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 […]

Read more

Moratorium on new coal mines to have little impact on Australia’s economy – report

coal-rio-tinto.jpg

Economic impact of a moratorium on new coal mines and mines expansion in Australia will be marginal, as a world moving towards reducing greenhouse emissions will need to burn less coal in the future, a report has found. According to The Australia Institute report, coal industry lobbyists and some political leaders in Australia claim that […]

Read more