Public Interest Registry or simply known PIR is going to increase the prices of .ORG domain extension by 0.49$ from 1st July onwards. This means if your present registrar is selling the .org extension for 10$/year than from now onwards it will be 10.49$. 0.49 $ is approximately Rs. 28 in Indian currency.
PIR is the organization which is behind the core management of .ORG domain extension. Though this extension is mostly used by NGOs or volunteer organizations, its popularity among domainers is very high. Some experienced domainers consider .ORG to be a more general extension than .NET and hence more premium too.
So if you have .org domains in your portfolio, than renew it before the price increase.