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Latest News on Economy Policy, Government, Trade Policy | The HinduBusinessLine

MSME Ministry reviews impact of West Asia crisis on small businesses MoSPI releases uniform guidelines for district domestic product estimates Govt notifies changes in Immigration and Foreigners Rules, 2025 Hindustan Copper approves Lohum deal to restart Gujarat Copper Plant Govt notifies two special economic zones in Puducherry India Inc gets a new CSR avenue through the Zero Coupon Zero Principal instrument Social security push gathers pace as India’s gig workforce expands rapidly Government to launch coal gasification-based urea policy within a month Centre forms panel on demographic change linked to illegal immigration Telangana Cabinet clears new life sciences policy 2026-30 NCLAT says NCLT cannot directly order SFIO investigation under Companies Act CAG urges AI-driven monitoring to detect corruption and bid rigging in government tenders CAFE III norms likely by May-end despite E25 recalibration Centre appoints new senior officials in NTA amid NEET-UG paper leak probe Indian government hikes minimum support prices for kharif crops; raises paddy rate by 3% Government may allow firms to engage up to 25% apprentices with safeguards Government rules out curbs on international card use and gold imports IFGE welcomes Maharashtra Compressed Biogas Policy 2026 India must integrate crude, gas, LPG and battery storage under one policy: S&P Global's Gauri Jauhar India may take middle path, unlikely to remove import duty on cotton India extends MIP on virgin multi-layer paper board till September 2026 Centre appoints Joram Aniya, R Balasubramaniam as NITI Aayog members India allows FDI via automatic route for firms with up to 10% Chinese stake Power Ministry mandates phased rollout of local content in HVDC substations Govt reduces diesel, ATF export duties; no change in petrol duty Vodafone Idea AGR dues cut to ₹64,046 crore as government grants 27% relief India to notify eased FDI norms under FEMA, allows firms with up to 10% China stake Railways, Military, FCI should buy food products from FPOs, recommends NAAS study CII calls for comprehensive reform of industrial land management Cabinet extends PMGSY-III till 2028 with Rs 83,977 crore outlay Govt hikes DA to 60% for central employees and pensioners Govt forms high-level inter-ministerial body to steer AI governance strategy Women’s Reservation Act 2023 comes into force, implementation tied to census and delimitation Green energy players in a fix over ‘retrospective’ component in mechanism to maintain grid discipline EV purchases may be deferred in near term but see sharp uptick in sales after EV policy implementation: Axis Direct Govt enhances C3, C4 allocation for pharma, packaging chemical sectors to 1,000 tonnes/day Lok Sabha expansion to 850 seats: ‘delimitation-first’ model triggers federal concerns China says policy to improve relations with India remains unchanged amid Arunachal naming row West Asia Conflict: Govt hints at 21% ethanol blending PM Modi says Parliament set to amend Women’s Reservation Act for 2029 implementation Delhi EV Policy: Electric 3-Wheelers Only by 2027, 2-Wheelers by 2028 India withdraws bid to host COP33 climate summit in 2028 Coal Ministry allows insurance surety bonds to replace bank guarantees Centre plans ₹2.5 lakh crore credit guarantee scheme to support stressed sectors Government amends mining rules to boost critical mineral exploration and self-reliance West Asia conflict: Centre doubles supply of 5 kg cylinders for migrant labourers India delays induction hob star labelling norms to January 2027 to boost electric cooking Govt raises gas supply to fertiliser units, industries to 90% from April 6 Govt to release ₹17,500 crore LPG compensation to OMCs in FY27 West Asia war may impact India’s exports, Centre works to stabilise supply chains Centre mandates annual iGOT training for employees, links it to appraisal India may cut import duties, regulate exports to ensure domestic supply Scindia sets one-week deadline for postal pension integration with SAMPANN India restricts imports of gold and silver jewellery to curb FTA misuse India exempts pre-2017 investments from GAAR, easing concerns after Tiger Global ruling LS passes insolvency law amendments; 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India may set up labs to certify natural farming produce, says Narendra Modi
2026-03-06 · via Latest News on Economy Policy, Government, Trade Policy | The HinduBusinessLine
Prime Minister Narendra Modi addresses a post-budget webinar on 'Agriculture and Rural Transformation' in New Delhi on Friday.

