India Impact: Dubai Remittance Crisis

The International Monetary Fund (IMF) has said the Dubai World debt restructuring “will not have a large impact” on the flow of remittances out of the UAE.

The UAE accounts for nearly 13 per cent of the total remittance flow into India, with as many as 42 per cent of the 1.5 million population of Dubai being Indians.

Noting that remittances worth $10 billion (Dh36.7 billion) go out of the UAE, a top IMF official has said the Dubai debt restructuring might have some effect on those outflows.

Click to continue reading “India Impact: Dubai Remittance Crisis”

December 5th, 2009 | Category: Country, India, Remittance, Remittance from UAE, Remittance to India | Comments are closed

India Post’s two new services – MO Videsh and Flat Rate Boxes

Union Communication and IT Minister A Raja today launched India Post’s two new services – MO Videsh and Flat Rate Boxes. MO Videsh was an offering in the field of international remittance services, which would be the first outward remittance service from the Department, barring the paper based money order service that existed towards Nepal and Bhutan, India Post sources said.

Click to continue reading “India Post’s two new services – MO Videsh and Flat Rate Boxes”

October 26th, 2009 | Tags: , , , , , , , , , | Category: India, Remittance, Remittance to India | Comments are closed

Remittance Offers in this Diwali Season

 

It is Diwali season in India and the festive sprits are high. The festival of lights has certainly lifted the dampened sprits of recession with the stock markets rocketing for the past couple of days, even the dropping exchange rates have started to gain with a INR2 gain in the pound from the previous close of INR 73.20 to over INR 75 today.

 

The remittance service providers have quite a bouquet of offers on their sites, a few of them are as follows -

 

Barclays Remittance: Online Money Transfer offers UK ATP tour tickets free to its customers who remit money between 10th October till 9th November. The tickets will be for the finals match to be held in London. Please click here to see the promotion.

 

Remit2India: They offer white-goods which will be delivered to an address in India. The offer requires you to transfer money and play a simple game to be elegible for the offer. Please click here to see the promotion.

 

Money2India: They offer calling cards on remittances. Please click here to see the promotion.

 

Don’t miss out on the offers!

October 16th, 2009 | Tags: , , , , , , , | Category: India, Remittance, Remittance from US, Remittance from US, Remittance to India, Send from UK, Send from US | Comments are closed
 
  Older Entries »