Page-3 of remittances
India highest recipient of remittances in 2017
As per World Bank (WB)’s latest report “Migration and Development Brief”, India is the highest recipient of remittances globally in 2017 with $69 billion, followed by China ($64 billion), the Philippines ($33 billion), Mexico ($31 billion), Nigeria ($22 billion), and ..
Month: Current Affairs - April, 2018
India highest recipient of Remittances in 2017: World Bank
According to recently released Migration and Development Brief by World Bank, India has retained top position as recipient of remittances with about $69 billion in 2017. India was followed by China ($64 billion), Philippines ($33 billion), Mexico ($31 billion), Nigeria ..
Month: Current Affairs - April, 2018
RBI tightens reporting norms for Liberalised Remittance Scheme
The Reserve Bank of India (RBI) has tightened reporting norms for the Liberalised Remittance Scheme (LRS) under which individual can transfer up to US $2,50,000 abroad in a year. The purpose of tightening of norms is to improve monitoring and ..
Month: Current Affairs - April, 2018
What is a Current Account?
Current Account is an important indicator of the economic health of a nation. It keeps a record of the transactions of the nation with the rest of the world i.e. the net of trade in goods and services, net transfer ..
India world's largest remittance recipient in 2015: World Bank
As per recently report of World Bank, India remained the world’s largest remittance recipient in 2015. It was revealed by the World Bank’s annual report Migration and Development Brief. In 2015, India attracted about 69 billion US dollars in remittances, ..