Canada welcomes refugees

The following article is based on my own interpretation of the said events and/ or publicly available information. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Anandu S Raj, MBA 2016-18, Vinod Gupta School of Management, IIT Kharagpur

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Donald Trump has banned immigration from seven predominantly Muslim countries in the Middle East and Africa. The new US President has imposed a controversial 90-day ban on travellers from Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen. But on the contrary, the Canadian Prime Minister Justin Trudeau is extending a warm welcome, irrespective of cast creed or race.

Justin Trudeau has a message to all refugees and immigrants. “To those fleeing persecution, terror & war, Canadians will welcome you, regardless of your faith”-the Canadian president tweeted.The refugee protection program of Canada is indeed a great example that all countries can follow. It has two main parts: The Refugee and Humanitarian Resettlement Program, for people seeking protection from outside Canada and the In-Canada Asylum Program for people making refugee protection claims from within Canada. Apart from this, the Canadian government also helps in the successful integration of all refugees.
Since 2015, Canadians have welcomed nearly 40000 refugees and they are expecting an increase in the inflow of refugees in 2017.Th is move is not only on humanitarian consideration but also aimed at higher economic growth through the contribution of refugees to the nation’s development. However, without any doubt, we can say that this great gesture by the Canadians towards the refugees is the truest exemplification of the idea, “Atithi Devo Bhava.”

References
http://www.thejakartapost.com/news/2017/01/30/pm-trudeau-says-canada-welcomes-refugees-.html

http://www.independent.co.uk/news/world/americas/donald-trump-justin-trudeau-canada-immigration-ban-muslim-countries-a7552186.html

http://www.cic.gc.ca/english/refugees/welcome/

Volatile Democracy

The following article is based on my own interpretation of the said events and/ or publicly available information. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Rishita Pramanik, MBA 2016-18, Vinod Gupta School of Management, IIT Kharagpur

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I fail to understand the world these days! At least the democracies. Few months back there was a quote “flaring” the online space. It said, “Countries are in a race to prove themselves idiots. Currently Britain has the lead but America has a  Trump card.” And by all means, it seems that people of USA have played this card.

I do not judge anyone, especially if it’s neither in my right, nor my interest to do so. It was in the right and interest of USA citizens and they gave a judgement which I totally respect. However why is it that these same people who gave their chosen one a marginal victory are now upset if he has disbarred certain people to enter USA albeit having valid VISAs. Surprisingly its similar to what the British did after the Brexit vote!

As per a report, poll found that 41% of American voters disagreed with the recent Muslim ban policy while another 10% were in a dilemma. Four US states are planning to sue the POTUS and there are already talks of his impeachment in the media. I do not intend to argue if this decision is for the good of America or otherwise. What I’m trying to say is that Mr. President had made his intentions crystal clear while he was the president elect nominee then why is the country shocked and surprised at what he has done. He has merely taken his first step towards fulfilling the promises which have made him sit where he currently sits.

And if the people really are feeling resent towards him now, then it’s a question mark on the face of democracy as a system. Election is the base on which democracy stands and if the people send their wit away to graze as they cast their vote, then, well…the Muslim ban seems like the least of all worries!

Why Trump is good

The following article is based on my own interpretation of the said events and/ or publicly available information. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

T R Srinath, MBA 2016-18, Vinod Gupta School of Management, IIT Kharagpur

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A new bill introduced by Democratic Congresswoman Zoe Lofgren proposing changes in the H-1B visa programme seeks to raise the minimum salary under the scheme to $1,30,000 from the current $60,000. The legislation, if passed, could hit Indian and American IT companies which use H-1B visas to hire foreign skilled workers, including Indians.

Even 8th standard social studies textbooks talk about the menace of brain drain. We’ve been taught that brain drain is bad and that the flight of skilled and educated Indians to foreign countries is something that causes harm to the country. Even though they might bring in a little forex, the loss of fine human capital does irreparable harm to the nation’s economy.

That being said, we must welcome this bold move of the Trump government. Nowadays, settling in the US is the only dream of many youngsters. Fantasized by the standard of living in the developed countries, these youngsters dream of settling there. Isn’t that a form of escapism? If your home is dirty, will you abandon it and settle in your neighbour’s house? Or, would you clean it up and live there peacefully? The brave will prefer the latter.

Despite enjoying highly subsidized education at premier institutes like the IITs and IIMs, the talented youth ends up being of little value to the nation’s development. It’s an investment gone waste. If this new policy of Trump can help India retain its skilled workforce in its own land, we can definitely turn India into a place better than the US!

