eznews.inAir India Express has cancelled approximately 50 flights to and from Srinagar International Airport due to heavy snowfall in Kashmir, officials reported on Tuesday. The adverse weather conditions have led to the cancellation of 25 inbound and 25 outbound flights, with further disruptions expected as snowfall continues. Four additional flights scheduled to arrive at the airport are also unlikely to operate. Passengers have been advised to stay in contact with their airlines for updates and alternative arrangements. The cancellations have left hundreds of tourists stranded, many of whom were set to return home after enjoying the weekend and Republic Day holiday in the region. The situation highlights the impact of severe weather on travel plans in the Valley. 
Published: Jan 27 2026, 10 ameznews.inCanada and India are set to enhance their energy trade ties, marking a significant step in their diplomatic relationship following recent tensions. During a meeting at India Energy Week in Goa, Canadian Energy Minister Tim Hodgson and Indian Petroleum Minister Hardeep Singh Puri announced plans for Canada to increase exports of crude oil, liquefied natural gas, and liquefied petroleum gas to India, while India will supply more refined petroleum products to Canada. This renewed collaboration aims to revive a previously dormant ministerial energy dialogue, which had stalled amid a dispute over the killing of a Canadian Sikh activist. Prime Minister Mark Carney's government is keen to diversify Canada's export markets, particularly in energy, as trade tensions with the US escalate. The two nations will also explore investments in hydrogen, biofuels, and critical minerals, highlighting the strategic value of their energy partnership. Carney is expected to visit India soon to further these discussions.
Published: Jan 27 2026, 10 ameznews.inA significant cold tongue from a western disturbance is currently affecting Afghanistan and Pakistan, with its influence extending into Peninsular India, as reported by the India Meteorological Department (IMD). This weather pattern coincides with severe Arctic blasts impacting 20 states in the US, disrupting daily life. The western disturbances, linked to the jet stream, are responsible for bringing moisture and cold air, resulting in rain, hail, and thunderstorms across North-West and Central India. The IMD has forecasted heavy rainfall in Himachal Pradesh, Jammu-Kashmir, and Uttarakhand, along with thunderstorms and gusty winds in several northern states. Cold wave conditions are expected in Haryana, Chandigarh, Delhi, and Punjab, while dense fog may blanket parts of North-West and East India. The interplay of moisture and cold air from these disturbances continues to shape the winter weather across the region.
Published: Jan 27 2026, 10 ameznews.inIndia's government has announced it will cease setting annual targets for clean energy tenders, following a significant shortfall in last year's goals and a backlog of projects lacking buyers. Currently, developers hold rights to approximately 43 gigawatts of renewable energy capacity without secured customers, as state utilities delay purchases, anticipating price drops and facing transmission infrastructure uncertainties. Santosh Kumar Sarangi, a senior official in the Ministry of New and Renewable Energy, indicated that less than half of the unsold capacity might be cancelled, and new tenders will be issued based on demand assessments from state utilities. Despite the slowdown, India aims to achieve its target of 500 gigawatts of non-fossil fuel power capacity by 2030, having added 38 gigawatts in 2025. The government is also considering restructuring renewable energy implementation agencies, potentially consolidating roles under the Solar Energy Corporation of India.
Published: Jan 27 2026, 9 ameznews.inHamdard Laboratories, a prominent Unani and pharmaceutical company in India, is investing in sustainable farming to cultivate its own herbs and medicinal plants. Chairman Abdul Majeed announced that the firm has established a modern extraction plant in Ghaziabad, producing 95% of its extracts in-house to ensure quality control, particularly of alkaloids. Currently, Hamdard is growing around 50 herbs across 200 acres in regions including Delhi and Haryana, with plans to expand into southern India, where it aims to source high-quality ginger and pepper. The company is transitioning to organic farming practices, utilizing natural fertilizers and avoiding pesticides, while also pursuing ISO certification. Despite challenges in exporting products due to regulatory hurdles, Hamdard continues to supply its offerings to over 25 countries, primarily to the diaspora. The firm aims to increase its revenue from ₹300 crore to ₹470 crore in the current fiscal year.
