The drop in coal import comes as the stocks at power plants have thinned due to short supply and higher power generation. "Coal import (all types of coals) in August 2017 stood at 14.97 million tonnes (mt) (provisional), against 19.75 mt in August 2016," said Mjunction Services, an e-auction joint venture between Tata Steel and SAIL.
The GST Council, the highest decision-making body of the new Goods and Services Tax (GST) regime, had on Saturday decided to form a five-member panel to look into the technical glitches facing GST Network (GSTN).
"The chief minister has instructed that the date to receive online applications for the loan waiver scheme be extended by seven days. Farmers can now submit their applications till September 22," the official said.
This would give an impetus to exports and boost the domestic manufacturing sector, Acharya said at an economic forum organised by MCCI here. Acharya, an honorary professor with ICRIER, said that given the present state of the "ailing" economy, said that it would be difficult for the government to do pump priming by increasing expenditure.
According to the global financial services major, two recent policy measures -- demonetisation in November 2016 and GST rollout in July 2017 had a short term impact on economic activity and aggravated the already slowing momentum.
"After the commissioning of the project, direct employment of 4,000 employees will be created for the operation and maintenance. Further the project is likely to generate about 16,000 indirect employment opportunities," said the note.
Barring the short-term reasons like imbalance in demand-supply, the underlying real demand is improving, which is far more important.
Reports in some newspaper suggesting that probably states are moving towards maybe agreeing to a reduction in the value added tax (VAT) on petroleum products and especially on natural gas bringing it down to 5 percent. In an interview to CNBC-TV18, Haseeb Drabu, Finance Minister, Jammu and Kashmir (J&K) assesses if there is indeed an agreement by states on reducing VAT on gas and petroleum products.
A senior IT official from the Pune region said as many as 120 officials from the department's Nashik unit were involved in the ongoing search and survey operation.
In the last two years, the Modi government has provided Rs 40,000 crore for infrastructure development in Delhi, Gadkari said while addressing the Delhi BJP's two-day executive meeting.
The Union minister for road transport said the government was keen to build projects in the EPC (engineering, procurement and construction) mode.
UNCTAD's Trade and Development 2017 report notes that the world economy in 2017 is picking up but not lifting off. The growth is expected to reach 2.6 per cent, slightly higher than in 2016 but well below the pre-financial crisis average of 3.2 per cent.
This scale of investments was not provided for urban development in the past, the union minister said.
The government has decided on strategic disinvestment of the loss-making Air India, which is staying afloat on taxpayers' funds, and a ministerial panel is working on the modalities.
India and Japan on Thursday signed an agreement that will allow their airlines to operate unlimited number of flights between the two countries.
The official said around 70 percent of the visas issued under the H-1B category over the past nine months have gone to Indians and that a record 1.2 million visas of Indians were adjudicated by the US last year.
Though the two unsecured portfolios have a smaller pie with about 30 percent in the share of retail loans, which is nearly 25 percent of the total loans in the industry, the pace of growth is substantial
This will be India’s first lithium-ion battery manufacturing plant.
As for the current rise in petrol and diesel prices, the blame is clearly on Hurricane Harvey and Hurricane Irma. These hurricanes affected that part of the US (Houston) which accounts for nearly 40 percent of the refining capacity.
Apart from the fact that the skill levels are low, the salaries that they demand has also been a deterrent for companies hiring them for vacant position.
The GDP stood at a three year low at 5.7 percent for April-June quarter of 2017-18, which the report said has raised concerns about the annual GDP numbers for the fiscal.
The ratings agency has estimated that Indian banks will need USD 65 billion as additional capital to meet Basel III requirements by 2019 with state banks requiring more than 90 percent.
The agency said it estimates the total amount of stressed loans, which includes NPAs and standard assets that are under pressure currently and could deteriorate into NPAs, to be at Rs 11.5 trillion or 14 per cent of the system.
There was an uptick in headline inflation in August driven by implementation of the House Rent Allowance (7th Pay Commission) hike and accordingly the RBI is expected to keep rates on hold, said the financial services major.
The Indian Energy Exchange (IEX), an electronic power trading exchange, saw spot electricity prices going up as high as Rs 9.38 per unit on September 12 for the peak slot of 8 pm.