Trump’s refugee ban- Facts vs News

The following article is based on my own interpretation of the said events and/ or publicly available information. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Sanjeevi kumar Uppu, MBA 2016-18, Vinod Gupta School of Management, IIT Kharagpur

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So, what actually Trump did? Did he seriously implement his promised Muslim ban? No. He signed an executive order dominated mainly by refugee restrictions and temporary provisions that are aimed directly at limiting immigration from jihadist conflicted areas.

Let’s analyze the key provisions and get some insights about this.

First, the order temporarily halts refugee admissions for 120 days to improve the immigration process and then caps refugee admissions at 50,000 per year. In 2002, the United States admitted only 27,131 refugees. It admitted fewer than 50,000 in 2003, 2006, and 2007. As for President Obama, his refugee camp from 2013 to 2015 was a mere 70,000, and in 2011 and 2012 he admitted barely more than 50,000 refugees himself. The bottom line is that Trump is improving security screening and intends to admit refugees at close to the average rate of the 15 years before Obama’s dramatic expansion in 2016.

Second, the order imposes a temporary, 90-day ban on people entering the U.S. from Iraq, Syria, Iran, Libya, Somalia, Sudan, and Yemen. These are countries either torn apart by jihadist violence or under the control of hostile, jihadist governments.
To the extent this ban applies to new immigrant and non-immigrant entry, this temporary halt is wise. We know that terrorists are trying to infiltrate the ranks of refugees and other visitors. We know that immigrants from Somalia have launched jihadist attacks at home and have sought to leave the U.S. to join ISIS. The terrible recent track record of completed and attempted terror attacks by Muslim immigrants, it’s clear that Trump’s current approach is inadequate to control the threat. A short-term ban on entry from problematic countries combined with a systematic review of our security procedures is both reasonable and prudent.

However, there are reports that the ban is being applied even to green-card holders. The plain language of the order doesn’t apply to legal permanent residents of the U.S., and green-card holders have been through round after round of vetting and security checks. If the Trump administration continues to apply the order to legal permanent residents, it should indeed be condemned.

 

Jai Hind..!!

 

Roger Federer – peRFection personified!

The following article is based on my own interpretation of the said events and/ or publicly available information. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Himanshi Choudhary, MBA 2016-18, Vinod Gupta School of Management, IIT Kharagpur


 

Fairy tales are for real!

For someone who isn’t even too much into sports, it was an incredible moment, which transcended common logic and belief. On the evening of 29th January, a 35 year-young Roger Federer had just won his 18th Grand Slam at Melbourne, beating his biggest nemesis Rafael Nadal in a thrilling 5-setter. This was an awe-inspiring achievement especially in an individual sport like tennis, where players often reach their twilight years as they touch the age of 30.

For 5 years, millions of his fans have waited with bated breath for No.18 over 5 semi-finals and 3 final Grand Slam appearances. His shot making coupled with magical elegance always gave us that hope even though it seemed irrational. The grace and finesse in his movement on the court have always made us believe that God fabricated him with utmost prudence. Federer spells magic with his Wilson wand every time he’s on the tennis court. No wonder he’s the brand ambassador for brands like Rolex, which positions itself as a luxurious, classy and perfect timekeeper or a Nike which picks out the best athletes in the world of sport. His off-court exploits aren’t few as well. He has his own Roger Federer foundation to help disadvantaged children and to promote their access to education and sports. He was appointed a Goodwill Ambassador for UNICEF in 2006. For a figure, so popular, larger than life, his humility and modesty (a rarity in modern day sport) is a testimony to the kind of human being he is. His peers have voted him Stefan Edberg Sportsmanship Award for a record 12 years.

As with any other player, Federer boasts of a cool, supportive entourage. Outside the sport even, he’s so cool that he has produced 2 sets of adorable identical twins with Mirka, his wife. He is the perfect definition of “perfect”!

“The more you love, the harder you play”

The love for the sport has made him what he is now. It is difficult to imagine the sport without him. It is difficult to stop fangirling over him. It will be difficult to get over him.

Roger Federer is unquestionably the undisputed G.O.A.T. (Greatest Of All Time).

Ban on Immigrants!!!

The following article is based on my own interpretation of the said events and/ or publicly available information. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Jayita De, MBA 2016-18, Vinod Gupta School of Management, IIT Kharagpur

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US president, Donald Trump has recently signed an executive order banning refugees from six countries from 120 days. Ban on Syrian refugees is for indefinite time period. It is not important whether these six countries are Muslim countries or not, it is the question of humanity.

United State of America has always been the favorite destination for immigrants from all over the world. On that context, decision by US President has questioned the existence of all the immigrants in US. Currently, US immigrant population stood at more than 42.4 million or 13.3 percent of the total US population. So, if US continues with this BAN on these seven countries and even adds more countries in the list in future, it will definitely affect US economy.  All the famous US universities offer higher education to the students from all over the world. If this ban continues, the diversification, the unique feature of these universities, will not be there. Not only in the education sector, in the work force also the immigrants play a major role to control the economy.

