The US House of Representatives passed a symbolic resolution on December 6 backing a two-state solution to the conflict between Israel and the Palestinians, following initiatives from President Donald Trump seen as heavily favouring the Jewish state.The Democratic-led House voted 226 to 188, largely along party lines, for a non-binding resolution saying that only a two-state solution can both ensure Israel's survival as a Jewish state and fulfil the Palestinians' "legitimate aspirations" for their own state.Since he became president in January 2017, the Republican Trump has been condemned by Palestinian and some Arab states' leaders for reversing long-held US policies to recognise Jerusalem as Israel's capital in 2017, move the US embassy to the city in 2018 and cut US aid to Palestinians.Close In March 2019, Trump recognised Israel's annexation of the Golan Heights, captured from Syria in 1967. And last month, Secretary of State Mike Pompeo said Washington would no longer … [Read more...] about US House passes resolution breaking with Trump on Israel policy
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Indian nationals in the US can breathe a sigh of relief as the US Department of Justice (DoJ) on September 16 confirmed that the new rules banning spouses of H-1B visa holders from working won’t be implemented till next year, reports The Economic Times.As per the DoJ, a March-June 2020 timeframe has been decided on for the Trump administration's proposal, which would revoke H-4 employment authorisation document (EAD), primarily used by H-1B holders’ spouses for employment.While affirming that the Department of Homeland Security’s (DHS) intent to proceed with the proposal is unchanged, the DoJ said the delay is due to 'inter-agency process'.Close Moneycontrol could not independently verify the report. related news US agency completes implementation of H-1B electronic registration process for 2021 cap season Unnao victim's family demands that accused be killed; political reactions to her death pour in Tax cuts under consideration, focus on boosting … [Read more...] about H-1B visa holders get some relief as work ban on spouses pushed back till 2020: Report
Manas ChakravartyMarkets across the world have suddenly been spooked by fears of a growth slowdown. Here’s what the Reserve Bank of India said in its monetary policy statement a few days ago: "…global economic activity has shown increasing signs of weakness on rising trade tensions. Among advanced economies, economic activity appears to be slowing in the US in Q42018, after a buoyant Q3. The Euro area growth lost pace in Q3, impacted by weaker trade growth and new vehicle emission standards. The Japanese economy contracted in Q3 on subdued external and domestic demand."The RBI said growth was also slowing in some emerging markets, most importantly China. For India too, there have been warnings of lower growth after the September quarter gross domestic product growth came in lower than anticipated. Fitch Ratings has been the latest to jump aboard the bandwagon, reducing its estimate of India's GDP growth this fiscal from 7.8 percent earlier to 7.2 percent.Close … [Read more...] about Quick Take | Does the market really have a reason to worry about lower global growth?
Shaktikanta Das, the new Governor of the Reserve Bank of India (RBI), is taking charge of the central bank in less than propitious circumstances. His predecessor’s resignation was clearly a protest against the government trying to impose its will on the institution. In that context, Das’ most important task is a simple one --he will have to prove that he is his own man.Admittedly, the new incumbent at Mint Street starts off with a handicap. While his vast experience in managing economic affairs is not in question, he has an unfortunate reputation as the man under whom the government launched its controversial demonetisation programme. The speed with which he has been appointed has also raised questions whether this was the government’s game plan all along.While several bureaucrats from the Finance Ministry have gone on to become excellent RBI governors and have asserted their independence, they did not assume office in similar circumstances. Simply put, Das will have … [Read more...] about Opinion | Shaktikanta Das will have to prove he is his own man
The chairman of the House Transportation and Infrastructure Committee urged Uber Technologies Inc to take action after the company disclosed on December 5 it received over 3,000 reports of sexual assault-related to its 1.3 billion rides in the United States last year.Representative Peter DeFazio, a Democrat, on December 6 praised Uber for releasing the information, but said Uber and other companies must do more "to establish formal policies, training and reporting structures.""As a country, we must ensure safety is a priority, and make it clear that sexual assault and harassment will not be tolerated anywhere, no matter where it occurs," he said.Close DeFazio in November introduced legislation to help track and prevent incidents from occurring in different modes of transportation, including ridesharing companies. It was approved by the committee and now awaits action by the full US House. related news Trump calls for World Bank to stop loaning to China Dollar shines … [Read more...] about US lawmaker says Uber must take action after disclosing sexual assault reports