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<ul><li>According to the bill, Indians should not exceed 15 per cent of <keyword id="6387116" type="LOCATION" weightage="20" keywordseo="kuwait">Kuwait</keyword>'s population.</li><li> This could result in 800,000 Indians leaving Kuwait, as the Indian community constitutes the largest expat community in the country, totalling 1.45 million, the Gulf News reported, citing a leading Kuwaiti newspaper.</li><li>The current population of Kuwait is 4.3 million, with Kuwaitis making up 1.3 million of the population, and expats accounting for 3 million. </li></ul> Some 8 lakh Indians could be forced to leave Kuwait after a parliamentary committee approved a <keyword id="9523020" type="UNKNOWN" weightage="20" keywordseo="draft-expat-quota-bill">draft expat quota bill</keyword> seeking to gradually slash the number of foreign workers in the <keyword id="1628609" type="PERSON" weightage="20" keywordseo="Gulf-country">Gulf country</keyword>, according to media reports. The National Assembly's legal and legislative committee has determined that the expat quota bill is constitutional. According to the bill, Indians should not exceed 15 per cent of Kuwait's population. This could result in 800,000 Indians leaving Kuwait, as the Indian community constitutes the largest expat community in the country, totalling 1.45 million, the Gulf News reported, citing a leading Kuwaiti newspaper. The current population of Kuwait is 4.3 million, with Kuwaitis making up 1.3 million of the population, and expats accounting for 3 million. Amid a slump in oil prices and the coronavirus pandemic, there has been a spike in anti-expat rhetoric as lawmakers and government officials call for reducing the number of foreigners in Kuwait. Last month, Kuwait's Prime Minister Sheikh Sabah Al Khalid Al Sabah proposed reducing the number of expats from 70 per cent to 30 per cent of the population, the report said. Assembly Speaker Marzouq Al-Ghanem told Kuwait TV that he and a group of lawmakers will submit to the Assembly a comprehensive draft law calling for a gradual reduction of expats in Kuwait. Kuwait has a real problem in its population structure, in which 70 per cent are expats, the Speaker said, adding that what is more serious is that 1.3 million of the 3.35 million expats "are either illiterate or can merely read and write", the people Kuwait does not really need, <keyword id="9525642" type="COMPANY" weightage="20" keywordseo="the-kuwait-times">the Kuwait Times</keyword> reported. "I understand that we recruit doctors and skilled manpower and not unskilled laborers. This is an indication that there is a distortion. Visa traders have contributed in increasing this figure," Ghanem said. The Speaker said the draft law they intend to file will propose to impose a cap on the number of expats, whose numbers must decrease gradually by stating that this year expats will be 70 per cent, next year 65 per cent and so on, the report said. The expat quota bill will now be referred to the concerned committee for consideration. It states that the Indian expatriate community should not exceed 15 per cent of the national population, which means around 800,000 of them might be required to leave Kuwait, <keyword id="9525643" type="COMPANY" weightage="20" keywordseo="the-arab-news">the Arab News</keyword> reported. According to the Indian embassy in Kuwait, there are about 28,000 Indians working for <keyword id="9525644" type="COMPANY" weightage="20" keywordseo="the-kuwaiti-government">the Kuwaiti Government</keyword> in various jobs like nurses, engineers in national oil companies and a few as scientists. The majority of Indians (5.23 Lakh) are deployed in private sectors. In addition, there are about 1.16 lakh dependents. Out of these, there are about 60,000 Indian students studying in 23 Indian schools in the country. The bill will now be transferred to the respective committee so that a comprehensive plan is created. It proposes similar quotas for other nationalities. Kuwait is a top source of remittances for India. In 2018, India received nearly USD 4.8 billion from Kuwait as remittances. Foreigners have accounted for the majority of Kuwait's COVID-19 cases as the disease spread among migrant workers living in overcrowded housing. According to latest data from Johns Hopkins University, more than 49,000 cases of coronavirus have been reported in Kuwait. Globally, more than 5 lakh people have died and over 11 million have been infected by COVID-19. SEE ALSO: <a href="https://www.businessinsider.in/international/news/india-just-surpassed-russia-to-become-the-country-with-the-3rd-highest-number-of-coronavirus-infections/articleshow/76804658.cms">India just surpassed Russia to become the country with the 3rd-highest number of coronavirus infections</a> <a href="https://www.businessinsider.in/tech/news/india-vice-president-launches-a-social-media-super-app-elyments-which-will-take-on-facebook-instagram-and-whatsapp/articleshow/76796178.cms">India’s Vice President launches a social media super app Elyments, which will take on Facebook, Instagram and WhatsApp</a> <a href="https://www.businessinsider.in/tech/news/intel-will-speed-up-mukesh-ambanis-5g-run-power-him-with-ai-and-possibly-a-jio-laptop/articleshow/76780290.cms">Intel will speed up Mukesh Ambani’s 5G run, power him with AI and possibly a Jio laptop⁠— all in return for massive amount of data</a>

800,000 Indians may be forced to leave Kuwait after the Gulf country approves expat quota bill

Late last year, my wife and I closed on a deal for an apartment in a hilltop town in Umbria. Soon after, I posted a question for my fellow participants in a Facebook group called Expats in Italy: "Is it just my imagination, but is there an uptick in Americans, in particular, looking to purchase property in Italy?" As the responses poured in, many of them sounded a distinct thematic note.From a woman in Montana who was planning to move to Tuscany: "Yes, it's true! I bought a hilltop village home … for a song compared to US prices. Don't want to be in US anymore. It's expensive and sick of all the political crap and shootings." From a woman in Texas: "An insurrection by a narcissist who couldn't accept election loss combined with his gun and abortion policies made moving more of a necessity than just a dream." From a man in Tennessee: "I'm an American ready to flee America for Italy. I doubt I'm alone."Not alone, indeed. Granted, my unscientific survey was limited to a self-selected group of people with a declared fancy for one particular foreign country renowned for its artistic and cultural treasures, scrumptious cuisine, and exquisite landscapes. Still, it was striking that the specter of <a