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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14 India’s economic growth journey huge opportunity for international partners: Kwatra From diesel to daylight: How government solar schemes are powering India’s farmers The next energy leap: Replicating ethanol’s success in diesel Delhi EV Policy: Electric 3-Wheelers Only by 2027, 2-Wheelers by 2028 Windfall levy on export bound diesel, ATF raised India-flagged LPG tanker Jag Vikram crosses Strait of Hormuz after US-Iran ceasefire Muted pricing power, rising costs to curb benefits of demand in cement sector: HDFC Securities Central Railway to run four special local trains for Ambedkar Jayanti Cotton Association revises output estimates for 2025-26 up at 324 lakh bales of 170 kg each Agtech marketing in the age of regional content and creator communities Rajnath Singh, Nitin Gadkari to join 3-day agri event at Shivraj’s home turf, inaugurated today How agripreneurship will drive improved rural livelihoods in India World’s largest tur producer, yet an importer: A self-sufficiency puzzle unfolding on ground Ethanol in diesel generators: India’s next practical step towards energy security How sustainable sourcing can unlock value in India’s agri-value chains West Asia Crisis: Induction cooking may consume 13-27 GW power Govt defers power plant maintenance for three months; ready for summer demand Tractor sales cross 10 lakh mark in FY26 on strong rural demand, GST cut India to continue buying Russian crude oil India’s textile and garments exports to the US declined 28.7% in February 2026 Why India’s ₹5 pack won’t disappear, but getting smaller West Asia conflict: LPG usage at 21-month low in March E-way bill generation surged all time high of over 14 crore in March Cotton prices firm up tracking global prices Corn prices poised to fall on Iran-US ceasefire pact Air India at critical stage of transformation: Tata Sons Chairman FYL91 commences new flights to Hyderabad, Rajahmundry and Vijayawada Telangana’s GST revenue up 15% in last 3 months ASMS launches agri-commerce network AYOU in Hyderabad Ladakh turns to apricot blossoms to stretch short tourism season Govt proposes overhaul of company incorporation rules to cut paperwork, enable risk-based checks HAL delivers 4 helicopters to Coast Guard Charter services operators urge review of ATF pricing Structural gaps affect growth of India’s high-value horticulture sector: Report Rubio set to visit India in May to discuss trade, tariffs, defence, Quad DGFT rolls out procedure for allocation of calcined coke Qatar vows to remain reliable energy supplier to India amid West Asia tensions Gadkari bats for 100% land acquisition before approving NH projects India must rethink West Asia energy reliance after biggest shock in decades, says ONGC chief Sumeet SSG partners Pinnacle Industries to strengthen Maharashtra’s EMS fleet Consumer durables growth muted as demand slows, margins shrink: HDFC Securities March 2026 was the fourth-warmest month on record, says European weather agency India relaxes rice exports norms to some European countries Unseasonal rains damage rabi crops on 2.49 lakh ha, wheat most affected: Agri Minister ADB projects 6.9% growth rate for current fiscal, 70 bps lower than FY26 India-UK FTA likely by May 1; 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Fast Patrol Vessel 'Achal' commissioned into Coast Guard
2026-05-09 · via Economy News, Latest Economic News Today | The HinduBusinessLine
‘Achal’, the fifth Fast Patrol Vessel (FPV) built by Goa Shipyard Ltd for the Indian Coast Guard during its launch to enhance coastal security and offshore asset protection, in Goa. The ₹473-crore vessel, with 60% indigenous content and dual-class certification, aims to support 'Aatmanirbhar Bharat' and empower MSMEs.

‘Achal’, the fifth Fast Patrol Vessel (FPV) built by Goa Shipyard Ltd for the Indian Coast Guard during its launch to enhance coastal security and offshore asset protection, in Goa. The ₹473-crore vessel, with 60% indigenous content and dual-class certification, aims to support 'Aatmanirbhar Bharat' and empower MSMEs. | Photo Credit: -

Fast Patrol Vessel (FPV) 'Achal' on Saturday was commissioned into the Indian Coast Guard, bolstering the maritime force's operational capabilities, officials said.

'Achal' is the fifth one in a series of eight FPVs being constructed by Goa Shipyard Ltd (GSL) for the coast guard.

The new-generation Adamya-class fast patrol vessel was commissioned into the ICG at Goa Shipyard Limited, marking a "significant capability enhancement," a spokesperson of the force said.

The ship was formally commissioned into service by A Anbarasu, additional secretary and director general (acquisition), in the defence ministry, in the presence of Inspector General Tekur Sashi Kumar, Commander Coast Guard Region (North West), senior officials of the central and state governments, and representatives from the GSL.

The ship will be stationed at Vadinar, Gujarat, operating under the administrative and operational control of the Commander, Coast Guard Region (North West), the spokesperson said.

The vessel will undertake a wide range of missions, including surveillance, interdiction, Search and Rescue (SAR), anti-smuggling operations and pollution response, reinforcing the Indian Coast Guard's role in safeguarding India's eastern maritime frontier.

"The ship is commanded by Commandant (JG) Naveen Kumar, who has a complement of five officers and 34 personnel, trained to operate the vessel's advanced systems and respond to a full spectrum of maritime contingencies," the force said.

'Achal', meaning 'firm', embodies the coast guard's steadfast commitment. "It signifies our resolve to protect life at sea and secure our maritime frontiers." "The commissioning of ICGS Achal is the embodiment of vigilance, resilience, and the indomitable spirit of guardianship over India's maritime domain. Standing resolute, 'Achal' will safeguard national interests and uphold the trust of the people with unshaken dedication," the ICG spokesperson said.

The ship was launched in June 2025.

Designed and built by the Goa Shipyard Limited, this 51-m vessel represents a "new benchmark in indigenous shipbuilding," the spokesperson said.

With more than 50 per cent indigenous components, 'Achal' underscores India's steady progress toward defence self-reliance and highlights the synergy between the coast guard's operational vision and the government's Atmanirbhar Bharat and Make in India initiatives, the official added.

The vessel integrates modern design philosophy focused on efficiency, endurance and rapid response capability.

Powered by two 3000 kW advanced diesel engines, the vessel delivers a top speed of 27 knots and an operational endurance of 1,500 nautical miles, enabling extended missions in India's maritime zones, the coast guard said.

With indigenously developed controllable pitch propellers and high-precision gearboxes, 'Achal' offers improved handling characteristics and "mission adaptability across sea states."

"The ship is armed with a 30 mm CRN-91 gun and two 12.7 mm stabilised remote-controlled guns, supported by advanced target acquisition and fire-control systems," the coast guard said.

A suite of integrated technologies, including an Integrated Bridge System, Integrated Machinery Control System, and Automated Power Management System, enhances situational awareness, system reliability and operational efficiency, the force said.

"The commissioning of ICGS Achal marks another step forward in the service's ongoing fleet expansion, and will contribute substantially towards strengthening coastal security, enhancing operational readiness and supporting the coast guard's charter of responsibilities in the North West Region," it said.

Published on May 9, 2026