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India and Canada have agreed to resume negotiations for a Free Trade Agreement (FTA) aimed at boosting bilateral trade to $50 billion by 2030, as announced by Union Minister Piyush Goyal during the 7th India-Canada Ministerial Dialogue on Trade and Investment in New Delhi. Goyal emphasized that the Comprehensive Economic Partnership Agreement (CEPA) would enhance investor confidence and reflect the trust between the two nations, which he described as natural allies. The discussions come after a period of strained relations following allegations by Canadian Prime Minister Justin Trudeau regarding a potential Indian link to the killing of Hardeep Singh Nijjar, which India dismissed as "absurd." Despite a dip in imports from Canada, India's exports rose by 9.8% in the last fiscal year. The renewed dialogue follows Prime Minister Narendra Modi's discussions with Canadian counterpart Mark Carney at the G7 summit in June. 
Published: Nov 24 2025, 1 pmeznews.inAgritech startup Fyllo has unveiled DeepMet 1, an AI-driven weather prediction model tailored for the Indian subcontinent, offering short-term rainfall forecasts with enhanced accuracy for farmers, urban planners, and industries reliant on precise weather data. Operating at a hyperlocal resolution of 10×10 km, DeepMet 1 aims to address the challenges posed by India's diverse climatic zones, including fluctuating crop yields and urban disruptions caused by unexpected rainfall. By analysing satellite data from the previous six hours, the model generates localized precipitation forecasts, distinguishing rainfall variations even between adjacent areas. Designed for real-time deployment, DeepMet 1 integrates seamlessly via API access, allowing instant adoption across various sectors, including agriculture and energy management. Co-founder Sumit Sheoran emphasized the need for dynamic forecasting tools that cater to local conditions, stating that DeepMet 1 provides essential weather intelligence for all stakeholders.
Published: Nov 24 2025, 1 pmeznews.inThe Solvent Extractors’ Association of India (SEA) has praised the government's ₹1-lakh-crore Research, Development and Innovation (RDI) scheme, viewing it as a pivotal move to enhance the Indian edible oil sector. SEA President Sanjeev Asthana highlighted that the scheme's provision of long-term, low-cost financing for high-impact research could foster advancements in oilseed varieties and climate-resilient farming, ultimately reducing import dependence. Additionally, he welcomed the ₹25,060-crore Export Promotion Mission, which aims to streamline export processes for MSMEs. Asthana also urged the Department of Agriculture to reinstate weekly crop data updates, crucial for market planning. Despite projections of increased oilseed production, he noted that import levels remain high, with the edible oil import bill rising to ₹1.61 lakh crore. Furthermore, a recent customs duty reduction on crude pomace olive oil was welcomed as a means to make this healthier option more accessible to consumers.
Published: Nov 24 2025, 1 pmeznews.inA complex weather system is developing around Sri Lanka and south Tamil Nadu, as the India Meteorological Department (IMD) warns of a potential depression forming over the south-east Bay of Bengal, which could intensify into a tropical cyclone by Wednesday. Concurrently, an upper air cyclonic circulation near Comorin is expected to deepen into a low-pressure area, creating a competitive scenario between the two systems. The IMD predicts that the Comorin low will be absorbed by the advancing cyclone, which will be named Senyar, before it moves towards Myanmar, potentially triggering fresh weather activity in the south-east Arabian Sea. Heavy rainfall is forecasted across several regions, including the Andaman and Nicobar Islands, Kerala, and Tamil Nadu, with thunderstorms and gusty winds expected in various coastal areas. Rainfall has already been recorded in multiple locations, with Minicoy in Lakshadweep receiving the highest at 11 cm.
Published: Nov 24 2025, 11 ameznews.inThe Indian Navy has officially commissioned INS Mahe, the inaugural vessel of the Mahe-class anti-submarine warfare shallow water craft, at a ceremony held on November 23, 2025, in Mumbai. Army Chief General Upendra Dwivedi presided over the event, highlighting the significance of this new generation of indigenous naval combatants, which are designed to enhance India's maritime capabilities. Constructed by Cochin Shipyard Limited, INS Mahe exemplifies the Aatmanirbhar Bharat initiative, showcasing India's advancements in naval design and construction. The vessel is compact yet powerful, boasting agility, precision, and endurance—essential traits for effective operations in shallow waters. With its advanced firepower, stealth features, and mobility, INS Mahe is poised to play a crucial role in submarine hunting, coastal patrols, and safeguarding India's strategic maritime interests.
