🗞️ India Doubles Down on Chips
The government has approved Semiconductor Mission 2.0 with a $13.21 billion push to accelerate chip manufacturing and strengthen India’s semiconductor ecosystem. The initiative aims to reduce import dependence while attracting global manufacturers and boosting domestic production.
The investment reinforces India’s ambition to become a key player in the global semiconductor supply chain, a sector critical for electronics, AI, automobiles, and defence.
💬 Expert Take — “Semiconductors are becoming the backbone of modern economies. India’s long-term competitiveness will increasingly depend on how successfully it builds domestic chip capabilities.”
🗞️ GST Collections Hit a 13-Month High
India’s GST collections rose to ₹1.95 lakh crore, recording the fastest annual growth in 13 months.
The strong collections indicate resilient economic activity, healthy consumption, and improving tax compliance, providing additional fiscal room for government spending.
💬 Expert Take — “Strong GST collections are one of the clearest real-time indicators of economic momentum. Consistent growth also strengthens the government’s fiscal position.”
🗞️ Cabinet Approves ₹30,000 Crore Boost for NIIF
The Union Cabinet has approved an additional ₹30,000 crore investment in NIIF to support new fund creation.
The additional capital is expected to accelerate investments across infrastructure and strategic sectors while attracting greater private and global institutional participation.
🗞️ Europe Launches UPI Remittance Corridor
Eurobank has introduced a UPI-based remittance service, enabling customers in Greece to send money directly to India using UPI.
The launch marks another milestone in UPI’s international expansion and strengthens India’s global digital payments footprint.
🗞️ Government Seeks Clarification From WhatsApp
The government has issued a notice to WhatsApp over its recently introduced username feature.
Authorities are seeking clarity on privacy, identity verification, and regulatory compliance before wider adoption.
🗞️ Commercial LPG Prices Reduced
The price of a 19-kg commercial LPG cylinder has been cut by ₹183.50 from July 1.
The reduction is expected to provide cost relief for restaurants, hotels, and other commercial establishments.
🗞️ Fuel Prices Reduced at Nayara Pumps
Nayara Energy has reduced petrol and diesel prices at its retail outlets following softer global crude oil prices.
Lower fuel prices could help ease transportation costs and contribute to softer inflation if sustained.
🗞️ Coal India Expands R&D Investment
Coal India plans to invest ₹1,900 crore in research and development through FY2030.
The company will focus on cleaner mining technologies, operational efficiency, and innovation to support its long-term transition strategy.
📊 Market Update
📈 Sensex: 76,922.64 ▲ 443.97 (+0.58%)
📈 Nifty 50: 24,005.85 ▲ 140.10 (+0.59%)
🪙 Gold (per gram)
24K: ₹14,078 ▼ ₹126
22K: ₹12,905 ▼ ₹115
18K: ₹10,559 ▼ ₹94
🥈 Silver: ₹2,40,000/kg ▲ ₹5,000