Good Morning! News 27.1.2015 1. India and the US moved to deepen their economic engagement, both striking a conciliatory note on divisive issues such as intellectual property rights (IPR), taxation and a bilateral investment pact, a day after Prime Minister Narendra Modi and President Barack Obama broke the stalemate on the civil nuclear deal between the two countries. 2. Even as Prime Minister Narendra Modi and US President Barack Obama signed an agreement on Sunday to promote clean energy and expand solar energy initiatives, a move widely seen as giving US companies access to the lucrative Indian market, the two countries are preparing to slug it out in the World Trade Organization (WTO) over India’s solar policy. Next week, a dispute settlement panel of the WTO will commence hearings on a trade dispute between Washington and New Delhi over the Indian government’s imposition of local content requirements for solar cells and solar modules under the Jawaharlal Nehru National Solar Mission (JNNSM). 3. US President Barack Obama on Monday announced investments and loans worth $4 billion by American agencies as part of measures to bolster trade with India. 4. There were several firsts to the 66th Republic Day celebrations. It was the first time that a US President was the chief guest at the ceremony. It was the first time that the three wings of the Indian Armed Forces—the Army, Navy and Air Force—had an all-woman contingent each marching down Rajpath. And it was the first time that a woman officer, Wing Commander Puja Thakur, led the guard of honour to welcome the chief guest, US President Barack Obama, at Rashtrapati Bhavan. 5. Indian start-ups, which typically raise equity from venture capital funds, are increasingly attracting non-banking financial companies (NBFCs), angel investors and even companies that provide working capital loans.
Posted on: Tue, 27 Jan 2015 03:44:36 +0000
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