Senate Republicans Block Bill, Possibly Shutting Down US Economy

The US Senate voted 48-50 to begin the debate on the measure the House already passed, which wasn't enough to overcome a Republican filibuster, requiring 60 votes Senate Republicans blocked a House-passed bill to suspend the debt limit and avert a government shutdown from advancing […]

A Comparative Study of India’s Inflation during UPA Vs NDA Government (Dr. ManMohan Singh Government Vs. of Modi Government)

Dr. ManMohan Singh became Prime Minister on 22 May 2004, and he remained in office until 26 May 2014. After that Narendra Modi government has been continuously in power. This article dwells into how both governments faired on controlling inflation in India. We first took […]

Is U.S. Losing The Race To Decide The Future Of Money?

In cities across China, the country’s central bank has begun rolling out the e-renminbi—an all-digital version of its paper currency that can be accessed and accepted by merchants and consumers without an internet connection, credit or even a bank account. Already having conducted more than […]

Take Advantage of This ‘Fantastic Opportunity’ To Pay Off Student Loans

If you have federal student loan debt, you now have approximately six months to prepare for payments on that debt to restart. Last week, President Joe Biden’s administration announced it is stretching out the moratorium on federal student loan payments until Jan. 31, 2022. This […]

Bitcoin Is Now Official Currency In This Country

El Salvador has become the first country to adopt bitcoin as legal tender on September 7th, a real-world experiment proponents say will lower commission costs for billions of dollars sent from abroad but which critics warned may fuel money laundering.  The change means businesses should […]

As Amazon Stocks Stumble, Jeff Bezos Loses Title As Richest Person On The Planet

Jeff Bezos, the multibillionaire has lost the title as the richest person on earth as his net worth actually tumbled — by $13.9 billion in one day, August 2nd.   Bezos’ net worth fell because Amazon’s AMZN, +0.12% stock price took a hit last week, sliding 7% after the company reported less-than-anticipated second-quarter […]

NRI Appointed As Vice-Chairman Of Abu Dhabi Chamber Of Commerce

The crown prince of Abu Dhabi & deputy supreme commander of the UAE Armed Forces, Sheikh Mohamed Bin Zayed Al Nahyan appointed Indian-origin businessman Yusuffali MA as the vice-chairman of Abu Dhabi Chamber of Commerce and Industry (ADCCI). The 65-year-old businessman is the only Indian […]

In Retaliation For Critical Coverage, Modi Government Raids Top Indian Media

Indian tax authorities on Thursday, July 21, 2021,  raided one of the country’s most prominent newspapers in what journalists and the political opposition denounced as retaliation for the outlet’s hard-nosed coverage of the government’s pandemic response. The DainikBhaskar Group, whose Hindi-language broadsheet boasts a combined […]

Financial Literacy Movement Launched By Sal Khan & Others

A group of business, sports, entertainment and nonprofit leaders, including Khan Academy’s Indian American founder and chief executive officer Sal Khan, has banded together to launch the “Financial Literacy for All” initiative. The initiative, which launched June 21, will support embedding financial literacy into American […]

Dr. Kiran Patel Invests In Mumbai-Based EV Charging Startup

An eminent Indian-American cardiologist and philanthropist, has raised more than $15mn in Series A funding for a Mumbai-based electric vehicle charging solutions company, Magenta EV Solutions. Besides being a cardiologist, Dr. Kiran Patel is a billionaire and a serial entrepreneur. “My wife and I have […]

India Denies State-Owned Banks Will Withdraw Funds From Foreign Currency Accounts

The Indian government has denied reports that it has asked state-owned banks to withdraw funds from foreign currency accounts abroad in anticipation of their potential seizure with regard to the Cairn legal dispute, terming such information as “false and baseless”. “Condemning all such source-based reports […]

Elon Musk Says, Tesla Will Not Accept Bitcoin For Transactions

Tesla has suspended customers’ use of bitcoin to purchase its vehicles, Tesla’s billionaire CEO said last week, citing concerns about the use of fossil fuel for bitcoin mining.Elon Musk said the company had suspended use of bitcoin for purchase of its electric vehicles, citing fears about […]

Gautam Adani World’s Biggest Wealth Gainer, Adds $16.2 Billion In 2021

Adani Group Chairman Gautam Adani has achieved a remarkable milestone amid the Covid-19 pandemic, as he added the highest wealth to his fortune in the world, as per the latest Bloomberg Billionaires Index. The Bloomberg Billionaires Index showed that so far in 2021, Adani has […]

