Air Canada strike: Government ends flight attendants’ walkout, services to resume but cancellations linger

Air Canada will restart flights on Sunday evening after the Canadian government intervened to end a strike by its 10,000 flight attendants that left more than 100,000 travellers stranded during the peak summer season.The airline, Canada’s largest, said it will take several days before operations return to normal and warned that some flights would remain…

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Critical minerals push: 5 policy pillars proposed for India’s rare earth self-reliance – report

India is stepping up efforts to secure its rare earth supply chain, a key element for clean energy expansion and electric mobility growth. A report by global consulting firm Primus Partners, ‘From Extraction to Innovation’, outlines a detailed plan to achieve self-reliance in rare earth magnets under the government’s Viksit Bharat vision, reported ANI.The report…

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Group of ministers on GST to meet next week

NEW DELHI: Amid discussions for reduction of GST for many products, a group of ministers from states, headed by Bihar deputy CM Samrat Chaudhary, will meet next week. Several members of GoM, especially those from the Opposition, had suggested maintaining status quo on slabs and rates, citing possible adverse impact on revenue, but govt has…

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UPI fraud clampdown: NPCI to end P2P collect requests from October 1; Banks, apps told to block pull transactions permanently

National Payments Corporation of India (NPCI) has directed banks and payment apps to stop all peer-to-peer (P2P) ‘collect requests’ on UPI from October 1, 2025, in an effort to curb financial fraud.In a circular dated July 29, NPCI said, “It is hereby informed that by October 1, 2025 UPI P2P collect shall not be allowed…

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US tariffs not to hit India’s growth: S&P

US tariffs not to hit India’s growth: S&P NEW DELHI: Trump tariffs will not have any impact on India’s growth, as it is not a trade-oriented economy, and its sovereign ratings outlook will continue to remain positive, S&P Global Ratings director YeeFarn Phua said.In May last year, S&P had upgraded the outlook on India’s sovereign…

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Banking reforms: RBI to clear cheques within hours from October 4, move to continuous settlement to cut delays

The Reserve Bank of India (RBI) will introduce a new system from October 4 to clear cheques within hours of being presented, sharply reducing the current window of up to two working days.The move will transition the existing Cheque Truncation System (CTS) from batch processing to a ‘continuous clearing and settlement on realisation’ model, aimed…

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Trump tariff threat: India ‘recalcitrant’ in trade talks, says US treasury chief; deal likely by October

US Treasury Secretary Scott Bessent US Treasury Secretary Scott Bessent on Tuesday said India has been headstrong in ongoing trade negotiations with Washington, describing New Delhi as “a bit recalcitrant.” His remarks came days after President Donald Trump announced an additional 25 per cent tariff on Indian imports, citing the country’s Russian oil purchases. Bessent…

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