![Illustration about Economy: The [Ministry of Commerce and Industry] announced a phased transition from the Wholesale Price Index ([WPI]) to a Produc](/_next/image?url=https%3A%2F%2Fstorage.googleapis.com%2Fprepdose-article-images%2Fdaily-read%2F2026-06-03%2Fnew-producer-price-index-set-to-replace-wpi-over-next-five-years-7d43de67.png&w=1200&q=75)
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New producer price index set to replace WPI over next five years
The [Ministry of Commerce and Industry] announced a phased transition from the Wholesale Price Index ([WPI]) to a Producer Price Index ([PPI]) over the next five years. The new [WPI] series, which introduces 2022-23 as the base year replacing 2011-12, will run concurrently with the [PPI] until it is discontinued.
Read on Economic TimesDive Into Study Notes![Illustration about Environment & Ecology: The [Supreme Court] has constituted a high-powered committee (HPC) chaired by the Director General of the [Indian Counci](/_next/image?url=https%3A%2F%2Fstorage.googleapis.com%2Fprepdose-article-images%2Fdaily-read%2F2026-06-03%2Fsupreme-court-forms-high-powered-expert-panel-to-re-examine-aravalli-definition-8d20d246.png&w=1200&q=75)
Must ReadSupreme Court forms high-powered expert panel to re-examine Aravalli definition
The [Supreme Court] has constituted a high-powered committee (HPC) chaired by the Director General of the [Indian Council of Forestry Research and Education] (ICFRE) to independently review the definition and delineation of the Aravalli hill range. This follows a stay on an October 2025 report by a [Ministry of Environment, Forest and Climate Change] (MoEFCC) committee, which the Court deemed to possess 'critical ambiguities' regarding the ecological and scientific assessment of the region, potentially facilitating environmentally disruptive activities like mining.
Must ReadIndia-US trade agreement "99% there", last 1% being finalized: US Ambassador Sergio Gor
The United States Ambassador to India, Sergio Gor, has announced that a landmark India-US trade agreement is in its final stages, with negotiations '99% complete'. The swift progress of the deal is attributed to the strong relationship between Indian Prime Minister Narendra Modi and US President Donald Trump.
Read on Economic TimesDive Into Study Notes![Illustration about Economy: A recent report by [NITI Aayog]’s Frontier Tech Hub highlights the critical need for India to develop a domestic semicon](/_next/image?url=https%3A%2F%2Fstorage.googleapis.com%2Fprepdose-article-images%2Fdaily-read%2F2026-06-03%2Fthe-future-of-indias-chip-industry-09ef0067.png&w=1200&q=75)
Must ReadThe future of India’s chip industry
A recent report by [NITI Aayog]’s Frontier Tech Hub highlights the critical need for India to develop a domestic semiconductor manufacturing industry, despite significant challenges. The report emphasizes the geopolitical necessity of this indigenization effort, particularly given potential supply chain disruptions and national security risks associated with relying on imported chips, and outlines a strategic approach focusing on mature nodes and strategic partnerships rather than exclusively pursuing cutting-edge fabrication.
Read on The HinduDive Into Study Notes
U.S. proposes 12.5% tariff on India and other countries, Indian govt says it ‘remains engaged’ with U.S.
The United States Trade Representative (USTR) has proposed a 12.5% tariff on imports from 54 countries, including India, citing their failure to adequately prevent the import of goods produced using forced labour. This proposed action follows an investigation under Section 301 of the U.S.
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