Finance Ministry Exempts 4 Chinese Power Equipment Firms from Bid Clearance for 2 Years

Govt to Mandate Design-in-India Chips for Smart Meters by Mid-2028, 7.24 Cr Installed

The government plans to mandate domestically designed and manufactured chips in smart meters by mid-2028 to counter cybersecurity threats and reduce import dependence. With 7.24 crore smart meters already installed under various schemes, this move also aims at cost reduction and grid modernization under the new National Electricity Policy.

Viksit Bharat: States, Finance Ministry Discuss Agricultural Exports, Energy Transition, Private Investment

Union Finance Ministry held a first-of-its-kind conference with state finance ministers on 'Financing India's Journey towards Viksit Bharat'. Key discussions included boosting agricultural exports, addressing logistical gaps, energy transition challenges, and the need for private sector investment. The conference highlighted examples like Meghalaya flowers vs Vietnam and sesame seed value addition, emphasizing India's untapped export potential.

ONGC to Reserve 50% of 1.75 MMT Mangaluru Storage for Strategic Petroleum Reserves

ONGC will reserve 50% of its 1.75 MMT Mangaluru oil storage facility as strategic storage, while the rest will be used commercially. India's current storage capacity covers 74 days of net crude import requirements, and the government is planning 6.5 MMT more at Chandikhol and Padur. This is a key energy-security move relevant to infrastructure and strategic reserves questions.

India's Proposed 28 MT Crude, 9 MT LNG, 4 MT LPG Strategic Fuel Reserves

India is considering a decade-long strategic fuel programme to add 28 MT crude, 9 MT LNG and 4 MT LPG storage to buffer energy shocks. The plan is still a proposal, and analysts stress that storage alone cannot ensure energy security—deliverability through ships, pipelines and governance matters equally.

Tax Exemptions for Foreign Firms Extended to 2041, Boost for Apple's India iPhone Manufacturing

India has extended tax exemptions for foreign companies supplying machinery to contract manufacturers until 2041, a major win for Apple which is scaling iPhone production. The move also covers component storage in customs-bonded areas and eases rules for data centers, aiming to boost manufacturing and exports.

Govt Sets 63,810 Tonnes/Day LPG Production Target for 21 Refineries to Cut Import Dependence

India has, for the first time, fixed maximum LPG production targets for 21 refineries (63,810 tonnes/day) to build a domestic supply buffer after the 2026 West Asia crisis exposed the country's 64% import dependence. Reliance's DTA refinery gets the largest private quota (18,000 tonnes/day), while public sector units must produce 31,470 tonnes/day. The move creates a standing framework to prevent future shortages and rationing.

Private Players Seek Green Energy Status for Nuclear Power; 100 GWe, $228 Bn Target by 2047

Private players are pushing for nuclear power to be classified as 'green energy' to unlock green bonds, green loans, and blended finance. NITI Aayog is reviewing existing green finance frameworks (MoF, RBI, SEBI) to include nuclear energy. India targets 100 GWe nuclear capacity by 2047, requiring $228 billion investment.

India's Peak Power Demand Hits 269 GW in September 2026 Due to 15% Rainfall Deficit and El Niño

India's peak power demand touched 269 GW on September 10, 2026 — the highest ever for September — driven by persistent heat, a 15% monsoon rainfall deficit, and El Niño conditions. This has led to a sharp rise in coal and gas-based generation, squeezing supply and pushing market prices up from Rs 2.86/unit to Rs 7.48/unit.