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Pompeo meets PM Modi, discusses key strategic issues

Agencies
June 26, 2019

New Delhi, Jun 26: US Secretary of State Mike Pompeo met Prime Minister Narendra Modi on Wednesday and discussed various aspects of the bilateral relationship to strengthen the India-US strategic partnership.

Pompeo, who arrived here last night, will hold detailed discussions with External Affairs Minister S Jaishankar in the afternoon and have a working lunch with him.

"Working together to further deepen our strategic partnership. Secretary Pompeo called on PM Narendra Modi to exchange views on various aspects of Indo-US relationship. PM will meet President Donald Trump on the sidelines of the upcoming G20 Osaka Summit," Ministry of External Affairs Spokesperson Raveesh Kumar tweeted along with pictures of the meeting.

Ahead of the strategically-important India-US talks, diplomatic sources on Tuesday said India meets the US waiver criteria for procuring the S-400 missile defence system from sanctions-hit Russia, and asserted that New Delhi cannot "wish away" its defence ties with Moscow.

Russia's most advanced long-range surface-to-air missile defence system, the S-400 was first bought by China to seal a government-to-government deal with Russia in 2014.

After talks between Prime Minister Narendra Modi and Russian President Vladimir Putin, a deal for the S-400 air defence system deal, between India and Russia was made in October last year.

Besides India's missile defence system deal with Russia, terrorism, H-1B visas, trade and the situation arising out of US sanctions on buying oil from Iran, are likely to be discussed on Wednesday during the talks between Jaishankar and Pompeo.

H-1B Visa:

The H-1B visa, popular among Indian IT professionals, is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise.

"Indians have contributed under the H-1B programme to the US economy, and I think the Secretary will be able to assure the Indian leadership that we have no plans to place caps on H-1B work visas for nations that are having foreign companies store data locally," a Senior State Department official told reporters during a conference call, according to PTI.

The H-1B visa programme is the main vehicle through which US employers can sponsor skilled foreign workers for admission. The Senior State Department Official appreciated the steps India has taken to reduce its crude oil imports from Iran.

Trade:

The Trump administration wants Prime Minister Narendra Modi to lower trade barriers and embrace fair and reciprocal trade, the United States said on Tuesday. Bilateral trade is likely to be an important topic of discussion during Pompeo talks with the Indian leadership. US companies see great opportunity in India, and increased economic openness and investment will yield mutual benefit.

Pompeo's meeting:

Pompeo's talks here will be the first high-level interaction between the two countries after return of the Modi government to power last month.

Pompeo's visit comes ahead of a meeting between US President Donald Trump and Modi on the sidelines of the G20 Summit in Osaka, Japan later this week.

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News Network
June 11,2020

New Delhi, Jun 11: Petrol and diesel prices on Thursday were hiked by 60 paise per litre each - the fifth straight daily increase in rates since oil PSUs ended an 82-day hiatus in rate revision.

Petrol price in Delhi was hiked to Rs 74 per litre from Rs 73.40 while diesel rates were increased to Rs 72.22 a litre from Rs 71.62, according to a price notification of state oil marketing companies.

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.

This is the fifth daily increase in rates in a row since oil companies on Sunday restarted revising prices in line with costs, after ending an 82-day hiatus.

In five hikes, petrol price has gone up by Rs 2.74 per litre and diesel by Rs 2.83.

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Agencies
March 1,2020

Washington, Mar 1: Beginning April 1, Indians wishing to immigrate to America will now have to pay an additional $50,000 for the EB-5 or the US investor visa, a media report said.

Although, this additional tax would impact all visa categories, it will predominantly create a barrier for people investing in the EB-5 visa programme, the American Bazaar daily said in the report on Friday.

In 2019, the EB-5 investor visa programme, for the first time since the 1990's, increased the minimum investment amount to $900,000.

With this increase in minimum investment, the new 5 per cent additional tax would mean that applicants would have to pay the extra $50,000, when they move money to an escrow account in the US to fulfil their application criterion.

"The changes to the tax on remittances is a reminder to Indians to carefully plan their tax position before making the move to the US," the American Bazaar quoted Mark Davies, Global Chairman, Davies & Associates LLC, as saying.

"People seeking to emigrate who do not wish to pay this tax at source and rather account for it later may wish to move their money ahead of the new rules coming into effect.

"It is possible to pre-emptively move money into an escrow account in the US until such a time as they are ready to proceed with emigration process," he added.

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News Network
March 3,2020

Daman, Mar 3: A BJP councillor was shot dead on Monday in the Union Territory of Daman, police said.

Salim Memon was sitting in his motorcycle showroom when three to four unidentified persons shot four to five bullets after asking a visitor there to move out, an official said quoting eye-witnesses.

While fleeing, they also shot two rounds close to this visitor who was standing outside, he said.

"Memon was rushed to a hospital in Marwad area but was declared dead on arrival. CCTV footage is being scanned to nab the culprits," said Daman Superintendent of Police Vikramjit Singh.

Memon was elected to Daman municipality as a Congress candidate but then switched over to the BJP.

Sources said Memon, who also has a land brokerage business, had come out of jail a few months back in connection with a case of rivalry.

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