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In an effort to give a further boost to partnership, India, and the US signed a landmark Memorandum of Understanding (<keyword id="19914814" type="General" weightage="20" keywordseo="MoU" source="keywords">MoU</keyword>), which will enable the Micro, Small and medium enterprises (<keyword id="19910977" type="General" weightage="100" keywordseo="MSMEs" source="keywords">MSMEs</keyword>) of the two countries to participate in <keyword id="19908188" type="General" weightage="20" keywordseo="global-markets" source="keywords">global markets</keyword> and foster trade. "<keyword id="20233690" type="General" weightage="20" keywordseo="India-US" source="keywords">India-US</keyword> joining hands to promote cooperation in MSMEs," the official spokesperson of the Ministry of External Affairs, Randhir Jaiswal, wrote on X. "Today, India-US signed a landmark MoU that enables MSMEs of the two countries to participate in global markets, drive innovation, foster trade, and support <keyword id="19930409" type="General" weightage="20" keywordseo="women-entrepreneurs" source="keywords">women entrepreneurs</keyword>," he added. S. C. L. Das, Secretary, Ministry of Micro, Small and Medium Enterprises, and Isabel Casillas Guzman, Administrator, <keyword id="21149255" type="General" weightage="20" keywordseo="small-business-administration" source="keywords">Small Business Administration</keyword> (SBA), United States of America, signed the MoU here in New Delhi. The MoU provides a framework for both sides to discuss issues concerning micro, small and medium enterprises (MSMEs) and explore possibilities for cooperation. It envisages the exchange of expertise between the two sides on issues related to improving MSME participation in the global marketplace through mutual visits as well as webinars and workshops on topics including access to trade and export finance, technology and digital trade; green economy, and trade facilitation. The MoU also provides for the joint conduct of programmes for women entrepreneurs to empower them and facilitate trade partnerships between women-owned small businesses in the two countries. Recognising the crucial role that MSMEs play in advancing <keyword id="20421749" type="General" weightage="20" keywordseo="inclusive-growth" source="keywords">inclusive growth</keyword>, expanding exports, and boosting employment, the two sides also agreed to explore the development of a "Business Matching Digital Platform" to boost <keyword id="20035864" type="General" weightage="20" keywordseo="business-opportunities" source="keywords">business opportunities</keyword>.

India-US join hands to promote cooperation in MSMEs

Meet Miss USA 2024 Alma Cooper, the Army officer who hopes to become the 10th American woman to win Miss Universe

