Domestic sales of diesel — the life blood of India’s economy — seems to have fallen sharply last month in July 2020, as several states imposed small-scale lockdowns to curb record daily Covid 19 infection rates. Diesel sales at India’s three biggest fuel retailers dropped 13 per cent in July from the previous month and […]
Exports may be on a path of recovery with the merchandise sent to foreign nations in July reaching almost the same levels as a year ago, Commerce and Industry Minister Piyush Goyal said to the media. “Our exports have almost reached last year’s July level, with nearly 90 per cent of our export of July […]
It was only about a year ago that Nikhel Morris and his wife Somali Kothari quit their city jobs to plunge into a venture close to their hearts — recycling plastic and rubber wastes into fuel. It made perfect sense as India imports the majority of its fuel needs. At the same time the country struggles to recycle plastic and rubber […]
In its latest draft for China’s coal industry development strategy, the China National Coal Association (CNCA) proposes to limit the country’s total coal consumption within 4.2 billion tonnes by 2025 on the assumption that coal will remain China’s core energy generation source, while the proportion of clean energy will incline further in the coming years. […]
Petrol and diesel prices in India have continued to rise, despite 25-33 on-year percent fall in international crude oil prices, widening the divergence between retail fuel prices in India and crude oil prices across the globe. Between the centre and the states, the governments are collecting a whopping 204 per cent taxes on the base […]
Power demand in states like Gujarat, Maharashtra, Andhra Pradesh and Tamil Nadu was lower by 14 per cent, 9 per cent, 11 per cent and 15 per cent, respectively in July, year-on-year. These states with industrial and commercial enterprises comprise more than 40 per cent of electricity usage. Electricity consumption figures in these states […]
Diesel sales, an approximate barometer of business and commerce, dropped 13 per cent in July 2020 from the previous month and were down 21 per cent year-on-year, forcing oil refiners to slash throughput. This seems to be a clear case of economic recovery slowing down after the spike in May-June this year. Manufacturing activities also […]
The government of India clarified through a Press Note that any foreign direct investment (FDI) in commercial coal mining from an entity of a country that shares land border with India will be allowed only after government approval. “This is with reference to the ongoing auction process of coal mines for commercial coal mining…It is […]
Indian Oil Corporation Ltd (IOCL) is planning to invest Rs 13,805 crore to set up a plant in Odisha’s Paradip to manufacture raw materials for the textile sector. The project is expected to be completed by 2024. The paraxylene (PX) and purified terephthalic acid (PTA) plant will be integrated with the IOCL’s refinery facility in the port town of Jagatsinghpur district. […]
Public sector, Coal India Ltd (CIL) clocked a 17 per cent growth in composite opencast production in July 2020 over the same month a year ago. Further, the company is expecting the production to rise post monsoon in view of the positive growth trend in the Over Burden Removal (OBR). OBR implies removing top soil […]
