eznews.in
India has firmly rejected China's recent attempts to rename locations in Arunachal Pradesh, labeling them as "vain and preposterous." In a statement on Wednesday, Ministry of External Affairs (MEA) Spokesperson Randhir Jaiswal emphasized that Arunachal Pradesh is an integral part of India, asserting that "creative naming" by China will not change this reality. The remarks come in response to Beijing's announcement of new Chinese names for several places in Arunachal Pradesh, which China claims as part of Tibet. Jaiswal reiterated India's principled stance on the matter, categorically dismissing China's claims and reaffirming the region's status as an inalienable part of India. The ongoing territorial dispute between the two nations continues to be a point of contention, with India maintaining its sovereignty over Arunachal Pradesh despite China's assertions. 
Published: May 14 2025, 10 ameznews.inThe Integral Coach Factory (ICF) in Chennai, a key player in Indian Railways' passenger coach production, is set to complete its order of Vande Bharat (VB) chair car coaches this year, having produced 23 of the 20-car rakes. General Manager U Subba Rao announced that the focus will soon shift to VB sleeper trains, with one already completed and additional orders placed for 10 more rakes. Trials for the sleeper trains have been conducted at speeds of 180 km/h, with final safety adjustments underway. ICF is also preparing to launch VB freight trains, expecting the first rake by mid-2025. Looking ahead, ICF aims to produce 4,200 coaches this year, including a tender for 600 general coaches, as part of a broader initiative to replace older coaches with safer LHB models. The combined target for ICF and other production units is 10,000 coaches annually for the next two years.
Published: May 14 2025, 3 pmeznews.inBharat Earth Movers Limited (BEML) has secured 60.063 hectares of land in Madhya Pradesh to establish a new rolling stock manufacturing facility in Umeria, Raisen district. The land allotment was officially handed over by Chief Minister Dr. Mohan Yadav, who emphasized the project's potential to enhance the state's industrial ecosystem and create job opportunities for local communities. The facility will focus on producing rolling stock and metro coaches for various railway and urban mobility projects across India. At the event, BEML also celebrated the milestone of manufacturing its 2,100th metro coach for the Mumbai Metropolitan Region Development Authority, featuring advanced driverless technology. BEML's Chief Managing Director, Shantanu Roy, highlighted the significance of this expansion in bolstering the nation's rail infrastructure and urban mobility solutions, marking a significant step in India's advanced manufacturing and engineering capabilities.
Published: May 14 2025, 2 pmeznews.inIndia's diplomatic and trade relations with Turkey and Azerbaijan are facing significant challenges following the two nations' support for Pakistan in the wake of India's military operations under Operation Sindoor. This operation, launched on May 7, aimed to dismantle terror infrastructures in Pakistan and Pakistan-occupied Kashmir, a response to a terror attack in Pahalgam. In retaliation for Turkey and Azerbaijan's backing of Islamabad, Indian traders have begun boycotting Turkish products, while travel platforms have issued advisories against visiting these countries. India's trade with Turkey, valued at USD 5.2 billion in 2024-25, and Azerbaijan, at USD 86.07 million, represents a small fraction of its total exports. Despite the tensions, India maintains a trade surplus with both nations, with key exports including mineral fuels and pharmaceuticals to Turkey, and tobacco and tea to Azerbaijan. The situation underscores the complexities of geopolitical alliances and their impact on economic ties.
Published: May 14 2025, 1 pmeznews.inIndia's vegetable oil imports experienced a significant decline of 32% year-on-year, totaling 8.91 lakh tonnes in April, as reported by the Solvent Extractors Association (SEA). This drop is attributed to reduced demand for palm oil and increased domestic mustard crushing. In April 2024, imports of palm oil plummeted by 53% to 3.21 lakh tonnes, while refined edible oil imports from Nepal also contributed to the overall decrease. For the first half of the 2024-25 oil year, total imports fell to 65.02 lakh tonnes, down from 70.69 lakh tonnes the previous year. Notably, the share of palm oil in total imports decreased to 42%, while soft oils rose to 58%. As of May 1, India held edible oil stocks of 13.51 lakh tonnes, with Indonesia and Malaysia being the primary suppliers of palm oil, and Argentina, Brazil, and Russia supplying soybean oil.
