On Friday, November 10, the Goods and Services Tax (GST) Council announced the biggest concession on taxes since the new indirect tax system took effect on July 1. The Council reduced the list of items attracting the top 28% tax rate to just 50 from 227 previously. The items that...
India, U.S., to Accelerate Cooperation in the Energy Sector
In the wake of President Trump's and Indian Prime Minister Modi's meeting, the White House released a statement that said, "The United States and India are committed to realizing commercial civil nuclear cooperation, in particular through a contract for six Westinghouse Electric AP-1000 nuclear reactors to be built in Andhra...
India, U.S., to Deepen Defense and Security Cooperation
The U.S. State Department cleared the sale of predator Guardian drones to India, in a deal estimated to be worth $2-3 billion. According to General Atomics, the Predator Guardian UAV, a variant of the Predator B, can be used for wide-area, long- endurance maritime intelligence, surveillance and reconnaissance missions. A joint...
India Launches 100 Satellites on Single Rocket
India's Space and Research Organization disclosed that it had successfully launched more than a hundred nano satellites that weighed less than 22 pounds each, in a single mission. "All 104 satellites were successfully placed in orbit," the space agency’s chairman, A.S. Kiran Kumar, said. These included an Indian Earth observation...
Trump Invites Prime Minister Modi to Visit U.S.
Four days after President Trump was sworn in as the 45th President of the U.S., he invited Prime Minister Modi over a call to visit the U.S. later this year. The Republican President emphasized that the U.S. considers India "a true friend and partner in addressing challenges around the world,"...
Prime Minister Modi To Visit IIT Kanpur
A four-day event beginning on July 12 to mark the first anniversary of 'Skill India', a program aimed at honing the skills of youth so that they become employable, is expected to be held at the Indian Institute of Technology, in Kanpur, where a number of events like debates and seminars...