Ahead of Trump's inauguration here on January 20, the debate on foreign guest workers visas for highly skilled professionals, the H-1B, has intensified which has literally created divisions in both the Democratic and the Republican parties.
The BJP had reacted strongly to their letter, accusing the former officials of trying to spread misinformation and create an atmosphere of distrust in the country.
The Congress party suffered a crushing defeat in the Delhi elections, failing to secure a single seat in the 70-member assembly for the third consecutive time. Key candidates, including Sheila Dikshit's son, Sandeep Dikshit, lost their deposits. The only consolation for the party was a slight improvement in its vote share, which they attribute to a vigorous campaign and a renewed focus on contesting elections independently. However, the defeat raises questions about the party's ability to compete in the upcoming 2024 Lok Sabha elections, particularly in light of its performance in other recent state elections.
The BJP's hyper-local campaign targeting the AAP's loyal base among the poor, along with Prime Minister Narendra Modi's depiction of Delhi's ruling party as "AAP-da" (disaster), proved decisive in the Delhi assembly elections. This victory marks the end of a 26-year drought for the BJP in the national capital. The BJP's campaign highlighted perceived failures in governance and corruption allegations against the AAP, while emphasizing its own welfare schemes. The party's focus on local issues resonated with voters, particularly the middle class and poor who were disenchanted with the AAP's performance. This win is a major setback for the AAP and the INDIA bloc, which has been on a losing streak after its strong performance in the Lok Sabha elections.
The Union Budget 2025-26, while promising a new framework for smoother mergers and acquisitions (M&As), has plugged a major loophole on carry-forward losses for a total of eight assessment years between amalgamating company and amalgamated company from the date of loss instead of date of the merger. For all mergers effected on or after April 1, 2025, the losses can be carried forward only for the residuary period (counting from the date of loss).
If the DMK is able to sustain the momentum until the assembly polls, the AIADMK especially and the PMK and possibly the infant TVK too would find it hard to sign up with the BJP, explains N Sathiya Moorthy.
India will place restrictions on foreign direct investment (FDI) in the national interest to ensure safeguards because of its location in a highly sensitive neighbourhood, Finance Minister Nirmala Sitharaman said during an interactive session at the Wharton Business School in the US on Tuesday. "I cannot blindly accept FDI simply because we need investment, unmindful of where it is coming from. "We want business, we want investment, but we also need some safeguards, because India is located in a neighbourhood that is very, very sensitive," Sitharaman said.
Delhi Lt Governor V K Saxena has ordered an inquiry against private persons allegedly gathering personal details of women in the name of Mahila Samman Yojana, his office said on Saturday.
Indians are the main beneficiaries of the H-1B visas, which bring in the best of the talent and brains from across the world. Highly skilled professionals from India walk away with the overwhelming number of H-1B visas - which is Congressional mandated 65,0000 every year and another 20,000 for those who received higher education from the US.
Under the nationwide mega vaccination drive launched on January 16, a total of 4,319 (53 per cent) health workers against a target of 8,117, were administered the shots at 81 centres across the city on day one.
'Trump has signaled that he has changed his stance on the H1B visa from his first term.'
'We have to be prepared for the larger disruption that is likely to take place.'
A Pakistani court sentenced jailed former prime minister Imran Khan and his wife Bushra Bibi to 14 and 7 years in prison respectively after finding them guilty of corruption in the 190 million pounds al-Qadir Trust case. The verdict was announced in a makeshift court set up in Adila jail where Khan is currently lodged. Khan has been convicted for "corrupt practices" and "misuse of authority", while his wife has been convicted for "involvement in illegal activities". The court also ordered the confiscation of the land of Al-Qadir University set up by them. Supporters of Khan's Pakistan Tehreek-e-Insaf (PTI) party staged a protest outside Parliament House, demanding his release. Khan claims all cases against him were politically motivated.
Delhi faces a severe financial crunch and the deficit is largely due to numerous welfare schemes without adequate revenue flowing in. The success of welfare schemes and electoral promises will need careful financial planning and out of the box thinking to whip up additional revenue, notes Ramesh Menon.
Maharashtra Deputy Chief Minister Eknath Shinde has said he will extend all possible cooperation to Chief Minister Devendra Fadnavis and will work as a team. Addressing a news conference, Shinde described his tenure as chief minister as very successful and thanked Prime Minister Narendra Modi and Union Home Minister Amit Shah for their support. He also said the Mahayuti government secured a majority in the recent elections. Shinde said that when he was the chief minister, Fadnavis and Ajit Pawar extended cooperation to him and they worked as a team. He added that he will now be "dedicated to the common man" 24 x 7. In the first cabinet meeting after the swearing-in ceremony, officials were instructed to disburse the next instalment of the Ladki Bahin scheme to beneficiaries. Shinde also rubbished all talk of him being upset over not being made chief minister. He pointed out that 39 Shiv Sena MLAs were with him when he led a revolt in 2022, and today, the party has 57 MLAs, which he asserted was a seal of approval from the people. Shinde was given a rousing welcome at Anand Ashram, the headquarters of the Shiv Sena in Thane, following the swearing-in ceremony. Several hundred party workers thronged the area carrying placards and shouting slogans in his praise.
