RBI allows Indian firms to remit salaries of foreigners overseas

The Reserve Bank of India (RBI) on Thursday allowed companies to remit overseas the salaries of foreigners working in the country.

"We have been receiving queries whether remittance of salary outside the country can be effected for employees on deputation to a group company in India and for employees of limited liability partnerships," the central bank said, on what caused the change.

Accordingly, changes have been made in regulations, RBI said.

The RBI has also expanded the definition of a "company", to include "Limited Liability Partnership".