Foreign direct investment (FDI) in India has increased by 16% year-on-year to $27.1 billion during April-August this year, the commerce and industry ministry said. During April-August last year, India had received FDI worth $23.35 billion.
Unemployment rate in urban areas moderated to 8.4% in July-September 2019 from 8.9% in April-June 2019 and 9.7% in July-September 2018, the quarterly Periodic Labour Force Survey (PLFS) released by the Ministry of Statistics and Programme Implementation (MoSPI) showed.
The supply of coal by state-owned Coal India Ltd (CIL) to the power sector dropped by 10% to 197.89 million tonnes (MT) in the first half of the ongoing fiscal. Coal India had supplied 219.85 MT of coal in the April-September period of the previous fiscal, according to official data.
Disruptions caused by the COVID-19 pandemic continued to impact cargo movement in India, with thermal and coking coal imports at 12 major ports falling 25.13% year-on-year to 55.41 million tonnes (MT) in April-September. Coal volumes at the 12 major ports declined for the sixth straight month in September 2020, as per the Indian Ports Association (IPA).
Coal India-arm SECL is executing eight ‘first mile connectivity’ projects with an estimated capital outlay of Rs 3,100 crore to evacuate dry fuel, especially incremental production under the proposed plan to scale up the maharatna firm’s output to 1 billion tonnes. The move will also help power plants at farther most locations in northern and western regions to avail recently notified rail concessions for distance beyond 1400 km.
Union Minister Nitin Gadkari inaugurated and laid the foundation stones of highways projects worth Rs 15,592 in Andhra Pradesh, an official statement said. These include 16 highway projects stretching over 1,411 km.