target="_blank" href="https://www.businessinsider.com/trumps-brags-sexy-thrifty-fussy-are-hush-money-evidence-da-2024-3">Donald Trump</a> — a looming shadow I hadn't even mentioned in my question — was on so many minds.Every four years, as Americans gird themselves to choose a president, there's talk, mainly among Democrats, of leaving the country. I'm off for Canada if unacceptable candidate X wins! And every four years, the promised exodus fails to materialize. It's mostly just therapeutic venting. This time is different.The alarm over Trump's potential triumph in November is far starker than the fears stoked by past presidents. "A Trump dictatorship is increasingly inevitable," a recent Washington Post headline warned. The Atlantic devoted an entire issue to the authoritarian horrors in store for America "If Trump Wins." Every four years or so, Gallup asks Americans ages 15 and up: "Ideally, if you had the opportunity, would you like to move PERMANENTLY to another country?" At the end of George W. Bush's presidency, the number responding "yes" was 11%. During <a target="_blank" href="https://www.businessinsider.com/barack-obama-michelle-obama-net-worth-2018-7">Barack Obama's tenure</a>, it was 10%. During Trump's presidency, it hit 16%. That's some 40 million Americans who wanted to leave their country behind, for good.Young people are even more likely to be hopeful expats. Among those under 30, 24% wanted to leave America at the close of Bush's tenure, 18% during Obama's, and 30% during Trump's. As with all things Trump, there was a sharp gender divide: Only 20% of young men wanted to flee America, compared to a whopping 40% of young women.Americans already living overseas are bracing for a wave of new expats. "There will be more people moving abroad after the election if it is Trump," said Doris Speer, the president of the Association of Americans Resident Overseas, a nonpartisan group based in Paris. Stressing that she was expressing her own views, not those of her organization, Speer emphasized that Trump is far from the only reason Americans are eyeing the exits. That's true: Housing prices in America are high, remote work is allowing for unprecedented mobility, and global respect for the United States has been eroding for decades, dating back to the war in Iraq. Fewer and fewer Americans, pollsters have found, believe "the American Dream — that if you work hard you'll get ahead — still holds true." In 2012, it was 53%. By October 2023, it was down to 36%.A second <a target="_blank" href="https://www.businessinsider.com/category/donald-trump">Trump</a> presidency, Speer said, could serve as a "catalyst" that further fuels the growing diaspora of Americans living in exile. After November, Europe could well become what Canada was for draft dodgers during the Vietnam War: a political asylum for Americans fed up with their own country. Call them Trump's Exiles.For those casting a worried eye abroad, the economic draw is not insignificant. When I was looking to buy an apartment in Umbria, in central Italy, I found that prices for turnkey places were about a third of the price of condos in Sedona, Arizona. Property taxes and homeowners insurance are also relatively modest in Italy. Gas is more expensive, but the mouthwatering fare at local restaurants — wild-boar ragù, anyone? — is way cheaper. Politics aside, the dollars-and-cents pull to leave America is strong.But a rising tide of conservatism at home is clearly driving more Americans to consider a move abroad. The <a target="_blank" href="https://www.businessinsider.com/scotus-rules-trump-eligibility-campaign-president-colorado-super-tuesday-2024-3">Supreme Court's</a> decision to overturn Roe v. Wade — one of Trump's signature accomplishments — has aroused widespread anger and discontent. But while America is cracking down on reproductive rights, Europe is expanding them. Abortion is now permitted in nearly all European countries, including Catholic countries such as Portugal, Spain, and Italy. Prompted by tightening US policies, France just enshrined the right to abortion in its constitution — the first country ever to take that landmark step.Americans are also sickened by the never-ending rash of horrific school shootings, despite majority support for gun control. From the United Kingdom to Norway, gun-ownership laws are much stricter than in the United States, which is home to nearly half of the world's civilian-owned guns. All of which makes it no surprise that Democrats are far more likely to flee America than Republicans. Since 2015, Democrats Abroad, the foreign-based arm of the Democratic National Committee, has nearly tripled its membership, which now numbers in the hundreds of thousands. "When we do voter registration, we register everybody," Martha McDevitt-Pugh, the international chair of Democrats Abroad, told me on a Zoom call from her base in the Netherlands. "And we come overwhelmingly across Democrats who want to vote." Hollywood is further stoking a seductive image of expat life. Netflix's smash hit "Emily in Paris" — an inspiration for a new generation of American Francophiles, heirs to the likes of Ernest Hemingway and James Baldwin — is now shooting its fourth season. Leggett International, a real-estate agency based in France, hosts webinars targeting prospective US buyers, who comprise the largest share of its foreign clientele. In "Expats," the new Amazon Prime series set in Hong Kong, Nicole Kidman's character, in the throes of a bedroom frolic with her husband, asks: "Don't you ever miss it, home?" He energetically replies: "I like my life here." Then there's the growing trend of "digital nomads," who reject the antiquated concept of a fixed office in a post-COVID world. By one estimate, there are already some 17 million Americans roaming the globe — nearly half of all digital nomads worldwide. In the age of remote work, young people without enough savings or the credit to purchase foreign property suddenly find themselves able to pack up and leave America. And those who may depart in the wake of a second <a target="_blank" href="https://www.businessinsider.com/trump-met-with-elon-musk-for-potential-campaign-donation-nyt-2024-3">Trump</a> presidency can enjoy another benefit of life abroad. The website <a target="_blank" href="http://NomadList.com">NomadList.com</a> helpfully informs remote workers that there are now 429 cities where marijuana is legal, from Bangkok to Buenos Aires.In fairness, those who flee America to escape MAGA may find themselves confronted by a host of unpleasant surprises. The headaches start with the red tape. On any given day, my Expats in Italy Facebook group teems with the sort of questions that can drive a novice foreign-property owner batty. Why won't my Italian utility company let me pay