Category Archives: MOT

Money exchange industry requests extension of TCS exemption to other forex instruments

The All-India Association of Authorized Money Changers & Money Transfer Agents has demanded the inclusion of foreign currency cash, wire transfers through banks, pre-paid forex cards and other international payments into the TCS exemption ambit offered to overseas transactions using debit and credit cards under the Liberalized Remittance Scheme (LRS).

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G20 meets across 59 locations show India’s potential to host excellent conferences: Arvind Singh

Arvind Singh, Secretary Tourism, stated that convention centers in India were previously limited to big cities, but now they are emerging in various major centers across the country. With G20 meetings happening in 59 locations, it shows India’s capability to host excellent conferences, showcasing India’s potential as a M!CE destination.

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