Remittance Current Affairs, GK & News
On October 30, 2020, the World Bank released the migration and development brief report. According to the report the remittances of India will fall by 9% by the end of 2020. India’s remittances will drop down to 76 billion USD due to covid-19 crisis and the Global economic recession . Key findings The report says ..
Category: Reports & Indexes Current Affairs
On July 1, 2020, Kerala announced “Dream Kerala Project”. The project is being rolled out to tap potential and experience of those returning from abroad. Highlights According to the Government of Kerala, Rs 85,000 was sent by the expatriates in 2018. This has touched now touched Rs 1 lakh crore. Their remittances in banks amount ..
Month: Current Affairs - July, 2020
Every year, the International Day of Family Remittances is observed on June 16 by the United Nations. The day is observed all over the world. This year the day is celebrated under the theme Theme: Remittances are a lifeline Highlights The day is celebrated to recognize the efforts of migrants living abroad and help improve ..
Month: Current Affairs - June, 2020
Category: Important Days & Events Current Affairs
Topics: foreign funds • Gulf Countries • Indian diaspora • International Day of Family Remittances • NRI deposits • NRIs • OCI • Remittance • remittances • Role of Indian Diaspora in building a New India
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 ..
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), ..