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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; 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RSS-affiliated farmer body seeks denotification of Bt cotton seeds
Prabhudatta Mishra · 2026-06-24 · via Economy News, Latest Economic News Today | The HinduBusinessLine
The BKS said that Indian cotton prices have significantly declined after the government abolished 11 per cent import duty till October 31

The BKS said that Indian cotton prices have significantly declined after the government abolished 11 per cent import duty till October 31 | Photo Credit: NAGARA GOPAL

RSS-affiliated Bharatiya Kisan Sangh on Tuesday demanded denotification of Bt Cotton seeds and suggested adoption of indigenous technology to save the cotton sector as the country has started depending on imports. Cautioning the government against approving the controversial herbicide-tolerant HT Bt cotton, BKS has threatened to launch agitation if the government proceeds with permission for the controversial variety.

The announcement made by BKS general secretary Mohini Mohan Mishra assumes significance as the US Trade Representative, Jamieson Greer, is in India to hold discussions on the proposed free trade agreement (FTA), in which genetically modified (GM) crops are a major bone of contention.

The BKS said that Indian cotton prices have significantly declined after the government abolished 11 per cent import duty till October 31.

‘Ban completely’

“We demand that Bt cotton varieties (BG-I and BG-II) be de-notified with immediate effect. A complete ban should be imposed on all GM crops in the country. Besides, a thorough investigation should be conducted against those who have misled farmers by promoting misleading and false narratives in favour of Bt cotton,” Mishra said, seeking that strict punitive action be taken against them.

Addressing the media in New Delhi, he alleged that the decline in cotton production in the country was solely due to the adoption of Bt cotton in 2002. Shared a letter that BKS has written to the Union Agriculture Minister Shivraj Singh Chouhan seeking his intervention; he termed the narrative being promoted by supporters of GM crops as misleading.

According to him, Bt cotton was never a high-yielding crop, and secondly, contrary to claims, it has completely failed to control the pink bollworm (PBW) pest. “The introduction of Bt cotton has led to the disappearance of traditional and indigenous cotton varieties that were suited to India’s diverse agro-climatic regions, resulting in a significant decline in overall production,” he said.

Suggesting that India must return to its high-yielding indigenous cotton varieties and traditional agricultural practices to overcome this crisis, he alleged that due to the influence and pressure of foreign companies, excessive use of chemicals in agriculture has made agricultural produce increasingly toxic.

The growing use of chemicals such as glyphosate and paraquat dichloride is causing diseases like cancer to assume epidemic proportions, which is a matter of serious concern for the general public. He called for a ban on their use.

Farmer leader Shrirang Dada Lad, who has been recognised by the government with a Padma Shri for developing technology to increase cotton production, stated that cotton farmers need training in improved indigenous seeds and cultivation techniques to become self-reliant rather than relying on GM seeds.

He proposed that he is willing to provide nationwide training in this cotton production technology, which has been certified by the Indian Council of Agricultural Research (ICAR). He urged the government to support efforts to make the technology accessible to all farmers.

Published on June 23, 2026