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Revolut is fully prepared to locally launch in India within the coming months as a cornerstone of its global strategy to reach 100 million customers by mid-2027. India stands as Revolut’s largest talent hub, with over 35,000 employees and an upfront investment of $45 million. CEO Paroma Chatterjee explained that Revolut has invested heavily to localize its entire technology stack specifically for Indian consumers’ unique banking needs. Collaborating closely with the Reserve Bank of India, the company has secured crucial licenses for both foreign exchange (forex) and domestic UPI transactions, offering a seamless one-stop platform integrating international and domestic payments. With over 350,000 Indians already on a waitlist without major marketing efforts, Revolut will introduce the first prepaid cards loaded with diverse benefits that cater to tens of millions beyond traditional credit card users. This localized app promises to transform how Indians handle money by combining forex and domestic payment capabilities in a single platform. At its new London headquarters launch, Revolut reported surpassing 65 million customers globally and detailed plans to expand into over 30 markets—including India—by 2030. UK Chancellor Rachel Reeves highlighted the UK’s commitment to easing talent attraction and visa routes, contrasting recent US visa restrictions, to support firms like Revolut in their global growth ambitions. This launch sets the stage for Revolut to become a leading fintech player in India’s competitive landscape through hyper-localization, regulatory compliance, and product innovation.

4 days ago|by Sarah J

The EU-India Trade and Technology Council (TTC), established in 2022, aims to strengthen the bilateral relationship by coordinating strategies across trade, technology, and security in response to rising geopolitical competition. It creates a structured forum with three working groups focusing on strategic technologies and digital governance, green and clean energy solutions, and trade, investment, and resilient value chains. For India, the TTC offers access to EU capital, technology expertise, and regulatory guidance to support domestic advances in semiconductors, critical minerals, digital infrastructure, and clean energy, while boosting its position amid US-China rivalry. The EU views the TTC as a way to diversify partnerships in Asia and reduce supply chain risks, leveraging regulatory influence and learning from India’s digital public infrastructure innovations. So far, the TTC has held high-level meetings discussing semiconductor supply chains, AI governance, renewables, and energy efficiency, highlighting opportunities for joint ventures and climate leadership. However, regulatory differences on data protection, market access, and competition policies, alongside limited private sector involvement, present challenges that need to be addressed. The TTC’s future success depends on converting dialogue into actionable projects, increased investment, and overcoming trade disputes, with the potential to become a key platform for shaping global digital and green technology standards while advancing a rules-based international order.

4 days ago|by Sarah J

The European Union has launched a new strategy to deepen prosperity and security ties with India, structuring the agenda around five focus areas: prosperity and sustainability, technology and innovation, security and defense, connectivity and global issues, and enablers across pillars. The approach embraces collaboration rather than competition, aligning EU’s regulatory expertise and single market access with India’s “Atmanirbhar Bharat” self-reliance push to foster inclusive and sustainable growth. Current negotiations for an India-EU Free Trade Agreement are accelerating, highlighted by growing trade—€120 billion in goods and €60 billion in services last year—alongside increased foreign direct investment from Europe and participation by 6,000 European companies in India. Against global instability, including weaponization of supply chains and U.S.-China tech competition, the EU and India are prioritizing secure technology exchange, robust compliance measures, and resilient supply chain partnerships. The EU’s strategy also encourages collaboration on semiconductor development, green technologies, and pharmaceutical ingredient security, alongside creating platforms for research partnerships and cross-sector innovation. India’s successful Digital Public Infrastructure, which has driven financial inclusion and digital governance over the past decade, is seen as a model, with plans for EU-India Innovation Hubs and “Blue Valleys” to promote joint investment, standards, and talent mobility. This renewed EU strategy positions India as a key partner for collaborative tech development and supply chain resilience, giving fresh impetus to bilateral research, innovation, and start-up ecosystem growth.

4 days ago|by Sarah J

Tejas, a 17-year-old from Texas, has been named Time Magazine's "Kid of the Year" for her work in using computer science to combat online scams targeting senior citizens. Her mission began after her grandfather received a scam message from someone pretending to be a family member asking for $2,000. Seniors are particularly vulnerable to these scams; according to the FBI's Internet Crime Complaint Center, individuals aged 60 and over lost a total of $4.8 billion to reported scams last year, a figure that has doubled in the last five years. Factors contributing to this vulnerability include feeling more vulnerable with age and being less computer-savvy. Additionally, criminals are increasingly using artificial intelligence (A.I.) to make their scams seem more realistic. In response, Tejas has taken several actions: - She teaches classes about cyber scams at community centers for older adults. - She delivered a TED Talk on the subject. - She is developing a website and app called "Shield Seniors". This tool will show users what online scams look like, how to report them, and will use A.I. to analyze messages and identify if they are a potential threat. Tejas is largely self-taught, learning most of what she knows about coding and A.I. from YouTube, though she did take some computer science courses. She emphasizes that older adults should not be embarrassed about falling for a scam or asking for help. Looking ahead, she wants to continue her work on Shield Seniors and combine her love for technology with social good. She is currently seeking funding and hopes the publicity from the Time Magazine cover will help her launch the Shield Seniors app by the end of the year. https://www.youtube.com/watch?v=z3bV0iqMfrk