Published: May 14 2025, 1 pmeznews.inAs the monsoon season approaches, arecanut growers are gearing up to apply the Bordeaux mixture, a crucial fungicide containing copper sulphate, to combat fruit rot disease. However, the cost of copper sulphate has surged due to rising copper scrap prices and its classification as an industrial product, which incurs an 18% GST, compared to a lower 5% for fertilizers. A Kishore Kumar Kodgi, President of Campco Ltd, highlighted the confusion caused by varying GST rates on agricultural inputs, advocating for a unified 5% rate to support farmers. The price of copper scrap has nearly doubled since 2020, contributing to increased costs for the Bordeaux mixture, which Campco sells at ₹330 per kg, up from ₹310 last year. Local cooperatives are lobbying for a reduction in GST rates, emphasizing that lower costs would benefit small farmers reliant on this essential agricultural input.
Published: May 14 2025, 12 pmeznews.inIn a recent update, the Sensex rose by 184.09 points to close at 81,332.31, while the Nifty gained 88 points, reaching 24,666.35. However, commodity prices saw declines, with crude oil dropping by ₹25 to ₹5,405, gold decreasing by ₹287 to ₹93,360, and silver falling by ₹318 to ₹96,449. Meanwhile, wholesale price inflation (WPI) eased to 0.85% in April, down from 2.05% in March, primarily due to falling prices in food articles, manufactured goods, and fuel. Notably, food articles experienced a deflation of 0.86%, with vegetable prices plummeting significantly. The Reserve Bank of India (RBI) recently cut the benchmark policy rate to 6% to stimulate the economy, anticipating retail inflation to average 4% for the fiscal year, down from a previous estimate of 4.2%. This easing inflation may provide the RBI with room for further rate cuts in its upcoming monetary policy review.
Published: May 14 2025, 12 pmeznews.inThe Indian government has implemented a ₹50 increase in the price of a 14.2 kg LPG cylinder, expected to generate approximately ₹10,000 crore in FY26. This follows a ₹2 per litre hike in excise duty on petrol and diesel, projected to raise an additional ₹33,000 crore to offset losses incurred by oil marketing companies (OMCs) due to selling LPG below market rates. The recent price adjustments aim to alleviate the ₹41,383 crore loss faced by OMCs in FY25. Analysts suggest that while refining margins may decline due to weak global demand, retail margins could improve with lower crude prices, which are anticipated to stabilize between $60-70 per barrel in FY26. Furthermore, a reduction in LPG under-recoveries is expected, contingent on sourcing costs, as India looks to diversify its LPG imports from the US amid fluctuating international prices.
Published: May 14 2025, 12 pmeznews.inResearchers at the Tata-Cornell Institute for Agriculture and Nutrition (TCI) have launched a project titled ‘Promoting value chains for climate resilience and nutritious diets’ aimed at enhancing India's food value chains, particularly for non-staple crops such as millets, tomatoes, pulses, and soybeans. The initiative seeks to address the country's high malnutrition rates and improve food system resilience against climate change by mapping and analyzing these value chains. TCI Director Prabhu Pingali emphasized the potential for increased efficiency and reduced waste, which could benefit smallholder farmers. The project, supported by a 5 million Danish kroner grant from the Novo Nordisk Foundation, will involve consultations with stakeholders to identify challenges and recommend solutions. By developing robust value chains, the project aims to connect farmers with markets, facilitate price discovery, and ensure that nutritious foods become more accessible and affordable for all.
Published: May 14 2025, 11 ameznews.inThe Union Bank of India (UBI) has warned that ongoing global tariff wars and rising gold prices are likely to significantly influence the consumer price index (CPI) in the coming months, despite stable food prices. The report highlights that inflation could rise due to increased costs of non-food essentials, particularly precious metals. Recent data from the Ministry of Statistics revealed that India's retail inflation fell to 3.16% in April, down from 3.34% in March, attributed to lower prices for various goods, including vegetables and personal care items. Core inflation remained steady at 4.09%, with expectations of a 50 basis points repo rate cut by the Reserve Bank of India (RBI) between June and August. The RBI has maintained inflation within its target range of 2-6%, providing reassurance to economists amid global inflation concerns.
Published: May 14 2025, 9 am
For the fastest, latest, not so wokest news, 'experts say' you need to visit Eznews
India
World
Economy
Science
Health
Showbiz
Contact