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President Barack Obama made history this week and nominated Indian-American Richard Rahul Verma as US Ambassador to India. If approved by the Congress, Verma will become the first Indian-American to serve as US Ambassador to India. The appointment of Mr. Verma, a former State Department official, comes ahead of an important visit by new Indian Prime Minister Narendra Modi on Sept. 29-30.

If Mr. Verma is confirmed by the US Congress, he will replace Ambassador Nancy Powell, who resigned earlier this year after a row over the treatment of India's Deputy Counsel General in New York, Devyani Khobragade.

Khobragade was accused by US authorities of visa fraud and underpaying a domestic worker. She was arrested last year and sent back to India. The U.S. Embassy in New Delhi is currently headed by a charge d' Affairs, Kathleen Stephens.

SILICON VALLEY, Calif— In 2014, 172,500 people applied for H1B visa. Out of those 51% were rejected through a lottery process. Another 1/4th of the applicants will be denied due to lack of documents or improper filings, according to USICS and National Foundation for American Policy. 
GURGAON, India---GoDaddy, the world's largest technology provider dedicated to small businesses, announced the completion of its second year of operations in India this week. The company has already exhibited phenomenal success in the market. Providing stellar customer care is at the core of GoDaddy's global strategy. 
CAMBRIDGE, MA -- The Future of Diplomacy Project at the Belfer Center for Science and International Affairs at Harvard Kennedy School has appointed Farah Pandith and Jairam Ramesh as fall 2014 Fisher Family Fellows.  Pandith will be in residence in September and will teach a series of study groups on shifting national security paradigms since 9/11 and the language and tools of extremism. 
BRAINTREE, MA--New England Office Supply (NEOS) has acquired Universal Gold, Inc., a premier supplier of janitorial, industrial, paper, rags, wipers, safety and packaging products located in East Providence, RI.
BOSTON—The Harvard Business School MBA Class of 2016 concluded their first day of classes on Monday by watching a live case discussion play out among five distinguished alumni, each recipients of the School's Alumni Achievement Award.
NEW YORK--The Indian American Community Foundation (IACF) is reporting an overwhelming demand for tickets to see India's Prime Minister Narendra Modi speak in New York on September 28th, 2014. Since the registration opened the website www.pmvisit.org has seen over 100 requests for tickets every hour. 
At VMworld, C7 Data Centers (C7) announced a new suite of cloud-based data management services to help its customers ensure application availability and instant data access. This new portfolio of services uses Actifio's copy data virtualization platform to increase the efficiency and security of C7's backup service offering and to improve disaster recovery capabilities including: 
Effective September 12, 2014, the Department of State will adjust processing fees for some services. The fees for most categories of immigrant visas will change, while fees for nonimmigrant visas largely remain the same. The fee for processing an application for Renunciation of U.S. Citizenship is increasing to reflect the true cost of providing this service.

The Department seeks to recover, as far as possible, the cost of providing consular services through the collection of consular fees. The Department regularly reviews these costs and adjusts fees as necessary to reflect the cost of service.

IndUS News Wire
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GAINESVILLE, Florida—The University of Florida (UF) College of Engineering's future innovation will add to its list of distinguished underwriters Subroto and Susmita Bagchi, who have announced a $1M gift to UF. Their gift will be used to support the Engineering Innovation Nexus Building, a new facility to be located at the heart of UF, directly across from a newly remodeled Reitz Union.

By Scott Petinga
I never set out to be a "survivor." My life's aspirations were pretty basic: become successful professionally, marry my soul mate, have two beautiful children and perhaps even retire early. Getting cancer certainly wasn't on the list. But there I was, lying on the operating table the day of my surgery, shivering - not knowing how much longer I actually had to live and hoping that, when I opened my eyes, I would awaken from the nightmare.

NEW YORK—The Global Citizen Festival announced that over a dozen world leaders including, Narendra Modi, Prime Minister of the Republic of India; Sheikh Hasina, Prime Minister of the People's Republic of Bangladesh; United Nations Secretary-General Ban Ki-moon; Jim Yong Kim, President of the World Bank Group; Erna Solberg, Prime Minister of Norway; Sushil Koirala, Prime Minister of Nepal...

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This roundtable was specifically designed to host the finals of the Rackspace Cloud – 1M/1M Startup Challenge.

In previous years we suggested purchasing Virginia Land Preservation Credits. A dollar of tax credit could be purchased for 75 or 80 cents, saving a significant amount of money on state taxes. In recent years, however, some of these credits were challenged. Some of the people who purchased them had to redo their tax returns. Now, 88 cents is one of the best prices available. You still have to pay short-term capital gains on what you save. As a result, we are not recommending them this year.

In December 2009, Tristina Elmes owed more money than she could pay in taxes and found herself in tax court. The IRS wanted to collect as much as they could as quickly as possible. During an IRS summons, Elmes chose to plead the Fifth Amendment because she didn't trust the IRS in its fishing expedition.

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