News

• The coal ministry has asked state-owned CIL to either expedite the operationalisation of 110 additional blocks allotted to it or return the mines to the government, an official said. The coal ministry recently enquired from the PSU about the operational status of the additional blocks allotted to it, and whether extraction from these coal blocks is techno-economically feasible, the official added.

• Japan has raised concerns over an on-going anti-dumping investigation by India on import of certain steel products from the country and has asked Indian authorities to evaluate all “relevant economic factors’’ before taking a decision.

Sajjan Jindal, chairman, JSW Group told that the steel industry is seeing the green shoots and demand is coming back. Since the steel prices are quite benign and globally steel prices have started moving up, there is a hope that India will also follow the suit.

• The Indian rupee pared initial losses to settle 5 paise up at 71.76 against the US dollar on Thursday (November 21, 2019) on robust foreign fund inflows and softening crude oil prices.

• The Organisation for Economic Co-operation and Development (OECD) marginally cut India’s economic growth forecast for 2019 to 5.8%, but said it would pick up to 6.2% in 2020 and further to 6.4% in 2021.

• The global economy is growing at the slowest pace since the financial crisis as governments leave it to central banks to revive investment, the OECD said.
• The world economy is projected to grow by a decade-low 2.9% this year and next, the Organisation for Economic Cooperation and Development (OECD) said.