India's passenger vehicle industry has endorsed the CAFE III (Corporate Average Fuel Economy) framework, with new CO2 emission limits set to take effect from April 1, 2027. The Society of Indian Automobile Manufacturers (SIAM) confirmed broad industry consensus on the draft norms, describing the guidelines as balanced. The government is expected to issue a final notification shortly. Annual fleet emission improvement targets will run through 2031-32, giving manufacturers a multi-year compliance runway. The phased structure signals a deliberate regulatory design: binding enough to drive product investment, flexible enough to allow fleet transition without immediate disruption. For automakers, the timeline anchors R&D and product planning cycles around electrification and powertrain efficiency upgrades. Compliance failure typically carries financial penalties tied to fleet-wide average performance rather than individual models, concentrating risk on volume manufacturers with emissions-heavy lineups. Investors and analysts should watch the final notification for specific CO2 thresholds and penalty structures, which will determine the true cost of compliance across OEM portfolios.
India's Expenditure Finance Committee has cleared a Rs 1.25 lakh crore outlay for India Semiconductor Mission 2.0, up 64 percent from ISM 1.0's Rs 76,000 crore. The proposal now goes to the Cabinet, as two chip plants begin commercial output and a third, CG Semi, is set to open July 4, 2026.
The Supreme Court blocked Trump from firing Federal Reserve board member Lisa Cook, preserving the Fed's independence from presidential removal power. A separate ruling the same day gave Trump broader authority to dismiss leaders of other independent federal agencies.
The US Supreme Court has blocked President Trump's attempt to fire Federal Reserve governor Lisa Cook, who faced unproven mortgage fraud allegations. The ruling preserves Fed independence for now and keeps a politically charged removal case alive in the courts.
The US Supreme Court, splitting along ideological lines, has allowed the Trump administration to end Temporary Protected Status for Haitian and Syrian immigrants.