my bill with a US credit card? (Answer: Because it won't.) Property bidders must have their offers officially registered with the local municipality and verified by the godlike person known as the "notaio," an official of ancient standing who drafts and authenticates the raft of documents for a fair-size fee. Then there are the tax-reporting requirements. In 2010, Congress enacted the Foreign Account Tax Compliance Act, which was designed to keep wealthy Americans with substantial foreign assets from evading their tax obligations. But as often happens with such laws, it's not just bank executives with villas on the Côte d'Azur who have been swept up in the enforcement net. Under <a target="_blank" href="https://www.businessinsider.com/irs-free-tax-filing-tool-eligible-states-2024-2">IRS rules</a>, a taxpayer with aggregate financial assets of just over $50,000 can be subject to reporting requirements. American Citizens Abroad, an expat lobbying group, is pushing to ease the compliance burdens, so far without luck.American expats can also face a political backlash. In Portugal, which has attracted a sizable contingent of Californians, local activists have taken to the streets to protest increases in rent that they blame on the influx of foreigners. "Welcome to Portugal, the new expat haven," read a headline in The Los Angeles Times on the invasion of Golden Staters. "Californians, please go home."John Galey, a semiretired management consultant in California, is moving in the opposite direction. With his passion for Italy, especially its wines, he has visited the country more than a dozen times, and he has long considered owning property there. In a recent email, he told me that his "planning and research would accelerate if Trump wins in November." Even as a self-described "political centrist," he believes that "the consequences of a 'retribution presidency' (plus the ensuing chaos) could be dire for the country."I can see his point. My wife and I are both Trump decriers, although we didn't begin our Italy property search to find a refuge from MAGA-infused America. But now that we own a place, we see it as something of a respite from Trumpland. And we are learning Italian.<a target="_blank" href="https://www.businessinsider.com/author/paul-starobin">Paul Starobin</a> is the author of "<a target="_blank" href="https://globalreports.columbia.edu/books/putins-exiles/">Putin's Exiles: Their Fight for a Better Russia</a>," and the host of the "<a target="_blank" href="https://newbooksnetwork.com/category/academic-partners/america-and-beyond-with-paul-starobin">American and Beyond</a>" podcast on the New Books Network.

If Trump is reelected, Americans are planning to flee in droves

<ul class="summary-list"><li><keyword id="3658" type="COUNTRY" weightage="60" keywordseo="India">India</keyword> is taking a leaf from <keyword id="1334" type="COUNTRY" weightage="60" keywordseo="China">China</keyword>'s <keyword id="48933" type="PERSON" weightage="60" keywordseo="population">population</keyword> playbook with a proposed two-child policy in two states.</li><li>The two-child policy in Uttar Pradesh would give cash benefits to couples who opt for voluntary sterilization.</li><li>Meanwhile, those who choose to have more than two kids could have their government subsidies taken away.</li></ul>On <a href="https://www.un.org/en/observances/world-population-day">World Population Day</a> on July 11, India proposed a series of fresh population control measures reminiscent of China's two-child policy.The slate of proposed measures was announced in two states - <a href="https://www.hindustantimes.com/india-news/up-law-panel-proposes-two-child-population-policy-all-you-need-to-know-101625905036415.html">Uttar Pradesh</a>, the most populous state in India that is <a href="https://www.populationu.com/in/uttar-pradesh-population">home to more than 240 million people</a>, and Assam, in northeastern India.While the country has not yet adopted China's now-overturned policy of <a href="https://www.globaltimes.cn/page/202012/1210955.shtml">fining couples for having more than two children</a>, these statewide proposals are an attempt to control its fast-increasing population numbers. India is currently expected to overtake China as the world's most populous country by 2027, per a <a href="https://population.un.org/wpp/Publications/Files/WPP2019_Highlights.pdf">2019 UN report.</a> <a href="https://www.unicef.org/india/key-data#:~:text=With%20the%20birth%20of%2025,first%2024%20hours%20after%20birth.">UNICEF</a> estimates that around 25 million children are born every year in India, accounting for a fifth of the world's annual births.And much of this booming population growth is happening in Uttar Pradesh, which - if it were considered a country - would be the world's fifth-largest nation, <a href="https://www.census.gov/popclock/print.php?component=counter">just behind the US and Indonesia</a>. Uttar Pradesh's proposed new approach to managing its population <a href="https://www.firstpost.com/india/yogi-adityanath-releases-uttar-pradeshs-new-population-policy-for-2021-2030-9796391.html">will span the next decade</a>. Titled the <a href="https://www.firstpost.com/india/uttar-pradesh-govt-to-release-new-population-policy-for-2021-2030-today-9795811.html">"New Population Policy,"</a> the proposed <a href="https://www.firstpost.com/india/no-govt-job-no-subsidies-for-those-with-more-than-two-kids-says-up-govts-draft-population-control-law-9793891.html">measures</a> would reward those who stick to having two kids, and punish those who have more than two.Most drastically, Uttar Pradesh's <a href="https://www.livelaw.in/pdf_upload/up-population-control-bill-draft-396420.pdf">draft bill on population management</a> states that couples with two children who opt for voluntary sterilization would get incentives. If one member of the couple goes under the knife for voluntary sterilization, the family could get a range of benefits including tax rebates, subsidies for home purchases, and receiving cash back on their power and utility bills.At the same time, the proposed Uttar Pradesh policy regulations would bar those who have more than two children from receiving any government subsidies, applying for jobs in the local government, and running for political office in local elections, per the <a href="https://timesofindia.indiatimes.com/india/explained-what-is-uttar-pradeshs-population-draft-bill/articleshow/84318025.cms">Times of India</a>."Increasing population is the root of major problems including inequality prevailing in the society. Population control is the primary condition for the establishment of an advanced society," wrote Uttar Pradesh chief minister Yogi Adityanath on <a href="https://twitter.com/myogiadityanath/status/1414023266323165186?