Two US lawmakers have introduced legislation in the US House of Representatives to remove high-tech export barriers to India, promote unrestricted exports of sensitive technology to the country and increase bilateral technology cooperation. These influential lawmakers include ranking member of the Foreign Affairs Committee Gregory Meeks and House India Caucus Vice Chairman Andy Barr.
The “Technology Export to India Act” aims to facilitate the sale of high-performance computers and related equipment in India and strengthen bilateral technology cooperation. Meeks and Barr said that while President Biden is visiting India, we are pleased to introduce this legislation. The bill removes restrictions on the sale of US products such as digital computers and electronic devices to India without a Commerce Department license and increases critical supply chain flexibility.
US Trade Representative Katherine Tai announced on Friday that the US and India have agreed to settle the last outstanding World Trade Organization (WTO) dispute. These relate to the import of certain agricultural products.
Guests from China and Russia are seen together at North Korea’s 75th anniversary
North Korea invited representatives of both countries to the 75th Foundation Day event to showcase its relations with Russia and China amid increasing confrontation with America.
The presidential election begins in the Maldives under the influence of India or China
Voting for the presidential election in the Maldives began on Saturday. It is also seen as a virtual referendum on India’s or China’s influence in the Indian Ocean archipelago, as President Ibrahim Mohammad Saleh Jagan is pro-India while main rival Mohammad Muiz is a strong supporter of China. This is why this election is considered important for regional powers India and China.
Musk’s “ex” files suit against California’s attorney general
Elon Musk’s social media platform Is.
America seizes 1 million barrels of Iranian oil cargo
The US Department of Justice reported that it has seized a cargo of 1 million barrels of Iranian oil this year. This step by America has raised concerns for the Gulf countries. According to the department, this is the first criminal conviction involving a company that violated sanctions by facilitating the illegal sale and transportation of Iranian oil. Iran has described the capture of Iranian property in international waters as tantamount to piracy.
Crypto owner jailed for 11,196 years for fraud
Turkiye has sentenced the owner of a cryptocurrency in his country to 11,196 years, 10 months and 15 days in prison for defrauding more than four lakh investors of crores of dollars. The accused owner’s brothers and sisters have also been found guilty of this.
Convict Faruk Fatih Ozer (29) fled to Albania in 2021 with investors’ assets after the sudden collapse of the Thodex stock exchange. In June, he was extradited back to Turkey and found guilty of money laundering, fraud and organized crime. According to state media reports, Ozer, while giving his statement in the Istanbul court, said that if his intention was to deceive people, he would not have done such a rookie act. At the trial, his sister Serap and brother Guven were also found guilty of the same charges. According to media reports, the defendants were given separate sentences for multiple crimes against 2,027 victims.