Prime Minister Narendra Modi addresses a post-budget webinar on 'Agriculture and Rural Transformation' in New Delhi on Friday. | Photo Credit: ANI

Prime Minister Narendra Modi said on Friday that the government is considering establishing laboratories to certify agricultural produce grown using ‘natural farming’ technology to help Indian produce reach global markets. Currently, certification exists only for organic produce, which is also chemical-free and must meet specific procedures to be labelled ‘organic.’

Addressing a post-budget webinar on ‘Agriculture and Rural Transformation,’ Modi said: “There is a lot of interest in holistic healthcare, and within that, organic diets and organic food. In India, we must emphasise chemical-free agriculture and natural farming.” He further emphasised that natural farming, with its chemical-free products, creates a pathway for India to reach the global market.

“The government is considering certifications and laboratories for this purpose. But please share your thoughts on this,” Modi told the participants.

Focus on certification

The stress on natural farming and organic produce amid the current war against Iran also underscores the government’s focus, as there has been continuous growth in the use of chemical fertilisers and pesticides despite periodic schemes announced over the last 12 years.

Fertiliser demand rises

Urea sales during April–December 2025-26 increased 3.8 per cent to 31.16 million tonnes (mt), compared with 30.02 mt in the corresponding period last year, according to Fertiliser Association of India (FAI) data. However, domestic urea production during the same period slid 3 per cent to 22.44 mt, while imports rose 85.3 per cent to 8 mt. Urea imports, which are completely controlled by the government, dropped 20 per cent to 5.65 mt in 2024-25 from 7.04 mt in 2023-24.

Gas supply priority

The government has already asked companies to prioritise the supply of gas to domestic consumers for cooking fuel, followed by fertiliser companies for urea production, for which liquefied natural gas (LNG) is the key raw material.

Boost farm exports

Modi also called for a “unified approach involving experts, industry, and farmers to meet global quality and branding standards,” and appealed to stakeholders to set clear goals to connect local farmers with global markets.

“Today, world markets are opening up, and global demand is changing. This webinar should also focus on making our agriculture export-oriented. We have a diverse climate and are very rich in agro-climatic zones; we must take full advantage of this,” he said. To mitigate risks, the Prime Minister advocated for crop diversification and said that states must be inspired to fulfil their budgetary responsibilities.

High-value crops focus

Commenting on the Budget proposals, he said that they offer countless new opportunities. “It sets the direction for increasing productivity and fostering export strength. We focused on high-value agriculture. We discussed the region-specific promotion of products like coconut, cashew, cocoa, and sandalwood. Our southern states, especially Kerala and Tamil Nadu, produce a lot of coconut. But now, those crops and trees are so old that they no longer have that capacity. This year, the farmers of Kerala and Tamil Nadu should benefit from the special emphasis placed on coconut,” he said.

The Budget for 2026-27 has also focused on high-value agriculture, including cashew, cocoa, and sandalwood, Modi said, adding that the National Mission on Edible Oil and Pulses and the National Mission on Natural Farming are all strengthening the agriculture sector. He also highlighted the budget proposal to promote Agarwood in the North East and temperate nut crops in the Himalayan states.

“If we scale high-value agriculture together, it will transform agriculture into a globally competitive sector,” Modi said.

Blue economy potential

He also noted that India is the world’s second-largest fish producer, with an annual production of about 4.5 lakh tonnes from reservoirs and ponds. However, there is potential for an additional 20 lt of production, he said, adding: “Fisheries can become a major platform for export growth.”

The Prime Minister emphasised the need for new business models in hatcheries, feed, and logistics to realise the potential of the ‘Blue Economy,’ saying it can become a high-value, high-impact sector for rural prosperity.

Published on March 6, 2026