eznews.in
A U.S. judge is set to hear arguments regarding a controversial deal between the Justice Department and Boeing, which would allow the aerospace giant to avoid prosecution linked to two fatal 737 MAX crashes that claimed 346 lives. Judge Reed O'Connor in Texas will consider objections from victims' families who argue that the agreement, which permits Boeing to evade oversight from an independent monitor for three years, is not in the public interest. Boeing had previously agreed to plead guilty to a criminal fraud charge for misleading regulators about a critical flight control system but later reversed its stance. The proposed non-prosecution agreement includes a $1.1 billion payment from Boeing, which encompasses fines and compensation for victims' families. Critics, including attorney Paul Cassell, assert that the deal undermines accountability, while Boeing maintains that the executive branch holds the authority to decide on prosecution matters. 
Published: Sep 03 2025, 3 pmeznews.inBetween 2019 and 2024, the global export value of frozen potato products surged from $7.7 billion to $13.2 billion, driven by a shift in consumer preferences towards convenience foods like fries. According to RaboResearch, India and China have transitioned from net importers to net exporters, significantly reshaping the global potato market. The rise in demand for processed potato products has expanded beyond traditional markets in North America and Europe to include regions such as the Middle East and Asia. China’s potato processing industry saw a remarkable compound annual growth rate of 79%, while India and Egypt followed with 45% and 16%, respectively. However, the industry faces challenges, including rising production costs and the need to balance supply with demand. The Netherlands remains the leading exporter of seed potatoes, but its dominance is threatened by regulatory and climate-related challenges.
Published: Sep 03 2025, 6 pmeznews.inIndia is in discussions with Russia to potentially increase its procurement of the S-400 air defence missile system, despite ongoing US warnings against such acquisitions. The US had previously cautioned India about the deal, with officials indicating that any sanctions under the Countering America’s Adversaries Through Sanctions Act (CAATSA) would consider significant geostrategic factors. Russia's TASS news agency reported that negotiations for additional S-400 deliveries are underway, following India's initial $5.43 billion deal in 2018 for five squadrons, of which three have been delivered. The S-400, rebranded as "Sudarshan Chakra" by India, has already demonstrated effectiveness in recent military operations. This move reflects India's strategy of defence diversification while maintaining strong ties with the US. However, India is also developing its indigenous air defence system, project Kusha, expected to enhance its capabilities by 2028-2029.
Published: Sep 03 2025, 6 pmeznews.inKLM Royal Dutch Airlines has officially launched its new direct service connecting Hyderabad to Amsterdam Schiphol Airport, with the inaugural flight, KL 874, taking off from Rajiv Gandhi International Airport on September 3, 2025. This new route marks KLM's fourth gateway in India, complementing its existing services from Bengaluru, Delhi, and Mumbai. The addition of Hyderabad to KLM's network is expected to enhance air connectivity between India and Amsterdam, providing passengers with seamless access to over 160 destinations worldwide. This expansion reflects KLM's commitment to strengthening its presence in the Indian market and improving travel options for both business and leisure travelers.
Published: Sep 03 2025, 4 pmeznews.inThe Indian government has established a committee to address tax and export clearance challenges faced by manufacturing units, particularly in light of the recent imposition of a 50% tariff on Indian goods entering the US. This committee comprises representatives from various government bodies, including the finance ministry, the Department for Promotion of Industry and Internal Trade, and the Reserve Bank of India, along with industry stakeholders. Its mandate includes reviewing existing export-related tax structures and clearance procedures to assess their impact on the competitiveness of sectors such as engineering, pharmaceuticals, and textiles. The committee will also explore global best practices in export taxation and customs facilitation, aiming to propose actionable policy reforms. With the US accounting for approximately 20% of India's total goods exports, the committee's findings are expected to be crucial for enhancing the country's export performance. A report is anticipated within two months.
