Page 1262 - Economy & Policy News

India allows power plants to blend imported coal with local grade

India's power demand has been rising with the revival of the economy after the lifting of COVID 19-induced restrictions.

Govt asks CIL to raise coal supply to power plants during Durga Puja

The development assumes significance in the wake of the country's power plants grappling with coal shortages

Govt warns states against selling power at high price on exchanges

Asia's third-largest economy is facing large-scale outages as several power plants have low coal inventories amid a sharp spike in global energy prices.

Govt considering Rs 28,600 cr increase in fertiliser subsidy: Report

A cabinet meeting chaired by Prime Minister Narendra Modi may approve the enhanced subsidy for winter-sown crops as early as this week.

Ordnance Factories corporatisation: Govt to launch 7 new companies

As part of the corporatisation of the Ordnance Factories, the Central government will formally launch seven new companies on October 15, informed the Ministry of Defence

Gujarat, Maharashtra on the verge of energy crisis amid coal shortage

Mixed signals: Maharashtra govt raises alarm, but generating stations claim supply is under control

Govt may consider higher GST, fewer rates to simplify structure: Report

The two lowest rates could be raised by a percentage point each to 6% and 13%, reports Bloomberg.

Tax collections to foreign trade, economic recovery maintains momentum

Employment conditions and consumer sentiments have also improved dramatically, suggests CMIE data

IFFCO chairman Balvinder Singh Nakai passes away

Fertiliser major IFFCO's Chairman Balvinder Singh Nakai, 87, passed away on Monday

Power outages risk to growth, add to retail inflation woes: Nomura

With power demand likely to rise amid continued economic normalisation and upcoming festive sales, supply-side disruptions pose an important near-term downside risk to growth momentum, Nomura warned

Home minister Amit Shah meets with power and coal depts over energy crunch

Several states, including Delhi, have expressed panic over shortages of coal

Piyush Goyal pushes for stronger trade ties at G20 ministerial meet

The meeting comes at a time when India is trying to ink free trade agreements (FTAs) with countries such as Australia, UK, EU, and UAE

Union Cabinet likely to approve Gati Shakti master plan on Tuesday

Gati Shakti will be a digital platform that will bring 16 ministries to provide real-time access to information and data on various infrastructure projects

International Energy Agency invites India to become full-time member: Puri

India is the world's third-largest energy consumer

ADIF files petition before CCI against Google's new PlayStore policy

CCI is already looking into the matter for potential abuse of dominance by Google in the app market

Recovery tracker: Retail and recreation visits at highest since March 2020

Traffic congestion was also up during the week

DoT allows telecom operators to digitise customer application forms

Telecom operators have been allowed to digitise customer application forms, a move that is expected to ease updation of subscribers' data

Odisha government hikes remuneration of contractual staff by 50%

Odisha government Monday decided to increase the remuneration of contractual government employees by 50 per cent and henceforth refer to them as Initial appointees

Delhi urges Goyal to withdraw order disallowing doorstep ration delivery

Delhi's Food and Civil Supplies Minister Imran Hussain Monday requested Piyush Goyal to withdraw an order preventing the implementation of the city government's doorstep ration delivery scheme

Coal Crisis: Number of plants with less than 4-day stock rise to 70

Coal shortage crisis at thermal power projects does not seem to abate very soon as the number of non-pit head plants with less than four days of dry fuel stock has increased to 70 this Sunday