remittances

Remittances to India rose to $66.13 bn in 2011-12


September 7th, 2012 - 9:34 pm ICT by IANS
New Delhi, Sep 7 (IANS) Remittances to India surged to $66.13 billion in 2011-12 as compared to $55.62 billion in the previous year, Minister of Overseas Indian Affairs Vayalar Ravi ... Read more...

Posted in Business |

Consumption in rural India growing faster than urban areas: CRISIL


August 29th, 2012 - 9:15 pm ICT by IANS
Mumbai, Aug 29 (IANS) For the first time since economic reforms began two decades ago, consumption in rural India is growing faster than in urban areas, a survey by ratings ... Read more...

Posted in Business |

Mexico’s tourism activity grows


August 15th, 2012 - 11:42 am ICT by IANS
Mexico City, Aug 15 (IANS/EFE) Mexico's tourism activity grew 3.9 percent in the first quarter of this year, compared to the same period in 2011, thanks to strong demand for ... Read more...

Posted in Business |

Ban on Nepal women migrants denounced


August 14th, 2012 - 3:51 pm ICT by IANS
New York, Aug 14 (IANS) The Nepali government should revoke its new ban on women under the age of 30 from working in Gulf countries, Human Rights Watch said Tuesday.Instead, ... Read more...

Posted in South Asia |

Mexican remittances go up


August 2nd, 2012 - 1:05 pm ICT by IANS
Mexico City, Aug 2 (IANS/EFE) Mexicans living and working abroad sent home $11.85 billion in the first six months of the year, an increase of 6.2 percent from the same ... Read more...

Posted in Business |

Remittances to Honduras increases


July 17th, 2012 - 11:45 am ICT by IANS
Tegucigalpa, July 17 (IANS/EFE) Family remittances sent home by Hondurans living abroad totalled $1.45 billion in the first half of this year, 2.2 percent more than during the same period ... Read more...

Posted in Business |

Bangladesh’s current account surplus rises


July 9th, 2012 - 1:56 pm ICT by IANS
Dhaka, July 9 (IANS) Bangladesh's current account balance recorded a surplus of $754 million in July-May period of the 2011-12 fiscal ended last month, a central bank official said.Quoting Bangladesh ... Read more...

Posted in Business |

Mexican remittances rise


July 3rd, 2012 - 12:05 pm ICT by IANS
Mexico City, July 3 (IANS/EFE) Remittances from Mexicans living abroad climbed 7.8 percent in May compared with the same month in 2011, the central bank has said.Last month's total was ... Read more...

Posted in Business |

Be responsive to expat’s needs, Krishna tells Indian missions


June 27th, 2012 - 3:27 pm ICT by IANS
New Delhi, June 27 (IANS) Ahead of his outreach visit to Central Asia in the first week of July, External Affairs Minister S.M. Krishna Wednesday said he had asked ... Read more...

Posted in Uncategorized |

US-India remittance partnership formed


June 19th, 2012 - 2:39 pm ICT by IANS
Washington, June 19 (IANS) A leading US financial services firm, Wells Fargo & Company, has joined hands with India's HDFC Bank to start a US-India remittance service. Under an agreement ... Read more...

Posted in Business |

No impact of rupee slide on banks: SBI chief


May 28th, 2012 - 9:59 pm ICT by IANS
Bangalore, May 28 (IANS) The rupee's slide against the dollar had no impact on Indian banking operations though profitability of importers would be affected, State Bank of India (SBI) ... Read more...

Posted in Business |

Kerala readies for next round of migration study


May 25th, 2012 - 3:13 pm ICT by IANS
Thiruvananthapuram, May 25 (IANS) The Centre for Development Studies here has started the ground work for the seventh round of the comprehensive study on international and internal emigration from the ... Read more...

Posted in Uncategorized |

Airtel, Axis Bank join hands for mobile banking


May 16th, 2012 - 9:56 pm ICT by IANS
New Delhi, May 16 (IANS) Telecom company Bharti Airtel Wednesday said its subsidiary, Airtel mCommerce Services, and Axis Bank have partnered to offer banking and payment services, especially to India's ... Read more...

Posted in Sci-Tech |

Ask NRIs to increase remittances: Assocham


May 13th, 2012 - 5:23 pm ICT by IANS
New Delhi, May 13 (IANS) Increasing internal demand and motivating expatriates to send home more remittances may solve the Indian economy's problems due to a depreciating rupee, an industry ... Read more...

Posted in Business |

Remittances to Latin America rebound


May 8th, 2012 - 11:47 am ICT by IANS
Washington, May 8 (IANS/EFE) Remittances of emigrants from Latin America and the Caribbean increased last year beyond their levels before the financial crisis to $69.29 billion, according to an Inter-American ... Read more...

Posted in Business |

Remittances to Mexico rise


May 3rd, 2012 - 11:55 am ICT by IANS
Mexico City, May 3 (IANS/EFE) Remittances from Mexicans living abroad climbed 5.3 percent in the first quarter compared with the same period in 2011, Mexico's central bank said Wednesday.Expats sent ... Read more...

Posted in Business |

Remittances to India rose to $64 billion in 2011: World Bank


April 27th, 2012 - 8:42 pm ICT by IANS
New Delhi, April 27 (IANS) India remains the top recipient of money from diaspora as total remittance flow to the country is estimated to reach $64 billion in 2011, almost ... Read more...

Posted in Uncategorized |

RBI not to interfere in bank service charges


April 26th, 2012 - 7:52 pm ICT by IANS
Hyderabad, April 26 (IANS) The Reserve Bank of India (RBI) will not stop banks from collecting charges for various services or insist on a minimum balance, as it is the ... Read more...

