Will your international credit card spends come under liberalised remittance scheme soon? What you should know
Tuesday, 26 March 2024 Indian banks are gearing up for changes in rules on international credit card spending under the liberalised remittance scheme (LRS). The Reserve Bank of India (RBI) plans to include overseas credit card transactions within the annual remittance cap. New regulations aim to regulate expenditures and tax collection on high-value expenses.
Visa and Mastercard Settle , Antitrust Suit Over Swipe Fees.
The two companies have reached a settlement with American merchants which could "save consumers tens of billions of dollars," NBC News reports.
Credit card companies collect
swipe fees to enable transactions.
These fees are passed...
With credit card debt at high levels, itβs important to remember that applying for a card can ding your credit score. Veuerβs Matt Hoffman reports.
Tuesday, 26 March 2024
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