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US fiscal strain: Deficit jumps to $284 billion despite record tariffs; shutdown delays and debt costs deepen gap

File photo (Picture credit: AP) The United States began the 2026 fiscal year with a $284 billion federal deficit in October, a figure shaped by record tariff revenue but also distorted by a major shift in benefit payments and delays caused by a 43-day federal shutdown. The Treasury said the shutdown postponed some agency spending,…

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Financial troubles deepen! Air India lobbies government for airspace access in China’s Xinjiang as Pakistan airspace closure hikes costs: Report

Air India has approached the Indian government to request access to restricted military airspace in China’s Xinjiang region to shorten international flight paths, according to a Reuters report quoting an internal company document. The move comes as the airline struggles with higher operational costs following Pakistan’s closure of its airspace to Indian carriers.The appeal, submitted…

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Pisces Daily Horoscope Today, November 19, 2025: This one conversation could decide if you drift or deepen

The energy around you today is gentle, and it asks for patience. You may feel like you’re close to understanding something or reaching a goal, but the final step still feels far. That’s okay. Some answers need time to settle. Don’t force solutions. Don’t chase clarity. Let things unfold naturally. This is a good day…

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‘Will deepen bonds of friendship’: PM Modi leaves for Bhutan; embarks on two-day visit | India News

NEW DELHI: Prime Minister Narendra Modi on Tuesday embarked on a two-day visit to Bhutan’s Thimphu. He will join the 70th birthday celebrations of the fourth king, Jigme Singye Wangchuck.PM Modi will meet Bhutan King Jigme Khesar Namgyal Wangchuck, his father and predecessor, the fourth king, as well as Prime Minister Tshering Tobgay. PM Modi’s…

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India, US ink new defence framework for 10 years; aim to deepen cooperation in all domains | India News

India and the US inked on Friday an expansive new defence framework to strengthen their strategic partnership over the next 10 years. This comes amid indications that a trade deal is also in the works to douse the raging tariff tensions between the two countries. The ‘Framework for the US-India Major Defence Partnership’, inked during…

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Sebi directive: Regulator sets timeline for derivatives rejig on Bankex, BankNifty, and FinNifty; move to deepen sectoral representation

Markets regulator Sebi on Thursday issued fresh guidelines directing stock exchanges to realign eligibility norms and composition criteria for derivatives on non-benchmark indices such as Bankex, FinNifty, and BankNifty.According to the circular, exchanges will need to revise the composition and weights of these indices within specified timelines, PTI reported. The adjustment for Bankex and FinNifty…

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India and Canada plan PM Modi-Carney meet to deepen cooperation | India News

NEW DELHI: After the recent visit by Canadian foreign minister Anita Anand, which saw the announcement of a number of initiatives to upgrade the Canada-India relationship, both countries remain in touch about more high-level engagements in the next few months.These include a possible meeting between PM Narendra Modi and his counterpart Mark Carney next month…

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‘Spoke with my friend’: PM Modi calls Putin to wish him on birthday; vows to deepen ties | India News

NEW DELHI: Ahead of the India-Russia annual summit in early December, PM Modi and President Vladimir Putin spoke again and reaffirmed their commitment to further deepen the India-Russia Special and Privileged Strategic Partnership.After Putin called Modi last month to wish him on his 75th birthday, Modi made a return birthday call to the president, 73,…

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UAE-India trade boost: UIBC signs strategic MoUs, to deepen CEPA and state-level investments

The UAE-India Business Council (UIBC) has signed a series of strategic agreements to strengthen industry collaborations and expand trade and investment flows between India and the UAE.As part of three separate pacts, UIBC and the UAE-India CEPA Council (UICC) agreed to enhance institutional collaboration, ensuring greater coherence in advancing the objectives of the UAE-India Comprehensive…

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Trump’s H-1B visa fee hike to backfire? Wall Street banks set to rely more on Indian GCCs; may deepen presence in India

H-1B visas also see significant usage from financial and consulting organisations. (AI image) US President Donald Trump’s move to steeply hike the H-1B visa fees to $100,000 in a bid to create more jobs for Americans may actually end up backfiring! Major Wall Street banks are actually expected to increase their dependence on business support…

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