<ul class="summary-list"><li>Russia this week launched large-scale naval and air drills with China.</li><li>Military cooperation between the two powers is growing.</li></ul>China and Russia have long railed against what they claim is the malign influence of US power. Now, they're sending a signal to the West that they have the combined military strength to challenge <keyword id="22115694" type="General" weightage="20" keywordseo="US-dominance" source="keywords">US dominance</keyword>. On Tuesday, the Russian military launched large-scale naval and air drills in the <keyword id="21182587" type="General" weightage="20" keywordseo="Sea-of-Japan" source="keywords">Sea of Japan</keyword> alongside China. Taking place in the Pacific and Arctic Oceans, the Mediterranean, Caspian, and Baltic Seas, the "Ocean-24" exercise is massive in scale. According to the Russian Defense Ministry, it involves more than 400 warships, submarines, and support vessels, more than 120 planes and helicopters, and more than 90,000 troops. "This exercise aims to deepen the <keyword id="20275236" type="General" weightage="20" keywordseo="strategic-cooperation" source="keywords">strategic cooperation</keyword> level between the Chinese and Russian militaries and enhance their ability to jointly deal with security threats," China's Defense Ministry said Monday, reported <a target="_blank" class="" href="https://www.themoscowtimes.com/2024/09/09/china-to-hold-military-drills-with-russia-this-month-a86302">the AFP newswire.</a> It's the second time in only three months that the powers have held joint <keyword id="20252562" type="General" weightage="20" keywordseo="military-exercises" source="keywords">military exercises</keyword>, with drills held near the southern Chinese port of Guangdong in July. It's a sign of the growing military alignment of the powers, with the <a target="_blank" class="" href="https://x.com/ChinaPowerCSIS/status/1821607307702108546">China Power Project finding</a> that of the 102 joint exercises held by the militaries since 2003, more than half took place in the last seven years. Graeme Thompson, an analyst with the Eurasia Group, told Business Insider that Russia and China were sending a message. "Russia's naval exercises are intended to signal that Moscow is still a global power that can operate in a range of blue-water theaters around the world," he said. "China's participation is part of a long-running trend of deeper Sino-Russian strategic cooperation and military integration." <h2>An <keyword id="23230129" type="General" weightage="20" keywordseo="anti-US" source="keywords">anti-US</keyword> axis</h2> <div type="image" title="Putin and Xi walking past a row of Chinese soldiers in full dress uniforms holding rifles and standing to attention" height="632" width="1024" msid="113295564" hostid="261"></div>On the eve of Russia's invasion of Ukraine, China's leader Xi Jinping and Russia's President Vladimir Putin declared a "no limits" partnership as part of their shared mission to challenge US global dominance. In the three years since, China has provided Russia with crucial diplomatic and economic support as it faced isolation over the Ukraine invasion, and, according to the US, is providing the Kremlin with increasing support for its weapons industry. In defiance of the West, both