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In a significant meeting on Tuesday, the Financial Stability and Development Council (FSDC), chaired by Union Finance Minister Nirmala Sitharaman, convened at the Reserve Bank of India headquarters in Mumbai to address key financial issues. The council focused on strategies to reduce unclaimed assets across various sectors, including banks and insurance, urging regulators to expedite refunds to rightful owners through special district-level camps. Additionally, discussions highlighted the need for simplified and digitalised KYC processes, particularly for Non-Resident Indians, to enhance user experience in the financial sector. The FSDC also examined trends in financing flows to boost investment ratios and emphasized the importance of a robust cybersecurity framework in light of emerging risks. Established in 2010, the FSDC aims to maintain financial stability and improve inter-regulatory coordination, with members including heads of major financial regulators and key government officials. 
Published: Jun 10 2025, 8 pmeznews.inLiquefied Natural Gas (LNG) is set to become the primary fuel for India's long-haul heavy-duty trucking sector post-2030, with plans to convert one-third of the diesel fleet to LNG. According to a report by the Petroleum and Natural Gas Regulatory Board (PNGRB), the shift is driven by favorable global LNG market trends, enhanced gas infrastructure, and supportive policies. Currently, India has around 700 LNG trucks and 20 filling stations, a stark contrast to China's extensive network. The report anticipates that LNG prices below $9 per million British thermal units will further stimulate demand, aiding in the decarbonization of the transport sector, which currently relies heavily on diesel. The Ministry of Petroleum & Natural Gas aims to establish 1,000 LNG stations along key routes. By 2030, LNG truck numbers could reach between 30,000 and 50,000, with natural gas demand projected to rise significantly in the coming years.
Published: Jun 12 2025, 12 pmeznews.inPrices of ball copra, a key edible product derived from coconuts, have soared to unprecedented levels in Karnataka, primarily due to erratic weather patterns that have severely impacted production. Since early March, prices have surged by approximately 50%, with modal prices in the Tiptur APMC market rising from ₹14,000-15,000 per quintal to over ₹20,000 by early June, peaking at ₹22,356 on June 9. Srikant Kelahatti from Raitha Bandhu noted that production has plummeted by 50-60% this year, driven by adverse weather conditions and pest attacks. The lengthy production process of ball copra, which takes 9 to 11 months, further complicates supply issues. While farmers benefit from high prices, the surge may lead to reduced demand as ball copra is not an essential commodity. Karnataka accounts for 72.8% of India's edible copra production, highlighting its critical role in the market.
Published: Jun 12 2025, 1 pmeznews.inIndia's palm oil imports surged to an average of over 750,000 tonnes per month during the marketing year ending in October 2024, according to the Solvent Extractors' Association of India (SEA). In May, imports reached a six-month high of 592,888 metric tonnes, an 84% increase from April, driven by low inventories and competitive pricing compared to soyoil and sunflower oil. This uptick in palm oil, alongside a 10.4% rise in soyoil imports to 398,585 tonnes and a 1.9% increase in sunflower oil imports to 183,555 tonnes, contributed to a total vegetable oil import increase of 33% in May, reaching 1.19 million tonnes. With domestic stocks at their lowest since July 2020, further increases in palm oil imports are anticipated in June, potentially reaching 850,000 tonnes, aided by a recent reduction in import duties aimed at lowering food prices.
Published: Jun 12 2025, 1 pmeznews.inOver 200 domestic and international electric vehicle manufacturers are set to participate in the India Energy Storage Week (IESW) from July 8 to 10, 2025, at the Yashobhoomi Convention and Expo Centre in New Delhi. Organised by the India Energy Storage Alliance (IESA), this 11th edition aims to bolster India's ambition of becoming a global manufacturing hub for electric vehicles (EVs). The country has rapidly emerged as a significant player in the electric three-wheeler and two-wheeler markets, driven by government initiatives like the PLI Auto and FAME schemes. The Indian EV market is projected to reach $117.78 billion by 2032, with a compound annual growth rate of 22.4%. IESA President Debmalaya Sen highlighted the importance of the SPMEPCI guidelines in fostering innovation and investment, while the event will also feature collaborations with several Indian states to enhance the EV ecosystem.
Published: Jun 12 2025, 11 ameznews.inBillionaire Gautam Adani's group is set to list its airports unit, Adani Airport Holdings Ltd., by March 2027 as part of a bold $100 billion investment strategy aimed at expanding its energy, logistics, and infrastructure sectors. Currently the largest private airport operator in India, Adani Airport Holdings manages eight airports and is preparing to launch a new terminal near Mumbai. Following a tumultuous period marked by allegations of corporate fraud and a bribery investigation involving its founder, the Adani Group is accelerating its capital spending, now planning to invest the $100 billion over five to six years instead of a decade. The conglomerate intends to finance this ambitious plan through a combination of $30 billion in loans and $50 billion from its listed companies, while also attracting overseas investors. Recent fundraising efforts include a $750 million bond issue and a $150 million loan from DBS Group.
