The bill would impose a 5% tax on remittances sent abroad, a measure aimed at curbing money transfers to foreign countries. US citizens could apply for credits to offset the cost, but the tax will hit immigrant households hardest. #InternationalNews #Policy

https://www.livemint.com/news/us-news/gop-tax-bill-no-tax-on-tips-overtime-hefty-tax-on-elite-colleges-new-5-tax-on-immigrant-remittances-key-take-11747086670936.html

India requests additional S-400 missiles from Russia - sources

💥 Russian air defence systems proved decisive against Pakistani drones & missiles.

Sources told Sputnik India that Russia will fulfill Bharat’s request soon.

(Sputnik India)

#Defence #Trade

Jain lotus group canceled pre planned tour to Turkey of 800 people widout thinking twice. Kudos 👏

This is big

Land selected for #shipbuilding, repair centres in Andhra Pradesh, Tamil Nadu & Gujarat

Thoothukudi in Tamil Nadu is expected to be finalised for HD Hyundai and CSL venture with expected investment of around ₹10,000 crore by completion #MakeInIndia

https://archive.is/20250513035939/https://m.economictimes.com/industry/transportation/shipping-/-transport/land-selected-for-shipbuilding-repair-centres-in-andhra-pradesh-tamil-nadu-gujarat/articleshow/121118164.cms

India has only paused its operations against terror after Pakistan's pleadings, not stopped.

If an attack on humanity takes place by Pakistan, then we will decimate you.

— PM Modi at AFS Adampur

#NationalSecurity

Indian Defense Companies Stocks

#Defence #Economy

India's retail inflation eased to a 6-year low of 3.16% in April 2025. #Economy

🇺🇸 🤝 🇸🇦 US and Saudi Arabia officially sign 'strategic economic partnership.'

Main deals:
➡️Defence deal
➡️Technology and AI

Saudi Arabia to invest $600 billion in the United States.

Saudi Arabia and the United States have signed a historic $142 Billion dollar arms deal, the largest in history

#Geopolitics

#MHA #NationalSecurity

MEA declared the Pakistani staff posted at Pak Embassy in New Delhi persona non grata for spying on India, asks him to leave within 24 hours.

#IndianSubcontinent #Geopolitics

🔹 Union Minister Ashwini Vaishnaw unveiled India’s first 3nm Chip Design Centres in Noida and Bengaluru

🔹 3nm Chip Design Marks a New Frontier in India’s #Semiconductor Innovation, said the Union Minister

🔹 The Minister also elaborated on India’s holistic semiconductor strategy encompassing design, fabrication, ATMP (Assembly, Testing, Marking, and Packaging), equipment, chemicals, and gas supply chains

🔹 Major Semiconductor Design Centre inaugurated in Uttar Pradesh to power India’s Chip Design capabilities

Read here: https://www.pib.gov.in/PressReleasePage.aspx?PRID=2128468

Trump Towers in Gurgaon sold out on day 1 with ₹3,250 crore in allotments. #Economy

Trump again comments on India, Pakistan situation. Claims credit for defusing crisis. 4th such remarks:
-2 posts on social media on Saturday/Sunday
-One comment on Monday
-One comment Today

Full comments by US President Donald Trump on India Pakistan understanding of 10 May

"Let us not trade nuclear missiles, let us trade" goods

"India, Pakistan are getting along, & they can have a nice dinner 🍽️"

"Millions of people could have died due to the conflict"

#Geopolitics

MEA spox on nuclear leakage: On that, I think there are two or three things there. We saw some social media posts about Egyptian-American aircraft, etc. Those questions are for them to answer, not for us. In the defense briefing, if you remember, our side made things very clear as to what was the target, etc. As far as your particular question, I think the Pak Foreign Minister also has made some comments on that. #ForeignAffairs #OpSindoor

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