nations are flexing their power and showcasing their capacity to project military strength. The Pacific, where the US and its allies, including <a target="_blank" href="https://www.businessinsider.com/us-aircraft-carrier-south-korea-north-korea-russia-putin-kim-2024-6">South Korea and Japan, have a major</a> naval presence, is a potential flash point. The joint exercises are taking place in the Sea of Japan and Sea of Japan and the Sea of Okhotsk. China and Russia both have territorial disputes with Japan, while China is menacing Taiwan with invasion, a move that could trigger conflict with the US. "There's clearly an intention on the part of Beijing and Moscow to show that they can jointly project power in the Indo-Pacific," Thompson said. China's continuing to strengthen its partnership with Russia despite increasingly stark criticism<a target="_blank" class="" href="https://www.businessinsider.com/nato-accused-china-supplying-russia-arms-components-ukraine-war-2024-7"> from the West.</a> The July military exercises came after NATO accused China of being a "decisive enabler" of Russia's war in Ukraine. <h2>Great power competition intensifies</h2> <div type="image" title="A large explosion behind two US military armoured vehicles during a military show in Alaska" height="683" width="1024" msid="113295563" hostid="261"></div>Some experts are warning that joint Russian and Chinese military strength poses a serious challenge to the West. It's a potential threat on a scale the US hasn't faced in decades, with its military focused on fighting militant groups in the face of chaos in the Middle East. "A full-scale China-Russia alliance would present the United States with a threat unlike any it has confronted since the end of the Cold War," analyst Chels Michta wrote in an <a target="_blank" href="https://cepa.org/author/chels-michta/">article for the Center for European Policy Analysis last November.</a> The Congressional Commission on the Strategic Posture of the United<a target="_blank" href="https://www.ida.org/-/media/feature/publications/A/Am/Americas%20Strategic%20Posture/Strategic-Posture-Commission-Report.pdf"> States last October </a>urged the Pentagon to urgently revise its strategy so it could potentially fight both powers at the same time. Some analysts, though, are pointing to tensions between Russia and China that could weaken the alliance. Russia has become a junior partner to Xi's China, and it is increasingly reliant on it to keep its war machine and economy running. And China is likely using the war in Ukraine for its own purposes, to weaken and distract the West as it plans a possible attack on Taiwan, analysts at the <a target="_blank" class="" href="https://www.rusi.org/explore-our-research/publications/commentary/russia-and-china-true-nature-their-cooperation">Royal United Services Institute in the UK wrote in July.</a> But for now, the alliance is growing closer, and Thompson said that the US would be watching the latest military exercises between Russia and China closely. "This is yet another signal that the geopolitical environment continues to deteriorate amid ongoing great power competition," he said. Correction: September 12, 2024 — An earlier version of this story misspelled the surname of an analyst with the Eurasia Group. It's Thompson, not Thomson.

