▶️ Commercial LPG Prices Slashed: Commercial LPG Cylinder Prices Slashed by Rs 183.50 to Rs 2930. Domestic LPG prices remain unchanged.
▶️ Nayara Gives Relief: Nayara Energy with over 7000 outlets across India, slashes petrol price by Rs 5, Diesel by Rs 3.
▶️ Semiconductor Mission 2.0: The Centre approves a massive ₹1.25 lakh crore outlay for India Semiconductor Mission 2.0 to boost chip manufacturing.
▶️ Kharif Sowing Slows: Kharif sowing drops 23% due to delayed monsoon, with paddy acreage witnessing a sharp decline.
▶️ Fiscal Deficit Update: India’s fiscal deficit reaches ₹1.62 lakh crore in April-May, accounting for 9.6% of the FY27 budget target.
▶️ Strategic Oil Push: India plans to expand its strategic petroleum reserves and reduce dependence on Middle East oil after recent geopolitical disruptions.
▶️ Coal India’s Green Shift: Coal India will invest ₹1,900 crore in R&D by 2030 to support clean energy and the sector’s transition.
▶️ EV Policy Boost: Delhi unveils an aggressive EV transition plan with incentives and a proposed ₹7,000 crore investment.
▶️ Export Finance for MSMEs: The Centre is working on a dedicated export finance mechanism to bridge the working capital gap for MSMEs.
▶️ Housing Market Softens: Housing sales in the top seven cities decline 6% in Q2 amid cautious buyer sentiment and global uncertainties.
