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Indian Americans contribute 5-6% of US income taxes, reveals report

In a groundbreaking analysis of the Indian American community’s impact on the United States, a recent report by Indiaspora and Boston Consulting Group reveals a staggering economic footprint. Despite comprising only 1.5% of the population, Indian Americans contribute 5-6% of the nation’s total income tax revenue, amounting to a substantial $250-300 billion annually. This demographic, numbering 5.1 million strong, has not only bolstered the U.S. economy but also demonstrated remarkable growth in economic competitiveness over the year ..... Read More

India plans MSME global trade body in upcoming budget

The Centre is considering the establishment of a global trade promotion body aimed at enhancing MSME exports, as per sources familiar with the matter. This initiative is being proposed in light of India’s growing trade deficit and the critical need to boost exports. This new entity, modeled after the Japan External Trade Organization (JETRO) and the Australian Trade and Investment Commission (AUSTRADE), will have branches in major global economies. The focus of this organization will be to support MSMEs, which often lack the financial cap ..... Read More

Ramaswamy resists subpoena, cites busy campaign schedule

Indian-American entrepreneur and former US Republican presidential candidate Vivek Ramaswamy has recently found himself in a legal tug-of-war, reminiscent of tactics employed by former President Donald Trump. At a recent campaign event for Trump in Racine, Wisconsin, Ramaswamy announced his intention to avoid testifying in a legal case, citing the demands of his ongoing presidential campaign. According to a report by DailyMail, Ramaswamy is pushing back against attempts to make him give evidence under oath, arguing that his busy campaign schedu ..... Read More

ISRO completes RLV tech demos with successful LEX trio

The Indian Space Research Organisation (ISRO) marked a significant milestone on June 23, 2024, by achieving its third consecutive success in the Reusable Launch Vehicle (RLV) Landing Experiment (LEX). This final test, designated LEX-03, was conducted at the Aeronautical Test Range (ATR) in Chitradurga, Karnataka, at 07:10 IST. Following the successes of the RLV LEX-01 and LEX-02 missions, RLV LEX-03 demonstrated the autonomous landing capability of the RLV under more challenging conditions. This mission tested the vehicle’s performance ..... Read More

India and US in talks to co-produce Javelin missiles

India and the United States are in talks about co-producing American Javelin missiles in India to meet the Indian military’s needs. These discussions were held during a recent high-level visit by US officials to India, defense sources revealed to ANI. The dialogue aims to enhance cooperation between the two nations, particularly in joint military equipment production. The Indian Army’s demand for advanced anti-tank guided missiles (ATGMs) is substantial, prompting the recent acquisition of a limited number of Israeli Spike ATGMs und ..... Read More

PM Modi and Senior Ministers Embark on 18th Lok Sabha Journey

Prime Minister Narendra Modi and his team of Ministers, including Rajnath Singh and Amit Shah, officially began their tenure as members of the 18th Lok Sabha during its inaugural session on June 24. Following his recent re-election to a third consecutive term as Prime Minister, Narendra Modi, representing Varanasi since 2014, took the oath along with his Cabinet on June 9. As the leader of the House, Modi’s oath in Hindi was accompanied by enthusiastic chants of “Jai Shri Ram” from ruling party members. Opposition lawmakers st ..... Read More

T20 World Cup: Rohit Sharma stars as India defeat Australia

Indian captain Rohit Sharma led his team to a commanding 24-run victory over Australia in their crucial final Super Eights match of the T20 World Cup. Opting to bat first on a favorable pitch, Rohit’s explosive innings of 92 runs from just 41 deliveries propelled India to a formidable total of 205 for five. Australia, facing elimination from the tournament, displayed their trademark resilience during the chase. Mitchell Marsh, showing a return to form, contributed 37 runs off 28 balls, while Travis Head, known for his past exploits aga ..... Read More

Eternal Sanctity Unveiled: Shiva Temple Inauguration at Lilleoru, Estonia

In Lilleoru, Estonia, a significant milestone has been reached in our 30-year spiritual journey with the inauguration of the Shiva temple. This momentous event marks a transformative phase at the sacred Kriya Yoga study center, offering spiritual blessings and guidance to all seekers. Rooted deeply in the timeless teachings of Sanātana Dharma, the temple stands as a testament to our unwavering commitment to ancient wisdom and spiritual practices. The temple is dedicated to Lord Shri Karpaga Nadhar, Mother Brahand Nayagi, Vinayagar, Shri Bala M ..... Read More

