Trump administration proposes 5pc tax on remittances, would affect money sent home by Indians

Washington/New Delhi, May 16 (UNI) US President Donald Trump’s administration has proposed a 5% tax on all international money transfers made by non-US citizens, which could affect the remittances sent home by the large Non-Resident Indian population in the US. The draft legislation, titled “The One, Big, Beautiful Bill, proposes: “A five percent excise tax…

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LPU terminates all MoUs with Türkiye and Azerbaijan over pro-Pak stand

New Delhi, May 16 (UNI) Lovely Professional University (LPU) on Friday terminated all Memoranda of Understanding (MoUs) with institutions in Türkiye and Azerbaijan, over their pro-Pakistan stance during the India-Pakistan hostilities. The university has formally ended six academic partnerships with institutions in Türkiye and Azerbaijan, citing recent geopolitical developments that it deems contrary to India’s…

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Commercial interests behind Western media highlighting Pak narrative of IAF Rafales being shot down: Ex Indian Envoy

New Delhi, May 16 (UNI) Former Indian Ambassador to France Jawed Ashraf has said that a “massive story” that emerges in the Western media’s coverage of the India-Pakistan hostilities is the manner in which they were targeting the French Rafale by putting out unverified stories about Pakistan downing the IAF’s Rafale fighter jets. In an…

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Global economy in doldrums after Trump’s tariff war

New Delhi, May 16 (UNI) Global economy is at a precarious moment following heightened trade tension, the United Nations has warned. Heightened trade tensions along with policy uncertainty have significantly weakened the global economic outlook for 2025, the Department of the Economic and Social Affairs of the United Nations said in a report. “Higher tariffs…

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