Showing posts with label EGYPT. Show all posts
Showing posts with label EGYPT. Show all posts

Tuesday, April 9, 2019

India highest recipient of remittances at $79 billion in 2018: World Bank


India was followed by China (USD 67 billion), Mexico (USD 36 billion), the Philippines (USD 34 billion), and Egypt (USD 29 billion), the global lender said.


India retained its position as the world's top recipient of remittances with its diaspora sending a whopping USD 79 billion back home in 2018, the World Bank said in a report Monday.

India was followed by China (USD 67 billion), Mexico (USD 36 billion), the Philippines (USD 34 billion), and Egypt (USD 29 billion), the global lender said.
With this, India has retained its top spot on remittances, according to the latest edition of the World Bank's Migration and Development Brief.

Over the last three years, India has registered a significant flow of remittances from USD 62.7 billion in 2016 to USD 65.3 billion 2017.

"Remittances grew by more than 14 percent in India, where a flooding disaster in Kerala likely boosted the financial help that migrants sent to families, the Bank said.
In Pakistan, remittance growth was moderate (seven per cent), due to significant declines in inflows from Saudi Arabia, its largest remittance source. In Bangladesh, remittances showed a brisk uptick in 2018 (15 per cent).

According to the report, remittances to low-and middle-income countries reached a record high of USD 529 billion in 2018, an increase of 9.6 per cent over the previous record high of USD 483 billion in 2017.

Global remittances, which include flows to high-income countries, reached USD 689 billion in 2018, up from USD 633 billion in 2017, it said.

The Bank said, remittances to South Asia grew 12 per cent to USD 131 billion in 2018, outpacing the six per cent growth in 2017.

"The upsurge was driven by stronger economic conditions in the United States and a pick-up in oil prices, which had a positive impact on outward remittances from some GCC countries," it said.

The Gulf Cooperation Council (GCC) is a regional inter-governmental political and economic bloc of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE.
However, the Bank in its report rued that the global average cost of sending USD 200 remained high, at around seven per cent in the first quarter of 2019.


Thursday, April 4, 2019

Poor diet leads to hundreds of deaths in India every year: Lancet study


The study estimates that one in five deaths globally -- equivalent to 11 million deaths -- are associated with poor diet.


Poor diet leads to hundreds of deaths in India annually, according to a Lancet study which found that globally one in five people die due to the lack of optimal amounts of food and nutrients on their plates.

The report, which tracked trends in consumption of 15 dietary factors from 1990 to 2017 in 195 countries, showed that almost every region of the world could benefit from rebalancing their diets.

The study estimates that one in five deaths globally -- equivalent to 11 million deaths -- are associated with poor diet, and diet contributes to a range of chronic diseases in people around the world.
In 2017, more deaths were caused by diets with too low amounts of foods such as whole grains, fruit, nuts and seeds than by diets with high levels of foods like trans fats, sugary drinks, and high levels of red and processed meats.
Low intake of whole grains -- below 125 grammes per day -- was the leading dietary risk factor for death and disease in India, the US, Brazil, Pakistan, Nigeria, Russia, Egypt, Germany, Iran, and Turkey.
In Bangladesh, low intake of fruits -- below 250 grammes per day -- was the leading dietary risk.
In 2017, the countries with the lowest rates of diet-related deaths were Israel, France, Spain, Japan, and Andorra. India ranked 118th with 310 deaths per 100,000 people.
The UK ranked 23rd (127 deaths per 100,000), and the US ranked 43rd (171 deaths per 100,000) after Rwanda and Nigeria (41st and 42nd).
China ranked 140th, with 350 deaths per 100,000 people, researchers said in a statement.
The findings highlight the urgent need for coordinated global efforts to improve diet, through collaboration with various sections of the food system and policies that drive balanced diets.
"This study affirms what many have thought for several years -- that poor diet is responsible for more deaths than any other risk factor in the world," said Christopher Murray, at University of Washington in the US.
"While sodium, sugar, and fat have been the focus of policy debates over the past two decades, our assessment suggests the leading dietary risk factors are high intake of sodium, or low intake of healthy foods, such as whole grains, fruit, nuts and seeds, and vegetables," said Murray.Keep Reading : Business Standard