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Indian diaspora group ‘Indiaspora’ in Washington to host Inaugural Ball in 2017 for 45th President of US

California’s Attorney General Kamala Harris holds a fair chance of becoming the first Indian-American to be elected as a US Senator

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Washington, Sept 17, 2016: An Indian Diaspora Group in America- ‘Indiaspora’ is going to organise an inaugural ball for the 45th President of the United States, which could be either Hillary Clinton or Donald Trump. The event is scheduled on January 18, next year in 2017 in Washington, DC.

The second presidential ball is being organised by Indian Diaspora, which would be attended by top Indian American personalities, US lawmakers and most probably the new president too.

This event would signify the emergence of the community, according to the event organisers. The event is to emphasise the importance and significance of the Indian-American community in the plight of Ameican politics.

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Indian American investor and philanthropist M R Rangaswami was found saying, ” This would be a bipartisan event to celebrate the success and significance of the Indian American community and to welcome in the new administration,” mentioned PTI.

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According to the PTI reports, last time, the inaugural presidential ball was held in January 2013. Next year in 2017, there will be other things apart from inaugural ball, which will showcase the ascendancy and prominence of Indian-origin in the US, like yoga, Bollywood, and the Indian Cuisine.

Rangaswami hopes that the general elections would also result in the greater representation of the Indian Americans in the US Congress.

California’s Attorney General Kamala Harris holds a fair chance of becoming the first Indian-American to be elected as a US Senator.

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Also, apart from necessary congressman Ami Bera, from California, some other Indian American politicians of being elected to the US House of Representatives, including Raja Krishnamurthy from Illinois, Pramila Jayapal from Washington State and Ro Khanna from California are the prominent ones among them.

“We hope that after January, Indian-Americans could comprise of one percent of the members in the Congress,” Rangaswami added.

This event is of great importance for the Indian Diaspora living in America and will also symbolise its importance in American Political System.

– prepared by Arya Sharan of NewsGram. Twitter: @NoOffense9

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  • Yokeshwari Manivel

    great! to see the indians development but this would also lead to decrease in indian economy than most of the indians will prefer to be in US as they are going to be recognised by law or political parties.

Next Story

Saudi Arabia’s Sovereign Fund Invested $1 Billion In An American Electric Car Manufacturer

Saudi Arabia's 33-year-old Crown Prince Mohammed bin Salman has talked about using the PIF to help diversify the economy of the kingdom.

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Derek Jenkins, VP of Design at Lucid Motors, introduces the alpha prototype of the Lucid Air at the 2017 New York International Auto Show in New York City. VOA

Saudi Arabia’s sovereign wealth fund invested $1 billion Monday in an American electric car manufacturer just weeks after Tesla CEO Elon Musk earlier claimed the kingdom would help his own firm go private.

Tesla stock dropped Monday on reaction to the news, the same day that the Saudi fund announced it had taken its first loan, an $11 billion borrowing from global banks as it tries to expand its investments.

The Saudi Public Investment Fund said it would invest the $1 billion in Newark, California-based Lucid Motors.

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Lucid Motors. Flickr

The investment “will provide the necessary funding to commercially launch Lucid’s first electric vehicle, the Lucid Air, in 2020,” the sovereign wealth fund said in a statement. “The company plans to use the funding to complete engineering development and testing of the Lucid Air, construct its factory in Arizona, enter production for the Lucid Air to begin the global rollout of the company’s retail strategy starting in North America.”

Lucid issued a statement quoting Peter Rawlinson, its chief technology officer, welcoming the investment.

“At Lucid, we will demonstrate the full potential of the electric-connected vehicle in order to push the industry forward,” he said.

The decision comes after Musk on Aug. 7 tweeted that he had “funding secured” to take Tesla private. Investors pushed Tesla’s shares up 11 percent in a day, boosting its valuation by $6 billion.

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Electric Car

There are multiple reports that the U.S. Securities and Exchange Commission is investigating the disclosure, including asking board members what they knew about Musk’s plans. Experts say regulators likely are investigating if Musk was truthful in the tweet about having the financing set for the deal. Musk later said the Saudi Public Investment Fund would be investing in the firm, something Saudi officials never comment on.

Meanwhile Monday, the sovereign wealth fund known by the acronym PIF said it had taken its first loan, an $11 billion borrowing. It did not say how it would use the money, only describing it as going toward “general corporate purposes.”

Also Read: Electric Cars: The Newest Trend in India

The Las Vegas-based Sovereign Wealth Fund Institute estimates the Saudi fund has holdings of $250 billion. Those include a $3.5 billion stake in the ride-sharing app Uber.

Saudi Arabia’s 33-year-old Crown Prince Mohammed bin Salman has talked about using the PIF to help diversify the economy of the kingdom, which relies almost entirely on money made from its oil sales. (VOA)