Washington sources reported that as per a statement "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)". Meanwhile the remittances to India rose sharply by 9.9% in 2017, reversing the previous year’s sharp decline.
Media reports global remittances are expected grow 4.6% to $642 billion in 2018. As per the World Bank's latest Migration and Development brief the remittances to low and middle-income countries rebounded to a record level in 2017 after two consecutive years of decline.
Dilip Ratha, lead economist at the World Bank in
his blog said “The overall recovery in remittances is better than we expected.
It is driven by stronger growth in the European Union, the Russian Federation,
and the United States. Moreover the rebound in remittances, when valued in US
dollars, was helped by higher oil prices and a strengthening of the euro and
Sabarimala Temple Police Officers instructed to follow new Dress Code As per report for the first time in Sabarimala, police officers have been instructed to follow a firm dress code while on duty at the temple. Officers have been asked to wear caps, boots and belts, with their shirts tucked in. Meanwhile they must also turn up clean shaven and this is to ensure that they follow a dress code like at any other protest site.
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