Published: Nov 24 2025, 10 ameznews.inThe International Monetary Fund (IMF) has raised India's growth forecast for the fiscal year 2025-26 to 6.6%, an increase of 20 basis points, while S&P Global has maintained its projection at 6.5%. The global rating agency anticipates a growth of 6.7% for fiscal 2026-27, contingent on India securing a trade deal with the US, which could alleviate uncertainties affecting export-oriented manufacturing. However, S&P Global has lowered its FY 2026-27 forecast to 6.2% due to the impact of increased US tariffs. The World Bank also adjusted its FY 2026 forecast to 6.5% but cut its FY 2027 estimate to 6.3%. Despite a nearly 4.3% depreciation of the Indian rupee this year, strong domestic consumption is expected to drive growth, supported by lower GST rates and tax cuts. Inflation forecasts have been adjusted, with a current projection of 2.5% but an expected rise to 5% next fiscal year.
Published: Nov 24 2025, 9 ameznews.inKolkata's Luxmi Group has unveiled India's first 7 Chakra Tea Gift Box, featuring a selection of seven herbal blends inspired by the chakra system, aimed at promoting wellness through tea. The collection includes blends such as Turmeric Timeout for the Root Chakra and Valerian Dream for the Crown Chakra, each crafted from organic, additive-free herbs sourced from the company's estates. Managing Director Rudra Chatterjee emphasized that these functional teas cater to both wellness enthusiasts and those new to herbal remedies, offering a path to balance and vitality. Positioned as a unique gifting option, the launch aligns with the rising popularity of functional teas in India, fueled by an increasing interest in Ayurveda and holistic living. The gift box is now available through Luxmi's distribution network and online platforms, marking a significant addition to the wellness beverage market.
Published: Nov 24 2025, 9 ameznews.inIndia's coal production and dispatch experienced a decline for the second consecutive month in October 2025, primarily due to reduced demand from the power sector, which also saw a drop in electricity consumption. The Coal Ministry reported an 8.5% year-on-year decrease in production, totaling 77.43 million tonnes, while dispatch fell nearly 5% to 80.44 million tonnes. Energy consumption hit 132 billion units, down 6% from the previous year, with coal power generation also lower at 93.61 billion units. The Indian Energy Exchange noted a significant drop in market prices, with the Day Ahead Market price falling 32% to ₹2.67 per unit. This decline in coal demand has led to reduced railway rake requirements, impacting logistics. Despite these challenges, domestic coal production is projected to grow by 6-7% annually, aiming for 1.5 billion tonnes by FY30, as the country seeks to bolster indigenous supply and reduce imports.
Published: Nov 24 2025, 9 ameznews.inThe recently signed India-UK Free Trade Agreement (FTA) has sparked heightened business interest, with UK Minister for the Indo-Pacific, Seema Malhotra, reporting a surge in inquiries from companies exploring new opportunities. In an exclusive interview, Malhotra noted that the FTA, which aims to reduce trade barriers by 99% for the UK and 90% for India, signifies a long-term partnership between the two nations. The UK government, under Prime Minister Keir Starmer, views the deal as a pivotal reset of international economic ties. During her recent visit to Bengaluru and Chennai, Malhotra highlighted South India's alignment with UK interests in sectors like advanced manufacturing and renewable energy. The FTA is projected to boost the UK economy by £4.8 billion annually and increase bilateral trade by £25.5 billion, benefiting iconic UK products such as cosmetics and whiskies.
Published: Nov 24 2025, 6 ameznews.inAt the G20 Summit in Johannesburg, Prime Minister Narendra Modi met with WTO Director-General Ngozi Okonjo-Iweala amid rising concerns from the US and Canada regarding India's recent agricultural policies. The US has questioned how India's aim to double rice exports—where it already holds a 40% share of the global market—will not disrupt international trade. Canada echoed these concerns, urging India to clarify the justification for its minimum price support (MSP) and public stockholding (PSH) measures, which they argue could distort global markets. These issues will be discussed at the WTO Committee on Agriculture meeting in Geneva later this month. India defends its MSP as a means to support small farmers and ensure food security for vulnerable nations, asserting that its stockpiles are not intended for commercial export. The US highlighted record rice production and procurement figures, raising questions about the alignment of India's policies with WTO guidelines.
Published: Nov 23 2025, 7 pm
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