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1414023266323165186%7Ctwgr%5E%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.firstpost.com%2Findia%2Futtar-pradesh-govt-to-release-new-population-policy-for-2021-2030-today-9795811.htmlhtml">Twitter</a> on July 11."Let us on World Population Day take a pledge to make ourselves and the society aware of the problems arising from the increasing population," he added. The draft bill on population control in Uttar Pradesh is currently open for public consultation <a href="https://www.thehindu.com/news/national/other-states/up-law-panel-moots-proposals-to-promote-two-child-norm/article35251590.ece">until July 19</a>. From there, the bill will be <a href="https://accountabilityindia.in/blog/the-process-of-lawmaking-in-india/">moved to the Uttar Pradesh legislative assembly to be read and debated</a> before it can be written into law. In <a href="https://www.census2011.co.in/census/state/assam.html">Assam</a>, where 36 million people live, the state's chief minister Himanta Biswa Sarma <a href="https://www.newindianexpress.com/nation/2021/jul/05/assam-to-form-sub-groups-to-contain-its-population-2325548.html">announced</a> on Sunday that a "population stabilization" roadmap will be developed by the state government. Sarma <a href="https://www.hindustantimes.com/india-news/assam-cm-meets-muslimteam-on-population-control-101625425324376.html">earlier hinted on June 18</a> that he would introduce plans to make having two children the norm, by withholding subsidies and other benefits to those who choose to have more than two kids. Assam in 2016 recorded a fertility rate of 2.3 children per family, per <a href="http://niti.gov.in/content/total-fertility-rate-tfr-birth-woman">statistics from the Indian government</a>."Population explosion in some parts of Assam has posed a real threat to the development of the state," Sarma said on Sunday to the <a href="https://www.hindustantimes.com/india-news/what-is-two-child-policy-what-assam-and-uttar-pradesh-have-proposed-101625911705691.html">Hindustan Times</a>.India's population control plans come just as China relaxes its two-child limit.On May 31, China <a href="https://www.insider.com/china-3-child-policy-combat-aging-population-2021-5">announced a landmark policy shift to allow couples to have three children</a> in an attempt at <a href="https://www.insider.com/chinas-3-child-policy-wont-work-heres-why-2021-6">raising its flagging birth rate</a>. The change comes five years after the country's 2016 decision to <a href="https://www.investopedia.com/articles/investing/120114/understanding-chinas-one-child-policy.asp#:~:text=History%20of%20China's%20One%2DChild%20Policy,-Increased%20Population%20Growth&amp;text=Chinese%20leader%20Deng%20Xiaoping%20introduced,Republic%20of%20China%20in%201949.%201949.">scrap its one-child policy</a> and raise the quota to two-kids-per-family.

India is proposing a 2-child policy to keep its population under control, and it includes cash benefits for couples who opt for voluntary sterilization

<ul><li><keyword id="7922409" type="General" weightage="20" keywordseo="lic-ipo" source="Orion">LIC IPO</keyword> is all set to open its IPO next week and is expected to raise around ₹21,000 crore.</li><li>The government is selling 22.13 crore shares in the life insurance behemoth.</li><li>The life insurance company will open its IPO on May 4 and close on May 9.</li></ul>Finally, the most awaited initial pub<keyword id="6367143" type="General" weightage="100" keywordseo="lic" source="Orion">lic</keyword> offering (IPO) of state-owned insurance behemoth Life Insurance Corporation of India (LIC) announced that its public issue is opening next week from May 4 and closing on May 9. The price band is fixed at ₹902-₹949. The government is selling 22.13 crore shares in the company, which has been cut down from 31 crore equity shares it confirmed in the draft red herring prospectus (DHRP) in February. The unexpected Russia-Ukraine conflict, which triggered one of the huge market crashes led to the delay in the IPO. The red herring prospectus (RHP) that came out today states that a special discount of ₹45 is being offered to retail investors and employees of LIC. And a discount of ₹60 per share is being offered to about 30 crore policyholders associated with the life insurer. For application under policyholder quota, one should have a demat account and the PAN number should be linked with the policy. Meanwhile, shares of the company are already demanding a premium of ₹25 per share in the grey market. While LIC is still the biggest IPO in the history of the stock market, its <a href="https://www.businessinsider.in/stock-market/news/lic-ipo-reportedly-plans-to-raise-21000-crore-by-selling-around-22-crore-shares/slidelist/91115661.cms">issue size is close </a>to that of Paytm, the second largest issue ever. <div type="javascript" title="Custom" contenttype="Image"><cdata><![CDATA[]]></cdata></div> LIC has the largest individual agent network of 8.96 lakh, which dropped from 10.86 lakh as of March 31, 2021. However, things have changed in the last few years because of the pandemic. While individual agents bring 96% of new business premiums to the life insurer, many of them are no longer working for the company. Here are some important dates of the IPO: <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9375pt;border-right:solid #000000 0.9375pt;border-bottom:solid #000000 0.9375pt;border-top:solid #000000 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Issue details </td><td style="border-left:solid #000000 0.9375pt;border-right:solid #000000 0.9375pt;border-bottom:solid #000000 0.9375pt;border-top:solid #000000 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;"> </td></tr><tr><td style="border-left:solid #000000 0.9375pt;border-right:solid #000000 0.9375pt;border-bottom:solid #000000 0.9375pt;border-top:solid #000000 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Price band </td><td style="border-left:solid #000000 0.9375pt;border-right:solid #000000 0.9375pt;border-bottom:solid #000000 0.9375pt;border-top:solid #000000 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹902 to ₹949 </td></tr><tr><td style="border-left:solid #000000 0.9375pt;border-right:solid #000000 0.9375pt;border-bottom:solid #000000 0.9375pt;border-top:solid #000000 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO open date </td><td style="border-left:solid #000000 0.9375pt;border-right:solid #000000 0.9375pt;border-bottom:solid #000000 0.9375pt;border-top:solid #000000 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">May 4 </td></tr><tr><td style="border-left:solid #000000 0.9375pt;border-right:solid #000000 