Bangladesh worries about falling remittances

[UKBengali]

Read the post above.

The flows from Pakistan to India are to pay for the goods (through Hundi) smuggled into Pakistan from India, often through Karachi cartels (via UAE)...called as hundi remittances. It has been documented on this forum itself.

When the economist magazine EXPOSED this quite openly in BD case regarding countries like China (accounting as 1 dollar when its 10 dollar transaction and paying the difference through hundi), its not supposed to exist between India and Pakistan?

But basically BD does much more legal trade with India, thus the massive trade deficit exists officially above the ground. Only 100 million or so is "remitted" from BD to India (by Indian expats etc) unlike the 5 billion USD that BD illegals in India remit back to India:

http://www.pewglobal.org/interactives/remittance-map/

So who are the parasites established by the neutral 3rd party?

And all these years we have had Indians like you bragging that BD needs very well paid Indian managers in their many thousands to run the country.

This report is complete nonsense as the same organisation said that India received over 4 billion US dollars from BD in 2012.

 

[Nilgiri]

And all these years we have had Indians like you bragging that BD needs very well paid Indian managers in their many thousands to run the country.

100 million "remitted" by a few expats is still a lot per person. 10,000 people remitting on average 10,000 USD comes to 100 million. Who knows what the exact demand/supply portfolio is of expat managers in BD is.

This report is complete nonsense as the same organisation said that India received over 4 billion US dollars from BD in 2012.

Who? The economist? Let's see the article then about this 4 billion dollars from an Economist article/report.

In the mean time enjoy their words:

The abrupt cancellation last November by the Indian government of most banknotes by value was one factor: monthly inflows crashed, as the millions of Bangladeshis working in India were strapped for cash.

Not even just a million, but "millions". Guess they are referring to the official UN estimate of 3 million illegal BD workers.

 

[UKBengali]

Who? The economist? Let's see the article then about this 4 billion dollars from an Economist article/report.

In the mean time enjoy their words:

The abrupt cancellation last November by the Indian government of most banknotes by value was one factor: monthly inflows crashed, as the millions of Bangladeshis working in India were strapped for cash.

Not even just a million, but "millions". Guess they are referring to the official UN estimate of 3 million illegal BD workers.

I have been reading the economist since the 1990s.

There was article an article in the mid-1990s that predicted that Chinese economy will decelerate to a more "sustainable" 5% a year average in the 2000s. In actual fact China grew 10% sustained that decade and even now is growing 6-7% a year.

I think the Economist numbnuts picked up that random figure from some other source, however unreliable it may be.

Modi has been in power for over 3 years now, when will we see the mass expulsion of these "illegal" BD'shis then?

 

[Nilgiri]

I have been reading the economist since the 1990s.

There was article an article in the mid-1990s that predicted that Chinese economy will decelerate to a more "sustainable" 5% a year average in the 2000s. In actual fact China grew 10% sustained that decade and even now is growing 6-7% a year.

I think the Economist numbnuts picked up that random figure from some other source, however unreliable it may be.

Modi has been in power for over 3 years now, when will we see the mass expulsion of these "illegal" BD'shis then?

Still waiting for the 2012 article from the economist that quoted your 4 billion USD claim.

Don't you worry yourself about when the expulsion will start. Right now identification and holding camps are the first step....as is being done in Assam. When ready we will create the proper situation inside BD to then deport them back without much fanfare.

 

[wiseone2]

Yes...But this is even bigger news and unbelievable...need some explanation.

From Pak to India: $14.36 billion in remittances over 3 years!

World Bank said those living in Pakistan sent USD 4.9 billion to India in 2015. Its Bilateral Remittance Matrix put the money flowing from Pakistan to India in 2014 at USD 4.79 billion and USD 4.67 billion the year before that.

The numbers are astonishingly high considering direct remittances are highly restricted and there may not be many NRIs in Pakistan who would be sending money back home.

Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst

something is shady with these numbers