(HT) Retail inflation, measured by Consumer Price Index (CPI), hit 4.6% in fiscal year 2024-25, the lowest since 2018-19’s 3.4%, validating the Reserve Bank of India’s pro-growth monetary policy pivot. On a quarterly basis – the timeframe RBI’s Monetary Policy Committee (MPC) uses for forecasts – headline inflation reached 3.7% in the quarter ending March 31, dipping below the 4% target for the first time since September 2019. With India’s crude oil basket falling below $70 per barrel and the India Meteorological Department forecasting above-normal monsoon, the economy faces its most benign inflation outlook in years. To be sure, global…
Author: Aruna Sharma
(DD News) Prime Minister Narendra Modi dedicated development and infrastructure projects of Rs 10,000 crore in Haryana that comprised the foundation for the third thermal unit of 800 MW at Deenbandhu Chhotu Ram Thermal Power Plant in Yamunanagar of Rs 8,469 crore. Additionally, on Monday he laid the foundation for a GOBARdhan Plant in Yamunanagar of Rs 90 crore and inaugurated the Rewari Bypass, built at a cost of Rs 1,069 crore. Union Minister for Housing Manohar Lal, Union Minister of State for Statistics and Programme Implementation Rao Inderjit Singh, Union Minister of State for Cooperation Krishan Pal, besides state…
(HT) Tariff exemptions, announced heading into the weekend, are likely to be temporary, US President Donald Trump confirmed in a post on Truth Social. He said the US was “taking a look at Semiconductors and the WHOLE ELECTRONICS SUPPLY CHAIN in the upcoming National Security Tariff Investigations”. That could be as early as next week — for now, semiconductors, computers and smartphones from China will still be subject to a 20% tariff (the base tariff is 10%) instead of the 145% tariffs on other Chinese goods. It is difficult to assess the long-term impact of the tariff moves given the dynamic…
(HT) India and China are close to an understanding on resuming the Kailash Mansarovar Yatra as the two sides continue the protracted process of normalising their relations after the more than four-year standoff on the Line of Actual Control (LAC), people familiar with the matter said. The resumption of the pilgrimage to Mount Kailash and Mansarovar Lake in China’s Tibet Autonomous Region, which has not been held since 2020, is among confidence-building measures being discussed by the two sides after they reached an understanding last October on disengagement of troops at the two remaining friction points of Demchok and Depsang.…
(HT) Monsoon rainfall during June to September, over the country is likely to be “above normal” at 105% of LPA with a model error of ± 5%, India Meteorological Department said in its long range forecast on Tuesday. Last week, private met forecaster, Skymet Weather had forecast a “normal” monsoon at about 102% of the long period average (LPA), with an error margin of 5%. Last year monsoon was “above normal” at 108% of its long period average (LPA). In 2023, an El Nino year, IMD had predicted “normal” monsoon at 96% of LPA, but actual rainfall was below normal…
(ET Energy) BC Jindal Group on Tuesday announced its strategic entry into renewable energy component manufacturing with plans to invest ₹15,000 crore by 2030 and set up production capacities across solar and battery segments.The group, with an annual turnover of over ₹18,000 crore, said the first phase of the project would see an investment of ₹4,000 crore. This phase includes 2 GW solar cell and module production, 4 GWh battery storage capacity , and 1,200 tonnes per day solar glass manufacturing.The group has shortlisted Maharashtra and Gujarat for setting up these facilities.“Our foray into the renewable energy component manufacturing sector…
(BS) JSW Steel will be investing over Rs 50,000 crore to create 10 million tonnes per annum of green steel capacity at a plant near the country’s financial capital, a top official said on Tuesday. “We will be investing Rs 50,000-60,000 crore for the green steel capacity,” Jindal told reporters on the sidelines of an event here. He said this will be a brownfield investment at its plant in Raigad district’s Salav and the investment will happen over the next three-four years. In March, the company had announced plans to increase the green steel capacity at Salav to 4 MTPA…
(Prabhat Khabar) बोकारो, वर्ष 1964 में बोकारो स्टील प्लांट की स्थापना के बाद से बीते छह दशकों में माराफारी के नाम से पूर्व में जाना जाने वाला यह क्षेत्र अब देश-विदेश में अपनी पहचान एक प्रमुख औद्योगिक केंद्र के रूप में बना चुका है. वर्तमान में बोकारो स्टील प्लांट महज इस्पात उत्पादन की एक इकाई नहीं रह गया, बल्कि यह भारत की औद्योगिक आत्मनिर्भरता, तकनीकी नवाचार और समावेशी विकास का प्रतीक बन चुका है. बीएसएल ने देश को वैश्विक मंच पर सशक्त इस्पात उत्पादक राष्ट्र के रूप में स्थापित करने में भूमिका निभायी है. क्षेत्रीय विकास, सामाजिक सशक्तीकरण व समावेशी…
(PTI) India has the potential to overtake Brazil and China to become the world’s second largest iron ore producer, Vedanta Group Chairman Anil Agarwal said on Tuesday. India’s iron ore production in 2024-25 (April-January) rose by 3.5 per cent to 236 million metric tonnes (MMT) compared to 228 MMT in the year-ago period. Explaining how India can surpass Brazil and China in iron ore production, he said, “Given our huge reserves, we can produce 700 million tonnes per year and become the second largest after Australia, this is very much possible. The benefits this will bring to Bharat, in terms…
(The Hindu) The Singareni Collieries Company Ltd (SCCL) is all set to mine coal outside Telangana for the first time in its 13 decades of existence with the commencement of production in the mine allotted to it in the Naini Block in Odisha on Wednesday, about nine years after the allotment of mine to it. Deputy Chief Minister M. Bhatti Vikramarka, who handles the portfolios of Energy and Finance, will officially launch the mine on April 16. At its peak, 10 million tonnes (one crore tonnes) of coal could be produced from the mine in a year and its lifetime…