Economy News

coal imports
Economy News

India has set the end of June as its target for coal imports

According to a power ministry letter, India has requested state and private sector utilities to assure delivery of 19 million tonnes of coal from overseas by the end of June, indicating a need to secure supply in an expensive market amid rising outages. The action, which is the first time the world’s second largest coal […]

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Finance Ministry
Economy News

Finance Ministry: GST dues to states total Rs 79,000 crore for FY22:

The Union finance ministry announced on Wednesday that the States owed Rs 78,704 crore in compensation in lieu of goods and services tax (GST) for the financial year 2021-22 (FY22), which is equivalent to four months’ compensation. It also said that all dues for FY21 had been paid. It has so far disbursed Rs 7.35 […]

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Power consumption grows
Economy News

Power consumption grows steadily at 4.6% to 126.12 billion units in March

India’s power consumption has grown steadily at 4.6 per cent year-on-year in March to 126.12 billion units (BU), showing the impact of early onset of summers and easing of lockdown restrictions by states. Power consumption in March 2021 was 120.63 BU, higher than 98.95 BU in the same month of 2020, as per the power ministry data. […]

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India cuts coal supply inventories
Economy News

India cuts coal supply, inventories slump as power demand surges

India has cut coal supplies to the non-power sector and put on hold plans to increase the number of fuel auctions for utilities due to a slump in inventories at state government-owned utilities even as demand for electricity surges. The supply cuts come months after India’s most crippling coal shortage in recent years led to […]

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Goa cabinet decides to provide 3 cooking gas cylinders
Economy News

Goa cabinet decides to provide 3 cooking gas cylinders free to households

The Goa government has said it will provide three cooking gas cylinders free of cost to households in the coastal state, as promised by the BJP in its election manifesto. Chief Minister Pramod Sawant announced on Monday after chairing the first meeting of the new cabinet, comprising him and eight other ministers. In a tweet […]

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GST Council
Economy News

GST Council may consider raising lowest slab to 8%, rationalise tax slabs

The GST Council in its next meeting may look at raising the lowest tax slab to 8 per cent, from 5 per cent, and prune the exemption list in the Goods and Services Tax regime as it looks to increase revenues and do away with states’ dependence on Centre for compensation, sources said on Sunday. A panel […]

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Commercial LPG cylinder prices hiked
Economy News

Commercial LPG cylinder prices hiked by Rs 105, check rates in your city

The prices of 19 kg commercial LPG cylinders have been increased by Rs 105 in Delhi from March 1. Following the price hike, the 19 kg commercial cylinder will cost Rs 2,012 in the national capital from Tuesday. The price of a 5 kg cylinder has also been increased by Rs 27. Now a 5 kg […]

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India signs deals to export
Economy News

India signs deals to export 4.6 million tonnes sugar in 2021/22, says trade body

Indian mills have signed contracts to export 4.6 million tonnes of sugar in the 2021/22 marketing year without government subsidies, a leading trade body said on Monday. The exports would allow the world’s second-biggest sugar producer to trim stockpiles, though it could weigh on global prices.Mills have already dispatched 3.7 million tonnes since the start […]

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Private sector invests Rs 15,164 cr in roads till November this fiscal
Economy News

Private sector invests Rs 15,164 cr in roads till November this fiscal

By Administrator_IndiaCapital Sands Road Transport and Highways Minister Nitin Gadkari said private sector investment in road construction in 2020-21 and 2019-20 was Rs 12,475.53 crore and Rs 21,925.98 crore, respectively Private sector investment in road construction till November this financial year stood at Rs 15,164.25 crore, Parliament was informed on Thursday. In a written reply to […]

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PM Modi arrives in US to attend Quad leaders' summit, address UNGA
Economy News

PM Modi arrives in US to attend Quad leaders’ summit, address UNGA

By Administrator_India Capital Sands Prime Minister Narendra Modi arrived here on Wednesday on an official visit to the US during which he will hold the first face-to-face meeting with President Joe Biden and his deputy Kamala Harris, attend the maiden in-person Quad summit and address the 76th session of the UN General Assembly in New […]

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