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Karnataka has experienced a significant surge in pre-monsoon rainfall, receiving 286 mm from March 1 to May 31, 2025, which is 149% above the normal level of 115 mm. This has led to an early sowing of kharif crops, with 3.06 lakh hectares planted by the end of May, compared to 2.36 lakh hectares during the same period last year, according to the Karnataka Agriculture Department. The state aims for a foodgrain production target of 111.4 lakh tonnes for the 2025-26 kharif season, including 96.14 lakh tonnes of cereals and 15.26 lakh tonnes of pulses. Notably, maize sowing has surged by 160% to 0.714 lakh hectares, while jowar and pulses like blackgram and moong have also seen increased planting. Additionally, commercial crops such as sugarcane and tobacco have gained popularity among farmers, reflecting a robust agricultural response to the favorable weather conditions. 
Published: Jun 02 2025, 3 pmeznews.inIn May, India's services sector experienced robust job creation, with the Purchasing Managers' Index (PMI) remaining steady at 58.8, according to S&P Global. The services sector, which contributes approximately 54% to India's Gross Value Added (GVA), saw a significant uptick in employment, marking the highest job creation rate recorded in the survey's history. Chief India Economist at HSBC, Pranjul Bhandari, noted that strong international demand, particularly from Asia, Europe, and North America, was a key driver of this growth. However, the surge in recruitment has led to increased cost pressures, with inflation rates rising for both input and service charges. Despite these challenges, business sentiment improved, with companies optimistic about future growth due to enhanced staffing and marketing efforts. The report highlighted a marginal easing of capacity pressures, indicating a slower accumulation of outstanding business.
Published: Jun 04 2025, 11 ameznews.inThe Indian Energy Exchange (IEX) reported a significant increase in electricity traded volume, reaching 10,946 million units (MU) in May 2025, a 14% rise from the previous year. In May 2024, the traded volume stood at 9,568 MU. The exchange also saw a remarkable 65% year-on-year increase in Renewable Energy Certificates (RECs), with 17.43 lakh certificates traded. However, the market clearing prices in both the Day Ahead Market (DAM) and Real Time Market (RTM) experienced declines, with DAM prices at ₹4.12/unit (down 22%) and RTM prices at ₹3.43/unit (down 28%). The DAM recorded a volume of 3,510 MU, a 20% decrease from the previous year, while the RTM achieved its highest monthly volume ever at 4,770 MU, a 42% increase. Additionally, the IEX Green Market saw a rise in volume to 915 MU, up from 622 MU in May 2024.
Published: Jun 04 2025, 11 ameznews.inInternational airlines are ramping up services to India, the world's most populous nation, in response to sluggish transatlantic demand amid global economic uncertainties. At the International Air Transport Association's annual meeting in New Delhi, Delta Air Lines announced plans for non-stop flights from Atlanta to New Delhi and a code-sharing agreement with IndiGo, alongside partnerships with Air France-KLM and Virgin Atlantic. Air India and IndiGo are also expanding their international operations, with Air India ordering 570 new aircraft and IndiGo securing over 900 Airbus planes. Despite concerns about potential overcapacity and price wars in the competitive Indian market, industry leaders remain optimistic about growth opportunities, particularly given India's burgeoning middle class. However, regulatory challenges, such as restrictive bilateral agreements governing flight rights, could impede foreign airlines' expansion efforts, prompting calls for policy revisions to enhance India's global aviation standing.
Published: Jun 04 2025, 9 ameznews.inThe proliferation of conflict zones is increasingly straining airline operations and profitability, as carriers face challenges from missiles, drones, airspace closures, and location spoofing. Executives report rising costs and market share losses due to flight cancellations and costly reroutings, with safety and predictability becoming paramount concerns. The ongoing Israeli-Palestinian conflict and tensions between India and Pakistan have further complicated flight planning, forcing airlines to frequently reassess routes. The International Air Transport Association (IATA) emphasizes the need for better information sharing among governments to enhance aviation security, as incidents involving commercial aircraft being shot down remain a critical risk. Airlines are navigating a complex landscape of shifting airspace policies, with some Western carriers at a disadvantage compared to those from regions like China and the Middle East. Pilots express concerns over safety amid these evolving risks, highlighting the tension between commercial pressures and operational safety.
Published: Jun 04 2025, 9 ameznews.inThe International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) has announced the launch of the ICRISAT Centre for Excellence for South-South Cooperation (ISSCA) in collaboration with the Research and Information System for Developing Countries (RIS) and the Indian government initiative DAKSHIN. This new centre aims to enhance agricultural cooperation among Global South nations, particularly in Asia and Africa, by providing a platform for sharing non-patented technologies and addressing common agricultural challenges such as low yields and climate change impacts. ICRISAT's Director General, Himanshu Pathak, emphasized the shared agricultural objectives and challenges faced by these countries, while RIS Director General Sachin Chaturvedi highlighted the centre's role in democratizing agricultural knowledge. Established in 1972 and based in Hyderabad, ICRISAT has identified over 100 technological solutions to support sustainable agricultural practices in semi-arid regions.
