The US Department of the Treasury on Wednesday sanctioned two Indian nationals and one India-based online pharmacy for supplying hundreds of thousands of counterfeit prescription pills containing fentanyl and other illicit drugs to victims across the United States. The move, announced by the Treasury’s Office of Foreign Assets Control (OFAC), named Sadiq Abbas Habib Sayyed…
US President Donald Trump’s latest immigration move has sent shockwaves through the global tech industry. The American president signed a proclamation imposing a $100,000 annual fee on every H-1B visa application on Friday– a decision critics say could cripple America’s innovation engine while simultaneously boosting India’s tech growth story. ‘America’s loss will be India’s gain’ Former…
US President Donald Trump held a call with China’s Xi Jinping on Friday as both sides moved closer to a deal that would allow TikTok to continue operating in the US, the Chinese Embassy in the United States confirmed in a post on X. The conversation is being seen as a possible prelude to a…
In the latest trade escalation, US President Donald Trump, in a letter to NATO nations has urged allies to impose sweeping sanctions on Russia and halt purchases of Russian oil, warning that continued imports undermine the West’s negotiating power against Moscow. “I am ready to do major sanctions on Russia when all NATO nations have agreed,…
The Ministry of External Affairs (MEA) on Friday declined to comment on US President Donald Trump’s latest remarks in which he mentioned India, Russia and China. Trump made the remarks in a post on Truth Social, days after the Shanghai Cooperation Organisation (SCO) Summit in Tianjin, China, which was attended by Prime Minister Narendra Modi…
The United States (US) will emerge as the biggest beneficiary of the complete waiver of customs duty and Agriculture Infrastructure and Development Cess (AIDC) on the import of raw cotton, which was announced by the Centre this month, according to the Global Trade Research Initiative (GTRI). “Under the India-Australia ECTA, 51,000 MT of such cotton…