HashtagsCompiled on | #Internationaldayoffamilyremittances, #FamilyRemittances |
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Related Hashtags | #Remittances, #Family |
2024 Date | 16 June 2024 |
2025 Date | 16 June 2025 |
India & Common Holidays | ||
Misc. & Int'l. Observances | ||
Muslim Holidays |
International Day of Family Remittances in Top X Posts (formerly Tweets) for International Day of Family Remittances -Updated
International Day of Family Remittances HistoryThe International Day of Family Remittances (IDFR) is a global observance that recognizes and celebrates the significant contributions of migrant workers to their families and communities back in their home countries. It aims to raise awareness about the vital financial lifelines provided by millions of migrants across the globe and the need for improved financial inclusion to boost the economic development of their home countries. The event emphasizes the importance of supporting the well-being of migrants and fostering partnerships among various stakeholders, including the private sector and governments, to reduce the costs and increase the impact of remittance services. This observance holds a special significance for India, as the country has a sizeable migrant population that contributes enormously to both the national and global economy. In 2019, India received the highest remittance inflow worldwide, accounting for USD 83 billion. Established by the International Fund for Agricultural Development (IFAD) in collaboration with over 100 partners in June 2015, the observance promotes awareness of the critical role played by remittances in alleviating poverty and promoting sustainable development for families and communities back home. The IDFR resonates with the aspirations of millions of Indian migrants, who work hard to support their families and contribute to the nation's growth. In India, the International Day of Family Remittances is observed through a series of events and activities that aim to raise awareness and encourage dialogue around the issue of remittances. Financial institutions, non-government organizations, and government departments organize seminars, workshops, and panel discussions to explore the challenges and opportunities in the remittance sector. Initiatives are undertaken to promote better use of digital channels, incentivize formal remittance methods, and advocate for cost reduction in money transfer services. The International Day of Family Remittances takes place annually on June 16, serving as a reminder of the crucial role played by remittances in the lives of people and communities in India and across the globe. Facts about Family Remittances
In the News and Trending in India for International Day of Family RemittancesUpdated The International Day of Family Remittances - SciComm & NIASniascomm.in Migrant remittances are a lifeline - International Day for Family Remittances 2024youtube.com International Day of Family Remittances 2024 - Message from IOM Director General Amy Popeyoutube.com PS Remarks on International Day of Family Remittancesyoutube.com Top things to do in India for this observance
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