Page-2 of Remittance
India highest recipient of remittances in 2018
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 ..
UAE and Saudi Arabia launch a common digital currency “Aber”
The central banks of the UAE and Saudi Arabia have launched a common digital currency called “Aber”, which will be used in financial settlements between the two countries through Blockchains and Distributed Ledgers technologies. It will establish an additional means ..
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 ..
India to receive total remittance of $80 billion in 2018: World Bank
According to World Bank’s Migration and Development Brief, India will retain its position as world’s top recipient of remittances in 2018, receiving a total remittance of $80 billion from its diaspora. India is followed by China ($67 billion), Mexico and ..
Month: Current Affairs - December, 2018
RBI tightens norms for LRS by making quoting of Permanent Account Number (PAN) mandatory even for transactions below $25,000
On June 19, the Reserve Bank of India (RBI) has tightened norms for Liberalised Remittance Scheme (LRS) by making quoting of the Permanent Account Number (PAN) mandatory even for transactions below $25,000. Under the LRS, all resident individuals, including minors, ..
India becomes largest remittance-receiving country in world in 2017
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 ..