Tag: Indian

How Indian Expats Mint Money For Home Country

How Indian Expats Mint Money For Home Country

Lifestyle
Remittances to the Middle East and North Africa grew 9.3 per cent to $53 billion in 2017. India retained its position as the world's top remittance recipient as global remittances rebounded 7 per cent to $613 billion in 2017, from $573 billion in 2016, driven by higher oil prices and a strengthening of the euro and rouble, World Bank said on Monday. Remittance inflows improved in all regions and the top remittance recipients were India with $69 billion, followed by China ($64 billion), the Philippines ($33 billion), Mexico ($31 billion), Nigeria ($22 billion) and Egypt ($20 billion), the Bank said in its latest "Migration and Development Brief." In 2018, remittances are expected to continue to increase by 4.1 per cent to reach $485 billion. Global remittances are expected to grow ...
Is This The Best Time For Indian Expats To Remit Money Home?

Is This The Best Time For Indian Expats To Remit Money Home?

Lifestyle
This is the lowest closing level of the rupee since March 10, 2017. The rupee crashed below the key 66 level to settle at a 13-month low of 66.12 against the US currency, hit by a resurgent dollar, firming crude prices and a more hawkish tone of the Reserve Bank. Extending its slide for a fifth day, the domestic currency took a hit of 32 paise to close at more than one-year low as the RBI's surprised hawkish tone kept overall sentiment bearish. This is the lowest closing level of the rupee since March 10, 2017, when it had settled at 66.60 against the US dollar. "Indian rupee fell for a fifth session as RBI minutes revealed that RBI's tone is more hawkish than what markets had previously gauged. FII selling and firm oil adds to pressure on rupee, while US dollar is also not exp...
Indian, Filipino Applicants Top Permanent Status Beneficiaries of Canadian Express Entry in 2015

Indian, Filipino Applicants Top Permanent Status Beneficiaries of Canadian Express Entry in 2015

Canada
Skilled Filipinos were among the top beneficiaries who gained permanent status in Canada through the country’s Express Entry program according to an annual update by the Immigration, Refugees and Immigration Canada (IRIC). Only applicants from India were ahead of the Filipinos in 2015 who received invitation to settle in Canada through the program for economic immigrants. Express Entry program utilizes the comprehnsive ranking system (CRS) which assigns score of an applicant based on his or her age, educational qualification, language proficiency and work experience. The program, launched in 2015, is aimed at recruiting foreign skilled workers worldwide and giving them opportunity to become permanent settlers in Canada. A total of 31,000 invitations were issued by IRIC to appl
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