USPS Suspends Incoming Parcels from China and Hong Kong Amid Rising Trade Tensions In a move that could significantly disrupt global e-commerce, the United States Postal Service (USPS) has halted the acceptance of all incoming international parcels from China and Hong Kong until further notice. While the postal service has not provided a direct reason for the suspension, it coincides with a serie

Odisha Chief Minister Mohan Charan Majhi highlighted the state’s growing potential as a key investment hub during his remarks at a special plenary session with industry leaders on the eve of the ‘Utkarsh Odisha - Make in Odisha Conclave 2025’. Majhi emphasized the Odisha government's commitment to streamlining regulatory processes and fostering economic growth to position the state as a prime destination for both foreign and domestic investors. The Chief Minist

Telangana Chief Minister A. Revanth Reddy proudly announced that the state has secured approximately Rs 1.8 lakh crore in investments during his recent visit to the World Economic Forum (WEF) annual meeting in Davos, Switzerland. This marks a significant milestone for the state, with the Chief Minister emphasizing the importance of these investments in bolstering Telangana's economic growth. Taking a dig at the opposition Bharat Rashtra Samithi (BRS), Reddy refuted their claims

Amravati, the capital of Andhra Pradesh, is set to make cricketing history with the construction of the largest cricket stadium in India, which will surpass the current record-holder, the Narendra Modi Stadium in Ahmedabad. The Andhra Cricket Association (ACA) has announced that the new stadium will have a seating capacity of over 1.32 lakh spectators, making it the largest in the country. The ACA president, Kesineni Sivanth, revealed that the state government has been asked to allo

The Godrej Enterprises Group, known for its diverse presence across industries such as aerospace, defense, furniture, and IT software, revealed plans to invest more than Rs 1,200 crore over the next three to five years. This investment will focus on enhancing digital solutions and technology platforms, including AI and generative AI technologies. The group aims to improve customer experience, create a unified ecosystem, and foster deeper relationships with its 1.1 billion-strong consumer base

Saudi Crown Prince Announces $600 Billion Investment in the U.S. Crown Prince Mohammed bin Salman of Saudi Arabia has announced a staggering $600 billion investment plan in the United States over the next four years. This revelation was made during a phone call with President Donald Trump, as reported by the state-run Saudi Press Agency (SPA) early Thursday. The announcement signals a major step

Waaree Energies Solar Module Supply Contract Waaree Energies Ltd. announced receiving a letter of award for supplying solar PV modules with a total capacity of 180 megawatt peak. The modules will be provided to a renowned customer in the renewable energy sector, specifically for the development and operation of renewable power projects in India. The supply is expected to start in the financial year 2025–26. Acquisition of Enel Green Power India

Chandrababu Naidu, the Chief Minister of Andhra Pradesh, is gearing up for his highly anticipated trip to Switzerland to participate in the prestigious World Economic Forum (WEF) Summit in Davos. This business-focused event is seen as an excellent opportunity to attract significant investments to the state. In a strategic move ahead of his trip, Naidu has successfully poached a key investment body executive from the neighbori

For many young people, managing bills and budgets can leave very little room for savings, but even small investments in tax-free schemes can significantly contribute to building a secure financial future. These investments act as a foundation for a solid tax strategy, offering benefits under the old tax regime with annual investment limits. Section 80C Under Section 80C of the Income Tax Act, you can invest in options like the Public Provident

On Monday, Telangana Chief Minister A. Revanth Reddy inaugurated the Aramghar-Nehru Zoological Park flyover, the second-longest flyover in Hyderabad, which spans four kilometers and has been constructed at a cost of Rs 800 crore. This six-lane bi-directional flyover is expected to significantly alleviate the traffic congestion on the busy Hyderabad-Bangalore national highway, especially in the Aramghar and Nehru Zoological Park areas. The Chief Minister also named the flyover after former Pri

