Trending Economy

Listen as Radio

Chennai battered as deep depression weakens, returns to coast

The European Centre for Medium-Range Weather Forecasts has predicted moderate to heavy rainfall for Tamil Nadu and Puducherry as the remnants of cyclone Ditwah move towards the region. The deep depression, located about 40 km east-southeast of Chennai, is expected to maintain its intensity throughout the day before weakening into a low-pressure area by Wednesday afternoon. The India Meteorological Department (IMD) reported heavy rainfall in Tamil Nadu, with Nungambakkam receiving 17.1 cm and Meenambakkam 8.5 cm. The remnant of Ditwah has also affected parts of Coastal Andhra Pradesh, Rayalaseema, Odisha, Jharkhand, and West Bengal. The IMD forecasts isolated extremely heavy rainfall for north Tamil Nadu and Puducherry, with thunderstorms and lightning expected over the next few days. The rainfall activity is anticipated to remain active across Tamil Nadu and surrounding areas until late next week. sources

Published:
Dec 02 2025, 11 am

Vizhinjam Port to begin cargo operations by January 2026

The launch of gateway cargo operations at Kerala's Vizhinjam International Container Transhipment Terminal has been postponed to January 2026 due to technical issues, delaying a significant milestone for the Indian shipping industry. Initially set to commence on November 1, the terminal's opening is expected to enhance direct liner connectivity to global ports, thereby reducing shipping costs and improving delivery times for South Indian industries. Stakeholders, including the Kerala Steamer Agents’ Association, anticipate that the terminal will boost the state's economy by creating jobs linked to port operations. Customs officials are considering proposals for the movement of containers from nearby ports to Vizhinjam, while concerns about infrastructure, including road conditions and staffing for 24/7 operations, have been raised. Adani Port officials acknowledged the need for improved facilities and indicated that trial runs for loaded trailers will be conducted after infrastructure completion. sources

Published:
Dec 02 2025, 11 am

India's sugar production rises 43% due to Maharashtra's success

India's sugar production surged by 43% to 4.11 million tonnes in the first two months of the 2025-26 marketing year, according to the Indian Sugar and Bio-Energy Manufacturers Association (ISMA). This increase, up from 2.88 million tonnes during the same period last year, is largely attributed to robust output from Maharashtra, which saw production rise dramatically to 1.69 million tonnes from 460,000 tonnes. Uttar Pradesh, the largest sugar-producing state, also reported an increase to 1.40 million tonnes, while Karnataka's output fell to 774,000 tonnes. ISMA noted that the number of operational factories increased to 428 from 376. The association has called for a rise in the minimum selling price of sugar, which has remained unchanged for over six years, citing rising production costs. Additionally, ISMA urged the government to adjust ethanol procurement prices to better reflect current costs, highlighting an imbalance in ethanol allocations. sources

Published:
Dec 02 2025, 12 pm

Kochi to Host 7th India Seaweed Expo and Summit

The ICAR-Central Marine Fisheries Research Institute is set to host the 7th India International Seaweed Expo and Summit 2026 (IISE&S 2026) on January 29-30, 2026, marking one of the largest gatherings in the seaweed industry. Organised in collaboration with the Indian Chamber of Commerce, CMFRI, and CSIR-Central Salt Marine Chemicals Research Institute, the event will attract participants from countries including Brazil, Sri Lanka, the Netherlands, and Sweden, fostering international partnerships and technology transfer. A key feature will be the ‘Seaweed 2030’ panel, aimed at establishing a national roadmap for India to become a leader in sustainable seaweed production. The summit will include technical sessions on various topics, including market development and biotechnology, with a focus on enhancing India’s seaweed value chain and supporting coastal livelihoods. With its extensive coastline and marine biodiversity, India is poised to emerge as a significant player in the global seaweed market, according to CMFRI Director Grinson George. sources

Published:
Dec 02 2025, 12 pm

Diversification, cooperation vital for $100 billion India trade goal

Russia is targeting a $100 billion bilateral trade goal with India by 2030, emphasizing the need for improved trade quality, product diversification, and enhanced industrial cooperation, according to Denis Manturov, Russia's First Deputy Prime Minister. In an exclusive interview, Manturov described this target as "truly ambitious," requiring coordinated efforts from both governments, businesses, and financial institutions. He highlighted successful collaborations, such as the joint production of Vande Bharat trains, and noted that negotiations for a Free Trade Agreement (FTA) have commenced. Despite Western sanctions, Manturov reported a seven-fold increase in trade turnover over the past five years, with significant industrial cooperation in sectors like engineering, mining, and pharmaceuticals. He stressed the importance of eliminating logistical and financial barriers to achieve the ambitious trade goal, while also expanding the trade basket to include in-demand products from both nations. sources

