eznews.inPresident Droupadi Murmu received the 16th Finance Commission's report for the fiscal period 2026-31 from Chairperson Arvind Panagariya in New Delhi on Monday. This report outlines recommendations for the distribution of tax revenues between the Centre and the States, which will be revealed during the Union Budget presentation in February 2026. Established under Article 280(1) of the Constitution, the Commission is tasked with advising on financial relations between the Centre and States, including tax distribution and grants-in-aid. The Commission's Terms of Reference include reviewing financing for disaster management and suggesting measures to enhance state resources, particularly for local governance. The previous Finance Commission, led by N K Singh, had recommended a 41% share of central taxes for states for the 2021-26 period, a decrease from the 42% recommended by the 14th Commission. 
Published: Nov 17 2025, 7 pmeznews.inIndia's draft Seeds Bill, released for public comment last week, has sparked concern among breeders at the Indian Council of Agricultural Research (ICAR) due to its provisions allowing foreign entities to conduct trials and certification. While Agriculture Ministry officials assert that ICAR's role will be enhanced and that the changes aim to expedite seed availability for farmers, critics argue it undermines public sector dominance. Key sections of the bill permit the recognition of foreign organizations for trials and seed certification, a move seen as necessary to align with international practices. However, the All India Kisan Sabha (AIKS) has condemned the bill as a political maneuver by the RSS-BJP to benefit monopolies at the expense of small farmers, warning it could lead to predatory pricing and conflict with existing agricultural laws and international commitments. The debate continues as stakeholders assess the implications for India's agricultural landscape.
Published: Nov 17 2025, 7 pmeznews.inSarla Aviation has signed a Memorandum of Understanding (MoU) with the Andhra Pradesh government to establish a pioneering Urban Air Mobility (UAM) giga facility in Thimmasamudram, Anantapur District. This state-of-the-art facility, covering 500 acres and backed by an initial investment of ₹1,300 crore, aims to manufacture electric Vertical Takeoff and Landing (eVTOL) aircraft. Once operational, it will be India's first fully integrated ecosystem for eVTOL production, capable of manufacturing up to 1,000 aircraft annually. The facility will feature advanced manufacturing lines, a dedicated two-kilometre runway, and modern research and development labs, positioning India as a leader in sustainable aerial mobility. Rakesh Gaonkar, Co-Founder and CTO of Sarla Aviation, emphasized the project's potential to create thousands of high-skill jobs and establish a comprehensive framework for aircraft design, testing, and operation within the country.
Published: Nov 17 2025, 7 pmeznews.inParas Defence and Space Technologies Ltd. has announced a significant ₹71.68-crore order from the Defence Research and Development Organisation (DRDO) for the supply of two Optronic Periscopes intended for submarine applications, with completion expected by September 2026. These advanced electro-optical systems enhance the surveillance, reconnaissance, and targeting capabilities of submarines, thereby bolstering the operational readiness of the Indian Navy. The contract highlights Paras Defence's expanding role in providing high-precision indigenous technologies for India's strategic defence platforms. Munjal Shah, Managing Director of Paras Defence, expressed pride in partnering with DRDO, emphasizing that the order reflects the company's technical expertise and supports the Government of India’s 'Make in India' initiative aimed at promoting self-reliance in defence manufacturing. With over four decades of experience, Paras Defence has been instrumental in developing technologies for various military applications, including rockets, missiles, and naval systems.
Published: Nov 17 2025, 7 pmeznews.inThe Indian government has set an ambitious target of 171.14 million tonnes (mt) of foodgrains for the current agricultural year, bolstered by early sowing and favorable weather conditions. As of November 14, the area under all agricultural crops has increased by 10.3% to 208.19 lakh hectares (lh), with significant gains in barley, which has seen a 50% rise. The target includes 119 mt of wheat, 15.86 mt of rice, and 16.57 mt of pulses, among others. The Agriculture Ministry reports that wheat acreage has risen by 17% to 66.23 lh, prompting the Indian Institute of Wheat and Barley Research to advise farmers on timely sowing and irrigation practices. Additionally, the area under pulses and oilseeds has also expanded, with chana (gram) acreage up by 10% and mustard coverage increasing by 6.1%.
