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The Indian government has launched the Krishi Nivesh portal, a comprehensive platform aimed at enhancing agribusinesses, attracting investments, and improving farmers' incomes. Announced on May 29, 2024, the portal consolidates various agricultural investment schemes from seven central ministries, including Agriculture and Farmers Welfare, and aims to include additional ministries in the future. State governments are yet to join, but officials are urging them to identify and share relevant schemes for integration. The portal is designed to streamline the investment process, making it more transparent and efficient, allowing users to track applications and submit project proposals digitally. By centralising investment opportunities and information, the Krishi Nivesh portal is expected to modernise agriculture in India, boost private sector investments, and enhance productivity and sustainability in the sector. 
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May 31 2025, 6 pmeznews.inBasmati rice exporters have reported sustained earnings in the marketing year beginning October 2024, driven by increased export volumes despite a significant decline in contracted rates and the absence of a minimum export price (MEP). Trade data reveals that the average export price for basmati fell over 23% in May to $831 per tonne, down from $1,080 a year prior. The season commenced with a 20% price drop, and prices have continued to decline by 15% over the past eight months. Experts, including trade policy analyst S Chandrasekaran, emphasize the need for a reassessment of basmati export standards to enhance quality and authenticity. While last year's high demand due to the Russia-Ukraine conflict boosted prices, this year's robust buying has not translated into higher prices, attributed to a bumper kharif output. Official figures indicate a 16% rise in export volume to 3.99 million tonnes during the period.
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Jun 11 2025, 9 pmeznews.inTruJet, formerly Turbo Megha Airways, is set to resume operations as a scheduled air services operator in India after receiving approval from the Centre. The airline, which previously operated from 2015 until its suspension in February 2022 due to financial difficulties exacerbated by the Covid pandemic, plans to launch flights using Airbus A320 aircraft from its hub in Visakhapatnam, targeting routes to major cities like Delhi and Mumbai by November. Additionally, TruJet intends to introduce ATR turboprop aircraft to participate in the government's UDAN scheme for regional connectivity, with plans to base these aircraft in Lucknow. Managing Director Umesh Vankayalapati confirmed the airline's strategy to invest ₹200 crore and hire around 600 employees, citing strong financial backing from new investors. Despite challenges such as high taxation, Vankayalapati remains optimistic about the growth potential in India's aviation sector.
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Jun 11 2025, 8 pmeznews.inPwC has projected that India's electronics manufacturing sector could reach a conservative size of $282 billion by 2030, driven primarily by the mobile and wearables segment, which is expected to account for $160 billion. The company described India as “a melting point of a lot of investments,” highlighting its diverse industrial landscape. However, growth estimates could vary significantly, ranging from $282 billion to $418 billion, contingent on government infrastructure support. Sujay Shetty, Executive Director at PwC India, noted that even a conservative growth forecast represents a substantial increase, with major brands ramping up investments in the sector. Electronics manufacturing is poised to become a leading contributor to India's GDP, potentially rivaling the automotive sector. Additionally, the IT market is projected to reach $32 billion by 2030, with a tenfold increase in demand for data servers anticipated due to technological advancements.
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Jun 11 2025, 8 pmeznews.inTexmaco Rail & Engineering, India's largest wagon manufacturer, is set to demerge its Kalindee Rail business, now rebranded as Texmaco Rail Infra Systems and Solutions, in a bid to enhance profitability within two years. The Adventz Group, led by Saroj Poddar, has sought approval from the National Company Law Tribunal for this strategic move, following its acquisition of Kalindee Rail Nirman in 2013. Texmaco aims to double its consolidated revenue to approximately ₹10,000 crore over the next three years, while maintaining a focus on profitability, with an EBITDA margin target of 14-17%. The company plans to expand its export contribution from 8-10% to 30% and is exploring markets in South America, Africa, and the Middle East. Recently, Texmaco secured a contract with Mumbai Railway Vikas Corporation to enhance railway electrification, further solidifying its operational capabilities following the acquisition of Jindal Rail & Infrastructure.
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Jun 11 2025, 8 pmeznews.inIndian Railway Catering and Tourism Corporation (IRCTC) is set to enhance its non-railway tourism revenues, which currently account for nearly 30% of its total income, by merging its online travel agency platforms into a single portal. This initiative aims to streamline hotel and air bookings, as well as MICE (meetings, incentives, conferences, and exhibitions) activities, according to Chairman and Managing Director Sanjay Kumar Jain. The air packages segment has already seen a 28% year-on-year growth, with revenues rising to ₹87 crore in FY25 from ₹68 crore in FY24. While IRCTC recently launched the railway super-app SwaRail, it will focus solely on reserved ticketing and will not expand into other sectors. Additionally, IRCTC is pursuing a payment aggregator license from the Reserve Bank of India, which would allow it to facilitate various payment methods for e-commerce sites, with an approval expected in the coming months.
