eznews.inNDR InvIT Trust has announced the acquisition of the MLG Warehousing and Industrial Park in Lucknow, Uttar Pradesh, for Rs 143.9 crore, marking a strategic expansion into the region's logistics market. The Grade-A facility, covering approximately 4.63 lakh sq ft on 21 acres, is currently 98% occupied, serving prominent clients in sectors such as fast-moving consumer goods, retail, and logistics. Positioned along the NH 30 corridor, the warehouse offers excellent connectivity to key consumption and industrial hubs. This acquisition aligns with NDR InvIT's strategy to enhance its pan-India logistics portfolio with high-quality, income-generating assets in vital markets. NDR InvIT, managed by NDR InvIT Managers and sponsored by NDR Warehousing Private Limited, aims to support India's logistics transformation by developing sustainable, strategically located infrastructure. The Trust's assets under management now total 19.22 million sq ft, encompassing over 67 warehouses and 37 industrial parks across 15 cities. 
Published: Oct 14 2025, 8 ameznews.inThe National Highways Authority of India (NHAI) has launched a new initiative encouraging highway users to report dirty toilets at toll plazas, offering a reward of ₹1,000 credited to their FASTag accounts for each valid report until October 31, 2025. Users can submit geo-tagged and time-stamped images via the updated 'Rajmargyatra' app, along with their name, location, vehicle registration number, and mobile number. Only toilets under NHAI jurisdiction are eligible, excluding those at fuel stations and other public areas. Each vehicle registration number can earn one reward throughout the campaign, and each toilet facility can only be reported once per day. Reports will be verified through AI-assisted screening and manual checks, with only clear and original images accepted. This initiative aims to improve sanitation standards on national highways across India.
Published: Oct 14 2025, 8 ameznews.inThe Indian government has unveiled a master plan to evacuate 65 GW of hydroelectric power from the Brahmaputra basin, with an estimated investment of Rs 6,42,944 crore. Developed by the Central Electricity Authority (CEA), the plan outlines the construction of 10,000 kilometers of transmission lines, 30 GVA of transformation capacity, and 12 GW of High-Voltage Direct Current (HVDC) infrastructure by 2035. Additionally, beyond 2035, further investments of Rs 4,51,935 crore will be needed for 21,475 kilometers of transmission lines and 68,175 MVA capacity. Power Secretary Pankaj Agarwal emphasized the importance of harnessing hydropower as a sustainable and flexible energy source to meet India's growing energy demands. The plan also includes provisions for 11,130 MW of pumped storage potential, providing developers with clarity on power evacuation from hydroelectric projects in the region. Implementation will depend on applications received by nodal agencies.
Published: Oct 14 2025, 8 ameznews.inIndia's net direct tax collection has seen a 6.33% increase this fiscal year, reaching over ₹11.89 lakh crore, according to the Central Board of Direct Taxes (CBDT). This marks the second consecutive month of growth following a three-month decline, driven by a rise in receipts from non-corporate taxpayers, which include individuals and various entities. For the current fiscal year, the government has set a direct tax collection target of ₹25.20 lakh crore, anticipating a 12.35% growth from revised estimates of ₹22.37 lakh crore for FY25. From April 1 to October 12, net corporate tax collection rose to approximately ₹5.02 lakh crore, while non-corporate tax collection increased to about ₹6.56 lakh crore. Additionally, gross direct tax collection before refunds reached over ₹13.92 lakh crore, reflecting a 2.36% year-on-year growth, with refund issuances dropping by 16% to ₹2.03 lakh crore during the same period.
Published: Oct 13 2025, 9 pmeznews.inIndia's Minister of Civil Aviation, Shri Rammohan Naidu Kinjarapu, launched the 'Fare Se Fursat' initiative today, aimed at alleviating the stress of fluctuating airfares for passengers. The event, attended by key figures including Secretary of Civil Aviation Samir Kumar Sinha and Alliance Air executives, introduces a fixed fare system that remains constant regardless of the booking date, even on the day of travel. This pilot program will run from October 13 to December 31 on select routes to assess its feasibility and passenger response. Naidu highlighted that the current dynamic pricing model often frustrates travelers due to unpredictable last-minute fares. The initiative seeks to enhance pricing transparency and stability, while also encouraging first-time flyers from smaller towns, aligning with Prime Minister Narendra Modi's vision of making air travel more accessible and affordable across the country.
