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At the G20 Summit in Johannesburg, Prime Minister Narendra Modi met with WTO Director-General Ngozi Okonjo-Iweala amid rising concerns from the US and Canada regarding India's recent agricultural policies. The US has questioned how India's aim to double rice exports—where it already holds a 40% share of the global market—will not disrupt international trade. Canada echoed these concerns, urging India to clarify the justification for its minimum price support (MSP) and public stockholding (PSH) measures, which they argue could distort global markets. These issues will be discussed at the WTO Committee on Agriculture meeting in Geneva later this month. India defends its MSP as a means to support small farmers and ensure food security for vulnerable nations, asserting that its stockpiles are not intended for commercial export. The US highlighted record rice production and procurement figures, raising questions about the alignment of India's policies with WTO guidelines. 
Published: Nov 23 2025, 7 pm ISTeznews.inIndia's trade deficit reached a record $41.68 billion in October, driven significantly by soaring fertiliser imports alongside gold. Recent trade data reveals that fertiliser imports surged by 82% year-on-year, with a staggering 143.67% increase in just four months from July to October, amounting to $8.09 billion. Urea imports alone skyrocketed by 228.43% during this period, prompting the government to import 60 lakh tonnes in response to rising domestic demand amid a good monsoon. This rush to secure fertilisers has contributed to a spike in global prices, with imported urea costing $400-410 per tonne, up from $362 a year ago. The Fertiliser Ministry has ceased monthly updates on imports and production since July, exacerbating the shortage. While the opening stock of some nutrients has improved, it remains lower than last year, prompting the government to maintain a cap on subsidised fertiliser purchases to manage distribution effectively.
Published: Nov 23 2025, 6 pm ISTeznews.inRolls-Royce is advancing its strategy to localise defence propulsion systems in India by partnering with two defence public sector undertakings (PSUs) to manufacture engines for the Arjun Main Battle Tank and other military vehicles, pending Ministry of Defence (MoD) approvals. The company aims to shift from a source-and-sell model to a deep localisation approach, aligning with India's self-reliance agenda. Rolls-Royce plans to produce the MB838 engine for the Arjun tank and the Series 199 family of engines, which will offer various configurations for diverse military needs. The initiative includes a full technology transfer to enable local manufacturing, although concerns remain about the domestic ecosystem's capacity for specialised components. With a long-standing presence in India's defence sector, Rolls-Royce also operates a joint venture for civilian engine production, further solidifying its commitment to the Indian market.
Published: Nov 23 2025, 6 pm ISTeznews.inThe Indian government is set to introduce the Corporate Laws (Amendment) Bill, 2025 during the Winter Session of Parliament, beginning December 1, aiming to amend the Companies Act, 2013, and the LLP Act, 2008. This initiative, outlined in the Lok Sabha Bulletin, seeks to enhance the ease of doing business and address recommendations from the Company Law Committee's 2022 report, which proposed 26 changes to the Companies Act and one to the LLP Act. A key proposal includes the legal recognition of fractional shares, allowing investors to hold portions of shares, thereby making high-priced stocks more accessible to retail investors. Additionally, the Bill suggests enabling distressed companies to issue shares at a discount to the government or designated investors. The amendments also introduce Producer Limited Liability Partnerships (LLPs), aimed at supporting small agricultural operations with simpler compliance and management structures.
Published: Nov 23 2025, 5 pm ISTeznews.inMembers of the Sassoon Dock Fish Traders Association in Mumbai are set to embark on a hunger strike in December, protesting against ongoing eviction drives by the Mumbai Port Trust (MPT). The historic Sassoon Dock, established in 1875 and vital to the livelihoods of approximately one million people, has seen 70% of its storage godowns vacated in recent years, with plans for further evictions. The dock is essential for the local fishing industry, particularly for the Koli community, and serves as a hub for seafood trade. Traders claim that the MPT has sealed godown number 1773 without notice, disrupting their businesses and leading to cancelled orders. The association has urged the Maharashtra government to provide alternative land for evicted traders, citing unfulfilled promises from previous officials. They argue that the eviction process threatens not only their livelihoods but also the entire supply chain linked to the fishing industry.
