Portions of US govt shuts down, employees on furlough

IANS | October 1, 2025 2:21 PM

New Delhi, Oct 1 (IANS) Large portions of the US government officially shut down on Wednesday as US President Donald Trump and Congress could not reach an agreement on a spending bill, resulting in thousands of non-essential federal employees being placed on leave.

RBI eases forex norms to help exporters amid global uncertainties

IANS | October 1, 2025 1:33 PM

Mumbai, Oct 1 (IANS) The RBI on Wednesday decided to ease foreign exchange management norms to facilitate easier payments by exporters, which include an extension in the time period for repatriation of forex earnings, to counter growing uncertainties in global trade.