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REMITTANCE RECIPIENT
Residents tempted to gatecrash FCNR party for NRIsWealthy Indians are finding ways to benefit from a new foreign currency deposit scheme. They are sending money to NRI relatives as gifts to...- India, Nepal launch UPI-NPI linkage for real-time cross-border remittancesIndia and Nepal have unveiled a direct payment link between their respective UPI and NPI systems, revolutionizing cross-border remittances....
- India tightens checks on overseas flows as currency pressure mounts, sources sayIndia's central bank and markets regulator are intensifying scrutiny on overseas investments by firms and family offices, issuing multiple ...
- Four myths about the falling rupee and what India must actually doIndia's rupee is facing pressure from global events. The nation needs a plan to tackle weaknesses that amplify these impacts. Energy indepe...
- The $138 bn buffer: India’s most visible export can rescue the rupeeIndia is considering a policy push to accelerate overseas deployment of skilled workers as part of a broader strategy to support the rupee ...
- India leads in global remittance inflows as overseas workforce and student migration growIndia maintained its position as the world's largest recipient of remittances in 2024, with inflows reaching $138 billion. This significant...
- India pushes for inclusive migration, stronger anti-trafficking laws at UNGAIn its pursuit of a more humane migration policy, India is developing a framework that embraces an inclusive ethos while confronting issues...
- Indian investments in US on rise, creating American jobs: OfficialIndian companies are investing significantly in the United States. Recent data shows USD 16.4 billion in foreign direct investment, creatin...
- India's economy projected to grow at 6.4% this year: UNIndia’s economy is projected to grow 6.4% in 2026 and 6.6% in 2027, according to a United Nations Economic and Social Commission for Asia a...
- How UPI can make India an architect of global financial connectivityIndia's triumph with UPI in digital payments is on the brink of revolutionizing cross-border money transfers. The goal is to enhance the sp...
- Indian diaspora sends home over $100 billion for second year in a rowMy 2023-24 remittances were influenced by migration trends, job opportunities, and costs, with the US as the primary source. India remained...
- India tops global remittance charts at $125 billion in 2023Despite these positive trends, challenges and potential risks are highlighted. The Middle East and North Africa saw a decline in remittance...
- Remittance cost for workers outside India likely to be brought down to 3% by 2027: Official"Workers and labourers employed outside India have to bear a high remittance cost, and G20 leaders have attached a lot of significance to r...
- With $87 billion, India top remittance recipient in 2021: UN reportWith $87 billion, India was the top remittance recipient among low- and middle-income countries, as per 2021 estimates, way ahead of China ...
- India was the top recipient of remittances worldwide in 2018India was the top recipient of remittances worldwide in 2018, data from the World Bank shows. The remittances were boosted in part by migra...
- India was world's largest remittance recipient in 2015: World BankOther large remittance recipients in 2015 were China, with USD 64 billion, the Philippines (USD 28 billion), Mexico (USD 25 billion) and Ni...
- PM Narendra Modi seeks G20 deadline to lower cost of remittancesWith about USD 70 billion in remittances in 2013, India is the largest recipient of officially recorded remittances in the world.
- ET in the classroom: Why remittances are important for IndiaThese are payments sent by Indians abroad to relatives back home.
- India world's largest remittance recipientIndia has now captured one-tenth of global remittance flows. An estimated $27.1 bn was remitted to India in 2006-07. NRIs: Away but united ...
- Migrant labour fuels Gulf remittancesIndia is the top recipient of remittances in the world, a large part of which comes from oil-rich Gulf economies. Day in pics | Corporate h...
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