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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