The Ministry of Commerce and Industry released the Index of Core Industries data showing that growth in India’s core sectors slowed to 5.4% in July 2026. Despite the deceleration, the July reading was still the second-fastest expansion recorded in the previous seven months, indicating that underlying industrial momentum broadly held up even as the headline pace eased.
The Union government rolled out a foreign asset disclosure scheme for small taxpayers, letting them declare previously undisclosed foreign assets or income. Declarants will pay a 30% tax on the value of the declared undisclosed foreign asset or income, plus an additional amount equal to that tax, effectively taking the total levy to 60% of the declared value.
The HinduWholesale Price Index (WPI)-based inflation eased marginally to 9.78% in July 2026 as prices of food, fuel and power cooled. Officials noted this was the first time inflation dropped month-on-month under the newly revised 2022-23 base year of the WPI series, signalling some moderation in wholesale-level input-cost pressures across major commodity groups.
The HinduThe Insurance Regulatory and Development Authority of India (IRDAI) directed insurers to submit data on premiums, claims and investments for compiling the Index of Service Production (ISP). IRDAI said the details are needed to facilitate the data requirements of the Union Ministry of Statistics and Programme Implementation, which is preparing the ISP to measure services-sector output.
The Hindu
Ministry of Parliamentary Affairs · GODL-IndiaThe Lok Sabha passed the MSME Development (Amendment) Bill without debate. The Bill seeks to address the current challenges faced by the micro, small and medium enterprises sector by improving its administrative structure and facilitating payment mechanisms. The amendment updates the statutory framework governing the development of the MSME sector.
The HinduThe last seven days as one sheet — grouped by syllabus area, every figure worth memorising, and a quiz across the whole week.
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