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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
Kerala fishers urge PM to order fresh study before deep-s...
2026-05-05 · via Economy News, Latest Economic News Today | The HinduBusinessLine
The Union also urged the government to keep a uniform price tag for consumer pumps and retail pumps in marine outlets

The Union also urged the government to keep a uniform price tag for consumer pumps and retail pumps in marine outlets | Photo Credit: V RAJU

The fishing communities have sought the intervention of the Prime Minister to constitute a committee to study availability of fish resources before issuing permits to companies and vessels for fishing in the high seas.

Paul Rajan Mampilly and Joseph Xavier Kalapurackal, President and General Secretary of Federation of Fishing Boats and Fishery Industries of Kerala pointed out that the committee should have experts from among the traditional fishing community, who have unmatched calibre and expertise to fish in any weather conditions.

The government is reported to be in the process of issuing permits for high sea fishing to companies and big vessels to harness the fish resources from the deep sea. The present arrangement of issuing permits to the existing fishing boats is on the recommendations of study of availability of fish resources in sea waters prior to 2000.

Currently, there are about 3 lakh fishing boats of various sizes operating in the deep sea. If optimum catch for every boat is visualised some 96,000 boats are only required. Hence the volume of fish resources in sea waters and the catch capability in the form of catch brought to shore have to be studied before embarking on issuing permits to companies and vessels.

As there was no study of the resources available in seawaters in the changed weather conditions after 2000, the need of the hour is to appoint a committee of experts to get deep into the availability of fish wealth and the requirement of fishing vessels to be pooled into water.

uniform price tag

The Union also urged the government to keep a uniform price tag for consumer pumps and retail pumps in marine outlets selling fuel to fishing boats . There are two types of diesel outlets in marine areas that sell diesel at different rates and there is a wider price difference, leading to overcrowding and delays in fuel filling. Many boats could not venture out for fishing in the early hours due to overcrowding.

Published on May 5, 2026