New York — Indian American Punit Renjen was appointed  the next CEO of U.S.-based accounting giant Deloitte’s global operations, becoming the first person of Indian origin to head a “Big-Four” audit firm.

Renjen joins a growing list of persons of Indian origin like Indira Nooyi, Satya Nadella and Anshu Jain, who have made it to the top posts at multi-billion dollar global corporations like PepsiCo, Microsoft and Deutsche Bank, respectively.

Deloitte, which is present across 150 countries, including India, and employs over 200,000 people, is one of the four largest audit firms in the world and competes with PwC, KPMG and EY.

Hailing from Rohtak, Haryana, Renjen will assume his new role of Deloitte Global Chief Executive Officer from June 1. He will succeed Barry Salzberg in this role and is currently serving as U.S. business chairman and CEO of the group.

“I am honored to have been elected as Deloitte Global’s next CEO,” Renjen said in a statement.

“Renjen’s leadership appointment is part of a rigorous and comprehensive nomination and member firm partner ratification process that occurs every four years and includes all member firms of the Deloitte worldwide network,” Deloitte said.

Renjen, who has been with Deloitte for over 27 years, grew up in India and holds a bachelor’s degree with honors and a master’s degree in management from Willamette University.

Renjen did his schooling at Lawrence School, Sanawar, Himachal Pradesh, after which he left for the U.S. to pursue higher studies.

He has held a number of leadership positions, including chairman and CEO of Deloitte Consulting LLP. In addition to being chairman of Deloitte LLP, he currently also serves as a member of the board of directors of Deloitte Touche Tohmatsu Limited (Deloitte Global), and as chairman of the Deloitte Foundation board of directors.

His new role would begin on the first day of Deloitte’s new fiscal year on June 1, 2015.

An earlier India-West report added that revenue at Deloitte, which seeks to expand in emerging markets like India, South America and Africa, grew 6.5% to $34.2 billion in the financial year ended May 31, led by a double-digit increase in consulting income.

The Indian arm of Deloitte, according to India-based LiveMint, has been one of the fastest growing divisions, posting a double-digit increase in revenue in the last financial year. Deloitte’s network includes 47 member firms operating in 150 countries and 200,000 employees.

Renjen was named one of the “Top 25 Most Influential Consultants” by Consulting magazine in 2007.

Source: India West

The economic and political relationship between India and the
United states is quite appropriately a global strategic partnership. The world’s two largest democracies have much in common to constitute a comprehensive alliance. Perhaps the United States have many similar things in common with India compared to other Asian nations. The United States has much to acquire with a genial relationship from India. India is the quintessential multicultural country like the US. It is very different from countries like China and Japan, which are proud of their perceived ethnic and cultural purity and homogeneity.

Consistent political visits to India from the United States has provided sustained momentum to bilateral cooperation. President Barack Obama’s visit to India is certainly going to be a seminal moment for strategic ties between the two nations. When Indian Prime Minister Narendra Modi invited President Obama to be the chief guest at the Republic day, President Obama personally felt honored and accepted the invitation.

He believes this as a successful summit with PM Modi. Deputy National Security Adviser Ben Rhodes mentioned that, “There’s a great affinity between the US and India and our people, but there’s also a history that is complicated and that would have made it seem highly unlikely that a US President would be sitting with India’s leaders at their Republic Day ceremony. And I think he sees this as a potentially transitional if not transformational moment for the relationship because we have a very strong and clear indication from India’s leadership that they want to elevate our bilateral cooperation and our global cooperation”.

President Obama invited Congressman Ami Bera to travel to India with him on Air Force One. Congressman Bera will be a part of the delegation travelling on 24^th January to New Delhi. They will be attending the Republic Day function and meet Indian ministers, government officials and policy advocates  to discuss further strengthening Indo-US strategic partnership. Stating his excitement to be a part of this historic trip, Congressman Ami Bera mentioned that, “Prime Minister Narendra Modi’s trip to the United States last year was a turning point in relations for our countries, and now this trip will be an important opportunity to continue to move the US-India relationship forward”.

Obama will also be accompanied by Nancy Pelosi, the top Democrat in the House of Representatives, Democratic Senator Mark Warner, cabinet members and other lawmakers to New Delhi, where they will attend the Republic Day event followed by the meeting with top policy makers from India on ways to increase investments in the US.

Washington,  (PTI) Influential India- American lawmaker, Ami Bera said he will build on President Barack Obama’s India trip and work with the country’s new Foreign Secretary S Jaishankar to take bilateral ties forward.

Jaishankar, who today took charge as the country’s new Foreign Secretary, till yesterday was the Indian Ambassador to the US.

“Congratulations to new Foreign Secretary Jaishankar. He’s been an excellent ambassador to the US and a dedicated public servant to India,” Congressman Bera said.

Bera is Co-Chair of Congressional Caucus on India and Indian Americans –- the largest country specific caucus in House of Representatives.

“Building on the momentum of the Presidential trip to India that I just returned from, I look forward to working with the new foreign secretary to advance the US-India relationship,” said Bera, who is the only Indian-American lawmaker in the current Congress.

Source: Niti Central

As we entered 2015,  we would like to express our sincere gratitude to all the supporters and friends for getting associated with USINPAC during 2014.  We are extremely grateful for the generosity of our funders, donors, volunteers, partners and sponsors  who  showed active interest in USINPAC initiatives and are continuing to play an imperative role in moving the organization. Your support allows us to continue to set goals, reaching 3.2 million Indian-Americans and work on those issues that concern the community.

