Gulf Countries Current Affairs - 2020
Every year, the International Day of Family Remittances is observed on June 16 by the United Nations. The day is observed all over the world. This year the day is celebrated under the theme
Theme: Remittances are a lifeline
The day is celebrated to recognize the efforts of migrants living abroad and help improve the lives of their family members in their home countries.
The first International Day of Family Remittances was celebrated in 2015. The day encourages the public sector and private sector countries to make policies for the betterment of migrants and encourage remittances.
What is Remittance?
The transfer of money by a foreign worker to his or her family in their home country is called remittance. It is highly important as it is one of the largest financial inflows for the developing countries
Remittances of India
According to the World Bank, the remittances of India are expected to fall by 23% in 2020 due to COVID-19 crisis. The remittances of India were 83 billion USD in 2019. Around 17.5 million Indians are living abroad. Majority of them are in the gulf region, US, Western Europe and Canada.
The World Bank has projected that the global remittances for the year 2020 is to reduce to around 20% due to COVID-19 crisis. According to World Bank, the remittances are to fall to 445 billion USD this year as compared to 554 billion USD in 2019.
Tags: Foreign funds • Gulf Countries • Indian Diaspora • International Day of Family Remittances • NRI deposits
According to a notice issued by Nepalese Embassy in New Delhi, Nepalese nationals is required to have visa if they are entering India from Pakistan, China, Hong Kong and Macau. As per the Nepal foreign ministry, there are 4 million Nepalese working and studying in India.
The Nepalese Embassy also notified that a citizen of Nepal who wants to pass immigration clearance of India while travelling to Gulf countries such as Saudi Arabia, Qatar, Lebanon, Oman, Kuwait and Bahrain are required to acquire No Objection Certificate (NOC) from respective Nepalese Embassies situated in those countries.
To get NOC, a traveler must have to submit an application to respective embassy along with relevant documents, including ticket and visa of the destination country, employment permit.
Reason: An open boarder allows Nepalese nationals an easy path to enter India and some of whom subsequently travel to Gulf countries for work. Thus, the decision that a Nepalese citizens now mandatory require NOC to enter Gulf countries via India, is taken amid raising security concerns. However in past, no separate permit was required to travel any country through Indian immigration clearance.
As per existing rule, a citizen of Nepal entering India by land/air directly from Nepal does not require a passport/Visa, but is required to possess an identity card that establishes his/her identity as a Nepalese national. However, for security reasons a citizen of Nepal is generally asked for Passport when entering India from a place other than Nepal.
The ID documents which are considered valid for verifying individual’s identity includes Nepalese Passport, Nepalese Citizenship Certificate, Voter’s ID Card issued by Election Commission of Nepal and Limited Validity photo-identity certificate issued by Nepalese Embassy in India when deemed necessary.
For children between 10-18 years of age, who are travelling with their parents, photo ID issued by Principal of their School, are considered as valid travel documents.