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Remittance
A remittance is a non-commercial transfer of money by a foreign worker, a member of a diaspora community, or a citizen with familial ties abroad, for household income in their home country or homeland. Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countries. Workers' remittances are a significant part of international capital flows, especially with regard to labor-exporting countries. According to the World Bank, in 2018 overall global remittance grew 10% to US$689 billion, including US$528 billion to developing countries. Overall global remittance is expected to grow 3.7% to US$715 billion in 2019, including US$549 billion to developing nations.
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Remittance Advert Oxford Street London 20060909
A remittance is a non-commercial transfer of money by a foreign worker, a member of a diaspora community, or a citizen with familial ties abroad, for household income in their home country or homeland. Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countries. Workers' remittances are a significant part of international capital flows, especially with regard to labor-exporting countries. According to the World Bank, in 2018 overall global remittance grew 10% to US$689 billion, including US$528 billion to developing countries. Overall global remittance is expected to grow 3.7% to US$715 billion in 2019, including US$549 billion to developing nations.
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Migrant Worker
A migrant worker is a person who Human migration, migrates within a home country or outside it to pursue work. Migrant workers usually do not have the intention to stay permanently in the country or region in which they work. Migrant workers who work outside their home country are also called foreign workers. They may also be called expatriates or guest workers, especially when they have been sent for or invited to work in the host country before leaving the home country. The International Labour Organization estimated in 2019 that there were 169 million international migrants worldwide. Some countries have millions of migrant workers. Some migrant workers are undocumented immigrants or slaves. Worldwide An estimated 14 million foreign workers live in the United States, which draws most of its immigrants from Mexico, including 4 or 5 million illegal aliens, undocumented workers. It is estimated that around 5 million foreign workers live in Northwestern Europe, half-a-millio ...
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Migrant Worker
A migrant worker is a person who Human migration, migrates within a home country or outside it to pursue work. Migrant workers usually do not have the intention to stay permanently in the country or region in which they work. Migrant workers who work outside their home country are also called foreign workers. They may also be called expatriates or guest workers, especially when they have been sent for or invited to work in the host country before leaving the home country. The International Labour Organization estimated in 2019 that there were 169 million international migrants worldwide. Some countries have millions of migrant workers. Some migrant workers are undocumented immigrants or slaves. Worldwide An estimated 14 million foreign workers live in the United States, which draws most of its immigrants from Mexico, including 4 or 5 million illegal aliens, undocumented workers. It is estimated that around 5 million foreign workers live in Northwestern Europe, half-a-millio ...
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Tajikistan
Tajikistan (, ; tg, Тоҷикистон, Tojikiston; russian: Таджикистан, Tadzhikistan), officially the Republic of Tajikistan ( tg, Ҷумҳурии Тоҷикистон, Jumhurii Tojikiston), is a landlocked country in Central Asia. It has an area of and an estimated population of 9,749,625 people. Its capital and largest city is Dushanbe. It is bordered by Afghanistan to the south, Uzbekistan to the west, Kyrgyzstan to the north, and China to the east. It is separated narrowly from Pakistan by Afghanistan's Wakhan Corridor. The traditional homelands of the Tajiks include present-day Tajikistan as well as parts of Afghanistan and Uzbekistan. The territory that now constitutes Tajikistan was previously home to several ancient cultures, including the city of Sarazm of the Neolithic and the Bronze Age and was later home to kingdoms ruled by people of different faiths and cultures, including the Oxus civilization, Andronovo culture, Buddhism, Nestorian Ch ...
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Non-resident Indian And Person Of Indian Origin
Overseas Indians (International Alphabet of Sanskrit Transliteration, IAST: ), officially Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) are Indian people, Indians who live outside of the Republic of India. According to the Government of India, ''Non-Resident Indians'' are citizens of India who are not living in the country, while the term ''People of Indian Origin'' are people of Indian birth or ancestry who are not citizens of India, but are citizens of other nations and may additionally have Overseas Citizenship of India (OCI), with those having the OCI status known as ''Overseas Citizens of India''. According to a Ministry of External Affairs (India), Ministry of External Affairs report, there are 32 million NRIs and OCIs residing outside India and overseas Indians comprise the world's largest overseas diaspora. Every year 2.5 million (25 lakhs) Indians migrate overseas, which is the highest annual number of migrants in the world.
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Economy Of India
The economy of India has transitioned from a mixed planned economy to a mixed middle-income developing social market economy with notable state participation in strategic sectors. * * * * It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP). According to the International Monetary Fund (IMF), on a per capita income basis, India ranked 142nd by GDP (nominal) and 125th by GDP (PPP). From independence in 1947 until 1991, successive governments followed Soviet style planned economy and promoted protectionist economic policies, with extensive state intervention and economic regulation. This is characterised as dirigism, in the form of the License Raj. The end of the Cold War and an acute balance of payments crisis in 1991 led to the adoption of a broad economic liberalisation in India. Since the start of the 21st century, annual average GDP growth has been 6% to 7%, and from 2013 to 2018, India was the world's f ...