Published: Oct 13 2025, 9 pmeznews.inAt the India-Japan Intercollegiate Competitions 2025 in Chennai, Takahashi Muneo, the Consul-General of Japan, highlighted the importance of enhancing collaboration between India and Japan across various sectors, including economy, technology, education, and cultural exchange. Speaking at the prize distribution ceremony, Muneo noted that the recently signed India-Japan Human Resource Exchange and Cooperation agreement presents a significant opportunity for Indian youth to gain advanced technical skills and work experience in Japan. He outlined a roadmap for talent mobility, aiming to facilitate the exchange of over 500 individuals, including 50,000 skilled professionals from India to Japan over the next five years. N. Ravi, Director of Kasturi and Sons Ltd., echoed Muneo's sentiments, emphasizing the historical partnership between the two nations and advocating for expanded collaboration in areas such as defence, space research, and clean energy technology.
Published: Oct 13 2025, 9 pmeznews.inIndia's export earnings from fish and fishery products have surged to ₹60,523 crore in 2023-24, doubling from ₹30,213 crore in 2013-14, according to a NITI Aayog report on deep-sea fishing. The report, titled “India’s Blue Economy: Strategy for Harnessing Deep-Sea and Offshore Fisheries,” advocates for a ₹9,000 crore investment over the next 15 years to enhance the sector, proposing a phased approach. The first phase (2025-28) focuses on foundational growth, followed by scaling production and competitiveness (2029-32), and ultimately positioning India as a global leader by 2033-41. Key recommendations include establishing clear regulations for responsible fishing, revising subsidy schemes, and creating a dedicated agency for governance. The report highlights India's limited deep-sea fishing fleet, with only four vessels compared to thousands in neighboring countries, and emphasizes the need for policy reform, infrastructure upgrades, and stakeholder engagement to fully exploit the potential of its vast maritime resources.
Published: Oct 13 2025, 9 pmeznews.inIndia has reiterated its dedication to implementing voluntary high-level principles for Disaster Risk Reduction (DRR) through innovation, inclusive financing, and international cooperation. Speaking at the G20 Ministerial Meeting on DRR, P K Mishra, Principal Secretary to the Prime Minister, highlighted the importance of early warning systems as essential investments in resilience, not mere technological luxuries. He detailed India's integrated approach, which combines various meteorological and geological institutions under a Common Alert Protocol-compliant system that has issued over 109 billion alerts. Mishra called for enhanced regional platforms and data-sharing initiatives within the global 'Early Warnings for All' framework, emphasizing that early warnings should be viewed as a global public good. He also outlined India's shift from a relief-focused to a risk-informed strategy, showcasing decentralized funding and community-based preparedness initiatives, ultimately aiming to embed resilience into public finance and governance.
Published: Oct 13 2025, 9 pmeznews.inIndia's Food Ministry has projected the country's gross sugar production for the current season, starting October 1, at 34 million tonnes (mt), slightly below the industry estimate of nearly 35 mt. The government is adopting a cautious stance on exports due to lower-than-expected output, increased ethanol diversion, and concerns over the upcoming sugarcane crop. Despite the festive season of Dussehra and Diwali, sugar prices remain stable. The USDA anticipates a significant rise in India's sugar output to 35.3 mt in 2025-26, driven by favourable weather and expanded cultivation, contrasting with the government's more conservative estimates. Heavy rainfall has impacted sugarcane yields in Maharashtra, prompting a downward revision in expected yields. With most mills delaying crushing operations until November, experts suggest that the government may only allow 1.8 to 2 mt of sugar for export, potentially creating a global surplus within India.
Published: Oct 13 2025, 8 pmeznews.inBilateral trade agreement (BTA) talks between India and the US are set to resume this week, following a period of stalled negotiations due to the US imposing tariffs of up to 50% on Indian goods amid allegations of India's financial support for Russia's war in Ukraine. Despite these tensions, both nations remain optimistic about finalising the first phase of the BTA by November. An Indian delegation is expected in Washington, with officials indicating a positive atmosphere for discussions, despite some disagreements. India aims to enhance its energy imports from the US and increase defence procurement as gestures of goodwill. This renewed momentum coincides with the visit of US Ambassador-Designate Sergio Gor to India, where he has engaged with key Indian leaders to discuss defence cooperation and trade priorities. Gor, recently confirmed by the Senate, views India as a strategic partner crucial for regional stability and security.
Published: Oct 13 2025, 8 pm
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