0.9375pt;border-bottom:solid #000000 0.9375pt;border-top:solid #000000 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO close date </td><td style="border-left:solid #000000 0.9375pt;border-right:solid #000000 0.9375pt;border-bottom:solid #000000 0.9375pt;border-top:solid #000000 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">May 9 </td></tr><tr><td style="border-left:solid #000000 0.9375pt;border-right:solid #000000 0.9375pt;border-bottom:solid #000000 0.9375pt;border-top:solid #000000 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Allotment date </td><td style="border-left:solid #000000 0.9375pt;border-right:solid #000000 0.9375pt;border-bottom:solid #000000 0.9375pt;border-top:solid #000000 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">May 12 </td></tr><tr><td style="border-left:solid #000000 0.9375pt;border-right:solid #000000 0.9375pt;border-bottom:solid #000000 0.9375pt;border-top:solid #000000 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Initiation of refunds </td><td style="border-left:solid #000000 0.9375pt;border-right:solid #000000 0.9375pt;border-bottom:solid #000000 0.9375pt;border-top:solid #000000 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">May 13 </td></tr><tr><td style="border-left:solid #000000 0.9375pt;border-right:solid #000000 0.9375pt;border-bottom:solid #000000 0.9375pt;border-top:solid #000000 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Credit of shares to demat account </td><td style="border-left:solid #000000 0.9375pt;border-right:solid #000000 0.9375pt;border-bottom:solid #000000 0.9375pt;border-top:solid #000000 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">May 16 </td></tr><tr><td style="border-left:solid #000000 0.9375pt;border-right:solid #000000 0.9375pt;border-bottom:solid #000000 0.9375pt;border-top:solid #000000 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO listing date </td><td style="border-left:solid #000000 0.9375pt;border-right:solid #000000 0.9375pt;border-bottom:solid #000000 0.9375pt;border-top:solid #000000 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">May 17 </td></tr><tr><td style="border-left:solid #000000 0.9375pt;border-right:solid #000000 0.9375pt;border-bottom:solid #000000 0.9375pt;border-top:solid #000000 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Minimum lot </td><td style="border-left:solid #000000 0.9375pt;border-right:solid #000000 0.9375pt;border-bottom:solid #000000 0.9375pt;border-top:solid #000000 0.9375pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">15 </td></tr></tbody><tbody></tbody><tbody></tbody></table> SEE ALSO: <a 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LIC IPO: Price band, important dates, GMP and all you need to know

<ul class="summary-list"><li>President <keyword id="6354484" type="PERSON" weightage="60" keywordseo="Donald-Trump">Donald Trump</keyword> signed an executive order on policing Tuesday that's primarily concerned with avoiding the demonization of <keyword id="11098" type="ORGANIZATION" weightage="60" keywordseo="police">police</keyword>. </li><li>The executive order is meant to respond to nationwide protests over <keyword id="53374" type="PERSON" weightage="60" keywordseo="Police-Brutality">police brutality</keyword> and racism and comes as Trump's polling numbers are rapidly tanking.</li><li>But it's low on substance and doesn't go nearly as far as other proposals regarding policing in the US from activists and lawmakers.</li><li>As Trump announced the executive order at the White House on Tuesday, he showered law enforcement with praise. </li><li>"Without police, there is chaos," Trump said. "The vast majority of police officers are selfless and courageous public servants."</li></ul>President Donald Trump on Tuesday signed an executive order on policing that does not address the demands of activists who've flooded America's streets or go nearly as far as legislation proposed by Democrats and Republicans in Congress.As Americans demonstrate against the use of excessive force by police, the president showered law enforcement with praise and called for more "law and order" in the US. Trump's executive order is primarily concerned with not demonizing police officers. "We will have reform without undermining our great police officers," Trump said in announcing the executive order on Tuesday. "Americans want law and order. They demand law and order. They may not say it; they may not be talking about it, but that's what they want. Some of them don't even know that that's what they want. But that's what they want.""Without police, there is chaos," he added. Before Tuesday's announcement, which took place in the White House's Rose Garden, Trump said he met with the families of victims of police violence, including Ahmaud Arbery, Botham Jean, Antwon Rose, Jemel Roberson, Atatiana Jefferson, Michael Dean, Darius Tarver, Cameron Lamb, and Everett Palmer. <h2>Trump's executive order is more about optics than making major changes</h2><div type="image" title="george floyd protest nyc" height="1333" width="1777" msid="76413215" hostid="261"></div>Trump's executive order calls for the creation of a national database to track police misconduct. It also emphasizes the need for the increased involvement of mental-health professionals in policing to help deal with nonviolent situations involving issues such homelessness and addiction. Additionally, the executive order seeks to use federal grants to incentivize departments to reach certain standards on their use of force.There is overwhelming public and bipartisan support for an outright ban on choke holds, but Trump's order does not go that far. "As part of this new credentialing process, choke holds will be banned — except for if an officer's life is at risk," Trump said.With protests against police brutality and racism occurring in virtually every major US city over the past few weeks — largely catalyzed by the killing of <keyword id="9295731" type="UNKNOWN" weightage="60" keywordseo="george-floyd">George Floyd</keyword> — the Trump administration has been under increasing pressure to offer policy proposals directed at reforming policing.Earlier this month, Trump controversially threatened to use the US military to quell protests and unrest across the country over Floyd's death. That same day, law enforcement violently dispersed peaceful protesters to clear a path for Trump to take a photo with a Bible at a nearby church. This incident did not help matters and sparked widespread condemnation — <a href="https://www.businessinsider.com/mattis-unloads-on-trump-for-dividing-america-in-blistering-statement-2020-6">including from former top advisers to the president</a>.The president's polling numbers <a href="https://news.gallup.com/poll/312572/trump-job-approval-slides.aspx">have been tanking</a> amid the protests and his response to the coronavirus pandemic. More than 116,000 people have died from COVID-19 in a matter of months under Trump's watch. Trump's executive order came well after a variety of proposals were put forward by various localities and congressional lawmakers. With polling showing strong support for the nationwide demonstrations, the order is an effort to answer the call for policing reform without taking steps that might anger or alienate law enforcement. "The vast majority of police officers are selfless and courageous public servants," Trump said on Tuesday as he made it clear that he opposes efforts to disband and defund police departments. "Law and order must be further restored nationwide."