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Moldova
Moldova ( , ; ), officially the Republic of Moldova ( ro, Republica Moldova), is a Landlocked country, landlocked country in Eastern Europe. It is bordered by Romania to the west and Ukraine to the north, east, and south. The List of states with limited recognition, unrecognised state of Transnistria lies across the Dniester river on the country's eastern border with Ukraine. Moldova's Capital city, capital and largest city is Chișinău. Most of Moldovan territory was a part of the Principality of Moldavia from the 14th century until 1812, when it was Treaty of Bucharest (1812), ceded to the Russian Empire by the Ottoman Empire (to which Moldavia was a Vassal state of the Ottoman Empire, vassal state) and became known as Bessarabia. In 1856, southern Bessarabia was returned to Moldavia, which three years later united with Wallachia to form United Principalities, Romania, but Russian rule was restored over the whole of the region in 1878. During the 1917 Russian Revolution, B ...
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Nepal
Nepal (; ne, नेपाल ), formerly the Federal Democratic Republic of Nepal ( ne, सङ्घीय लोकतान्त्रिक गणतन्त्र नेपाल ), is a landlocked country in South Asia. It is mainly situated in the Himalayas, but also includes parts of the Indo-Gangetic Plain, bordering the Tibet Autonomous Region of China to the north, and India in the south, east, and west, while it is narrowly separated from Bangladesh by the Siliguri Corridor, and from Bhutan by the Indian state of Sikkim. Nepal has a diverse geography, including fertile plains, subalpine forested hills, and eight of the world's ten tallest mountains, including Mount Everest, the highest point on Earth. Nepal is a multi-ethnic, multi-lingual, multi-religious and multi-cultural state, with Nepali as the official language. Kathmandu is the nation's capital and the largest city. The name "Nepal" is first recorded in texts from the Vedic period of the India ...
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Diaspora
A diaspora ( ) is a population that is scattered across regions which are separate from its geographic place of origin. Historically, the word was used first in reference to the dispersion of Greeks in the Hellenic world, and later Jews after the Babylonian exile. The word "diaspora" is used today in reference to people who identify with a specific geographic location, but currently reside elsewhere. Examples of notably large diasporic populations are the Assyrian–Chaldean–Syriac diaspora, which originated during and after the early Arab-Muslim conquests and continued to grow in the aftermath of the Assyrian genocide; the southern Chinese and Indians who left their homelands during the 19th and 20th centuries; the Irish diaspora that came into existence both during and after the Great Famine; the Scottish diaspora that developed on a large scale after the Highland Clearances and Lowland Clearances; the nomadic Romani population from the Indian subcontinent; the Ita ...
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Kyrgyzstan
Kyrgyzstan,, pronounced or the Kyrgyz Republic, is a landlocked country in Central Asia. Kyrgyzstan is bordered by Kazakhstan to the north, Uzbekistan to the west, Tajikistan to the south, and the People's Republic of China to the east. Its capital and largest city is Bishkek. Ethnic Kyrgyz make up the majority of the country's seven million people, followed by significant minorities of Uzbeks and Russians. The Kyrgyz language is closely related to other Turkic languages. Kyrgyzstan's history spans a variety of cultures and empires. Although geographically isolated by its highly mountainous terrain, Kyrgyzstan has been at the crossroads of several great civilizations as part of the Silk Road along with other commercial routes. Inhabited by a succession of tribes and clans, Kyrgyzstan has periodically fallen under larger domination. Turkic nomads, who trace their ancestry to many Turkic states. It was first established as the Yenisei Kyrgyz Khaganate later in the ...
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International Aid
In international relations, aid (also known as international aid, overseas aid, foreign aid, economic aid or foreign assistance) is – from the perspective of governments – a voluntary transfer of resources from one country to another. Aid may serve one or more functions: it may be given as a signal of diplomatic approval, or to strengthen a military ally, to reward a government for behavior desired by the donor, to extend the donor's cultural influence, to provide infrastructure needed by the donor for resource extraction from the recipient country, or to gain other kinds of commercial access. Countries may provide aid for further diplomatic reasons. Humanitarian and altruistic purposes are often reasons for foreign assistance. Aid may be given by individuals, private organizations, or governments. Standards delimiting exactly the types of transfers considered "aid" vary from country to country. For example, the United States government discontinued the reporting of mi ...
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Lesotho
Lesotho ( ), officially the Kingdom of Lesotho, is a country landlocked country, landlocked as an Enclave and exclave, enclave in South Africa. It is situated in the Maloti Mountains and contains the Thabana Ntlenyana, highest mountains in Southern Africa. It has an area of over and has a population of about million. It was previously the British Crown colony of Basutoland, which declared independence from the United Kingdom on 4 October 1966. It is a fully sovereign state and is a member of the United Nations, the Commonwealth of Nations, the African Union, and the Southern African Development Community. The name ''Lesotho'' roughly translates to "land of the Sotho". History Basutoland Basutoland emerged as a single body politic, polity under King Moshoeshoe I in 1822. Moshoeshoe, a son of Mokhachane, a minor tribal chief, chief of the Bakoteli lineage, formed his own clan and became a chief around 1804. Between 1820 and 1823, he and his followers settled at the Buth ...
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