commercial banks

Remittances company wise sets up shop in India

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Mumbai: Global remittances company Wise launched its India operations to tap the $18 billion odd outward remittances market. The company is targeting individuals sending money abroad under the Reserve Bank of India’s liberalised remittances scheme (LRS) and later move on to facilitate outward payment transactions for businesses. It aims to bring down the cost of … Read more

View: What happens when political compulsions come in the way of fiscal prudence?

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SSS must turn viable over time, with less government intervention in fund use and gradually linking returns to markets. Synopsis The action to sharply cut interest returns on State-backed small savings schemes (SSS), and a quick correction to reverse it — in what would go down as the fastest rollback of a fairly important government … Read more