Published: Jan 27 2026, 9 ameznews.inCapital expenditure by the central government is projected to exceed ₹12 lakh crore in FY27, reflecting a year-on-year growth of approximately 10%, according to a State Bank of India (SBI) report. This marks a significant increase from ₹2.5 lakh crore in FY16 to an estimated ₹11.2 lakh crore in FY26, underscoring the government's commitment to infrastructure development and economic growth. Grants for capital asset creation have also risen, from ₹1.3 lakh crore in FY16 to ₹4.3 lakh crore in FY26. When combined with capital expenditure from Central Public Sector Enterprises, total effective capex reached ₹15.5 lakh crore in FY26. The report anticipates net central government borrowing for FY27 at around ₹11.7 lakh crore, while state-level borrowings are projected at ₹12.6 lakh crore. The upcoming Union Budget, set for presentation on February 1, 2026, arrives amid global economic uncertainties and fluctuating crude oil prices.
Published: Jan 27 2026, 9 ameznews.inIndia and the European Union are set to unveil a landmark trade agreement on Tuesday, marking the culmination of extensive negotiations that began in 2007 and were revitalized in 2022. Together, India and the EU account for nearly one-fifth of global trade and 25% of the world's population, underscoring the significance of their partnership. European Commission President Ursula von der Leyen emphasized the strategic collaboration, stating it demonstrates a commitment to a rules-based international order. The EU is India's second-largest trading partner, with bilateral trade in goods exceeding €120 billion in 2024, while trade in services reached over €66 billion. The EU's foreign direct investment in India also stands at €132 billion, solidifying its position as the leading investor in the country. The upcoming summit will focus on adopting a comprehensive strategic agenda and advancing free trade negotiations, aimed at enhancing economic ties and mutual resilience.
Published: Jan 27 2026, 8 ameznews.inStakeholders in India's bullion and jewellery sectors are urging the government to implement key policy measures in the upcoming Budget to enhance fairness, competitiveness, and sustainability. Prithviraj Kothari, President of the India Bullion and Jewellers’ Association, highlighted the need for equitable customs duty benefits under the Tariff Rate Quota framework, proposing an increase in the duty on gold dore bar imports to 1.65%. Additionally, he called for a reduction in the basic customs duty on gold from 6% to 4% and simplification of mining regulations to boost domestic production. Industry leaders, including Suvankar Sen of Senco Gold, emphasized the importance of regulated financing options and a review of the GST structure to stimulate consumer demand. They also advocated for rationalising import duties on diamonds and gemstones to enhance export competitiveness and support local manufacturing, while promoting ethical lab-grown diamonds as a potential growth area for India.
Published: Jan 27 2026, 9 ameznews.inAfter nearly two decades of negotiations, the India-EU Free Trade Agreement (FTA), heralded as the "mother of all trade deals," is poised for announcement at the India-EU Summit in New Delhi on Tuesday. Commerce Secretary Rajesh Agrawal confirmed that discussions have concluded, with a formal signing expected after legal reviews. EU leaders Ursula von der Leyen and Antonio Costa will join Prime Minister Narendra Modi for the summit. The FTA aims to enhance economic integration, benefiting Indian exporters of textiles, leather, and other labor-intensive goods, while EU exporters, particularly in the automotive and wine sectors, will gain improved market access. The agreement, which encompasses a population of 1.9 billion and over 20% of global GDP, is anticipated to take five to six months for legal scrubbing before its official signing, with hopes for implementation by early 2027. Additionally, a separate MoU will facilitate mobility for students and skilled workers.
Published: Jan 26 2026, 9 pmeznews.inAfter nearly two decades of negotiations, the India-EU Free Trade Agreement (FTA), heralded as the "mother of all trade deals," is poised for announcement at the India-EU Summit in New Delhi on Tuesday. Commerce Secretary Rajesh Agrawal confirmed that discussions have concluded, with the formal signing expected to follow legal reviews. EU leaders Ursula von der Leyen and Antonio Costa will join Prime Minister Narendra Modi for the summit. The FTA aims to enhance economic integration, benefiting Indian exporters of labour-intensive goods like textiles and leather, while providing EU exporters, particularly in protected sectors like automobiles, with improved market access. The agreement, which encompasses a population of 1.9 billion and over 20% of global GDP, is anticipated to be legally finalized within five to six months, with hopes for implementation by early 2027. Additionally, a separate MoU will facilitate mobility for students and skilled workers between India and the EU.
Published: Jan 26 2026, 9 pm
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