India voices concern over Trump's remark on H1B visa

March 12, 2016

New Delhi, Mar 12: India today voiced concerns over talks of scrapping non-immigrant H1B visa for professionals by the Republican presidential candidate Donald Trump, saying such a move would impact export-led growth.

Arvind"My concern is that Donald trump in last debate, said H1B, whatever it is, I use it but I don't like it. I want to scrap all H1B. That's very worrying for export-led growth going forward," Chief Economic Adviser Arvind Subramanian said at the Advancing Asia Conference co-hosted by India and IMF.

Republican party frontrunner Trump during presidential campaign said the H1B Visa programme that allows US employers to hire foreign workers in specialty occupations for a period of time, should be ended.

Subramanian said services-led export model can push India to achieve 8-10 per cent sustained growth but talk on H1B scrapping was worrying.

"The concern we have is if we have more services export led growth rather than domestic led manufacturing, will the politics of that be very different from politics in Japan... If you have more services led growth the politics of that will be very different," he said.

Emphasising that rapid growth in export is very important ingredient for achieving 8-10 per cent growth rate in the medium term, he said, it can come with combination of manufacturing and services.

"I think India cannot deviate from the historical experience that in order to grow at 8-10 per cent you have to export rapidly. I think the notion that we can use our domestic market to grow at sustainable 8-10 per cent medium term history is against that model. Where I think India can be unique is instead of growth being led by low skill manufacturing. I think it is going to come about with a combination of manufacturing and services," he said.

Manufacturing alone is going to be little bit difficult because of what is happening in technology and so on, he said, adding, it has to be a unique model.

He further said the present government has got huge mandate so there is prospect for accelerated reforms.

"India is a large diverse democratic set up exploiting the dynamism of decentralisation, coupled with accelerated reforms from the Centre.we are such a large diverse country the diversification will come through competition between states," he added.

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Agencies
February 7,2020

Jammu & Kashmir, Feb 7: Former Jammu and Kashmir chief ministers Mehbooba Mufti and Omar Abdullah, besides two political stalwarts from NC and its arch-rival PDP were booked under the stringent Public Safety Act (PSA) by the administration on Thursday, officials said.

A magistrate accompanied by police served the order to Mufti at the bungalow where she has been detained, the officials said.

Abdullah was also booked under the PSA, they said.

National Conference general secretary and former minister Ali Mohammed Sagar, who wields a support base in downtown city, was served with a PSA notice public order by the authorities.

Similarly, senior PDP leader Sartaj Madani was booked under the PSA. Madani is the maternal uncle of former chief minister Mehbooba Mufti.

Both Sagar and Madani were detained in the aftermath of August 5 crackdown by the Centre on politicians following abrogation of special status of the erstwhile state, besides its bifurcation into two union territories.

Their six-month preventive custody was ending on Thursday.

Earlier, the officials had said that former NC legislator Bashir Ahmed Veeri was also booked under the PSA but later it turned out that he had been released.

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News Network
April 3,2020

Washington, Apr 3: The World Bank has approved USD 1 billion emergency funding for India to help it tackle the coronavirus pandemic, which has claimed 76 lives and infected 2,500 people in the country.

The World Bank's first set of aid projects, amounting to USD 1.9 billion, will assist 25 countries, and new operations are moving forward in over 40 nations using the fast-track process, the bank said on Thursday.

The largest chunk of the emergency financial assistance has gone to India USD 1 billion.

"In India, USD 1 billion emergency financing will support better screening, contact tracing, and laboratory diagnostics; procure personal protective equipment; and set up new isolation wards," the World Bank said after its Board of Executive Directors approved the first set of emergency support operations for developing countries around the world, using a dedicated, fast-track facility for COVID-19 response.

In South Asia, the World Bank also approved USD 200 million for Pakistan, USD 100 million for Afghanistan, USD 7.3 million for the Maldives and USD 128.6 million for Sri Lanka.

The World Bank said it was now working to grant up to USD 160 billion over the next 15 months to support measures to tackle the pandemic which will focus on the immediate health consequences and bolster economic recovery.

The broader economic program will aim to shorten the time to recovery, create conditions for growth, support small and medium enterprises, and help protect the poor and vulnerable.

"The World Bank Group is taking broad, fast action to reduce the spread of COVID-19 and we already have health response operations moving forward in over 65 countries," said World Bank Group President David Malpass.

"We are working to strengthen (the) developing nations' ability to respond to the COVID-19 pandemic and shorten the time to economic and social recovery," Malpass said.

According to the bank, USD 100 million will support Afghanistan to slow and limit the spread of COVID-19 through enhanced detection, surveillance, and laboratory systems, as well as strengthen essential health care delivery and intensive care.

In Pakistan, USD 200 million will support preparedness and emergency response in the health sector and include social protection and education measures, the bank said.

A total of 1,002,159 COVID-19 cases have been reported across more than 175 countries and territories with 51,485 deaths reported so far, according to Johns Hopkins University data.

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News Network
April 18,2020

New Delhi, Apr 18: With 957 new cases of COVID-19 in the last 24 hours and 36 deaths, India's total count of coronavirus cases has surged to 14,792, said the Union Ministry of Health and Family Welfare on Saturday.

The total cases are inclusive of 2,014 cured and discharged patients, one migrated and 488 deaths. At present, there are 12,289 active COVID-19 cases in the country.

Lav Aggarwal, Joint Secretary, Ministry of Health and Family Welfare said that mortality rate due to COVID-19 in our country is around 3.3 per cent.

"An age-wise analysis will tell you that 14.4 per cent of deaths have been reported in the age group of 0-45 years. Between 45-60 years it is 10.3 percent, between 60-75 years it is 33.1 percent and for 75 years, and above it is 42.2 percent," Aggarwal said at a press conference here.

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