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Trump to put additional 25% import taxes on India, bringing combined tariffs to 50%

WASHINGTON, August 7, 2025 (AP) — President Donald Trump signed an executive order Wednesday to place an additional 25% tariff on India for its purchases of Russian oil, bringing the combined tariffs imposed by the United States on its ally to 50%. The tariffs would go into effect 21 days after the signing of the order, meaning that both India and Russia might have time to negotiate with the administration on the import taxes. Trump’s moves could scramble the economic trajectory of India, which until recently was seen as an alternative to China by American companies looking to relocate their

What is chikungunya, the virus now spreading in southern China?

LONDON, August 6, 2025 (AP) — Chinese authorities have taken measures this week to try to curb the spread of chikungunya, a virus that often causes fever and joint pain. As of Wednesday, the government reported there had been more than 7,000 cases, mostly in the southern manufacturing hub of Foshan. Here’s what to know about chikungunya: What is chikungunya? Chikungunya is a disease caused by a virus of the same name. The chikungunya virus was first identified in people sickened during an outbreak in Tanzania in 1952. Its name is derived from a word in the Makonde language, which

RBI issues final co-lending framework effective January 2026

MUMBAI, Aug 6 (Reuters) – The RBI (Reserve Bank of India) published final rules for co-lending arrangements between banks and non-bank financial firms on Wednesday, expanding the scope of such partnerships beyond priority sector lending and introducing tighter norms. The framework, effective January 1, 2026, mandates that the lender retain at least 10% of individual loan exposures on its books and clearly disclose roles and responsibilities to borrowers. The move aims to provide regulatory clarity and strengthen risk-sharing mechanisms in joint lending portfolios, the Reserve Bank of India said. Partner lenders are also bound to reflect their share of loans

Residence certificate application made for ‘Donald Trump’ in Bihar

Samastipur (Bihar), Aug 6 (PTI) ‘Donald Trump’ is the resident of a village in Samastipur district of Bihar, a prankster wanted the authorities concerned to believe. However, the district administration was clearly not impressed and it has ordered lodging of an FIR so that the mischief monger, posing as the American president, could be tracked down and brought to book. In a statement, the administration said the application for the residence certificate was made online on July 29 and the revenue department official concerned “turned it down on August 4”. The application showed Trump, with his photograph appended, as a

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