India announces 12-point boost for economy to add to festival cheer

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Indian Finance Minister Nirmala Sitharaman on Thursday announced financial outlays for 12 sectors, including a fertiliser subsidy as well as those for housing and infrastructure that will likely drive demand for key commodities. She said the announcement was the third instalment of Atma Nirbhar Bharat (Self Reliant India) programme that was meant to establish the country […]

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Some power plants from the South of India agree to substitute imported coal with Coal India’s supply

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Power plants located in the southern part of the country and non-regulated sector (NRS) consumers, including steel and cement, have agreed to substitute imported coal with the dry-fuel produced by the Coal India subsidiary, of Mahanadi Coalfields Ltd (MCL). The development assumes significance in the wake of government’s thrust on reducing coal import dependency of the country […]

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Lower demand from cement, power industries slashes India’s coal import by 35% in August 2020

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India’s coal import declined by 34.9 per cent to 12.46 million tonnes in August 2020 on account of subdued demand from consuming sectors like power and cement industries. India imported 19.14 million tonnes of coal in August last year, according to provisional compilation by mjunction, based on monitoring of vessels’ positions and data received from […]

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India’s core sector growth contracts 1.5 per cent in November 2019

Showing no signs of improvement, the output of eight core infrastructure industries contracted for the fourth consecutive month in November by 1.5 per cent, according to official data. Since August, the eight core industries are recording negative growth. The output of coal, crude oil, natural gas, steel, and electricity declined by 2.5 per cent, 6 […]

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Output of eight core industries declines by 5.8% in October 2019

Output of eight core infrastructure industries contracted by 5.8 per cent in October, indicating the severity of economic slowdown, according to government data. Eight core industries posted marginal 0.2% growth in output for April-October 2019. As many as six of eight core industries saw a contraction in output in October. The Eight Core Industries carrying […]

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Eight core sectors growth slows to 2.1% in July; Manufacturing growth falls to 15-month low in August 2019

Growth of eight core industries dropped to 2.1 per cent in July mainly due to a contraction in coal, crude oil, natural gas and refinery products, according to official data. The eight crore sector industries – coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity – had expanded by 7.3 per cent […]

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Eight core sectors’ output rises only 0.2% y/y in June 2019: Government of India

Eight core sector industries recorded a slightly higher growth in June compared to the same month last year, according to a statement issued by the commerce and industry ministry. The core sectors include coal, fertilizers, electricity, steel, cement, petroleum refinery, natural gas and crude oil. As per the press release, the key industries registered 0.2 […]

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