Bangladesh becomes 4th largest remittance source for India (official figure $10 billion)

[mb444]

We need to absolutely tag these illigal hindutva immigrants to BD before these disease ridden rapists turn BD into a open sh*thole that they have turned their own country into.

They are an existential threat to BD women, society, national cohesion and general hygiene.

 

[Bilal9]

You are Indians anyway.

Don't call us that kind of name. It is almost a reportable offense.

 

[Black_cats]

Also do a bit of back of envelop calculation, assume that there are a HUGE number of Indians working in factories of esteemed RMG industry in BD. Assume they are paid 5 dollars a day (320 INR minimum a day), a pretty high number for lowly illegal-immigrant RMG workers. That means 150 USD per month, if the worker does not take a single day off. Lets assume the worker is using some ancient vedic technology that they do not need to feed or pay rent or any expense and they send all of this money back to India.

That will require about 10,000,000,000 / (12*150) = 5.5 million people.

Dude what you are quoting? Many Indians are getting yearly salary in crores. Salary is not the only component here. Illegal import and export without declaring, transferring profit of Indian companies without declaration also counted here. Your own RBI source confirmed that according to the article.

We need to absolutely tag these illigal hindutva immigrants to BD before these disease ridden rapists turn BD into a open sh*thole that they have turned their own country into.

They are an existential threat to BD women, society, national cohesion and general hygiene.

Does Bangladeshi government has any plan for that or they are capable of doing so? highly doubt it.

 

[Shamsher1990]

We need to absolutely tag these illigal hindutva immigrants to BD before these disease ridden rapists turn BD into a open sh*thole that they have turned their own country into.

They are an existential threat to BD women, society, national cohesion and general hygiene.

Most likely the money was dirty money from some real estate deals in India being deposited to avoid detection. BD has no indication of it. Only information is from Indian banks. Most likely fake source of money to make black money as remittance money.

Dude what you are quoting? Many Indians are getting yearly salary in crores. Salary is not the only component here. Illegal import and export without declaring, transferring profit of Indian companies without declaration also counted here. Your own RBI source confirmed that according to the article.

Those are not the indians working in BD. If they are, their number is in 10s and mostly they are business owners etc. Like a director of a company running business in BD. And yes their salary and money is documented and not illegally routed like your article is stating or via 'hundi'.

 

[Bilal9]

Most likely the money was dirty money from some real estate deals in India being deposited to avoid detection. BD has no indication of it. Only information is from Indian banks. Most likely fake source of money to make black money as remittance money.


Those are not the indians working in BD. If they are, their number is in 10s and mostly they are business owners etc. Like a director of a company running business in BD. And yes their salary and money is documented and not illegally routed like your article is stating or via 'hundi'.

No Bangladeshi businessman is foolish enough to invest in real estate in India - another dhokeybaaji related business. Indian real estate people won't try this business in Bangladesh either, too saturated.

 

[Black_cats]

This is from an Indian news source from 2013


https://www.siliconindia.com/news/b...st-Remittances-to-India-nid-147515-cid-3.html

5. Bangladesh



Bangladesh is a developing country and is the eighth most populous country in the world. It is reported that there are Indians who are staying in Bangladesh and there are about 500,000 Indians presently residing.



People who are migrating to Bangladesh illegally are from West Bengal, Meghalaya, Assam, Tripura and Mizoram. According to the government authorities of the country, most of them come in search of job opportunities and mostly work in NGOs, garments and textile industries.



These Indians remit $3,716 million to their home country and the number is expected to increase in next few years.

 

[Shamsher1990]

Your own RBI source confirmed that according to the article.

RBI only knows this much: "X amount of money came in Y account marked as remittance from BD". No one knows where the money came from really, what is was about. It could have nothing to do with BD, just using Taka in cash to hide the source and intent of the money. Like some shady real estate deal done in cash.