Published: Jun 12 2025, 10 ameznews.inAn ethane tanker, the STL Qianjiang, has shifted its destination from China to India, reflecting the impact of U.S.-China trade tensions on global ethane flows. The vessel, which loaded at Energy Transfer's Nederland terminal, is now headed to Dahej, India, with Reliance Industries identified as the final buyer, according to Kpler data. This change comes after the U.S. government mandated that exporters obtain licenses to ship ethane to China, where approximately half of U.S. ethane exports are typically sent for use in the petrochemical industry. Energy Transfer and Enterprise Products Partners, major U.S. ethane producers, have received letters from the Commerce Department regarding the licensing requirement, with Enterprise also facing potential denials for emergency export requests totaling 2.2 million barrels to China. Ethane is favored by Chinese firms as a cost-effective feedstock compared to naphtha, while U.S. producers seek to offload excess domestic supply.
Published: Jun 12 2025, 10 ameznews.inAirbus SE has forecasted that the global commercial aircraft fleet will nearly double to around 50,000 planes over the next 20 years, driven by burgeoning markets like India, where a growing middle class is increasingly opting for air travel. The company anticipates an increase of 24,480 aircraft, reaching 49,210 by 2044, with most growth stemming from single-aisle models such as the Airbus A320 and Boeing 737. India is projected to be the fastest-growing aviation market, while China will lead in capacity. Despite global trade tensions and supply chain challenges, including shortages of engines and parts, demand for new aircraft remains robust, according to Airbus CEO Christian Scherer. Notably, India has emerged as a significant aircraft buyer, with Air India and IndiGo placing substantial orders, reflecting the country's status as the world's third-largest domestic aviation market.
Published: Jun 12 2025, 10 ameznews.inThe Director General of Shipping (DGS) has issued a formal notice to MSC Ship Management for gross negligence in the salvage operations of the sunken Liberia-flagged container vessel MSC Elsa 3 off the Kochi coast, highlighting an imminent threat to the marine environment. The DGS criticized the inadequate progress in the operation, warning that if oil extraction does not commence within 48 hours, legal action may be pursued against the ship owners and salvors under Indian law. Local communities, reliant on fishing, have already faced significant economic losses due to the vessel's presence and ongoing pollution risks. Delays in deploying necessary diving support and visa applications for divers from 11 countries have exacerbated the situation. The vessel, lying at a depth of 51 meters, requires saturation diving for oil recovery, yet only limited air diving has occurred, with oil extraction initially scheduled for June 5 still not begun.
Published: Jun 12 2025, 10 ameznews.inFarmer Producer Organisations (FPOs) face significant challenges in sustaining their business operations, primarily due to a lack of managerial skills, insufficient access to patient capital, and inadequate working capital. At a recent roundtable hosted by the Centre for Business Innovation at the Indian School of Business, industry experts, including Ram Kaundinya, emphasized the need for professional leadership within FPOs, advocating for the appointment of trained CEOs and the introduction of diploma courses to equip young leaders. They also called for improved access to credit, urging the government to mandate priority sector lending and allow FPOs to utilize warehouse receipts and collective collateral. Additionally, the establishment of mentorship programs and a shift in mindset to view FPOs as business entities were highlighted as crucial for success. The panel also discussed the importance of leveraging technology and data to enhance operational efficiency, while cautioning against the challenges posed by data overload.
Published: Jun 12 2025, 9 ameznews.inIndia has been ranked 131st out of 148 countries in the Global Gender Gap Index, according to a report by the World Economic Forum released on Thursday. While the country has made strides in Economic Participation, Education, and Health, it has seen a decline in Political Empowerment, with female representation in Parliament dropping from 14.7% to 13.8% and women in ministerial roles decreasing from 6.5% to 5.6%. Despite an overall gender parity score of 64.4%, India fell three places compared to 2024, although its absolute performance improved slightly by 0.3 points. The report highlights that while India’s educational attainment score reached 97.1%, reflecting better female literacy and tertiary enrolment, the global gender gap has narrowed to 68.8%, with full parity projected to take 123 years at current rates. Iceland continues to lead as the most gender-equal economy for the 16th consecutive year.
Published: Jun 12 2025, 9 am
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