![Illustration about Economy: The [Department of Expenditure] under the Ministry of Finance has advised all government ministries to transition from t](/_next/image?url=https%3A%2F%2Fstorage.googleapis.com%2Fprepdose-article-images%2Fdaily-read%2F2026-08-16%2Ffinance-ministry-asks-ministries-to-move-from-wpi-to-ppi-in-future-contracts-08e84a05.png&w=1200&q=75)
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Finance ministry asks ministries to move from WPI to PPI in future contracts
The [Department of Expenditure] under the Ministry of Finance has advised all government ministries to transition from the [Wholesale Price Index] (WPI) to the [Producer Price Index] (PPI) for calculating price escalation in future procurement contracts. The [Ministry of Commerce and Industry] began issuing monthly PPI data for goods and services in June, aiming to phase out WPI over the next five years, aligning with [International Monetary Fund] (IMF) recommendations.
Read on Economic TimesDive Into Study Notes![Illustration about Economy: The [Union Budget 2026-27] announced a new tax amnesty scheme aimed at small taxpayers, including students and Non-Resid](/_next/image?url=https%3A%2F%2Fstorage.googleapis.com%2Fprepdose-article-images%2Fdaily-read%2F2026-08-16%2Findia-opens-tax-amnesty-scheme-for-small-taxpayers-to-declare-select-foreign-assets-3f8025b3.png&w=1200&q=75)
Must ReadIndia opens tax amnesty scheme for small taxpayers to declare select foreign assets
The [Union Budget 2026-27] announced a new tax amnesty scheme aimed at small taxpayers, including students and Non-Resident Indians (NRIs), to declare previously undisclosed foreign assets and income. The scheme allows taxpayers with undisclosed foreign income up to Rs 1 crore to declare it by December 31, 2026, paying a 30% tax and an equal penalty, while those with undeclared foreign assets up to Rs 5 crore (acquired with tax-paid income) can regularize them with a Rs 1 lakh penalty.
![Illustration about Science & Technology: The [Kudankulam Nuclear Power Plant (KKNPP)] in Tamil Nadu has crossed a significant milestone, generating 130.63 billio](/_next/image?url=https%3A%2F%2Fstorage.googleapis.com%2Fprepdose-article-images%2Fdaily-read%2F2026-08-16%2Fkudankulam-nuclear-power-plant-has-generated-13063-billion-units-of-power-c756d547.png&w=1200&q=75)
Must Read‘Kudankulam Nuclear Power Plant has generated 130.63 billion units of power’
The [Kudankulam Nuclear Power Plant (KKNPP)] in Tamil Nadu has crossed a significant milestone, generating 130.63 billion units of electricity since its inception. Currently operating two 1,000 MW VVER reactors with Russian assistance, the plant is constructing four more, underscoring India's strategic push towards expanding its nuclear energy capacity while achieving notable carbon emission reductions.
![Illustration about Economy: [ONGC Videsh Ltd] (OVL) has secured a license from the [Office of Foreign Assets Control] (OFAC) of the U.S. Treasury, a](/_next/image?url=https%3A%2F%2Fstorage.googleapis.com%2Fprepdose-article-images%2Fdaily-read%2F2026-08-16%2Fongc-gets-us-licence-to-resume-full-venezuela-operations-eyes-operatorship-6b70cb4c.png&w=1200&q=75)
Must ReadONGC gets U.S. licence to resume full Venezuela operations, eyes operatorship
[ONGC Videsh Ltd] (OVL) has secured a license from the [Office of Foreign Assets Control] (OFAC) of the U.S. Treasury, allowing it to resume operations and investments in Venezuela.
Read on The HinduDive Into Study Notes![Illustration about Health & Biotech: The Sree Chitra Tirunal Institute for Medical Sciences and Technology ([SCTIMST]) has unveiled 'Chitra Core,' an indigen](/_next/image?url=https%3A%2F%2Fstorage.googleapis.com%2Fprepdose-article-images%2Fdaily-read%2F2026-08-16%2Fsctimst-unveils-chitra-core-its-first-coronary-stent-87533a31.png&w=1200&q=75)
Must ReadSCTIMST unveils Chitra Core, its first coronary stent
The Sree Chitra Tirunal Institute for Medical Sciences and Technology ([SCTIMST]) has unveiled 'Chitra Core,' an indigenously developed coronary stent. The institute has also developed a second stent, 'Chitra TiN,' which is a cutting-edge Titanium Nitride-coated bare metal stent currently undergoing pre-clinical evaluations.
Read on The HinduDive Into Study Notes![Illustration about International Relations: The United States, through [NASA], has invited India ([ISRO]) to participate in its 'Moon Base' program as part of the [](/_next/image?url=https%3A%2F%2Fstorage.googleapis.com%2Fprepdose-article-images%2Fdaily-read%2F2026-08-16%2Fmoon-base-indias-lunar-future-761e5889.png&w=1200&q=75)
Must ReadMoon Base | India’s lunar future
The United States, through [NASA], has invited India ([ISRO]) to participate in its 'Moon Base' program as part of the [Artemis Accords]. This development highlights the increasing militarization and geopolitical competition in space, particularly between the US-led Artemis bloc and the China-Russia-led [International Lunar Research Station] (ILRS), forcing India to balance its strategic autonomy with technological integration.
Read on The HinduDive Into Study Notes
ImportantWhat do the latest White House allegations mean for India? | Explained
A recent U.S. White House report, titled 'The Great Transhipment Scam', has accused India and approximately 40 other nations of facilitating Chinese efforts to bypass U.S.
Read on The HinduDive Into Study Notes
Even as government considers MDR charge on UPI, data shows cash usage quickening in economy
The government is considering allowing a **Merchant Discount Rate (MDR)** charge on [UPI] and [RuPay] debit card transactions, which are currently free, via the proposed [Taxation and Other Laws (Amendment) Bill, 2026]. Concurrently, [RBI] data reveals a complex economic picture: while the growth of [UPI] transaction values is slowing, cash in circulation is growing faster.
Read on The HinduDive Into Study NotesIndia must strengthen shipping capacity, naval protection amid growing chokepoints: GTRI
The Global Trade Research Initiative ([GTRI]) has highlighted the vulnerability of India's international trade to maritime security threats, particularly the ongoing crisis in the Red Sea caused by Houthi attacks on commercial shipping. The disruption, marking a milestone reported by GTRI on August 15, 2026 (based on the article's timeline)., has forced vessels to reroute around the Cape of Good Hope, leading to significantly higher freight rates, longer transit times, and increased insurance costs, disproportionately impacting MSME exporters.
Read on Economic TimesDive Into Study Notes
Must ReadMeta regulates hate speech less in India than globally
Data from Meta’s Transparency Reports reveals a significant disparity in the proactive regulation of harmful content between India and the global average. From October to December 2025, Meta proactively actioned only about 30% of hate speech on Instagram and 33% on Facebook in India, compared to over 74% globally, indicating a heavy reliance on reactive, user-flagged moderation for Indian users, its largest global user base.
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