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From Pakistan to India: $14.36 billion in remittances over 3 years!

From Pakistan to India: $14.36 billion in remittances over 3 years!

World Bank said those living in Pakistan sent USD 4.9 billion to India in 2015. Its Bilateral Remittance Matrix put the money flowing from Pakistan to India in 2014 at USD 4.79 billion and USD 4.67 billion the year before that.

India tops in remittances, receives $70 billion

The World Bank has said India continues to be the leading nation in remittances pulling in USD 70 billion from its global migrant workforce in 2014.

Remittance 'super tax' costs Africa $1.8 billion a year: Report

Africans are losing USD 1.8 billion (1.3 billion euros) a year due to high fees levied on funds sent from abroad by relatives, Britain`s leading think tank on development said Wednesday.

India leads global remittances with $70 billion in 2013

India lead global remittances in the year 2013 with a whopping USD 70 billion in its kitty, of which USD 65 billion were earned from the country's flagship software services exports, the World Bank reported Friday.

Be alert while processing claims of closed firms: EPFO to staff

Worried over instances of fraudulent withdrawal of PF money, the retirement fund body EPFO has directed its field staff to remain vigilant while processing the claims specially with regard to closed firms.

Remittances to help balance capital outflows: World Bank

Remittances to developing countries should swell 6.3 percent this year to USD 414 billion, flowing from workers abroad to their home countries and helping to offset volatile capital outflows, according to World Bank forecasts released on Wednesday.

Bihar at 5th position in terms of inward remittance

Bihar figures at fifth position in the country in terms of receiving foreign remittances, with a total of over Rs 200 crore sent through post offices in the last fiscal.

Dhaka`s forex reserves jumps by 91% in a yr; cross $10 bn

Bangladesh`s foreign exchange reserves have crossed the USD 10 billion mark, the highest ever, an official said.

Migrant remittance to developing nations to touch $317 bn

Migrant remittance flow to developing countries, including India, will be around USD 317 bn this year, but will return to the recovery path in years to come, the World Bank has said.

Remittances from UAE to India to grow in coming months

Remittances to India by expatriates living in the UAE could rise in the days ahead in view of the coming festive season and the fear that the rupee would weaken further against the US dollar, media reports here said.

India tops in global remittance flow: World Bank

India has retained its position
as the highest recipient of global remittance flow.