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The Dollar Business Bureau In the wake of increasing trade measures of the US against India and its decision to review eligibility of India for certain products for duty benefits, Commerce and Industry Minister Suresh Prabhu said on Tuesday that in order to resolve all trade issues, Indian government is actively working with the US and is also following Word Trade Organisation (WTO) rules to protect the interests. “I can assure you, the only guiding principle for engagement with the US is to protect India’s commercial interest in its entirety,” Prabhu said while speaking at the launch of a platform - ‘FIEO GlobalLinker’ for micro, small and medium scale exporters (MSME) for digitising their businesses.  On April 13, the US announced that ...

The Dollar Business Bureau Few days after threatening with reciprocal taxes on export products from India, the US, under Donald Trump administration, has launched a fresh offensive against it by filing complaint at the World Trade Organisation (WTO) about, what it termed, as its export subsidies programmes such as Special Economic Zones (SEZs) and the Merchandise Exports from India Scheme (MEIS). The US has requested to hold discussions with India on the issue, the first step before taking any legal action. In its request, the US has argued that the incentives provided by India violate the WTO agreements as it has crossed the economic benchmark of $1,000 per capita gross national income (GNI). Under the rules of WTO, India and the US are ...

The Dollar Business Bureau An India-centric think-tank has been formed in New Jersey to facilitate and deepen bilateral relationship between the world’s two largest democracies. The New Jersey-based think-tank ¾ Parikh Foundation for India’s Global Development¾ will be focused on the issues, challenges and opportunities of the Indian polity. "More needs to be done on their perceptions of the Indian governments initiatives, and its efforts to expand bilateral ties. Perhaps, the first thing would be to start a dialogue, to ensure the initiatives of the Indian government, its efforts to expand bilateral ties, is put in perspective," eminent Indian-American Sudhir Parikh said announcing the launch of the think-tank. "The only way perhaps to achieve this would be with firm commitment on a regular basis; To have top ...

The Dollar Business Bureau  Chandrababu Naidu, Chief Minister of Andhra Pradesh, has been selected for the US-India Business Council’s (USIBC) ‘Transformative Chief Minister Award’ for his role in strengthening the partnership between India and the US at the state level. The award would be presented to the Chief Minister on May 8, 2017 during the Annual West Coast Summit of USIBC in the Menlo Park, California, according to a statement. The summit will see an assembly of 150 industry leaders from across sectors including information technology (IT), manufacturing, healthcare, food processing, clean energy, banking, digital payments and officials from the Government of India for exploring the effects of manufacturing in India, the country’s move towards digitisation and cashless society and the future of ...

The Dollar Business Bureau Former Indian Ambassador to the US, Arun Singh, spoke at length about the progression of India-US ties in the first 100 days of Trump's presidency. With the end of April 2017 marking the 100-day milestone of Trump's reign as the leader of the free world, many have expressed dissatisfaction with his rather capricious style of ruling. Be it Trump reneging on his own words or him lacking the wherewithal to get Congress to pass his reforms, his performance so far has been the subject of much public derision. On the other hand, Indian diplomat Arun Singh, who has seen India-US relations enhance during most of Bush's and Obama's tenure, backs the new US administration and sees much promise in its attitude towards India. “As the engagement of the past hundred days ...

The Dollar Business Bureau Arun Jaitley expressed optimism for the future of India-US bilateral relations during his address at an event hosted to Indian Ambassador to USA, Navtej Sarna. Jaitley is currently visiting USA to participate in the yearly spring meets of World Bank and IMF along with other multilateral events like the G-20 conclave of finance ministers. In what was India's first ministerial level meet with the Trump administration, Arun Jaitley discussed the much-hyped issue of H1-B visa with US Commerce Secretary Wilbur Ross. Highlighting the contributions made my Indian employees to the American economy, Jaitley said that the US government must consider these aspects in arriving at a decision regarding the work visa which has caused a lot of apprehension in the Indian IT industry. In an unusual retaliatory tone, ...

PTI  Finance Minister Arun Jaitley has "strongly raised" the H-1B visa issue with US Commerce Secretary Wilbur Ross, highlighting the important role played by highly skilled Indian professionals in America, officials said. During the meeting here -- the first cabinet-level interaction between the two countries under the Trump administration -- Ross is believed to have said that US has started the process of reviewing H1B visas issues and no decision has been taken on it yet, sources said. Taking up the case of Indian IT companies and professionals, Jaitley told Ross about the contribution of highly skilled Indians in the economic development of the United States and India and stressed that they should continue to do so, which is in the ...

The Dollar Business Bureau In a step to further the ambitious scheme of ‘Make in India’, India and the US have decided to include ‘advance manufacturing’ in their Dialogue on Science and Technology. Both the countries have also agreed to add ocean wave modeling and agriculture science, in the field of science and technology (S&T). In this regard, a decision was taken during the S&T Joint Commission meeting, between India and the US, which was held at the White House. Dr Harsh Vardhan, Union Science and Technology Minister co-chaired the meeting with John Holdren, Assistant to the President for S&T. The two sides also reviewed the progress between the two countries under five Joint Working Groups for S&T cooperation and have decided that ...