IIP Growth Hits 7.3% in June 2026: Manufacturing Surges 7.8%, Electricity 10.6%

IIP Growth Hits 7.3% in June 2026, Highest in 23 Months; Consumer Demand Weak

India's IIP grew 7.3% YoY in June 2026, the highest in 23 months. However, the growth is driven by capital and infrastructure goods due to government spending, while consumer goods (especially non-durables) show weakness, highlighting a demand-side slowdown amid high prices.

Record Rs 70,278 Crore Toll Collection in FY26: Top 5 States Drive 14.45% Growth

National highway toll collections hit a record Rs 70,278 crore in FY26, up 14.45% from last year, reflecting increased economic activity and highway expansion. Five states (UP, Rajasthan, Maharashtra, Gujarat, Tamil Nadu) account for 49% of total collections. The article also highlights the shift to FASTag and the new Multi-Lane Free Flow (MLFF) system.

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.

₹1.27 Lakh Crore Semicon 2.0 Notified: Boosts Domestic Chip Design, Manufacturing, and R&D

The government notified the operational framework for Semicon 2.0, a ₹1.27 lakh crore program to boost domestic chip design, manufacturing, and supply chain. It includes six pillars, with incentives for chip design, fabrication plants, packaging, and R&D. This is critical for India's semiconductor ecosystem and self-reliance.

New UPI MDR: Flat Rs 5 Charge on Railway Bookings Above Rs 2,000 from Oct 15, 2026

From October 15, 2026, UPI payments above Rs 2,000 for railway tickets will attract a flat Rs 5 Merchant Discount Rate (MDR) instead of the general 0.4% fee. Crucially, this charge is on the merchant side and will not be passed to passengers. This special category concession makes railway ticketing cheaper to process than regular merchant payments.

India's LNG Imports Rise 15.4% in May-July as US, Nigeria, Oman Offset Strait of Hormuz Crisis

India successfully diversified its LNG import sources during the Strait of Hormuz crisis, increasing imports by 15.4% in May-July 2026. The US became the top supplier, while imports from Qatar plummeted 91.3%, highlighting India's energy security strategy amid geopolitical turmoil.

Kudankulam Nuclear Reactor Costs Surge 55%: Impact on India's Nuclear Expansion Plans

Cost of four under-construction nuclear reactors at Kudankulam has risen by 55% to ₹1,38,330 crore, driven by Russia-Ukraine war. This poses a challenge to India's ambitious nuclear expansion plans and could increase electricity tariffs, especially as the government opens the sector to private participation.

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.