US Supreme Court lets Trump revoke humanitarian legal status for migrants
The court put on hold Boston-based U.S. District Judge Indira Talwani's order halting the administration's move to end the immigration "parole" granted to 532,000 of these migrants by Trump's predecessor Joe Biden, potentially exposing many of them to rapid removal, while the case plays out in lower courts.
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Time of India
12 minutes ago
- Time of India
'Unjustifiably low' satcom spectrum price, says COAI
India's top telcos have slammed the satcom recommendations from the telecom regulator, terming the spectrum price as 'unjustifiably low' and said that the proposals are based on "incorrect assumptions" and are "non-transparent".In their first reaction to the recommendations given by Telecom Regulatory Authority of India (Trai) last month, all three bitter rival operators have closed ranks and said that if implemented in the current form, the regulator's satcom suggestions would create a non-level playing field and impact the sustainability of terrestrial services. In a strongly worded joint letter through the Cellular Operators Association of India ( COAI ) to various government authorities, seen by ET, the carriers highlighted data and said the planned capacity of Elon Musk-owned Starlink and Jeff Bezos led-Amazon Kuiper are set to surpass the current capacity of Reliance Jio, Bharti Airtel and Vodafone Idea. "These recommendations are non-transparent based on non-justifiable assumption rather than factual data," the telcos said in the letter, marked to Trai, Department of Telecommunications (DoT), Finance Ministry, Commerce ministry, Ministry of Electronics and IT (Meity) and Niti Aayog etc. The operators have said the proposed spectrum charges are even lower than the administrative fees currently levied on GSO-based VSAT services-which do not compete with terrestrial networks. "It appears that Trai has underestimated the potential capacities of satellite network while possibly overstating those of terrestrial networks that have resulted in a flawed foundation for the entire exercise," the letter said, adding this fundamental flaw in the capacity assumptions exercise undermines the DoT's clear mandate to ensure competitive parity between satellite and terrestrial services. Trai had recommended the administrative allocation of satcom spectrum for a fee pegged at 4% of adjusted gross revenue (AGR) to be assigned for five years. There won't be any upfront fee for getting spectrum. Trai chairman AK Lahoti had categorically rejected the level-playing field argument by telcos, stating that the two technologies were different and that satellites could only be complementary. "It's not factually correct that satcom services are competing with terrestrial services because there is a huge difference between the capacity of the terrestrial network and the satellite network," he had said while releasing the recommendations. The telcos, however, feel the entire exercise was flawed as it was based on incorrect assumptions. "Despite a clear mandate from DoT, Trai's consultation process and final recommendations do not appear to address the core issue of competitive parity which shows a misalignment between the intent of DoT references and Trai's approach during the consultation process," the telcos said. The additional proposal by Trai to subsidise user terminals or satellite operators through the Digital Bharat Nidhi (DBN) fund further tilts the level playing field against the terrestrial operator, especially given that a majority of the DBN levy is contributed by telcos.
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First Post
13 minutes ago
- First Post
From Taco to Mega, what are the Trump acronyms becoming a huge hit on Wall Steet?
Donald Trump's love for coming up with slogans and snappy acronyms has made him popular on the Wall Street. Now, investors have gone a step further and created their own acronyms, some which may not sit well with the US president read more The Wall Street has come up with several acronyms for Donald Trump. File image/AP Four months into President Donald Trump's second term, market observers have taken a cue from his fondness for condensing slogans into catchy acronyms like Maga, Doge and Maha, and devised a few of their own that have been spreading across trading desks. Even those acronyms that do not directly reflect a specific trading strategy, still capture factors that traders say are important in Trump-era markets, such as volatility and uncertainty, that investors need to consider when making decisions. STORY CONTINUES BELOW THIS AD Some of the new labels are associated with investment strategies that aimed to capitalise on Trump's economic and trade policies and international relations goals. Others riff off economic implications or his abrupt U-turns as markets and trade partners react to his proposals. The 'Trump Trade' that played on the Make America Great Again theme in the wake of his November election victory and January inauguration, and contributed to record highs on Wall Street in February, is hardly discussed now that stocks, the dollar and Treasury bonds have succumbed to worries about his tariff policies. 'Post the election, we heard a lot about Yolo (You Only Live Once), which seemed to promote taking outsize risks in a concentrated investment theme,' Art Hogan, strategist at B. Riley Wealth, said. Yolo, is an acronym used to describe the tendency that was part of the Trump trade to chase high-momentum strategies such as cryptocurrency. 'While the term Yolo was popular for a period of time, it goes against all traditional advice,' Hogan said. Here are a few more acronyms that have gotten play in the investment world in recent weeks: STORY CONTINUES BELOW THIS AD Taco (Trump Always Chickens Out) This one, coined by a Financial Times columnist, has been used as a way to describe Trump's to-ing and fro-ing on tariffs in the wake of his April 2 'Liberation Day' speech. When asked about Taco in a recent press conference , the president lashed out, calling the question 'nasty' 'Where we end up might not be too far from what he promised on the campaign trail. So, does he always chicken out? I wouldn't go as far as to say that,' said Christian DiClementi, fixed income portfolio manager at AllianceBernstein. 