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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; EU trade deal expected by year-end Dubai limits foreign flights until May 31, letters show, hitting Indian airlines hardest India in talks with 20 more countries to open market access: Piyush Goyal ADB ups India's FY27 growth projections to 6.9% Iran control of Strait of Hormuz in focus as tanker turns back, Trump raises concerns India mulls creating 30-day LPG strategic reserve Fire at Mumbai airport terminal delays flights Lesson from West Asia conflict is to factor-in adverse scenarios while framing policies: Oil Secretary Maharashtra government expands agricultural oversight structure Surging Raw Material Costs Hit PVC and Packaging Industries Hard Unseasonal rain, hailstorms, may drag Indian wheat output by over 5% Milky Mist beats FY26 targets, IPO on track, says CEO Delegation to visit Washington as India, US look to revive trade deal talks Only 10% of Indian key reservoirs are filled over 80% IMF warns of deepening global food crisis as fertilizer prices surge Yara India to ramp up digital strategy to strengthen retailer connectivity War-induced risks cushioned by ample buffer for India: World Bank DGS issues direct pass-through of port concessions to exporters amid West Asia crisis Israel allows import of Indian okra seeds, wants virus-free declaration India now seen as ‘safe anchor’, offers stability, predictability and prospects: Shaktikanta Das CropLife asks farmers to tap zaid season window after rabi loss and below normal monsoon ahead Indian trade delegation to visit Washington this month Construction equipment sales fall 13 per cent in FY26 on project delays, weak execution: FADA El Niño threat puts brakes on FY27 auto growth as rural demand risks rise Indian govt hikes NBS fertilizer rates for kharif season by up to 21% to ₹41,533.81 crore
DGCA Inspects Boeing facility in US to review Air India B787 fuel control switch
Rohit Vaid · 2026-06-26 · via Economy News, Latest Economic News Today | The HinduBusinessLine
Air India Boeing B787-8 Dreamliner

Air India Boeing B787-8 Dreamliner | Photo Credit: viper-zero

A team from India’s aviation safety regulator visited a Boeing facility in the United States earlier this month to inspect the fuel control switch system installed on one of Air India’s Boeing 787 aircraft, sources confirmed to businessline.

Speaking to businessline, sources said officials from the Directorate General of Civil Aviation (DGCA) travelled to one of Boeing’s manufacturing facilities as part of an ongoing inspection process involving the fuel control switch system.

“In early June, a DGCA team visited one of the manufacturing facilities of the OEM (Boeing). The team was in the US at the OEM’s facility,” sources said.

A summary of the analysis carried out during the visit is still awaited from Boeing.

Requests of this nature are consistent with international practice, where regulators seek additional analytical data to strengthen process documentation rather than to address a safety concern.

“The final report on the matter is awaited, since more detailed analytical data is required,” they said.

“These (data points) will be submitted by the OEM.”

When businessline reached out to Boeing for comment, the company said it would defer to the DGCA. Meanwhile, the DGCA, the Ministry of Civil Aviation and Air India did not respond to queries on the matter.

The visit by the DGCA team follows an occurrence involving Air India Boeing 787-8 aircraft VT-ANX, which was grounded on February 2, 2026, after operating flight AI132 from London Heathrow to Bengaluru.

As per the Pilot Defect Report, the left Fuel Control Switch (FCS) was observed to slip from “RUN” to “CUTOFF” when pushed slightly and did not lock positively in the selected position.

Subsequently, Air India carried out inspection and functional testing of the Fuel Control Switches in accordance with procedures prescribed by Boeing and in the presence of DGCA officials.

Upon reviewing the inspection findings and supporting evidence, Boeing concluded that the Fuel Control Switch was mechanically functioning as designed and considered the unit serviceable.

Thereafter, DGCA directed Air India that the involved Fuel Control Switch be inspected at the original equipment manufacturer’s facility in the presence of its officers as part of the continued airworthiness assessment of the component.

Last year, the regulator directed all airlines to inspect the locking mechanism on several Boeing aircraft models following the fatal crash of Air India Flight 171.

Notably, the regulator asked all airline operators to submit inspection reports by July 21, 2025.

The directive was based on a 2018 safety bulletin issued by the US Federal Aviation Administration (FAA), which warned of the potential disengagement of this locking feature.

While the FAA advisory had not been deemed mandatory at the time, it flagged safety concerns on multiple Boeing models, including the 737 and 787 series.

The heightened scrutiny followed preliminary findings from the Aircraft Accident Investigation Bureau (AAIB), which revealed that both fuel control switches on AI171 had slipped from “RUN” to “CUTOFF” just seconds after the aircraft reached its peak speed of 180 knots.

The AAIB has not identified a definitive cause for the slip.

However, aviation experts had zeroed in on the possibility of electrical or software-related faults in the fuel switch mechanism.

The switch in question on AI171 was manufactured by Honeywell and is engaged twice during each flight—once during taxiing for take-off and again after the aircraft comes to a halt at the parking stand.

Published on June 26, 2026