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हिंदी

Current Affairs 2 July 2026

In short

  • India lowers windfall tax on diesel and ATF exports, raises petrol duty
  • India’s manufacturing growth slows to second-lowest pace in four years in June

…and 12 more stories on ECONOMY, GOVERNANCE, SOCIAL, CULTURE.

Top stories

ECONOMY

India lowers windfall tax on diesel and ATF exports, raises petrol duty

India has reduced the windfall tax on exports of diesel and aviation turbine fuel as global oil prices ease. At the same time, the government has raised the duty on petrol exports. The change reflects a recalibration of petroleum taxation in response to market conditions. This is a high-value exam topic because windfall taxes are frequently tested in economy and policy questions. It also connects with international crude price trends and fuel export policy. The differential treatment of fuels is an important detail for MCQs.

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Which fuels saw a reduction in India’s windfall tax?

ECONOMY

India’s manufacturing growth slows to second-lowest pace in four years in June

India’s manufacturing sector expanded at its second-slowest pace in four years in June, according to a survey cited by Reuters. The slowdown was driven by cooling demand for goods, which also weighed on output and hiring. Easing cost pressures provided some offset to the weaker demand environment. This is significant for competitive exams because it relates to manufacturing performance, business activity, and macroeconomic indicators. The result may also be used in questions on the PMI or factory-sector trends. It highlights the balance between growth moderation and easing input costs.

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What caused India’s manufacturing growth to slow in June?

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