Four Indian Armed Forces Medical Service officers win 32 medals

Four officers from the Armed Forces Medical Service (AFMS) of India have achieved remarkable success at the 43rd World Medical and Health Games in Saint-Tropez, France, held from June 16 to 23, 2024. Maj Anish George, Capt Stephen Sebastian, Lt Col Sanjeev Malik, and Capt Dania James collectively secured an unprecedented 32 medals, including 19 gold, 9 silver, and 4 bronze medals. Lt Col Sanjeev Malik, in the above 35 years male category, secured five gold medals across events like 800m, 1500m, 3000m, 5000m, cross country, and 4x100m relay. Maj ..... Read More

Exploring Keto Diets’ Role in Enhancing Memory and Brain Health as We Age

Researchers have unveiled a potential mechanism that may explain the improvements observed in aging male mice on ketogenic diets, abbreviated as “keto diets.” The study suggests that cycling male mice between a regular diet and a ketogenic one enhances signaling between synapses in the brain. Dr. John Newman, along with Professor Christian González-Billault from Universidad de Chile and The Buck Institute for Research on Aging, explored the impact of ketogenic diets on aged mice. Previously, Dr. Newman’s work demonstrated tha ..... Read More

Sri Lanka Thanks India for Support During Jaishankar’s Visit

Recently, Sri Lankan President Ranil Wickremesinghe extended his thanks to External Affairs Minister S. Jaishankar and Prime Minister Narendra Modi for their steadfast support to Sri Lanka. Reflecting on his meeting with Jaishankar during the latter’s visit to Sri Lanka, Wickremesinghe highlighted the significant progress made through bilateral cooperation. During Jaishankar’s visit, several housing projects under the Indian Housing Project were inaugurated in regions such as Kandy, Nuwara Eliya, and Matale. Wickremesinghe emphasize ..... Read More

Best IPO half in 17 years: 37 firms raise nearly US$ 3.83B

Businessman hand touching IPO Initial Public Offering sign on virtual screen. The primary market is experiencing robust growth, achieving unprecedented milestones alongside the secondary market. As the first half of the year draws to a close, three initial public offerings (IPOs) are set to conclude, marking the strongest performance in 17 years. According to data from the Prime Database, a total of 37 companies across various sectors have collectively raised nearly US$ 3.83 billion during this period. This represents a fourfold increase compar ..... Read More

Nikki Haley stands out as a robust choice for VP

Speculation swirls around Nikki Haley’s VP prospects in Donald Trump’s camp, but there’s no confirmation she’s under consideration. Trump rebuffed reports suggesting otherwise, despite Haley’s appeal as a conventional choice: a former governor, runner-up in GOP primaries, and possessing executive and foreign policy experience. Her past criticisms of Trump add intrigue to the prospect of her selection, potentially signaling a reconciliatory gesture amid campaign tensions. Picking Haley could sway Republican-leani ..... Read More

S&P Global India: Top 100 Best Companies to Work for 4th year

S&P Global India has reaffirmed its standing among the nation’s leading workplaces, securing the 47th position in India’s Top 100 Best Companies to Work For 2024, accredited by the Great Place to Work Institute. This achievement marks the company’s fourth consecutive year within the top 100 and its second consecutive year in the top 50 among leading organizations. Nilam Patel, Managing Director of S&P Global’s India Operations, expressed pride in the accolade, stating, “We are delighted and humbled to be recognized amo ..... Read More

Ramaswamy meets BuzzFeed CEO, pushes for board seats

Vivek Ramaswamy, a former GOP presidential candidate and current significant shareholder of BuzzFeed, is pushing for transformative changes within the media company. Recently, Ramaswamy engaged in a virtual meeting with BuzzFeed CEO Jonah Peretti, lasting over an hour, with plans for a follow-up in-person meeting later this year, according to Axios. Ramaswamy’s involvement with BuzzFeed has grown since he purchased a substantial 8.9% stake in the company, making him the second-largest Class A shareholder. In late May, he addressed a detailed ..... Read More

Corey Anderson: USA’s Historic Tournament Sets Sky as the Limit

Corey Anderson, a veteran all-rounder, recently reflected on the USA’s ICC T20 World Cup campaign following their third consecutive defeat in the Super Eight stage. Despite the campaign’s less-than-ideal conclusion, there’s a lot to be proud of regarding the team’s achievements and showcased talent. The United States made waves by defeating Pakistan and advancing beyond the initial group stage, signaling their emergence as a competitive force in international cricket. This landmark achievement is expected to inspire a ne ..... Read More

Timing Matters: Optimal Exercise Times for Stable Blood Sugar Levels

Being overweight or obese can lead to various health issues, such as insulin resistance or type 2 diabetes. Once diabetes develops, individuals must monitor their blood sugar levels closely throughout the day to manage fluctuations. Recently, researchers from the University of Granada in Spain investigated whether the timing of moderate-to-vigorous physical activity affects glucose metabolism. Previous studies have indicated that physical activity can enhance blood glucose levels, prompting the researchers to explore if the timing of activity p ..... Read More

