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WTO) Bali conference that prevents legal action against any developing nation that breaches the food subsidy limits specified in the agreement on agriculture. At an agriculture negotiation meeting at the WTO on Monday, the US said India’s expansion of support to its rice and wheat farmers has negative spillover effects. India has invoked the clause thrice. “India said that the strongest evidence supporting the necessity of public stockholding was in its own actions during the pandemic, when it mobilised its food stocks and provided food to 80 million people in 18 months’ span,” said a Geneva-based official. Public stockholding is a policy tool used by governments to purchase, stockpile and distribute food when needed. Developing countries’ food subsidies are protected by an interim peace clause which shields food procurement programmes against action from WTO members in case the subsidy ceilings—10% of value of food production in the case of India and other developing countries—are breached.

Mark Zuckerberg is doubling down on a different tack: He's giving it away. Zuckerberg, the CEO of Meta, said on Tuesday that he planned to provide the code behind the company's latest and most advanced AI technology to developers and software enthusiasts around the world free of charge. The decision, similar to one Meta made in February, could help the company reel in competitors like Google and Microsoft.

The Federal Reserve is gearing ready for another meeting next week, and it's highly likely that they will raise interest rates by 25 basis points. Lately, the inflation data has been quite positive, showing faster-than-expected declines.

Pikmin 4, the highly anticipated real-time strategy game, is scheduled to release on July 21 for the Nintendo Switch. This marks a significant milestone for fans as it is the first numbered entry in the series in over a decade. In a departure from previous games, players now have the option to create their own customized character, which is a new feature for a first-party Nintendo title. With the release of Pikmin 4 just around the corner, fans who have pre-ordered the game digitally through the Switch eShop may be eager to know the exact time they can start playing. This guide aims to provide the information they are seeking. The game will be available at a retail price of $59.99, which is consistent with the pricing of other major games on the Switch.

Tata has chosen to build an electric vehicle battery plant in southwest England, Bloomberg reported on Tuesday, a win that would bolster the country's automotive industry against stiff global competition. Tata has chosen a site in Somerset to supply a new range of electric Jaguar and Land Rover vehicles and is set to outline its decision as soon as this week, the Bloomberg report said, citing unnamed people familiar with the plans.

AI software. Established players like OpenAI, supported by Microsoft and already offering their models to business customers through Azure, could face disruption. The initial version of Llama was already on par with models powering OpenAI's ChatGPT and Google's Bard chatbot.

₹10.65 crore per hotel and ₹1.8 crore every year as annual licensing fees. Approximately 153,000 sq.ft. of development can be done on each parcel of 2.13 acres.

I am glad to note that India’s longest-serving chief statistician, T.C.A. Anant, found some useful insights in my recent Carnegie Endowment working paper, India’s Statistical System: Past, Present, Future (shorturl.at/FIJOU). But he objects to the narrative of a long decline in India’s official statistical system in his Mint column last week (shorturl.at/chrM6).

Across industries, it seems all anyone is talking about is artificial intelligence. Even companies that aren’t tech-forward are scrambling to discover how AI works and what it could do for them. Given the impact AI is predicted to make, it’s hardly surprising that blockchain protocols — part of an industry that is decidedly tech-forward — are exploring what role(s) AI could play for them.

The NITI Aayog, on Tuesday, released the Techno-Commercial Readiness and Market Maturity Matrix (TCRM Matrix) framework, an assessment tool that will allow stakeholders to jointly assess projects at the technology readiness level (TRL), commercialization readiness level (CRL), and market readiness level (MRL) scales. The framework is expected to help the government prioritize funding, setting regulations, mitigate risks and enhance public-private partnership.

global energy transition — the shift from fossil-based fuels such as oil and coal to renewable sources like wind and solar — is estimated to become a USD 23-trillion market by 2030, US Energy Secretary Jennifer Granholm said on Tuesday as American companies seek closer ties with Indian firms to tap this opportunity. Speaking at the ministerial meeting of the US-India Strategic Clean Energy Partnership (SCEP) here, she said the US will have to add 2,000 gigawatts of clean energy to its electric grid by 2035 to meet the goal of using 100 per cent electricity from clean sources.

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Clarios ARBL Holding has sold entire stake in battery maker Amara Raja Batteries through bulk deals on Tuesday. According to bulk deal data available with the exchanges, Clarios ARBL has offloaded about 2.39 crore shares or 14% stake in the company at a price of Rs 652.9. Further, Kotak Mutual Fund, Nippon India Mutual Fund, Sociere Generale, Tata AIA Life Insurance, Pinebridge Funds have picked up stake in the company, exchange data showed.

China Evergrande Group's (3333.HK) restructuring plan and operations. This comes as the company's long-overdue reports for the past two years reveal significant liabilities and a decrease in cash. Adding to the unease, Evergrande's auditor commented that it could not provide an opinion on the reports due to material uncertainties surrounding the company's ability to sustain its operations as a going concern.

U.S. attempts to foster closer military integration among allies are extending into space. The U.S.

Edited excerpts: What kind of private sector participation are you looking for from India? We want to accompany them with their investment in our countries of operation. We are willing to finance investment contracts with Indian companies in sectors like manufacturing, IT services, etc. We have quite a number of projects, so we need to explore.

The Big Four accounting firms are trimming their consulting ranks—sometimes months after a promotion—after forecasting slower growth as more businesses scale back on third-party help in certain areas. The firms—Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers—are facing the consequences of aggressive hiring over the past two years as the pandemic spurred higher demand for consulting in areas such as corporate strategy, coupled with lower attrition than they expected during the first half of the year. The recent rounds of layoffs have been heavily focused on the advisory sides of the firms.

U.S. federal prosecutors can’t auction off 800,000 barrels of seized Iranian oil sitting in a Greek tanker off the coast of Texas because U.S. companies are reluctant to unload it, according to people familiar with the matter.

Mint last week that India and the UAE have concluded a mutual recognition agreement of the AEO programme and that India is in discussions with the Russian Federation for a mutual recognition agreement or MRA. Signing MRAs is a key element of India’s efforts to step up ease of doing business in international trade. Revenue secretary Sanjay Malhotra told Mint on Saturday that simplification of taxation and facilitation of tax payers will remain a priority for the government.

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