eznews.in
The ₹3-lakh crore poultry industry in India is urging the government to permit the import of genetically modified (GM) maize to mitigate rising production costs exacerbated by competition from the ethanol sector. With the ethanol industry consuming 12-15 million tonnes of the country's 42 million tonnes of annual maize production, prices have surged, impacting the poultry sector, which requires about 25 million tonnes. Uday Singh Bayas, President of the Indian Poultry Equipment Manufacturers Association, highlighted that high input costs, particularly for maize and soya, hinder the industry's competitiveness against international players like Brazil and Thailand. He called for government intervention to stabilize prices and ensure farmers receive fair compensation. Additionally, the industry seeks recognition as a distinct sector, advocating for export promotions to enhance its global market presence, as current revenues remain low despite significant potential. 
Published: Nov 27 2025, 9 ameznews.inAs of June 2025, India has 45.343 GW of renewable energy (RE) projects awaiting power purchase agreements (PPAs) despite having connectivity granted through the letter of award (LoA) route. The Central Electricity Regulatory Authority (CERC) has described connectivity as a "scarce resource" and proposed that future connectivity should be auctioned to ensure effective use of the transmission network. The CERC's recommendations include replacing the LoA with a PPA as the valid document for connectivity and creating mechanisms to manage delays in signing PPAs. Stakeholders are invited to respond to these proposals by December 15, 2025. This initiative coincides with the Ministry of New & Renewable Energy's review of 43.9 GW of RE capacities hindered by a lack of interest from distribution companies in signing power sale agreements. The CERC aims to optimize the transmission system and enhance project implementation timelines.
Published: Nov 27 2025, 10 ameznews.inA fresh cyclone threat looms over Sri Lanka and Tamil Nadu as a deep depression formed over the south-west Bay of Bengal on Thursday morning, following the recent cyclone Senyar, which was located east-southeast of Indonesia. The India Meteorological Department (IMD) reported that the depression, situated about 150 km east-northeast of Hambantota, is expected to intensify into a cyclone by Thursday evening. The system is forecast to move north-northwest towards the Sri Lankan coast and north Tamil Nadu, bringing heavy rainfall. Tamil Nadu can expect light to moderate rain on Thursday, escalating to heavy rainfall on Friday and Saturday, with isolated areas potentially receiving over 20 cm. Andhra Pradesh will also experience similar rainfall patterns. Meanwhile, cyclone Senyar has weakened into a deep depression over the Strait of Malacca and is expected to dissipate further.
Published: Nov 27 2025, 10 ameznews.inThe International Monetary Fund (IMF) projects India's economy will grow by 6.6% in the fiscal year 2025-26, following a robust 7.8% expansion in the first quarter of the same fiscal year. This growth is attributed to the positive effects of Goods and Services Tax (GST) reforms, which are expected to mitigate the impact of 50% tariffs imposed by the US, including on Russian energy imports. Despite external challenges, the IMF noted that domestic conditions remain favorable, although risks such as geoeconomic fragmentation and unpredictable weather could hinder growth. The IMF commended India's economic resilience, supported by sound macroeconomic policies, and emphasized the need for continued structural reforms to achieve advanced economy status. Directors highlighted the importance of fiscal consolidation, targeted tariff relief, and enhancing human capital, while also advocating for greater exchange rate flexibility and investment in innovation to bolster competitiveness and sustainable growth.
Published: Nov 27 2025, 10 ameznews.inIn a significant development for India-UAE relations, Secretary (CPV & OIA) Arun Kumar Chatterjee met with UAE Ministry of Foreign Affairs Undersecretary Omar Obaid AlHesan AlShamsi during the sixth meeting of the India-UAE Joint Committee on Consular Affairs in Abu Dhabi on Wednesday. The discussions focused on liberalising visa policies, enhancing information flow, and expediting cooperation on extradition cases and mutual legal assistance. The Ministry of External Affairs (MEA) highlighted the meeting's positive atmosphere, reflecting the historic Comprehensive Strategic Partnership established following Prime Minister Narendra Modi's visit in 2015. Both nations reaffirmed their commitment to ensuring the safety and well-being of their citizens abroad, with India expressing gratitude for the UAE's support of its large expatriate community. The meeting underscores the growing bilateral ties, bolstered by a comprehensive economic partnership agreement signed in 2022, which has significantly increased trade and people-to-people connections.
