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The visit of Indian Prime Minister <keyword id="6354477" type="PERSON" weightage="20" keywordseo="Narendra-Modi">Narendra Modi</keyword> to the US, which had much fanfare around it, has come to an end today. And both India and the US are expecting some humongous results from this visit. 
	 
	The two head of states have discussed various issues spanning across economic, political and cultural arenas. But now, the public at large wants to know what tangible results has this high-profile visit brought back home. BI India lists down a few sectors that may gain substantially from the initiatives discussed during PM Modi’s visit. 
	 
	Infrastructure

	 
	The two-way trade between India and the US has grown five-fold in the past fourteen years to nearly $100 billion. Both India and the US realise that both countries have played pivotal roles in each other’s economic growth. 
	 
	Hence, one of the major developments of this visit has been the setting up of Infrastructure Collaboration Platform. The infrastructure projects have delayed in the country and the decline in the economic growth has only worsened the situation. 
	 
	“They pledged to establish an Infrastructure Collaboration Platform convened by the Ministry of Finance and the Department of Commerce to enhance participation of U.S. companies in infrastructure projects in India,” tellls a joint statement issued after thePrime Minister Modi and President Obama meeting. 
	 
	If reports are to be believed, then several American firms have shown interest in the infrastructure and energy sectors of the country. However, they want clarity and a better understanding of the current scenario in the energy sector following the Supreme Court’s verdict on coal block allocations. 
	 
	Besides, the US has shown keen interest in becoming a partner in development of smart cities in the country. India will welcome two-trade missions in 2015 that will focus on providing US technology and services to meet the country’s infrastructure needs. 
	 
	Capital Markets 
	 
	Since the beginning, India has been heavily dependent on investments by foreign institutional investors. Therefore, the leaders pledged to establish an Indo-U.S. Investment Initiative led by the Ministry of Finance and the Department of Treasury, with special focus on capital market development and financing of infrastructure.

	 Interestingly, <keyword id="214547" type="PERSON" weightage="20" keywordseo="Laurence-D-Fink">Laurence D Fink</keyword>, CEO of the world’s largest investment management firm Blackrock , has promised PM Modi that the firm may invest over $6 billion in India by early next year. In India, the firm is one of the leading mutual funds investment company. Fink, after his meeting with PM Modi will also host the global investors meet in India early next year. 
	 
	Pharmaceuticals 
	 
	There has always been a tussle between the Indian pharma industry and its American counterpart. However, it seems PM Modi has been able to clear apprehensions that most pharma companies in the US have regarding India’s Intellectual Property Rights (IPR) laws. 
	 According to a report, <keyword id="2541954" type="UNKNOWN" weightage="20" keywordseo="Kenneth-Frazier">Kenneth Frazier</keyword>, CEO of pharma major <keyword id="2541955" type="UNKNOWN" weightage="20" keywordseo="Merk-Co">Merk &amp; Co</keyword> and Michael Ball of Hospira had raised the issue of India’s IPR laws. In his response, PM Modi explained that he understands that pharma companies in the US spend a huge amount in the research and development of drugs, while India is producing and selling them at a cheaper price. 
	 
	Manufacturing 
	 
	The staggering manufacturing sector in India may get a tremendous boost if it is able to attract investors in the US. In his meeting with the top corporate honchos of the US, Indian PM Modi has managed to convince them to consider investments in the Indian manufacturing sector. 
	 
	Following their meeting, National Institute of Standards and Technology’s Manufacturing Extension Partnership program is expected to engage with its counterpart in India to develop “best practices in manufacturing and work toward greater harmonization of standards” in the sector. 
	 
	The two countries will also hold public-private discussions early next year to facilitate better technology in the manufacturing sector. 
	 
	While, these are just a few sectors that have been discussed here, the US has shown keen interest in other sectors as well including IT and education.

PM Modi’s
Maiden US Visit Over, India To See Investments Pouring In?

