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US, India launch ‘ease of doing business’ group

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By Arun Kumar

Washington: As India and the US work to increase their bilateral trade five fold to $500 million, they have launched a joint work stream on the Ease of Doing Business while continuing discussions on a bilateral investment treaty (BIT).

The launch of the work stream was announced on the conclusion of the first US-India Strategic and Commercial Dialogue here Tuesday.

External Affairs Minister Sushma Swaraj and Minister of State for Commerce and Industry Nirmala Sitharaman co-chaired the dialogue with their US counterparts Secretary of State John Kerry and Commerce Secretary Penny Pritzker.

The two sides have also agreed to support the efforts of the Harvard Business School and the Indian Institute of Management, Ahmedabad to develop a cluster map. This tool will help Indian companies integrate into global supply chains, strengthen India’s economy and better enable American companies to identify markets for their products and services in India.

Launch of a private sector-led Innovation Forum was also announced. It will serve as an additional avenue through which the two governments seek private sector feedback and input for bilateral discussions.

A fact sheet issued at the end of the dialogue noted that India-US bilateral trade has grown from $19 billion in 2000 to over $100 billion in 2014.

US exports to India totalled $38 billion last year, supporting an estimated 181,000 US jobs. Cumulative Indian foreign direct investment in the US totalled $7.8 billion in 2014; US foreign direct investment into India was $28 billion.

US-India CEO Forum offered suggestions in key areas such as business climate, smart cities and infrastructure financing, supply chain integration (including cold chain), aerospace/defence, and renewable energy among other topics.

On Bilateral Investment Treaty, the fact sheet said India and US plan to continue discussions to assess the prospects for a high standard BIT that would deepen the bilateral economic relationship and support economic growth and job creation in both countries.

The US Commerce Department’s SelectUSA initiative and the Silicon Valley chapter of The Indus Entrepreneurs (TiE) have signed a memorandum of intent to work together to provide Indian entrepreneurs the data and assistance they need to facilitate their expansion into the United States.

SelectUSA will lead the first-ever “India Road Show” to New Delhi, Mumbai, Chennai, and Kolkata on October 13-16, 2015 in order to offer US state, local, and regional economic development organizations the opportunity to directly market their locations to potential investors throughout India.

The US has invited India to participate in the Commerce Department’s ACE (Americas Competitiveness Exchange for Innovation and Entrepreneurship) programme.

At the first meeting of the US-India Information and Communication Technology Working Group, the US put forth a draft work plan to facilitate collaboration and development in support of Prime Minister Narendra Modi’s “Digital India” initiative.

US Deputy Commerce Secretary will lead a Trade Mission to further smart cities development in India and introduce US technologies and solutions to boost the energy efficiency of India’s infrastructure.

The Trade Mission will include visits to New Delhi, Mumbai, and Chennai, and is scheduled to take place on Feb 8-12, 2016.

US has also invited India to participate in the next round of the Global City Teams Challenge (GCTC) organized by the US National Institute of Standards and Technology (NIST).

Participants in the Challenge will work together with other international counterparts in developing a smart city framework and standards and technology road maps for interoperability.

US has also invited India to participate in its Smart Cities Comprehensive Economic Development Strategy (CEDS) Programme.

This programme would initiate a regionally-owned planning process in India designed to build capacity and guide economic prosperity and resilience related to smart city and other projects.

It would provide a coordinating mechanism for individuals, organizations, clusters, local governments, and private industry.

The US Trade and Development Agency (USTDA) has also invited a delegation of Andhra Pradesh and central government officials to the US for a Smart Solutions for Smart Cities Reverse Trade Mission later this year.

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Apple is giving a huge discount on its gadgets: Details inside

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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