Tuesday, September 01
Chief Economic Adviser V Anantha Nageswaran on Wednesday said the government is not losing sleep over the declining rupee, which has breached the 90-level against the US dollar.The rupee hit a historic low of 90.21 (provisional) against the US dollar on Wednesday, raising fears of inflation.The falling rupee is not affecting inflation or exports, he said on the sidelines of a CII event here.Falling rupee helps outward shipment but makes import costlier. Import-dependent sectors such as gems and jewellery, petroleum and electronics may see lower benefits due to a rise in input costs, putting pressure on inflationary expectations.However, he expressed hope that it would improve next year.In 2025, the rupee depreciated about 5 per cent against the US dollar.The rupee breached the 90-a-dollar
Indian applicants planning to travel to the United States for study, work, or tourism may encounter different wait times depending on the consulate they choose. According to the US State Department’s Global Visa Wait Times portal, the appointment backlogs for student (F, M, J), work (H, L, O, P, Q), and visitor (B1/B2) visas vary across major Indian cities, including New Delhi, Chennai, Mumbai, Hyderabad, and Kolkata, with several locations reporting shorter delays compared with previous months.Visa wait times drop in New Delhi and ChennaiNew Delhi now reports quicker access for students and exchange visitors, with the next available appointment for F, M and J visas at 0.5 months, down from two months earlier. Work-related categories including H, L, O, P and Q visas show a wait of 1 mont
President Donald Trump's administration warned on Tuesday that it will withhold money for administering SNAP food aid in most Democratic-controlled states starting next week unless those states provide information about people receiving the assistance. Agriculture Secretary Brooke Rollins said at a Cabinet meeting Tuesday that the action is looming because those states are refusing to provide data the department requested such as the names and immigration status of aid recipients. She said the cooperation is needed to root out fraud in the program. Democratic states have sued to block the requirement, saying they verify eligibility for SNAP beneficiaries and that they never share large swaths of sensitive program data with the federal government. States and the federal government split the
India's active subscriber base rose sharply by 5.7 million in October, strongest show in five months, with Jio leading the pack with gains at 3.9 million, according to various analyst reports that crunched TRAI recent data. In its report, Jefferies said strong subscriber momentum for calender 2025 (year till date) and rising data penetration bode well for average revenue per user or ARPUs. "During October, sector's active subscriber base rose by 5.7 million to 1,094 million - highest monthly addition in last 5 months. Active subscriber base grew by about 34 million during CYTD'25 - the highest in eight years," it said. Jio's active subscriber gains were at 3.9 million (to 476 million) in October, with Bharti Airtel at nearly 2.8 million (the nine-month high pushing the count to 392 million
