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US Reduces Remittance Tax Rate to 3.5%

The New Indian Express Madurai

|

May 24, 2025

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.

MEER VERHALEN VAN The New Indian Express Madurai

The New Indian Express Madurai

Centre reviews progress on teaching higher edu in Indian languages

THE Education Ministry on Wednesday held a meeting to review the dissemination of higher education materials in Indian languages and strategies to strengthen teaching across all 22 scheduled languages under the Bharatiya Bhasha Pustak Scheme (BBPS).

time to read

1 min

October 30, 2025

The New Indian Express Madurai

Ahead of commercial launch in India, Starlink to hold demo runs in Mumbai

ELON MUSK-led Starlink is scheduled to conduct demonstration runs on October 30 and 31 in Mumbai to showcase compliance with security and technical conditions for satellite broadband services.

time to read

1 min

October 30, 2025

The New Indian Express Madurai

BROTHERS IN CONFLICT, BOUND BY LEGACY

RAGHOPUR’S NEW ROAD, OLD LOYALTIES

time to read

2 mins

October 30, 2025

The New Indian Express Madurai

‘Lalu wants son as CM, Sonia wishes her son is PM’

Addressing poll rallies, Shah hits out at RJD chief and Cong over corruption cases, says the game of Rahul and Lalu will be over on Nov 14

time to read

2 mins

October 30, 2025

The New Indian Express Madurai

Cong warns of 'Nepal-like' stir over farmers' demands

GUJARAT Congress chief Amit Chavda issued a two-month ultimatum Wednesday to the Bhupendra Patel govt, warning of a massive Nepal-style revolt if the farmers’ demands were nor met.

time to read

1 min

October 30, 2025

The New Indian Express Madurai

VINTAGE ROHIT, VIRAT SET TONE FOR WC 2027

a —$___—

time to read

1 mins

October 30, 2025

The New Indian Express Madurai

Coal India profit drops 32% to ₹4,263 crore

Coal India (CIL) on Wednesday said its consolidated profit fell 32% to 4,262.64 crore in the September quarter on the back of lower sales and higher expenses.

time to read

1 min

October 30, 2025

The New Indian Express Madurai

TRIBUNAL QUASHES ₹445-CR TAX DEMAND AGAINST NETFLIX

IN a big relief to Netflix India, the Income Tax Appellate Tribunal (ITAT), Mumbai, has dismissed a ₹445 crore tax demand against it, and rejected the tax department’s attempt to re-characterise Netflix Entertainment Services India LLP as a full-fledged content provider.

time to read

1 min

October 30, 2025

The New Indian Express Madurai

SC to set up guidelines for framing of charges

SO IN TOP COURT

time to read

1 mins

October 30, 2025

The New Indian Express Madurai

India skips Turkey national day, to host Cyprus minister

IN a diplomatic signal reflecting the strain in bilateral relations, India on Wednesday stayed away from Turkish National Day celebrations in New Delhi, reflecting the continuing chill in ties over Ankara’s pro-Pakistan stance during Operation Sindoor and its repeated criticism on the issue of Jammu and Kashmir.

time to read

1 mins

October 30, 2025

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