New Delhi, May 24 (IANS) US Secretary of State Marco Rubio on Sunday described the United States as a “welcoming country” and termed the racist comments made against Indians as the actions of “stupid” people. Addressing a joint press conference with External Affairs Minister S Jaishankar, Rubio stated that he takes such comments very seriously.On being asked about racist remarks against Indians in the US, he responded: “I don’t know how to address that, but I’ll take that very seriously about th…
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Washington, May 19 (IANS) The resolution of the legal matter involving Adani Enterprises Ltd removes a major distraction from the growing India-US economic partnership, and could pave the way for fresh Indian investments in the United States, the US-India Strategic Partnership Forum (USISPF) said on Monday.“The US Department of Justice’s resolution in the case involving Adani Enterprise brings closure to the ongoing legal matter, which has been a distraction to the otherwise strong US-India ec…
New Delhi, May 18 (IANS) Prime Minister Narendra Modi has said that India emerged as one of the world’s most attractive destinations for investment, innovation and manufacturing, while inviting European companies to deepen engagement with the country as a trusted and reliable economic partner, according to an official statement issued on Monday.Addressing the European Round Table for Industry (ERT) in Gothenburg, PM Modi highlighted the growing strategic convergence between India and Europe an…
Stockholm, May 17 (IANS) Prime Minister Narendra Modi’s visit to Sweden is “very significant”, India’s Ambassador Anurag Bhushan said on Sunday. In an interview with IANS, Bhushan noted that PM Modi’s visit is also significant as it is happening in Gothenburg, a very old city of Sweden, which has now developed into a technology, industrial and innovation heart of the Scandinavian country.PM Modi will arrive in Sweden later on Sunday after concluding his visit to the Netherlands. He had earlier v…
New Delhi, May 6 (IANS) Indian companies have lined up investments worth over $20.5 billion across sectors such as technology, manufacturing and pharmaceuticals in the United States, US Ambassador to India, Sergio Gor, said on Wednesday, describing the momentum as a direct outcome of President Donald Trump’s economic leadership.In a post on social media platform X, the envoy said that 12 Indian companies announced fresh investments worth $1.1 billion in a single day, adding to a growing pipeline…
Washington, March 27 (IANS) U.S. President Donald Trump has signed an executive order barring federal contractors from engaging in what the administration calls “racially discriminatory” diversity, equity and inclusion (DEI) practices — a move that directly affects how companies hire and operate in government-contracted work. The executive order requires all federal contracts to include a clause prohibiting contractors and subcontractors from engaging in DEI activities that involve “d…
New Delhi, March 25 (IANS) The government on Wednesday announced a three-year tax exemption on dividend income for national cooperative federations, a move aimed at benefiting small members and strengthening the cooperative sector.Finance Minister Nirmala Sitharaman said in the Lok Sabha that the tax relief will help boost incomes of small cooperative members and encourage greater participation in the sector.FM Sitharaman stressed that cooperatives, along with micro, small and medium enterprises…
New Delhi, March 3 (IANS) Prime Minister Narendra Modi on Tuesday said that as global supply chains are being reshaped, Indian companies who are making clean and green energy investments will be able to reach better markets worldwide.Addressing a post-budget webinar, PM Modi highlighted that this year’s Union Budget reinforces our commitment to sustaining and strengthening economic growth.“Sustainability, carbon capture, utilisation and storage missions are important steps. Sustainability ne…
New Delhi, Feb 22 (IANS) The tariffs collected from various jurisdictions by the US administration range from $160-175 billion (Chinese companies have paid the highest likely), and the refund could be a ‘mess’ but it would also be a psychological deterrent in imposition of future tariff structure, according to a new SBI Research report.US President Donald Trump has now raised global tariffs to 15 per cent, invoking Section 122 of the Trade Act of 1974, a move that escalates his trade offensi…
New Delhi, Feb 5 (IANS) India and the Gulf Cooperation Council on Thursday signed the Terms of Reference to guide the negotiations for the India-GCC Free Trade Agreement (FTA) The Terms of Reference (ToR), which will define the scope and modalities of the talks, were signed between Additional Secretary and Chief Negotiator, Department of Commerce, Ajay Bhadoo, and the GCC Secretariat General’s Chief Negotiator, Dr Raja Al Marzouqi, at the Vanijya Bhawan in the presence of Commerce and Industry M…