(ET) Record green energy output reduced Indian dependence on coal in May, despite 23.5% growth in power demand, contributing to a rise in utilities’ coal inventories, a Reuters analysis of government data showed. Surging supply from renewables will go some way towards mitigating India’s coal shortage amid extraordinarily rapid growth in demand, which has forced the country to reopen mines and return to importing the fuel. The share of renewable energy sources in power output rose to 14.1% in May from 10.2% in April. Coal made room for it, dropping to 72.4% of Indian generation from 76.8%. Power shortages, driven entirely…
Author: Aruna Sharma
(PTI) Jet fuel prices on Wednesday were cut by 1.3 per cent — the first reduction after 10 rounds of price hikes — on softening international crude oil rates. Simultaneously, prices of commercial LPG – used by business establishments such as hotels and restaurants – were reduced by Rs 135 per 19-kg cylinder. The price of aviation turbine fuel (ATF) — the fuel that helps aeroplanes fly — has been reduced by Rs 1,563.97 per kilolitre, or 1.27 per cent, to Rs 1,21,475.74 per kl (Rs 121 per litre) in the national capital, according to a price notification of state-owned fuel retailers.…
(PTI) GST revenues bucked the two-month rising trend in May and stood at nearly Rs 1.41 lakh crore, registering a year-on-year increase of 44 per cent. Although the May Goods and Services Tax (GST) revenues came in lower than the record high collection in April at Rs 1.68 lakh crore and Rs 1.42 lakh crore in March, it is still the fourth highest collection since the rollout of the new indirect tax regime on July 1, 2017. In February, revenues from taxing sale of goods and services was at Rs 1.33 lakh crore, while in January it was Rs 1,40,986 crore. “The…
(FE) Commerce, industry and textiles minister Piyush Goyal has called for greater imports of cotton to tide over a domestic shortage in the short term. The import duty on cotton has been scrapped until December 31. At a meeting of a textile advisory group in Mumbai on Sunday, the minister also stressed the need for “realistic, accurate statistics across the value chain”, the textile ministry said on Monday. The minister directed that a portal be created for this purpose, with inputs of the Cotton Association of India, ginners, the Confederation of Indian Textile Industry and the Southern India Mills’ Association. The…
(HT) The Uttar Pradesh government has received seven e-bids, including those from top companies like Deloitte, BCG and Grant Thronton, for the appointment of a consultant to draw a roadmap to boost the size of the state’s economy to one trillion dollars over the next five years (2022-2027). The state government is evaluating the e-bids and technical presentations by the bidders are likely to be made by mid-June. Those aware of the development indicated names of four out of seven bidding companies. These include Deloitte, BCG and Grant Thronton and Invest India . The state government had invited the e-bids by…
(NDTV) अर्थशास्त्रियों का कहना है बढ़ती कीमतें, उपभोक्ता खर्च और निवेश पर असर से भारत की अर्थव्यवस्था (Indian Economy) और कमजोर होने की संभावना है. क्योंकि केंद्रीय बैंक को आर्थिक विकास को नुकसान पहुंचाए बिना मुद्रास्फीति (Inflation) पर काबू पाने के लिए एक संतुलित संघर्ष का सामना करना पड़ रहा है. एशिया की तीसरी सबसे बड़ी अर्थव्यवस्था जनवरी-मार्च तिमाही में संभवत: एक साल पहले की तुलना में 4.0% बढ़ी है, पिछली तिमाही में 5.4% की वृद्धि के बाद, यह एक साल में सबसे धीमी गति होगी. 46 अर्थशास्त्रियों के 23-26 मई के सर्वेक्षण में डेटा के लिए पूर्वानुमान, मंगलवार को शाम 5:30 बजे, 2.8%…
(HT) India on Tuesday reported 2,338 fresh coronavirus infections, taking the total number of cases in the country to 4,31,58,087. A total of 19 deaths related to the virus was recorded in the last 24 hours, according to data shared by the Union health ministry. On Monday, the country saw 2,706 new cases of Covid-19. The recovery rate in the country currently stood at 98.74 per cent with 2,134 people being cured in the last 24 hours. This pushed the cumulative tally of recoveries to 4,26,15,574. India’s active cases now stood at 17,883 – accounting for 0.04 per cent of the…
(FE) The prices of petrol and diesel were kept unchanged by the OMCs for the Ninth day running on Tuesday. Finance Minister Nirmala Sitharaman had announced a cut in excise duty on petrol by 8 per litre, and 6 rupees per litre on diesel earlier this month. Petrol price in Delhi today stands at Rs 96.72 a litre as against Rs 105.41 a litre last week, while diesel will cost Rs 89.62 a litre as opposed to Rs 96.67. In Mumbai, one litre of petrol costs Rs 111.35 while diesel is retailing at Rs 97.28 per litre. Public sector OMCs including Bharat Petroleum…
(HT) Prime minister Narendra Modi received a grand welcome in Himachal Pradesh on Tuesday as a huge number of supporters gathered to witness a roadshow in Shimla to mark the eighth anniversary of the Bharatiya Janata Party’s government at centre. The PM is also addressing a rally in the hill state, which will hold an assembly election later this year. Chief minister Jairam Thakur and union minister Anurag Thakur were also present. “The relationship between PM Modi and the people of the state is very strong,” the chief minister said at the rally. “Today is a very special day in…
(HT) Chief minister Yogi Adityanath directed officials of the district administration to dispose of people’s grievances on a priority basis, during the Janata Darshan programme organized at Hindu Seva Ashram on the Goraknath temple premises . Over 800 people from various parts of the district came to meet the CM at the programme. “The large turnout of the people in Janata Darshan clearly indicates that officers are not disposing of complaints at the police station, tehsil or district headquarters level. Some people are coming to this programme regularly as officers have failed to redress their grievances. Officers should ensure that…