Author - Tejram Sharma

Indian American IIT Kanpur alum donates $2.5M for setting up medical school


New York: The Micky and Vinita Pant Charitable Fund, founded by IIT Kanpur alumnus Muktesh Pant and his wife Vinita, on Saturday announced the signing of an MoU with his alma mater to support the establishment of the School of Medical Research and Technology (SMRT). The MoU, amounting to $2.5 million, is the first such...

India’s 2021 economic output may remain below 2019


New Delhi: Although India is witnessing a recovery in economic activities and businesses, its economic output is expected to remain below the 2019 level, said a report by US Economic and Social Commission for Asia and the Pacific (ESCAP).   For FY22 starting April 1, the USESCAP report has projected a growth rate of 7 per...

NRI investments on non-repatriation basis not indirect foreign investments

Post Date: April 1, 2021

New Delhi: Investments made by non-resident Indians (NRIs) on a non-repatriation basis will not be considered for calculation of indirect foreign investment. The Department for Promotion of Internal Policy and Trade (DPIIT) under the Ministry of Commerce and Industry has reviewed the policy on downstream investments made by non-resident Indians (NRIs). This means an addition to...

SC verdict validates ethics of Tata Group: Ratan Tata


New Delhi: Appreciating the Supreme Court judgment which set aside the NCLAT order that had restored Cyrus Mistry as the executive chairman of the Tata Sons, Ratan Tata, the Chairman Emeritus of Tata Sons said that the verdict is a validation of the values and ethics of the group. "It is not an issue of...

US proposes action against India’s equalization levy


New Delhi: The United States Trade Representative has announced initiation of investigation against the taxation on digital services adopted or under consideration by countries including the equalization levy applied by India. The other counties under investigation included Italy, Turkey, UK, Spain and Austria. A statement from the office of the USTR said that in January it...

South Carolina chapter of Indian American International Chamber of Commerce inaugurated


The Governor of South Carolina, Henry McMaster declared March 24 as the “IAICC-South Carolina Chapter Day” in  a proclamation, at the inauguration of the Indian American International Chamber of Commerce South Carolina Chapter at the Governor’s Mansion in  Columbia, South Carolina.   Governor McMaster presented the proclamation to KV Kumar, President & CEO of IAICC at...

World Vegan Vision & Hunger Free Zone provide free vegan meals to needy in Baltimore


Baltimore: One in four people in Baltimore city are struggling with hunger and food insecurity. With the Coronavirus pandemic and the closing of local schools and businesses, the need to provide food for those in need is vital. That is where organizations like Hunger Free Zone & World Vegan Vision come in. On Sunday, Hunger Free Zone...

USA Today editor fired for a tweet on Colorado shooting


New York: A race and inclusion editor for USA Today's Sports Media Group wrote in a blog post published Friday that she was fired over an inaccurate tweet about the Colorado shooting, and accused the media company of being "subservient to white authority." In her Medium post, the editor, Hemal Jhaveri, opened by saying, "I am...

School in Texas to be named after Indian-American community leader Sonal Bhuchar


Houston: An elementary school in Texas will be named after an Indian-American trailblazer Sonal Bhuchar so that her legacy in education and philanthropy continues for generations to come. The Fort Bend Independent School District (FBISD) Board of Trustees unanimously approved naming upcoming elementary school 53, after Sonal, who died of cancer complications at the age of...