NEW DELHI: Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday made a case for reducing time and cost of overseas remittances, which are important for developing economies including India.
According to the World Migration Report 2024 released by the International Organisation for Migration (IOM), India's remittances surged to $111 billion last year, surpassing all other nations.
As per the Bank of England projection, the value of global cross-border payments is estimated to surpass $250 trillion by 2027.
The significant volume of crossborder worker remittances, the growing size of gross flows of capital, and the increasing importance of cross-border ecommerce have acted as catalysts to this growth, he noted.
Esta historia es de la edición October 15, 2024 de Millennium Post Delhi.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición October 15, 2024 de Millennium Post Delhi.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
‘Waack Girls’ to premiere on November 22
The nine-episode series is a delightful medley of dance, drama, music, heartbreak and humour
Lady Gaga to guest star in 'Wednesday' S2
The pop star most recently starred in 'Joker: Folie a Deux' opposite Joaquin Phoenix
Arjun says Priyanka was 'out of their league' in 'Gunday'
'She did the film with us and we had the chance to work with Irrfan sir, who played the opposition force,' he says
Crazy on Crab: A delectable seafood experience
Eros Hotel, New Delhi, is thrilled to present ‘Crazy on Crab’, a seafood extravaganza that promises to delight crab enthusiasts from November 16 to November 24.
Sidhant feels 'honoured' to portray Pandit Jawaharlal Nehru
He will be seen in 'Freedom at Night'
Disha is 'fascinated' by Japanese anime
The Bollywood actress has made her Tamil cinema debut with 'Kanguva'
Sinner qualifies for semis at ATP Finals
Top-ranked Jannik Sinner became the first player to advance to the semifinals at the ATP Finals on Thursday.
India's Japan Masters campaign ends
India's campaign came to a premature end as double Olympic medallist PV Sindhu crashed out in the pre-quarterfinals of the Kumamoto Masters Japan Super 500 badminton tournament here on Thursday.
Deepika scores 5 goals in India's massive 13-0 win over Thailand
ACT WOMEN'S HOCKEY
Focus on Rinku's form and batting position as India aim series win
Rinku who is one of the finest exponents of T20 has suddenly gone off boil recently
