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A training aircraft operated by Redbird Flight Training Centre crash-landed near Baramati airport in Pune district on Saturday morning, but fortunately, no injuries were reported. The incident occurred as the aircraft was landing after completing a training sortie when the pilot discovered a damaged tyre. Attempting an emergency landing around 8 AM, the front wheel detached upon touchdown, causing the aircraft to veer off the taxiway and onto the opposite side of the airport. A senior police officer confirmed that the pilot was unharmed in the incident. The crash highlights the potential risks associated with flight training, though the outcome was fortunate given the circumstances. 
Published: Aug 09 2025, 2 pmeznews.inMaldivian President Mohamed Muizzu inaugurated a new terminal at Velana International Airport on July 26, 2025, coinciding with the country's 60th Independence Day. Dubbed "a pillar of economic independence," the terminal aims to bolster tourism, which constitutes 21% of the Maldives' GDP, amid rising external debt exceeding $8 billion. The $585 million facility, designed to accommodate 7.5 million passengers annually, features modern amenities and reflects the Maldives' cultural identity. Despite political tensions and past project delays, including the controversial termination of a previous airport contract, the new terminal is seen as vital for economic recovery. The World Bank and IMF project that it could drive a 5.2% average economic growth in the medium term. With a renewed focus on attracting Indian tourists following strained relations, authorities are optimistic about achieving a $5 billion tourism revenue target for 2025, aided by improved air connectivity and marketing efforts.
Published: Aug 09 2025, 6 pmeznews.inIndia has inaugurated its first state-of-the-art Animal Stem Cell Biobank and Laboratory at the National Institute of Animal Biotechnology (NIAB) in Hyderabad, as announced by Union Minister of State for Science and Technology Jitendra Singh. The facility, covering 9,300 square feet and built at a cost of ₹1.85 crore, aims to enhance research in regenerative medicine and cellular therapies for livestock. It features advanced equipment, including a stem cell culture unit, a 3D bioprinter, and cryostorage facilities, which will facilitate studies in disease modelling, tissue engineering, and reproductive biotechnology. The initiative is supported by the National Biopharma Mission (NBM) of DBT–BIRAC, with plans for future expansion to include biobanking of animal stem cells and their derivatives, marking a significant step forward in veterinary science and biotechnology in India.
Published: Aug 09 2025, 9 pmeznews.inIn July, India saw a significant increase in company registrations, with 17,555 new Indian and foreign firms incorporated, marking an 18% rise from 14,887 in the same month last year, according to the Corporate Affairs Ministry. However, the number of companies voluntarily seeking to remove their names from the Registrar of Companies has reached over 8,600 in the first three and a half months of FY26, accounting for 54% of last fiscal's total. This trend may be attributed to weak consumption patterns, particularly in urban areas, and geopolitical uncertainties. Notably, only 24 companies were struck off between April 1 and July 16, compared to 30 in the entire previous fiscal year. The Minister of State in Corporate Affairs, Harsh Malhotra, confirmed that no special strike-off drive is currently underway, although provisions exist for companies that have not operated for two years or failed to pay their subscriptions.
Published: Aug 09 2025, 7 pmeznews.inThe Competition Commission of India (CCI) has mandated its Director General to investigate allegations against Rashtriya Chemicals and Fertilizers (RCF) for unlawfully tagging other products with subsidised urea, a practice deemed a violation of competition law. The investigation, prompted by a complaint from Maharashtra farmer leader Raghunath Patil, must be completed within 60 days. The CCI's Bench, led by Chairperson Ravneet Kaur, expressed a prima facie view that RCF's actions contravene several provisions of the Competition Act. Patil's petition highlights that farmers have been coerced into purchasing additional non-subsidised products alongside urea, which is essential for crop production. The Department of Fertilizers had previously warned companies against such practices, and Agriculture Minister Shivraj Singh Chouhan has promised to establish a helpline for farmers to report these issues. The CCI's order emphasizes that the investigation's outcome remains to be determined.