Senate Passes $1.9 Trillion Coronavirus Relief Package

The US Senate approved President Biden's $1.9 trillion coronavirus relief plan Saturday, March 7th securing additional aid for American families, workers and businesses — and a legislative victory for the Biden administration. After more than 24 hours of debate, the evenly divided Senate voted 50-49 to […]

Reliance Acquires Majority Stake In US-Based Skytran Inc

Reliance Strategic Business Ventures Limited (RSBVL), a wholly-owned subsidiary of Reliance Industries Limited (RIL), announced on Sunday that it has acquired majority stake in its investee company skyTran Inc for a consideration of $26.76 million. With this transaction, RSBVL has increased its shareholding to 54.46 […]

America’s Billionaires Have Grown $1.1 Trillion Richer During The Pandemic

Billionaires are minting money during the pandemic, even as millions of Americans join the ranks of the poor. US billionaires have collectively become $1.1 trillion -- nearly 40% -- richer since mid-March, according to a report published Tuesday by progressive groups Institute for Policy Studies […]

UN Expects India’s Economy To Recover By 7.3% This Calendar Year

The United Nations sees the Indian economy recovering by 7.3 per cent this calendar year after a coronavirus-driven fall of 9.6 per cent last year. The UN’s World Economic Situation and Prospects 2021 report released on Monday said that “despite drastic fiscal and monetary stimulus” […]

Biden’s $1.9 Trillion Covid Relief Proposal Has Ambitious Plans for Rekindling US Economy

President-elect Joe Biden unveiled a $1.9 trillion relief package Thursday that included more stimulus payments and other direct aid, but don't expect to see those funds in your bank account anytime soon. There's a lot that has to happen before Biden's plan -- which is chock-full of […]

Kiran Mazumdar-Shaw Is New Vice-Chair Of US-India Business Council

US-India Business Council (USIBC) has selected Biocon Executive Chairperson Kiran Mazumdar-Shaw as one of its vice-chairs effective immediately. US Chamber of Commerce's USIBC on January 14 announced three vice-chairs to its 2021 Global Board of Directors. The two other business executives joining Shaw as vice-chairs […]

IAPC Seminar ByAlberta And British Columbia Chapters On Global Economy In The Post-Covid Era

“Covid pandemic globally impacted meticulously by various factors like globalization severely disrupted, the digital revolution accelerated, and inequality in all the sectors drastically increased," said Dr. EtayankaraMuralidharan, Ph.D. (School of Business, MacEwan University, Edmonton, Canada.), commencing the Zoom conference on Saturday, January 9th, 2021.   […]

World Bank To Fund $500 Million ‘Green’ Highways Project In India

India and the World Bank on Tuesday signed a $500 million project to build safe and green national highway corridors in the states of Rajasthan, Himachal Pradesh, Uttar Pradesh and Andhra Pradesh. The project will also enhance the capacity of the Ministry of Road Transport […]

Lawmakers Urge President-Elect Joe Biden to Preserve Work Authorization for H-4 Visa Holders

Over 60 members of the US Congress, including all four members of the ‘Samosa Caucus,’ wrote a letter to President-elect Joe Biden Dec. 16, urging him to preserve work authorization for H-4 visa holders. H-4 EAD is granted to the spouses of H-1B visa holders […]

Trump Backs Down, Signs Covid Stimulus Package

Responding to multiple calls and prompting s from leaders from both the political Parties, President Donald Trump, finally signed into law a major coronavirus stimulus/survival package along with an annual spending bill on December 27th night, avoiding a government shutdown before a Monday night deadline. […]

With Congress Approving Stimulus Bill, When Will You Get A Second Stimulus Check?

A second round of stimulus payments is included in a coronavirus relief package struck by congressional leaders late Sunday after months of negotiations between Congressional leaders from both the major political parties. US Congressional Lawmakers voted Monday on the deal, which would provide for $600 checks, but experts […]

Protesting Indian Farmers Call For 2nd Strike In A Week By SHONAL GANGULY (AP News)

Tens of thousands of protesting Indian farmers called for a national farmers’ strike on Monday, the second in a week, to press for the quashing of three new laws on agricultural reform that they say will drive down crop prices and devastate their earnings. The farmers […]

GOPIO-CT Organizes Experts Panel On 2021 Tax Planning and Tax Saving Tips

With the year 2020 with all the uncertainties due to the Covid pandemic coming to a close, most of us, especially the Indian Americans are getting ready to file the annual Tax Returns. With ever changing Tax Laws, and in the context of the Covid […]
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