An obviously chagrined United States-India Business Council, which has lobbied feverishly for the passage of the US-India civilian nuclear deal in the US Congress, on Monday issued a guarded reaction to the passage of the nuclear liability bill in the Parliament that had 'compromised on the indemnity clause demanded by American companies to protect it from liability in case of a nuclear accident.'
Commerce Minister Anand Sharma on Wednesday sought to assure prospective American investors that India is a 'welcoming investment' destination where the climate is 'totally conducive' to such actions.
Pointing out the instance of Kharge entering the Well of the Rajya Sabha on Friday, Dhankhar said, "It was extremely painful to notice that even the Leader of the Opposition walked into the Well of the House and that was a disgrace to parliamentary conduct and proprietary."
Stating that the deal had good bipartisan support, Rice said: "I do not believe this initiative is Republican or Democratic."
The GST Council's agenda includes trimming the number of items in the 28 per cent slab by 75 per cent, easier compliance for assessees and small taxpayers, and a presentation on bringing real estate under GST.
The USIBC said that this was 'a significant step that puts decades of Cold War baggage behind the world's two largest democracy', and that in achieving 'consensus' on this 'key bilateral agreement', it held out the promise 'to bolster the US and India as reliable partners for the long future in the sensitive areas of defence and security trade'.
If confirmation was required that the Indo-US nuclear deal has opened doors for business between the two countries, it is here.
Nadella's visit comes at a time when the Indian government is taking a strong position on issues like data localisation and tightening the rules for e-commerce companies as well as social media platforms.
For India to view the new Sri Lankan leadership only through the prism of the past or through their narrow view on China, is fraught with possibilities that should be avoided, asserts N Sathiya Moorthy.
'It is notable how humble he was and didn't want anything different just because he was a Tata.'
India's burgeoning entertainment industry loses as much as $ 4 billion and 800,000 direct jobs each year due to counterfeiting and piracy, a latest study says. The study -- The effects of counterfeiting & piracy on India's entertainment industry -- was prepared by Ernst & Young India. It was commissioned as part of the USIBC-FICCI Bollywood-Hollywood Initiative, which promotes the sustainable growth & convergence underway between the entertainment industries of the US & India
The Indian film industry joined hands with Hollywood on Wednesday to counter piracy.
There is a case for more stringent evaluation of CSR plans based on voluntary allocations, but a rule-based approach might be more effective.
Already India is a global leader in high technology. The nuclear deal will end India's nuclear isolation and enable India to become a global champion of the nuclear renaissance, combating global climate change, USIBC President Ron Somers said.
The lawmakers lacked imagination, he said.
Prime Minister Narendra Modi is not taking along an industry delegation to the US but top representatives of India Inc are likely to travel to New York and Washington to be part of the power-packed business meetings and receptions being hosted for him.
Prime Minister Narendra Modi will move the motion today in the Lok Sabha to choose Om Birla as the Speaker of the lower house amid a tussle for the post with the opposition's Indian National Developmental Inclusive Alliance (INDIA).
Prahlad Chhabria, chief of Finolex Group, has been honoured with a silver platter in recognition of his contribution to 'entrepreneurship' at the prestigious Institute of Directors in London. He also released his autobiography 'There's no such thing as self-made man' on the ocassion. About 220 dignitaries from the diplomatic, political and business community attended the function hosted by SriChand and Gopichand Hinduja, chairman & president respectively of the Hinduja Group.
Vice-President Cheney to address US-India Business Council.
The Washington-based USIBC represents some 350 American companies, including many in Fortune 500 list, like Boeing, Wal Mart, PepsiCo and General Motors and Lockheed Martin that do business in India.
USIBC officials attended the White House Signing Ceremony to witness President Bush's endorsement of the legislation passed by an overwhelming bipartisan majority of the US Congress on December 9, 2006.
Somers said, "Number one, the message has to be that now we are living in a global economy and that a knowledge partnership with India is enabling our American companies team with their Indian partners to remain globally competitive."
Russia and China are tight-fisted and Iran is broke and none of them has the political will or capacity to bankroll the Afghan economy, which only the US can, points out Ambassador M K Bhadrakumar.
Counterfeiting and piracy cost India' s entertainment industry a whopping Rs 16,000 crore (Rs 160 billion) besides gobbling up more than 8 lakh direct jobs every year.
The US-India Business Council has hailed American cooperation in India's first unmanned lunar mission Chandrayaan-I saying it marks the beginning of a new era of trust and partnership between the two countrys in the field of space exploration.
The uncertainty over the fate of the Civil Nuclear Liability Bill in Parliament has caused a considerable amount of concern to members of the United States-India Business Council, as some of them had lobbied feverishly in the US Congress to get the agreement approved.USIBC President Ron Somers voiced his concerns at an interaction with Foreign Secretary Nirupama Rao, during her six-day visit to the United States
Saturday's Quad meeting in Delaware is taking place against the backdrop of China's assertive behaviour in the South China Sea, its sabre-rattling in the Taiwan Strait and increasing footprints in the Pacific and Indian Ocean, asserts Rup Narayan Das.
The meetings with the investors at New York, according to sources, are being organised by the US-India Business Council. The USIBC is the premier business advocacy organization representing America's top companies investing in India, joined by global Indian companies, promoting economic reforms with an aim to deepen trade and strengthen commercial ties.
Reaching a consensus might also get tougher, as already seen with issues like inclusion of natural gas in GST and imposition of a sugar cess, both central proposals being resisted.
'...to prevent this episode from disrupting ongoing cooperation.' 'The discovery of this plot had the potential to derail much of what has been achieved in the relationship during this administration's tenure -- I don't think that fact has been sufficiently appreciated in India.'
The Left Front government led by the Communist Party of India (Marxist) in West Bengal got tributes from the US-India Business Council.
Participating in the 150-minute long debate on Thursday, Chairman of the UK-India Business Council Lord Karan Bilimoria congratulated Lord Paul on his appointment as the Deputy Speaker of the House and said that Non-Resident Immigrants in Britain were now reaching the top positions in every field.
'The die is cast. The wave is for her.' 'We will win this. The numbers are going to be higher than people are saying.' 'It is going to be more closer to Obama's numbers than Biden's numbers.'
Canada has started stressing on education as a trade catalyst with colleges and universities traveling to India and other countries in increasingly large numbers for recruiting students and faculty, signing agreements with foreign universities to work in close partnerships, opening satellite campuses in India, and offering joint degrees.
The Singur fiasco, and the recent Vedic Village mishap, have created a negative image for the state, said Kevin Mc Cole, chief operating officer, UK India Business Council.
After remaining in the positive zone for three months, India's exports contracted 1.2 per cent to $33.98 billion in July, while the trade deficit widened to $23.5 billion.
Reuters reported earlier this week that the Competition Commission of India (CCI) has sent a warning notice to the companies expressing concern that the merged entity will effectively have a monopoly on cricket broadcast rights worth billions of dollars, allowing it to squeeze advertisers.
'A 10 to 15 per cent allocation to gold in portfolios reduces risk without compromising on potential returns.'
