US President Donald Trump has ordered a pause in the enforcement of the Foreign Corrupt Practices Act (FCPA), a law that bans US firms from offering bribes to foreign officials. This decision follows allegations against the Adani Group by the Biden administration. The Trump administration believes that strict enforcement of the FCPA harms American economic competitiveness. As a result of this executive order, Adani Group stocks saw substantial gains. US Congressmen have criticized the previous administration’s actions against the Adani Group, calling it a misguided crusade that risks harming America’s relationship with India, a strategic geopolitical partner.
Full Article
Shukla In space: Benefits far outweigh cost, says Isro chief
About the AuthorChethan KumarChethan Kumar, Senior Assistant Editor at The Times of India, explores the evolving narrative of a young democracy, highlighting significant events like stock market scandals and advancements in technology. He believes that every aspect of life, from societal struggles to scientific achievements, holds a story waiting to be uncovered. Explain It To Me Like I'm 5: Chethan Kumar, a writer for The Times of India, believes that every part of life has...
Read more