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Commerce and Industry Minister Piyush Goyal has announced that the recently introduced four labour codes aim to benefit unorganised and gig workers by streamlining processes and enhancing access to social security and improved working conditions. Speaking at the National Trade Leaders Conference in New Delhi, Goyal highlighted the consolidation of 29 labour laws into these codes, which are designed to promote better labour practices, ensure occupational safety, and guarantee minimum wages nationwide. Additionally, he noted the government's efforts to decriminalise minor business offences through the Jan Vishwas (Amendment of Provisions) Bill 2025, which is currently under review by a Select Committee. Goyal encouraged the trading community to suggest further provisions for decriminalisation and called for a framework for a 'one nation, one licence' system to be submitted for consideration by state governments. 
Published: Nov 25 2025, 9 pmeznews.inDevesh Chaturvedi, Secretary of the Department of Agriculture & Farmers’ Welfare, urged the hospitality industry to establish direct, structured partnerships with Farmer Producer Organizations (FPOs) during the FPO–Hospitality & Farmers’ Benefit Summit 2025, organized by the Federation of Hotel & Restaurant Associations of India (FHRAI). He highlighted that such collaborations are essential for ensuring a steady supply of high-quality, chemical-free agricultural produce, benefiting both farmers and hotels. With nearly 40,000 FPOs in India, Chaturvedi noted the need to address the current pricing imbalance faced by farmers, advocating for direct procurement to enhance profitability and reduce reliance on middlemen. Suman Billa, Additional Secretary & Director General of the Ministry of Tourism, echoed this sentiment, calling for a structured framework to strengthen farmer-hotel partnerships, which would support rural livelihoods and bolster tourism. The summit also featured an exhibition showcasing diverse regional products from 50 FPOs across 17 states.
Published: Nov 25 2025, 10 pmeznews.inUnion Finance Minister Nirmala Sitharaman emphasized the importance of legislative reforms, such as the Insolvency and Bankruptcy Code (IBC), in adapting to India's evolving economic landscape during a review meeting on Tuesday. She urged the Ministry of Corporate Affairs (MCA) to enhance transparency through a live dashboard and to prioritize governance that is easy and facilitative. Highlighting the goal of transforming India into a developed nation by 2047, Sitharaman called for timely modernization of systems and processes. Concurrently, Financial Services Secretary M Nagaraju instructed public sector bank executives to closely monitor the top 20 pending cases at the National Company Law Tribunal (NCLT) and ensure adherence to timelines for corporate insolvency resolution processes. He also stressed the need for banks to coordinate effectively and expedite resolutions to minimize delays, reinforcing the urgency of addressing pending cases to foster a more efficient financial environment.
Published: Nov 25 2025, 10 pmeznews.inChina's soybean oil exports to India have surged, driven by weak domestic demand and increased imports of soybeans from South America and the US. In October, China shipped a record 70,877 tons of soybean oil, primarily to India, with total exports for the first ten months of 2025 reaching 329,000 tons—nearly triple the amount for all of 2024. This shift comes as China's economy cools, leading to reduced consumption and a surplus of soybean oil, which is now flooding global markets. Indian buyers, attracted by competitive pricing and comparable quality to South American supplies, are capitalizing on this new trade route. Chinese soybean oil is currently trading at a discount of $10 to $15 per ton compared to South American oil, with imports expected to reach around 350,000 tons in the next six months, positioning China as India's third-largest supplier.
Published: Nov 25 2025, 10 pmeznews.inThe number of Unincorporated Sector Enterprises in India rose to 7.97 crore by the end of the September quarter, up from 7.94 crore in the previous quarter, according to a report from the Statistics Ministry released on Monday. Despite this growth, the workforce remained unchanged at 12.86 crore, although it reflects an increase from the annual ASUSE 2023-24 figure of over 12 crore workers, indicating overall employment expansion in the non-agricultural sector. The report noted a slight rise in the proportion of establishments employing hired workers, from 24.38% to 25.91% in urban areas, with urban employment increasing from 6.61 crore to 6.91 crore. The unincorporated manufacturing sector saw a 5.29% rise in establishments and a 7.20% increase in workforce, driven by casual and migrant labor. Additionally, internet usage among enterprises grew to 39%, highlighting a trend towards digital integration and formalisation within the sector.
