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Friday, May 1, 2026 1:34 AM

India Post

India Post to Resume All Postal Services to the U.S. from October 15

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The Department of Posts has announced that all categories of international postal services to the United States will resume from October 15, marking the end of a nearly two-month suspension. Postal operations to the U.S. were halted on August 22 due to new regulatory changes introduced by the U.S. Customs and Border Protection (CBP) under Executive Order 14324, which removed de minimis exemptions and required new duty collection procedures. Following extensive technical upgrades, trial runs, and coordination with CBP-approved Qualified Parties, India Post has now implemented a Delivery Duty Paid (DDP) system. This mechanism ensures that customs duties are collected upfront in India during booking, streamlining the process and allowing packages to reach recipients in the U.S. without any additional charges or delays at customs. As per CBP’s updated guidelines, all postal consignments from India to the U.S. will now be subject to a flat customs duty of 50% on the declared FOB (Free on Board) value. However, postal exports will remain exempt from base or product-specific tariffs typically applicable to courier or commercial shipments. This simplified structure aims to benefit MSMEs, artisans, small traders, and e-commerce exporters, making postal exports a more affordable and efficient option for cross-border trade. Notably, India Post will not charge any extra service fees for the DDP process or Qualified Party facilitation. Existing postal rates remain unchanged, preserving the cost advantage for exporters. Customers can now send EMS, Air Parcels, Registered Letters/Packets, and Tracked Packets to the U.S. through any Post Office, International Business Centre (IBC), Dak Ghar Niryat Kendra (DNK), or via the official website www.indiapost.gov.in. Source: DD News

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RBI Reports 98% of ₹2000 Notes Returned to Banks Following Withdrawal

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The Reserve Bank of India (RBI) has announced that over 98% of the ₹2000 denomination banknotes have been returned to the banking system, nearly two years after their phased withdrawal was initiated in May 2023. According to the latest RBI update released on May 2, 2025, the total value of ₹2000 notes in circulation has plummeted from ₹3.56 lakh crore on May 19, 2023—the date the withdrawal was declared—to just ₹6,181 crore as of May 31, 2025. This indicates that 98.26% of the high-value notes have been successfully absorbed back into the formal banking channel. Initially, banks across the country facilitated the exchange or deposit of ₹2000 notes until October 7, 2023. Post this deadline, the facility has continued through the RBI’s 19 Issue Offices, where individuals and entities can still deposit the notes into their bank accounts. Since October 9, 2023, these offices have been exclusively handling such transactions. Additionally, the RBI allowed people to send ₹2000 notes via India Post from any post office, enabling direct credit into their bank accounts through designated RBI offices—a move that added convenience for those in remote or rural areas. Importantly, while the notes have been withdrawn from circulation, the RBI has clarified that the ₹2000 denomination remains legal tender. The decision to withdraw the notes was part of the central bank’s broader currency management strategy aimed at optimizing the denomination structure and curbing hoarding of high-value currency. The RBI continues to monitor and report on the status of the withdrawal process, ensuring transparency and public awareness throughout the transition. Source: DD News  

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