<h2>Beyond Trump's executive order, here are some of the most notable proposals that have recently been put forward: </h2><ul><li>House and Senate Democrats want to ban choke holds, end no-knock warrants in federal drug cases, and create a national police-misconduct registry.<ul><li>House Democrats have <a href="https://www.businessinsider.com/summary-justice-in-policing-act-democrats-2020-6">put forward the Justice in Policing Act</a>, the most sweeping law-enforcement overhaul proposed by Congress in recent decades. It focuses on increasing police accountability and curbing some of the most controversial police tactics.</li><li>The bill would put an end to qualified immunity, which protects law-enforcement officers from civil lawsuits; create a higher federal use-of-force standard; log a national registry of police misconduct; and ban choke holds and no-knock warrants.</li><li>House leaders have rejected calls to defund police departments.</li><li>"We want to work with our police departments," House Speaker Nancy Pelosi <a href="https://www.vox.com/2020/6/8/21283841/democrats-police-reform-bill-explained-george-floyd">said last week</a>. "There are many things we call upon our police departments to deal with — mental-health issues, policing in schools, and the rest — that we could rebalance some of our funding to address some of those issues more directly. But this isn't about that."</li></ul></li><li>Senate Republicans, led by Sen. Tim Scott, support significantly fewer far-reaching changes, which they're preparing to unveil in new legislation this week.<ul><li>Some of the measures in <a href="https://www.washingtonpost.com/powerpost/republican-senators-outline-gops-police-reform-bill/2020/06/14/8d10a3a0-ae6f-11ea-856d-5054296735e5_story.html">the GOP bill</a> will be similar to those in the Democratic bill, including a national database of law-enforcement misconduct, a ban on neck restraints and no-knock warrants, and a lower legal bar for civil lawsuits against officers, The Washington Post reported.</li><li>But Republicans have rejected other measures proposed by Democrats, including ending qualified immunity, which <a href="https://www.axios.com/tim-scott-police-reform-bill-qualified-immunity-899fccfe-f517-4512-b890-bd19be0ffbfa.html">Scott has called</a> a "poison pill" for the GOP.</li></ul></li><li>Black Lives Matter cofounder Alicia Garza is calling for a national defunding of police and the reallocation of resources to social services, including housing and healthcare.<ul><li>"So much of policing right now is generated and directed towards quality-of-life issues, homelessness, drug addiction, domestic violence," Garza <a href="https://www.axios.com/defund-police-black-lives-matter-7007efac-0b24-44e2-a45c-c7f180c17b2e.html">told NBC News</a>.</li><li>"What we do need is increased funding for housing, we need increased funding for education, we need increased funding for quality of life of communities who are over-policed and over-surveilled," Garza added.</li></ul></li><li>Joe Biden, the presumptive 2020 Democratic presidential nominee, wants to spend $300 million more on community policing.<ul><li>Biden has said he doesn't support calls to defund the police but that funding should be conditional on the department's standards.</li><li>"I support conditioning federal aid to police based on whether or not they meet certain basic standards of decency and honorableness and in fact are able to demonstrate they can protect the community and everybody in the community," Biden <a href="https://www.cbsnews.com/news/biden-federal-aid-police-epartments-defunding/">told CBS News last week</a>.</li><li>Biden announced last week that he was still calling for <a href="https://www.businessinsider.com/biden-300-million-for-reshaped-police-departments-in-op-ed-2020-6">an additional $300 million</a> in federal funding "to reinvigorate community policing." He also wants to see increased investment in "mental health services, drug treatment and prevention programs, and services for people experiencing homelessness," he wrote in <a href="https://www.usatoday.com/story/opinion/2020/06/10/biden-root-out-systemic-racism-not-just-divisive-trump-talk-column/5327631002/">a USA Today op-ed</a>.</li><li>"That may also mean having social service providers respond to calls with police officers," Biden added.</li><li>While many progressives are calling to reduce police interaction with Black and brown communities, Biden <a href="https://abcnews.go.com/Politics/joe-biden-pushed-police-now-confronts-challenge-police/story?id=71177383">has long argued</a> that having more police officers on the streets improves safety. </li><li>And Biden's record on policing and criminal-justice policy has long been scrutinized by progressives, who point to the <a href="https://www.vox.com/policy-and-politics/2019/6/20/18677998/joe-biden-1994-crime-bill-law-mass-incarceration">1994 crime bill</a> he championed as a reason for mass incarceration, harsh sentencing, and the criminalization of poverty.</li></ul></li><li>Sen. Rand Paul, a Kentucky Republican, wants to stop the federal militarization of local police departments' and end no-knock warrants, like the one that led to Breonna Taylor's killing in Louisville.<ul><li>Paul is <a href="https://www.courier-journal.com/story/news/politics/2020/06/11/breonna-taylor-shooting-rand-paul-files-bill-ban-no-knock-warrants/5345478002/">drafting legislation</a> that would ban no-knock warrants, which allow the police to enter a residence without identifying themselves or the reason for their entry. He said he was motivated by the March killing of Taylor, who was shot by police officers who raided her apartment in the middle of the night. </li><li>"After talking with Breonna Taylor's family, I've come to the conclusion that it's long past time to get rid of no-knock warrants," he said. "This bill will effectively end no-knock raids in the United States."