U.S. reiterates threat of sanctions over Triumf deal

An US official has said that India should not assume that it will get a waiver from U.S. sanctions if it goes ahead with its purchase of the S-400 Triumf missile system from Russia. Further, Indo-U.S. defence relationship might also get affected. India’s planned defence procurement of S-400 Triumf missile system from Russia could potentially… Continue reading U.S. reiterates threat of sanctions over Triumf deal

US President Donald Trump terminates preferential trade status for India under GSP

The USA has terminated India’s designation as a beneficiary developing nation under the Generalized System of Preferences (GSP) programme. The US has terminated India’s designation as a beneficiary under GSP highlighting concerns over India not allowing equitable and reasonable access to its markets. The decision of U.S comes in the backdrop of issues like (a)… Continue reading US President Donald Trump terminates preferential trade status for India under GSP

U.S. State Department approves sale of 24 MH-60R copters worth $2.6 bn to India

The United States has approved the sale of 24 multi-role MH-60R Seahawk maritime helicopters to India at an estimated cost of USD 2.6 billion. The Seahawks are multi-mission maritime helicopter developed by Lockheed Martin.These multi-role helicopters can perform a variety of functions including (a)anti-submarine warfare (b)anti-surface warfare, (c)surveillance (d)communications relay (e)combat search and rescue, (f)naval… Continue reading U.S. State Department approves sale of 24 MH-60R copters worth $2.6 bn to India

India in pact to ease U.S. firms’ compliance

India and the US has signed an Inter-Governmental Agreement for exchange of Country-by-Country (CbC) reports of multinational companies regarding income allocation and taxes paid to help check cross-border tax evasion.This is a key step in making India compliant with the Base Erosion and Profit Shifting (BEPS) Action 13 report of which India is an active… Continue reading India in pact to ease U.S. firms’ compliance

Chinook will improve reaction capabilities,says IAF

The Indian Air Force has inducted four CH-47 Chinook choppers from the United States.The Chinook choppers will be used for various military purposes including deploying of troops and machinery at high-altitude locations along the India-Pakistan border. Chinook helicopters are an advanced multi-role,vertical lift military helicopter manufactured by US aerospace company Boeing.It is twin-engined,tandem rotor,heavy-lift helicopter.It… Continue reading Chinook will improve reaction capabilities,says IAF

White House receives proposed regulation to end work authorisation for spouses of H1-B Visa holders

White House has received the proposed changes in the existing regulations to end the work authorisation for spouses of the holders of H-1B visas. The H-1B visa is a non-immigrant visa.It allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise.Dependents of H-1B visa holders get H-4 visas. In… Continue reading White House receives proposed regulation to end work authorisation for spouses of H1-B Visa holders