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'Wisdom of babus': Modi supporters are blaming bureaucracy – not BJP – for a new controversial tax

The new rule is expected to hurt those undertaking foreign travel – especially the urban middle class that is considered the party’s key support base. ....

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Overseas use of international credit cards to be under RBI's remittance scheme

According to a Finance Ministry notification, an Indian resident can remit money abroad up to a maximum of $2.50 lakh per annum without the authorisation of the RBI. Any remittance beyond that in foreign currency would require approval from the RBI. ....

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'And we want INR to replace USD': 20% TCS on foreign spending via credit cards sparks outrage on Twitter

20% TCS: Twitter users went as far as dubbing govt's move to impose 20% TCS on international credit card usage as 'tax terrorism' ....

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