• In an effort to counter plastic pollution, the Indian Institute of Technology – Bombay (IIT-B) has developed plastic-like films for the packaging industry that can degrade into harmless components.
  • The institute has developed a product that is a combination of non-toxic, edible sugar-based or fat-based biopolymers approved by the Food Safety and Standards Authority of India that can degrade in about a week or a month.
  • According to a UN report, India was among the top 10 recipients of Foreign Direct Investment in 2019, attracting $49 billion in inflows, a 16% increase from the previous year, driving the FDI growth in South Asia,
  • Koushik Chatterjee, executive director (ED) and chief financial officer (CFO) of Tata Steel tells that the prospects for 2020-21 are better. The company has chalked out a master blueprint for growth in India over the next decade.
  • Coal production from captive mines in the first nine months of the ongoing financial year was up 24% year-on-year (y-o-y) at 40.93 million tonne. However, about 53% of the output came from coal blocks, which were not cancelled by the Supreme Court in its September 2014 order.
  • Production by CIL declined 5.8% annually to 388.4 million tonnes in the first nine months of FY20, mainly due to excessive rainfall hampering mining operations during the monsoons.
  • Germany could close its last coal-fired power plant long before a 2038 deadline as the dirtiest fossil fuel gets squeezed out of the energy mix by clean electricity.