72% increase in Indians staying illegally in US since 2010: Report

Agencies
June 18, 2019

Jun 18: The population of Indian-origin people in America grew by 38 per cent in seven years between 2010 and 2017, a South Asian advocacy group has said in its latest demographic report. There are at least 630,000 Indians who are undocumented, a 72 per cent increase since 2010, the South Asian Americans Leading Together (SAALT) said in its snapshot.

The increase in illegal Indian-Americans can be attributed to Indian immigrants overstaying visas, it said. Nearly 250,000 Indians overstayed their visa in 2016 therefore becoming undocumented, it said.

In general, the population of American residents tracing their roots to South Asia grew by 40 per cent. In real terms, it increased from 3.5 million in 2010 to 5.4 million in 2017, SAALT said.

The Nepali community grew by 206.6 per cent since 2010, followed by Indian (38 per cent), Bhutanese (38 per cent), Pakistani (33 per cent), Bangladeshi (26 per cent) and Sri Lankan populations (15 per cent).

There are currently at least 4,300 active South Asian Deferred Action for Childhood Arrivals (DACA) recipients. As of August 2018, there are approximately 2,550 active Indian DACA recipients. Only 13 per cent of the overall 20,000 DACA eligible Indians have applied and received DACA.

SAALT said that as far as DACA recipients from other countries are concerned, there are 1,300 from Pakistan, 470 from Bangladesh, 120 from Sri Lanka and 60 from Nepal.

The immigrant population density of the country shows that undocumented Bangladeshi immigrants live in New York (19,000); Michigan (4,000); Virginia (3,000); and California (2,000).

The demographic snapshot is based primarily on Census 2010 and the 2017 American Community Survey.

According to the report, income inequality has been reported to be the greatest among Asian Americans.

Nearly one percent of the approximately five million South Asians in the US live in poverty.

SAALT said there has been a rise in the number of South Asians seeking asylum in the US over the last 10 years.

The US Immigration and Customs Enforcement (ICE) has detained 3,013 South Asians since 2017. US Customs and Border Patrol arrested 17,119 South Asians between October 2014 and April 2018 through border and interior enforcement, it said.

According to SAALT, since 1997, more than 1.7 million dependent spouses of H-1B visa holders have received H-4 visas.

In 2017, 136,000 individuals received H-4 status. Nearly 86 per cent of H-4 visa holders are from South Asian countries.

In 2015, DHS granted work authorisation to certain H-4 visa holders. As of December 2017, approximately 127,000 visa holders were approved for H-4 EAD, the report said.

Nearly 472,000 or 10 per cent of the approximately five million South Asians in the US live in poverty, the report said.

Among South Asian Americans, Pakistanis (15.8 per cent), Nepalis (23.9 per cent), Bangladeshis (24.2 per cent), and Bhutanese (33.3 per cent) had the highest poverty rates, it said.

Bangladeshi and Nepali communities have the lowest median household incomes out of all Asian American groups, earning USD 49,800 and USD 43,500 respectively, it said.

Nearly 61 per cent of non-citizen Bangladeshi American families receive public benefits for at least one of the four federal programmes including TANF, SSI, SNAP and Medicaid/CHIP, 48 per cent of non-citizen Pakistani families and 11 per cent of non-citizen Indian families also receive public benefits, the report said.

In the lead up to the 2020 elections, South Asians are becoming an increasingly powerful segment of the American electorate, SAALT said.

According to the Current Population Survey (CPS), 49.9 per cent of voting-age, Asian American citizens cast a ballot in 2016. The number of Asian American voters in the last decade has nearly doubled from about two million voters in 2001 to 5 million voters in 2016.

Of these, Indians account for more than 1.5 million, followed by Pakistanis (222,252) and Bangladeshi (69,825), SAALT added.

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Agencies
July 7,2020

India's COVID-19 tally raced past the seven lakh-mark with 22,252 fresh infections on Tuesday, five days after crossing the six lakh post, while the death toll climbed to 20,160 as 467 more people succumbed to the disease, according to the Union health ministry.

With this, the country has recorded over 20,000 cases of the infection for the fifth consecutive day.

India's coronavirus infection caseload stands at 7,19,665, the ministry's data updated at 8 am showed.

With a steady rise, the number of recoveries stands at 4,39,947, while there are 2,59,557 active cases of coronavirus infection in the country.

"Thus, around 61.13 % of patients have recovered so far," an official said.

