- Visa problems, tax questions
- Indian stock markets open in the red and fall 347 points
- Stock market in red, inflation possibilities
4 p.m. News Network
New Delhi. The election results have arrived in the United States, which boasts of being the largest democratic system in the world. After which Trump has become the new king of the United States. As soon as Trump became the President of the United States again, happiness was seen in the Indian society and various things began to be talked about on social media. But the bigger question is whether Trump’s victory will be a blessing or a curse for India. According to foreign affairs experts, Trump’s victory is a curse for India. Because from the first day of the victory, the Indian stock markets took it negatively and the Sensex plummeted more than 300 points as soon as it opened.
The economy is the biggest promise Trump has made to win. Inflation may rise further in India after Trump’s victory. Rising interest rates and rising cost of American goods may impact Indian companies. Among the promises President Trump made to Americans regarding the economy, the strength of the dollar was at the top. If the dollar strengthens, the value of the rupee will decrease. Which will be negative for us. Due to the strengthening of the dollar, India will have to pay higher prices for the products it imports, especially oil. This will also increase domestic inflation.
Exports between India and the United States will be affected
After Trump’s victory, it is natural that exports between India and the United States will be affected. Trump had already made it clear that if India does not reduce taxes, the United States will not reduce them either. During the Trump administration, Trump wanted India to reduce import duties for a sports bike company to zero. But India did not come under pressure from the United States and did not reduce import duties. Due to which there were difficulties in import/export between India and the United States. The matter was resolved after long meetings between foreign representatives of both countries.
Trump wants to eliminate trade barriers
As already mentioned, Trump wants to eliminate or reduce the trade barrier between India and the United States. President Trump has always been critical of India’s trade policies. Once again, when Trump returns to power in the United States, his administration can pressure India to reduce the trade barrier. This will affect sectors such as IT, pharmaceuticals and textiles.
What will happen to the visa?
People from any country are always attracted to the US Visa. In this sense, there may be problems for Indians after Trump’s victory. Trump had banned H-1B visas last time. Indian IT companies present in the United States were greatly affected by this.
Shock for stock markets!
During the first Trump regime, the US stock markets outperformed the Indian stock market. During that period, the Nasdaq had gained 77 percent. While Nifty could rise only 38 percent. God forbid something like that happens again, but it seems to be happening. As soon as Trump took office, there was a negative impact on the Indian stock markets at the beginning of the session and the markets opened in the red. Sales were observed in the metals, automobiles, financial services, pharmaceuticals, consumer goods, energy, private banking and infrastructure sectors.
- Major ruling by the Supreme Court on the hiring process
4 p.m. News Network
New DelhiA five-judge bench of the Supreme Court has made an important decision on the rules of the selection process for government jobs. The Supreme Court said that recruitment rules for appointment to government jobs cannot be changed mid-stream. This cannot be done at all unless it is prescribed.
The court ruled on the question of whether the State and its institutions can change the rules of the job selection process once the process has begun. A five-judge bench headed by Chief Justice DY Chandrachud said the rules, once decided before the start of the recruitment process, cannot be changed mid-stream. The court stated that the selection rules should not be arbitrary. This should be according to article 14 of the Constitution.
The matter is related to the appointment in the Rajasthan High Court.
This matter is related to the appointment in the Rajasthan High Court. In this case, after the job-related written examination and interview, the rule of making appointments only with 75 per cent marks was laid down. Due to this new rule, many candidates were deprived of getting jobs.
- The amount of the fine imposed on farmers was doubled
- Recently, the Supreme Court had also expressed its discontent
4 p.m. News Network
New Delhi. The problem of air pollution is continuously becoming a major challenge for India. This problem is becoming serious throughout the country. The Supreme Court has also continuously expressed its displeasure in this regard. Now the central government has also decided to take a strict stand on the stubble problem. The Center has doubled the fine amount for farmers who burn stubble. The fine for burning stubble on more than five acres of land has been increased to Rs 30,000.
The ‘Air Quality Management Commission’ of the Central Government has implemented the provisions of the ‘Environmental Compensation for Stubble Burning Amendment Act’ in and around the National Capital Region. Provisions on penalties and utilization of funds for stubble burning have been mentioned in this law. Under this, farmers having less than two acres of land will have to pay Rs 5,000 as environmental fine for burning stubble. While those farmers who have two to five acres of land and are found burning stubble, the fine will be Rs 10,000. Farmers with more than five acres of land will have to pay a fine of Rs 30,000 for burning stubble.
The Supreme Court had reprimanded the Punjab-Haryana governments
Recently, the Supreme Court also criticized the governments of Punjab and Haryana for not stopping incidents of stubble burning. The Supreme Court had directed the Air Quality Commission to take punitive action against government officials of Punjab and Haryana over frequent incidents of stubble burning. The court has also set a deadline of one week to prosecute violators of its order.
