Thursday, 29 September, 2022
TopicRemittances

Topic: remittances

Indian residents can now invest in GIFT City under LRS, but RBI isn’t thrilled about it

The IFSC regulator has approved banking regulations for IBUs. It has allowed resident Indians, with a net worth of not less than $1 million, to invest in IBUs.

Record remittance is turning into a crash for emerging markets like India

As migrants workers from Asia's developing nations see opportunity drying up in job market, they are sending money home in advance of their own return.

Pakistan to seek deposits from citizens overseas to boost foreign exchange reserves

Non-resident Pakistanis will be allowed to open digital accounts to allow diaspora to invest in stock markets, buy govt debt and conduct basic banking.

Offer cashback, relax KYC norms to check decline in remittances, suggests WEF paper

Remittances, or the money overseas citizens send back to their home country, are expected to contract 20% in 2020 on account of Covid-19, according to a World Bank report.

Bangladesh is facing a major remittance loss due to Covid-19

International remittances make up 7 per cent of Bangladesh’s GDP, but Covid-19 has adversely impacted its migrants working in countries with strict lockdowns.

Kerala could lose Rs 13,000 cr in remittances as over 4 lakh register to return from abroad

The Covid pandemic and the ongoing economic crisis have led to severe job losses abroad, prompting thousands to approach the Kerala government to return home.

Allahabad HC remarks in Chinmayanand hearing unwarranted, bound to prejudice case

ThePrint view on the most important issues, instantly.

Migrant workers sent more money to India than any other country last year

The World Bank estimates remittances to low and middle-income countries reached a record high of $529 billion in 2018, an increase of 9.6 per cent from 2017.

India world’s highest recipient of remittances, Kerala flood likely boosted aid

World Bank said India’s remittances grew more than 14%, placing it ahead of China and Mexico.

India retains position as top receiver of remittances, says World Bank report

Over the last three years, India has registered a significant flow of remittances from USD 62.7 billion in 2016 to USD 80 billion 2018.

On Camera

YourTurn

Priyanka and Sonia Gandhi at a Congress rally in Amethi in June 1991. It was at this rally that Sonia fired the first salvo at the P.V. Narasimha Rao government of going slow on the probe into Rajiv Gandhi's assassination | Praveen Jain/ThePrint

Sonia Gandhi still doesn’t get that meaning of power has changed in India

Sonia Gandhi’s sin is thinking that any Congress leader would prefer president post over CM chair.
European Commission President Ursula von der Leyen and EU Foreign Policy Chief Josep Borrell address the media on the Ukraine crisis in Brussels, Belgium, on 28 September 2022 | Yves Herman/Reuters

Oil price cap to blacklistings — EU slaps new ‘biting’ sanctions on Russia over Ukraine

Ursula von der Leyen, who proposed the fresh sanctions said the European Union is 'determined' to make Russia pay the price for the further escalation with Ukraine.

Defence

File image of Lieutenant General Anil Chauhan Twitter@adgpi

Centre appoints ‘China expert’ Lt Gen Anil Chauhan as new CDS

Lt Gen Chauhan retired as the Eastern Army Commander on 31 May, 2021. Prior to that, he was the Director General of Military Operations during the Balakot air strike in 2019.
Illustration by Soham Sen | ThePrint

AAP’s filling a big vacuum in Indian politics. Question is how long it can sustain without ideology

If you find admiration for AAP qualified, if not muted among many of the Modi-BJP’s critics, it is because they question it for its lack of ideological clarity. Especially on secularism.
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