Russia and China's anti-US alliance is growing even more threatening

A bill seeking to provide for four nominees by a bank account holder was introduced in the <keyword id="19895394" type="General" weightage="20" keywordseo="Lok-Sabha" source="keywords" meta.keywordsubtype="org" meta.entityname="Lok Sabha" meta.hostid="153" meta.entityid="Lok Sabha">Lok Sabha</keyword> on Friday to ensure better protection of depositors and enhance customer convenience. Introduced by Minister of State for Finance Pankaj Chaudhary in the Lower House, the Banking Laws (Amendment) Bill, 2024, has a provision for simultaneous and successive nominations to bank accounts, lockers, etc. As per the provision of the bill, a bank account holder can nominate up to four persons. The bill also seeks to transfer of unclaimed dividends, shares, and interest or redemption of bonds to the Investor Education and Protection Fund (IEPF), allowing individuals to claim transfers or refunds from the fund, and thus safeguarding investors' interests. As the banking sector has evolved over the years, and with a view to improving bank governance and investor protection, it has become necessary to make certain amendments to five Acts, according to Statement of Objects and Reasons of the Bill. The Bill, which was approved by the <keyword id="19916620" type="General" weightage="20" keywordseo="Union-Cabinet" source="keywords" meta.keywordsubtype="org" meta.entityname="Union Cabinet" meta.hostid="153" meta.entityid="Union Cabinet">Union Cabinet</keyword> last week, proposes to amend the <keyword id="20824389" type="General" weightage="20" keywordseo="Reserve-Bank-of-India-Act" source="keywords">Reserve Bank of India Act</keyword>, 1934, the Banking Regulation Act, 1949, the State Bank of India Act, 1955, the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980. The proposed bill seeks to improve governance standards, provide consistency in reporting by banks to the Reserve Bank of India, ensure better protection for depositors and investors, improve audit quality in public sector banks, bring customer convenience in respect of nominations, and to provide for increase in the tenure of the directors in co-operative banks. Another proposed change relates to redefining 'substantial interest' for directorships, which could increase to Rs 2 crore instead of the current limit of Rs 5 lakh, which was fixed almost six decades ago. Congress member Manish Tewari opposed the introduction of the bill, saying the power to legislate with regard to cooperatives vests with state governments. RSP member N K Premachandran opposed amending five legislations through one bill, while TMC member Saugata Roy termed the bill "superfluous", saying the the amendments proposed in the bill could have been done through administrative decisions. Responding to opposition's remarks, <keyword id="19956758" type="General" weightage="20" keywordseo="Finance-Minister" source="keywords">Finance Minister</keyword> Nirmala Sitharaman said the various amendments done in Banking Regulations Act with respect to <keyword id="20814377" type="General" weightage="20" keywordseo="cooperative-banks" source="keywords">cooperative banks</keyword> are not just one or two but several. "Simple understanding is we are not touching any aspect of the cooperatives other than that which claims under the name of banking...the sections which have been brought in for amendments, as also the court verdicts, have repeatedly reinforced the point that Banking Regulation Act and the Cooperative Banks do have this relationship and therefore it has to be taken through this route," she said. Otherwise, there is no attempt to undermine the cooperatives, particularly cooperatives dealing with everything other than banks, she said defending the Bill. The bill proposes to increase the tenure of directors (excluding the chairman and whole-time director) in cooperative banks from 8 years to 10 years, so as to align with the Constitution (Ninety-Seventh Amendment) Act, 2011. Once passed, the bill would allow a director of a Central Cooperative Bank to serve on the board of a State Cooperative Bank. The bill also seeks to give greater freedom to banks in deciding the remuneration to be paid to statutory auditors. It also seeks to redefine the reporting dates for banks for regulatory compliance to the 15th and last day of every month, instead of the second and fourth Fridays. "What's the rationale behind it? The current reporting Friday system has several limitations that impact the accuracy and effectiveness of the reporting of data. "These limitations are incomplete coverage of monthly data, seasonal fluctuations in banking activity which lead to inconsistent reporting, and the need for adjustment every 11th year which introduces complications and inconsistencies. That is why, in order to address the issue, it is proposed to amend the legislation," she said. The announcement about amendments to the Banking Regulation Act was made by the Finance Minister in the 2023-24 Budget speech. "To improve bank governance and enhance <keyword id="22728161" type="General" weightage="20" keywordseo="investors-protection" source="keywords">investors' protection</keyword>, certain amendments to the Banking Regulation Act, the Banking Companies Act and the Reserve Bank of India Act are proposed," she had said.

