US Policy Shock: A federal judge struck down the Trump administration’s $100,000 H-1B fee, calling it an unlawful tax without congressional approval—an immediate win for employers and universities relying on the visa pipeline. India Telecom & Courts: India’s Bombay High Court quashed a retrospective one-time spectrum levy on Airtel and Vodafone Idea, saying the government can’t rewrite contract terms and impose new burdens under “public interest.” Energy Subsidies Under Pressure: India cut subsidised Ujjwala LPG refills from 9 to 4 per year as global prices and subsidy costs rise, while domestic LPG prices were also increased. Regulatory Enforcement: RBI hit two cooperative banks with penalties over KYC and related compliance failures, underscoring tighter oversight of risk controls and suspicious transaction systems. UK Consumer Finance: The FCA warned its car finance redress plan could be delayed until at least 2027 after legal challenges over “hidden” discretionary commissions. Cross-Border Fraud Probe: India’s ED alleged a cyber-fraud network using thousands of fraudulently activated SIMs routed from Cambodia, linking about 5,300 numbers to losses across India. Industrial Safety: A molten steel ladle blast at Vizag Steel killed 8 workers, highlighting ongoing workplace risk in heavy industry. Climate Finance Watch: At Bonn climate talks, India flagged a growing adaptation finance gap and declining climate funding levels.