CURRENT AFFAIRS

Detailed explanation-1: -The International Day of Family Remittances (IDFR) was adopted by the United Nations General Assembly and is observed on 16 June. The IDFR recognizes more than 200 million migrant workers, women and men, who send money home to over 800 million family members.

Detailed explanation-2: -The International Day of Family Remittances (IDFR) was adopted by the United Nations General Assembly and is observed on 16 June. The IDFR recognizes more than 200 million migrant workers, women and men, who send money home to over 800 million family members.

Detailed explanation-3: -Every year, the day is observed under some or the other theme, but this year the United Nations is continuing last year’s theme which is ‘Recovery and resilience through digital and financial inclusion.

Detailed explanation-4: -In its resolution 44/82 of 9 December 1989, The General Assembly proclaimed The International Year of the Family. In 1993, the General Assembly decided in a resolution (A/RES/47/237) that 15 May of every year should be observed as The International Day of Families.

Detailed explanation-5: -Remittances are the financial side of the social contract that binds migrants to their families back home. While these inflows total in the billions, the number that matters the most to families is the average remittance of US$200-US$300 a month.