'I think that he wants to rebalance the economy without pushing it off a cliff. And we're watching that being executed in real-time. I think some of the ideas are thought out and some of them change on the fly.' Yolo, is an acronym used to describe the tendency that was part of the Trump trade to chase high-momentum strategies such as cryptocurrency. File image/AP Mega (Make Europe Great Again) Mega first coined last year to address European competitiveness, resurfaced this Spring as a way to describe the flurry of investor interest in and flows into European markets. Mega hats, spoofing their Maga counterparts, are easily purchased online It's been revived by investors and traders in light of the outperformance of European stocks in the immediate aftermath of Trump's 'Liberation Day' tariffs bombshell. Maga (Make America Go Away) While the original Trump Trade was also known as the Maga trade, this variation cribbed the president's motto, first appearing in response to Vice President JD Vance's brief and unfruitful visit to , which Trump has expressed interest in annexing. At least one Canadian investor says that quip is making the rounds of trading desks in Toronto and Montreal and sparking 'wishful thinking' about simply boycotting US investments. During his election campaign, one of the many promises were to 'Make America Great Again'. File image/AFP Fafo (F**k Around and Find Out) Although the acronym also came into being well before Trump's inauguration, it is being heard with increasing frequency in trading desk conversations. It is used to capture the financial market's volatility and chaos that Trump's policy-making process has created. Mark Spindel, chief investment officer of Potomac River Capital LLC, described the market as being caught in a 'pinball machine as a result of that policy-making process.' When reached for comment, White House spokesman Kush Desai said in an email 'these asinine acronyms convey how unserious analysts have consistently beclowned themselves by mocking President Trump and his agenda that have already delivered multiple expectation-beating jobs and inflation reports, trillions in investment commitments, a historic UK trade agreement and rising consumer confidence.'
Time of India
14 minutes ago
- Time of India
Rising costs and visa hurdles push international students beyond the US,UK
The United States , long seen as the leading destination for international students , is facing increasing uncertainty. Tightening immigration laws, unpredictable visa rules, and rising tuition costs have made many students reconsider the value of studying there, according to a report by The Times of India. A notable example came when the Trump administration moved to revoke Harvard University 's license to host foreign students. Although courts blocked the move, the incident raised concerns about the country's reliability as an academic host. According to the US State Department, 1.12 million international students in the country contribute over $50 billion to the economy. But funding cuts to universities and tuition fees crossing $100,000 have started to weaken the country's academic appeal. Similar trends are emerging in other English-speaking countries. In the UK , the government is reportedly considering reducing the post-study work visa from two years to 18 months. Restrictions introduced in 2024 also prevent most graduate students from bringing dependents, as reported by Times Higher Education . Canada , which once welcomed international students in large numbers, has now placed a two-year limit on new enrolments. ICEF Monitor notes that foreign students previously made up 2.5% of the Canadian population. Australia has also imposed enrolment caps, raised visa fees, and increased oversight, with Reuters attributing these moves to domestic political pressure. While traditional destinations impose new limits, several countries are positioning themselves as alternatives. These include nations that are facing ageing populations and shrinking youth numbers. (Join our ETNRI WhatsApp channel for all the latest updates) Japan, where the population of 18-year-olds has nearly halved in 30 years, aims to host 400,000 international students by 2033, according to The Hechinger Report. South Korea is targeting 300,000 students by 2027, with one in five people already over the age of 65, CNN reports. Singapore has relaxed permanent residency rules for foreign graduates. Hong Kong, Taiwan, and Malaysia are also expanding their reach in the international education market. Live Events You Might Also Like: Trump administration gives Harvard 30 days to defend foreign student program certification India has announced plans to attract 500,000 foreign students by 2047. With its growing education system and widespread English instruction, the country is seeking to become a serious destination for international education. Several European countries are seeing a rise in international enrolments as well. Germany and Spain recently hit record numbers. Though English-language programs remain limited, lower tuition fees are drawing interest. For example, Japan's average annual tuition is about $4,000. Some US universities are now opening campuses abroad to bypass immigration hurdles. Other institutions are stepping in to fill gaps. The Hong Kong University of Science and Technology recently announced plans to admit students affected by US visa uncertainties. "The university will provide unconditional offers, streamlined admission procedures, and academic support to facilitate a seamless transition for interested students," the institution stated on its website. You Might Also Like: Global universities step in as US cracks down on foreign students These developments suggest a shift toward a more distributed and competitive global education system . While the US, UK, and Australia remain influential, they no longer dominate. With global politics and demographics in flux, students are now choosing based on visa policies , costs, and career prospects as much as academic prestige. The global education landscape is undergoing change, and new players are emerging with long-term strategies to attract international talent.
