eznews.in
India Post has announced a complete suspension of all mail operations to the United States, effective immediately, due to uncertainty surrounding new customs regulations imposed by the US government. This decision follows an executive order issued on July 30, 2025, which mandates customs duties on goods valued over $100, starting August 29. Initially, the postal service had only suspended shipments of gifts exceeding this value, but ongoing confusion regarding the rules has led to a broader halt, affecting letters, documents, and items valued under $100. The Department of Posts is monitoring the situation closely and is working to restore services as soon as possible. Customers with items already booked that cannot be dispatched are eligible for refunds. The suspension stems from US air carriers' inability to accept shipments due to a lack of clarity on operational guidelines from US Customs and Border Protection. 
Published: Sep 01 2025, 9 ameznews.inOver 500 small-scale detergent manufacturers in Gujarat have urged the Union government to reduce the Goods and Services Tax (GST) on their industry from 18% to 5%. Naresh Jain, chairman of the Gujarat Small Scale Detergent Manufacturers Association (GSSDMA), emphasized that including micro, small, and medium enterprises (MSMEs) with a turnover of up to ₹100 crore in the lower tax slab would enhance their competitiveness against multinational brands expanding into rural markets. The current high GST rates, coupled with an inverted tax structure, are straining working capital and competitiveness for these manufacturers. Additionally, elevated import duties on essential raw materials and complex compliance requirements further exacerbate their challenges. Jain called for special subsidies, working capital support, enhanced rebates under government schemes, and a streamlined compliance process to alleviate the burdens faced by MSMEs in the sector.
Published: Sep 01 2025, 5 pmeznews.inIn a landmark achievement for India's smallholder farmers, the Ule Farmers Producer Company (FPC) from Solapur, Maharashtra, has successfully exported its first full-scale banana shipment to Oman, weighing 20 metric tonnes. This milestone, facilitated by agritech platform Vegrow, represents a significant step for farmer collectives aiming to access international markets. The success is attributed to the state government's SMART program, which provided essential infrastructure support, including modern packhouses and cold storage, enabling Ule FPC to meet global export standards. Established in 2017 by marginal grape growers, Ule FPC has grown to include 1,127 farmer-shareholders and has earmarked 100 acres for banana cultivation, with plans to expand to 500 acres next year. Senior member Appa Ramchandra Dhanke highlighted the transformative impact of exports on farmers' livelihoods, while Dr. Hemant Vasekar from the Maharashtra government expressed optimism for future export opportunities.
Published: Sep 01 2025, 3 pmeznews.inIndia's gross domestic revenue reached approximately ₹1.37 lakh crore in August, marking a 9.6% increase from ₹1.25 lakh crore in the same month last year, according to the Finance Ministry. Goods and Services Tax (GST) collections also saw a rise, growing by 6.5% to exceed ₹1.86 lakh crore. However, net collections, which account for refunds, grew by 10.7% to around ₹1.67 lakh crore, despite a decline in import collections from ₹50,000 crore to over ₹49,300 crore. Notably, domestic refunds fell by over 21%, while refunds to exporters decreased by approximately 18%. The growth in GST collections is attributed to the consumption of goods and services in July. The data reflects ongoing trends in the Indian economy as it navigates post-pandemic recovery challenges.
Published: Sep 01 2025, 3 pmeznews.inAt the Shanghai Cooperation Organisation (SCO) summit in Tianjin, Prime Minister Narendra Modi delivered a resolute address emphasizing India's resilience amid global challenges, including US tariffs. Modi highlighted India's commitment to transforming obstacles into opportunities, framing the nation's approach around three pillars: security, connectivity, and opportunity. He urged fellow SCO members, including China and Russia, to join India in its developmental journey, while subtly critiquing China's Belt and Road Initiative for bypassing sovereignty. Modi asserted that genuine connectivity must respect territorial integrity, reinforcing India's initiatives like the Chabahar Port to enhance ties with Afghanistan and Central Asia. On the summit's sidelines, Modi and Chinese President Xi Jinping discussed strengthening bilateral relations based on mutual trust, while Modi also met with Russian President Vladimir Putin, underscoring the importance of cooperation in the face of external pressures.
