Page 36 - Development Brief News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Remittance is derived from the word 'remit' which means 'to send back'. Remittance refers to money that is sent or transferred to another party, usually overseas. Remittances can be sent via a wire transfer, electronic payment system, mail, draft, or cheque.   Remittances can be used for any type of payment including invoices for business purposes or other obligations like personal transfers made to family and friends.   According to the World Bank, 2019 Migration and Development Brief, $529 billion in remittances were sent to low and middle-income countries in 2018. An increase of 9.6...

KATHMANDU, Jan. 14 -- Remittance inflow increased by 10.9 percent to Rs 416.81 billion in the first five months of the current fiscal year despite a fall in the number of outbound workers during the period.According to the Current Macroeconomic report released by Nepal Rastra Bank (NRB), the number of individuals seeking the permit for foreign employment during the period between mid-July and mid-December was declined by a whopping 77.9 percent....

POSITIVE STORIES FROM 2020: Former Lisnagelvin Leisure Centre building looks set for a new lease of life Building has been vacant for a number of years The leisure centre closed several years ago. Reporter: '); The former Lisnagelvin Leisure Centre building looks set for a new lease of life. The leisure centre, which was a much-loved facility in the city for many years, closed several years ago. The building, which is owned by Derry City and Strabane District Council, has been vacant since. However, DUP Foyle MLA Gary Middleton today said the building has now been placed on the public market...

Share: As the COVID-19 pandemic and economic crisis continues to spread, the amount of money migrant workers send home is projected to decline 14 percent by 2021 compared to the pre-COVID-19 levels in 2019. According to the latest estimates published in the World Bank’s Migration and Development Brief remittance flows to low and middle-income countries are projected to fall by 7 percent, to $508 billion in 2020, followed by a further decline of 7.5 percent, to $470 billion in 2021. The World Bank says in Sri Lanka, remittances are projected to fall by about 9 percent in 2020 to $6.7 billio...