PM Modi’s Bilateral Talks with Bangladesh PM Sheikh Hasina

Prime Minister Narendra Modi held bilateral discussions with Bangladeshi Prime Minister Sheikh Hasina at Hyderabad House in New Delhi on Saturday. Randhir Jaiswal, spokesperson for the Ministry of External Affairs (MEA), noted that PM Modi warmly welcomed his Bangladeshi counterpart, highlighting that this marked their tenth meeting since 2019, symbolizing significant advancements in bilateral relations. “Sheikh Hasina, the first foreign leader on a bilateral state visit to India during Modi 3.0, received a ceremonial welcome at Rashtrapa ..... Read More

US-India INDUS-X marks one-year milestone in defence innovation

The US-India INDUS-X initiative, marking its first anniversary, signifies a landmark in bilateral collaboration for defence innovation. Introduced during Prime Minister Narendra Modi’s official visit to Washington, DC, INDUS-X has swiftly advanced mutual commitments through the initiative on Critical and Emerging Technology (iCET). “In its inaugural year, INDUS-X has strengthened the commitment of both nations to establish a defence innovation bridge under the iCET initiative,” stated a release from the US Department of Defenc ..... Read More

India’s electronic manufacturing set to hit US$ 500 bn by 2030

The Confederation of Indian Industry (CII) has published a report outlining essential steps India must take to shift its electronic sector from primarily assembling imports to value-added manufacturing at the component level. According to the report, the demand for components and sub-assemblies in 2022-23 was valued at US$ 45.5 billion, supporting electronics production worth US$ 102 billion. This demand is projected to grow significantly, reaching US$ 240 billion to support US$ 500 billion in electronics production by 2030. Key components like ..... Read More

Vivek Ramaswamy Unveils ‘TRUTHS: The Future of America First’ for 2024

Threshold Editions, an imprint of Simon & Schuster, has announced the upcoming publication of “TRUTHS: The Future of America First” by New York Times bestselling author and former U.S. presidential candidate Vivek Ramaswamy. The book is set to be released on September 24, 2024. In “TRUTHS,” Ramaswamy tackles crucial issues such as climate change, gender ideology, and the existence of God, advocating for uncompromising honesty as a cornerstone for the nation’s survival. The author, who has emerged as a prominent ..... Read More

India urges global anti-terror treaties for cybercrimes at UN

At a recent UN Security Council meeting in New York, India advocated for the application of global anti-terrorism treaties to the cyber domain. This meeting, held on June 20, 2024, focused on evolving threats in cyberspace under the agenda item “Maintenance of International Peace and Security.” During the session, India’s representative highlighted the inadequacies of current international law in addressing cyberattacks. Citing India’s long-standing experience as a victim of terrorism, the representative emphasized the grave nat ..... Read More

Editorial: June 22, 2024 By Raj Shah

As we navigate through another week of enlightening stories and remarkable achievements, our June 22, 2024 edition brings you a plethora of inspiring articles that capture the essence of progress, unity, and cultural revival. This week, we celebrate International Yoga Day, witness a historic moment for USA Cricket, and explore the visionary revival of Nalanda University by Prime Minister Narendra Modi. Each of these narratives reflects a facet of our collective journey towards a more harmonious and prosperous world. June 21: International Yo ..... Read More

West Indies impress against USA, stay in T20 semi-final race

The West Indies maintained their pursuit of a semi-final spot in the ICC Men’s T20 World Cup with an impressive nine-wicket win over the USA in Barbados on Friday. Roston Chase (3/19) and Andre Russell (3/31) excelled with the ball, restricting the USA to a mere 128 runs. Shai Hope’s unbeaten 82* ensured the West Indies reached the target within 11 overs at Kensington Oval. This victory was the West Indies’ first in the Super Eights phase, keeping their semi-final hopes alive if they can secure a win against South Africa in their ..... Read More

India ranks sixth globally in deeptech startups: Nasscom

According to a recent Nasscom-Zinnov study, India hosts over 3,600 startups in the deeptech sector, placing it sixth in the global deeptech ecosystem. Remarkably, more than 480 of these startups were founded in 2023 alone, a number that is double the figure from 2022. Over 100 of these new startups have created intellectual property or innovative solutions in emerging domains, with 74% concentrating on AI, a significant rise from the 62% seen between 2014 and 2022. Despite being recognized as a major hub for global AI talent and boasting the la ..... Read More