Published: Sep 03 2025, 4 pmeznews.inSarveshwar Foods, a prominent producer of organic and basmati rice, has signed a strategic memorandum of understanding (MoU) with a German technology firm to enhance rice storage and preservation methods. This partnership aligns with the company's ambition to expand its capacity and global footprint, particularly in Europe, West Asia, and North America. The innovative approach includes adopting a CO₂-based storage system to maintain rice freshness without chemicals and utilizing reusable cocoons to minimize contamination and waste. Additionally, the company plans to implement smoke generator technology to infuse a premium smoky flavor into its products. Rohit Gupta, Chairman of Sarveshwar Foods, emphasized that these advancements will bolster the company's premium product portfolio and support its long-term goals of innovation and sustainability. With over 130 years of legacy, Sarveshwar Foods aims to enhance quality, efficiency, and consumer trust while diversifying into premium FMCG categories.
Published: Sep 03 2025, 4 pmeznews.inThe Indian government is set to unveil a new financing framework aimed at repurposing de-coaled mines, named 'ARTHA', during the 'Star Rating Awards Ceremony for Coal and Lignite Mines' in Mumbai on Thursday. According to an official statement from the coal ministry, ARTHA represents a green financing initiative designed to promote the sustainable reuse of former mining sites. The ceremony will also celebrate outstanding coal and lignite mines across the nation for their achievements in operational excellence, environmental stewardship, safety, and community development. Additionally, a comprehensive guide for responsible and sustainable mine closure will be introduced. The event will be attended by Union Ministers G Kishan Reddy and Satish Chandra Dubey, along with senior officials from the Ministry of Coal, representatives from coal public sector undertakings, and various industry stakeholders.
Published: Sep 03 2025, 4 pmeznews.inDuring a meeting in New Delhi on Wednesday, German Foreign Minister Johann Wadephul expressed optimism about the potential to double the trade volume between India and Germany, currently valued at 31 billion euros ($36.29 billion). Addressing Indian counterpart Subrahmanyam Jaishankar, Wadephul highlighted the importance of a free trade agreement between India and the European Union, suggesting it could be finalized in the coming months. He emphasized the need for reciprocal actions in trade, stating, "If others put up trade barriers, then we should respond by lowering them." Wadephul's remarks reflect a growing commitment to enhancing economic ties between the two nations amid a backdrop of global trade challenges.
Published: Sep 03 2025, 3 pmeznews.inA landmark free trade agreement between India and the European Free Trade Association (EFTA), comprising Iceland, Liechtenstein, Norway, and Switzerland, will take effect on October 1, 2025. This agreement, signed on March 10, 2024, introduces legally binding provisions on trade and sustainable development for the first time in India's trade agreements. Under the pact, EFTA has pledged $100 billion in investments over 15 years, with the potential to create one million direct jobs in India. In return, India will reduce or eliminate duties on various Swiss products, including watches and chocolates. The agreement also enhances access to the Indian market for Swiss goods, covering 94.7% of exports from 2018 to 2023, excluding gold. Additionally, it reaffirms the parties' commitments to uphold international agreements related to trade, environment, and human rights, ensuring compliance with environmental and labor laws.
Published: Sep 03 2025, 3 pmeznews.inUS Congressman Brian Fitzpatrick, recently returned from a high-level intelligence mission to South Asia, has indicated that India may soon reduce its imports of Russian crude oil. As Chairman of the CIA Subcommittee on the House Permanent Select Committee on Intelligence, Fitzpatrick engaged in strategic discussions with Indian officials, including the Foreign Minister and National Security Advisor, emphasizing the importance of US diplomatic efforts. An official statement noted that Indian refiners are signaling plans to cut Russian oil imports, a move that could significantly impact Moscow's war financing in Ukraine. Fitzpatrick described the mission as pivotal for advancing US priorities, including counterterrorism and regional security cooperation, while reinforcing America's global credibility. Accompanied by Congresswoman Chrissy Houlahan, Fitzpatrick's trip also addressed the humanitarian crises in India and Pakistan, where both nations are grappling with severe flooding and maintaining ceasefire agreements.
Published: Sep 03 2025, 1 pm
For the fastest, latest, not so wokest news, 'experts say' you need to visit Eznews
India
World
Economy
Science
Health
Showbiz
Contact