Why your holidays abroad are going to cost more
February 10, 2023
10 min
27
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Episode 27 · February 10, 2023
Why your holidays abroad are going to cost more
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Why your holidays abroad are going to cost more
Summary
<p>Lately, Indians have been spending increased amounts of money on travelling to foreign countries. In the month of November last year, Indian travellers spent 1 billion dollars abroad. </p><p>The government and even regulator RBI took notice of the new trend.</p><p>And now, in the Union Budget 2023, a new tax has been added to overseas spending through the Liberalised Remittance Scheme (LTS).</p>
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