Posted in Business |

Sri Lankan tea production drops


April 25th, 2012 - 4:19 pm ICT by IANS
Colombo, April 25 (IANS) Sri Lanka's tea production fell 22.6 percent in March compared with the same period of 2011, said the state-run Tea Board Wednesday, fueling fears that the ... Read more...

Posted in Business |

India, Qatar to hold talks: Oil, Taliban on agenda


April 4th, 2012 - 9:15 pm ICT by IANS
New Delhi, April 4 (IANS) India will seek to scale up its imports of oil and gas from Qatar when Emir Sheikh Hamad bin Khalifa al-Thani holds talks ... Read more...

Posted in Uncategorized |

Strong India, China growth reduces world poverty


April 3rd, 2012 - 12:40 pm ICT by IANS
Washington, April 3 (IANS) The percentage of people living in extreme poverty declined from 52 percent in 1981 to 22 percent in 2008 thanks to strong economic growth in the ... Read more...

Posted in Business |

Kerala doubles allowances for diaspora


March 28th, 2012 - 7:37 pm ICT by IANS
Thiruvananthapuram, March 28 (IANS) The Kerala government Wednesday doubled the financial assistance extended to the weaker and poorer sections of the state's diaspora, which includes assistance to bring back the ... Read more...

Posted in Business |

Salvadoran remittances rise


March 24th, 2012 - 12:48 pm ICT by IANS
San Salvador, March 24 (IANS/EFE) Remittances to El Salvador rose 10.1 percent in the first two months of this year compared with the same period in 2011, the nation's central ... Read more...

Posted in Business |

Some important facets of India-Qatar ties (To go with ‘Qatari emir to visit India’)


March 4th, 2012 - 5:37 pm ICT by IANS
New Delhi, March 4 (IANS) Here are some salient features of India-Qatar ties:- Indian professionals working there number over 500,000- Indians form the highest community, larger even than local population- ... Read more...

Posted in Business |

Brazil moves to contain rise of real


March 2nd, 2012 - 12:10 pm ICT by IANS
Brasilia, March 2 (IANS/EFE) The Brazilian government announced Thursday that it is expanding the reach of a 6 percent tax on loans from abroad as part of steps to ... Read more...

Posted in Business |

Half million Bangladeshis employed overseas in 2011


February 20th, 2012 - 12:41 pm ICT by IANS
Dhaka, Feb 20 (IANS) Over half a million Bangladeshis found overseas jobs in 2011 as the remittance-reliant country witnessed a boom in overseas employment after two dull years following the ... Read more...

Posted in Business |

Kerala eyes next Pravasi Bharatiya Diwas, 2017 U-17 football


February 15th, 2012 - 6:16 pm ICT by IANS
Thiruvananthapuram, Feb 15 (IANS) Kerala Wednesday expressed its desire to host two major events in the near future - the next edition of the global Indian diaspora conclave, and the ... Read more...

Posted in Sports |

Kerala diaspora can partner in development: Minister


February 14th, 2012 - 11:18 pm ICT by IANS
Thiruvananthapuram, Feb 14 (IANS) Kerala Finance Minister K.M. Mani Tuesday said successive state governments have failed to put to productive use the massive remittances sent in by over two million ... Read more...

Posted in Business |

Pakistan’s economy to grow at 4 percent: Minister


February 7th, 2012 - 12:40 pm ICT by IANS
Islamabad, Feb 7 (IANS) Pakistan's economy would grow at four percent during the current fiscal year (2011-12), Finance Minister Abdul Hafeez Shaikh has said."Despite challenges, the GDP growth would reach ... Read more...

Posted in Business |

Gilani arrives in Qatar Monday


February 6th, 2012 - 12:56 pm ICT by IANS
Islamabad, Feb 6 (IANS) Pakistan Prime Minister Yousuf Raza Gilani begins Monday a three-day official visit to Qatar, a country from which Pakistan wants to import gas to ... Read more...

Posted in Business |

Muslim migration up in Kerala, Christians lose (Lead)


January 13th, 2012 - 6:40 pm ICT by IANS
Thiruvananthapuram, Jan 13 (IANS) More and more Keralites are going abroad for jobs, and the highest migration increase is among Muslims.The number of migrants abroad in 2011 was estimated at ... Read more...

Posted in Uncategorized |

Migration from Kerala growing steadily, shows study


January 13th, 2012 - 4:26 pm ICT by IANS
Thiruvananthapuram, Jan 13 (IANS) There has been a slow but a steady migration from Kerala, and remittances from migrants form more than 60 per cent of the state's revenue, reveals ... Read more...

Posted in Uncategorized |

Diaspora remittances 31.23 per cent in Kerala: Study


January 12th, 2012 - 11:07 pm ICT by IANS
Thiruvananthapuram, Jan 12 (IANS) Remittances by the Kerala diaspora comprise 31.23 per cent of the net state domestic product of the southern state, a latest study has revealed.The number of ... Read more...

Posted in Uncategorized |

States woo diaspora for investment


January 9th, 2012 - 6:59 pm ICT by IANS
Jaipur, Jan 9 (IANS) Chief ministers of several states Monday urged overseas Indians to step up investment, assuring a business-friendly environment.Showcasing the development initiatives launched by their respective governments, ... Read more...

Posted in Business |

Africans replacing Indian workers in Gulf?


December 25th, 2011 - 5:13 pm ICT by IANS
New Delhi, Dec 25 (IANS) In a trend that may work adversely on remittances to India and the region, Gulf nations are now increasingly hiring Africans over Indians, Pakistanis, Bangladeshis ... Read more...

Posted in Business |

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