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

Facing a staggering $9 billion annual loss, the US Postal Service is pushing for significant administrative and legislative reforms. New Postmaster General David Steiner highlighted the need for new revenue streams and policy changes to address a deep-seated financial imbalance. These proposed changes aim to improve the agency’s business model amidst declining mail volumes and […]

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Bihar results: Manifesto mandate, Nitish factor & more — What’s next for NDA

The NDA secured a decisive victory in the 2025 Bihar Assembly elections, winning 202 seats. The alliance’s development-focused manifesto, promising employment and infrastructure upgrades, resonated with voters. Despite age concerns surrounding Nitish Kumar, his experience and consolidated support proved advantageous, setting the stage for future electoral strategies. Source link

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Masala Chai! Trump smells the coffee; eases import duties in relief for Indian tea and spices

US President Trump has lowered import duties on nearly 200 food and agricultural items, including Indian spices, tea, and cashews, following domestic pressure over rising costs. While this offers relief to some Indian exporters, significant tariffs on seafood, basmati rice, gems, jewelry, and apparel remain, pending a broader trade deal. Source link

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Nowgam blast: J&K govt announces Rs 10 lakh ex-gratia for victims; injured to get Rs 1 lakh

Tragedy struck Nowgam, Jammu and Kashmir, as an accidental explosion at a police station claimed nine lives and injured 32. The blast occurred during forensic sampling of explosives linked to a terror module. The government announced Rs 10 lakh ex-gratia for deceased families and Rs 1 lakh for the severely injured, urging against speculation. Source […]