remittances

Outward remittances in February under the Reserve Bank of India’s (RBI’s) liberalised remittance scheme (LRS) fell 23 per cent over January, latest data released by the central bank, in its monthly bulletin, revealed. Photograph: Dado…

Last Updated: April 14, 2023, 05:58 ISTThe country’s imports also grew by 16.5 per cent to USD 714 billion in 2022-23 as against USD 613 billion in 2021-22. (Representative image)The total goods and services exports during the last fiscal…

A foreign currency dealer counts US dollar notes at a currency market in Karachi on July 19, 2022. — AFPRemittances sent by overseas Pakistani workers, a major source of foreign exchange, rose to a seven-month high of $2.5 billion in…

Founders and senior executives of new-age stock investing platforms such as IndMoney, Vested Finance, and Stockal met officials in the finance ministry on Monday to discuss the possible implications of a proposed 20% levy on foreign…

A foreign currency dealer counts US dollar notes at a currency market in Karachi on July 19, 2022. — AFPRemittances sent home by overseas Pakistani workers plunged to more than a two-year-low as the cap imposed on the US dollar…

India's foreign inward remittance jumped to $80.127 billion in 2020-21, the highest ever in a single year, according to Union Minister of State for Finance Pankaj Chaudhary. Remittances are transfers sent from one individual to another or…

A currency dealer counts dollars at a currency exchange shop in Karachi, on August 1, 2018. — AFP/FilesKARACHI: Remittances sent home by overseas Pakistani workers fell 19% to $2 billion in December 2022 compared to $2.52 billion in…

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 $100 billion for the year 2022, an increase of 12 per cent in one…

Of $90 billion remittances that India is expected to receive in 2022, only $27.4 billion has come in the first half of the year. Photograph: Mohamed Abd El Ghany/Reuters India is likely to receive $100 billion in remittances this calendar…

The story so far: Remittances to India are set to touch a record $100 billion in 2022, according to the World Bank’s latest Migration and Development Brief titled, ‘Remittances Brave Global Headwinds’. India received $89.4 billion in 2021 —…