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Rising trade deficit to dampen rupee s prospects in India

Rising trade deficit along with chances of a populist budget might dampen rupee’s prospects during the coming week. Nevertheless, persistent interest of Foreign institutional investors (FIIs) in India’s equity market will arrest any sharp depreciation moves.

Virus victims to be remembered in inaugural-related events

Biden nominates another Indian American to key State Department position

Biden nominates another Indian American to key State Department position PTI Washington:  US President-elect Joe Biden Saturday nominated an Indian American diplomat, who had quit the foreign service in 2018 in protest against the policies of President Donald Trump, to a key State Department position. Uzra Zeya has been nominated to be Under Secretary for Civilian Security, Democracy, and Human Rights, according to key nominations for the Department of State announced by Biden. Wendy R. Sherman has been nominated to be Deputy Secretary of State, Brian McKeon as Deputy Secretary for Management and Resources, Bonnie Jenkins to be Under Secretary for Arms Control and International Security Affairs and Victoria Nuland to be Under Secretary for Political Affairs.

Joe Biden: U S Vice President-elect Kamala Harris to resign her Senate seat Monday

Harris will be the first Black woman and first woman of South Asian descent to serve as vice president, but her Senate departure leaves the chamber s roster without a Black woman.

Covid-19 News Today Live: The Latest on Vaccines, Variants and Trump Administration

Covid-19: California Confronts New Variants as Virus Deaths Climb Last Updated Feb. 21, 2021, 11:29 a.m. ETFeb. 21, 2021, 11:29 a.m. ET An incoming Biden administration official warns the United States will pass 500,000 deaths. Officials in Norway say vaccines are safe after at least 33 very ill nursing home residents who were inoculated died. Here’s what you need to know: People waiting in line at a coronavirus testing site in Los Angeles this month.Credit.Alex Welsh for The New York Times As the total number of U.S. coronavirus cases surpassed 24 million on Monday, Los Angeles County, one of the hardest-hit areas, may face even more dire weeks ahead. Deaths in the county have continued to climb as the national death toll nears 400,000.

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