 

[Black_cats]

Most likely the money was dirty money from some real estate deals in India being deposited to avoid detection. BD has no indication of it. Only information is from Indian banks. Most likely fake source of money to make black money as remittance money.


Those are not the indians working in BD. If they are, their number is in 10s and mostly they are business owners etc. Like a director of a company running business in BD. And yes their salary and money is documented and not illegally routed like your article is stating or via 'hundi'.

Do you know what hundi is? Is it detectable?

 

[Shamsher1990]

This is from an Indian news source from 2013

Not a news site, but just a "Comminity of Professionals". Anyone can make one using wordpress.

They don't even have a business address.

 

[jetray]

You need to admit how much Bangladesh is contributing to the bordering states of India and it’s poor masses who survive by doing illegal import export business with Bangladesh despite whatever crap Shanghis spread in India.

America & UAE have a bigger economy and can host lot many ppl. Even then their contribution is only around $12 billion.

If you say remittances from bangladesh is more than those big economies which have ppl who work with higher pay and advanced industries then it must also be true that bangladesh economy is bigger than US & UAE

Its just that blind arrogance & jealousy mixed with religious hatred but no facts whatsoever brings out such rubbish conclusion.

@Nilgiri few trolls of BD have deduced that BD's economy rivals that of US.

 

[Shamsher1990]

Do you know what hundi is? Is it detectable?

Hundi, Hawala all methods of undeclared money transaction. You pay money to a shady person and get a slip or recipt. You show the recipt to his associate at destination and get your money in local / agreed upon currency.

 

[Black_cats]

America & UAE have a bigger economy and can host lot many ppl. Even then their contribution is only $10 billion.

If you say remittances from bangladesh is more than those big economies which have ppl who work with higher pay and advanced industries then it must also be true that bangladesh economy is bigger than US & UAE

Its just that blind arrogance & jealousy mixed with religious hatred but no facts whatsoever brings out such rubbish conclusion.

@Nilgiri few trolls of BD have deduced that BD's economy rivals that of US.

Dude that Indian troll is banned. No point of calling him with anticipation to derail the thread. Go read the thread again. It is not just remit money by Indians living in Bangladesh but also include many other component.

 

[Shamsher1990]

Do you know what hundi is? Is it detectable?

I am saying that if BD government and central banks do not have any record of money, the money may never have come from BD. Just marked as that while depositing in India.

Tell me how do you verify that the money actually came from BD if you are a bank in India.

I think BD is being used as a conduit to flow money into India.

 

[jetray]

Dude that Indian troll is banned. No point of calling him with anticipation to derail the thread. Go read the thread again. It is not just remit money by Indians living in Bangladesh but also include many other component.

Ok live in your own delusions , even UAE has far more hawala happening , lot of 3rd party trade routed to pakistan...etc does not remit more to India.

As I said you dont have any facts but only BS to satisfy your ego .

 

[Black_cats]

Hundi, Hawala all methods of undeclared money transaction. You pay money to a shady person and get a slip or recipt. You show the recipt to his associate at destination and get your money in local / agreed upon currency.

You are right. Government has no clue of it that money are going out. What you posted is only part of the story. Other part of the story is the money that one party is getting they needs to adjust it with something else. For example agents are getting money from Indian inside Bangladesh and Indian agent inside India giving the money to recipient. The money that agent inside Bangladesh is getting adjust it by giving it to Indian business to operate their cost or for import of Product from Bangladesh or use it for gold smuggling. Indian agent in return get the money from people who like to import product from Bangladesh or send money to Bangladesh. No one can trace it.

What you are saying about money whitening is also possible partially. Bangladesh mostly is used as gold smuggling route to India.

Ok live in your own delusions , even UAE has far more hawala happening , lot of 3rd party trade routed to pakistan...etc does not remit more to India.

As I said you dont have any facts but only BS to satisfy your ego .

@Bilal9 and @mb444 see this clueless Indian!!! Was calling nilgiri and now saying this article is posted to satisfy our ego