Co-location attracts institutional investors, which drives volumes for long-dated options, with higher realisations at lower costs.
The ruling Mahayuti alliance in Maharashtra is heavily banking upon a six to 10 per cent shift in voters -- mostly women -- in its favour to return to power with anywhere between 160 and 170 assembly seats, say four MLAs belonging to Eknath Shinde's Shiv Sena.
Tilak Varma smashed an unbeaten half-century to steer India to a thrilling two-wicket victory against England in Chennai on Saturday.
The Income-Tax Department on Sunday cautioned taxpayers that failure to disclose assets held abroad or income earned in foreign shores in the ITR can attract a penalty of Rs 10 lakh under the anti-black money law. The department issued a public advisory as part a compliance-cum-awareness campaign launched recently by it on Saturday to ensure that such information is reported by the assessee in their Income Tax Return (ITR) for assessment year (AY) 2024-25.
'If the Trump administration decides to put guardrails on H-1B visas, that will surely impact both US and Indian firms.'
'Maharashtra is virtually in a debt trap.'
Osamu Suzuki, the man who took a risk and bet on India when no one else believed in having a viable automobile company in the country, has died at the age of 94, according to information shared by Japan's Suzuki Motor Corporation on Friday.
The government's two-year-old production-linked incentive (PLI) for air conditioner (AC) components has boosted domestic production, with average value addition or localisation increasing from 25 per cent to 55 per cent now, according to the scheme's beneficiaries. Last year, 10 million ACs were manufactured and sold in India and the number is expected to reach 14 million in 2024, according to industry estimates. Domestic production is expected to hit 30 million by 2030.
The BJP and Congress have called out the 'Delhi model' as a hoax, built on sustained propaganda when the ground reality is different.
Addressing the Grah Pravesham programme, to hand over new houses to their owners, via video conferencing, Modi said his government has given topmost priority to providing houses to the poor people.
Sarma also claimed that marriages of minors were registered by the Kazis earlier, but the proposed bill will prohibit any such move.
"What would be prohibited is the creation of any fanfare and holding of ceremonies with the involvement of political functionaries," it observed.
Washington Sundar jumped seven places to move to 46th on the same list for Test bowlers.
Observing that a re-test has to be ordered if sanctity of the National Eligibility-cum-Entrance Test-Undergraduate (NEET-UG) 2024 is 'lost', the Supreme Court on Monday sought information from the National Testing Agency and the Central Bureau of Investigation (CBI) about timing of question paper leak and duration between leak and actual test.
Reliance Industries Limited has been granted approval to set up a battery manufacturing facility for up to 10 GW under the Rs 3,620 crore-Production Linked Incentives (PLI) scheme for ACC Battery Storage, the government said on Wednesday. The Ministry of Heavy Industries had received bids from seven bidders under global tender for Production Linked Incentives (PLI) scheme for 10 GWh Advanced Chemistry Cell (ACC) manufacturing, with a maximum budgetary outlay of Rs 3,620 crore, announced on January 24, 2024.
Shinde said the Opposition has described the Mukhya Mantri Ladki Bahin Yojana as "deceptive and a false assurance", but the scheme has received an overwhelming response from women.
A freebie once granted can hardly be discontinued. All that can happen is to substitute it with a bigger freebie, notes A K Bhattacharya.
The urgent need to address a large number of beneficiaries waiting for second dose of vaccine was stressed in a meeting held by Union Health Secretary Rajesh Bhushan and Dr R S Sharma, the Chairman of Empowered Group on Technology and Data Management to Combat COVID-19, with state officials to review the status of COVID-19 vaccination on Tuesday.
The bench referred to three reports submitted by the cyber cell police which said the beneficiaries were added to the bank account without any message or OTP received on the registered mobile number and email to the registered email account.
The United Kingdom extracted USD 64.82 trillion from India over a century of colonialism between 1765 and 1900 and USD 33.8 trillion of this went to the richest 10 per cent -- enough money to carpet London in notes of 50 British pound almost four times over.
Keeping surplus money in a bank account has become perilous, alerts Harsh Roongta.
A robust margin performance in the September quarter (Q2FY25) led to a 12 per cent rise in the stock of defence major Bharat Electronics (BEL). While the stock has given up most of those gains in the recent market correction, analysts are positive on the company due to its strong order book, new order inflows, and margin trajectory. The near-term trigger has been the operating performance in Q2FY25.
A vistarak is assigned to convince voters of the 'far-reaching benefits' of the schemes and doles handed out by the Centre and the UP government.
In numerous instances, family members are unaware of an insurance policy's existence, let alone its details.
The apex court, instead of reserving the judgement, dictates operative parts and says there is an urgent need to provide certainty and finality to the dispute which affects the career of over 2 million students.
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