Published: Nov 17 2025, 7 pmeznews.inThe Indian Income Tax Department is set to unveil redesigned Income Tax Return (ITR) forms and rules by January, ahead of the implementation of the simplified Income Tax Act, 2025, which will take effect on April 1, 2026. Central Board of Direct Taxes (CBDT) chief Ravi Agrawal emphasized the aim of making tax compliance easier for citizens by simplifying the forms, which are being developed in collaboration with the Directorate of Systems and the policy division. The new Act, passed by Parliament on August 12, replaces the outdated Income Tax Act of 1961, reducing the number of sections from 819 to 536 and chapters from 47 to 23. Additionally, the word count has been cut from 512,000 to 260,000, introducing 39 new tables and 40 new formulas to enhance clarity without altering tax rates. The initiative is part of a broader effort to modernize and streamline tax legislation in India.
Published: Nov 17 2025, 6 pmeznews.inThe Indian government has announced a 26% increase in rates for government advertisements in print media, a move expected to benefit both the government and the media sector. The Information and Broadcasting Ministry's revision raises the cost for black and white ads from ₹47.40 to ₹59.68 per square centimeter for one lakh copies. This adjustment follows recommendations from the 9th Rate Structure Committee, which considered various factors, including inflation and newsprint costs, and was informed by input from industry bodies like the Indian Newspaper Society. The Central Bureau of Communication, which manages government publicity campaigns, last updated these rates in 2019. The Ministry emphasized that higher ad rates will provide crucial revenue support to print media, helping sustain operations and quality journalism amid increasing competition from digital platforms. This strategy aims to enhance the effectiveness of government communications across diverse media channels.
Published: Nov 17 2025, 6 pmeznews.inIn a positive economic outlook, India's Central Board of Direct Taxes (CBDT) Chairman Ravi Agrawal announced on November 17, 2025, that the country is on track to meet its direct tax collection target of ₹25.2 lakh crore ($284.39 billion) for the financial year. As of November 10, net direct tax receipts have increased by 7% year-on-year, reaching ₹12.9 lakh crore, a sign of steady economic activity and improved compliance. This growth reflects the government's efforts to enhance tax buoyancy amid ongoing economic challenges. Meanwhile, the stock market showed mixed results, with the SENSEX rising by 388.17 points to close at 84,950.95, and the NIFTY gaining 103.40 points to reach 26,013.45. In contrast, crude oil prices fell by ₹14 to ₹5,328, while gold and silver prices also experienced declines.
Published: Nov 17 2025, 5 pmeznews.inThe non-profit organization Tech4Good Community has launched the Conservation Coalition to restore the Nilgiris Biosphere and Western Ghats in South India by addressing the issue of invasive species through technology. Co-founder Anusha Bhargava highlighted the urgent need for habitat restoration, noting that invasive plants introduced during British tea plantation expansion have overtaken native flora. The coalition collaborates with the Nature Conservation Foundation and Keystone Foundation to monitor native species and develop tools for real-time ecological data analysis. Utilizing drones and AI, the initiative aims to map and manage invasive species while supporting indigenous communities reliant on forest resources. The project, which evolved from a previous Climate Coalition effort, is backed by philanthropic support from organizations like the Rockefeller Foundation and Rohini Nilakeni Philanthropies. Tech4Good Community also plans to expand its innovative data-gathering platform, Idlistack, to other regions across India.
Published: Nov 17 2025, 5 pmeznews.inSelf-employment has become the primary driver of job growth in India, according to HDFC Bank's Employment Trends in India report. In FY24, self-employment surged to 358 million, up from 239 million in FY18, marking a compound annual growth rate (CAGR) of 7%. This growth significantly outpaced salaried jobs, which rose from 105 million to 119 million (CAGR of 4.1%), and casual labour, which stagnated at 122 million. Notably, women played a crucial role in this expansion, contributing 103 million of the 155 million new jobs created, with their labour force participation rate increasing to 31.7%. The report highlights that the non-farm sector now accounts for 54% of total employment, with significant job creation in services, construction, and manufacturing. Micro, small, and medium enterprises (MSMEs) have also become vital, representing 48% of employment in both manufacturing and services.
Published: Nov 17 2025, 5 pm
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