FOREIGN AID BILL
Adani to invest over $1 bn in Sri Lankan wind projects
Adani Group plans to invest over USD 1 billion in setting up projects in Sri Lanka through Adani Green Energy Ltd. The projects include two wind farms in Sri Lanka's Mannar town and Pooneryn village with a total capacity of 484 megawatts.
US to provide Ukraine with USD275mn more in military aid amid Russian advances
Amidst the ongoing conflict between Russia and Ukraine, the United States is set to provide Ukraine with an additional USD 275 million in military aid, marking the fourth installment since a foreign aid bill was passed last month. The aid package includes weaponry and munitions vital for Ukraine's defence, such as rocket systems, artillery rounds, anti-tank systems, tactical vehicles, and small arms. The move underscores America's commitment to supporting Ukraine against Russian aggression, with nearly USD 1.7 billion already dispatched and more aid expected in the future.
US will announce $275 million more in artillery and ammunition for Ukraine, officials say
The United States is set to announce $275 million in military aid for Ukraine to combat Russian advances in the Kharkiv region. The aid package includes HIMARS and artillery rounds.
India Playbook 2024: Aiming for a trillion dollars in forex reserves by 2029
India's economic trajectory for global investments is driven by stable macroeconomic environment, robust earnings growth, and significant contributions from software services and remittances. Inclusion in MSCI EM index and prominent Emerging Market Bond indices enhances India's investment landscape.
US State Dept moves $1 bln weapons aid for Israel to congressional review, officials say
President Joe Biden said last week he had delayed a shipment of 2,000-pound (907-kg) bombs and 1,700 500-pound bombs to Israel over concerns they might be used for a major invasion of Rafah, a town in southern Gaza.
Navigating economic horizons: RBI's role in FY 2024-2025
RBI's nuanced approach in FY 2024-2025 balances growth, inflation, and stability. Expect cautious yet proactive policy rates. Strategic reserves, global index inclusion, and fiscal discipline shape India's economic landscape.
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US Senate passes USD 95.3 billion package for Ukraine, Israel, Taiwan and Indo-Pacific
The US Senate approved a $95.3 billion aid package for Ukraine, Israel, and Indo-Pacific security. President Biden will sign the bill, which includes provisions for military support, humanitarian aid, and sanctions against Iran and Russia.
Long-delayed Ukraine aid clears US Congress, awaits Biden signature
The US Congress approved a $61 billion aid package for Ukraine, including provisions to ban TikTok. President Biden will send supplies to the war zone. The bill also covers assistance for Israel, Taiwan, and humanitarian aid for Gaza, Sudan, and Haiti.
Taiwan happy with US aid package, China objects to arms sales
Taiwan's President Tsai Ing-wen expresses gratitude for the U.S. Congress passing a substantial foreign aid package, including arms support for Taiwan, amid China's opposition. The bills, approved by both chambers, signal continued U.S. backing for Taiwan, sparking tensions with Beijing, which demands an end to arms sales.
$8 billion US military aid package to Taiwan will 'boost confidence' in region: President-elect Lai Ching-te
US approved $8B defense package for Taiwan to counter China. President-elect Lai aims to maintain peace. Taiwan strengthens military with US hardware. China threatens annexation. Taiwan prepares for defense with asymmetrical warfare.
Aid for Ukraine, Israel and Taiwan heads to the Senate for final approval after months of delay
The Senate is set to vote on a $95 billion war aid package for Ukraine, Israel, and Taiwan, with the $61 billion allocated for Ukraine being a critical component as the country faces increased Russian aggression. President Biden assured Ukrainian President Zelenskyy of the US's commitment to send air defense weaponry. The aid package also includes $26 billion for Israel and humanitarian relief for Gaza, as well as $8 billion to counter China in Taiwan and the Indo-Pacific.
Ukrainian President Zelenskyy, Israel PM Netanyahu thank US lawmakers for passage of aid package
The two leaders statement came after the US House of Representatives approved a USD 95.3 billion foreign-aid package for Ukraine, Israel, and other American allies on Saturday. Lawmakers approved the package, most of which is direct military assistance, in separate votes, New York Post reported.
Israel PM says US military aid vote 'defends Western civilization'
A total of $13 billion in military assistance has been allocated for America's historic ally in its war against Hamas, despite growing international concern for the fate of civilians in Gaza.
TikTok says US House bill that could ban app would 'trample' free speech
The House passed the legislation on Saturday by a margin of 360 to 58. It now moves to the Senate where it could be taken up for a vote in the coming days. President Joe Biden has previously said he would sign the legislation on TikTok.