With over 12 years of experience working for the Indian American community in the U.S, USINPAC in significant ways supports candidates for local, state and federal office and encourages political participation by the Indian- American community.  In the year 2015, we plan to emphasize more on “fair and balanced policies” and ensure that the concerns of the community are effectively addressed.

This year felt like the future arrived all at once. We witnessed one of the most historic win by Narendra Modi-led Bharatiya Janata Party in the Lok Sabha elections. Prime Minister Narendra Modi not only won the hearts of the people in India but abroad too. His presence at Madison Square Garden was truly a spectacle like no other.  PM Modi in his quintessential style made everyone thrilled by his visionary speech. USINPAC played an integral part in this historic event and we thank the entire community  for their support and presence at Madison Square Garden.

This year USINPAC organized a bi-weekly series of  ‘Leadership Dialogues’, focusing on topics which are monumental both for India and the United States. The series was widely accepted and appreciated from lawmakers and senior policy experts, leaders of Indian American community, and the investor and media communities in the United States.  The series featured eminent experts from the United states and India, including various think tanks, BJP ministers, CEO’s and media professionals. The leadership dialogue sessions have been instrumental to the USINPAC mission of serving as a unified voice of the Indian American community. We thank all our experts and callers for participating is this exceptional webinar and getting involved with the NRI community.

USINPAC in the year 2014 performed phenomenally well. USINPAC organized “US-INDIA: THE ROAD AHEAD”,  a special event in honor of the new incoming Indian Government and Prime Minister  Narendra Modi. The seminar focused on the US- India Post Election Landscape on Bilateral Trade. The Seminar took place in the US Capitol Visitor Center. The speakers for this seminar were a well known congressman and senators, including Congressman Ami Bera, Congressman Joe Crowley and many more. The seminar primarily focused on to build healthy relationships that will be able to rise to a level unseen before in US-India relations.

USINPAC concluded the grassroots campaign to schedule a Joint Session of congress address by PM Modi. Due to the Prime Minister’s brief U.S. sojourn, the intervening U.S. Congressional holiday schedule, and the House of Representatives’ urgency to leave Washington to prepare for the November elections in their home districts, the Joint Session Address by Prime Minister did not take place in September 2014.  However, the USINPAC membership came away with an exceptional understanding that the journey – building a case for an enduring bilateral relationship, has been more important than the destination.  To this end, USINPAC wishes to extend its heartfelt thanks to each and every member of Congress – Senate and House – who have engaged with our membership in this bipartisan effort.

When PM Modi competed the first month of his election victory, he received strong support towards his vision of a Vibrant India by prominent overseas Indians who have received the prestigious Pravasi Bhartiya Samman Award. The Pravasi Bharatiya Samman Award (PBSA) is the highest honor conferred on overseas Indians. This initiative among the PBSA awardees from various countries was one of the most central aspects of USNPAC.

USINPAC also organized a Congressional Briefing on US Liquefied Natural Gas (LNG) Exports to India and a conference on US-India Counterterrorism Cooperation. It is the supporters like you who are assisting to bring the services closer to the people. Thank you once again as we continue to scale and reach out to more issues that are still a concern. Twenty fifteen holds a bright future for USINPAC as we are all set to get off to a roaring start with our first delegation of the year, Water and Waste Water Management.

USINPAC congratulates noted economist  Arvind Panagariya for taking charge of the newly-created NITI Aayog.

The NITI Aayog CEO Sindhushree Khuallar and other senior officials briefed the vice-chairman about the newly created body.

Panagariya is expected to call on Prime Minister Narendra Modi, who is the chairman of the Aayog, later in the day.

The government had announced the appointment of vice-chairman, 2 full time members, 4 ex-officio members (Union ministers) and 3 special invitees for the Aayog on January 5.
Economist Bibek Debroy and former DRDO chief V K Saraswat were appointed as full-time members by the Prime Minister. They are expected to join shortly.

NITI Aayog has replaced the 65-year old Planning Commission, a vestige of the socialist era.

Union ministers Rajnath Singh, Arun Jaitley, Suresh Prabhu and Radha Mohan Singh will be the ex-officio members while their colleagues Nitin Gadkari, Smriti Zubin Irani and Thawar Chand Gehlot would be special invitees.

The government had notified the Cabinet resolution (on January 7) regarding the constitution of the National Institution for Transforming India (NITI) Aayog which was approved by the Prime Minister on January 1. The government had also notified the names of the office bearers of the Aayog.

The 62-year-old Panagariya is an Indian-American economist and professor of Economics at Columbia University.

The earlier Planning Commission had a deputy chairperson at the helm, with Prime Minister as its chairperson.

Panagariya is known for his market-friendly views and is a close associate of well-known trade economist Jagdish Bhagwati.

Panagariya has earlier been the chief economist of the Asian Development Bank and a professor of economics and co-director, Centre for International Economics, University of Maryland at College Park.

Holding a PhD degree in Economics from Princeton University, Panagariya has also worked for the World Bank, International Monetary Fund, World Trade Organisation, and the United Nations Conference on Trade and Development (UNCTAD) in various capacities.

Source: The Times of India