Start learning 50% faster. Sign in now
Transfer payments are the receipts that the residents of a country get for free without having to pay for any goods or services. They Include migrants’ transfers by way of remittances for family maintenance, repatriation of savings and transfer of financial and real resources linked to changes in the resident status of migrants. Transfers payments represent one-sided transactions, i.e., transactions that do not have any quid pro quo. Since payments have to be made for the imported material, it does not form part of Transfer payments. Official transfer receipts record grants, donations and other assistance received by the Government from bilateral and multilateral institutions. Similar transfers by Indian Government to other countries are recorded under official transfer payments.
APR stand for
Silent Valley National Park is located in which state?
In which of the following states the first portable hospital of India is being built?
Flipkart recently launched its UPI (Unified Payments Interface) handle to enhance digital payment offerings. Who is powering Flipkart UPI?
National Sugar Institute is located in which district of Uttar Pradesh?
Which city was ranked as the costliest city for international workers in Mercer’s 2024 cost of living data?
Which organization launched the "Millets: Seeds of Change" digital exhibit?
What will be the venue for the Winter Olympics 2026?
Where is Sahnewal Airport located in India?
What specific aspect of the India-UK Free Trade Agreement (FTA) is India focused on protecting through the Rules of Origin in the auto sector?