LPG Price Hike: India raised domestic LPG cylinder prices by ₹29 to ₹942 for a 14.2-kg cylinder in Delhi, with the government saying households still pay far below the import-linked cost (over ₹1,600) and that PMUY beneficiaries get an effective ₹642 after subsidy. Energy Security & Food Costs: Russia’s Rosneft CEO warned that any prolonged closure of the Strait of Hormuz could spike global fertiliser and food prices, while analysts flag a potential structural reset of costs if disruptions last. India–Nepal Payments & Digital Ties: Nepal’s FM Shishir Khanal met Jaishankar in New Delhi, launching UPI–NPI cross-border P2P remittances and a Bhashini–Kathmandu University pact for voice-first language translation infrastructure. Industrial Data Update: MoSPI released a modernised Index of Industrial Production series, with industrial output growth at 4.9% in April (vs 3.2% in March), as part of broader official statistics revisions. Air Cargo & Logistics: ACFI announced the ACFI World Conclave 2026 in New Delhi on Aug 12-13, alongside Innovatopia Awards 2026, targeting aviation and supply-chain stakeholders. FMCG Corporate Costs: Nestlé India reported FY26 royalty payments of ₹1,024.5 crore to its Swiss parent, up ~14%, despite shareholder rejection of a higher royalty plan. Urban Development: Delhi intensified its zero-tolerance crackdown on illegal constructions, demolishing 94 buildings and sealing 114 since June 1.