Tag - Business

Changes in FEMA rules to bring parity in treatment of overseas spending via debit, credit cards

New Delhi, May 18 (PTI) The finance ministry on Thursday said the changes in FEMA rules, which brings overseas international credit card spending under RBI's liberalised remittance scheme (LRS), are intended to bring in parity in tax treatment of remittances using debit and credit cards. The ministry said since credit card spending overseas has now been...

Swedish business delegation meets IT and Industries Minister KTR

Hyderabad, May 3: A delegation comprising industries and trade representatives from Sweden, led by the country’s Ambassador Jan Thesleff, met Telangana’s IT and Industries Minister KT Rama Rao at Dr B.R. Ambedkar Telangana State Secretariat on Wednesday. During the course of interaction, the Minister said that Telangana is the best investment destination in India and...