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India rejects US charge of surplus capacity in textiles, steel

NEW DELHI, June 10 (Reuters) – India does not have surplus manufacturing capacity in textiles and steel as alleged in the ‌U.S. Trade Representative’s Section 301 investigation, trade official Amitabh Kumar said on Wednesday. Washington has cited structural excess capacity in Indian industries from solar modules and petrochemicals to steel and textiles, as well as its 2025 goods trade surplus of $42 billion with the ​United States. Kumar, India’s additional trade secretary, said its textile and steel output should be assessed against ​the size of its population, domestic demand and growth needs, rather than in terms ⁠of absolute production. “Overcapacity

World’s first AI‑designed vaccine explained

Researchers at the University of Cambridge have developed what they describe as a fundamentally new type of vaccine using AI (artificial intelligence). The vaccine’s key component was designed entirely by AI and has now been tested in people for the first time. The goal is ambitious: a single vaccine that works not just against all known human coronavirus variants, but against related bat viruses that could jump from animals to humans and cause future pandemics. Traditional vaccines train our immune system to recognise one specific virus. The problem is that viruses mutate. When they change enough, the vaccine stops working,

Comparing Nehru and Modi illogical; BJP must say why joblessness, inflation still unresolved: Congress

Shimla, Jun 10 (PTI) All India Congress Committee spokesperson Kuldeep Singh Rathore on Wednesday ridiculed the BJP for comparing the tenures of Jawaharlal Nehru and Narendra Modi while celebrating the latter’s 12 years in office, and said drawing parallels between the two prime ministers was illogical. Addressing mediapersons here, Rathore said, “Instead of celebrating 12 years of Modi, the BJP should explain why his government failed to resolve the issues of farmers, inflation and unemployment”. He remarked that what is important is not how long a prime minister remained in office but what he did for the development and prosperity

Rupee rises 14 paise to close at 95.27 against US dollar

Mumbai, Jun 10 (PTI) The rupee appreciated 14 paise to close at 95.27 (provisional) against the US dollar on Wednesday, amid likely intervention from the Reserve Bank of India (RBI) to curb excessive volatility and prevent a further slide in the domestic unit. Forex traders said the rupee pared its initial losses and settled on a positive note as Brent crude oil prices and the US dollar index retreated from their elevated levels. Moreover, likely intervention from the Reserve Bank of India (RBI) also supported the domestic unit at lower levels. At the interbank foreign exchange market, the rupee opened

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