efforts. As for Native Americans clamoring for going back in time, I'd like to see the polling on that assertion. Oh, wait, a 2020 poll of Native Americans by UC Berkeley and University of Michigan researchers found that half believed the name 'Redskins' offensive, while 65% said they found the 'tomahawk chop' stadium gesture at odds with, you know, not being a racist. No doubt Trump has conducted his own poll because he went further, vowing to block the Commanders from building a new stadium in the nation's capital if the team's owner refuses to make their racist name great again. That threat to billionaire Commanders owner Josh Harris — who also has a stake in the NBA's Philadelphia 76ers and the NHL's New Jersey Devils — comes as his football team is scheduled to move back to the District of Columbia and a new stadium in 2030. But after a decades-long pressure campaign that resulted in the 2021 name change, reverting to the old one will likely prove more difficult than repainting an end-zone logo. Trump is also very offended that the name of Cleveland's baseball team no longer offends so many people and is pressuring the owners of the team formerly known as the Indians to re-offend. So far, that doesn't seem likely. 'Not something I'm tracking or have been paying a lot of attention to, but I would say generally I understand that there are very different perspectives on the decision we made a few years ago,' Guardians President of Baseball Operations Chris Antonetti said. 'But obviously it's a decision we've made and we've gotten the opportunity to build the brand as the Guardians over the past four years and are excited about the future.' Trump's pressing the issue of sports team names is part of a larger rebranding offensive designed to take the country back to the bad old days. When Trump isn't threatening the NFL, MLB and network late-night talk show hosts, he's been busy erasing U.S. Army base names and renaming U.S. Navy ship names he doesn't like. After the George Floyd murder in 2020, Congress voted to change seven Army bases named after Confederate generals, most prominently Fort Bragg in North Carolina and Fort Benning in Georgia. Braxton Bragg was regarded as one of the most incompetent rebel generals, but he happened to be from North Carolina, and Henry Louis Benning was a leading white supremacist who once said, 'If things are allowed to go on as they are … we will have black governors, black legislatures, black juries, black everything. Is it supposed that the white race will stand for that?' Our terribly clever secretary of defense, Pete Hegseth, used a fascinatingly cute gambit to restore the base names: He found soldiers who had a connection to the bases while sharing their old names. Goodbye, Braxton Bragg, hello Roland Bragg, a World War II paratrooper. Sen. Angus King, the Independent from Maine, told Hegseth the bases were named for 'people who took up arms against their country on behalf of slavery,' which didn't seem to faze the former Fox News weekend analyst. 'There is a legacy, a connection' for older U.S. Army veterans, Hegseth countered, to which King responded that his answer and actions were 'an insult to the people of the United States.' Throw in the recent decision by Trump and Hegseth to change U.S. Navy ship names, most prominently those named after the late San Francisco Supervisor Harvey Milk and the late civil rights icon, Rep. John Lewis, and the at-best thinly disguised pattern is laid bare. Want more? The Pentagon's pogrom/purge of alleged DEI promotion in its online presence and libraries initially wiped out any mention of Navajo Code talkers or the Tuskegee Airmen, a far greater affront than any sports franchise name. All of this adds up to more than a diversion from the Epstein case. If they do, we're history.
&w=3840&q=100)
Business Standard
2 days ago
- Business
- Business Standard
Datanomics: Indian students' dreams of studying abroad still in limbo
The recent increase in student visa application fees by Australia and the United States (US), coupled with the latter's restrictive visa issuance policies, may make it harder than before for Indian students to choose their dream destinations to study abroad. Blurring American dream Indians' share in the total F1 (student) visas issued by the US has nearly halved from 29.35 per cent in 2022-23 (FY23) to 15.65 per cent in the first eight months of FY25, marking a near 38 per cent year-on-year decline.
