eznews.inPoonam Gupta, Deputy Governor of the Reserve Bank of India (RBI), affirmed that the inflation forecasts utilized by the Monetary Policy Committee (MPC) are unbiased, despite inherent risks of errors in forecasting. This statement follows the RBI's downward revisions of its retail inflation projections for FY26, which dropped from an initial 4% in April to 2.6% by October. Speaking at a workshop on the revision of key economic indicators, Gupta highlighted the importance of the RBI's Flexible Inflation Targeting (FIT) framework, which aims to balance price stability with growth. She acknowledged the challenges of inflation forecasting in India, particularly due to the outdated weight of food in the Consumer Price Index and the volatility of food prices. Gupta emphasized the RBI's commitment to enhancing forecast accuracy through advanced models and timely data, ensuring that forecasts remain unbiased and reflective of the rapidly evolving Indian economy. 
Published: Nov 26 2025, 8 pmeznews.inOn November 14, the Reserve Bank of India (RBI) announced a moratorium on export loans for select exporters, covering term loan installments and working capital interest due between September 1 and December 31, 2025. The Commerce Department plans to discuss expanding this moratorium, currently limited to 20 sectors, to include more industries affected by US tariffs and global trade disruptions, such as textiles, toys, and sports goods. During the moratorium, interest will be calculated simply, with accrued amounts converted into a funded interest term loan repayable by September 30, 2026. The Federation of Indian Export Organisations (FIEO) has urged the RBI to allow any exporter demonstrating adverse impacts from trade disruptions to qualify for support, arguing that this would ensure equitable treatment across affected sectors. The US imposed significant tariffs on Indian exports in August, leading to a notable decline in trade.
Published: Nov 26 2025, 8 pmeznews.inIn a significant move to bolster domestic manufacturing and reduce reliance on China, the Union Cabinet approved a ₹7,280 crore incentive scheme aimed at promoting the production of sintered rare earth permanent magnets (REPMs) on Wednesday. Addressing a cabinet briefing in New Delhi, Union Minister for Information and Broadcasting Ashwini Vaishnaw highlighted that the initiative seeks to create a capacity of 6,000 tonnes per annum (TPA) and is expected to attract investments exceeding ₹20,000 crore. This scheme, which includes sales-linked incentives and capital subsidies, aims to position India as a competitive player in the global REPM market, crucial for sectors such as electric vehicles and aerospace. With approximately 6.9 million tonnes of rare earth element reserves, the government aims to bridge the gap in production capabilities, enhancing energy security and reducing carbon emissions, according to industry experts.
Published: Nov 26 2025, 8 pmeznews.inGujarat Pipavav Port Ltd (GPPL) has reported positive progress in discussions with the Gujarat Maritime Board (GMB) regarding a concession agreement, with no concerns raised thus far. The company clarified that its recently signed ₹17,000-crore Memorandum of Understanding (MoU) with GMB is not binding and contingent upon securing an extension of its operating concession, which is set to expire on September 29, 2028. GPPL's proposed investment aims to enhance infrastructure at the port over 30 years, focusing on various marine and landside assets, including new jetties and land development. Managing Director Girish Aggarwal emphasized that while plans are evolving, it is premature to discuss specifics of the expansion. Additionally, GPPL is advancing its ₹700-crore liquid berth expansion, expected to be commissioned by late 2026, with significant expenditure planned for early that year.
Published: Nov 26 2025, 6 pmeznews.inThe Indian government is reviewing its national framework for planning and constructing highway bypasses, driven by rapid urban expansion along national highways that has intensified pressure on existing routes. The Ministry of Road Transport and Highways (MoRTH) is reassessing criteria for bypass necessity, particularly in densely populated areas where widening existing corridors is impractical. The new policy aims to align bypass development with urban master plans, recognizing that such projects can spur urbanization and economic growth. MoRTH is also evaluating proposals for land acquisition from state governments, establishing buffer zones between highways and bypasses, and considering shared financial responsibilities for development. The review will incorporate feedback on traffic projections, safety, and economic impacts, while aligning with the Bharatmala Pariyojana programme. Currently, ring roads in major cities are serving as bypasses, with new expressways providing long-distance diversions.
