ICAR is set to sign a memorandum of understanding this month with US‑based Corteva, the holder of the CRISPR‑Cas9 license, paving the way for cultivation of Pusa DST Rice 1, India’s first gene‑edited rice variety. The variety, engineered for drought and salinity tolerance, promises yields up to 40% higher than conventional seeds, offering a climate‑resilient boost for millions of rabi‑season farmers.
India’s aviation turbine fuel consumption fell 4% month‑on‑month to 699,000 tonnes in July, the lowest since Dec 2023. Domestic flights dropped 8.6% and international schedules 6.7%, as carriers trimmed capacity amid monsoon disruptions. The dip hints at softening passenger demand and could pressure airline earnings.
Rating agency ICRA now assumes crude oil will average $95 a barrel in FY27, up from $85. The higher fuel cost forced it to trim India’s FY27 GDP growth forecast to 6.2% from 6.5%, pressuring cost‑intensive sectors such as cement.