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Biden admin, US companies welcomed economic reforms by India: Sitharaman

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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 The bill provides for the government to refund the retro tax to companies provided all legal challenges are withdrawn.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.

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“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

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Who is Harun Abdul-Malik Yener? Florida man arrested over bomb threat to New York Stock Exchange

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Who is Harun Abdul-Malik Yener? Florida man arrested over bomb threat to New York Stock Exchange

FBI arrested Harun Abdul-Malik Yener for allegedly planning a bombing at the NYSE to “reset” the US government.

Harun Abdul-Malik Yener, a South Florida resident, has been arrested by the FBI for allegedly plotting to bomb the New York Stock Exchange (NYSE) as part of a plan to “reset” or “reboot” the U.S. government. According to unsealed court documents, Yener faces charges of attempting to use an improvised explosive device (IED) against a “building used in interstate or foreign commerce.”

The investigation into Yener began in February when the FBI received a tip about his possession of bomb-making plans stored in a locked Coral Springs storage unit. Upon executing a search warrant, agents discovered “bomb-making sketches, numerous watches with timers, electronic circuit boards, and other electronics” that could be used to construct explosives, per the criminal complaint.

ALSO READ| Florida man says ‘I feel like Bin Laden’ after arrested over alleged plot to bomb New York Stock Exchange

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Court documents reveal that Yener was not only active on YouTube, posting videos on making explosives and fireworks, but also had a history of making threats.

Harun Abdul-Malik Yener wanted to ‘reset’ US government

Back in March, Yener admitted to undercover federal agents that he had experience in creating “rockets” and “bombs” and had previously sought to join a “domestic extremist group.” He also revealed that in 2015, he had considered travelling to Iraq to join ISIS but ultimately decided against it, doubting the group’s ability to accomplish “their objectives.”

Yener also attempted to join extremist groups such as the Boogaloo Bois and the Proud Boys but was reportedly denied membership due to his stated desire to “pursue martyrdom.”

Yener allegedly shared his plot to attack the NYSE with an undercover FBI agent, identifying November 18 as his intended date for the bombing. He wanted to “reboot” or “reset” US government through the “bombing”.

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“There is one place that would be hella easy… the stock exchange, that would be a great hit. Tons of people would support it. They would see it and think, dude, this guy makes sense, they are [profanity] robbing us. So that’s perfect,” he told the undercover agent.

ALSO READ| Heartbreaking video shows Laken Riley’s family learning of her murder, shattered mom collapsing, ‘It’s my daughter’

On November 12, Yener reportedly made several audio recordings he planned to send to NBC News following the attack. He expressed his vision of the explosion as being comparable to a nuclear event, saying, “I feel like Bin Laden.” He allegedly added that the detonation would ensure “[a]nything outside” the building “will be wiped out” and “anything inside there would be killed.”

Following his arrest, Yener made his first court appearance and remains in custody as he awaits trial.

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