US decision to freeze Palestinian refugee funding to have devastating impact

Agencies
January 17, 2018

The international community has condemned the US government’s ruthless decision to cut more than half of its planned funding to the United Nations agency for Palestinian refugees.

The Arab League on Wednesday warned of the devastating consequences of a US decision to freeze $65 million of Palestinian refugee funding. On the  other hand Kenneth Roth, executive director of Human Rights Watch, said in a Twitter post late on Tuesday that Washington was "holding Palestinian kids' humanitarian needs hostage to political agendas".

The outcry came as the Palestinian president Mahmoud Abbas again blasted Donald Trump’s “sinful” decision to recognise Jerusalem as Israel’s capital.

Washington said on Tuesday it would provide $60 million to the UN Relief and Welfare Agency but would hold back a further $65 million. The US State Department said UNRWA needed to make unspecified reforms.

Both the head of the Arab League and the chief of the UN agency warned that holding back the money would exacerbate hardship, and effect education and health for some of the region’s most vulnerable people.

More than half a million boys and girls in 700 UNRWA schools could be affected by the fund cut, as well as Palestinian access to primary health care.

The cut in funding will effect Gaza in particular, where UNRWA helps much of its population of 2 million.

Jan Egeland, secretary-general of the Norwegian Refugee Council, urged the US government to reverse its decision.  "The move will have devastating consequences for vulnerable Palestinian refugees across the Middle East, including hundreds of thousands of refugee children in the West Bank and Gaza, Lebanon, Jordan and Syria who depend on the agency for their education," he said in a statement on Tuesday.

"It will also deny their parents a social safety net that helps them to survive, and undermine the UN agency's ability to respond in the event of another flare-up in the [Israeli-Palestinian] conflict."

On Twitter, Egeland said: "Cutting aid to innocent refugee children due to political disagreements among well-fed grown men and women is a really bad politization of humanitarian aid. US holds back $65m aid to Palestinians."

The Turkish Mnistry of Foreign Affairs said cuts to UNRWA would "hamper the efforts towards a two-state political solution and regional stability". It also said that Ankara would increase its contributions to the agency.

Yazan Muhammad Sabri, an 18-year-old Palestinian refugee in Dheisheh camp in the occupied West Bank town of Bethlehem, told Al Jazeera last week that "if the wakala [UNRWA] goes away, there will be no education, no healthcare, no sanitation". "There will be nothing - everything will disappear," he said.

Salah Ajarmeh, a 44-year-old refugee living in West Bank's Aida camp, told Al Jazeera that "if the services stop, there will be a revolution". "Palestinian uprisings began in the refugee camps in Jordan and Syria, and this will happen again."

‘International obligation’

Husam Zomlot, head of the Palestine Liberation Organisation's delegation to the US, said in a statement on Wednesday that Palestinian refugees and children's access to basic humanitarian services was "not a bargaining chip but a US and international obligation".

"Taking away food and education from vulnerable refugees does not bring a lasting and comprehensive peace," the statement said.

"Heeding Israeli Prime Minister [Benjamin] Netanyahu's zero-sum game to take Jerusalem off the table and now attempting to dismantle UNRWA, thinking that it would relinquish the rights of Palestinian refugees is a fallacy."

Zomlot was referring to the earlier US decision to recognise Jerusalem as Israel's capital, a move that prompted widespread international condemnation and led Palestinian leaders to say that they would "no longer" accept any peace plan put forward by the US.

Tuesday's announcement on UNRWA came after US President Donald Trump had threatened on January 2 to cut aid to Palestinians.

In a series of tweets, Trump had said: "... We pay the Palestinians HUNDRED OF MILLIONS OF DOLLARS a year and get no appreciation or respect. "... With the Palestinians no longer willing to talk peace, why should we make any of these massive future payments to them?"

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Agencies
May 17,2020

New Delhi, May 17: Eight of the 10 most valued domestic firms suffered a combined erosion of Rs 1,37,311.31 crore in market valuation last week, with Reliance Industries (RIL) taking the biggest knock.

Only Bharti Airtel and ITC from the top-10 list managed to close the week with gains.

RIL's market cap plunged Rs 65,232.46 crore to Rs 9,24,855.56 crore.

The market valuation of HDFC Bank declined Rs 22,347.07 crore to Rs 4,87,083.88 crore and that of Hindustan Unilever Limited tanked Rs 13,192.26 crore to Rs 4,77,458.89 crore.

ICICI Bank's market cap dropped Rs 9,770.06 crore to Rs 2,08,900.79 crore.

Infosys witnessed a decline of Rs 9,518.84 crore in valuation to reach Rs 2,77,814.09 crore while that of HDFC tumbled Rs 9,370.38 crore to Rs 2,83,293.70 crore.

The m-cap of Kotak Mahindra Bank slipped by Rs 7,805.2 crore to Rs 2,25,327.22 crore.

Tata Consultancy Services' market valuation dipped Rs 75.04 crore to Rs 7,10,439 crore.

In contrast, Bharti Airtel added Rs 13,147.89 crore to its valuation to stand at Rs 3,02,292.43 crore.

ITC's valuation also rose by Rs 7,744.11 crore to Rs 2,02,330.13 crore.

In the ranking of top-10 firms, RIL retained the number one spot, followed by TCS, HDFC Bank, HUL, Airtel, HDFC, Infosys, Kotak Mahindra Bank, ICICI Bank and ITC.

During the last week, the Sensex declined 544.97 points or 1.72 per cent.

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Agencies
March 1,2020

Washington, Mar 1: Beginning April 1, Indians wishing to immigrate to America will now have to pay an additional $50,000 for the EB-5 or the US investor visa, a media report said.

Although, this additional tax would impact all visa categories, it will predominantly create a barrier for people investing in the EB-5 visa programme, the American Bazaar daily said in the report on Friday.

In 2019, the EB-5 investor visa programme, for the first time since the 1990's, increased the minimum investment amount to $900,000.

With this increase in minimum investment, the new 5 per cent additional tax would mean that applicants would have to pay the extra $50,000, when they move money to an escrow account in the US to fulfil their application criterion.

"The changes to the tax on remittances is a reminder to Indians to carefully plan their tax position before making the move to the US," the American Bazaar quoted Mark Davies, Global Chairman, Davies & Associates LLC, as saying.

"People seeking to emigrate who do not wish to pay this tax at source and rather account for it later may wish to move their money ahead of the new rules coming into effect.

"It is possible to pre-emptively move money into an escrow account in the US until such a time as they are ready to proceed with emigration process," he added.

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News Network
June 2,2020

New Delhi, Jun 2: India on Tuesday reported 8,171 more COVID-19 cases and 204 deaths in the last 24 hours as the country's virus count inches closer to two lakh, according to the Union Ministry of Health and Family Welfare.

The total number of cases in the country now stands at 1,98,706 including 97,581 active cases, 95,527 cured/discharged/migrated and 5,598 deaths.

Cases in Maharashtra have crossed 70,000 including over 30,000 recovered while Tamil Nadu's COVID-19 tally jumped to 23,495.

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