TNN Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Thursday, September 18, 2014 11:40:06 AM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

BD 5th remittance source of India

By
Published at: 28th-Feb-2014       Readers ( 3549 )   0 Comments
Comments
Share your thought
Post a comment »
Read all (0) »

DESPITE India's so-called regional superpower status and Bangladesh's tiny economic outlook, one may believe it or not but Bangladesh is now the fifth largest remittance earning source for India. A Bangalore based magazine has disclosed that expatriate Indians working in Bangladesh have successfully drained away US$ 3,716 million alone last year as half a million Indians are now working in Bangladesh; mostly in the readymade garment industry and in NGOs'. While most Indian media and politicians are continuously making the point that India is inundated by illegal migrants from Bangladesh, the report in Silicon India showed that the reverse is actually true . It tells us that it is not only the richer countries but Bangladesh also which is providing employment to the bulk of Indians and they are sending a overwhelming flow of remittance to their homes. The report mentioned about scores of illegal immigrants from the Indian states of West Bengal, Meghalaya, Assam, Tripura and Mizoram who have entered Bangladesh and joined the job market. The Indian central government's documents also confirmed the fact as per the news report.     As we see, the World Bank figure showed that India earned the highest value of remittances  in the world. It earns US$ 71 billion annually followed by China which earns $60 billion. It is indeed surprising that Bangladesh rests in the list of India's top remittance sources along with the world's top developed nations. According to descending order of earning, Bangladesh stands fifth among India's top remittance providers only next to UAE, USA, KSA and UK. Last year Bangladesh provided 5 percent of the total remittance earnings of India which had a eight times larger population and a 23 times larger landmass. Estimations suggest that the rising flow of remittance will only exponentially increase in the near future.   We know in an age of free trade and mobility of capital it is very natural that the two countries with a long shared border and economic potentials will reciprocally share their resources to develop the region. But, it does not take an economist to know that India only believes in one-way traffic and it wants to be at the receiving end. Apart from regular killings, rapes, intimidation and torture of unarmed people on the high rise barbed border, Bangladeshis' are clearly not getting similar treatment from India when it comes about job opportunities or duty free export access into the Indian market. India's exports to Bangladesh are now around $10 billion including remittances while our exports to India now stands at around $600 million. This is definitely not the win-win situation and can only be compared with a colonial trading system. The breaking of the news by the Indian magazine has come as an eye opener to the nation and we suggest that the government take a review of the situation to apprise the nation of the reality in the ground. We don't know about the employers and the internal police verification system. We don't know how Bangladesh Bank is monitoring transfer of money by Indian expatriates. Some politicians may compromise, but the nation must take hold of its affairs.

0 Comments. Share your thoughts also.
Write a comment
  1. 500,000 flee Mosul
  2. Tamaddun Majlish, a socio-cultural organization, honoured legendary journalist Tofazzal Hossain Manik Mia with the Mother Language Award (Posthumous) for his outstanding contribution in the field of journalism. Barrister Mainul Hosein receiving the award from former VC of Dhaka University Prof Emajuddin Ahmed at a function held at the Jatiya Press Club in the city on Friday.
  3. A France-Bangladesh Chamber of Commerce and Industry (CCIFB) team led by Tarek Elba, President of the Chamber met with Md Ghulam Hussain, Chairman of National Board of Revenue Tuesday to discuss and submit recommendations of CCIFB to be considered in the National Budget 2014-2015. Syed Mahmudul Haq, Chairman, Policy Advocacy Committee, M Maksud, Sr Vice President of Bangladesh-German Chamber of Commerce and Industry, Kazi Samiur Rahman, Vice President, Dr Rifat Rashid, Director and Charlotte Ibal, Consultant of the Chamber were present on the occasion.
  4. FIFA World Cup live on GTV, Maasranga TV, BTV
  5. Obama’s Syria policy giving rise to new Hitlers
  6. 48-hr hartal continues slackly on 2nd day
  7. BD 5th remittance source of India
  8. Eight killed, 150 injured
  9. B’Chy, others want fresh election
  10. Shooting of Momo-Milon’s ‘Prem Korbo Tomar Sathey’ begins
  11. Shokh-Emi together for first time
  12. Bijori-Dinar at ‘Aamar Ami’
  13. Agnila in 2 new TVCs, TV play
  14. Massacre at Pilkhana : A critical overview of the legal and inquiry process
  15. Prova-Shahed’s Last Seven Days
  16. Ukraine crisis: Pro-Russian attack in Ukraine's Horlivka
  17. Kh Mahbub, Selima, other BNP leaders held
  18. BNP declares CEC persona non grata in Chuadanga
  19. Canadian envoy meets Khaleda
  20. Pro-BNP teachers of DU demand fresh election

Inside The New Nation

Sports »

Kerber reaches quarterfinals at Pan Pacific Open


AP, Tokyo :Ana Ivanovic stalled Victoria Azarenka's comeback from a foot injury with a 6-3, 6-4 win to make the Pan Pacific Open quarterfinals on Wednesday.In the match between the former major champions and No. 1s, Azarenka committed seven of her nine double faults in the first set and her ...

