Outward remittances from India reached $2.3 billion in May, according to recent bulletin data. Travel expenses constituted the largest portion, accounting for $1.38 billion, a rise of $118 million from April. However, these outward remittances experienced a 4.4% decrease compared to May of the previous year. Additionally, Indians spent $149 million on education and $322 million supporting close relatives.
India, France near deal on tax treaty, to lower levy on dividends paid to French parent companies
India and France are nearing a revised tax treaty that will reduce dividend taxes for French parent companies holding over 10% stakes to 5%, while
December 12, 2025