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Jun 11 2025, 7 pmeznews.inIn response to heightened cyber attack risks on critical infrastructure following Operation Sindoor, the Indian government is enhancing security measures for the power sector by implementing a 'Trusted Telecom Portal.' This initiative mandates that all IT and telecom equipment used in the power sector must be sourced from "trusted" suppliers, a designation determined through a rigorous vetting process involving over ten ministries. Notably, companies like Huawei and ZTE have been excluded from this list, while Ericsson, Nokia, and Samsung have been approved. The Ministry of Power has assured that ongoing Annual Maintenance Contracts (AMCs) and updates for existing equipment will remain unaffected. Power Secretary Pankaj Agarwal emphasized the urgency of securing the power infrastructure, urging states to adopt necessary cybersecurity protocols. Experts view this move as a significant step towards safeguarding the sector from cyber threats, with a target date for compliance set for January 1, 2026.
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Jun 11 2025, 7 pmeznews.inRetail inflation in India is expected to remain below 3 per cent for May 2025, marking the first occurrence of such a low rate since April 2019. Official data, set to be released on Thursday, follows a 3.16 per cent inflation rate in April, the lowest in 69 months. HDFC Bank anticipates an average inflation of 3.7 per cent for the year, influenced by monsoon conditions and food prices, which have seen significant reductions, particularly in vegetables. The Indian Meteorological Department forecasts a revival of monsoon rains, crucial for maintaining low inflation in key kharif crops. Meanwhile, the Reserve Bank of India (RBI) is considering its monetary policy stance, with Governor Sanjay Malhotra indicating a potential pause in interest rate cuts, currently at 5.5 per cent, after a previous reduction during the last period of low inflation from November 2018 to April 2019.
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Jun 11 2025, 7 pmeznews.inIndia's Cabinet Committee on Economic Affairs, led by Prime Minister Narendra Modi, has greenlit two significant railway projects worth over ₹6,400 crore, with a completion deadline of three years. The Koderma-Barkakana Doubling project, spanning 133 km, will enhance rail connectivity through Jharkhand's coal-producing regions, providing a more efficient link between Patna and Ranchi. Meanwhile, the Ballari-Chikjajur Doubling project, covering 185 km across Karnataka and Andhra Pradesh, aims to improve access to Mangaluru Port. Railway Minister Ashwini Vaishnaw highlighted that these initiatives will increase railway capacity, facilitating the transport of essential commodities and benefiting over 1,400 villages, impacting nearly 29 lakh people. The projects are expected to generate an additional freight traffic of approximately 49 million tonnes per annum, significantly reducing logistics costs and CO2 emissions, while also decreasing oil imports by 52 crore litres.
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Jun 11 2025, 7 pmeznews.inA team led by the Assistant US Trade Representative engaged in negotiations with Indian trade officials in New Delhi from June 4-10, focusing on expediting trade talks ahead of a July 9 deadline to avoid reciprocal tariffs. Sources indicated that discussions were productive but did not yield an interim deal, with both sides agreeing to continue negotiations for an initial tranche of a bilateral trade agreement (BTA) due by Fall 2025. The US had previously announced a 90-day pause on reciprocal tariffs, which included a 26% tariff on India, while India seeks to roll back this tariff and others imposed on steel, aluminum, and automobiles. However, India faces challenges in meeting US demands for tariff cuts and market access, particularly in sensitive sectors like agriculture. US Commerce Secretary Howard Lutnick emphasized the need for India to lower tariffs to address the significant trade deficit, which exceeds $40 billion annually.
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Jun 11 2025, 7 pmeznews.inThe VOC Port Authority's ₹7,056 crore outer harbour project in Thoothukudi has been cancelled for the second time due to a lack of bidders, prompting the removal of the tender from the available list. Initially re-tendered in December 2024 after the first attempt attracted only two disqualified applicants, the project aims to enhance the port's capacity to handle 4 million TEUs (twenty-foot equivalent units) annually through a two-stage development plan. The first stage, costing ₹4,494 crore, focuses on constructing container terminal 1 and necessary infrastructure, while the second stage, at ₹2,561 crore, will develop container terminal 2. The need for an outer harbour has become critical as container ships have grown significantly in size, with current port facilities unable to accommodate vessels exceeding 400 meters in length. A detailed project report emphasizes that mere upgrades to the inner harbour will not suffice to meet future demands.
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Jun 11 2025, 6 pm
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