The Economic Times
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| 10 August, 2020, 01:30 AM IST | E-Paper



    A share of the India pie: Expat Indians eyeing desi roles as US tightens visa curbs

    The Donald Trump administration in the US had been pursuing a conservative work visa regime, and since the pandemic outbreak it has brought in more restrictions. In June it temporarily suspended new work visas until the end of the year. On Monday, it restricted federal agencies from hiring foreign workers including H-1B holders.

    • The decision will offer an opportunity to the domestic defence industry to manufacture the items in the negative list by using their own design and development capabilities or adopting the technologies designed and developed by DRDO to meet the requirements of the Armed Forces.

      The number of recoveries surged to 14,80,884 with record 53,879 more people recuperating in the past 24 hours, taking recovery rate to 68.78 per cent. The case fatality rate has dropped 2.01 per cent, according to the Health Ministry data.

      Upon completion of his five-year term, World Bank’s former Country Director of Pakistan Patchamuthu Illangovan said Islamabad had made a request for appointment of a COA while India had sought a neutral expert to resolve their dispute on two hydroelectric projects.

      Domestic retail and wholesale inflation data for July and factory output print for June will be out during the week. Rising US-China tension can also emerge a market mover.

      The word ‘Ramrajya’ is being chanted. But can the proposed Ram Mandir, backed by powerful politicians, usher in Ramrajya? About Ramrajya, you said: “When I visit the Frontier Province I call it Khudai Raj, while to a Christian audience I would describe it as a Kingdom of God on earth…I must repeat for the thousandth time, Ramanama is one of the many names of God.” For you, god was not a particular religion, god was truth and the personal struggle for truth.

      India asked China to pull back its troops and stop further construction activities in the strategically-located Depsang-Daulat Beg Oldie (DBO) sector of eastern Ladakh, where both have amassed thousands of soldiers, tanks and artillery guns, in another round of military talks on Saturday. India stressed the “importance of reducing tensions to prevent any inadvertent escalation".

      The bank also informed about acquiring 7.5 per cent (78,32,253 shares) in tea firm McLeod Russel India Ltd by invoking pledged shares following default by the borrower.

      The Ram temple is coming up today not because the BJP won a great popular victory but because the Supreme Court came out with an odd verdict that slammed BJP vigilantes for destroying the Babri Masjid and categorically named the Muslims as victims, yet created a new trust to build a Ram temple.

      The difference between the reactions to the 1992 demolition and last Wednesday’s bhoomipuja would indicate that India has changed very significantly. If the former was marked by a cocktail of boisterous celebrations, anger and violent protests — recall the Mumbai riots and the serial bomb blasts in early 1993—the latter has been greeted with dignified observance and an anticipation of national reawakening.

      Apart from ecommerce, the other big segments recruiting temporary staff in sales, advisory, content development etc include health insurance companies and insurance aggregators followed by edtech sector, leading to creation of more jobs at a time when most industries continue to reel under the impact of the Covid-19 crisis.

      The investigating team retrieved the black box and cockpit voice recorder after cutting into the floorboard of the cockpit. These devices, considered the most important evidence in determining the reasons leading to an air crash, were sent to Delhi for decoding and analysis.

      Delhi Metro is refurbishing its oldest trains with new upgrades. Nearly two decades old, the first train sets that were built in South Korea will now feature stretched LCD screens with dynamic route maps, sockets and USB ports for laptop and phone charging, state-of-the-art CCTV cameras and fire and smoke detection system monitored from the driver’s cabin through touch screens.

      Tagging a tweet by PMO in which Modi urged people to take a pledge to the "garbage quit India" drive, Gandhi said, "Why not! We have to go a step ahead and clean up increasing 'garbage of falsehood' in the country." "Will the Prime Minister start the satyagraha by telling the country the truth of the Chinese aggression?" he said in a tweet in Hindi.

      ​​Pandemic is only the latest blow; the headwinds have been gathering for the industry for a while. In 2019-20, passenger vehicles sales dipped by 18%, from 3.2 million in 2018-19 to touch 2.78 million. The future looks grim — in 2020-21, CRISIL forecasts that passenger vehicle sales will dip by 25% to touch 2.1 million. In this plethora of bad news, pre-owned or used car market is emerging as a silver lining.

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