The International Day of Family Remittances (IDFR) is observed every year on 16th of June to recognize the contribution of over 200 million migrants to improve the lives of their 800 million family members back home, and to create a future of hope for their children. Through this observance, the United Nations aim at bringing ..
International factor movements: GK, General Studies and Current Affairs
The World Bank (WB) has recently released its latest edition of Migration and Development Brief. In it, India has retained its position as the world’s top recipient of remittances with its diaspora sending a whopping $79 billion back home in 2018. India was followed by China ($67 billion), Mexico ($36 billion), the Philippines ($34 billion), ..
India is expected to retain its position as world’s top recipient of remittances with $80 million in 2018
India is expected to retain its position as the world’s top recipient of remittances with $80 million in 2018, as per latest World Bank’s report ‘Migration and Development Brief’. India is followed by China ($67 billion), Mexico and the Philippines ($34 billion each) and Egypt ($26 billion). The bank estimates that officially recorded remittances to ..
According to the report ‘RemitSCOPE – Remittance markets and opportunities – Asia and the Pacific’, India has become the largest remittance-receiving country in the world in 2017, with migrant workers from the country sending home 69 billion US dollars. The remittances to the Asia-Pacific region amounted to 256 billion dollars last year. In 2017, India ..