</li><li>Paul also supports a bipartisan bill, the Stop Militarizing Law Enforcement Act, that calls for a ban on the transfer of military weapons to local police departments.</li><li>"I support our officers, but I do not believe it is beneficial for neighborhoods across the United States to have the same kind of military-grade weapons that are commonly used in Afghanistan," Paul told Business Insider in a statement. </li><li>Notably, Paul has prevented a federal anti-lynching bill from becoming law, saying it defines lynching too broadly.</li></ul></li><li>Some local leaders and civil-rights groups have also put forward proposals.<ul><li>New York City Council Speaker Corey Johnson wants to make "significant cuts to the NYPD budget and reinvest that money in communities" and "get cops out of schools, out of homeless services, and out of mental health."</li><li>Ed Mullins, the president of the NYPD sergeants union, supports ending arrest quotas, expanding police departments' Big Brother Big Sister programs, and creating "public service announcements" that "explain what transpires during a police encounter."</li><li>The Leadership Conference on Civil and Human Rights, along with several hundred civil- and human-rights groups, is calling for eight key policing reforms, including a national use-of-force standard, a ban on choke holds, and an end to racial profiling.</li></ul></li></ul>

Trump's executive order on policing is pro-police and doesn't call for major changes

Welcome to <keyword id="34991" type="UNKNOWN" weightage="60" keywordseo="transportation">Transportation</keyword> &amp; Logistics Briefing, a new morning email providing the latest news, data, and insight on how digital technology is disrupting transportation and delivery, produced by BI Intelligence.<a href="http://www.businessinsider.com/intelligence/transportation-and-logistics-briefing" target="_blank" rel="noopener noreferrer">Sign up and receive Transportation &amp; Logistics Briefing free to your inbox.</a>Have feedback? We'd like to hear from you. Write me at: <a href="mailto:jcamhi@businessinsider.com">jcamhi@businessinsider.com</a>.SURVEY FINDS CONSUMERS APPREHENSIVE ABOUT FULLY AUTONOMOUS CARS: Automakers and tech companies are racing to develop self-driving cars, but consumers aren't ready to give up control of their cars to computers just yet. More than half (55%) of 1,500 US and German consumers <a href="http://www.gartner.com/newsroom/id/3790963">surveyed</a> recently by Gartner said that they would not ride in a fully autonomous vehicle.The survey found that consumers want the ability to retake control of the car in case of a technology failure or security breach:<ul><li>Despite the concerns around fully autonomous vehicles, 71% of the respondents said they'd ride in a semi-autonomous vehicle that they could control at their leisure.</li><li>The survey found that respondents were most concerned about the possibility of the car's technology either failing outright or being confused by a specific situation. The second most common concern was the possibility that the car could get hacked. </li></ul>Public concerns about control over the car is one of the reasons that some automakers are taking a gradual approach to self-driving technology, rolling out advanced driver assist functionality first and then building up towards full autonomy. Tesla, for instance, has been periodically updating its Autopilot software with new capabilities, like self-parking, with the intent of eventually making the system fully self-driving. It will likely take decades of driving in semi-autonomous cars before consumers are comfortable enough for automakers to build fully autonomous cars without a steering wheel or pedals, the <a href="https://www.wired.com/2016/08/self-driving-car-levels-sae-nhtsa/">final level</a> of autonomy.However, semi-autonomous cars will require automakers to rethink the driving experience. Drivers will still need to be aware of what's happening on the road around them, and be able to immediately take control of the car in case of emergency. Tesla <a href="https://thenextweb.com/artificial-intelligence/2016/09/23/tesla-update-forces-you-to-keep-your-hands-on-the-wheel-or-else/#.tnw_8W9KJZ2H">updated</a> its Autopilot system late last year to warn drivers three times if they take their hands off the steering wheel while using the system. After the warnings, Autopilot's automatic steering function disengages, forcing the driver to take back the wheel. These types of solutions highlight the problem of relying on a driver in a semi-autonomous car - how to ensure drivers are alert and can react quickly if danger arises. This <a href="https://www.wired.com/2016/08/self-driving-car-levels-sae-nhtsa/">conundrum</a> in handing off control between computer systems and humans is why Google and others have been focusing on fully autonomous cars that don't rely at all on a human driver. However, those cars will still need to provide humans the option to take the wheel when they want to in order to make them comfortable with riding in them.<div class="KonaFilter image-container display-table click-to-enlarge"><div><div class="image on-image"><a title_source="BI Intelligence" title_caption="" class="zoomin" href="https://static-ssl.businessinsider.com/image/59a08b646eac4020008b5160-960/autonomous car drawbacks.png"></a>BI Intelligence</div></div></div>CHALLENGES AHEAD FOR FEDERAL SELF-DRIVING CAR REGULATIONS: Despite a concerted push by automakers and tech companies to accelerate the development of self-driving car regulations, it will likely take years before federal agencies can release regulations for self-driving cars, <a href="http://www.ttnews.com/articles/driverless-vehicles-future-confront-rules-written-drivers?mod=djemlogistics">according to</a> Transport Topics News. A group of automakers issued a statement on July 13 pressing Congress to direct the National Highway Traffic and Safety Administration (NHTSA) to start drafting new regulations. Until now, the federal government has left self-driving car regulation up to state officials, leading to a confusing patchwork of state rules on the technology and its use on public roads.Congress has shown that it recognizes the need to amend federal safety requirements to account for self-driving cars, and momentum seems to be building for new legislation. Earlier this summer, a bipartisan House panel <a href="https://www.bloomberg.com/news/articles/2017-07-19/self-driving-cars-get-boost-with-unanimous-vote-by-house-panel">voted</a> unanimously to move forward with new legislation that would direct the Department of Transportation to create special exemptions for automakers from current federal safety standards, allowing them to expand their self-driving car tests. The bill would also direct federal regulatory