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Friday, May 27, 2022

Karunjit Singh


Excise cut on fuel: FM Nirmala Sitharaman says burden to be borne by Centre
Mon, May 23, 2022

The duty cut, effective Sunday, has a revenue implication of Rs 1 lakh crore annually for the Centre, which coupled with the earlier duty cut of November 2021 will result in a total revenue loss of Rs 2.2 lakh crore a year, she said.

To cool inflation heat, Govt cuts excise on fuel, tweaks duty on raw materials
Sun, May 22, 2022

Sitharaman urges states to follow suit; Kerala cuts taxes; duty on iron ore exports hiked to 50%

Logistics overhang: Rupee fall unlikely to boost exports
Mon, May 16, 2022

The rupee has depreciated by 4.18 per cent since the beginning of the year and closed Friday’s trading session at 77.44 against the greenback.

Director-General, International Renewable Energy Agency: India doing well on energy transition, should strength existing schemes
Tue, May 10, 2022

'We have seen that it is the fourth country in the world, when we consider installing capacity of renewables. And we have seen out there that they are raising the ambition for (renewable energy capacity) from 450 to 500 gigawatts by 2030.'

Behind power crisis: Genco dues to coal cos another cog
Wed, May 04, 2022

Low coal stocks at a majority of India’s thermal power plants have led to power outages across several states including Uttar Pradesh, Maharashtra, Madhya Pradesh, Rajasthan, Haryana, Tamil Nadu, Karnataka, Punjab, Jharkhand, and Bihar.

Explained: How heat wave added to power demand amid coal shortages
Tue, May 03, 2022

India is staring at a crisis again, this time induced by a debilitating fuel shortage at coal-fired thermal plants, which make nearly 70 per cent of India’s base load power generation capacity.

India, EU to hold talks on FTA in June, set 2023-2024 target
Sat, Apr 30, 2022

India has been increasingly looking at international trade as a key engine of economic growth. Earlier this year, it concluded a Comprehensive Economic Cooperation Agreement with the UAE and an interim trade deal with Australia.

Power shortage: Railways cancels 753 trips to prioritise coal delivery
Sat, Apr 30, 2022

A total of 713 trips of the South East Central Railway (SECR) have been cancelled till May 25 while 40 trips of the Northern Railways (NR) have been cancelled till May 8.

Explained: States vs Centre on fuel taxes
Fri, Apr 29, 2022

The Prime Minister has noted that certain states have not reduced VAT; states have attributed rising fuel prices to central taxes. How is fuel taxed, and how are collections shared between the Centre and states?

Heat wave, low coal stocks, delayed payments leading to power outages
Thu, Apr 28, 2022

Over the past week, the total electricity shortage in India hit 623 million units (MU), surpassing the total shortage all of March.

Explained: For state governments, why cutting taxes on fuel is easier said than done
Thu, Apr 28, 2022

The reluctance to reduce excise duty and VAT on fuel stems from the fact that it constitutes an important source of revenue for both the Union government and the states.

Heat wave, low coal stocks, delayed payments leading to power outages
Thu, Apr 28, 2022

Over past week, shortage of 623 mn units, more than total for all of March

To ease supply strain on coal stocks, Railways to boost rakes
Sat, Apr 23, 2022

A government official told The Indian Express that Railways will increase the number of rakes for transporting coal to powerhouses to 415 per day from about 380 in the first half of April, after a review meeting by the Ministers of Home, Power, Railways, and Coal.

Stretched supply chains likely to weigh on coal stocks till Apr-end
Sat, Apr 16, 2022

Low coal inventories at thermal power plants have already led to load shedding in a number of states, including Punjab, Maharashtra, Andhra Pradesh, Madhya Pradesh and Bihar.

Demand soaring: ‘Tolling’ on the table as imported coal prices heat up
Tue, Apr 12, 2022

On April 7, the electricity shortage rose to 80.1 million units, with the country being short of 6,124 MW of generation capacity during peak demand.

Explained: Why petrol & diesel prices could rise further despite a Rs 9.2 hike in 15 days
Wed, Apr 06, 2022

The price of petrol has risen to Rs 104.6 per litre and the price of diesel has risen to Rs 95.9 in the capital after 13 price hikes in 15 days.

Zomato, Swiggy to face probe for alleged unfair business practices
Mon, Apr 04, 2022

The Competition Commission of India has noted that downstream commercial interest of Swiggy and Zomato through private labels and cloud kitchens may affect platform neutrality and requires detailed examination.

Explained: How joint venture between IOC, L&T and ReNew aims to boost green hydrogen production in India
Tue, Apr 05, 2022

Indian Oil Corporation (IOC), Larsen & Toubro (L&T), and ReNew Power (ReNew) have signed a binding term sheet to set up a Joint Venture (JV) company to develop the green hydrogen sector in India. How will the JV help develop the green hydrogen sector?

India, Australia sign FTA, trade likely to ‘double in 5 yrs, generate 1 mn jobs’
Sun, Apr 03, 2022

The agreement will also give about 85 per cent of Australia’s exports zero-duty access to the Indian market, including coal, sheep meat and wool, and lower duty access on Australian wines, almonds, lentils, and certain fruits.

Explained: How high coal prices are set to impact the power sector
Sat, Apr 02, 2022

The Ukraine war has led to a disruption in the supply of coal by Russia, which is unlikely to be fully replaced by other suppliers. The shortage, leading to high prices, has pushed up spot power tariffs on the India Energy Exchange.

Explained: Why inclusion of government procurement in India’s trade pact with the UAE is significant
Wed, Mar 30, 2022

In a first, India has included government procurement in the India-UAE Comprehensive Economic Partnership Agreement. Why is this significant? What are key industry concerns? What protections are included for the domestic industry?

Revenue impact, India Inc concerns slow Australia FTA talks
Sun, Mar 27, 2022

At the start of trade negotiations, Commerce Minister Piyush Goyal had announced that the two countries were aiming to conclude an interim or early harvest trade deal by December 2021.

Explained: Why cooking gas is costlier, what lies ahead
Tue, Mar 29, 2022

The hike in prices will impact household inflation expectations, and could further hit subdued consumption sentiment.

India sets $400 billion export record: Its significance and key drivers of growth
Thu, Mar 24, 2022

India has achieved the target of $400 billion in exports in FY2022. What is the significance of this? What areas have been the key drivers of India’s export growth?

India tops $400-billion target for goods exports
Thu, Mar 24, 2022

The target was achieved with 10 days to spare — exports crossed $400.8 billion on March 21 and there's a likelihood that total exports for the fiscal may cross $410 billion by the end of the month.