Published: Aug 09 2025, 6 pmeznews.inGarment manufacturers in Tiruppur, Tamil Nadu, are facing significant challenges following the United States' imposition of a 50% tariff on Indian imports, which has led to halted production and order execution among exporters. Industry representatives report that approximately ₹12,000 crore, or 30% of Tiruppur's annual ₹45,000 crore garment exports, are at risk, with an anticipated loss of around ₹6,000 crore due to the new tariffs. The Tiruppur Exporters' Association (TEA) has indicated that many manufacturers are adopting a 'wait and watch' strategy, pausing production while assessing their options. TEA President K M Subramanian emphasized the urgency of the situation, stating that exporters are holding stock as American buyers have put orders on hold. However, there is optimism regarding potential opportunities in the UK market following India's Free Trade Agreement with the country. The industry plans to engage with both Central and State governments to address the tariff's impact.
Published: Aug 09 2025, 6 pmeznews.inOdisha has successfully exported dragon fruits to Dubai for the second consecutive year, with 330 kg shipped from Balangir district on Friday. The fruits, cultivated in Patnagarh, were sold at ₹300 per kg, reflecting a 20% increase from last year's price of ₹250. This price rise is attributed to heightened demand, improved quality, and increased farmer incomes from high-value crops. Subrat Kumar Panda, Director of Horticulture in Odisha, hailed this achievement as a testament to the state's growing capabilities in high-value horticulture and its readiness for competitive global markets. The successful export initiative is supported by the Odisha Department of Agriculture and Farmers’ Empowerment through the PSFPO project, implemented by Palladium with backing from the Gates Foundation, which focuses on strengthening farmer producer organizations. Marketing assistance was also provided in collaboration with the Agricultural and Processed Food Products Export Development Authority.
Published: Aug 09 2025, 5 pmeznews.inIn a bid to accommodate the anticipated surge in passenger numbers during the festive season, India's Railway Ministry has introduced a new ticket discount scheme. Passengers can avail a 20% discount on tickets booked for travel between October 13 and 26, with return journeys from November 17 to December 1, 2025. The booking window opens on August 14, 2025, but the discount does not apply to flexi fare trains like Rajdhani and Shatabdi. Passengers must first book their onward journey before securing their return tickets using the connecting journey feature. The rebate is applicable only for confirmed tickets for the same set of passengers traveling in the same class and on the same route. Importantly, no refunds will be issued for tickets booked under this scheme, which aims to streamline travel during the busy festival period.
Published: Aug 09 2025, 4 pmeznews.inIndia and Oman are poised to announce the conclusion of their Comprehensive Economic Partnership Agreement (CEPA) soon, with the trade pact's text currently being translated into Arabic. Following this, both nations' cabinets will need to approve the agreement. An official indicated that the announcement would come "much less" than the previously speculated two to three months. The CEPA negotiations began in November 2023 and aim to significantly reduce or eliminate customs duties on a wide range of goods, while also facilitating trade in services and attracting investments. Oman ranks as India's third-largest export destination within the Gulf Cooperation Council (GCC), with bilateral trade exceeding $10 billion in 2024-25. India's primary imports from Oman include petroleum products and urea, which together constitute over 70% of its imports. India has a similar trade agreement with the UAE, effective since May 2022.
Published: Aug 09 2025, 3 pmeznews.inThe Indian government is set to unveil a ₹2,250 crore export promotion mission aimed at shielding industries from global trade uncertainties, particularly those stemming from US tariffs imposed by President Donald Trump. Officials are engaging with exporters to enhance ease of doing business and stimulate domestic consumption while exploring new supply chains and markets. The mission will feature initiatives such as easy credit schemes for MSMEs and e-commerce exporters, overseas warehousing facilitation, and global branding efforts to seize emerging export opportunities. The Directorate General of Foreign Trade has already briefed key stakeholders on the mission, which is divided into two main components: Trade Finance Support (NIRYAT PROTSAHAN) and International Market Access (NIRYAT DISHA). Despite a slight increase in overall exports during the first quarter of 2025-26, key sectors like textiles and chemicals are expected to face significant challenges due to high tariffs.
Published: Aug 09 2025, 2 pm
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