<ul class="summary-list"><li>Looters took advantage of the Russian invasion of <keyword id="12711449" type="UNKNOWN" weightage="60" keywordseo="chernobyl" source="Orion">Chernobyl</keyword> to pillage a nuclear lab, scientists said.</li><li>They said radioactive waste and materials used for calibration were taken.</li></ul>A radiation monitoring lab near the Chernobyl nuclear site was looted during the Russian invasion, Ukrainian scientists from the Institute for Safety Problems of Nuclear Power Plants (ISPNPP) told news outlets over the past week.The consequences of the Russian invasion of the exclusion zone around the decommissioned nuclear power plant are still emerging after its forces withdrew and allowed <keyword id="11985141" type="UNKNOWN" weightage="60" keywordseo="ukraine" source="Orion">Ukraine</keyword> to recapture the area.Chernobyl was the site of the world's worst-ever nuclear disaster in 1986. It is also not far from Kyiv, the Ukrainian capital, and was an early target in the Russian invasion.Anatolii Nosovskyi, director of the ISPNPP in Kyiv, <a href="https://www.science.org/content/article/dirty-bomb-ingredients-go-missing-chornobyl-monitoring-lab">told Science </a>that looters apparently took off with radioactive isotopes used to calibrate instruments, as well as nuclear waste left over from the 1986 nuclear accident.He did not say who could have taken it.An unnamed source from the ISPNPP <a href="https://www.newscientist.com/article/2313990-could-nuclear-material-stolen-from-chernobyl-be-used-in-a-dirty-bomb/">told New Scientist</a> that the scientists had been pushed out of the labs in the town of Chernobyl, about seven miles south of the site of the main reactors, when the Russian troops took control of the area.The ISPNPP sources said that the material could be used to make a "dirty bomb," a weapon that combines radioactive material with an explosive device to scatter contamination over a large area. Unlike nuclear weapons, a "dirty bomb" does not cause a nuclear explosion. They are not thought to pose an immediate threat to health, but could be used by terrorist groups to cause panic.<a href="https://www.reuters.com/world/europe/russia-without-evidence-says-ukraine-making-nuclear-dirty-bomb-2022-03-06/">Russia has accused Ukraine of seeking to make a dirty bomb</a>, without any evidence. Unfounded allegations that Ukraine is trying to develop nuclear weapons formed part of <keyword id="11894337" type="UNKNOWN" weightage="60" keywordseo="russia" source="Orion">Russia</keyword>'s justification for invading.<a href="https://www.liverpool.ac.uk/engineering/staff/bruno-merk/">Bruno Merk, a nuclear expert </a>at the University of Liverpool in the UK told New Scientist the materials could not be used to create a nuclear weapon. That would require plutonium or uranium, neither of which are likely to be in that kind of lab.<div type="image" title="chernobyl New Safe Confinement" height="3756" width="5009" msid="90591198" hostid="261"></div><a href="https://www.bbc.co.uk/news/world-europe-60945666">Ukraine on Thursday</a> <a href="https://www.businessinsider.com/russian-troops-withdrawing-from-chernobyl-us-offcial-2022-3">confirmed reports</a> that Russian soldiers were leaving Chernobyl, 36 days after they moved into the exclusion zone. The troops "looted" the Chernobyl nuclear power plant before they left, the Ukrainian military <a href="https://twitter.com/DefenceU/status/1509832243950534658">said Friday </a><a href="https://twitter.com/DefenceU/status/1509832243950534658">in a tweet</a><a href="https://twitter.com/DefenceU/status/1509832243950534658">.