Business Today

Combative Allies

India and the US have major differences on trade and strategic matters, but they are also trying to accommodate each other

There was more than usual interest among Indian diplomats in the deliberations of the US Senate in the first week of July. Amendments to the US's National Defence Authorisation Act were being debated, one of which would put India, from the US perspective, almost on a par with members of the North Atlantic Treaty Organization (NATO) in defence matters. Its provisions provide the US the legal framework it needs to increase cooperation with India on counterterrorism, maritime security and humanitarian assistance. The Bill, ratified by the Senate, is now before the House of Representatives, which is likely to take it up before it adjourns for its August recess. Though the original Bill, which would have given India de facto NATO ally status was somewhat watered down, it is still a big step towards strengthening the strategic alliance between the US and India.

Back in India, US e commerce companies like Amazon and Walmart have been complaining ever since the commerce and industry ministry issued the controversial "Press

You’re reading a preview, subscribe to read more.

More from Business Today

Business Today3 min read
“Core Of Insurance Lies In Long-term Security”
WITH A WEALTH of experience and a visionary approach, Vibha Padalkar, MD & CEO of HDFC Life, has been instrumental in shaping the insurer’s success amid an evolving market landscape. In an interaction with Business Today, she talks about strategic in
Business Today1 min read
Low Burden
A combined approach of individual and HUF income can help a married couple enjoy more tax benefits Gifts received from spouse are tax-free up to ₹50,000 A taxpayer can reduce tax liability or avoid clubbing income by loaning to their spouse at a cert
Business Today3 min read
Road Warrior
IN THE HEART of Khalid Wani, who is the Senior Director of Sales for the India region at the American storage drive maker, Western Digital, beats the rhythm of a fervent traveller. He’s a man who believes passionately that the most precious memories

Related Books & Audiobooks