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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
August 5,2020

Ayodhya, Aug 5: Prime Minister Narendra Modi on Wednesday recalled the significance of the path of 'maryada' associated with Lord Ram in the backdrop of the situation created by COVID-19 and emphasised the importance of social distancing and wearing face masks.

He said that the current situation demands 'maryada' should be 'do gaz ki doori, mask hai zaroori' and exhorted everyone to follow it.

In his speech after laying the foundation stone of the Ram Temple in Ayodhya, the Prime Minister said the temple of Lord Ram will inspire and guide humans for ages to come.

He said that the path of `maryada' followed by Lord Ram is all the more necessary today in the situation created by COVID-19.

"The `maryada' (need) today is do gaj ki doori, mask hai jaroori (keep distance of two yards, wear mask). The Almighty may keep all the citizens healthy and happy, this is my prayer. The blessings of Mother Sita and Shri Ram be always there on the citizens," he said.

The Prime Minister termed the occasion as historic and said that India is starting a glorious chapter when people across the country are excited and emotional to have finally achieved what they had been waiting for centuries.

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News Network
February 1,2020

Feb 1: The Congress on Saturday expressed hope that the Union Budget would provide relief to the salaried class through tax cuts and invest in rural India besides providing a healing touch to the common man and industry facing “hardship” since demonetisation.

Congress chief spokesperson Randeep Surjewala said the last budget led to crashing consumption levels, soaring unemployment and falling GDP. “Budget 2019= Consumption crashed, Unemployment soared, Farm distress surged, Incomes declined, Investments slumped, Public spending fell, GDP nose dived!,” Surjewala tweeted. “Yet, Modiji gave Corporate Tax Cuts of Rs 1,45,000 crore. Let Budget 2020 give tax cuts to Salaried Class and invest in Rural India,” he said

Rajasthan Chief Minister Ashok Gehlot hoped the budget fulfils expectations of the common people. “Budget 2020 is the time for NDA government to provide a healing touch to common people and industries facing hardships since noteban. Hope the budget fulfils expectations of common people and provide relief across sections,” Gehlot said.

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News Network
June 2,2020

New Delhi, Jun 2: Congress leader Rahul Gandhi on Monday took a jibe at Prime Minister Narendra Modi over Moody's Investors Service downgrading India's sovereign rating to the lowest investment rate and said that the global rating agency has rated his handling of the country's economy "a step above junk".

"Moody's has rated Modi's handling of India's economy a step above JUNK. Lack of support to the poor and the MSME sector means the worst is yet to come," the Congress leader tweeted citing a media report on Moody's downgrading the nation.

On Monday, Moody's downgraded the country's rating to "Baa3" from "Baa2". This comes at a time when the government is facing criticism from the Opposition over its handling of the COVID-19 situation and measures to boost the economy.

The government has already announced a stimulus package of Rs 20 lakh crore to deal with the situation.

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