Migration of Indians to Gulf countries including Saudi, UAE drops 62% over 5 years

coastaldigest.com web desk

January 12, 2019

Newsroom, Jan 12: The number of Indian workers emigrating to Saudi Arabia, UAE and other Gulf countries has declined sharply in last few years thanks to the economic slowdown in the Middle East triggered by weak oil prices.

According to the Ministry of External Affairs of Indian government, emigration clearances granted to Indians headed to the Gulf for employment have dropped by 21%, standing at 2.95 lakh during the 11-month period ended November 30, 2018, as compared to 2017.

The five-year outflow of Indian workers to Gulf peaked in 2014 at 7.76 lakh. Compared to that figure, the decline in 2018 is as high as 62%. These statistics are drawn from the e-Migrate emigration clearance data, which captures emigration clearances issued to workers holding ECR (emigration check required) passports.

As of the middle of 2015, Indians made up one-third of the migrants to the six oil-rich Arab countries – the UAE, Saudi Arabia, Bahrain, Kuwait, Oman and Qatar – and accounted for 15% of the GCC (Gulf Cooperation Council) countries' entire population, according to data from the United Nations Population Division's 'International Migrant Stock 2015'.

During 2018, the largest outflow was to UAE, comprising 1.03 lakh (or 35%) of the total workers granted emigration clearances. This was followed by Saudi Arabia and Kuwait with 65,000 and 52,000 workers headed to these countries.

In 2017, Saudi Arabia had relinquished its position as the most attractive destination among Gulf countries for Indian workers. In 2014, nearly 3.30 lakh workers had migrated to Saudi Arabia-over a five-year period the decline has been a sharp 80%.

According to a reply given by the Ministry of External Affairs (MEA) in the Lok Sabha, last December, there are several reasons for the decrease in numbers. "Prominent among them is that the Gulf countries are passing through a period of economic slowdown primarily because of the slump in oil prices. Coupled with this, the Gulf countries are aiming at filling up maximum posts both in public and private sector with their own nationals."

Comments

he world is suffering economically due to bad leaders and their phylosophy about other religion. Due to unwanted wars and its expenses, Today entire world and people sufeering due to their failue in handling countries. Population increasing and the requirements also should increase but why economy is going down? We cannot find leaders like Mr. Manmohan singh in entire life. No politicians bothered about others personal problems. All are selfish people and using vote bank to lure the citizen. No smile on anyones face now due to bad economy and price hike. Peace in life went away.

There are many jobs in India. We are hesitate to do jobs in India. We think about status, position. But if he/she goes to arab countries, will do all kind of job

Feku doesnt bothered about Indians job. He's promoting pakoda and tea selling. If Arab countries also ignoring Indians means there is something to worry

They given salary but still people from India made Arab countries bigger. Thier efforts made them developed

Arab countries started ignoring Indian workers.

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PE firms, IT Dept get clean chit in CCD founder Siddhartha's suicide case

Agencies

July 25,2020

New Delhi, Jul 25: Nearly a year after Cafe Coffee Day founder V.G. Siddhartha's death, the probe committee appointed by the Board of Coffee Day Enterprises Ltd (CDEL) has given a virtual clean chit to private equity investors and the Income Tax Department who were named in his last letter.
The investigation report noted that Siddhartha may have felt "aversive behavioural stimulus" due to persistent reminders from the PE investors and other lenders.

"However, such reminders and follow-ups by the PE investors and lenders are not something which are beyond normal industry practices and we believe that PE investors were acting as per accepted legal and business norms," said that report.

It further said that the investigators were not provided with any documentary evidence to show any "advertent or inadvertent harassment" from the Income Tax Department.

It however, said that the financial records suggest a serious liquidity crunch which may have arisen due to the attachment of Mindtree shares by the IT Department.

Further, the probe revealed that MACEL, a private firm of Siddhartha, owes Rs 2,693 crore to Coffee Day Enterprises, which the report says, "needs to be addressed".

The Cafe Coffee Day founder's body was fished out of the Netravathi river in Karnataka by a group of fishermen on July 31 last year, a day after he went missing.

His last note raised several questions about the role of investors, and tax officials.

He had written: "Tremendous pressure from other lenders lead to me succumbing to the situation. There was a lot of harassment from the previous DG Income Tax in the form of attaching our shares on two separate occasions to block our Mindtree deal and then taking possession of our Coffee Day shares, although the revised returns have been filed by us. This was very unfair and has led to a serious liquidity crunch."

The massive shock to the industry and the country also led the government to assure that tax officials would not harass businessmen and the situation would improve.

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BSY will ensure India is 3rd largest economy: Rajnath Singh

News Network

February 28,2020

Bengaluru, Feb 28: BS Yediyurappa’s contribution to the economy is substantial, and he is one CM who has contributed largely to making India the fifth largest economy, said Defence Minister Rajnath Singh on Thursday.

“He will ensure that Karnataka contributes towards making India the third-largest economy in the coming days,” Singh said, who had flown from New Delhi to participate in the CM’s birthday celebrations.

Singh recalled Yediyurappa asking him how to increase welfare measures for farmers, and had suggested that the CM reduce interest rates on loans to help the community. “Yediyurappa took the suggestion seriously and reduced interest of loans to a mere 4 % and gradually reduced it to 1 % before coming down to zero,” Singh said, appreciating Yediyurappa’s love for farmers.

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Mangaluru | 3-year-old child crushed to death under speeding car

coastaldigest.com news network

June 29,2020

Mangaluru, Jun 29: A three year old child lost its life after being hit by a car at Nadupadavu village under the limits of Konaje police station on the outskirts of the city today.

The victim has been identified as Faheema (3), daughter of Farooq, a resident of Nadupadavu.

The mishap occurred when the girl ran towards the road when the car was entering a main road from an inner road.

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