</a> They took "lab equipment, and radiation," per the tweet.The power plant has long been inactive but is still undergoing extensive work to fully decommission and decontaminate the site.Ukrainian staff working at the decommissioned nuclear power plant in Chernobyl were subjected to grueling working conditions during the occupation of the site by Russian troops, forcing some to <a href="https://www.businessinsider.com/ukraine-workers-stuck-chernobyl-nuclear-plant-russia-control-2022-3">stay on-site for almost a month</a> before <a href="https://www.businessinsider.com/reviews/out?platform=browser&amp;postSource=bi%7C62457dfd26c49007044b90a8&amp;sc=false&amp;type=LINK-WITH-REVIEW-SLASH-OUT&amp;u=https%3A%2F%2Fwww.wsj.com%2Farticles%2Fsome-chernobyl-staff-freed-after-three-weeks-on-duty-at-gunpoint-11647879646%23%3A~%3Atext%3DLate%2520Sunday%2520and%2520early%2520Monday%2CUnited%2520Nations%27%2520atomic%2520energy%2520watchdog.&amp;sessionid=16488036496042ji35kuk" rel="nofollow sponsored noindex">they were allowed to be relieved by volunteer co-workers.</a>The invasion also <a href="https://www.businessinsider.com/ukraine-says-chernobyl-radiation-levels-increasing-after-russia-invasion-2022-2">disturbed radioactive dust, raising the level of radiation around the site</a>.<a href="https://www.businessinsider.com/russia-troops-drove-through-chernobyl-radioactive-forest-without-gear-report-2022-3">According to Chernobyl site workers,</a> who spoke to Reuters on condition of anonymity, Russian troops drove armored vehicles through the Red Forest, the most contaminated zone in the area around the site of the nuclear accident. Per the workers, the Russian troops were unprotected at the time. Reuters was not able to independently verify the reports. <div type="image" title="A sign with the symbol for radioactivity is shown outside of the red forest." height="1332" width="1776" msid="90591199" hostid="261"></div>The <a href="https://www.iaea.org/newscenter/pressreleases/update-38-iaea-director-general-statement-on-situation-in-ukraine">International Atomic Energy Agency also launched an investigation</a> of claims that troops were exposed to unhealthy levels of contamination after <a href="https://www.businessinsider.com/russians-retreat-from-chernobyl-after-getting-sick-from-radiation-ukraine-2022-3">digging trenches around Chernobyl.</a>Russia took control of another nuclear site in Ukraine, an active nuclear power plant in Zaporizhzhia, a region of Southern Ukraine, on March 4. According to the latest reports, that plant was still under the control of Russian troops. The invasion of nuclear sites by the military caused outrage among nuclear experts.<a href="https://www.businessinsider.com/experts-nuclear-plant-accident-in-ukraine-war-unlikely-but-possible-2022-3">Several told Insider</a> that the risk of a catastrophic nuclear accident in Ukraine remained low, but was made higher because of the military activity, which puts strain on safety systems there as well as the staff operating the facilities.

