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Category: Economic News
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U.S. Government Shutdown 2025: Why It Happened, Who’s to Blame, and What It Means for Americans
When the U.S. federal government shutters its doors, the impact is not just political theatre in Washington — it has very real consequences for millions of citizens, workers, and the economy. The ongoing government shutdown of 2025 has thrown the world’s largest democracy into another round of uncertainty, sparking fierce debates, finger-pointing, and widespread frustration.…
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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 $100,000 H-1B Visa Fee: How It Could Transform Global IT Outsourcing and Boost India
In September 2025, former U.S. President Donald Trump introduced a dramatic increase in H-1B visa fees, imposing a one-time charge of $100,000 for new applicants. This is a significant jump from the previous fees, which ranged from $2,000 to $5,000, and marks a strategic shift in U.S. immigration policy aimed at prioritizing high-skilled, high-wage foreign…
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Mahindra Rolls Out Deep Discounts Post-GST 2.0: Buyers’ Guide & Market Impact
The launch of GST 2.0 in India triggered one of the most significant tax overhauls in recent memory, and automakers swiftly responded. Among them, Mahindra & Mahindra is aggressively passing on benefits to buyers—not just via price cuts aligned with reduced GST rates, but adding extra discounts and incentives to grab buyer attention and clear…
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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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8th Pay Commission Implementation May Stretch to 2028: What Government Employees and Pensioners Must Know
The announcement of the 8th Central Pay Commission (CPC) has created a wave of anticipation among government employees and pensioners across India. Set to revise salaries, pensions, and allowances, the commission aims to address the evolving needs of over one crore central government employees and millions of pensioners. However, recent developments indicate that implementation may…
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Trump’s $14B TikTok Deal: How the App Lives On — Under U.S. Control
TikTok fans in America can breathe a sigh of relief: the app isn’t going anywhere. In a dramatic pivot from earlier plans to ban the Chinese-owned platform, former President Donald Trump has signed an executive order approving a sweeping deal that would place TikTok’s U.S. operations under American majority control, while valuing the enterprise at…