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India’s Trade Deficit with China Rises $53 Billion in Fiscal Year 2016

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SAN FRANCISCO (Diya TV) — India’s trade deficit with its neighbors in China increased to $52.69 billion in 2015-16 from $48.48 billion the previous year, the country’s parliament was informed Monday.

From a period stretching April through September, the deficit was north of $25 billion alone, according to a written statement from Commerce and Industry Minister Nirmala Sitharaman.

“Increasing trade deficit with China can be attributed primarily to the fact that Chinese exports to India rely strongly on manufactured items to meet the demand of fast expanding sectors like telecom and power,” she said.

India are currently negotiating the Regional Comprehensive Economic Partnership trade agreement keeping in view “its offensive export interests” as well as sensitivities with respect to all participating countries including China, she said. Sitharaman added that efforts to increase overall exports is currently underway through the diversifying of trade baskets with emphasis on manufactured goods, services, resolution of market access issues and other non-tariff barriers.

The minister said that per the regulations of the WTO, which both nations are members of, any restrictions imposed on trade needs to be WTO compliant. No blanket ban can be imposed on China or any other member country under the WTO framework, she added.

Sitharaman said India’s import of bulk drugs from China stood at $1.63 billion in 2015-16, which represents 64 percent of India’s total bulk drug imports. Overall, India had imported such drugs worth $2.5 billion last fiscal year.

“Efforts are being made for revival of (Active Pharmaceutical Ingredient) API industry to lessen dependency on import of key starting materials, intermediates and bulk drugs including from China,” the minister said.

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Indian Ambassador, Shringla speaks to U.S. Congress about Kashmir

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AMB. Shringla speaks to congress about Kashmir | Diya TV News

WASHINGTON (Diya TV)  — Indian Ambassador to the U.S. Harsh Shringla met with members of Congress at a private roundtable briefing, hosted by Southern California Congressman Brad Sherman. Sherman, who has been a supporter of India, took to Twitter recently to share his concerns about Kashmir and said serious questions about Kashmir were asked at the briefing.

President Trump is being urged to fix the H1-B visa process and do away with country-specific limits, with the latest effort for reform being spearheaded by 60 U.S. business school deans and CEO’s.

In an earthquake, seconds matter. So on the anniversary of the deadly 1989 Loma Prieta earthquake that rocked Northern California, state officials announced the launch of America’s first statewide earthquake early warning system.

Tabla Maestro Zakir Hussain will be coming to Boston next month to perform at the Berklee India Exchange, where he will also be conferred with an honorary doctorate by the esteemed music school. A Zakir Hussain Scholarship at Berklee is also being established.

And we have incredible video of three kids from India rescuing their dog from a snake that’s equal parts courageous and nuts.

Ravi Kapur contributed to this report.

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Federal Court rules Trump must turn over tax returns | Diya TV News

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Trump Tax Returns

NEW YORK (Diya TV) — A federal judge ruled President Trump must turn over eight years of his personal and corporate tax returns to Manhattan prosecutors, striking down the President’s argument that a sitting president cannot be criminally investigated. The ruling was quickly appealed and this case could end up in the Supreme Court to answer the constitutional question of whether presidents can be charged with a crime.

Meanwhile, the President celebrated a victory by FCC Chairman Ajit Pai, as a federal appellate court upheld most of the FCC’s repeal of net neutrality. It also ruled the FCC cannot preempt state net neutrality laws, meaning the rules of the road in states like California remain in place.

The U.S. House Foreign Affairs Committee announced their Asia-Pacific and Non-Proliferation Subcommittee will be holding a hearing asking State Department officials and human rights activists to chime in on Human Rights in Kashmir, the Tamils of Sri Lanka, Muslims in Assam and the human rights situation in Pakistan, which includes the Sindh Province.

Lockheed Martin announced they will build F-16 wings exclusively in India, helping in integrating Indian industry into the $165 billion fighter aircraft market.

Ravi Kapur contributed to this report.

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Tech CEO Pradyumna Samal convicted of large scale H1B fraud

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Pradyumna Samal

SEATTLE (Diya TV) — Tech CEO Pradyumna Samal was convicted of large scale H1B fraud. The CEO of two companies that supplied workers to companies like Microsoft and Amazon plead guilty to using fake documents to get H1-B visas. The Indian national Samal was sentenced to seven years in prison for what federal authorities say “was the largest and most sophisticated H-1B visa fraud scheme we have prosecuted in Western Washington.” 

Inder Singh, a Los Angeles-based Indian American community leader, has died. He was 86 years old. Singh was involved in the inception of a number of Indian American non-profit organizations in the effort to build a stronger relationship between the U.S. and India. Indian Ambassador to the U.S. Harsh Shringla said on Twitter that Singh’s contributions have been “significant and his leadership will be greatly missed.”

Indiaspora launched ChaloGive.org, their first online giving campaign that runs October 2nd to the 8th. The goal is to increase levels of giving by the Indian diaspora, inspired in part by the success of Giving Tuesday in the U.S. and Daan Utsav in India.

Ravi Kapur contributed to this report.

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