-The Indian Express The August numbers mark the first contraction in core infrastructure output since April 2019, pointing to the continuing weakness in demand conditions. New Delhi: The growth of eight infrastructure sectors contracted 0.5 per cent in August following broad-based deterioration in output across as many as five sectors, including cement and electricity. But for a turnaround in refinery products — the largest constituent of the core sector — and...
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Tata, Vedanta mining lease ends in March; Govt for fresh auctions
-IANS The move to not extend non-captive mining lease will impact 334 mines belonging to cos like Tata & Vedanta. NEW DELHI: In a setback for the mining industry, the government is set to reject a proposal to extend non-captive mining leases of companies that are expiring after completing 50-year period in March, 2020. The move will impact about 334 mines belonging to companies such as Tata Steel, Vedanta Limited, Essel Mining, V.M....
More »Centre fills up Sardar Sarovar Dam even as state warns thousands still in submergence area -Nihar Gokhale
-IndiaSpend.com/ Land Conflict Watch Barwani, Dhar (Madhya Pradesh): Two middle-aged men struggled to carry an old Steel cupboard, which looked like it had never been moved, from a house in south-western Madhya Pradesh in central India. Clothes and kitchenware packed in old sarees were placed outside. The house next door in Nisarpur village was half submerged under the rising waters of the Narmada. The ground floors of most shops in a parallel...
More »Dr. Manmohan Singh, former Prime Minister of India, interviewed by Richa Mishra (The Hindu Business Line)
-The Hindu Business Line The government must simplify and rationalise GST, kickstart rural consumption, revive agriculture and tackle the lack of credit for capital creation, says former PM Former Prime Minister Manmohan Singh, an eminent economist himself, feels that the Narendra Modi-led government needs to come out of its habit of headline management and address the economic challenges which the country is facing today. “We cannot afford to deny that India is facing...
More »Gujarat's Steel furnace industry to be next victim of economic slowdown -Ronak Chhabra
-Newsclick.in According to Gujarat Induction Furnace Association, well over 7,000 workers of the Steel furnace industry in Gujarat have become jobless in last three months. On Monday, September 2, it was reported that the growth of the country’s eight core industries has plunged, according to the official data, to 2.1% in July as against 7.3% in the same period last year. This included the Steel sector industry which has registered a decline...
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