Published: Nov 23 2025, 4 pm ISTeznews.inIndiGo is set to become the first airline to commence commercial operations at India's upcoming Navi Mumbai International Airport and Noida International Airport by 2026, as part of its ambitious expansion strategy. CEO Pieter Elbers highlighted the airline's extensive route network, which includes over 90 domestic and more than 45 international destinations, with new long-haul services to European cities like Amsterdam and London Heathrow. IndiGo aims to serve 50 international destinations by the end of FY26, supported by a strategic damp lease with Norse Atlantic Airways for long-haul operations. Despite challenges in the aviation sector, Elbers noted steady growth in India's domestic market, driven by economic factors and increased travel from smaller cities. Looking ahead, IndiGo plans to enhance its international capacity to 40% by FY30, while maintaining its "India-first" identity and strengthening global partnerships to facilitate trade and cultural exchange.
Published: Nov 23 2025, 4 pm ISTeznews.inFarmers in India currently burn 7.3 million tonnes of paddy straw, a practice that the Indian Biogas Association (IBA) argues could be transformed into a renewable resource worth approximately ₹270 crore annually through biogas plants. Utilizing advanced anaerobic digestion processes, this agricultural waste can be converted into Compressed Bio-Gas (CBG), which could replace imported natural gas and potentially save ₹1,600 crore in import substitutions. The IBA anticipates that this initiative could attract investments of ₹37,500 crore and establish 750 CBG projects by 2028-29, enhancing energy security. Additionally, paddy straw's cellulose content makes it suitable for bioethanol production, while its lignin can yield valuable products like polymers and activated carbon. The IBA emphasizes the environmental benefits of diverting straw from burning, which releases significant carbon emissions, and advocates for strategic plantation drives to combat urban pollution, as demonstrated by Delhi's successful planting of over 2.5 million saplings in 2023.
Published: Nov 23 2025, 3 pm ISTeznews.inCharanjot Singh Nanda, President of the Institute of Chartered Accountants of India (ICAI), emphasized the need for accounting professionals to align with international best practices while adapting them to the Indian context. Speaking at a finance conclave organized by the Federation of Indian Chambers of Commerce and Industry (FICCI), Nanda highlighted ICAI's evolution since its establishment in 1949, noting its growth into the world's largest accounting body with over 500,000 members and 1.1 million students. He asserted that finance professionals have transitioned from mere custodians of numbers to strategic navigators and enablers of societal resilience. Nanda's call for integration of global practices into local work processes aims to uphold the highest standards of excellence. Echoing this sentiment, Ananda Rao Potnuru and V V Rama Raju stressed the importance of adaptability, digital innovation, and strong governance in navigating the interconnected global economy.
Published: Nov 23 2025, 2 pm ISTeznews.inSpiceJet announced on Sunday that it has restored all online services, including web check-in, payment systems, and manage-booking features, following a technical glitch that disrupted its digital platforms earlier in the day. The airline confirmed that these "technical challenges" necessitated the activation of manual check-in and boarding procedures at airports to ensure smooth passenger handling. In a statement, SpiceJet reassured customers that the issue has been fully resolved and that all online functionalities are now operating normally. Meanwhile, on November 20, an IndiGo flight from Guwahati to Delhi faced a three-hour delay due to a technical issue with the aircraft before departure. IndiGo flight 6E 930 was grounded at Lokpriya Gopinath Bordoloi International Airport while engineers conducted necessary inspections, with all passengers being informed of the delay.
Published: Nov 23 2025, 2 pm ISTeznews.inThe European Centre for Medium-Range Weather Forecasts has indicated that a projected cyclone in the Bay of Bengal is expected to remain largely stationary over the south-west Bay near Sri Lanka by Friday. The India Meteorological Department (IMD) reported that a low-pressure area over the Strait of Malacca and South Andaman Sea is intensifying and may develop into a depression by Monday, with the potential to become a cyclone named _Senyar_ by Wednesday. The US Joint Typhoon Warning Centre (JTWC) corroborated this, noting that the system is likely to remain quasi-stationary for the next two days before intensifying. Meanwhile, the IMD has issued warnings for heavy rainfall across the Andaman and Nicobar Islands, Tamil Nadu, and parts of Kerala, with alerts for fishermen in affected regions. Thunderstorms and gusty winds are also expected in several coastal areas over the coming days.
Published: Nov 23 2025, 11 am IST
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