Kremlin: US House passage of Ukraine aid bill will hurt Ukraine, cause more deaths
The House approved a legislative package providing $60.84 billion to Ukraine, including $23 billion to replenish U.S. weapons, stocks and facilities. The package now goes to the U.S. Senate, which passed a similar measure two months ago, for expected approval next week. It then is passed on to President Joe Biden to sign.
Iran, Israel appear to pull back from brink as US approves military aid
Iran downplayed Israel's reported retaliation for its unprecedented drone and missile attack, tamping down fears that escalating attacks between the arch enemies could tip over into a broader war in the Middle East.
U.S. House passes billions in aid for Ukraine and Israel after months of struggle. Next is the Senate
With an overwhelming vote, the $61 billion in aid for Ukraine passed in a matter of minutes, a strong showing as American lawmakers race to deliver a fresh round of U.S. support to the war-torn ally. Many Democrats cheered on the House floor and waved blue-and-yellow flags of Ukraine. Aid to Israel and the other allies also won approval by healthy margins, as did a measure to clamp down on the popular platform TikTok, with unique coalitions forming to push the separate bills forward.
TikTok ban in US: Key bill passed, what will happen next?
TikTok is a popular social media platform in the US. However, there have apprehensions over the security of millions of Americans due to the Chinese connection.
What military support does the US provide to Israel?
The humanitarian crisis in Gaza has sparked calls for the U.S. to impose conditions on its significant military aid to Israel, the largest recipient of U.S. foreign aid since World War II. The U.S. provides Israel with advanced weaponry, including the F-35 fighter jet and missile defense systems like Iron Dome and David's Sling. President Biden sought additional funding for Israel's campaign against Hamas, but the proposal faces resistance in Congress over concerns about civilian casualties in Gaza.
Gaza war enters seventh month as truce negotiators expected in Cairo
Ongoing war between Israel and Hamas. US seeks ceasefire in Cairo. Israel admits fault over aid worker deaths. Biden pushes for ceasefire. Australia criticizes Israel. UN calls for more aid to Gaza.
Chuck Schumer says US Senate can make progress on TikTok bill
The Senate is returning to work next week after a two-week recess. The U.S. House of Representatives voted 352-65 on March 13 to give TikTok's Chinese owner, ByteDance, about six months to divest the U.S. assets of the short-video app, or face a ban.
The al Qaeda plot to kill Bill Clinton that history nearly forgot
President Bill Clinton and First Lady Hillary Clinton narrowly avoided an assassination attempt during the Asia-Pacific Economic Cooperation summit in Manila in November 1996. Al Qaeda operatives, including Ramzi Yousef, had planted a bomb on the motorcade route. The Secret Service foiled the plot by switching to a back-up route, preventing a potentially deadly attack.
US House passes $1.2 trillion spending bill, sends to Senate
The Republican-controlled U.S. House of Representatives on Friday passed a $1.2 trillion bill to keep the government funded through September, leaving the Democratic-majority Senate hours to act before a partial government shutdown deadline at midnight.
Long-time Joe Biden aide Olivia Dalton to join Apple, say sources
Olivia Dalton is expected to leave the White House in mid-March, sources said. She has been the White House's deputy press secretary since August 2022, reporting to Karine Jean-Pierre.
NATO a 'sacred commitment'; Donald Trump looks at it as a burden: US President Joe Biden
President Joe Biden has criticized former President Donald Trump for encouraging Russia to attack certain NATO nations, calling the comments "dangerous" and "un-American." Biden emphasized the importance of NATO as a "sacred commitment," contrasting with Trump's view of it as a burden. Trump's remarks have underscored the urgency of passing a USD 95 billion foreign aid package, including USD 60 billion for Ukraine. Biden pledged to defend every inch of NATO territory if Putin attacks a NATO ally, highlighting that NATO's mutual defense clause is crucial for global stability.
US Senate passes $95 bn aid bill for Ukraine, Israel and Taiwan
The US Senate has passed a $95.34 billion aid package for Ukraine, Israel, and Taiwan, despite growing doubts about its fate in the Republican-controlled House of Representatives. The legislation, approved in a 70-29 vote, includes $61 billion for Ukraine, $14 billion for Israel in its war against Hamas, and $4.83 billion to support partners in the Indo-Pacific, including Taiwan, and deter aggression by China.
Senators release a USD 118 billion package that pairs border policies with aid for Ukraine and Israel
With Congress stalled on approving USD 60 billion in Ukraine aid, the US has halted shipments of ammunition and missiles to Kyiv, leaving Ukrainian soldiers outgunned as they try to beat back Russia's invasion.
France's new immigration bill: New visa fees for foreign students, tougher dependent rules
Initially framed as a balanced approach aimed at facilitating residency permits for migrants in labor-deficient sectors while streamlining the expulsion of illegal migrants, the bill underwent alterations to secure right-wing support.
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