Business

India stops postal shipments to US (Representative AI image) India’s postal department has suspended all mail bookings to the United States, following new US governmental regulations that alter the protocol for incoming shipments.The official communication indicated that postal services, including letters, documents and gifts valued up to $100 destined for the US, will not be booked, as reported by Economic …

Donald Trump (File photo) US President Donald Trump marked Labor Day weekend by spotlighting what the White House described as “nearly $10 trillion” in new investments aimed at American workers, part of what officials are calling a “Golden Age of Prosperity.” “President Trump believes that American workers are the heart and soul of our economy, which is why he’s championed …

China’s industrial production showed a slight improvement in August but remained in contraction for the fifth consecutive month, as per official figures released on Sunday, while trade negotiations with the United States persist before a new November tariff implementation.The Purchasing Managers’ Index, a crucial industrial output indicator, reached 49.4, according to the National Bureau of Statistics (NBS), showing a marginal …

The mentha oil sector in Rampur is experiencing severe difficulties, with exporters warning of substantial financial losses due to the US’s 50 per cent import tariff on Indian goods. The situation is endangering the financial stability of numerous agricultural workers and labourers, according to PTI reports. Mentha oil serves as a crucial aromatic ingredient in various product manufacturing processes. US …

Tom GerkenTechnology reporter Konami EVA, one of the main characters in the remade game (image brightened from source) Metal Gear is one of the best-selling video game series in history, shifting more than 60 million copies. The series pioneered cinematics in gaming by blending cutting-edge cutscenes, voice acting and dynamic camera angles to create something that would have looked more …

Chief Economic Advisor (CEA) Anantha Nageswaran on Saturday said the government, along with various stakeholders, is working overtime to cushion India’s export sector from the impact of the 25% additional tariff imposed by the United States, which has raised the overall duty to 50%.Speaking virtually at an event organised by the Indian Chamber of Commerce, he said crises, whether minor …

Union agriculture minister Shivraj Singh Chouhan on Saturday said some countries had earlier pressured India to open its agricultural market, but the nation stands tall today and engages on the global stage with confidence. Without naming the United States, he drew a contrast between India’s past dependence on imported wheat and its current record harvests.“Some countries were pressuring us to …

Reserve Bank of India Governor Sanjay Malhotra on Saturday said India is poised to become the world’s third largest economy soon, crediting the Pradhan Mantri Jan Dhan Yojana for strengthening growth and financial inclusion.Speaking at Santripti Shivir, a financial inclusion campaign by government banks in Rangwasa village, Malhotra said the Union government and the RBI had launched the Jan Dhan …

Union commerce minister Piyush Goyal said Indian businesses are in a “cosy comfort zone” created by the vast 1.4 billion-strong domestic market and need to actively explore opportunities abroad.Speaking at an industry event in Mumbai, Goyal said companies should not get carried away by any “negative narrative”, emphasising that the economy grew 7.8% in June. He added that the performance …

Economic Affairs Secretary Anuradha Thakur on Saturday said the government remains on track to achieve its fiscal deficit target of 4.4 per cent of GDP for 2025-26, despite concerns triggered by the latest monthly numbers.The statement came as the Centre’s fiscal deficit touched 29.9 per cent of the full-year target by end-July, sharply higher than 17.2 per cent of the …