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Punjab is set to conduct field trials of genetically modified (GM) maize this kharif season, despite opposition from anti-GM activists. The Punjab Agricultural University (PAU) is spearheading the trials, with Agriculture Minister Gurmeet Singh Khudian asserting the necessity of developing new crop varieties to address future agricultural challenges, particularly in water-scarce regions. However, activists from the Coalition for a GM-Free India have raised concerns, particularly regarding the trials' compatibility with the state's existing ban on glyphosate, a pesticide that the trials involve. Kavitha Kuruganti, a leading activist, criticized PAU for allegedly violating regulatory guidelines and warned that introducing more chemicals could exacerbate Punjab's environmental health crisis. She emphasized the need for caution with GM technologies, which could lead to increased agro-chemical use, adversely affecting both farmers and consumers. The situation highlights the ongoing debate over agricultural innovation versus environmental safety in India. 
Published: Jul 17 2025, 8 pmeznews.inIndia's reliance on Chinese specialty fertiliser imports has surged since 2005, with the country now sourcing 80% of its specialty fertilisers directly from China. As China prepares to reimpose export restrictions from October, industry officials warn of potential price hikes that could adversely affect farmers. Rajiv Chakraborty, President of the Soluble Fertilizer Industry Association, noted that while a temporary resumption of exports has provided short-term relief, the tightening of controls will soon resume, leading to increased inspections and consignment delays. Indian companies are racing to secure supplies during this brief window, with global sourcing firms working to meet seasonal demands. Although domestic production is expected to alleviate some supply issues by mid-season, price increases are anticipated, directly impacting farmers. The recent halt in exports previously caused a 40% price surge, but the peak demand period for specialty fertilisers coincides with the farming season, limiting immediate disruption.
Published: Aug 31 2025, 1 pmeznews.inThe Gems and Jewellery Export Promotion Council (GJEPC) has called on the Indian government to implement urgent relief measures following the imposition of a 50% tariff by the United States on Indian goods, effective August 27. GJEPC Executive Director Sabyasachi Ray noted that exporters had preemptively increased shipments to the US, but the sudden tariff has severely impacted the industry, particularly in Surat, which processes 90% of the world's diamonds. The council has submitted a memorandum requesting an extension of credit timelines, a moratorium on loan payments, and reimbursement for additional tariffs. Key demands also include extending the export obligation period for duty-free gold imports and support for workers facing job losses. Despite the challenges, Ray remains optimistic that the tariff will be temporary, emphasizing the importance of the broader India-US relationship.
Published: Aug 31 2025, 1 pmeznews.inIn a significant bilateral meeting in Tianjin, Prime Minister Narendra Modi and Chinese President Xi Jinping sought to mend strained relations following the Galwan Valley clashes of 2020. Emphasizing the importance of mutual trust, Modi highlighted the resumption of the Kailash Mansarovar Yatra and direct flights between the two nations, which he described as vital for the 2.8 billion people they represent. Xi echoed the sentiment, calling for the "dragon and the elephant" to unite amid global transformations. Modi's visit, his first to China in seven years, comes as he prepares to attend the Shanghai Cooperation Organisation Summit and meet with Russian President Vladimir Putin. The backdrop of rising tariffs imposed by US President Donald Trump on India, China, and Russia adds urgency to their discussions, as these three countries collectively account for a significant portion of the world's GDP. Recent diplomatic gestures from China, including addressing India's concerns over essential supplies, signal a potential thaw in relations.
Published: Aug 31 2025, 1 pmeznews.inThe Indian Railway Catering and Tourism Corporation (IRCTC) has solidified its position in the online ticketing sector, capturing nearly 88% of reserved railway bookings in the first quarter of FY26. As part of its digital expansion, IRCTC plans to enhance its fintech capabilities by introducing UPI-linked credit card bookings and developing an AI-driven advertising strategy to boost cross-selling. The company has received preliminary approval from the Reserve Bank of India for a payment aggregator license, which is expected to broaden its revenue streams beyond ticketing within the next 12 to 18 months. In the April-June quarter, IRCTC's internet ticketing revenue rose 9% year-on-year to ₹360 crore, contributing to a consolidated net profit increase of 7% to ₹330 crore. While catering and Rail Neer divisions faced challenges, tourism saw a robust 21% growth, driven by initiatives like Bharat Gaurav trains and luxury offerings.