Mr. Donald Trump defended himself as he wants to erase terrorism from US. But does terrorism belong to any country? The children from these countries could have studied in any of the US universities and could even play a major role to progress US economy. Those children are not at all part of the terrorism, so why they are paying off? Terrorism is a disease that can’t be stopped in this way. Education, economic development can be a remedy of this problem, not a ban on any immigrants will solve it.

The New POTUS

The following article is based on my own interpretation of the said events and/ or publicly available information. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Irfan M A, MBA 2016-18, Vinod Gupta School of Management, IIT Kharagpur

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Trump’s entry into the mainstream politics as the president of the United States, the most powerful chair in the world, has been the most talked about topic these days. Holding a real estate conglomerate, Trump contested the elections through a Republican ticket and his run to the post was full of controversies. His statements regarding religious minorities, ethnic groups and women had irked many. These could be seen as a part of a well defined strategy to instil nationalism in the minds of the American people and has worked extremely well for his campaign. Although there were allegations that Russia has intervened in the election process aiding Trump, a couple of things which worked in his favour were his opponent Hilary Clinton’s leaked email controversy and the fact that she had nothing different from the usual set of politicians whom the people were fed up with. His maiden speech got many by the nerves, mainly Indian IT firms and businesses relying on export to US.

As the new president has taken over, there are many who are looking forward to his reigns favoring the American people on one side and the whole gamble of media and entrepreneurs keenly watching and adapting to his new policies on the other side. At this point in time, the only thing that we can say is that the show has just begun.

 

Trump’s Presidency- Is it the reconstruction or the destruction?

The following article is based on my own interpretation of the said events and/ or publicly available information. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Himanshi Choudhary, MBA 2016-18, Vinod Gupta School of Management, IIT Kharagpur

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Donald Trump took the oath on January 20 becoming the 45th president of the United States. By getting elected as the President of United States, Trump succeeded in defeating Hilary Clinton in US Elections.  Americans have elected its president a person who is a reality television celebrity of dubious morals and questionable business ethics, whose companies have filed for bankruptcy six times and been involved in more than 4,000 lawsuits, and whose campaign policy pronouncement was vague and contradictory.

As of now, it is hard to say what a Trump presidency will mean for the United States, let alone for the rest of the world. He has promised to simplify the complicated US tax code, which he may succeed in doing but in reality tax reform is shorthand for tax cuts, with Trump proposing to lower personal taxes and slashing the US corporate tax rate. He has also promised to ramp up the spending on public infrastructure projects. It’s been estimated that it would drive the US government’s gross debt up from 104 percent of gross domestic product to 140 percent – his fiscal program is likely to prove massively stimulative, pushing up both US economic growth and inflation.

Normally faster US growth would be good news for Asian economies, generating stronger demand for the exports. But one of Trump’s central campaign promises was to boost the income of blue-collar workers by aggressively raising minimum wages. But, this would encourage US companies to move even more operations offshore, very likely to Asia, which would threaten to leave American workers worse rather than better off. To prevent this happening, Trump is proposing to withdraw from the World Trade Organisation, tearing up multilateral trade pacts that have not yet been ratified, such as the Trans-Pacific Partnership, renegotiating deals like the North American Free Trade Agreement, and imposing tariffs – 45 per cent in the case of China – on imports from key trading partners.

All in all, Trump’s action might disrupt the whole trade economy of the world and in some cases might ignite the war too. Under the powers delegated to the president, he will have the legal authority to do all of the above-mentioned changes. But whether he will actually go ahead is far more doubtful and we will know only when the time comes.

 

 

US-China Trade war – China’s defence strategy

The following article is based on my own interpretation of the said events and/ or publicly available information. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Ronak R Choksy, MBA 2016-18, Vinod Gupta School of Management, IIT Kharagpur

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With President Trump entering the White House, concerns over US – China trade war looms over the global economy. Currently, China is US’s largest trading partner and accounts for 21% (~ $350 billion) of US imports. If President Trump were to take the protectionist approach and impose a 35% – 45% tariffs over imported Chinese goods, China might retaliate with its own punitive trade actions. One of the ways in which China could react is by allowing its currency, the renminbi, to free float. In normal circumstances, if the renminbi is depreciating, the central bank would interfere and not allow the renminbi to drop by more than 4%. But People’s Bank of China might consider not interfering and letting their currency depreciate against the USD. This will in turn make the Chinese goods cheaper in the global markets, and this time China cannot be blamed of currency manipulation.

References

http://fortune.com/2016/12/22/donald-trump-china-trade-war

https://www.census.gov/foreign-trade/statistics/highlights/toppartners.html#imports