Indian Diaspora Current Affairs - 2019

Category Wise PDF Compilations available at This Link

40 Indian Origin Youth take part in 54th Know India Programme

40 Indian Origin youth have taken part in 54th Edition of Know India (KIP) Programme. This edition is scheduled from 1st August to 25th August, 2019. Punjab and Harayana are partner sates for this edition. These 40 participants are from 9 countries, namely Fiji (7), Trinidad & Tobago (7), Mauritius (7), Guyana (6), Suriname (5), Myanmar (3), South Africa (2), Israel (2) and Reunion Island (1) out of which 26 are female and 14 are male.

About Know India Programme (KIP)

It is important initiative of Union Government aimed to engage and make students and young professionals of India Diaspora in age group of 18-30 years. It was launched in 2004. It is 25-day orientation programme organized by Union Ministry of External Affairs (MEA) in partnership with one or two States including visit to States for 10 days. It seeks to give sense of connect to Indian origin youth with their motherland and motivate and inspire them by the transformation taking place in India.

Objective of KIP: (i) Give Indian origin youth exposure to various aspects of contemporary India’s forms of art, heritage and culture. (ii) Promote awareness on different facets of life in India and the progress made by country in various fields such as industry, education, science and technology, information & communication technology (ICT), climate and power and renewable energy etc.

Selection of Participants: They are selected on basis of nominations recommended by the Indian Missions or Posts abroad.

Implementation Status: Since 2004, MEA has conducted 53 editions of KIP with participation of 1821 Overseas Indian youth.

World Bank’s Migration and Development Brief

As per the report of the World Bank’s Migration and Development Brief, India has retained its position as the world’s top recipient of remittances (money sent back home by its nationals working abroad) in 2018.

World Bank Report on Remittances

  • Indian diaspora has sent $79 billion (approximately Rs 5.5 lakh crore) home.
  • The Remittances grew by more than 14% in India.
  • A flooding disaster in Kerala has likely boosted the financial help that migrants sent to families.
  • India received $ 62.7 billion remittances in 2016 and it was $65.3 billion in 2017.
  • India was followed by China ($67 billion), Mexico ($36 billion), the Philippines ($34 billion) and Egypt ($29 billion),
  • Remittances to low-and-middle-income countries rose 9.6% from 2017 and touched a record high of $529 billion in 2018.
  • Global remittances reached $689 billion in 2018, up from $633 billion in 2017.
  • Remittances to South Asia grew 12% to $131 billion in 2018.
  • The upsurge in remittances was driven by stronger economic conditions in the United States.
  • The pick-up in oil prices had a positive impact on outward remittances from some GCC [Gulf Cooperation Council] countries.
  • Excluding China, remittances to low and middle-income countries ($462 billion) were significantly larger than foreign direct investment flows in 2018 ($344 billion).

Gulf Cooperation Council

Gulf Cooperation Council is s a regional intergovernmental political and economic union consisting of all Arab states of the Persian Gulf except Iraq. Its member states are Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.