indicanews

India on Friday, August 7, firmly rejected criticism by U.S. Congressman Riley Moore over proposed changes to the Foreign Contribution (Regulation) Act (FCRA), saying that legislation passed by Parliament is an internal matter and pointing out that many countries, including the United States, regulate the flow of foreign funds.

India plans to use e-commerce as a bigger growth engine for its small businesses after the government amended its Foreign Direct Investment (FDI) rules to support large-scale online retail and expand market access for traditional products, Commerce and Industry Minister Piyush Goyal said on Friday, August 7.

Indian technology professionals seeking U.S. permanent residency could face a more demanding green card process after a Republican senator called for stricter hiring rules for employers sponsoring foreign workers.

In what is being viewed as the emergence of a NATO-style Islamic alliance, Saudi Arabia, Turkey and Pakistan have signed a defense agreement which clearly states that an attack on one of them would be treated as an attack on all three.

Saumitra Jha, Associate Professor of Political Economy at the Stanford Graduate School of Business, has been named a finalist for the prestigious Social Science Breakthrough of the Year by the Falling Walls Foundation. The international recognition honors his work on Breaking through the Ethnic Growth Trap, an ongoing research initiative that examines how societies can overcome entrenched intergroup divisions to build lasting stability and economic progress.