Remittance Current Affairs, GK & News
World Bank Migration and Development Brief
The World Bank recently released its 37th Migration and Development Brief 2022 titled ‘Remittances Brave Global Headwinds, Special Focus: Climate Migration’. What are the key findings of the report? Remittances to low and middle income countries increased by nearly 5 per cent to around 626 billion USD in 2022. This is less than 10.2 per ..
Month: Current Affairs - December, 2022
Category: Reports & Indexes Current Affairs
Topics: international remittances • Remittance • remittances • Remittances to India • World Bank • World Bank Report
PayPal introduces digital Foreign Inward Remittance Advice (FIRA)
The Digital Payment service provider PayPal recently introduced Foreign Inward Remittance Advice. It is an automated process to obtain monthly foreign inward remittance advice. What is FIRA? It is a document that acts as a proof for all the payments and inward remittances from a foreign country. It is issued by banks in India. The ..
Month: Current Affairs - May, 2021
Category: Economy & Banking Current Affairs - 2022
Topics: Digital Banking • FIRA • MSME • PayPal • Remittance
Migration and Development Brief Report of World Bank: Key Facts
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 ..
Month: Current Affairs - October, 2020
Category: Reports & Indexes Current Affairs
Topics: Economic Slowdown • india-world bank • international remittances • Remittance • Remittances to India • World Bank
“Dream Kerala Project” launched for Keralites returning from abroad
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
Category: Government Schemes Current Affairs • International / World Current Affairs
Topics: Dream Kerala Project • Government Schemes India • Kerala • non resident • NRI investments • Remittance • Remittances to India • Unemployment
June 16: International Day of Family Remittances
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
2019 edition of International Day of Family Remittances (IDFR)
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 ..
Topics: Culture • Human migration • International factor movements • Remittance • remittances • World