7 days ago|by Sarah J

The H-1B visa program allows U.S. employers to temporarily hire foreign workers in specialty occupations requiring at least a bachelor's degree or equivalent. It has an annual cap of 65,000 regular visas plus 20,000 for those with U.S. master's degrees or higher. Below are key factual updates from 2025, focusing on administrative and policy changes. FY 2026 Cap Reached U.S. Citizenship and Immigration Services (USCIS) announced on July 18, 2025, that it received sufficient petitions to meet the FY 2026 H-1B cap of 85,000 visas (65,000 regular + 20,000 master's exemption). This followed a registration period from March 7 to March 24, 2025, with a notable decrease in total registrations compared to FY 2025—indicating fewer attempts at multiple registrations per beneficiary. USCIS attributed this to ongoing fraud investigations and a beneficiary-centric selection process implemented in prior years. Proposed Allocation Reforms In August 2025, the Department of Homeland Security cleared a proposed rule through the White House's Office of Information and Regulatory Affairs. The rule would replace the random lottery with a weighted selection process prioritizing higher wages or education levels. This aims to allocate visas to roles with greater economic value, potentially increasing program efficiency by up to 88% according to a nonpartisan think tank analysis earlier in the year. Legislative Proposal: American Tech Workforce Act On September 19, 2025, Senator Jim Banks introduced the American Tech Workforce Act. The bill proposes raising the minimum wage requirement for H-1B holders from $60,000 to $150,000 annually, eliminating the Optional Practical Training (OPT) program for foreign students, and shifting to a highest-bidder selection system. It has not yet advanced beyond introduction. Executive Action on Fees and Entry Restrictions On September 19, 2025, President Trump signed a proclamation effective September 21, 2025, imposing a $100,000 fee per petition for H-1B workers outside the U.S. at the time of filing. The fee applies only to new petitions in the next lottery cycle (not renewals, extensions, or transfers for those inside the U.S.) and restricts approvals without payment for 12 months. White House clarifications on September 20, 2025, confirmed it does not affect current visa holders' travel or re-entry, nor those from the FY 2025 lottery. Industry and International Responses - Corporate Reactions: Companies like Amazon (over 10,000 H-1B approvals in H1 2025), Microsoft, and Meta (over 5,000 each) issued internal advisories urging H-1B employees to avoid international travel until clarified. JPMorgan and Goldman Sachs echoed caution in memos. - India's Concerns: As the top beneficiary (71% of approvals in 2024), India's Foreign Ministry and IT body Nasscom noted potential family disruptions and impacts on outsourcing on September 20, 2025. - Usage Data: In H1 2025, software developer roles accounted for the majority of approvals. Two-thirds of H-1B jobs overall are computer-related, with others in engineering, education, and healthcare. These changes build on prior integrity measures, with USCIS continuing reviews of FY 2025 data for fraud. No alterations to the overall cap or core eligibility have been enacted.

12 days ago|by Sarah J

Kerala, in collaboration with the European Union, will host the "Blue Tides – Two Shores, One Vision" conclave at The Leela Kovalam, Thiruvananthapuram. Organized by the State Fisheries Department, the two-day event aims to establish Kerala as a global blue economy hub by promoting sustainable ocean-based industries. Discussions will cover fisheries, aquaculture, marine logistics, coastal tourism, renewable marine energy, and green technologies, leveraging Kerala’s maritime strengths and EU’s expertise.Fisheries Minister Saji Cherian highlighted the conclave as a first-of-its-kind initiative in India to drive sustainable development, benefiting coastal communities and ecosystems. Key goals include modernizing fisheries, advancing aquaculture, fostering skill development, and attracting investments. The event will feature plenary sessions, thematic discussions on global fisheries challenges, and networking opportunities, emphasizing academic collaboration, joint R&D, and startup innovation. Kerala’s maritime heritage will be showcased to draw European investment.EU Ambassador Hervé Delphin and representatives from 20 European nations, including France, Italy, and Spain, will participate. Inspired by Minister Cherian’s recent visit to France for the Third United Nations Ocean Conference, plans are underway for a sailing school with Kerala University of Fisheries and Ocean Studies (KUFOS) and a boat show to highlight Kerala’s maritime potential.Explain blue economySustainable tourism initiatives

28 days ago|by Team S

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