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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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APEDA extends deadline for 100% physical vertification of Indian organic farmers till July 3
2026-05-07 · via Economy News, Latest Economic News Today | The HinduBusinessLine

The Agricultural and Processed Food Products Export Development Authority (Apeda) has extended the deadline to July 3 for the 100 per cent mandatory physical verification of Indian farmers cultivating organic crops in all growers’ groups. 

This is the second extension given for the physical verification of farmers, which began on November 3, 2025. In a communication, Apeda said requests were received from the stakeholders for extending the deadline to complete the verification process due to “network issues, updation of grower group farmer records and temporary migration of farmers, among other things.

“The representations and requests were examined, and it has been decided to extend the deadline for completion of the farmer verification process…,” the communication said. 

52% growers covered

Initially, Apeda had given three months deadline for the verification process of farmers. Apeda Chairman Abhishek Dev said so far 52 per cent of the total farmers have been covered under the process.

In July 2022, the government told the Lok Sabha that 25 lakh farmers were engaged in organic cultivation. However, on July 29, 2025, it told the Lower House that per available records, there were 19,29,243 farmers certified by the accredited certification bodies under National Programme for Organic Production (NPOP) under 4,712 active organic grower groups. 

Apeda said that after the expiry of the deadline on July 3, the Tracenet system will not allow any kind of operation for the unverified farmers, including yield updation and sourcing from their lots. 

Riders for tardy growers

In addition, for the grower groups which have verified less than 20 per cent farmers till now should have covered at least 50 per cent by June 3.. 

In case of any default, Transaction Certificates for such groups would not be issued from June 4, till they achieve cent per cent farmer verification in the group before July 3. 

Apeda said it was regularly reviewing the progress at the level of certification bodies. Action would also be taken against such bodies for “slow/unsatisfactory” progress per NPOP regulation.  

Apeda made it mandatory for registration of new organic farmers, renewing the scope certificate that confirms a grower’s compliance and issuing a no-objection certificate (NOC) to switch certification organisations. 

Other norms

Any failure would lead to penalties on the certification body, delay or withholding of transaction certifications and scope certification renewal or registration getting prolonged, said Apeda, which acts as the secretariat of NPOP accrediting certifying bodies, fixing standards and facilitating exports of organic products.

It said there should not be any inconsistency in farmer names or formatting through Aadhaar identification during the verification. In that case, Apeda would or the technical team of Tracenet, the authority’s software system, would have to be informed.

The verification also required farmers to be available for physical verification and ready access to documents, registers, maps and acreage records.

The process requires  every farmer group to appoint a manager acquainted with the internal control system (ICS) of organic farming, registering it under the Companies Act or the Cooperative Societies Act or a similar cooperatives or societies Act. Each group should have a three-member approval committee. 

Apeda will fix the maximum charge a certification body can levy for the verification process. The growers’ group will have to bear the travel and accommodation expenses of the certification body personnel.

An industry source said a farmer group may have to pay ₹2 lakh, including the fees and travel expenses. The charges could be a burden for some groups and could be a reason for the delay. 

Published on May 7, 2026