Search Result for : President Barack Obama

Trump to announce his decision on Paris climate pact soon

The Dollar Business Bureau  The United States President Donald Trump said on Wednesday that he will be announcing his decision regarding the landmark Paris Climate Accord on Thursday which is today. “I will be announcing my decision on Paris Accord, Thursday at 3:00 pm. The White House Rose Garden. MAKE AMERICA GREAT AGAIN!,” the US president said in a tweet. To withdraw from the Paris climate change accord, was one of the key electoral promises of Trump.  Though he still seems to be undecided about the total withdrawal from the Paris agreement, officials from the White House told media on Wednesday, this is a move that would risk rupturing international alliances and disappoint environmentalists as well as corporate titans. Although the officials cautioned that ...

New draft proposal paves way for India to become NSG member

The Dollar Business Bureau A fresh draft proposal that is circulated among the member states of Nuclear Suppliers Group (NSG) in early December could pave the path for India to become a member of this elite group, however, this is unlikely to take place before the end of Obama administration next month.  The push from the US for India to become a member of the Group would now have to be taken over by the incoming president Donald Trump as the outgoing President Barack Obama is unlikely to fulfill the promise made to the Narendra Modi Government before its tenure ends on January 20, according to sources. A draft formula for the membership of NSG to countries such as India and Pakistan which are not ...

Foreign investors buoyed by Indian investment

The Dollar Business Bureau Investors from all over the world are buoyed by the vibrant investment environment in India, the US India Business Council (USIBC) communicated to the US President Barack Obama in a letter. The country has demonstrated its enhanced willingness to address industry concerns and also balance its domestic interests, it said. Ahead of Prime Minister Narendra Modi’s visit to US next month, the USIBC is looking towards continuing discussions and developments made by India and the US in various matters including innovation, technology, movement of professionals and non-tariff barriers in its future strategic deliberations. The US and India relations are now at its best due to the persistent efforts of Barack Obama and Narendra Modi, USIBC President Mukesh Aghi said. ...

Indian IT firms to fund US computer education programme

The US government will provide $4 billion in funding for states, and $100 million for districts to increase access to computer education. The Dollar Business Bureau Bank of Queensland is FinnOnes first customer in Australia   Indian IT majors Infosys and Tata Consultancy Services (TCS) along with other corporate giants like Google and Microsoft have pledged funding the US governments plan to promote computer science education at school level. President Barack Obama announced his Computer Sciences for All plan on Sunday. Under the scheme, the government will provide $4 billion in funding for states, and $100 million for districts in the forthcoming Budget to increase access to computer education by training teachers, expanding access to high-quality instructional materials, and building effective regional partnerships. Infosys ...

US lifts 40-year-old ban on oil export

Source: PTI : “With crude exports comes job creation, economic growth, new revenues, prosperity, and enhanced energy security for our allies and ourselves,” said Senator Lisa Murkowski, energy panel chairman   The United States on Saturday lifted a 40-year-old ban on export of oil, thus paving the way for energy deficient countries like India to open up another frontier to import oil from a distant friendly nation. The ban was lifted as President Barack Obama on Saturday signed into law the Omnibus $1.8 trillion spending package and tax bill for the current fiscal ending on September 30, 2016. The move was welcomed by the industry, while pro- environmental groups were critical of it. Senator Lisa Murkowski, energy panel chairman, welcomed the ...