India's Petroleum and Natural Gas Regulatory Board (PNGRB) has launched competitive bidding for nine LPG pipeline projects totaling approximately 2,500 km, targeting Rs 12,500 crore in capital investment. Four of the nine pipelines are currently in active bidding, with the full network designed to link refineries and import terminals directly to bottling plants. The initiative explicitly frames road tanker transport as the risk and cost problem it intends to solve. By routing LPG through dedicated pipelines, PNGRB expects to reduce transit losses, lower greenhouse gas emissions, and eliminate the accident and spillage risks inherent in bulk road movement. The regulatory rationale is also economic: pipeline infrastructure typically lowers per-unit distribution costs over time, improving unit economics for the downstream bottling and distribution chain. PNGRB has set 2030 as the target year for eliminating bulk LPG road transportation entirely, giving investors and operators a defined policy horizon. Employment generation and regional development are cited as secondary objectives. Bidders and infrastructure investors should track award timelines for the remaining five pipeline projects, which will determine whether the full 2,500 km network stays on schedule.
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.
