Economic Development
2 min read
49

India and China agree to resume direct air services and Kailash Mansarovar Yatra in 2025, improving strained relations.

January 27, 2025
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Building on the thaw in relations, India and China have agreed in principle to resume direct air services between the two countries and restart the Kailash Mansarovar Yatra in the summer of 2025. According to the Ministry of External Affairs, the agreements were part of the decisions taken by Foreign

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Economic Development
3 min read
45

Goyal, Omani Minister discuss proposed FTA, trade & investment ties

January 27, 2025
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Commerce & Industry Minister Piyush Goyal held an “engaging and excellent” meeting with his Omani counterpart Qais bin Mohammed Al Yousef in Muscat on Monday which may provide momentum to the India-Oman free trade agreement negotiations.  India, however, may remain measured in its responses to demands from Oman for greater

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Economic Development
3 min read
35

Sugar crushing season may end early on sugarcane shortage in Maharashtra, Karnataka

January 27, 2025
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Despite a late start, the ongoing sugarcane crushing season for the year 2024-25 will likely be curtailed early in Maharashtra and Karnataka for want of sugarcane for crushing. Sugar cane production is estimated lower during the current season as the yield has been affected by pest infestation and water stress

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Economic Development
3 min read
46

India’s wheat procurement unlikely to be hit by higher market price

January 27, 2025
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Despite wheat prices ruling high currently in the market, the government is optimistic about good procurement when the rabi marketing season begins. It is view is based on the 2023-24 purchases, which was 40 per cent higher than the previous season despite higher inflation of 17 per cent just before

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Economic Development
3 min read
47

Pricely palm oil may lose market share to soft oils, says Asian Palm Oil Alliance chief

January 27, 2025
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Palm oil will continue losing market share if its prices remain elevated compared to soft oils such as soyabean and sunflower, Atul Chaturvedi, Chairman of Asian Palm Oil Alliance (APOA) and Special Advisor to Solvent Extractors’ Association of India (SEA) has said. In his keynote address at the Globoil Asia

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Economic Development
2 min read
40

Vishwaraj Sugar to invest ₹250 cr in new factory in Belgaum

January 27, 2025
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Vishwaraj Sugar Industries plans to set up a new sugar factory with a crushing capacity of 5,000 tonnes of cane per day (TCD) and 150 kilo liters per day (klpd) distillery in Belgaum with an investment of about ₹250 crore. Mukesh Kumar, Executive Director, VSIL said the proposed plant will

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Economic Development
2 min read
45

Soaps to get costlier as FMCG cos warn of more price hikes

January 27, 2025
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With the uptick in palm oil prices, major Fast Moving Consumer Goods (FMCG) companies are expected to hike soap prices further in Q4, according to indications given by leading companies in the sector, who have warned that the hikes could be higher than seen in the third quarter. The price

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Economic Development
2 min read
42

India, China must explore transformative partnerships in agriculture; says Vimal Kumar

January 27, 2025
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Amid the changing global landscape, India and China have a unique opportunity to redefine their bilateral relationship, shifting the focus from border disputes to mutually beneficial partnerships in agriculture. Beyond the usual buyer-seller relationship, both countries can explore the untapped potential of jointly developing advanced agrochemicals, nano-fertilizers and eco-friendly biopesticides,

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Economic Development
2 min read
21

Jaishankar to meet UAE leadership to discuss enhancement of bilateral ties

January 27, 2025
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External Affairs Minister S Jaishankar is on a three-day visit to the United Arab Emirates where he will meet the country’s top leadership to advance the India-UAE comprehensive strategic partnership. “During the visit, EAM will meet the leadership of the UAE to review the close partnership between the two countries

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Economic Development
3 min read
14

2024 N-E monsoon ends, but easterly waves may bring odd showers

January 27, 2025
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North-east monsoon rains have ceased over Kerala & Mahe, south interior Karnataka, Tamil Nadu, Puducherry & Karaikal, Rayalaseema and adjoining areas of Coastal Andhra Pradesh & Yanam on Monday, exactly a month after the normal date. The 2024 season may come to an end, but an easterly wave crossing southern

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