India’s Southwest monsoon, which brings a majority of rainfall to the country, is expected to be normal this year, the India Meteorological Department (IMD) said on Friday. M Rajeevan, secretary of the Ministry of Earth Sciences, said the monsoon this year will be 98% of the Long Period Average with an error margin of plus and […]
Indian demand for US mid-volatile matter and premium hard coking coal (HCC) imports grew in 2020 as strong steel and met coke fundamentals support India consumption rising to a new high in 2021 and 2022, according to Iman Resources. India imported 4.16 million tonnes of US met coal, down slightly from the 4.21 million tonnes […]
India has kept the nutrient-based subsidy rates unchanged for phosphatic and potassic (P&K) fertilisers for the current 2021-22 fiscal till further orders. For the last fiscal, the government had fixed the subsidy rate for nitrogen (N) at Rs 18.78 per kg, phosphate (P) at Rs 14.88 a kg, potash (K) at Rs 10.11 per kg […]
Global steel demand will grow by 5.8% in 2021 to reach 1,874.0 million tonnes (Mt), after declining by 0.2% in 2020, worldsteel forecast in its latest short range outlook on Thursday, adding that in 2022 steel demand will see further growth of 2.7% to reach 1,924.6 Mt. The current forecast assumes that the ongoing second […]
Strong domestic demand, followed by healthy exports have aided India’s steel industry’s production and sales growth in the fourth quarter of 2020-21 on a sequential basis, say analysts. Revenues of steel companies are expected to improve 20 per cent quarter-on-quarter and 45-50 per cent from a year ago on higher realization and rising demand, led […]
In order to provide relief to the rooftop solar industry, the Indian government is proposing to allow rooftop solar installations with up to 500 kilowatt (kW) capacity to be billed under ‘net metering’. If the proposal is approved, those who have rooftop solar panels will receive higher tariffs from power distribution companies (discoms) for the […]
Gurugram-based Amplus Solar, Asia’s leading distributed energy company providing low carbon energy solutions to industrial and commercial customers, has bought 17 solar rooftop assets of Sterling and Wilson, adding 7.2 megawatt (MW). A part of the Petronas group of Malaysia, Amplus Solar already has 800 MW plus projects operational in the distributed solar segment and under construction […]
Indian industry urged the government to announce Production Linked Incentives (PLI) for vaccine manufacture similar to those announced earlier for ten other sectors in order to deal with the crisis posed by a second wave of Covid. “We need to work on a mission mode to substantially ramp up Covid vaccine manufacturing and supply,” the […]
There is now a faster global growth driven primarily by the US, China and India, World Bank president David Malpass said even as he expressed concern over growing inequality due to the COVID-19 pandemic. He said here is also the concern of inequality in terms of vaccinations and median income that’s not going up very […]
World Trade Organization (WTO) members, especially the US, have questioned India on various subsidy schemes like RoDTEP, a key export tax refund scheme, Agriculture Infrastructure and Development Cess (AIDC), subsidy on crop loans, import duty on cotton and ban on onion exports. Seeking “an update on the operational status and guidelines” of the Remission of […]