Published: Jun 03 2025, 9 pmeznews.inAndhra Pradesh Chief Minister N. Chandrababu Naidu has set a deadline for the completion of Phase-1 works on several key port projects, including Machilipatnam, Ramayapatnam, Mulapeta, and Kakinada Gateway Port, by December 2025. During a review meeting in Amaravati, Naidu emphasized the importance of these ports and fishing harbours as vital economic assets for the state, urging officials to expedite their operationalization. Currently, construction progress stands at 43% for Machilipatnam Port, 64% for Ramayapatnam, 46% for Mulapeta, and 29% for Kakinada Gateway. Additionally, the government plans to initiate Phase-1 works for new airports in Kuppam, Dagadarthi, Amaravati, and Srikakulam, alongside expanding state roads to enhance connectivity with national highways through a Public-Private Partnership (PPP) model. Naidu also announced plans to establish a logistics corporation to further bolster the state's economic infrastructure.
Published: Jun 03 2025, 8 pmeznews.inConcerns are mounting over a potential decline in oilseed acreage during the current kharif season following the Indian government's recent reduction of the import duty on crude edible oils, which has sparked debate among experts and farmer leaders. Agriculture Minister Shivraj Singh Chouhan defended the decision, citing inflationary pressures, but critics argue it undermines domestic oilseed production. A report from the Commission for Agricultural Costs and Prices highlights that gross returns for crops like paddy and maize significantly outpace those for soybeans and other oilseeds, raising fears that farmers may shift away from oilseeds. The duty cut, effective from May 31, lowers the import tax on crude oils to 16.5%, while the refined oils remain at 35.75%. Farmers' groups are calling for a rollback of the duty reduction, arguing it contradicts recent increases in Minimum Support Prices intended to bolster domestic oilseed production.
Published: Jun 03 2025, 8 pmeznews.inAnglo Eastern, a Hong Kong-based shipping conglomerate, has launched its ‘Mission 30’ initiative aimed at increasing the proportion of management-level merchant navy officers under 30 years of age from a mere 1% to 30% by 2030. The programme, which is expected to enhance career prospects for millions of young Indians, aligns with India's growing status as a key provider of skilled maritime professionals, particularly as the nation’s economy is projected to become the third largest globally. With 65% of India's population under 35, ‘Mission 30’ supports Prime Minister Modi's vision of a developed India through youth empowerment. Vinay Singh, Group Managing Director of Marine HR at Anglo Eastern, emphasized that the initiative will facilitate faster career growth for young officers. The company also offers personalized career maps and guarantees placement for graduates of its Anglo Eastern Maritime Academy on cargo ships, reinforcing its commitment to developing the next generation of maritime talent.
Published: Jun 03 2025, 6 pmeznews.inIndia has initiated consultations with the United States at the World Trade Organization (WTO) regarding a 25% tariff increase on imports of passenger vehicles and light trucks, as well as certain auto parts, which India claims should have been reported to the WTO as safeguard measures. This move follows India's previous actions to reserve its rights to retaliate against US tariffs on steel and aluminium. In its WTO submission, India highlighted that the US's tariff measures, effective from May 2025, are designed to protect the domestic industry and constitute safeguard measures under international trade agreements. With Indian auto component exports to the US projected at $6.8 billion for FY24, India is seeking discussions on potential compensation for the impact of these tariffs. The situation is further complicated by the US's plans to double tariffs on steel and aluminium, which could significantly affect India's trade dynamics.
Published: Jun 03 2025, 7 pmeznews.inIn April 2025, India's Overseas Direct Investment (ODI) surged to over $3.4 billion, a remarkable increase of 256% from the previous year, driven primarily by the financial, insurance, and business services sectors, alongside manufacturing and retail. Despite this growth, the April figure was lower than the outflows recorded in the preceding months of February and March. For the fiscal year 2025, total ODI reached over $25.6 billion, marking an 80% rise. Experts attribute this trend to a robust domestic economy and the strategic expansion of Indian companies into international markets, particularly in renewable energy and insurance. Notably, Singapore, Mauritius, and the US emerged as key destinations for these investments. Analysts suggest that recent policy initiatives, including new Overseas Investment Rules and the establishment of GIFT City, have further facilitated this overseas expansion, encouraging Indian businesses to explore global opportunities.
Published: Jun 03 2025, 7 pm
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