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Cabinet clears Rs 14,115 crore highway projects in Delhi, UP; approves Rs 6,970 crore 6-lane Dwarka tunnel

TazaPulseJuly 1, 2026

NEW DELHI: The Union Cabinet on Wednesday approved two major highway infrastructure projects worth a combined Rs 14,114.81 crore, including a Rs 6,969.67 crore tunnel project in Delhi aimed at easing congestion and a Rs 7,145.14 crore greenfield highway corridor in Uttar Pradesh.Announcing the decisions, Union minister Ashwini Vaishnaw said the Cabinet Committee on Economic...

RBI’s net short forward position hits record $106.6 billion amid rupee pressure

TazaPulseJuly 1, 2026

The rupee had slipped to a record low of 96.96 against the US dollar on May 20. According to market participants, repeated RBI intervention prevented the currency from breaching the psychologically important 97-per-dollar mark. After sustained intervention by the Reserve Bank of India’s (RBI) to support the rupee during a period of heightened volatility triggered...

Hormuz oil shock sends India back to Russia: Is this a peak or the new normal?

TazaPulseJuly 1, 2026

It is clear that Russia continues to be India’s single most important crude supplier and remains at the core of the country’s import strategy. (AI image) The US-Iran war has pushed India’s crude oil imports from Russia to an all-time high – beyond levels seen when Russian crude was available at big discounts in the...

Delhi Electric Vehicles Policy 2026: Delhi EV Policy 2026: Financial incentives, digital transparency and key changes explained

TazaPulseJuly 1, 2026

The policy will remain in force until March 31, 2030 The Delhi government on Wednesday officially notified the Delhi Electric Vehicles Policy 2026, setting in motion an ambitious roadmap to accelerate electric vehicle (EV) adoption, improve air quality and strengthen the capital’s electric mobility ecosystem.According to the notification, the policy comes into effect from July...

ukrainian drone attacks on oil refineries plunge russia into a summer fuel crisis

‘Long queues at petrol stations’: How Ukraine’s drone strikes are hitting Russia’s fuel supply

TazaPulseJuly 1, 2026

Signs reading in Russian “We are sorry, the equipment is temporarily out of service” are seen on gas pump nozzles at a Gazprom Neft gas station in Moscow (AP photo) Russia is facing an unprecedented fuel shortage after months of Ukrainian drone strikes damaged oil refineries and disrupted supplies, leading to fuel rationing, long queues...

Nayara Petrol Price: Nayara Energy cuts petrol price by Rs 5 per litre, diesel rates slashed by Rs 3; first fuel price reduction in over 2 years

TazaPulseJuly 1, 2026

Nayara Energy cuts fuel and diesel prices NEW DELHI: Nayara Energy, India’s largest private fuel retailer, on Wednesday announced a reduction in petrol and diesel prices. Petrol prices have been cut by Rs 5 per litre and diesel by Rs 3 per litre across its nationwide retail network, becoming the first fuel retailer in more...

GST at 9: Making India’s auto tax framework fit for the next gear

TazaPulseJuly 1, 2026

Multiple indirect taxes have given way to a simpler structure, with 5% GST on electric vehicles, 18% as the standard rate for most vehicles. (AI image) By Parul Nagpal, Tax Partner, EY IndiaIndia’s automobile industry is entering an exciting phase of growth. Today, India is the world’s third-largest automobile market, contributing nearly 7% to GDP...

Commercial LPG cylinder prices slashed by Rs 183.50 from July 1: Check city-wise rates

TazaPulseJuly 1, 2026

Commercial LPG cylinder to now cost Rs 183.50 from July 1 NEW DELHI: Commercial LPG prices have dropped by Rs 183.50, effective July 1. This marks an ease for commercial users, including hotels, vendors etc. The price of the 19-kg commercial LPG cylinder has been slashed by Rs 183.50 from Wednesday, bringing its price in...

Trump gains $1.4 billion from crypto: How digital currency investment expanded US president’s fortunes

TazaPulseJuly 1, 2026

Donald Trump gains $1.4 billion from crypto (AP) US President Donald Trump’s latest financial disclosure has revealed a dramatic shift in the source of his wealth, with cryptocurrency emerging as the biggest contributor to his income.The annual disclosure filed with the US office of government ethics showed Trump reported more than $1.4 billion in income...

Reorient agriculture pricing policies, rain deficit a concern: Finance ministry

TazaPulseJuly 1, 2026

MUMBAI: Amid a prediction of below normal monsoon season, which has resulted in 22% decline in total area sown under kharif crop in June, finance ministry has called for the need to “reorient” agricultural pricing policies to incentivise the cultivation of climate-resilient crops and disincentivise water intensive ones, along with building water buffers. “The weak...