remittances Current Affairs, GK & News
RBI’s Second Cohort under Regulatory Sandbox
The Reserve Bank of India recently announced the second cohort under Regulatory Sandbox. It was announced under the theme of “Cross Border Payments”. What is Regulatory Sandbox? The Regulatory Sandbox refers to live testing of new products and services in a controlled environment. The companies can test their product viability without the need for a ..
Month: Current Affairs - December, 2020
Category: Economy & Banking Current Affairs
Topics: cross border payment • KYC • Limited liability partnership • MSME • MSME Lending • regulatory sandbox • remittances • Reserve Bank of India (RBI) • Retail Payments
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
World Bank’s Migration and Development Brief
As per the report of the World Bank’s Migration and Development Brief, India has retained its position as the world’s top recipient of remittances (money sent back home by its nationals working abroad) in 2018. World Bank Report on Remittances Indian diaspora has sent $79 billion (approximately Rs 5.5 lakh crore) home. The Remittances grew ..
Month: Current Affairs - April, 2019
Category: Economy & Banking Current Affairs
Topics: Asia • Bahrain • China • Egypt • GCC • Gulf Cooperation Council • Indian diaspora • Kerala • Kuwait • Mexico • Migration and Development Brief • Oman • Philippines • Qatar • remittances • Saudi Arabia • UAE • United Arab Emirates • USA • World Bank
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 2018. India was followed by China ($67 billion), Mexico ($36 billion), the Philippines ($34 billion), ..
Topics: Academic disciplines • Economy • Human migration • International factor movements • Remittance • remittances • Remittances to India