Maharashtra Tops GSDP at ₹45.32 Lakh Crore; Arunachal Lowest at ₹4,423 Cr in FY 2025 as India's GDP Growth Hits 7.4%

Maharashtra Proposes DELTA Act for Land Tokenisation; Asset Base Estimated at ₹50 Lakh Crore

Maharashtra is set to become India's first 'tokenised State' by proposing the DELTA Act, which creates a legal framework to convert land ownership into blockchain-based digital tokens. This could unlock an estimated ₹50 lakh crore in state land value and set a template for national adoption of Real World Asset (RWA) tokenisation across gold, bonds, and carbon credits.

Tamil Nadu Panel on Revenue: Adopt IMF Standards for Sustainable Fiscal Management

Tamil Nadu has set up a high-level Revenue Augmentation Committee chaired by Montek Singh Ahluwalia, marking a potential shift in how Indian states define and manage revenue. The committee is tasked with strengthening own-tax and non-tax revenues, but the deeper significance lies in its opportunity to adopt international standards (IMF GFSM 2014) that clearly distinguish revenue from borrowing and asset sales. This could set a benchmark for fiscal transparency and sustainability across states.

Telangana, Maharashtra, Haryana Hive Off Agri-DISCOMs: ₹6.77 Lakh Crore Losses, Farm Subsidy Burden

States like Telangana, Maharashtra, and Haryana are segregating agricultural consumers into separate DISCOMs to isolate mounting debt and subsidy burdens, enabling balance sheet cleanup of existing utilities. This raises concerns about financial viability of agri-DISCOMs and potential privatisation of profitable segments, with total DISCOM accumulated losses at ₹6.77 lakh crore.

Make in India 12-Year Review: PLI Schemes Show Concentration, Manufacturing Growth Patchy

Make in India completes 12 years with mixed results: manufacturing growth has been inconsistent, PLI schemes attracted ₹2.4 lakh crore but concentrated in top 5 sectors, employment impact limited to 8.5 lakh direct jobs. Key data for exams: non-petroleum exports grew 53% to $388.3B, capacity utilisation remains below 80%.

Taxation and Other Laws Bill 2026 Allows MDR on UPI & RuPay Payments for Large Merchants

The government has introduced the Taxation and Other Laws (Amendment) Bill, 2026 to allow charging of Merchant Discount Rate (MDR) on UPI and RuPay debit card payments, especially for large merchants. This could end the zero-MDR regime for UPI, impacting millions of transactions. However, only 4% of P2M UPI transactions exceed Rs 2,000, so most users won't be affected.

₹38,000 Cr Greenfield Shipyard in Thoothukudi: India's First Mega Shipyard

India's first mega greenfield shipyard is proposed at Thoothukudi with an investment of ₹38,000 crore. This project is a strategic move to boost domestic shipbuilding capacity, create a maritime manufacturing hub, and generate significant employment in southern Tamil Nadu.

World Bank ED Neelkanth Mishra: India Needs 10% Growth for Full Employment, AI Can Disrupt Education

Neelkanth Mishra, India's Executive Director at the World Bank, argues that India cannot create enough jobs for all at current growth rates, requiring 10% real growth for full employment. He highlights rising inequality as a natural outcome of labour surplus and capital shortage, and advocates democratising access to capital. He also discusses India's energy vulnerability, rupee stability, and the transformative potential of AI in education.

India's 8% GDP Growth Amid West Asia Shock; Structural Reforms Key for Sustained Growth

India's GDP growth is expected at 8% despite the West Asia conflict, driven by fiscal-monetary stimulus and export growth. However, fixed investment remains stagnant at 32% of GDP, and corporate capex is low. The article stresses urgent structural reforms to boost consumption, exports, and private investment for long-term growth. Essential for understanding current economic challenges and policy priorities.