BUSINESS

The EU and G7 initiated the ban on imports of Russian-origin diamonds through third countries in early March as part of sanctions against Moscow in response to its invasion of Ukraine. Jaishankar expressed the government's determination to delay, soften, or ideally prevent the ban altogether, considering it a critical issue. He reassured that efforts would be made to find a resolution in the upcoming days.

In a clarification posted on X on Sunday, the Ministry emphasized, "It has come to notice that misleading information related to the new tax regime is being spread on some social media platforms. It is therefore clarified that: There is no new change which is coming in from April 1, 2024."

He highlighted the growing interest among Indians residing abroad to return to their homeland, citing a recent encounter with an engineer from the FAANG group (Facebook, Apple, Amazon, Netflix, Google) who expressed intentions to relocate to rural India. Vembu underlined India's potential as a global hub for diverse supply chains across industries and emphasized the significance of investing in the nation at this juncture.

Acknowledged as the visionary behind India's Green Revolution, Dr. Swaminathan collaborated with American agronomist Norman Borlaug to develop pest-resistant strains of wheat, significantly enhancing agricultural yields. This breakthrough not only averted a potential famine but also revolutionized wheat and rice cultivation in the country, laying the foundation for agricultural prosperity.

It's clarified by the Ministry that these seven blocks were part of the 11 initially announced for auction, which were later annulled due to insufficient Technically Qualified Bidders (TQB). Furthermore, the e-auction process for 18 blocks in the second tranche is currently underway, with the final date for purchasing Tender Documents set for May 10, 2024, and the bid submission deadline on May 15.

In a recent statement, Vembu underscored the importance of conscientious voting in the upcoming elections, shedding light on the prevailing political landscape. He lamented the historical trend of political leaders enriching themselves while in power, contrasting it with the integrity demonstrated by Prime Minister Modi and his cabinet members over the past decade.

During the reported week, there was a modest increase of $140 million in the foreign exchange reserves. Notably, the surge in reserves owes much to the appreciation in the value of gold reserves, which saw a rise of $347 million.

This achievement underscores the portal's distinctive digital capabilities, fostering enhanced efficiency, transparency, and seamlessness in public procurement, the ministry highlighted.

Mahindra concurred with Musk's sentiment, emphasizing his own journey that commenced on the shop floor of an auto plant. He expressed admiration for the relentless dedication and problem-solving involved in high-volume production, stating that prototypes pale in comparison to the challenges faced in reaching profitability through mass production.

The judge found Bankman-Fried's communication with the former general counsel to be an attempt at witness tampering, leading to obstruction of justice charges. Additionally, the judge made three perjury findings based on trial testimony. Notably, Bankman-Fried provided false testimony regarding his knowledge of the missing $8 billion that resulted in losses for FTX customers.