Bangla migration to India largest in developing world

September 13, 2013

Social_Affairs

London, Sep 13: The exodus from Bangladeshis into India has for the first time been termed by the United Nations as "the single largest bilateral stock of international migrants" in the eastern hemisphere and also in the developing world.

Data revealed on Thursday by the UN Department of Economic and Social Affairs (UN-DESA) shows that in 2013, India was home to 3.2 million Bangladeshi residents who had migrated into the country and settled there.

Not surprisingly, India was the favourite destination for Bangladeshi migrants in 2013, the report said.

For Indians, however, it was the Middle East that was the clear favourite for migration. Two countries in the Middle East were the main destinations - UAE, having 2.9 million Indian migrants, and Saudi Arabia which had 1.8 million.

However the biggest rise in the number of Indians migrating to a single country was to the US. In 2013, 2.1 million Indians were in the US, which was also home to 2.2 million foreign-born from China and 2 million from the Philippines.

The UN-DESA report said that since 2000, the number of international migrants born in China or India and living in the US had doubled, whereas the number of Mexican foreign-born had only risen by about 31%.

South Asians were the largest group of international migrants living outside their home region. Of the 36 million international migrants from south Asia, 13.5 million resided in the oil-producing countries of west Asia.

The report said more people were living abroad than ever before. In 2013, 232 million people, or 3.2% of the world's population, were international migrants, compared with 175 million in 2000 and 154 million in 1990. The developed countries were home to 136 million migrants, compared to 96 million in the developing countries.

Most international migrants were of working age (20 to 64 years) and accounted for 74% of the total. Globally, women accounted for 48% of all international migrants.

Asians and Latin Americans living outside their home regions formed the largest global diaspora groups. In 2013, Asians represented the largest group, accounting for about 19 million migrants living in Europe, some 16 million in north America and about 3 million in Oceania.

The report, released by UN-DESA's population division, said Europe and Asia combined hosted nearly two-thirds of all international migrants.

Europe remained the most popular destination region with 72 million international migrants in 2013, compared to 71 million in Asia.

Compared to other regions, Asia has seen the largest increase of international migrants since 2000, adding some 20 million migrants in 13 years.

John Wilmoth, director of the division, said, "This growth was mainly fuelled by the increasing demand for foreign labour in the oil-producing countries of western Asia and in south-eastern Asian countries with rapidly growing economies, such as Malaysia, Singapore and Thailand."

In 2013, half of all international migrants lived in 10 countries, with the US hosting the largest number (45.8 million), followed by the Russian Federation (11 million); Germany (9.8 million); Saudi Arabia (9.1 million); United Arab Emirates (7.8 million); United Kingdom (7.8 million); France (7.4 million); Canada (7.3 million); Australia (6.5 million); and Spain (6.5 million).

The US gained the largest absolute number of international migrants between 1990 and 2013 — nearly 23 million, equal to one million additional migrants per year. The United Arab Emirates recorded the second largest gain with seven million, followed by Spain with six million.

Mr Wilmoth said, "Most international migrants settle in developing countries but in recent years they have been settling in almost equal number in developed and developing regions."

The figures are released ahead of a high-level global summit on migration and development to be held by the General Assembly in New York on October 3 and 4.

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News Network
February 16,2020

Washington, Feb 16: India and the United States share "unshakeable" ties, said US Principal Deputy Assistant Secretary (PDAS), Alice Wells, on Sunday, adding that the upcoming visit of President Donald Trump will further strengthen the relationship between the two countries.

"The U.S. and #India enjoy a close partnership that grows stronger day by day. Together, we are breaking records. For example, we welcomed a record number of Indian exchange students to the US last year and hope to receive even more this year," said Bureau of South and Central Asian Affairs in a tweet attributed to Alice Wells.

"The ties between our countries are unshakeable, and we look forward to an even warmer relationship as @narendramodi hosts @POTUS later this month," it added.

Trump will pay a two-day state visit to India from February 24 at the invitation of Prime Minister Narendra Modi.

"India is at the heart of the Indo-Pacific region and plays an increasingly prominent role on the world's stage. The U.S. looks forward to partnering with #India at every step of the way, " Alice Wells further said.

According to the Ministry of External Affairs (MEA), Trump is expected to attend an event at the Motera Stadium in Ahmedabad on the lines of the ''Howdy Modi'' function that was addressed by the US President and PM Modi in Houston in September last year. Trump is slated to pay a two-day visit to India from February 24.

During the visit, Trump, who will be accompanied by First Lady Melania, will attend official engagements in New Delhi and Ahmedabad, and interact with a wide cross-section of the Indian society, the MEA said in a statement.

The announcement of Trump's first official visit to India was earlier made by the White House on Monday, which, in its statement, said that the US President and Modi had agreed during a recent phone conversation that the trip will "further strengthen the United States-India strategic partnership and highlight the strong and enduring bonds between the American and Indian people".

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News Network
April 19,2020

New Delhi, Apr 19: The government on Sunday prohibited the sale of non-essential items through e-commerce platforms during the ongoing lockdown, four days after allowing such companies to sale mobile phones, refrigerators and ready-made garments.

Union Home Secretary Ajay Bhalla issued an order excluding the non-essential items from sale by the e-commerce companies from the consolidated revised guidelines, which listed the exemption given to the services and people from the purview of the lockdown.

The order said the following clause "E-commerce companies. Vehicles used by e-commerce operators will be allowed to ply with necessary permissions" is excluded from the guidelines.

The previous order had said such items were allowed for sale through e-commerce platforms from April 20.

However, the reason for reversing the order is not known immediately.

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Agencies
June 22,2020

Mumbai, Jun 22: After downgrading India's outlook to negative from stable, Fitch Ratings on Monday revised the outlook on nine Indian banks to negative.

The outlook on the Long-Term Issuer Default Ratings (IDR) was revised to negative from stable due to the banks' high dependence on the Centre to re-capitalise them.

Accordingly, the IDR outlook of the Export-Import Bank of India, the State Bank of India, the Bank of Baroda, the Bank of Baroda (New Zealand), the Bank of India, the Canara Bank, the Punjab National Bank, ICICI Bank and Axis Bank Ltd have been downgraded to negative.

"At the same time, Fitch has affirmed IDBI Bank Limited's (IDBI) IDR while maintaining the outlook at negative," Fitch said in a statement.

The rating actions follow Fitch's revision of the outlook on the 'BBB-' rating on India to negative from stable on June 18, due to the impact of the escalating coronavirus pandemic on India's economy.

"The IDRs for all the above Indian banks are support-driven and anchored to their respective SRFs," the statement said.

"They are based on Fitch's assessment of high to moderate probability of extraordinary state support for these banks, which takes into account our assessment of the sovereign's ability and propensity to provide extraordinary support."

According to the statement, the negative outlook on India's sovereign rating reflects an increasing strain on the state's ability to provide extraordinary support, due to the sovereign's limited fiscal space and the significant deterioration in fiscal metrics due to challenges from the COVID-19 pandemic.

"The rating action does not affect the banks' Viability Rating (VR). EXIM does not have a VR as its role as a policy bank makes an assessment of its standalone credit profile less meaningful."

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