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A month into the Gulf conflict, early economic strain is surfacing in the United Arab Emirates, with companies in hospitality, travel, events and food & beverage beginning to cut costs through layoffs, pay reductions and unpaid leave, according to an ET report.People tracking hiring trends said the adjustment has already started at the firm level…
Rising remittance inflows to India have doubled in the past 10 years, with four advanced economies—the United States, the United Kingdom, Canada, and Australia—accounting for a growing share of the funds. Migration of higher-skilled Indians to these countries, combined with rising incomes among the diaspora, has helped reduce India’s dependence on any single region while…
Fundamentally, remittances are cross-border money transfers to support families back home. (AI image) ‘Gulf se paisa aaya hai’ – it’s a common statement in several households across India whose family members work in the Middle East countries. But will this money keep flowing in as much as it does in the wake of the US-Iran…
Indian students prefer Georgia over Ukraine for MBBS studies as remittances rise fivefold. (Getty Images) Indian students are increasingly choosing Georgia as a destination for MBBS studies, moving away from Ukraine amid the ongoing war. According to data released by the Reserve Bank of India (RBI) under the Liberalised Remittance Scheme (LRS), Indians sent $50.25…