The total number of confirmed cases also includes foreigners.

Of the 467 deaths reported in the last 24 hours, 204 are from Maharashtra, 61 from Tamil Nadu, 48 from Delhi, 29 from Karnataka, 24 from Uttar Pradesh, 22 from West Bengal, 17 from Gujarat.

Telangana and Haryana reported 11 deaths each; Madhya Pradesh nine; Andhra Pradesh seven; Jammu and Kashmir six; Rajasthan and Punjab five each; Bihar, Kerala and Odisha two each; and Arunachal Pradesh and Jharkhand one each.

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News Network
May 4,2020

Munbai/New Delhi, May 4: India expects bad debts at its banks could double after the coronavirus crisis brought the economy to a sudden halt, a senior government official and four top bankers said.

Indian banks are already grappling with 9.35 trillion rupees ($123 billion) of soured loans, which was equivalent to about 9.1% of their total assets at the end of September 2019.

"There is a considered view in the government that bank non-performing assets (NPAs) could double to 18-20% by the end of the fiscal year, as 20-25% of outstanding loans face a risk of default," the official with direct knowledge of the matter said.

A fresh surge in bad debt could hit credit growth and delay India's recovery from the coronavirus pandemic.

"These are unprecedented times and the way it's going we can expect banks to report double the amount of NPAs from what we've seen in earlier quarters," the finance head of a top public sector bank told Reuters.

The official and bankers declined to be named as they were not officially authorized to discuss the matter with media.

India's finance ministry declined to comment, while the Reserve Bank of India and Indian Banks' Association, the main industry body, did not immediately respond to emails seeking comment.

The Indian economy has ground to a standstill amid a 40-day nationwide lockdown to rein in the spread of coronavirus cases.

The lockdown has now been extended by a further two weeks, but the government has begun to ease some restrictions in districts that are relatively unscathed by the virus.

India has so far recorded nearly 40,000 cases of the coronavirus and more than 1,300 deaths from COVID-19, the respiratory disease caused by the coronavirus.

'RIDING THE TIGER'

Bankers fear it is unlikely that the economy will fully open up before June or July, and loans, especially those to small- and medium-sized businesses which constitute nearly 20% of overall credit, may be among the worst affected.

This is because all 10 of India's largest cities fall in high-risk red zones, where restrictions will remain stringent.

A report by Axis Bank said that these red zones, which contribute significantly to India's economy, account for roughly 83% of the overall loans made by its banks as of December.

One of the sources, an executive director of a public sector bank, said that economic growth had been sluggish and risks had been heightened, even ahead of the coronavirus crisis.

"Now we have this Black Swan event which means without any meaningful government stimulus, the economy will be in tatters for several more quarters," he said.

McKinsey & Co last month forecast India's economy could contract by around 20% in the three months through June, if the lockdown was extended to mid-May, and growth in the fiscal year was likely to fall 2% to 3%.

Bankers say the only way to stem the steep rise in bad loans is if the RBI significantly relaxes bad asset recognition rules.

Banks have asked the central bank to allow all loans to be categorized as NPAs only after 180 days, which is double the current 90-day window.

"The lockdown is like riding the tiger, once we get off it we'll be in a difficult position," a senior private sector banker said.

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News Network
January 8,2020

New Delhi, Jan 8: Iran will welcome any peace initiative by India for de-escalating its tensions with the US after the killing of Iranian military commander Qasem Soleimani, the Iranian envoy here said on Wednesday.

His comments come hours after Iran launched missile strikes against two US military bases in Iraq in retaliation to the killing of its top commander General Qassem Soleimani.

"India usually plays a very good role in (maintaining) peace in the world. At the same time, India belongs to this region. We welcome all initiatives from all countries, especially India as a good friend for us, to not allow escalation (of tensions)," Iranian Ambassador to India Ali Chegeni told reporters after a condolence meeting for Solemani at the country's embassy here.

"We are not for war, we are looking for peace and prosperity for everybody in this region. We welcome any Indian initiative or any project that can help peace and prosperity in this world," he said.

On the Iranian attack on US targets in Iraq, Chegeni said his country retaliated under its right to defend.

Amid spiralling US-Iran tensions over the killing of Soleimani, External Affairs Minister S Jaishankar on Sunday had a conversation with his Iranian counterpart Javad Zarif and US Secretary of State Mike Pompeo, voicing India's concerns over the escalation of tensions.

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