Business

Handful Districts: Five Gujarat districts, including Ahmedabad and Vadodara, hold 70% of NRI deposits; slight dip in December 2023 attributed to routine transactions.
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Saudi extends oil cuts until June 2024, continuing 1M bpd reduction. Coordinated with OPEC+, aims to stabilize prices amidst geopolitical tensions.
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Canada’s Ban : Canada extends ban on foreign property buyers amid housing shortages, facing criticism and seeking multifaceted solutions.
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Dubai's Golden: Dubai's bold reforms, including golden visas and business-friendly policies, revive commercial real estate amid global challenges, boosting its resilience.
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Non-Resident Overseas: ITAT ruled non-residents' overseas earnings aren't taxable in India, emphasizing residency status and jurisdictional understanding for individuals working…
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Silicon Valley Indian professionals launch global network to use engineering for global issues, announce AI Learning Festival.
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Gulf Business: Mixed response to India's 2024-25 interim Budget: Praised for vision, criticized for lacking tax relief. Emphasizes digitalization, infrastructure, and inclusivity.
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New Budget: Interim Budget 2024 solidifies increased TCS rates on foreign remittances, awaiting parliamentary approval. Shift from 5% to 20% for Rs 7 lakh+ expenditures.
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Indian Visitors: Eiffel Tower adopts UPI for Indian tourists, pioneering seamless payments. NPCI collaboration extends plans for UPI usage across France and Europe.
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Indians can now receive real-time remittances from Singapore through UPI-PayNow linkage, boosting financial inclusion and convenience.
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