Remittances
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Remittances To India As Much As Pakistan, Bangladesh Budgets Combined: 5 Facts
India has, for years, been the country receiving highest remittances globally, and this year was no different. India retained the number one spot of being the country which saw the maximum amount of monetary inflow - $129 billion - from its diaspora.
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India Got Over $111 Billion In Remittances In 2022 - A World Record: UN
India received over USD 111 billion in remittances in 2022, setting a world record for getting the largest remittances ever recorded, becoming the first country to surpass the USD 100 billion mark, the United Nations migration agency has said.
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India Becomes 1st Country To Receive Over $100 Billion In Remittances: UN
India received over USD 111 billion in remittances in 2022, the largest in the world, becoming the first country to reach and even surpass the USD 100 billion mark, the United Nations migration agency has said.
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Ministry's Clarification On Tax On Overseas Spending Through Credit Cards
The government on Friday said no TCS will be levied on international spending of up to Rs 7 lakh a year by using debit or credit cards.
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Explained: Finance Ministry's FAQs On Remittance Scheme
The Finance Ministry has published an FAQ on its announcement that international credit card payments will come under the RBI's liberalised remittance scheme, or LRS.
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Bitcoin Usage in El Salvador Down from Last Year, Crypto Remittances Drop by 18 Percent
Data from the Salvadoran Central Reserve Bank (BCR) has revealed that BTC-based remittances have slipped by 17.8 percent around January and February this year. In the first two month of 2022, El Salvador had bagged $19.45 million (roughly Rs. 160 crore) in remittances received as Bitcoin tokens. Whereas this year, during the same months, the amount...
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India Received Around $89127 Million, Highest Ever Remittances In 2021-22
India received foreign inward remittances of USD 89,127 million in 2021-22, which was the highest ever received in a single year, Union minister of state for finance Pankaj Chaudhary informed Parliament on Tuesday.
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$100 Billion Received In Remittances From NRIs In 2022: Nirmala Sitharaman
Underlining the contribution of non-resident Indians, Union Finance Minister Nirmala Sitharaman on Tuesday said remittances sent to the country by overseas Indians were about USD 100 billion for the year 2022, an increase of 12 per cent in one year.
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World-Topping $100 Billion In Remittances Head To India In 2022
Migrant workers from India are on track to send home a record amount of money this year, boosting the finances of Asia's third-largest economy, which is poised to retain its spot as the world's top recipient of remittances.
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How Rs 6,000 Crore Was Sent Illegally To Hong Kong: CBI's New Charge Sheet
The Central Bureau of Investigation has filed two supplementary charge sheets in connection with the alleged illegal remittance of Rs 6,000 crore from Delhi's Bank of Baroda branch to Hong Kong, camouflaged as payment for imports, sources said.
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El Salvador Seeing Influx of Dollars Into BTC as Bitcoin Prices Rise
As per El Salvador's President Nayib Bukele, more Salvadorians are using US dollars to buy Bitcoin. Bukele also said that with Bitcoin in place, the country has collected over $3 million in remittances in one day.
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Remittances To India To Drop By 9% In 2020: World Bank
The World Bank on Thursday said remittances to India would fall this year by 9 per cent to $76 billion due to the ongoing coronavirus pandemic and global economic recession.
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With $79 Billion In 2018, India Tops Global Remittances List: World Bank
India retained its position as the world's top recipient of remittances with overseas Indians sending a whopping $79 billion back home in 2018, the World Bank said in a report on Monday.
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Remittances Rising, But Falling Migration Concern For States Like Kerala
At least 2.54 million households are managed by remittances in Kerala, data shows. One person supports almost close to four people in the state. Remittances from Gulf countries have been falling, data shows
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India's Remittance Inflow Further Declines By $4.3 Billion In 2016-17
India received $ 61.29 billion in remittances in 2016-17, which is a decline of $ 4.3 billion compared to the previous year, according to details provided by the government.
