• Jharkhand Chief Minister Mr Hemant Soren wrote to Union Coal and Mines Minister Mr Prahlad Joshi, demanding a moratorium of the auction process in the coal sector by six to nine months to ensure equitable sustainable mineral-based development in the state. Mr Soren’s letter said several national and international companies would not be able to take part in the auction amid Covid-19 pandemic and foreign travel restrictions.
  • The index of industrial production (IIP) crashed to 56.3 in April from 126.5 a year before, registering a massive 55.5% contraction, as most units remained shut due to a Covid-induced nation-wide lockdown. Industrial production had shrunk by 18.3% Y-o-Y in March, but it was only in April when the first full-month impact of it was experienced by industry.
  • According to a recent report on global investments in renewables, EURACTIV Germany reports, the share of renewable energies in global electricity generation increased again last year and capacity financed by investments even reached a record level in 2019.
  • The Union Ministry of New and Renewable Energy (MNRE) has fixed a high capacity addition target of 14,380 MW for the renewable energy sector for this fiscal amid Covid-19-related uncertainties.