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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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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US, SA sign $142B defense sales agreement: WH

Washington, (UNI) US President Donald Trump and Saudi Crown Prince Mohammed bin Salman signed on Tuesday a strategic economic partnership document between the two countries, media reports said. The two leaders also inked a series of bilateral agreements covering various fields, including energy and defense, on the sidelines of a Saudi US summit in the…

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Retail inflation drops to 6-year low in April

New Delhi, May 13 (UNI) India’s retail inflation eased to a nearly six-year low of 3.16 per cent in April, driven by a sharp decline in food prices, particularly vegetables, pulses and meat. According to data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Monday, food inflation dropped to 1.78 per cent,…

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