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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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Fertilizer industry consortium welcomes Maharashtra govt move to streamline quality inspections
2026-05-01 · via Economy News, Latest Economic News Today | The HinduBusinessLine
The decisions are practical steps towards improving transparency and efficiency in the agri-input sector, the consortium said.

The decisions are practical steps towards improving transparency and efficiency in the agri-input sector, the consortium said. | Photo Credit: VIVEK PRAKASH

The consortium of fertilizer industry associations, IPNM SPC, has welcomed the Maharashtra government’s decisions to streamline the quality inspections for fertilizers, strengthen quality control and ban bundling of subsidised and non-subsidised fertilizers. 

“The industry views these decisions as a positive step towards building a more transparent, efficient and farmer-focused agri-input system,” it said in a statement.

The decisions were taken at a meeting chaired by State Agriculture Minister Dattatray Vithoba Bharne on April 28, in Mumbai. The decisions are practical steps towards improving transparency and efficiency in the agri-input sector, the consortium said.

A key outcome of the meeting was the rationalisation of the quality control inspection (QCI) system, where responsibilities have been clearly restructured across taluks, district, divisional and state levels. By streamlining the role of inspectors, who inspect the quality of fertilizers and introducing a more structured approach—including part-time inspectors where required—the government has addressed a long-pending demand of the industry, it said. 

“This is expected to reduce duplication, bring clarity and make inspections more effective rather than excessive,” said the consortium.

It said the new framework also brings in a more practical system of inspections. It focuses on planned and need-based checks, supported by technology-driven platforms, along with provisions for randomised inspections and lot-wise sample testing. At the same time, stronger monitoring at higher levels will ensure better coordination and timely action.

Another key decision is the ban on forcibly bundling and selling non-subsidised products with subsidised fertilizers, an issue that IPNM SPC had consistently raised. A policy similar to the recent policy implemented in UP is under active consideration and expected to be notified soon, said the group.

The approach strengthens action against challenges such as black marketing, hoarding and spurious inputs. With better complaint mechanisms at retail points and increased awareness among farmers, the system is expected to become more transparent and accountable at the ground level, it said.

Rajib Chakraborty, from the Soluble Fertilizer Industry Association, welcomed the rationalisation of the inspection system and curb on linking sales as a much-needed step. He said, “Discretionary business registration, product registration and source registration systems in Maharashtra need to be urgently looked upon, enabling importers and manufacturers to support farmers with suitable alternative fertilizers in the face of wartime supply disruptions and the El Niño crisis.”

Dr Suhas Budhe, Policy Advisor, SFIA and Convenor, IPNM SPC, called for a balanced and forward-looking approach, stressing the need for a high level of preparedness to address potential global supply chain disruptions and the El Niño impact. He said the Centre’s push to promote alternative fertilizer use can only be effectively realised by empowering indigenous manufacturing of specialty and organic nutrient solutions, which is currently under strain due to excessive regulatory pressures”.

Dr Rahul Mirchandani, President, Indian Micro Fertilizer Industry Association, said the decision to rationalise inspector powers—limiting oversight to two Quality Control Officers for manufacturers and two inspectors for dealers—marks a significant step toward a more balanced, transparent and efficient regulatory environment.

Vipin Kasliwal, General Secretary, Maharashtra All India Dealer & Distributor Association, said the reforms will not only bring relief to dealers but will also prove highly beneficial for farmers.  

Published on May 1, 2026