Published: Aug 31 2025, 12 pmeznews.inIn his latest 'Mann Ki Baat' broadcast, Prime Minister Narendra Modi called on citizens to support local products during the festive season, emphasizing the importance of 'Swadeshi' goods. As the nation celebrates 'Ganesh Utsav', he urged people to choose Indian-made gifts, attire, and decorations, reinforcing the mantra of 'Vocal for Local' and the vision of 'Atmanirbhar Bharat' (self-reliant India). This appeal comes amid challenges faced by Indian exporters, particularly in textiles and gems, due to high tariffs imposed by the Trump administration. Modi also highlighted the growing adoption of solar power, noting its transformative impact on farmers' lives, exemplified by the story of Devki from Muzaffarpur, who has gained respect and financial independence through solar initiatives. He encouraged the nation to harness solar energy, stating it not only provides electricity but also empowers communities.
Published: Aug 31 2025, 12 pmeznews.inThe Indian government is formulating an action plan to address the repercussions of a 50% tariff increase imposed by the US on Indian exports, according to Economic Affairs Secretary Anuradha Thakur. She acknowledged that certain employment-intensive sectors may be adversely affected and emphasized the government's commitment to assessing the impact and exploring solutions. To bolster domestic demand and support manufacturing, the government has introduced measures such as zero income tax for earnings up to ₹12 lakh and GST reforms aimed at reducing commodity prices. Thakur expressed confidence in meeting the fiscal deficit target of 4.4% of GDP for 2025-26, despite a rise to 29.9% of the full-year target by July. India's economy grew by 7.8% in the April-June quarter, driven by strong agricultural performance and robust domestic demand, reinforcing its status as the fastest-growing major economy, outpacing China's 5.2% growth.
Published: Aug 31 2025, 11 ameznews.inIndia's nominal GDP growth rate for the April-June quarter of FY26 has fallen to 8.8%, the lowest in three quarters, despite a real growth rate reaching a five-quarter high. This decline in nominal growth, which reflects the value of goods and services at current prices, could impact the fiscal deficit, projected at ₹15.69 lakh crore or 4.4% of an estimated GDP of ₹357 lakh crore. The GDP deflator, a key inflation measure, has also dropped to 0.9%, its lowest in 23 quarters, influenced by subdued wholesale and retail inflation rates. Tax revenue growth has slowed to just 0.8% year-on-year, significantly below the anticipated 10.8% for FY26, while revenue expenditure has surged by 17.1%. Experts warn that proposed GST rate changes could significantly affect fiscal targets if they do not stimulate demand.
Published: Aug 31 2025, 11 ameznews.inThe upcoming GST Council meeting on September 3-4, chaired by Finance Minister Nirmala Sitharaman, is crucial for the auto industry, particularly the luxury car segment, as clarity on new GST rates could stimulate sales during the festive season. BMW Group India President Hardeep Singh Brar highlighted that consumer uncertainty surrounding potential GST changes has led to a cautious approach among buyers, impacting vehicle sales. He emphasized the need for clarity to bolster economic growth and maintain the existing 5% GST on electric vehicles to support sustainable adoption. Audi India and Mercedes-Benz India executives expressed optimism for the festive season, anticipating increased consumer confidence post-GST clarification. However, Icra's Jitin Makkar cautioned that luxury car sales may only see mid-single-digit growth this festive season due to external economic pressures, with a potential GST cut for smaller cars possibly benefiting the mass market while the luxury segment faces challenges.
Published: Aug 31 2025, 11 ameznews.inAn Air India flight bound for Indore made an emergency landing in Delhi at approximately 6:15 am on Sunday after the cockpit crew received a "fire indication" from the right engine. The A320 neo aircraft, carrying over 90 passengers, was airborne for more than 30 minutes before the pilot decided to shut down the affected engine and return to the airport. Air India confirmed that the flight, designated AI2913, landed safely and has since been grounded for inspection. Passengers are being transferred to an alternative aircraft to continue their journey to Indore. The Directorate General of Civil Aviation has been notified of the incident, which follows a series of recent technical issues involving Air India planes. The airline, owned by the Tata Group, has not provided further details regarding the incident.
Published: Aug 31 2025, 10 ameznews.inIndia's Ethanol Blending Programme (EBP) is a pivotal element of the country's energy strategy, yet it faces ongoing criticism rooted in misconceptions. Detractors often cite concerns over fuel performance, claiming E20 fuel causes significant mileage reduction and engine damage. However, studies from the Ministry of Petroleum and Natural Gas and the Automotive Research Association of India indicate minimal impact on mileage and confirm E20's safety, with ethanol actually enhancing engine performance. The program strategically utilizes agricultural surplus and non-food crops, addressing the "food versus fuel" debate while promoting rural economic growth. With projected payments to farmers reaching ₹40,000 crore by 2025, the EBP not only bolsters energy security but also supports sustainable agricultural practices. As misinformation persists, the EBP emerges as a necessary investment in India's self-reliant future, balancing economic, environmental, and food security concerns effectively.
Published: Aug 31 2025, 10 am
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