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India to play central role in revitalizing the global economy

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India

SANTA CLARA, Ca. (Diya TV) — Nearly 250 guests around the globe joined together to listen to the latest entry in the Confederation of Indian Industry’s (CII) “India and the World” discussion series, aptly titled, “India and the Re-emerging Global Order: Thought Leadership on COVID-19 Geopolitical Implications. The panel featured notable speakers from business and political fields alike including TATA’s Chair for Strategic Affairs Dr. Ashley J. Tellis, Ambassador R. Nicholas Burns, and McLarty Associates President and Co Founder Nelson Cunningham; additional remarks were made by CII’s Director General Chandrajit Banerjee, and the discussion was moderated by CII’s past President Dr. Naushad Forbes. 

The event kicked off with Dr. Forbes casting a light on the lack of international collaboration in response to the global threat that the COVID-19 virus poses to the world. Forbes pushed further by highlighting that countries have a tendency to value domestic solutions and supply chains in order to secure national security despite the benefits that global trade relations, efforts, and organizations can provide. 

While Dr. Tellis found herself in agreement with Forbes’ statement in regards to a short term solution, she also put forth the belief that while countries may initially shirk away from the efficiency and comparative benefits of international interdependent supply chains, that the disadvantages of resiliency are vastly unsustainable in the post COVID world and would consequentially result in moving away from such practices. 

Cunningham posits that the pandemic has merely exacerbated changes in pre existing conditions, such as the strengthening of borders, rise of nationalism, and governments becoming increasingly insular. 

Ambassador Burns put forth his voice to insist upon that that the need for international collaboration is has reached an all time high, as its’ propogation is necessary for the development and distribution for a vaccine as well as the recovery of the global economy at large. 

The panelists ultimately came to the conclusion that trade within the upcoming years will continue to become increasingly difficult, albeit nations like India will hold advantages over their neighbors and global competitors that benefit from its long term recovery. 

India has become an enthusiastic focal point for companies seeking a reliable partner for global businesses, particularly those seeking to distance themselves from China’s response to the pandemic. Dr. Tellis echoed her earlier sentiment by stating that while globalism will face a short term decline, India will play a vital role in grappling with the rise of regional trade networks that will begin to develop. The panelists concurred that India’s position in the resurgence of a global trade economy has earned the country numerous allies in the United States, but that the investments will take time to nurture, thus necessitating that India must perpetuate engagements with the US in the government, corporate, and civil sectors in order to cement trade and strategic ties. 

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Impact commits $10M to supporting Indian American candidates

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Impact

WASHINGTON (Diya TV) — Indian American IMPACT, a political organization working to put Indian Americans in public office, announced a new $10 million commitment to support Indian American candidates nationwide. They also announced public interest lawyer Neil Makhija will be IMPACT’s new Executive Director. The number of Indian Americans in Congress has grown five-fold in just the past eight years.

U.S. Attorney General William Barr faced questioning by the House Judiciary Committee about the use of force against Black Lives Matter protesters in recent weeks and the Trump administration’s handling of the ongoing COVID-19 pandemic. We’ll show the clash between Congressmember Rep. Pramila Jayapal and Barr that’s making headlines.

The Securities and Exchange Commission (SEC) charged YouPlus, a Silicon Valley startup, and its CEO Shaukat Shamim with defrauding investors by making false and misleading statements about the company’s finances. The complaint states Shamim told investors YouPlus earned millions of dollars in annual revenue and had more than 100 customers, including Fortune 500 companies. But the scheme dissolved when Shamim is said to have told certain investors YouPlus had earned less than $500,000 and obtained only four paying customers since the company’s 2013 inception.

Ravi Kapur contributed to this report.

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Feds arrest entrepreneur Mukund Mohan for PPP fraud

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Mukund Mohan

SEATTLE (Diya TV) — U.S. attorneys arrested serial Indian American entrepreneur Mukund Mohan on charges of allegedly defrauding the Paycheck Protection Program with fake and altered documents and embezzling more than $5.5 million in COVID-19 relief funds through six shell companies. Mukund Mohan was a former Microsoft and Amazon executive and is currently the CTO of BuildDirect.

Shahid Buttar, who is running for Congress in San Francisco against House Speaker Nancy Pelosi, is being accused of sexual harassment by comedienne Elizabeth Croydon. Buttar said Croydon’s charges are false.

Apple manufacturer Foxconn has started building iPhone 11 units in a facility near Chennai in India. It’s the first time Apple has made one of its top-tier phones in India. India is the second-biggest smartphone market in the world, second only to China.

Ravi Kapur contributed to this report.

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India & China slowly move towards disengagement

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India

NEW DELHI (Diya TV) — India and China held virtual talks and agreed on a complete disengagement of troops along the line of control. But there remains sticking points in multiple areas along the border. India insists bilateral relations will not improve until “full peace and tranquility” are restored.

Police in Schenectady, New York are facing major scrutiny after footage was released of one of their officers applying a neck hold to 31 year old Yugeshwar Gaindarpersaud. He was treated and released, but he continues to face two charges of running away and resisting arrest. He’s accused of slashing his neighbors tire, causing $200 of damage. His attorneys are fighting to get prosecutors to drop the charges.

The UK Parliamentary Group, which visited Pakistan Administered Kashmir, and heavily criticized the Indian government for their recent constitutional change applying to Jammu, Kashmir and Ladakh, acknowledged they received nearly $18,000 from the Pakistan Government to make the trip.

Ravi Kapur contributed to this report.

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