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Context: Recently, world bank published data on global remittances.
India related data
What is a Remittance?
Why remittances are on the rise?
Remittances to India
Under the Foreign Exchange Management Act (FEMA) of 1999, Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) can open and maintain three types of accounts
Note: NRO Accounts are not repatriable except for all current income.
Impact of Remittance in Indian Economy
By: Shubham Tiwari ProfileResourcesReport error
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