Politics
Biden admin, US companies welcomed economic reforms by India: Sitharaman
Finance Minister Nirmala Sitharaman has said that the Biden administration as well as leaders from the corporate sector in the US have welcomed as a very positive step the reforms undertaken by the Indian government, particularly the withdrawal of the retrospective tax.
In August, Parliament passed a bill to scrap a tax rule that gave the tax department power to go 50 years back and slap capital gains levies wherever ownership had changed hands overseas but business assets were in India. The bill provides for the government to refund the retro tax to companies provided all legal challenges are withdrawn.
“The reforms that we’ve undertaken, particularly the steps taken for the withdrawal of the retrospective tax has been mentioned by the United States administration as a very positive step,” Sitharaman said.
“The businesses with whom we have been interacting have also welcomed that decision,” she told reporters here at the conclusion of the Washington DC-leg of her US trip on Friday.
“We have spoken about it. The two countries would like to carry on the negotiation and conclude at the earliest,” she said.
“But on the larger issue of the trade itself, is something which commerce (ministry) is working together with the (American) counterpart. So, I have not engaged in depth into that,” she said.
No stranger to India-US relationship, as she played a key role in this during her previous stints as the commerce and defence minister, this was Sitharaman’s first trip to the US after the Covid pandemic hit both the countries.
News Source : The Tribune
Yahya Sinwar, who was the alleged mastermind behind the October 7 attacks, was killed in Gaza on Wednesday.
The Israeli Defence Forces or IDF released footage from a drone on Friday that captured Hamas chief Yahya Sinwar moments before his death in a firefight against the troops in Gaza’s Rafah on Wednesday.
The video shows a building filled with debris, where a man is sitting on an armchair covered with dust with his face wrapped, who is supposedly Sinwar. He then proceeds to throw a stick towards, the drone but misses.
Also Read: Yahya Sinwar killed: Why is Hamas chief death significant?
Along with Sinwar, the IDF also confirmed the death of two other “terrorists”.
Yahya Sinwar took over as the chief of Hamas after the killing of Ismail Haniyeh in July 2024. He was supposedly the architect of the attack on Israel on October 7, 2023, which sparked the conflict in the Gaza strip.
Also Read: Yahya Sinwar death live updates: Netanyahu vows Gaza war ‘not over’ after Israel kills Hamas chief
Sinwar’s death has been celebrated by Israel as well as its key allies, the US and France.
After Sinwar’s death Israeli prime minister Netanyahu released a video statement, where he stated, “Today we have settled the score. Today evil has been dealt a blow but our task has still not been completed.”
U.S. State Department spokesperson Matthew Miller called Sinwar the “chief obstacle” to ending the war and expressed hope for more headway in the peace process.
French president Emmanuel Macron has also expressed the hope that hostages will be returned now that the political head of the militant organisation is dead.
However, Iran, has stated that the death of Sinwar will only serve as a catalyst for further resistance against Israel.
The Hezbollah also proclaimed that after the death of Sinwar they were going to “transition to a new and escalating phase in the confrontation with Israel.”
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