White House Principal Deputy Press Secretary Karine Jean-Pierre told reporters on Monday that the United States is actively working to reach a diplomatic solution to de-escalate the crisis.

India is a driving force of the Quad and an engine for regional growth, said the White House, days after foreign ministers of the countries, which are part of the grouping, met in Melbourne.

The United States has asserted that it stands with India against Chinese aggression as several lawmakers slammed China for choosing a People's Liberation Army soldier.

In the midst of third wave of COVID-19, Finance Minister Nirmala Sitharaman has come up with an impactful Budget which is balanced, fiscally prudent and growth-oriented, the USA India Chamber of Commerce has said. President of the Boston-based USA India Chamber of Commerce (USAIC) Karun Rishi, however, said it is a matter of concern that the budget lacks tangible measures to increase revenue generation. "Opting to keep the fiscal deficit at 6.9 per cent and increase capital expenditure by 35 per cent is a masterstroke. "The annual budget estimates the effective capital expenditure of Rs 10.68 lakh crore in 2022-23, making up about 4.1 per cent of the GDP," he said. "A phenomenal increase in the government's capital expenditure is likely to facilitate the expenditures on infrastructure and create jobs.

The US continues to have its concerns over India purchasing the multi-billion missile defense system from Russia.

The IMF on Tuesday cut India's economic growth forecast by 0.5 percentage points to 9 per cent for the current fiscal year, with its chief economist Gita Gopinath saying that the slight downgrade is mainly due to the impact of the spread of the Omicron variant. "If you look at the 2021-22 fiscal year, we have a slight downgrade of -0.5 percentage points and for the next fiscal year 2022-23 we have a slight upgrade of 0.5 percentage points. So, growth for the previous fiscal year is now nine per cent and for this year now is at nine per cent. We moved it up slightly," Gopinath told reporters during a news conference in Washington. In its latest update of World Economic Outlook on Tuesday, the International Monetary Fund has cut India's economic growth forecast to 9 per cent for the current fiscal year ending March 31, joining a host of agencies which have downgraded their projections on concerns over the impact of the spread of Omicron on business activity and mobility.

The United States has made it clear to India that it is "discouraging" it from proceeding with its acquisition of S-400 missile defence systems from Russia but Washington will have to weigh "important geostrategic considerations" while taking a decision on growing calls for a presidential CAATSA waiver to New Delhi, President Joe Biden's nominee for Coordinator for Sanctions Policy has told lawmakers.

The remarks of White House Press Secretary Jen Psaki came ahead of the 14th round of military-level talks between India and China on the 20-month row in eastern Ladakh.

Gita Gopinath, the IMF's Indian-American chief economist has been promoted as its First Deputy Managing Director recognising her exceptional intellectual leadership in helping the global economy and the Fund to navigate the "twists and turns" of the "worst economic crisis of our lives". Gopinath would replace Geoffrey Okamoto who plans to leave the International Monetary Fund early next year, Kristalina Georgieva, IMF's managing director announced on Thursday. Gopinath, who was scheduled to return to her academic position at Harvard University in January 2022, has decided to stay, she said. Gopinath, 49, has served as the first female chief economist of the Washington-based global lender for three years.

The historic addition marks Harvard as the first Ivy League school to have caste equity protection in its non-discrimination clause for unionised student workers.

'Thirteen years have passed since the 26/11 terrorist attack in Mumbai. On today's anniversary, we remember the victims, including six Americans, and the resiliency of Mumbaikars. It is long overdue for the perpetrators to face justice,' Blinken said in a tweet on Friday.

The United States has not made a determination yet on any potential Countering America's Adversaries Through Sanctions Act (CAATSA) waiver to India with regard to its purchase of S-400 missile defence system from Russia, the Biden Administration said Tuesday.

In yet another immigration-friendly move that would benefit thousands of Indian-American women, the Biden administration has agreed to provide automatic work authorisation permits to the spouses of H-1B visa holders, most of whom are Indian IT professionals.

China has been taking "incremental and tactical actions" to press its claims at the Line of Actual Control (LAC) with India and has unsuccessfully sought to prevent New Delhi from deepening its relationship with the US during and subsequent to the standoff, the Pentagon has said in a major report on China's military modernisation.

Led by Congresswoman Carolyn B Maloney from New York, lawmakers on Wednesday announced that a bill has been introduced in the House of Representatives to declare Diwali, festival of lights, a federal holiday.

Two powerful US Senators have urged President Joe Biden not to impose provisions of the punitive Countering America's Adversaries Through Sanctions Act against India for buying the S-400 surface-to-air missile system from Russia.

There has been a considerable drop in India's dependence on arms and equipment from Russia but the Indian military cannot operate effectively without Russian-supplied equipment and will continue to rely on its weapons systems in the near and middle terms, a Congressional Research Service report has said.

The US will lift all restrictions for fully vaccinated international travellers, including from India, from November 8 but they will have to show proof of a negative coronavirus test before boarding a flight to the country, the White House has announced.

Hindus worldwide celebrate Navratri, Dussehra, Durga Puja, and Diwali around October. Hence, this month was considered by several US-based Hindu organisations to celebrate as the Hindu Heritage Month

The US Customs and Border Protection (CBP), ahead of the holiday shopping season, warned consumers to be extra diligent while shopping online for children's toys after the recent seizure of toys that were coated in unsafe levels of lead, cadmium and barium.