Bill to provide up to four nominees to a bank account introduced in Lok Sabha

<ul class="summary-list"><li>Miss Michigan <keyword id="22766960" type="General" weightage="20" keywordseo="Alma-Cooper" source="keywords">Alma Cooper</keyword> was crowned the <keyword id="22766965" type="General" weightage="20" keywordseo="new-Miss-USA" source="Orion">new Miss USA</keyword> on Sunday night.</li><li>Cooper, 22, is a <keyword id="22766963" type="General" weightage="20" keywordseo="second-lieutenant" source="keywords">second lieutenant</keyword> and <keyword id="22766964" type="General" weightage="20" keywordseo="military-intelligence-officer" source="keywords">military intelligence officer</keyword> in the US Army.</li></ul>A new <a target="_blank" href="https://www.businessinsider.com/miss-usa">Miss USA</a> has been crowned. Alma Cooper was named the winner of the 73rd <keyword id="21099090" type="General" weightage="100" keywordseo="Miss-USA" source="keywords" meta.keywordsubtype="org" meta.entityname="Miss USA" meta.hostid="261" meta.entityid="Miss USA">Miss USA</keyword> <keyword id="20535570" type="General" weightage="20" keywordseo="pageant" source="keywords">pageant</keyword>, which was held at Peacock Theater in Los Angeles on Sunday night. She was crowned by <a target="_blank" href="https://www.businessinsider.com/miss-usa-new-queen-miss-hawaii-savannah-gankiewicz-2024-5">Savannah Gankiewicz</a>, who assumed the title of Miss USA 2023 after <a target="_blank" class="" href="https://www.businessinsider.com/miss-usa-noelia-voigt-resigned-from-title-2024-5">Noelia Voigt resigned</a> in May. Cooper, 22, is a second lieutenant and military intelligence officer in the US Army. <div type="image" title="Miss USA 2024 Alma Cooper" height="1333" width="2000" msid="112275602" hostid="261"></div>According to her Miss USA bio, Cooper graduated in the top 5% of her class from <keyword id="22766962" type="General" weightage="20" keywordseo="West-Point-Military-Academy" source="keywords" meta.keywordsubtype="org" meta.entityname="West Point Military Academy" meta.hostid="261" meta.entityid="West Point Military Academy">West Point Military Academy</keyword> and is a Knight-Hennessy Scholar at Stanford University, where she's pursuing a master's in data science. Before taking the crown, Cooper competed in the evening gown, swimsuit, and interview rounds. The top five contestants all had to answer the same question: "How can we bridge the gap between different cultures and foster understanding and respect?" "As the daughter of a migrant worker, a proud Afro-Latina woman, and an officer of the United States Army, I'm living the American dream," Cooper responded. "If there's anything that my life and my mother have taught me, it's that your circumstances never define your destiny." <div type="image" title="Miss USA 2024 Alma Cooper" height="3000" width="2000" msid="112275595" hostid="261"></div>During a video that played during her final walk, Cooper also revealed what winning the Miss USA title would mean to her. "I would have the opportunity to show that if you can see me, you can be me," she said. "I want to show that through demanding excellence, success is accessible." Cooper is taking over the title during a <a target="_blank" href="https://www.businessinsider.com/miss-usa-pageant-scandals-queens-laylah-rose-organization-2024-7">tumultuous time for Miss USA</a>. The pageant made headlines in May after both Voigt and <a target="_blank" href="https://www.businessinsider.com/miss-teen-usa-resigns-after-miss-usa-gives-up-crown-2024-5">Miss Teen USA UmaSofia Srivastava</a> gave up their crowns. <a target="_blank" href="https://www.businessinsider.com/miss-colorado-arianna-lemus-resigns-in-support-of-miss-usa-2024-5">Miss Colorado Arianna Lemus</a> resigned that same week in solidarity. Voigt and Srivastava haven't publicly disclosed many details surrounding their resignations, citing nondisclosure agreements. But their mothers, <a target="_blank" href="https://www.businessinsider.com/miss-usa-miss-teen-usa-mothers-speak-out-resignations-2024-5">Jackeline Voigt and Barbara Srivastava</a>, told Business Insider during an interview in May that it was due to harassment they experienced under the leadership of <a target="_blank" href="https://www.businessinsider.com/miss-usa-changes-after-rigging-controversy-2023-9">Miss USA CEO Laylah Rose</a>. "Our daughters were happy and excited to have the job of their lives when they won those crowns," Barbara Srivastava said. "And to expect this is the payment on their self-esteem and their confidence, being bullied by a 46-year-old woman who just wants to be in the limelight herself — this is unacceptable." "She said, 'Mom, I have to do this because I cannot let her keep hurting me or hurting other girls,'" Jackeline Voigt recalled. <div type="image" title="Alma Cooper and Savannah Gankiewicz" height="1429" width="2000" msid="112275603" hostid="261"></div>Multiple people who worked behind the scenes at Miss USA also walked away from the organization this year. Kimberly Nicewonder and Paula Miles — state pageant directors who had been with the Miss USA organization for over three decades — both blamed Rose's leadership for their resignations. Rose did not respond to previous requests for comment. Before her final walk as Miss USA 2023, Gankiewicz — who has spoken out in support of the organization and Rose — told the audience that she'd had "the most unique reign in history." It remains to be seen what the year will hold for the new Miss USA. Correction: August 5, 2024 — An earlier version of this story misspelled the name of the Miss Colorado titleholder who resigned in May. She's Arianna Lemus, not Ariana Lemus.

