[PDF] debt and remittance heads

What remittances are credited to the head of the account?

Offices/Departments which are required to follow the Public Works / Forest System of accounts credit the amount so arrived at to the head '8782 Cash Remittances etc.-102 Public Works Remittances 103 Forest Remittances' as the case may be, in their monthly account.

Which 'code heads' are opened in the pamphlet of revenue & debt & remittances?

No ‘code heads for such transactions are opened in the Pamphlet of Revenue, Debt and Remittances Heads. 6, The existing edition has been prepared in four parts namely, Defence, Defence Accounts DepartmentDetence Estates Organization, Ministy of Defence (Civi) and Canteen Stores Department.

Why are remittances important?

Not only are remittances large but they are also more evenly distributed among developing economies than capital flows, including foreign direct investment. Remittances are especially important for low-income countries and account for nearly 4 percent of their GDP, compared with about 1.5 percent of GDP for middle-income countries.

What are migrant remittances?

Dilip Ratha WHEN MIGRANTS send home part of their earnings in the form of either cash or goods to support their families, these transfers are known as workers’ or migrant remittances. They have been growing rapidly in the past few years and now represent the largest source of foreign income for many developing economies.