Published: Nov 25 2025, 9 pmeznews.inIndia's Commerce Minister Piyush Goyal announced positive export figures for November 2025, indicating growth compared to the same period last year, following a decline of 11.8% in October due to US tariffs on labor-intensive goods. Speaking at a press briefing after the fourth Board of Trade meeting, Goyal revealed that guidelines for two key exporter schemes—the interest equalisation scheme (IES) and the market access initiative (MAI)—will be released next week. The IES, which lapsed at the end of 2024, is crucial for providing exporters with cheaper credit, while the MAI offers marketing support. Goyal also confirmed the commencement of formal negotiations for a free trade agreement with the Russia-led EAEU and upcoming talks with Israel and the Mercosur bloc. As India seeks to diversify its trade partnerships amid ongoing tariff uncertainties from the US, interest from various countries in trade agreements with India continues to grow.
Published: Nov 25 2025, 9 pmeznews.inZen Technologies has been awarded a ₹108-crore contract by the Ministry of Defence for the supply of advanced tank crew gunnery training simulators, marking a significant step in India's push for indigenous defence manufacturing. The high-fidelity Tank Crew Gunnery Simulator is designed for tank commanders and gunners, replicating a tank's turret compartment and supporting various gunnery drills. Deliveries are expected within a year, despite a 24-month timeline set by the MoD. Zen Technologies' Chairman Ashok Atluri hailed the contract as a validation of the company's extensive research and development efforts, emphasizing the potential cost savings of ₹1,123 crore annually through the use of such simulators. This contract aligns with the Ministry's Simulation Framework, which prioritizes simulation-based training to modernize the armed forces, with expectations for broader adoption across the Army, Navy, and Air Force in the future.
Published: Nov 25 2025, 8 pmeznews.inIndia's horticulture production for the 2024-25 season has increased by 4% to reach 369.05 million tonnes, according to the Agriculture Ministry's third advance estimates released on Tuesday. This rise, amounting to 14.31 million tonnes, is attributed to a 0.4 million hectare expansion in the area dedicated to horticulture crops, now totaling 29.488 million hectares. Notably, fruit production has surged by 5.12% to 118.76 million tonnes, driven by strong yields of bananas, mangoes, and watermelons. Vegetable output has also risen by 4.09% to 215.68 million tonnes, with onions and potatoes leading the gains. Union Agriculture Minister Shivraj Singh credited this growth to farmers' dedication, agricultural innovations, and supportive government policies. He emphasized the introduction of new technologies aimed at boosting productivity and income, positioning India on a path to becoming a global agricultural leader.
Published: Nov 25 2025, 8 pmeznews.inIndia's aspiration for a "Developed India" hinges on the respect and security afforded to its workforce, as emphasized by Girish Arya, All India Secretary of the Bharatiya Mazdoor Sangh. Despite the potential of the manufacturing sector, employment ratios have lagged, necessitating comprehensive reforms to outdated labour laws. The introduction of four new labour codes—covering wages, social security, occupational safety, and industrial relations—aims to enhance worker rights and productivity while fostering a collaborative environment among industry, government, and labour. These reforms promise to extend legal protections and social security to a diverse range of workers, including gig and migrant labourers, thereby fulfilling the constitutional promise of dignity for all. However, the successful implementation of these codes relies on effective rule-making and timely disbursal of benefits, urging all stakeholders to unite in realizing the transformative potential of these reforms for India's economic growth and worker welfare.
Published: Nov 25 2025, 8 pmeznews.inMaersk, the world's second-largest container shipping line, is set to resume navigation along the East-West corridor via the Suez Canal and the Red Sea, aiming to normalize transits on this route as conditions permit. Safety for crew members remains the top priority, according to a joint statement from Maersk and the Suez Canal Authority. This announcement follows nearly two years of halted operations due to Houthi attacks on vessels in the region. Earlier this month, the CMA CGM Benjamin Franklin became the first ultra-large container ship to navigate the Red Sea since the disruptions began. The statement also highlighted discussions on the geopolitical landscape, including the peace process in Gaza and the importance of freedom of navigation in the Bab el Mandeb Strait, which the two parties emphasized as vital for global trade.
Published: Nov 25 2025, 8 pm
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