A remittance is quite simply a money transfer made by a foreign worker or a migrant, back to an individual in their home country. Incredibly, money transferred this way to developing countries is now nearly on par with the amount given in financial aid. Today the...
The amount of money that Indians send back to their home country India, be it to buy an asset or to fund education for their children has been increasing. According to Reserve Bank of India (RBI), outward remittances totaled $447 million in December 2015. This was...
Singapore is said to be one of the biggest net importers of migrants in their country. A lot of Indians are settled as well as working in Singapore. The Singapore economy is primarily knowledge-based, making skilled laborers very valuable, yet supporting its rapidly...