'The situation globally is quite challenging, but we have the confidence and courage of conviction that we will come out winners even in this challenging time.'
The proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020, that are envisioned to protect consumer interests, may further compound the impact of multiplicity of regulations on the e-commerce sector, the Indo-American Chamber of Commerce (IACC) had told the ministry of consumer affairs. IACC, the apex bilateral chamber for Indo-US business, had told the government that the proposed amendments would increase compliance liabilities that risk severely impairing the growth of the sector.
The Centre is regularly holding consultations with stakeholders to streamline foreign direct investments (FDIs) and foreign institutional investments (FIIs) related processes to enable faster and more efficient investment flows into the country, said Commerce and Industry Minister Piyush Goyal, adding one such meeting with stakeholders was held on Tuesday.
The US government will fight lawsuits aimed at blocking the USD 100,000 fee imposed on new H-1B visa petitions, asserting that the system was spammed with fraud and must be overhauled to prioritise American workers.
The US Chamber of Commerce has filed a lawsuit against the Trump administration's decision to impose a USD 100,000 fee on new H-1B visa petitions, arguing it harms American innovation and competitiveness.
'As one of many immigrants at Nvidia, I know the opportunities we've found in America have profoundly shaped our lives.'
Russian President Vladimir Putin arrived in New Delhi for a two-day visit focused on strengthening ties with India, including defense cooperation and trade, amidst a changing geopolitical landscape.
The awards, aptly named, 'Transforming Our World -- 2011 Excellence Awards', were presented for community leadership to Swatantra Jain of Vinmar International Ltd and Avinash Ahuja of Magnum Producing Company.
Businesses are testing new markets, tapping into domestic demand, and pushing the government for relief.
The four-day business trip is led by US ambassador to Singapore, David Adelman, and comprises 15 chief executive officers of major American corporations based in Singapore.
Industry associations and companies in the United States, including the US Chamber of Commerce, Coalition of Services Industries and the iconic bike company Harley Davidson have called on the Donald Trump dispensation to push India to reduce tariffs, non-tariffs, and regulatory barriers to boost American exports.
Nine Indian-Americans were awarded by the Indo-American Chamber of Commerce of Greater Houston (IACCGH) for their contributions towards enhancing the mutual relationship between India and the United States.
Supporting India's concerns on the immigration reform bill, an eminent Indian-American has asked US lawmakers to make the necessary changes in the pending legislation, which if passed, among other things would badly hit the global competitiveness of American companies.
I'...additional concessions, such as opening government procurement, reducing agricultural subsidies, weakening patent protections, and allowing unrestricted data flows -- demands India has resisted for decades.'
In a dramatic shift in Canada's foreign policy, Prime Minister Mark Carney on Thursday declared that the long-standing economic and security relationship between Canada and the United States has ended, responding to US President Donald Trump's announcement of new auto tariffs that could severely impact Canada's economy, Politico reported.
Trump's sweeping tariffs and penalties on China-built ships have turned global shipping into the front line of economic war, observes Shyam G Menon.
As the US gets tougher with visas, the prayers of US-bound devotees in India are getting more fervent, and their purse strings looser. Called Visa Hanuman temples (there are half a dozen all over India), some of them ask for a 'fee'.
Trump has made it clear to Prime Minister Modi that India will not be spared from Washington's reciprocal tariffs and emphasised that "nobody can argue with me" on tariff structure.
The Bilateral Aviation Safety Agreement, the civil nuclear technology transfer, telecom infrastructure security and business jet landing rights are among other "policy accomplishments in 2011" listed on the US chamber's website.
India's top IT companies need to open new facilities in the United States to create more employment opportunities for locals and to change the perception that they were job-takers, a leading US business forum representative has said.
Prime Minister Narendra D Modi's itinerary for his June 21-24 US visit could include an address to a fledgling business advocacy group, the US-India Strategic Partnership Forum.
Reflecting the mood of the powerful business community on the healthcare reform bill passed by the US House of Representatives, the US Chamber of Commerce on Monday said the House made a "wrong and unfortunate" decision that "ignores" the will of the Americans people.
Ajay Banga was on Wednesday appointed the next president of the World Bank, becoming the first-ever Indian-American to head the global financial institution which said it looks forward to working with him at a time when it's tackling the toughest development challenges facing developing countries. "The executive directors of the World Bank today selected Ajay Banga as president of the World Bank for a five-year term beginning June 2, 2023," the bank said in a press statement. In February, President Joe Biden announced that the US would be nominating Banga, 63, to lead the World Bank because he is "well equipped" to lead the global institution at "this critical moment in history."
Ranjit Sen has taken over as the new president of Indo-American Chamber of Commerce.
India's growth presents a win-win partnership for the country and the US, and American companies have a great opportunity to contribute to that, Modi told the CEOs.
Majority of American companies are overwhelmingly optimistic about China and rank the world's factory as the top investment destination for them in 2010, even as they face daunting challenges in their native market, says an industry survey.
The summit would be organised by the Indo-American Chamber of Commerce.
US foreign direct investment inflows into India will increase to $1 billion annually by 2010, according to Indo-American Chamber of Commerce.
Indian small and medium enterprises (SMEs) are set to go global with opportunities flowing in from all corners. After SMEs from Germany and the UK, the US has expressed willingness to invest and explore possibilities of technology transfer to Indian SMEs.
The Indo-US CEO forum which is scheduled to meet in New York later this year is expected to discuss some contentious issues related to the trade and investment between the two countries, David Bohigian, US assistant secretary of commerce said at an interactive session with the Indo-American Chamber of Commerce.
In a letter to US lawmakers, Chamber Executive Vice President (Government Affairs) R Bruce Josten said countries have already started taking retaliatory measures in response to the 'Buy American' provisions of the stimulus package. 'The 'Buy American' requirements are having a major impact on projects administered by state and local governments, resulting in declining trade and lost jobs for American workers,' the letter said.
Three Indian Americans have been awarded by the Indo-American Chamber of Commerce for their outstanding and tireless work as entrepreneurs.
Twenty-six per cent of members who responded to an annual survey said their proprietary data or trade secrets had been compromised or stolen from their China operations, the American Chamber of Commerce in China report said.