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remittances

Indians send Rs 571000 crore back home, make country top recipient of remittance in 2018

Indians send Rs 571000 crore back home, make country top recipie...

Sat, Dec 08, 2018

India will continue to remain top recipient of remittance in 2018 as its people send as much as US $80 billion (Rs. 571000 crore approx) to their families living in the country as per the latest edition of the World Bank's Migration and Development Brief report released on Saturday.

At $69 billion, India top recipient of remittances last year

At $69 billion, India top recipient of remittances last year

Tue, Apr 24, 2018

India retained the top position as recipient of remittances with its diaspora sending about $69 billion back home last year, the World Bank said. The upsurge is likely to continue on the back of stronger economic conditions in advanced economies.

Why India could lose its top spot in remittances to China in 2017

Why India could lose its top spot in remittances to China in 2017

Wed, Apr 26, 2017

With US tightening its restrictions on Indian employees holding H-1B visas, we could see a lot of them being sent home after their visa expires.

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China unveils fresh steps to curb capital outflows, spur inflows

China unveils fresh steps to curb capital outflows, spur inflows

Thu, Jan 26, 2017

Inorder to curb capital outflows and to boost foreign currency inflows of the country, China's foreign exchange regulator State Administration of Foreign Exchange (SAFE) has issued new guidelines in the latest step to ease pressure on the yuan currency.

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