agencies to start work on drafting new federal road safety rules for self-driving cars that would override any conflicting state regulations.However, it seems unlikely that federal agencies will be able to quickly formulate new self-driving car regulations, even with a push from Congress. The NHTSA released non-binding guidelines last September to provide some basic safety protocols for companies testing self-driving cars, and plans to update those this coming September. However, drafting real regulations will require extensive field testing, as well as reaching a consensus among various stakeholders, including car companies and consumer advocacy groups.Right now, the NHTSA lacks the budget and staff to conduct such wide-ranging technical work and industry outreach to form new regulations in anything less than five years, former NHTSA administrator Joan Claybrook told Transport Topics News. The administration remains without a director, and it seems unlikely to get much support from the White House, which has let its self-driving car task force fall <a href="https://www.recode.net/2017/8/24/16198338/us-government-trump-transportation-self-driving-cars-coucil">apart</a> in recent months. This is bad news for automakers and other companies developing self-driving technology, who may be left dealing with a confusing web of state regulations as they progress their testing efforts towards commercial launches.Enjoy reading this briefing? <a href="http://www.businessinsider.com/intelligence/transportation-and-logistics-briefing" target="_blank" rel="noopener noreferrer">Sign up and receive Transportation &amp; Logistics Briefing to your inbox.</a>TESLA'S BIG-RIG TRUCKS WILL HAVE RANGE OF 200-300 MILES: Reuters <a href="https://www.reuters.com/article/us-tesla-trucking-exclusive-idUSKCN1B42GC">reported</a> new details surrounding Tesla's planned electric semi-truck, which it is expected to unveil in September. The vehicle will have a charging range of 200-300 miles, meaning that the vehicle will be targeted towards regional hauling. That's according to Reuter's source, an executive at fleet operator Ryder System Inc. who said he spoke with Tesla earlier this year about their trucking plans. Tesla itself declined to comment for the story.The 200-300-mile range is consistent with the battery technology available today, according to researchers who spoke with Reuters. That would make the truck useful for medium-range trips, such as moving goods from a port facility to a nearby city, or from a distribution center to retail store location. The market for such regional hauls has declined in recent years, but still makes up about 30% of US trucking jobs, according to Fleet Compete, which analyzes trucking industry data.However, regional hauls are expected to play a larger role in trucking going forward, and other truck manufacturers are eyeing this market as well. Earlier this year, Volvo <a href="http://trucker.com/equipment/regional-spec-your-trucking-future">released</a> a new line of trucks, dubbed VNR, developed specifically for regional hauling. That's because regional trips are expected to increase in the coming years as digital and brick-and mortar retailers increase their warehouse networks to store more goods closer to their customers. That will likely reduce demand for long-haul trips, as well. Fuel cost are the biggest expense regional trucking fleets face and that could give Tesla's all electric Semi a strong selling point. However, Tesla has yet to reveal the vehicle's price, which many in the industry <a href="https://www.trucks.com/2017/04/18/trucking-industry-skeptical-tesla-truck/">expect</a> could be prohibitive.In other news…<ul><li>Kansas City is is <a href="https://www.curbed.com/2017/8/22/16182882/kansas-city-smart-roads-sensors-integrated-roadways?mod=djemlogistics">preparing</a> for the future of transportation by embedding new sensors on its roadways with help from startup Integrated Roadways. The sensors will collect data about city traffic and road use to help with road maintenance projects and efforts to reduce traffic congestion. The sensors will include channels for connectivity, allowing telecoms to eventually run 5G networks through them. That could allow the sensors to share data with self-driving cars to provide more information about the cars' surroundings and improve their navigation.</li><li>Amazon will <a href="https://www.reuters.com/article/us-whole-foods-m-a-amazon-idUSKCN1B42AJ">expand</a> its Amazon Locker program that lets customers pick up orders and drop off returns to some Whole Foods locations. Amazon started the program back in 2011 to provide customers with an alternative to home delivery, and has since expanded the program to more than 2,000 locations in 50 cities worldwide. Placing the lockers in Whole Foods locations could help Amazon drive its customers to those stores, which could lead to additional purchases during visits. This is the first clue Amazon has provided to how it will integrate Whole Foods locations into its extensive logistics network. It likely won't be long until Amazon starts experimenting with other ways to further that integration, including delivering groceries from Whole Foods locations.</li><li>German politicians are <a href="https://www.wsj.com/articles/german-auto-giants-once-courted-become-political-pariahs-1503567001?mod=djemlogistics">excoriating</a> the country's automakers for not moving fast enough to make their cars more friendly to the environment. The country's automakers have been swamped by the 2015 Volkswagen emissions-cheating scandal that later spread to include other carmakers, and a recent poll found that two-thirds of German citizens believed the government was too lenient with the industry after the scandal broke. With elections coming up, German politicians, including German Chancellor Angela Merkel, have repeatedly scolded the automakers and promised to hold them to stricter fuel emissions standards. Merkel's main challenger, Social Democratic Party chairman Martin Schulz, has promised to impose a quota for electric vehicles on the auto industry. That could be a significant burden on the country's car industry, which still remains heavily reliant on sales of diesel-powered cars. </li></ul><div id="categorypromo"><h2><a href="http://www.businessinsider.com/intelligence/transportation-and-logistics-briefing">Click here to sign up for the new FREE newsletter on Transportation &amp; Logistics from BI Intelligence, Business Insider's premium research service.</a></h2></div>

TRANSPORTATION AND LOGISTICS BRIEFING: Consumers apprehensive about self-driving cars -  Update on self-driving regulations - New details on Tesla's semi-truck

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