Chernobyl scientists accused looters of stealing radioactive material from labs there

<ul class="summary-list"><li><keyword id="12954629" type="UNKNOWN" weightage="60" keywordseo="brian-deese" source="Orion">Brian Deese</keyword>, Biden's top economic advisor, endorsed restricting lawmakers' stock trades.</li><li>"Anything we can do to restore faith [in government] I think makes a lot of sense," he said. </li></ul>A ban on stock trading by members of Congress is "sensible" and would "restore faith in our institutions," says Brian Deese, a top economic advisor to President Joe Biden and head of the National Economic Council. The comments were in response to CNBC's "Squawk Box" host Andrew Sorkin asking Deese what he thought about banning members from trading individual stocks after House Speaker <keyword id="128640" type="UNKNOWN" weightage="60" keywordseo="nancy-pelosi" source="Orion">Nancy Pelosi</keyword> <a href="https://www.businessinsider.com/we-are-free-market-economy-pelosi-rejects-stock-ban-congress-2021-12">said lawmakers should be allowed to do so</a> in comments to Insider last month. Deese began by noting that executive branch employees are barred from trading individual stocks."I can tell you, the restrictions on the executive branch are quite significant," said Deese. "There's no engagement on individual stock transactions."He went on to praise the idea more broadly. "I think that's certainly sensible. It's a rule that we all operate by and live by in the executive branch, and [it] doesn't put any real practical burden on our ability to do our jobs," he said.Deese then said restrictions on stock trades were important for the goal of restoring faith and trust in American political institutions."There's a lot of distrust and mistrust around how <keyword id="11893346" type="UNKNOWN" weightage="100" keywordseo="politics" source="Orion">politics</keyword> works, around the political process," he said. "One of the things that we need to do across the board is restore faith in our institutions, whether that be Congress and the legislative branch, whether that be the Fed and otherwise and so anything we can do to try to restore that faith, I think makes a lot of sense."The White House is not endorsing a specific approach to ethics in Congress, officials told Insider after Deese's comments aired. "As Brian said this morning, President Biden believes that all government agencies and officials, including independent agencies, should be held to the highest ethical standards, including the avoidance of any suggestion of conflicts of interest," Emilie Simons, White House assistant press secretary, said. "At this early point in the legislative process, the White House has not endorsed any bill text."The 2012 STOCK Act allows members of Congress and their top staff to trade stocks but requires them to regularly report their trades, as well as other ways they earn money outside their congressional salaries. Though there has been a flurry of activity in recent weeks to tighten stock trading rules, numerous lawmakers including Democratic Sens. Kyrsten Gillibrand of New York and Jeff Merkely of Oregon have long pushed to make the law stronger. <a href="https://www.businessinsider.com/financial-conflicts-congress-members-rated-2021-12">In December, Insider published "Conflicted Congress,"</a> a five-month long investigation that found dozens of lawmakers and 182 senior congressional staffers had violated the STOCK Act by failing to properly report their stock trades. Insider reached out to the White House for comment before the project launched, alerting officials about the investigation's findings. Officials were asked to comment on the findings given that Biden was vice president when President Barack Obama signed the STOCK Act into law. At the time, Obama said the law was crucial to restoring faith in government.Yet the White House did not reply to requests to comment on what it wanted Congress to do in light of Insider's findings. During Biden's 2020 presidential campaign, he <a href="https://joebiden.com/governmentreform/">pledged</a> to work with Congress to pass legislation to prevent self-enrichment via personal financial holdings.Deese's remarks come as lawmakers on both sides of the aisle have <a href="https://www.businessinsider.com/pretty-dangerous-democracy-members-congress-want-ban-stock-trading-2022-1">proposed a slew of bills to ban stock trading in recent days</a>, including a <a href="https://www.businessinsider.com/josh-hawley-jon-ossoff-introduce-dueling-stock-trading-bans-2022-1">pair of competing proposals unveiled on Wednesday</a> by Sen. Jon Ossoff, a Democrat of Georgia, and Sen. Josh Hawley, a Republican of Missouri.Ossoff's proposal, which he's co-sponsoring with fellow Democratic Sen. Mark Kelly of Arizona, would force members to place stocks in a blind trust. It's similar to the House's TRUST in Congress Act, introduced by Reps. Abigail Spanberger, a Democrat of Virginia, and Chip Roy, a Republican of Texas. Connor Joseph, a spokesman for Spanberger, told Insider that the congresswoman was "very encouraged by Deese's comments this morning" and is "excited about the growing momentum behind this push."Democratic Rep. Angie Craig of Minnesota said Thursday that she would be introducing a bill to ban lawmakers from holding individual stocks outright, going beyond blind trusts.Pelosi <a href="https://www.businessinsider.com/we-are-free-market-economy-pelosi-rejects-stock-ban-congress-2021-12">rejected the idea of a ban</a> when asked by Insider at a December press conference."We are a free-market economy. They should be able to participate in that," she said.House Minority Leader Kevin McCarthy is <a href="https://www.businessinsider.com/kevin-mccarthy-considers-barring-lawmakers-trading-stocks-2022-1">reportedly supportive of curtailing stock-trading by lawmakers</a>.Democratic Sen. Mark Warner of Virginia — chairman of the US Senate Select Committee on Intelligence and the 6th wealthiest member of Congress, per an <a href="https://www.businessinsider.com/wealthiest-members-congress-house-senate-finances-2021-12#6-sen-mark-warner-a-democrat-from-virginia-93534098-20" target="_blank" rel="noopener noreferrer">Insider analysis</a> — endorsed a ban on members of Congress trading individual stocks."Members ought to restrain themselves from playing in the market ... If you take these jobs and responsibility, you have to be willing to give up something," Warner <a href="https://pod.link/1522960417/episode/e331e50da6b454f11d8fbe3a944e67e0">told Alan Kantrowitz of the Big Technology Podcast</a>."Even if you're not doing anything wrong," he said, "it looks bad." This story has been updated to include comments from the White House.

Biden's top economic advisor opens door to a stock-trading ban for members of Congress despite Pelosi's opposition, says it would 'restore faith in our institutions'

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PM Modi’s Maiden US Visit Over, India To See Investments Pouring In?

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Biden's top economic advisor opens door to a stock-trading ban for members of Congress despite Pelosi's opposition, says it would 'restore faith in our institutions'

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