Indian Diaspora Current Affairs - 2019

Category Wise PDF Compilations available at This Link

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.

Month: Categories: Business, Economy & BankingUPSC

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Pravasi Teerth Darshan Yojana

Prime Minister Narendra Modi launched the Pravasi Teerth Darshan Yojana. The features of the Pravasi Teerth Darshan Yojana are:

  • Under the scheme, a group of Indian diaspora will be taken on a government-sponsored tour of religious places in India twice a year.
  • The first batch of 40 people participated in the Pravasi Bharatiya Divas 2019 held in Varanasi.
  • Those selected would be taken to religious places of all major religions in India.
  • The government will bear all the expenses including the airfare from their country of residence.
  • People of Indian-origin aged 45 to 65 can apply can avail the benefits under the scheme.
  • The Scheme accords first preference to people from Girmitiya countries such as Mauritius, Fiji, Suriname, Guyana, Trinidad and Tobago, and Jamaica.

Girmitiya countries

Girmitiya’s are the descendants of indentured Indian labourers brought to Fiji, Mauritius, South Africa, East Africa, the Malay Peninsula, Caribbean and South America (Trinidad and Tobago, Guyana and Suriname) to work on sugarcane plantations for the prosperity of the European settlers.

The term Girmitiya was coined by the father of the nation, Mahatma Gandhi who referred to himself as first Girmitiya. The countries where these indentured Indian labourers settled are known as Girmitiya countries.

Month: Categories: Government Schemes & Projects

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