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Pompeo commends ban on Chinese apps, terms clashes 'initiated' by PLA in Ladakh 'unacceptable behaviour'
•Speaking at the USIBC India Ideas Summit, the US Secretary of State said India has a chance to attract global supply chains away from China and reduce its reliance on Chinese companies
India has opportunity to build a more resilient and diverse economy after coronavirus pandemic: USIBC
•Nisha Desai Biswal, the president of the US India Business Council (USIBC) said India is expected to benefit as it is expected that businesses will want to de-risk in having too much of a supply chain concentrated in one area and try to diversify and disperse
India to buy $5 bn worth of oil, gas from US, spend $18 bn in defence equiment, says Indian envoy
•In the last two years, the Indo-US bilateral trade has increased from $119 billion to $140 billion
US urges Arun Jaitley to reduce tax uncertainty for MNCs, help draw foreign direct investments to India
•Ahead of the Budget, corporate America has urged Finance Minister Arun Jaitley for further reduction in tax uncertainty for multinational companies and institutional investors, a step which it said would help attract more foreign direct investments to India.
H-1B visa row: US Chamber of Commerce opposes US proposal to introduce stricter norms
Ians •Amid reports of the US administration's plans to introduce stricter norms for issuance of H1B visas, US Chamber of Commerce has voiced its opposition to the move
US defence firms keen on joint ventures with Indian companies, seek safety of classified intelligence
•Leading US defence firms are pushing for a specific framework in India to ensure the safety and security of critical technology and classified defence information when they are shared with the Indian private sector for joint ventures in India
Executive chairman of US India Business Council takes 10 percent stake in Indian speech analytics firm Uniphore
•Headquarted in IIT Madras Research Park, Uniphore Software Systems was incubated in 2008 and currently has offices in India, Singapore and the UAE.
US defence firms want to control the technology, while offering production lines in India: Report
•US defence firms offering to set up production lines in India, want stronger assurances they won’t have to part with proprietary technology.
GST bill is a game changer for India, will improve country's ranking in World Bank: USIBC
•he US India Business Council has termed the passage of GST bill by the Indian Parliament as a "game-changer", saying it is a significant milestone
What Narendra Modi said in the US: The ultra-executive summary
Fp Staff •Prime Minister Narendra Modi's fourth US visit as India's head of government was marked by two equally well-received speeches. Here's a summary