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USPS financial loss: Postal Service flags $9 bn deficit; agency pushes price hikes and policy fixes

The US Postal Service (USPS) has sought sweeping administrative and legislative changes after reporting a $9 billion annual loss, a marginal improvement from the $9.5 billion deficit posted last year, Reuters reported.New Postmaster General David Steiner said the agency continues to face a “significant systemic annual revenue and cost imbalance” and must accelerate efficiency measures,…

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Vicky Kaushal goes on over 2,000-calorie deficit to achieve his look for Sanjay Leela Bhansali’s ‘Love & War’ |

Vicky Kaushal underwent a drastic physical transformation, gaining 25 kgs for ‘Chhaava’ and then shedding it for Sanjay Leela Bhansali’s ‘Love & War’. A strict calorie deficit and dedicated nutritionist helped him achieve a lean frame for his role as an armed officer. His metabolism aided the process, with further transformations planned post-Bhansali’s film. Known…

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Fiscal status: Centre’s fiscal deficit reaches 36.5% of FY26 target; tax revenue touches nearly half of budget estimate

The Centre’s fiscal deficit reached 36.5 per cent of the full-year target at the end of the first half of FY26, data released by the Controller General of Accounts (CGA) on Friday showed.During the same period last year, the fiscal deficit had stood lower at 29 per cent of the Budget Estimates (BE) for 2024–25,…

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Merchandise trade deficit rises 30.37% to $32.15 billion: Exports up 6.75%, imports surge 16.7% in September

India’s merchandise exports in September 2025 rose 6.75 per cent to $36.38 billion from $34.08 billion a year earlier, while imports jumped 16.7 per cent to $68.53 billion, according to data released by the ministry of Commerce and Industry on Wednesday. The surge in imports, led by gold, silver, fertilisers, and electronics, pushed the merchandise…

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India-Qatar FTA: GTRI report flags $10.78 billion trade deficit; says energy ties bedrock, but diversification needed

As Commerce and Industry minister Piyush Goyal is set to begin his two-day visit to Doha from October 6, India and Qatar are expected to finalise the terms of reference (ToR) for a proposed free trade agreement (FTA) this week. According to the trade policy think-tank GTRI report, India–Qatar trade stood at $14.15 billion in…

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Fiscal snapshot: Centre’s deficit at 38% of target, Rs 12.82 lakh cr receipts; capital, revenue outlays rise

The Centre’s fiscal deficit stood at 38.1 per cent of the full-year Budget Estimates (BE) at the end of August, according to data released by the Controller General of Accounts (CGA) on Tuesday.In absolute terms, the fiscal gap between government expenditure and revenue was Rs 5,98,153 crore for the April-August period of 2025-26, PTI reported….

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Trade deficit narrows: India’s exports rose in August even as Trump’s 50% tariffs took effect; newer markets eyed

This exports and imports data report marks the first since the United States imposed a 25% tariff on Indian products on August 7. (AI image) With businesses front-loading shipments, India’s exports experienced a second consecutive monthly increase during August, following the implementation of US President Donald Trump’s tariffs.This exports and imports data report marks the…

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Trade data: Exports up 6.7% to $35.1 bn in August; imports down 10% as trade deficit narrows

India’s merchandise exports rose 6.7 per cent year-on-year to $35.1 billion in August, while imports fell 10.12 per cent to $61.59 billion, according to government data released on Monday.Exports were valued at $32.89 billion in the same month last year, while imports had stood at $68.53 billion, PTI reported.The country’s trade deficit narrowed to $26.49…

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