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Remittances To India As Much As Pakistan, Bangladesh Budgets Combined: 5 Facts
India has, for years, been the country receiving highest remittances globally, and this year was no different. India retained the number one spot of being the country which saw the maximum amount of monetary inflow - $129 billion - from its diaspora.
-
India Got Over $111 Billion In Remittances In 2022 - A World Record: UN
India received over USD 111 billion in remittances in 2022, setting a world record for getting the largest remittances ever recorded, becoming the first country to surpass the USD 100 billion mark, the United Nations migration agency has said.
-
India Becomes 1st Country To Receive Over $100 Billion In Remittances: UN
India received over USD 111 billion in remittances in 2022, the largest in the world, becoming the first country to reach and even surpass the USD 100 billion mark, the United Nations migration agency has said.
-
Ministry's Clarification On Tax On Overseas Spending Through Credit Cards
The government on Friday said no TCS will be levied on international spending of up to Rs 7 lakh a year by using debit or credit cards.
-
Explained: Finance Ministry's FAQs On Remittance Scheme
The Finance Ministry has published an FAQ on its announcement that international credit card payments will come under the RBI's liberalised remittance scheme, or LRS.
-
Bitcoin Usage in El Salvador Down from Last Year, Crypto Remittances Drop by 18 Percent
Data from the Salvadoran Central Reserve Bank (BCR) has revealed that BTC-based remittances have slipped by 17.8 percent around January and February this year. In the first two month of 2022, El Salvador had bagged $19.45 million (roughly Rs. 160 crore) in remittances received as Bitcoin tokens. Whereas this year, during the same months, the amount...
-
India Received Around $89127 Million, Highest Ever Remittances In 2021-22
India received foreign inward remittances of USD 89,127 million in 2021-22, which was the highest ever received in a single year, Union minister of state for finance Pankaj Chaudhary informed Parliament on Tuesday.
-
$100 Billion Received In Remittances From NRIs In 2022: Nirmala Sitharaman
Underlining the contribution of non-resident Indians, Union Finance Minister Nirmala Sitharaman on Tuesday said remittances sent to the country by overseas Indians were about USD 100 billion for the year 2022, an increase of 12 per cent in one year.
-
World-Topping $100 Billion In Remittances Head To India In 2022
Migrant workers from India are on track to send home a record amount of money this year, boosting the finances of Asia's third-largest economy, which is poised to retain its spot as the world's top recipient of remittances.
-
How Rs 6,000 Crore Was Sent Illegally To Hong Kong: CBI's New Charge Sheet
The Central Bureau of Investigation has filed two supplementary charge sheets in connection with the alleged illegal remittance of Rs 6,000 crore from Delhi's Bank of Baroda branch to Hong Kong, camouflaged as payment for imports, sources said.
-
El Salvador Seeing Influx of Dollars Into BTC as Bitcoin Prices Rise
As per El Salvador's President Nayib Bukele, more Salvadorians are using US dollars to buy Bitcoin. Bukele also said that with Bitcoin in place, the country has collected over $3 million in remittances in one day.
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Remittances To India To Drop By 9% In 2020: World Bank
The World Bank on Thursday said remittances to India would fall this year by 9 per cent to $76 billion due to the ongoing coronavirus pandemic and global economic recession.
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With $79 Billion In 2018, India Tops Global Remittances List: World Bank
India retained its position as the world's top recipient of remittances with overseas Indians sending a whopping $79 billion back home in 2018, the World Bank said in a report on Monday.
-
Remittances Rising, But Falling Migration Concern For States Like Kerala
At least 2.54 million households are managed by remittances in Kerala, data shows. One person supports almost close to four people in the state. Remittances from Gulf countries have been falling, data shows
-
India's Remittance Inflow Further Declines By $4.3 Billion In 2016-17
India received $ 61.29 billion in remittances in 2016-17, which is a decline of $ 4.3 billion compared to the previous year, according to details provided by the government.
