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Inflow of remittances declining: Govt

Press Trust of India  |  New Delhi 

received USD 61.29 billion in remittances in 2016-17, which is a decline of USD 4.3 billion compared to the previous year, according to details provided by the government.

Replying to a question in the Rajya Sabha, said had received USD 65.59 billion in remittances in 2015-16 against USD 61.29 in 2016-17.

It was USD 69.81 billion in 2014-15, he said.

A majority of remittances to comes from Indian citizens living in the Gulf region.

"Economic slowdown and job losses in the Gulf region, arising out of an unprecedented fall in might have resulted in the decrease of inward remittances to India," Singh said.

To a separate question on Pakistan, he said the government has "clear and consistent" position that it desires normal neighbourly relations with that country, and is committed to addressing all outstanding issues bilaterally and peacefully.

"However, any meaningful dialogue can be held only in an atmosphere free of terror, hostility and violence. Onus is on to create such a conducive atmosphere," he said.

Singh said continued cross-border terrorism remains a core concern for

"has repeatedly called upon to abide by its commitment not to allow any territory under its control to be used for terrorism against in any manner," he said.

Singh said,"has also been asked to take effective actions to end terrorism and dismantle on the territory under its control. Till then, will continue to take firm and decisive steps to respond to cross-border terrorism.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 15 2018. 23:15 IST
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