![Illustration about Economy: The Union Cabinet approved the second iteration of the [India Semiconductor Mission] (ISM 2.0) with an enhanced outlay o](/_next/image?url=https%3A%2F%2Fstorage.googleapis.com%2Fprepdose-article-images%2Fdaily-read%2F2026-07-15%2Fcabinet-approves-127-lakh-crore-for-semicon-mission-20-6a905f88.png&w=1200&q=75)
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Cabinet approves ₹1.27 lakh crore for Semicon Mission 2.0
The Union Cabinet approved the second iteration of the [India Semiconductor Mission] (ISM 2.0) with an enhanced outlay of ₹1.27 lakh crore. This policy expansion aims to catalyze investments of ₹4 lakh crore and domestic production worth ₹2 lakh crore by incentivizing the entire semiconductor value chain, from design to raw materials, advancing India's strategic push for technological self-reliance.
Read on The HinduDive Into Study Notes![Illustration about Geopolitics & Conflicts: The United States and Iran are escalating military confrontations in the [Strait of Hormuz], a critical maritime chokepo](/_next/image?url=https%3A%2F%2Fstorage.googleapis.com%2Fprepdose-article-images%2Fdaily-read%2F2026-07-15%2Firan-threatens-to-halt-west-asia-energy-exports-after-us-reimposes-strait-of-hormuz-blockade-3e43e4db.png&w=1200&q=75)
Must ReadIran threatens to halt West Asia energy exports after US reimposes Strait of Hormuz blockade
The United States and Iran are escalating military confrontations in the [Strait of Hormuz], a critical maritime chokepoint for global energy supplies. The US has reimposed a naval blockade and launched airstrikes in response to Iranian attacks on commercial shipping, while Iran's [Islamic Revolutionary Guard Corps] has threatened to close the strait and target other energy export routes if US aggression continues.
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Must ReadTransgender persons can avail of any of quota benefits available to the marginalised, government tells SC
The Central Government has submitted an affidavit to the Supreme Court stating that transgender individuals can access the existing 50% reservation quotas applicable to SCs, STs, and SEBCs, as well as the 10% EWS quota. This response came during a contempt hearing regarding the non-implementation of the landmark 2014 NALSA judgment, which directed the government to treat transgender persons as socially and educationally backward classes.
Read on The HinduDive Into Study Notes![Illustration about Trade & Commerce: The [Directorate General of Foreign Trade] (DGFT) has amended the [Foreign Trade Policy] (FTP) 2023 to prohibit the impo](/_next/image?url=https%3A%2F%2Fstorage.googleapis.com%2Fprepdose-article-images%2Fdaily-read%2F2026-07-15%2Findia-bans-import-of-goods-made-with-forced-labour-4e24ed94.png&w=1200&q=75)
Must ReadIndia bans import of goods made with forced labour
The [Directorate General of Foreign Trade] (DGFT) has amended the [Foreign Trade Policy] (FTP) 2023 to prohibit the import of goods produced using forced labour. This move, defining forced labour as per the [ILO Forced Labour Convention, 1930], comes amid ongoing negotiations for a bilateral trade agreement (BTA) with the US and potential US tariffs under Section 301.
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Must ReadAfter ninth seafarer death, Centre moves to track every Indian at sea, liaison officers for each affected family
Following the deaths of nine Indian seafarers and repeated attacks on commercial vessels in West Asia, the [Ministry of Ports, Shipping and Waterways] announced measures to track every Indian at sea. The government will establish an operational dashboard for real-time vessel monitoring and appoint liaison officers to assist affected families, coordinating with international missions and maritime stakeholders.
Read on Indian ExpressDive Into Study Notes![Illustration about Economy: The [Ministry of Statistics and Programme Implementation] ([MoSPI]) has launched a new monthly economic indicator, the [](/_next/image?url=https%3A%2F%2Fstorage.googleapis.com%2Fprepdose-article-images%2Fdaily-read%2F2026-07-15%2Fnew-isp-14-of-19-sectors-see-double-digit-growth-in-april-e92ae49e.png&w=1200&q=75)
Must ReadNEW ISP: 14 of 19 sectors see double-digit growth in April
The [Ministry of Statistics and Programme Implementation] ([MoSPI]) has launched a new monthly economic indicator, the [Index of Services Production] ([ISP]), with a base year of 2024-25. This index tracks output across 19 key services sectors, providing crucial, high-frequency data for over half of India's economic output, mirroring the role of the [Index of Industrial Production] ([IIP]) for the manufacturing sector.
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Must ReadWhat are the gains from the India-U.K. trade deal? | Explained
The India-U.K. Comprehensive Economic and Trade Agreement (CETA) and the Double Contribution Convention (DCC) have officially come into effect, one year after signing.
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US Russia sanctions bill: The proposed 100% tariff and what it could mean for India
A bipartisan group of US senators has introduced a revised version of the Russia sanctions bill, proposing a 100% tariff on the top five buyers of Russian oil and natural gas, including India. This legislation aims to curtail Russia's revenue from energy exports following its invasion of Ukraine but presents significant economic and diplomatic challenges for New Delhi, which has increasingly relied on discounted Russian crude to ensure its **energy security** amidst global supply volatility.
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Must ReadIndia-U.S. defence technology ties — big ambitions, little delivery
This editorial analyzes the gap between the ambitious political rhetoric surrounding India-U.S. defence technology cooperation and the actual industrial outcomes.
![Illustration about Economy: The [Directorate General of Foreign Trade] (DGFT) has amended the [Foreign Trade Policy, 2023] to create a legal framewo](/_next/image?url=https%3A%2F%2Fstorage.googleapis.com%2Fprepdose-article-images%2Fdaily-read%2F2026-07-15%2Fforced-labour-explained-why-india-changed-its-import-policy-b3703846.png&w=1200&q=75)
Must ReadForced labour explained: Why India changed its import policy
The [Directorate General of Foreign Trade] (DGFT) has amended the [Foreign Trade Policy, 2023] to create a legal framework that allows the central government to prohibit the import of goods produced wholly or partly using forced labour. This move aims to align India's trade rules with international labour standards, addressing global concerns and potential trade barriers, such as the [US Section 301] investigations.
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