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US Reduces Remittance Tax Rate to 3.5%

May 24, 2025

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The New Indian Express Hyderabad

PRESIDENT Donald Trump's One, Big, Beautiful Bill, which was passed by the House of Representatives on Thursday, has reduced the tax rates on outward remittances from the proposed 5% to 3.5%.

- ENS ECONOMIC BUREAU @New Delhi

The Bill proposes sweeping changes in taxation and spending by the US government, and could have ramifications across the globe.

المزيد من القصص من The New Indian Express Hyderabad

The New Indian Express Hyderabad

Job generation and skilling youth top govt priority: PM

PRIME Minister Narendra Modi on Saturday emphasised that connecting youth with skills and providing them with employment opportunities has been a top priority of the government.

time to read

1 mins

January 25, 2026

The New Indian Express Hyderabad

The New Indian Express Hyderabad

On the Earth's Margins

From the freezing fjords in icy winters to the ethereal view of midnight sun in summers—an expedition here is like trespassing into the Earth's great wilderness

time to read

2 mins

January 25, 2026

The New Indian Express Hyderabad

The New Indian Express Hyderabad

DAVOS HERALDS RISE OF THE MIDDLE POWERS

T was another TACO moment at Davos.

time to read

4 mins

January 25, 2026

The New Indian Express Hyderabad

The New Indian Express Hyderabad

TRUMPISM TRIUMPHS MULTILATERALISM

POWER & POLITICS

time to read

4 mins

January 25, 2026

The New Indian Express Hyderabad

The New Indian Express Hyderabad

Where Indian Craft Learns to Play

A designer’s dream of timeless characters is now a travelling universe of Indian craft

time to read

1 min

January 25, 2026

The New Indian Express Hyderabad

Row as recipient of Padma Shri omitted from list

A political row has erupted in Gujarat over the special intensive revision (SIR) of electoral rolls after Form No.7 was allegedly misused to seek the deletion of the voter ID of noted Gujarati comedian Shahabuddin Rathod, a recipient of the Padma Shri award.

time to read

1 min

January 25, 2026

The New Indian Express Hyderabad

TNIE report on pregnant woman prompts CMO action

A report published by TNIE on Saturday about a pregnant woman from a nomadic community being denied admission at a government hospital prompted immediate action from the Chief Minister’s Office (CMO).

time to read

1 min

January 25, 2026

The New Indian Express Hyderabad

An Apricot a Day

After hours on dust-veiled Nubra roads in Ladakh— past dunes shaped like sleeping giants and the last army checkpost—the desert suddenly exhales.

time to read

1 mins

January 25, 2026

The New Indian Express Hyderabad

FAINTLY RECALL A WORD... WAS IT ‘PEACE’?

WAR is in the air.

time to read

4 mins

January 25, 2026

The New Indian Express Hyderabad

Ultratech net profit jumps 27% to ₹1,729.40 cr

ULTRATECH Cement on Saturday reported a consolidated net profit of 1,729.44 crore for the December quarter, up 27% over ₹1,363.40 crore booked in the same period a year ago, boosted by margin improvement.

time to read

1 min

January 25, 2026

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