Visa Chaos, Harvard Shock & Canada Cap: What's Next for Indian Students Abroad?
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
a few seconds ago
- Hindustan Times
India is 'Maharaj' in tariffs: White House Trade Adviser Navarro
New Delhi, India is a "Maharaj" in tariffs and it is running a "profiteering scheme" by using discounted Russian crude oil, White House Trade Adviser Peter Navarro has said, in yet another sharp criticism of New Delhi. India is 'Maharaj' in tariffs: White House Trade Adviser Navarro Navarro's comments came on a day External Affairs Minister S Jaishankar responded to criticism of India by American officials for its energy ties with Russia, and said the US itself had asked New Delhi to help stabilise global energy markets by buying Russian oil. The White House Trade Adviser also talked about how India is "cosying up to" Chinese President Xi Jinping. The relations between New Delhi and Washington are on a downturn after US President Donald Trump doubled tariffs on Indian goods to a whopping 50 per cent including a 25 per cent additional duties for India's purchase of Russian crude oil. "Prior to Russia's invasion of Ukraine in February 2022, India virtually bought no Russian was like almost one per cent of their need. The percentage has now gone up to 35 per cent," Navarro told reporters in the US. Navarro's fresh attack on India came three days after he wrote a piece in the Financial Times slamming the country for its procurement of Russian crude oil. He said the argument that India needs Russian oil to meet its energy requirement does not make any sense. They get chip Russian oil and make refined products which they sell at premium prices in Europe, Africa and Asia, he said, adding "it is purely profiteering by the Indian refining industry." "What is the net impact on Americans because of our trade with India? They are Maharaj in tariff. higher non-tariff barriers, massive trade deficit etc and that hurts American workers and American business," he said. The money they get from us, they use it to buy Russian oil which then is processed by their refiners, he said. "The Russians use the money to build arms and kill Ukrainians and Americans tax-payers have to provide more aid and military hardware to Ukrainians. That's insane." "India does not want to recognise its role in the bloodshed," he said, adding India is running a "profiteering" scheme. Though the US imposed an additional 25 per cent tariff on India for its energy ties with Russia, it has not initiated similar actions against China, the largest buyer of Russian crude oil. Defending its purchase of Russian crude oil, India has been maintaining that its energy procurement is driven by national interest and market dynamics. India turned to purchasing Russian oil sold at a discount after Western countries imposed sanctions on Moscow and shunned its supplies over its invasion of Ukraine in February, 2022. Consequently, from a mere 1.7 per cent share in total oil imports in 2019-20, Russia's share increased to 35.1 per cent in 2024-25, and it is now the biggest oil supplier to India. This article was generated from an automated news agency feed without modifications to text.
The Hindu
a few seconds ago
- The Hindu
Avanse Financial raises $200 million via ECB
Avanse Financial Services Ltd., an education-focused non-banking financial company (NBFC) said it has secured a multi-currency syndicated External Commercial Borrowing (ECB) loan equivalent to $200 million. The transaction was jointly led by DBS Bank Ltd through its IFSC banking unit in GIFT City and HSBC India. The syndication attracted participation from prominent banks spanning Taiwan, Japan, Singapore, Sri Lanka, the UAE, and India. It is classified as a social loan as Avanse aims to utilise this fund to enable students from economically weaker sections of society to fulfil their academic aspirations seamlessly. The transaction comprised commitments of $141.3 million and a JPY tranche equivalent to $58.7 million, totalling $200 million equivalent. Amit Gainda, Managing Director & Chief Executive Officer, Avanse Financial Services, said, 'This syndicated social-linked loan facility marks another important milestone in our mission to make education financing seamless and affordable for every deserving Indian student.' 'This multi-currency transaction reaffirms international lenders' confidence in our long-term strategy, purpose-driven mission, and ability to deliver sustainable growth while creating consistent value for all our stakeholders,' he said.
&w=3840&q=100)
Business Standard
a few seconds ago
- Business Standard
S&P sovereign rating upgrade to boost sluggish overseas borrowing
Changed rating expected to make overseas funding cheaper for Indian borrowers Subrata Panda Mumbai Listen to This Article The recent sovereign rating upgrade is expected to boost India Inc's overseas bond fund raising, which has been tepid between April 1 and July 31 in the financial year 2025-26 (FY26). The Indian corporate sector raised only ₹613 crore through overseas bonds, against ₹22,844 crore raised during the same period of FY25, according to data by Prime Database. S&P Global Ratings' upgrade of India's sovereign credit rating to 'BBB' is expected to make overseas funding cheaper for Indian borrowers, thereby giving a boost to overseas bond issuances, said market participants. 'Ideally, the upgrade should help, though some of it was
