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India Receives $125B in Remittances, Tops Global Charts: World Bank Report

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India leads global remittances, receiving $125B in 2023, according to a World Bank report. Skilled Indian workers in the US, UK, and Singapore contribute significantly to the growth, with the UAE being the second largest contributor. Remittance growth is expected to soften in 2024 due to global inflation and low growth prospects.

Boosting MSME Growth in Asia Pacific: ADB Report Reveals Key Strategies for Recovery

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Boosting MSME growth in Asia Pacific: ADB report highlights strategies for recovery. Learn how policy support, digitalization, skill development, and access to finance can drive inclusive and sustainable development.

Egyptian State-Run Insurer Offers USD Pension Plan for Expats

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Misr Insurance introduces USD pension plan for Egyptian expats | Alleviate pressure on foreign currency reserves while securing retirement savings for Egyptians living abroad.

CBN Warns Financial Institutions of Repercussions for Illegal Forex Transactions, Nigeria

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The Central Bank of Nigeria (CBN) warns financial institutions of repercussions for illegal forex transactions. Strict measures implemented to curtail illicit remittances and foster economic growth.

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CBN Warns Financial Institutions of Repercussions for Illegal Forex Transactions, Nigeria

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The Central Bank of Nigeria (CBN) warns financial institutions of repercussions for illegal forex transactions. Strict measures implemented to curtail illicit remittances and foster economic growth.

Tracing Shifting Patterns of Remittance Flows: Understanding the Movement of Money Across Borders

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India is set to receive a record-breaking $100 billion from overseas workers’ remittances by 2022-23, with potential for it to exceed $110 billion. However, this sector has faced taxation for certain types of spending, leading to uncertainty in behaviours. Meanwhile, Indian nationals sending money abroad hit a record high at $27.1 billion. While remittances have traditionally been a crucial source of income, with the shift towards revenues from software and business services in India's current account, it remains uncertain if they can continue their stabilizing effect during future economic crises.

India’s Affordable Digital Platforms Showcase Technological Supremacy Globally

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Discover how India's Digital Public Infrastructure (DPI) is transforming lives through a triad of identity, payments, and data management. Learn how India hopes to export this low-cost software to other developing countries.

Forex Reserves Dip Below $30 Billion Once Again

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Bangladesh's forex reserves fluctuate below $30 billion as import bills impact stability, highlighting need for proactive measures.(150 characters)

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