Relax! RBI Says No Reporting of Foreign Earnings Needed

Listen up, folks! The Reserve Bank just announced that you can kick back and relax about reporting foreign earnings! They’ll be dropping some FAQs soon to clear up any mix-ups. Governor Malhotra said businesses can self-declare earnings up to ₹10 lakh. The new rules are all about making life easier, so let the banks handle the paperwork. No stress here!