Published:
Dec 02 2025, 12 pm

Bhutan, Myanmar Arecanut Imports Impact Indian Farmers

Large-scale imports of arecanuts from least developed countries (LDCs) like Bhutan, Myanmar, and Sri Lanka are significantly harming India's domestic market, according to Captain Brijesh Chowta, a Member of Parliament from Dakshina Kannada. Speaking in the Lok Sabha, he highlighted that these countries benefit from zero customs duty under India's duty-free quota-free (DFQF) scheme, originally designed to aid LDC economies but now misused to flood the Indian market with low-cost, inferior quality arecanuts. This influx has destabilized prices and jeopardized the livelihoods of farmers in key producing regions, particularly in Karnataka, which alone produced around 10 lakh tonnes in 2023-24. Chowta has urged the Union Finance and Commerce Ministers to exclude arecanut from DFQF benefits and restore normal customs duties, emphasizing that while India supports LDCs, it should not come at the expense of its farmers' economic security. sources

Published:
Dec 02 2025, 10 am

Tea Board aims to promote Indian teas in the UK

The Tea Board of India is launching a promotional campaign to enhance the presence of Indian teas in the United Kingdom, which ranks as the fifth largest buyer of Indian teas by both value and volume. The initiative comes in light of a recent 27% increase in tea exports to the UK, reaching $56.37 million in 2024-25, alongside an 18% rise in volume to 12.71 million kg. The campaign, set to run for two months, will utilize digital and social media platforms to raise awareness about the diverse varieties of Indian teas, including renowned types like Darjeeling and Assam, as well as popular blends such as masala chai and earl grey. This effort is particularly significant following the India-UK Free Trade Agreement, which is expected to further boost tea shipments. The Tea Board is currently inviting bids from agencies to manage this comprehensive campaign. sources

Published:
Dec 02 2025, 8 am

Indians buying gold jewelry as investment, says IBJA official

Aksha Kamboj, Vice President of the India Bullion & Jewellers Association (IBJA) and Executive Chairperson of Aspect Global Ventures, highlighted the robust demand for gold in India, which is significantly influencing the global bullion market. She noted that consumers are increasingly blending jewellery purchases with investments in coins and bars, driven by seasonal events and improved liquidity, which has supported gold prices and narrowed discounts to international benchmarks. Kamboj expressed a "cautiously optimistic" outlook for gold and silver into 2026, citing their roles as hedges against geopolitical risks and inflation. She emphasized the importance of balancing short-term ETF movements with long-term physical investments. Additionally, Kamboj pointed out that central banks remain active buyers of gold, driven by diversification and inflation concerns. She also called for budget measures to enhance formal trade and access to gold monetisation schemes, reflecting a shift towards strategic asset building among buyers. sources

Published:
Dec 02 2025, 9 am

Ramesh Chand urges gradual reduction of farm emissions

Ramesh Chand, a member of NITI Aayog, emphasized the need for a gradual reduction in agricultural emissions to combat climate change during the 33rd annual conference of the Agricultural Economics Research Association (AERA). He highlighted the importance of empowering rural women by providing them access to markets for their agricultural produce, noting that women make up 34% of the workforce and their participation in agriculture has risen to 12%. Chand pointed out that women’s contributions and productivity surpass those of their male counterparts. Himanshu Pathak, Director General of the International Crops Research Institute for Semi-Arid Tropics (ICRISAT), echoed these sentiments, stressing the potential for innovation in agri-food systems to address challenges like climate change and women's roles in agriculture. He called for an enabling environment, partnerships, and increased investments, urging scientists to develop climate-resilient crop varieties. sources

Published:
Dec 01 2025, 9 pm

India's Airport Authority launches new air traffic messaging system

The Airports Authority of India (AAI) is set to implement a new Air Traffic Services Message Handling System (AMHS) by March 2026, aimed at enhancing the efficiency and reliability of aeronautical message transmission, including flight plans and weather reports. This initiative follows a significant glitch in the existing Automatic Message Switching System last month, which caused delays for nearly 400 flights over two days. In response, AAI has been mandated to conduct a thorough audit of its communication, navigation, and surveillance equipment. The new AMHS, developed by Austrian firm Frequentis, will connect over 80 airports across India and is based on International Civil Aviation Organisation (ICAO) standards. This modern system promises faster, more flexible communication, supports message attachments, and reduces reliance on voice coordination, aligning India with 28 other Asia-Pacific nations that have already adopted AMHS. sources

Published:
Dec 01 2025, 8 pm

For the fastest, latest, not so wokest news, 'experts say' you need to visit Eznews

End of news stories. Come back in an hour!