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#Indian Economy
Lok Sabha Passes Bill Allowing Banks to Levy Charges on UPI
The Taxation and Other Laws (Amendment) Bill 2026 would help the government tweak the zero-MDR regime applicable on the Unified Payments Interface (UPI) and RuPay without having to introduce charges immediately. The move is an attempt to bring more flexibility into the system in light of India-US trade worries.
Taxation and Other Laws (Amendment) Bill, 2026 Introduced in Lok Sabha
The Taxation and Other Laws (Amendment) Bill, 2026 is an effort towards bringing a contemporary Indian taxation system which can help improve tax certainty, bring in foreign investments, improve digital payment systems and infrastructure and restore tax benefits on REITs and InvITs, besides substituting the Income-tax (Amendment) Ordinance, 2026.
Rajya Sabha Passes MSME Development (Amendment) Bill, 2026
The MSME Development (Amendment) Bill, 2026 encourages digitisation and invoice financing through TReDS, as part of an effort to enhance MSME liquidity and formalisation. It aims to facilitate quick payments and develop the digital economy. It will be successful based on the following factors: greater use of TReDS, implementation, digital literacy, and financial inclusion of MSMEs.
Industrial growth hits 23-month high of 7.3%
Industrial production in India increased by 7.3% in June 2026, marking the highest growth rate since August 2024. It is necessary to maintain this trend while managing the concerns surrounding the monsoon, inflation, geopolitics, and logistics.
The Rupee is No Longer Overvalued
The rupee is undervalued, making India competitive in exports and manufacturing. Yet, import prices, inflation, and other risks pose difficulties. This calls for a stable currency exchange rate, increased exports, and structural reform.
India’s Total Exports Reach Record $863.1 Billion in 2025-26
India recorded an all-time high of US$863.1 billion for its exports in fiscal year 2025-26, owing to its robust performance in merchandise exports, service exports, FTAs, and digital trade facilitation. Even when faced with obstacles such as global slowdown, protectionism, and logistics costs, India will continue to grow through exports owing to its FTAs, manufacturing, infrastructure, and MSMEs.
Fiscal Health Index (FHI) 2026
Fiscal Health Index (FHI) 2026 of NITI Aayog is a rating tool for evaluating the fiscal performance of 28 States for FY 2023-24 based on four criteria – quality of expenditure, revenue generation, fiscal prudence, and debt management. It helps to promote fiscal responsibility, sustainability of public finance, transparency, and cooperative federalism.
India's F&O Boom Needs Adequate Protections
The futures and options market in India has shown remarkable growth to become one of the biggest derivative markets in the world. But with increasing participation from retail customers, especially new and inexperienced traders, there have been considerable financial losses, indebtedness, and suicide cases reported.
Index of Services Production (ISP)
The Index of Services Production (ISP), which is set to be launched in July 2026, is the first monthly indicator in India that measures the production in the formal services sector. ISP is an addition to the existing index, IIP, but excludes informal sector services and some government services.