The new Miss USA is a US Army officer from Michigan

<ul class="summary-list"><li>Alex Cooper signed a three-year deal with SiriusXM that's reportedly valued at up to $125 million.</li><li>The deal surpasses her previous $60 million Spotify contract and SmartLess's $100 million deal.</li></ul>Star podcaster Alex Cooper grabbed headlines this week when the news came out that she'd reached a three-year deal with SiriusXM that outlets like <a target="_blank" href="https://www.cnbc.com/2024/08/22/call-her-daddy-host-signs-125-million-deal-quantify-your-value.html">CNBC</a> and <a target="_blank" href="https://variety.com/2024/digital/news/alex-cooper-deal-siriusxm-call-her-daddy-exclusive-content-1236112140/">Variety</a> pegged at "up to $125 million."It's a jaw-dropping figure — more than twice her previous $60 million deal with <a target="_blank" class="" href="https://www.businessinsider.com/leaked-deck-how-spotify-competing-for-video-ad-dollars-2024-8">Spotify</a> back in 2021 and higher even than the <a target="_blank" href="https://www.hollywoodreporter.com/business/business-news/smartless-podcast-moves-to-siriusxm-1235809670/">reported $100 million</a> snagged earlier this year by SmartLess. But the "Call Her Daddy" host can't exactly sit back and cash a check for $41 million each year.Three insiders with knowledge of how SiriusXM negotiates such deals said the contract would contain a set of caveats. She can earn as much as the widely reported $125 million — but it won't be easy. These insiders spoke with Business Insider on the condition of anonymity to discuss private contract negotiations.First, the three insiders said podcasting companies like SiriusXM had gotten smart about downside protection. Gone are the days when the likes of <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/spotify-stock-price-record-profit-2nd-quarter-subscriber-growth-streaming-2024-7">Spotify</a> would shell out <a target="_blank" href="https://www.businessinsider.com/meghan-markle-prince-harry-new-netflix-shows-suits-spotify-deal-2024-4#:~:text=The%20audio%2Dstreaming%20company%20signed,2020%20reportedly%20worth%20%2420%20million.">tens of millions to Meghan Markle and Prince Harry</a> without a clear proof of concept or <a target="_blank" href="https://www.businessinsider.com/spotify-star-podcast-partners-few-shows-insiders-tumult-2022-2">sign high-profile deals with celebrities like Mark Wahlberg</a> with few strings attached. Even the <a target="_blank" class="" href="https://www.businessinsider.com/why-spotify-joe-rogan-podcast-deal-renewed-2024-2">most popular podcast hosts</a> have to hit certain targets.Now, there is something that one podcast industry veteran referred to as "download insurance." A podcast deal with a host like Cooper would be based on a certain number of downloads a month. It could be her current number or one based on an expectation of growth. If that download number falls short by a substantial amount over a sustained period, her payout could drop."These networks want to have some kind of downside protection," a top audio agent said. "All the buyers have just gotten more risk averse since 2023 when the economy got more wonky."Cooper's SiriusXM deal is also not just for "Call Her Daddy," but for her Unwell Network's "<a target="_blank" href="https://investor.siriusxm.com/news-events/press-releases/detail/2096/siriusxm-inks-new-multi-year-agreement-with-alex-cooper">complete slate</a> of current and future shows." That includes podcasts from influencers like Alix Earle, Madeline Argy, Harry Jowsey, and Owen Thiele — as well as potential others to come. SiriusXM pays Cooper for the shows, but she has to pay the other hosts in the network.The industry insiders said contracts like Cooper's from SiriusXM also include other targets that need to be hit to reach their full potential, like live events and programming for the company's satellite radio.Cooper is undoubtedly one of the biggest forces in podcasting. Her show was the second most popular on <a target="_blank" href="https://newsroom.spotify.com/2023-11-29/top-songs-artists-podcasts-albums-trends-2023/">Spotify</a> last year, and in the first quarter of this year, "Call Her Daddy" had the seventh largest podcast audience in the US, according to <a target="_blank" href="https://www.edisonresearch.com/the-top-50-podcasts-in-the-u-s-for-q1-2024">Edison Research</a>. The benefits she brings also extend beyond Cooper herself — signing her could help SiriusXM attract the next audio star."SiriusXM is the perfect home for Alex to continue her amazing growth trajectory, with our unique ability to introduce her and her growing roster of standout talent to new listeners, as well as super-serve her core fans with new content," Scott Greenstein, president and chief content officer at SiriusXM, said in an announcement. "Alex is the voice of a new generation, and I can't wait to see what we do together in the years to come.""The buyers are getting tremendous value," the audio agent said. "There's only one 'Call Her Daddy.'"But SiriusXM will only be shelling out $125 million if that "tremendous value" is fully realized over the next three years.

You Searched For "cooperation" and got 6 results

India-US join hands to promote cooperation in MSMEs

ANI

Meet Miss USA 2024 Alma Cooper, the Army officer who hopes to become the 10th American woman to win Miss Universe

Anneta Konstantinides

Russia and China's anti-US alliance is growing even more threatening

Tom Porter

Bill to provide up to four nominees to a bank account introduced in Lok Sabha

PTI

The new Miss USA is a US Army officer from Michigan

Anneta Konstantinides

'Call Her Daddy' star Alex Cooper could earn $125 million from her new podcast deal — but it won't be easy

Madeline Berg,Lucia Moses

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