Weekly Wrap – Recovery on the horizon, but a long haul to heaven

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The International Monetary Fund (IMF) revised down its 2020 forecast for the Asian economy to a contraction of 2.2 percent, calling it “the worst outcome for this region in living memory.” The latest forecast is a downgrade compared with the projection of a 1.6-percent contraction in June. India’s economy experienced a much sharper than expected […]

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India to bid for hydrocarbon projects in Argentina; also to sign an agreement on Lithium

Argentina has invited companies from India to participate in the oil and gas exploration bidding rounds likely to be organized by the Argentine provinces. Additionally, India and Argentina are also having talks to implement an agreement in the field of lithium signed between the Indian company KABIL and Argentine JEMSE in July 2020. KABIL (Khanij […]

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Coal India’s fuel allocation for non-power sector rises sixfold; no longer negative growth

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State-owned Coal India Ltd’s fuel allocation under the exclusive e-auction scheme for the non-power sector rose almost sixfold to 13.44 million tonnes (MT) in April-September this fiscal. Coal India Ltd (CIL) had allocated 2.31 MT of dry fuel to the sector under the scheme in the corresponding period of the previous fiscal, according to the latest government […]

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Global trade drops 5% in third quarter of 2020 : UNCTAD

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Global trade recorded a 5% drop in the third quarter of this year compared with the same period last year, according to an UNCTAD report. This marks an improvement on the 19% year-on-year plunge recorded in the second quarter, and the frail recovery is expected to continue in the fourth quarter, with a preliminary forecast […]

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Partially indexed tariff structure could help discoms save Rs 21,880 crore in next five years – report

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Inflation indexation of tariffs for future solar capacity could be an interim solution to ease the financial burden of an already distressed power distribution sector and to move away from coal-fired power, a recent joint briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA) and the CEEW-Centre for Energy Finance (CEF) has […]

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Recently-launched IEX records 13.2% growth in electricity sales in September 2020 quarter

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Indian Energy Exchange (IEX) said it has recorded a 13.2 per cent rise in electricity sales to 16,486 million units (MU) in the September quarter, as power demand accelerated and returned to pre-COVID levels. The second quarter witnessed a sharp recovery in industrial activities and electricity consumption, owing to easing of the lockdown restrictions across […]

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India to continue anti-dumping duty on Chinese Synthetic Rubber

India’s commerce ministry has recommended for continuation of anti-dumping duty on a Chinese synthetic rubber for five more years with a view to guard domestic players from cheap imports. In a notification, the ministry’s investigation arm Directorate General of Trade Remedies (DGTR) has said there is a “likelihood” of continuation of dumping of Fluoroelastomer and injury […]

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