Category: Economic News
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Why P&G Is Exiting Pakistan in 2025: Causes, Impacts, and What It Means for Global Business
In a dramatic move, Procter & Gamble (P&G) has decided to wind down its manufacturing and commercial operations in Pakistan, effectively exiting direct presence in one of its longtime markets. This exit marks a significant moment in Pakistan’s economic landscape, reflecting deeper structural issues as well as strategic shifts by multinational corporations. This article explores:…
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“Diwali Gift” from Government: 3% DA Hike for Central Employees 2025
In an eagerly awaited announcement ahead of Diwali, the Union Cabinet has approved a 3% increase in Dearness Allowance (DA) and Dearness Relief (DR) for central government employees and pensioners. This decision, effective retroactively from July 1, 2025, is being seen as a “festival gift” by many. Let’s explore the full picture: what this means…
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Accenture CEO Julie Sweet on H-1B Visa Fee: Why It’s “Really a Non-Issue”
The recent announcement of the new $100,000 H-1B visa fee has triggered waves of discussion across the global IT and outsourcing industry. While many companies expressed concern over cost pressures, Julie Sweet, CEO of Accenture, delivered a bold perspective: she called the visa fee “really a non-issue” for her company. Her statement, made during an…
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What Changes from October 1, 2025: GST, E-Invoicing, Bank Locker Rules, UPI and More
From October 1, 2025, several important regulatory, financial, and compliance changes are expected to take effect across India, having wide implications for businesses, consumers, and financial institutions alike. In this article, we break down each change, discuss who is impacted, and help you prepare. Overview: Why October 1 is a Landmark Date October 1 marks…
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Government Shutdown 2025: Impact on Student Loans, FAFSA, and the U.S. Education Department
When the United States experiences a government shutdown, the effects extend far beyond Washington, D.C. For students, parents, and educational institutions, one of the most pressing concerns is how the shutdown impacts federal financial aid, student loans, and the Department of Education. With the 2025 shutdown dominating headlines, it is crucial to understand what this…
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GST Removed from Life & Health Insurance: LIC Sees ₹1,100 Crore Surge on Day One — What It Means for Policyholders & Insurers
In a sweeping tax reform implemented from 22 September 2025, the Indian government removed Goods and Services Tax (GST) from individual life and health insurance policies, setting the tax rate to zero. This bold move is intended to make insurance more affordable for millions of policyholders. On the very first day of implementation, Life Insurance…
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Trump’s 100% Tariffs on Branded Drugs: Impact on Indian Generics and Pharma Sector Risks Explained
The global pharmaceutical industry is facing a major shake-up after U.S. President Donald Trump announced a 100% tariff on all imported branded and patented drugs. This bold move, effective from October 1, 2025, is intended to push multinational pharmaceutical giants to manufacture within the U.S. borders. While Indian generic medicines have been spared from this…
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Maruti Suzuki Celerio Price Cut: Hatchback Becomes Cheaper by ₹94,000 After GST Update
Maruti Suzuki has given its popular hatchback, the Celerio, a major price cut following the GST rate adjustment on small cars. The move makes the hatchback significantly more affordable, with reductions of up to ₹94,000 on certain variants. This update not only enhances the Celerio’s value-for-money proposition but also strengthens its position in India’s competitive…
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Apple Threatens to Stop iPhone Sales in 27 European Countries Over Digital Markets Act and Charger Regulations
Apple, the tech giant renowned for its iPhones, iPads, and MacBooks, has issued a stern warning to European regulators. The company claims that current European Union regulations, particularly the Digital Markets Act (DMA) and the common charger law, pose significant challenges to its operations and may force Apple to halt sales of certain iPhone models…
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GST Rate Cuts Explained: Are Shops Still Charging More? Here’s How to File a Complaint
In India, the Goods and Services Tax (GST) is a comprehensive indirect tax implemented in 2017 to streamline taxation and reduce the cascading effect of multiple taxes. From time to time, the government announces GST rate cuts on various goods and services to reduce the financial burden on consumers. However, it has been observed that…
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Major Update for Central Government Employees: 7th Pay Commission Dearness Allowance Hike Announced
Central government employees and pensioners across India have a reason to cheer as a major update regarding the 7th Pay Commission Dearness Allowance (DA) hike has been officially confirmed. This revision is set to provide a significant boost to the monthly salaries and pensions of lakhs of employees, especially with the festive season around the…