India-US ties: Biden plans to strengthen partnership between two nations : Bulletin: Business Today
Business Today

India-US ties: Biden plans to strengthen partnership between two nations

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Shailendra Shukla | November 9, 2020

Joe Biden beats Donald Trump to win US presidential election

77-year-old Democratic nominee Joe Biden beat out Republican Donald Trump to become the US president in a hotly contested election. According to the Associated Press, Biden has won the 20 electoral votes from Pennsylvania pushing his tally to the magic number of 270. Joe Biden also carried Arizona, Wisconsin and Michigan on his path to the presidency, flipping states that President Donald Trump won in 2016. Biden's projected victory came after four days of nail-biting suspense over the outcome of Tuesday's election, with the counting of votes in a handful of battleground states ongoing thanks to a flood of mail-in ballots.

Looking at sustaining growth through COVID-19 pandemic: Cipla

Pharma major Cipla is looking at sustaining growth through the pandemic and has decided certain priorities for the coming quarters, including digital adoption and profitable growth, according to the latest investor presentation of the company.The drug firm has earmarked digital adoption and resilient operations as first of the key priorities for the coming quarters to achieve sustained growth, it added.

GST Portal can now handle 3 lakh taxpayers simultaneously

The Goods and Services Tax Network (GSTN) Portal now successfully handles almost double the taxpayer traffic for return filing immediately after lockdown. This has been made possible as GST infra has been upgraded to handle up to 3 lakh concurrent logged-in users at a time. The upgrade has enabled GSTN to handle and scale up to 5 lakhs concurrently logged-in taxpayers, if necessary.

India Inc hails Joe Biden's win, looks forward to enhanced Indo-US ties

India Inc on Sunday, November 8, welcomed Joe Biden's triumph in the 2020 US Presidential elections saying that it looks forward to enhanced ties between the two nations. The industry also stated that "a democratic process voted for a change" while hoping for stronger relations and cooperation between India and the US.

Royal Enfield aims to launch 28 new bikes in 7 years, one every quarter

Mid-sized motorcycle maker Royal Enfield plans to launch at least 28 new models in the next seven years, with one new bike to be introduced every quarter as it seeks to strengthen its position both in domestic and international markets, according to a top company official. The company is also planning to set up an assembly unit in Thailand in the next 6-12 months followed by Brazil in the near future.

Coronavirus in Delhi: Third wave of COVID-19 cases worst so far, says Satyendar Jain

With more than 6,000 daily coronavirus cases, Delhi is grappling with a third wave of COVID-19. The city's Health Minister Satyendar Jain called it the worst wave so far and projected that the cases will taper off soon. The minister said that the Delhi government has increased the number of beds for COVID-19 infected patients to tackle the health emergency in the city. According to Jain, aggressive testing and contact-tracing were the reasons for the high number of coronavirus cases, adding that laxity on the part of people also increased the transmission rate.

India-US ties: Joe Biden plans to strengthen partnership between two nations

US-President-elect Joe Biden, who has a track record of backing stronger India-US ties, deems the partnership between the two nations as the defining relationship of the 21st-century. Planning to further strengthen ties (between the two countries), Biden, 77 also believes that there is a lot of scope in bilateral trade. The US-President-elect had set a goal of taking the bilateral trade to $500 billion when the former vice-president travelled to India. The current trade between the two nations is a little over $150 billion.

Helped reduce black money: PM Modi on four years of demonetisation

It's been four years since Prime Minister Narendra Modi-led NDA government announced demonetisation with the objective to fight black money, corruption and terror funding. On the fourth anniversary of demonetisation, PM Modi in a tweet defended the note ban move, saying it helped reduce black money, increase tax compliance and gave a boost to transparency. The Prime Minister said that these outcomes have been greatly beneficial towards national progress. Along with his tweet, PM Modi also shared a graphic on how demonetisation has ensured better tax compliance, improved tax and GDP ratio, made India a lesser cash based economy and gave a boost to national security.

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