Editorial »

Social protection for women


THE media is now full with stories of violation or harassment of the fair sex, mainly teen-agers on a regular basis. Girlhood is no longer secure in the once conservative society though the country is ruled by stateswomen. Girls are living under the threat of being violated or harassed at ...

Entertainment »

Mahi in London for Romeo vs Juliet shooting


Entertainment Report :Promising actress Mahiya Mahi, a well-known silver screen artiste, is now in London to co-star with Kolkata actor Ankush Hazra in the film Romeo vs Juliet.Produced by Himangshu Dhanuka and directed by Ashok Pati, shooting of the film started in London on Wednesday.Mahi will return after shooting ends ...

City »

Distinguished guests including journalist Ruhul Amin Gazi at a discussion on 'Freedom of mass media and Diganta Television: 500 days of temporary ban' organized by Diganta Television family at Dhaka Reporters Unity on Wednesday.


International »

Obama unveils $500m plan to beat Ebola


BBC Online :US President Barack Obama has said the US is prepared to take leadership in tackling Ebola, warning that the epidemic in West Africa is "spiralling out of control".Obama urged a global expanded effort to fight the deadly disease, as he unveiled a new $500m US initiative that will ...

Editorial »

Police must not be like colonial police and kill


MOGHBAZAR triple murder accused Shah Alam, alias Kailla Babu, was shot to death in Dhaka on Monday. While police claimed Babu was killed in a "gunfight between his cohorts and DB police", his wife said, "A group of people identifying themselves as detectives picked him up around 10:00pm Sunday from ...

Sports »

Daniela Hantuchova of Slovakia returns a shot to Jarmila Gajdosova of Australia during their first round match of the Japan Pan Pacific Open tennis tournament in Tokyo on Tuesday.


City »

Bangladesh Sammilito Peshajibi Parishad formed a human chain in front of the National Press Club on Tuesday in protest against attack on educationist Prof Dr Mahbub Ullah.


Entertainment »

‘Sigaram Thodu’ - scales new heights


Dhanush's "Vella Illa Pattathari" was perhaps the last best commercially entertaining film in Tamil, and now Now, Gaurav's "Sigaram Thodu", which has its share of flaws, still deserves to be counted as the next best commercial entertainer. Filmmakers, who want to learn the art of making films for the masses, ...

International »

Suicide bomber kills three NATO troops in Kabul


Reuters, Kabul : A suicide car bomber killed at least three foreign troops in an attack on a convoy near the US embassy in Kabul on Tuesday, the NATO-led coalition said, one of the worst attacks on international forces in the Afghan capital in months.The attack near the heavily fortified ...

Editorial »

It is madness to kill aid workers and journalists


BRITISH aid worker David Haines has been executed by ISIS militants, according to a video posted Saturday to a website associated with the group, making him the third Western captive to be killed by the Islamist extremist group in recent weeks. The ISIS video post showing Haines' beheading called his ...

International »

Imran booked for forcing cops to release his party men


PTI, Islamabad :Opposition leader and Pakistan Tehrik-e-Insaaf chief Imran Khan has been booked for forcing police to release his party workers arrested in violation of section 144 here, officials said on Monday."We have registered a case against him in Bani Gala police station for interfering in police work and forcibly ...

Sports »

Swiss teen Bencic upsets Kuznetsova in Tokyo


Rising Swiss star Belinda Bencic upset two-time Grand Slam champion Svetlana Kuznetsova 6-3, 6-0 in the first round of the Pan Pacific Open in Tokyo Monday, maintaining recent impressive form.The wildcard broke the Russian veteran's serve twice in the first set and three times in the second to win the ...

City »

Bikalpadhara Bangladesh President Prof Dr AQM Badruddoza Chowdhury speaking at a rally organized by Shato Nagorik Jatiya Committee at the National Press Club on Monday in protest against attack on educationist Prof Dr Mahbub Ullah.


Entertainment »

Mollie King feels insecure in bikinis


Singer Mollie King, who is dating American music producer Jordan Omley, says that she doesn't like showing off her stomach.The Saturdays star confessed that despite her slender frame, she doesn't feel confident in swimwear, reports femalefirst.co.uk."There are parts of my body where I think 'Oh god, I could do with ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news