hi INDiA | February 21, 2020 | Largest in North America

Page 1

hiindia.com

MIDWEST / EASTCOAST

/hiindialive

@hiindia

773.338.0222

/hiindiNews

FRIDAY, FEBRUARY 21, 2020

1

A

MOTERA ALL SET TO BECOME WORLD’S LARGEST CRICKET STADIUM

MIDWEST EDITION | EAST COAST EDITION | Volume 12 • Issue No. 556 FEBRUARY 21, 2020

INDIA HITTING US HARD WITH TARIFFS, WILL TALK BUSINESS

WITH MODI, SAYS DONALD TRUMP ON TRADE DEAL

U

nited States President Donald Trump on Thursday said the proposed new Indian tariffs have complicated negotiations, but he will “talk business” with Prime Minister Narendra Modi when he visits Ahmedabad and New Delhi on February 24 and 25. “I’m going to India next week and we’re talking trade,” Trump said at a rally in Colorado. “They’ve been hitting us very hard for many, many years but I really like Prime Minister Modi. We’ve got to talk a little...We’ve got to talk a little business. It’s been hitting us hard. They give us tariffs, one the highest in the world is India.” Both India and the United States have repeatedly resolved to strengthen trade ties but attempts at working out an agreement failed even during Modi’s visit to Houston in September. Trump also said the United States “may make a tremendous deal” with India, but also simultaneously indicated that the talks on this might slow down if he did not

get a good deal. Earlier, on Tuesday, the president said they were “not treated very well” by India and that he was saving the trade deal for later on. In New Delhi, an Ministry of External Affairs spokesperson Raveesh Kumar said on Thursday that India will not “rush into” a trade deal with the United States, saying there needed to be a balanced outcome. The US President also referred to reports that a turnout of nearly 10 million is expected at Motera Stadium in Ahmedabad. “I hear around six to 10 million people are going to show along the road to one of the largest cricket stadiums in the world, which is brand new and beautiful,” he added. “Prime Minister Narendra Modi said we will have 10 million people greet you – that is my problem. We have a packed house. We have thousands of people who will not be able to get in. It’s going to look like peanuts from now on. How can we be satisfied if we fill a stadium of only 60,000 people,” he asked.

President Donald Trump: I am going to India next week, and we are talking trade. They have been hitting us very hard for many years. I really like PM Modi but we gotta talk a little business. One of the highest tariffs in the world is India

Prime Minister Narendra Modi and U.S. President Donald Trump jointly greet the attendants after Modi’s speech during the “Howdi Modi” event Sunday, September 22, 2019, at NRG Stadium in Houston. File photo

–Page 4

INDIA-US TRADE DEAL A report by United States Congress’ think tank Congressional Research Service, released on February 14, noted that the trading relationship between the two countries is “more consequential for India”. It said that in 2018, the US was India’s second-largest goods export market with a 16.0% share with the European Union in first place (17.8%). The US was also the third largest goods import supplier (6.3%) after China (14.6%) and the European Union 28 (10.2%) in the same year.

Negotiations between India and the US have centred around preferential access to the Indian market for American makers of stents and other medical devices as well as dairy farmers. India has offered the United States partial access to its poultry and dairy markets in an effort to sign a limited trade deal, a report said on February 14.India is the world’s largest milkproducing country. However, it has hesitated to open its dairy market in order to protect the livelihoods of eight crore rural households engaged in the industry.

SPECIALIZE IN SMALL BUSINESS ACCOUNTING Sales Tax Payroll Income Tax Corporation Tax Incorporation of Appropriate Entity FBAR FACTA Multi State Returns Sales Tax Audit

EFILE, CLIENT PORTAL, QUICK RESPONSE & EXPERT ADVICE 870 E. Higgins Rd, Suite 132, Schaumburg, IL 60173 Office: 224-353- 6460 E-Fax: 224-935-4284 Email: info@horizonaccountinginc.com Jitendra Shah: 847-650-8102 or Kishor Patel, CPA : 630-398-1649

T O Y O TA A R L I N G T O N . C O M ARLINGTON Palatine, IL

2095 North Rand Rd. Palatine, IL 60074

BRAND NEW 2019 TOYOTA TAXATION – ACCOUNTING – FINANCE

HIGHLANDER LEFinancial Advisory & Business Consulting LEASE FOR IRS/AUDIT REPRESENTATION – Domestic &Int'l Issues $ OVDP Representation Fareed Aziz Akash Brahmbhatt Amin Lakhani /MO.

299

36 mo. lease with $6,500 due at inception (includes 1st mo. payment, $0 security deposit required). Plus tax, title, license and ($300) doc. fee on all prices/payments with approved credit. Expires 2/29/20.

Sr. Residential Mortgage Consultant, NMLS# 697450

(FRED) Sales Associate Sales Manager Direct: 847.877.9362

Sales Associate

P:224-836-4243

eFax: 877.519.0508 18 Executive Ct. SouthB. Barrington IL 60010 Sanjit Shah, CPA, MBA, CGMA DThakkar@WintrustMortgage.com Licensed CPA (IL), MBA (Kellogg School of Management) www.WintrustMortgage.com

Over 20 years of Business & financial Management Experience WWW.CPAMBASOLUTIONS.COM

Wintrust Mortgage is a division of Barrington Bank & Trust Company, N.P, a Wintrust Community Bank NMLS #449042. 2015 Wintrust Mortgage 150301270MS

Info@cpambasolutions.com

Buying or Selling Your Home or Business CALL FOR BUSINESS LOAN >> $100K TO $10 MILLION

You can buy home only 3% down Buying home just need 550 credit. Raj Patel Realtor, ABR, SRS, PSA

630-205-6353

rajeshpatel@remax.net • www,rajrealtorhome.com • www.rpatel.illinoisproperty.com

PLEASE CALL 773-338-0222 Email: advt@hiindiaweekly.com


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.