Published: Sep 01 2025, 1 pmeznews.inEuropean buyers have increasingly turned to Indian basmati rice over Pakistani varieties this year, primarily due to a significant price difference, with Pakistani basmati costing $250 more per tonne, according to Graham Carter, Managing Director of Ebro India Pvt Ltd. Ebro, a subsidiary of Spanish multinational Ebro Foods SA, noted that this shift contrasts with two years ago when Indian basmati was the pricier option. The company, which markets basmati under the Tilda brand, has seen strong demand for Indian rice, particularly as buyers seek cost-effective options. Despite a slight increase in Pakistan's basmati exports, the market remains complex, with varying preferences among buyers. Ebro India sources its basmati from around 12,000 farmers and is also expanding its domestic market presence with new pasta products. However, recent US tariffs pose challenges for Indian basmati exports, limiting Ebro's market share in that region.
Published: Sep 01 2025, 1 pmeznews.inThe Automotive Tyre Manufacturers Association (ATMA) has urged the Indian government to reduce the Goods and Services Tax (GST) on automotive tyres from the current 28% to 5%, arguing that tyres are essential for various sectors, including transportation, agriculture, mining, and construction. ATMA Chairman Arun Mammen emphasized that tyres should not be classified alongside luxury goods, as they significantly impact operating costs for small traders and farmers. The association highlighted that a lower GST rate would alleviate financial burdens and enhance logistics efficiency, benefiting multiple industries. Additionally, ATMA raised concerns about the potential accumulation of unutilised Input Tax Credit (ITC) for tyre dealers following any rate changes, recommending a prompt announcement of revised rates and a one-time refund for unutilised ITC. This appeal comes ahead of the GST Council meeting scheduled for September 3-4, where proposed reforms will be discussed.
Published: Sep 01 2025, 1 pmeznews.inIndia's manufacturing sector experienced its most significant growth in over 17 years, with the Purchasing Managers' Index (PMI) rising to 59.3 in August, driven by strong domestic demand and production acceleration. The economy expanded by 7.8% in the April-June quarter, surpassing expectations. However, the Trump administration's recent imposition of a 50% tariff on U.S. imports of Indian goods, including garments and jewellery, poses a potential threat to future growth. While overall order growth remained robust, new export orders saw a slowdown, attributed to American buyers' hesitance amid tariff uncertainties. Despite these challenges, firms continued to hire, although at a reduced pace, and inflationary pressures increased with rising input and output prices. Business confidence improved, reflecting resilience in the face of external challenges, as manufacturers sought to rebuild inventory levels and adapt to changing market conditions.
Published: Sep 01 2025, 10 ameznews.inJefferies has projected a recovery in demand for the auto industry, primarily driven by anticipated Goods and Services Tax (GST) cuts, improved liquidity, and recent tax relief measures. The report indicates an upward revision in the outlook for two-wheeler (2W) and small passenger vehicle (PV) segments, with expected volume growth rates of 10% CAGR for 2Ws and 8% for PVs from FY25 to FY28. Despite subdued registrations in recent months, the report anticipates a rebound in demand, particularly for 2Ws and small Pvs, which are currently taxed at 28-31%. The potential GST reductions could lower prices by 6-8%, enhancing consumer affordability. While tractor sales have shown resilience with a 7% year-on-year growth, truck demand remains closely linked to freight activity rather than pricing. Overall, the auto sector is poised for a significant uplift as these fiscal measures take effect.
Published: Sep 01 2025, 8 ameznews.inDP World’s Cochin Free Trade Warehousing Zone (FTWZ) is rapidly establishing itself as a pivotal global hub for India’s spice trade, bolstered by significant infrastructure investments, digital logistics advancements, and supportive government initiatives. Ranjit Ray, Senior Vice President at DP World, highlighted the FTWZ's role in enhancing export efficiency for spice exporters, particularly through temperature-controlled warehousing for sensitive commodities like cardamom. Despite global challenges such as US tariff changes, the FTWZ offers a strategic buffer, ensuring supply chain agility. With over 67 value-added services, including quality inspections and pest control, the FTWZ enhances product integrity and compliance with international standards. The integration of digital platforms, such as the Unified Logistics Interface Platform, is transforming operations for micro, small, and medium enterprises (MSMEs), enabling them to compete globally. In FY 2024-25, India exported nearly 18 lakh tonnes of spices worth over $4.7 billion, with Kerala's premium produce driving this growth.
Published: Sep 01 2025, 9 am
For the fastest, latest, not so wokest news, 'experts say' you need to visit Eznews
India
World
Economy
Science
Health
Showbiz
Contact