Published: Nov 26 2025, 7 pmeznews.inThe Union Cabinet has approved the construction of Line 4 and Line 4A as part of Phase-2 of the Pune Metro Rail Project, with a total cost of ₹9,858 crore. Information and Broadcasting Minister Ashwini Vaishnaw announced that this expansion will enhance Pune's metro network beyond 100 km, connecting key IT hubs, commercial areas, and educational institutions across the city. The project, which includes 28 elevated stations spanning 31.636 km, is expected to be completed within five years, funded by the Government of India, the Government of Maharashtra, and international agencies. Additionally, the Cabinet Committee on Economic Affairs has greenlit two railway projects in Gujarat and Mumbai, with a combined outlay of ₹2,781 crore, aimed at improving connectivity and operational efficiency in the region. These initiatives are set to significantly enhance mobility and support economic development across Maharashtra and Gujarat.
Published: Nov 26 2025, 7 pmeznews.inIn September 2025, outward remittances by Indian retail investors for equity and debt investments reached $279 million, marking a six-month high and a significant increase from $135 million in the same month last year. According to data from the Reserve Bank of India's Liberalised Remittance Scheme, total remittances for such investments surged by 57% to $1.1 billion in the first half of the fiscal year, compared to $700 million in the previous year. This trend is attributed to market volatility and a depreciating rupee, prompting investors to seek opportunities in global markets, particularly in AI and technology stocks. Platforms like Borderless reported a 100% year-on-year increase in trading volumes, while Vested Finance highlighted the benefits of investing in global bonds to offset currency depreciation. Investors are increasingly diversifying their portfolios, with many expressing confidence in the long-term potential of international markets.
Published: Nov 26 2025, 7 pmeznews.inThe European Union (EU) is preparing to send a trade delegation to New Delhi in the second week of December, aiming to finalize the India-EU Free Trade Agreement (FTA) by the end of the year. Key issues, including the EU's carbon border tax and steel import quotas, are expected to be addressed during this visit. Both sides are eager to announce the FTA at the upcoming India-EU Summit, potentially scheduled for January 27, which will be attended by Prime Minister Narendra Modi and EU leaders. A joint statement from recent consultations emphasized the goal of concluding negotiations by year-end and accelerating discussions on related agreements. While progress has been made in market access, contentious regulatory mechanisms remain unresolved, with India seeking assurances that EU regulations will not undermine the FTA's benefits. In 2024-25, India’s bilateral trade with the EU reached $136.53 billion, underscoring the importance of this partnership.
Published: Nov 26 2025, 6 pmeznews.inThe South Central Railway (SCR) has announced an initiative to enhance parcel logistics by inviting interested parties to partner in providing logistics and fleet services. The SCR is developing an application-based parcel logistics service that will streamline the entire process, integrating first mile (pickup), mid mile (transportation by Railways), and last mile (delivery) services into a single digital platform. This innovative Rail Parcel App aims to simplify, expedite, and increase transparency in parcel movement for customers. Initially, the app will be piloted in the Hyderabad division, fostering collaboration among industry stakeholders, businesses, and logistics partners. SCR General Manager Sanjay Kumar Srivastava emphasized that this service could revolutionize parcel transportation by offering door-to-door delivery, creating a mutually beneficial scenario for logistics providers and the Railways. Interested agencies are encouraged to participate in this transformative project, which promises to enhance convenience and efficiency in parcel logistics.
Published: Nov 26 2025, 6 pmeznews.inResearchers at the Indian Institute of Technology Madras (IIT Madras) have successfully developed India’s first Indigenous Vessel Traffic Management System (VTMS), designed to enhance maritime safety and efficiency at ports. This software, which tracks vessel positions and issues meteorological hazard warnings, was created by the National Technology Centre for Ports, Waterways and Coasts (NTCPWC) in accordance with the Union Ministry of Ports, Shipping and Waterways' specifications. Funded by a ₹10 crore grant from the Shipping Ministry in 2020, the VTMS allows for full control over its source code and databases, fostering local expertise and reducing reliance on foreign technology. Already implemented at the Vizhinjam International Seaport in Kerala, inaugurated by Prime Minister Narendra Modi, discussions are underway to introduce the system at two additional ports on the Western Coast. This initiative marks a significant step towards indigenising technology in India's maritime sector.
Published: Nov 26 2025, 5 pm
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