Published: Nov 27 2025, 10 ameznews.inAce International Ltd, a food and nutrition ingredients company, has secured $35 million (approximately ₹305 crore) in funding from FMO, responsAbility, Incofin, and Fiedlin Ventures to enhance its advanced nutrition and dairy ingredients business. This marks Ace's first institutional fundraising, aimed at establishing a state-of-the-art dairy ingredients facility in Kuppam, Andhra Pradesh, which will introduce pioneering dairy nutrition processing technology to Asia. The facility is designed for agility and innovation, allowing Ace to meet the growing demand for customized nutrition globally while engaging over 40,000 farmers, including many women, to promote rural livelihoods and gender equity. Founder Sanjeev Goyal emphasized that this partnership is a catalyst for innovation in food technology, while FMO's Peter Bryde highlighted Ace's strong market position and commitment to sustainability. The investment aims to expand Ace's smallholder farmer supply chain from 49,000 to over 80,000 by 2030.
Published: Nov 27 2025, 10 ameznews.inGlobal rice prices have seen a slight increase recently, but experts predict this trend may not last due to ample supplies, particularly from India, which holds a record inventory of 33.6 million tonnes of rice. Indian exporters are facing challenges, including a temporary halt in shipments to Senegal due to expired import licenses. Despite competitive pricing, with India's 5% broken white rice at $346 per tonne, exports have declined compared to last year, with non-basmati rice exports at 7.02 million tonnes in the first half of the fiscal year, down from 8.96 million tonnes in 2022-23. The Ministry of Agriculture anticipates a record kharif rice production of 125.40 million tonnes, contributing to potential price drops. Additionally, the impact of weather events like Cyclone Senyar could further influence production and prices in the coming months.
Published: Nov 27 2025, 9 ameznews.inIndia's economic growth is projected to surge to 7.5% in the second quarter of the financial year 2026, significantly up from 5.6% in the same period last year, according to a report by Union Bank of India. The official GDP data will be released on November 28. While this growth is robust, it is slightly lower than the 7.8% recorded in the previous quarter. Gross Value Added (GVA) is also expected to rise to 7.3%, compared to 5.8% in Q2 FY25. The report notes that nominal GDP growth may slow to 8.0%, down from 8.8% in Q1. Factors such as strong government spending and the front-loading of exports have bolstered growth, although challenges may arise in the second half of FY26 due to fading statistical drivers and potential inflation increases. Union Bank has revised its FY26 GDP growth target upward to 7.1%, anticipating that GST rate cuts will further support demand.
Published: Nov 27 2025, 9 ameznews.inIn September 2025, outward remittances by Indian retail investors for equity and debt investments reached $279 million, marking a six-month high and a 57% increase to $1.1 billion for the April-September period compared to $700 million the previous year, according to the Reserve Bank of India's Liberalised Remittance Scheme data. This surge is attributed to market volatility and a depreciating rupee, prompting investors to seek opportunities in global markets, particularly in AI and technology stocks. Sitashwa Srivastava, CEO of Borderless, noted that limited local investment options have driven this trend, with the platform reporting a 100% year-on-year increase in trading volumes. Investors like Viram Shah emphasize the benefits of global bonds, which offer better returns when accounting for rupee depreciation. Chartered accountant Prathik Desai highlighted the diversification potential of investing in international markets, particularly in leading tech companies following strong performances.
Published: Nov 27 2025, 6 ameznews.inThe International Monetary Fund (IMF) has urged India to closely monitor the fiscal implications of recent changes to the Goods and Services Tax (GST) and personal income tax rates, following the completion of its Article IV Consultation. While the IMF anticipates robust growth, projected at 6.6% for FY2025-26, supported by favorable domestic conditions and resilient service exports, it also highlighted significant near-term risks, including potential geoeconomic fragmentation and unpredictable weather impacts. The IMF noted that the recent GST rate cut, effective September 22, is expected to mitigate tariff impacts and keep inflation contained. Directors recommended targeted and transparent tariff relief measures and emphasized the need for fiscal consolidation and enhanced domestic revenue mobilization. They also supported the Reserve Bank of India's data-driven monetary policy approach, suggesting that further easing may be possible if current tariff levels persist. Comprehensive structural reforms are deemed essential for India’s ambition to become an advanced economy.
Published: Nov 26 2025, 9 pm
For the fastest, latest, not so wokest news, 'experts say' you need to visit Eznews
India
World
Economy
Science
Health
Showbiz
Contact