Thai Prime Minister Declares £324m in Assets, Including 217 Designer Handbags   Thailand's Prime Minister, Paetongtarn Shinawatra, has declared a staggering £324 million in assets, including a collection of 217 designer handbags and 75 luxury watches. The declaration was made to the National Anti-Corruption Commission (NACC), a requirement for public officials i

Will Budget 2025 Simplify Tax Compliance for Property Transactions with NRIs? As property transactions involving Non-Resident Indians (NRIs) continue to rise, homebuyers face significant challenges with tax compliance. Purchasing real estate from an NRI seller requires buyers to navigate complex rules, from tax withholding to administrative filings. Could Budget 2025 address these issues and make the p

On Friday, Prime Minister Narendra Modi will inaugurate a series of transformative development projects in New Delhi. The initiatives include the opening of 1,675 newly constructed flats for residents of Jhuggi Jhopri (JJ) clusters under the slum rehabilitation program, aimed at providing better living conditions with modern amenities. In addition, PM Modi will lay the foundation stone for a new Veer Savarkar College at Roshanpura, Najafgarh, which will offer state-of-the-art facilities for h

India has made substantial progress in its infrastructure development in 2024, with multiple major projects completed and new ones lined up for the coming years. The government’s commitment of Rs 11 lakh crore in capital expenditure this fiscal year, alongside strategic initiatives like the National Infrastructure Pipeline and PM GatiShakti National Master Plan, has fueled this growth. Key Infrastructure Projects in 2024:

China has officially approved the construction of what is set to be the world's largest hydropower dam, located on the Yarlung Zangbo River in Tibet. This ambitious project, which will span the lower reaches of the river, is expected to generate 300 billion kilowatt-hours of electricity annually, far surpassing the Three Gorges Dam's output of 88.2 billion kWh. The new dam is also seen as a significant step toward China’s goals of carbon peaking and carbon neutrality, alongside

The World Bank has approved a substantial USD 800 million loan for the Amaravati Integrated Urban Development Program, which will support the development of Andhra Pradesh's greenfield capital city, Amaravati. The loan, approved by the Board of Executive Directors of the World Bank, aims to establish Amaravati as a sustainable, climate-resilient urban center that will create economic opportunities and improve the lives of its residents. The project is set to focus on building the city as

India’s economy has consistently been a focal point for Non-Resident Indians (NRIs) seeking long-term investment opportunities. With its rapid economic growth, demographic dividend, and government reforms, India offers several promising sectors for NRIs to invest in. Himanshu Kohli, an expert in wealth management, highlights the top four sectors that provide significant potential for long-term returns. 1. Real Estate The Indian real estate m

India has achieved a major milestone by surpassing $1 trillion in Foreign Direct Investment (FDI) since the turn of the century. Latest data from the Department for Promotion of Industry and Internal Trade (DPIIT) reveals that from April 2000 to September 2024, India attracted a total of $1,033.40 billion in FDI. This surge underscores India’s growing appeal as a global investment hub. Significant contributions have come from countries like Mauritius (25%), Singapore (24%), an

In a major boost to Rajasthan's economic prospects, the Adani Group has pledged to invest Rs 7.5 lakh crore in the state over the next five years. This massive investment will fund key infrastructure projects, including the creation of four new cement plants and the establishment of a world-leading green energy ecosystem. Karan Adani, CEO of Adani Ports, shared these details at the 'Rising Rajasthan' Investor Summit 2024, where he highlighted the ambitious plans to build the world

The National Pension Scheme (NPS) Vatsalya, launched on September 18, 2023, has seen a positive response from Indian parents looking to invest in their children's future. As of November 17, 2023, the scheme has attracted 66,495 subscribers, with Maharashtra leading the pack with 9,219 accounts. Andhra Pradesh and Karnataka follow closely with over 6,500 subscribers each. In total, 18 states have seen over 1,000 accounts opened, demonstrating the scheme’s growing appeal. Th