Every time analysts discuss the factors that contribute to money being transferred to other nations illegally, they highlight two significant points: Trade based money transfer -- under invoicing and ...

The District Police Office, Kathmandu, apprehended them with cash totaling Rs 11.6 million. Following their arrest, the Kathmandu District Court granted a five-day extension for investigation.

What is the reason behind hundi's existence? Why is it considered problematic, if other informal money transfer mechanisms aren't considered the same? And if hundi is so wrong, why aren't the ...

In the hustle and bustle of Chowk Yadgar, formerly known as the Hasting’s Memorial, a young man, whilst shouting “come purchase dollars and dinars,” can be seen frantically beckoning passersby to come ...

Hundi is a way of money transaction outside the conventional banking system. It can also be called an informal document of commercial exchange and transaction. Technically, hundi is a written ...

Despite an increasing number of Bangladeshis leaving for jobs abroad, the remittance inflow is decreasing at an alarming rate. In September 2023, migrant workers sent home $1.34 billion—the lowest ...

Vijayawada: The hundi collections at the famous Sri Durga Malleswara Swamy Varla Devasthanam atop Indrakeeladri in Vijayawada ...

Visakhapatnam: The hundi of Sri Varaha Lakshmi Narasimha Swamy Devasthanam temple netted an income of Rs.1.45 crore in the past 21 days.The hundi counting exercise was carried out at the ...

The ‘hundi’ at the temple of Lord Venkateswara here has been registering a tremendous increase in the income since the complete relaxations of COVID protocols in March this year. The fact that the ...

A devotee in Thiruporur, India, accidentally dropped his iPhone into a temple's donation box. The temple authorities refused to return it, stating anything dropped in the hundi becomes temple property ...