Private companies sitting on large reserves of capital must step up and invest in India’s growth journey, the Economic Advisory Council to the Prime Minister (EAC-PM) said on Sunday, underlining that investments and exports will be the key drivers of the country’s economic expansion.“Investments and exports will drive growth… private sector has a lot of…
States’ expenditure on salaries, pensions, and interest payments has surged nearly 2.5 times over the past decade, highlighting the rising share of committed spending in state budgets, according to the latest report by the Comptroller and Auditor General of India (CAG).The report, State Finances 2022-23, shows that combined committed expenditure across 28 states rose to…
Foreign portfolio investors (FPIs) have withdrawn Rs 7,945 crore from Indian equities in September so far, weighed down by global uncertainties including tariffs and ongoing geopolitical tensions, according to depository data. The sell-off follows heavy outflows of Rs 34,990 crore in August and Rs 17,700 crore in July, taking the total net equity outflow by…
NEW DELHI: A day after US President Donald Trump imposed a $100,000 fee on H-1B visas, Union commerce minister Piyush Goyal reacted to the development by claiming that the world is “a little afraid of Indian talent”.Goyal shared a video clip from a speech on social media, asserting that “different countries across the world also…
India-US last-minute flights spike after H-1B fee news, reports MakeMyTrip Last-minute India-US travel bookings surged on Sunday after the Trump administration announced a $100,000 fee for new H-1B visa petitions, according to MakeMyTrip.US President Donald Trump signed a proclamation introducing the fee, aimed at allowing only “extraordinarily skilled” workers into the country and discouraging firms…
Azerbaijan has resumed crude oil exports to India after a 10-month break, resolving the pricing issue that had led to the halt in supplies, according to people familiar with the matter. In August, Azerbaijan exported 1,747.07 tonnes of crude oil to India, valued at $781,520, according to its customs data, as cited by ET.Energy cooperation…
Representative image NEW DELHI: Over 5 lakh Indians could be hit by the Trump administration’s decision to impose a hefty $100,000 fee on H-1B visas, prompting India’s IT ministry to go into mission mode. The ministry has begun coordination with the Indian embassy in Washington DC and is working to ease the entry of Global…
New Delhi: The decision to hike H-1B visa fees will choke US innovation and boost India’s, former G20 Sherpa Amitabh Kant said Saturday. “By slamming the door on global talent, America pushes the next wave of labs, patents, innovation and startups to Bengaluru, Hyderabad, Pune, Gurgaon,” he wrote on X.“India’s finest doctors, engineers, scientists and…
White House justified its $100k for H-1B visa move citing concerns over cheap “foreign labour” replacing American workers in the United States. It noted the rise in unemployment rates among computer science graduates, doubling of foreign STEM workers in the States.“Unemployment among recent computer science graduates has reached 6.1 per cent and 7.5 per cent…
TOI correspondent from Washington: The Trump White House has walked back a more stringent interpretation of the enhanced $ 100,000 H1B visa fee, clarifying it does not impact current visa holders and applies only to visa applicants in the next lottery cycle which starts around March 2026. Directly contradicting US Commerce Secretary Howard Lutnick’s statement…
