India This Week~May 23, 2025
India This Week~May 23, 2025
India This Week~May 23, 2025
US President Trump’s 5% Tax on Remittances to Impact Indian Households
US President Trump's proposal to impose a 5% tax on international remittances sent by non-citizens could have a significant impact on Indian households, leading to a reduction in remittance inflows by 10-15%. This could result in an annual shortfall of USD 12-18 billion for India, tightening the availability of US dollars in the foreign exchange market and potentially causing the rupee to depreciate. The Reserve Bank of India may need to intervene more frequently to stabilize the currency, affecting millions of families in states like Kerala, Uttar Pradesh, and Bihar who heavily rely on remittances.
(Source: India This Week, Page 1)
Convicted Serial Killer 'Doctor Death' Arrested in Rajasthan
Convicted serial killer Dr. Devendra Sharma, also known as 'Doctor Death', has been arrested in Rajasthan after being involved in several gruesome crimes targeting taxi and truck drivers. Despite being convicted in multiple cases, including receiving the death penalty in one, Sharma continued his criminal activities for over two decades. His arrest sheds light on his involvement in illegal activities such as an illegal kidney transplant racket and the murder of drivers, impacting the community and law enforcement efforts.
(Source: India This Week, Page 1)
US Imposes Visa Restrictions on Indian Travel Agencies Facilitating 'Illegal Immigration'
The United States has imposed visa restrictions on owners, executives, and senior officials of Indian travel agencies accused of knowingly facilitating illegal immigration to the US. The move aims to target individuals involved in human smuggling and trafficking, part of a broader immigration strategy to raise awareness about the dangers of illegal immigration and hold violators accountable. This action comes amidst ongoing debates about US border security and recent criticisms of immigration policies by former officials.
(Source: India This Week, Page 2)
