• The world’s largest floating 600 MW solar energy project to be constructed at Omkareshwar dam on Narmada river in Khandwa district of Madhya Pradesh will begin power generation by year 2022-23, said an official release quoting the state’s new and renewable energy minister Hardeep Singh Dang.
  • Global economic output is projected to grow by 4% in 2021 assuming widespread roll-out of a COVID-19 vaccine throughout the year, as per the World Bank’s Global Economic Prospects (GEP) report. India is expected to grow at 5.4% in fiscal year 2021-22 and 5.2% in fiscal 2022-23 after an expected contraction of 9.6% in fiscal 2020-21.
  • India’s economy is recovering at a better-than-expected pace since the fiscal second quarter but it may take a long time to regain the momentum it had before the pandemic kicked in. The projected GDP growth does indicate that the worst is over, but it still does not indicate whether the economy has recovered the lost ground or surpassed it, said a report by India Ratings.
  • The coal ministry has said the government is taking several initiatives to augment the coal evacuation infrastructure, including laying new railway lines.
  • Coal India Ltd’s (CIL) output grew 6.3% to 156.8 million tonnes (MT) coal during October-December 2020 compared to 147.5 MT it produced for the same quarter last year. Production increase in volume terms was 9.3 MTs during the period.
  • Contracting for the ninth consecutive month, the output of eight core infrastructure sectors dropped by 2.6% in November, mainly due to decline in production of natural gas, refinery products, steel and cement.