I-T Investigates Rs 1.29 Lakh Cr Overseas Remittances Trail

The I-T department uncovers a massive Rs 1.29 lakh crore in overseas remittances, with significant amounts sent to China and the UAE. This investigation highlights concerns over currency volatility as the Reserve Bank of India intervenes in the foreign exchange market to stabilize the rupee. The findings could have major implications for financial regulations and international money transfers.

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"When money flows like water, it's time to check the pipes!"

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File ID: #360236Original Source: Times Of India ↗

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