• India’s plastic manufacturers have urged the government to increase customs duty, levy anti-dumping duty and review foreign trade agreements (FTAs) to restrict supply of cheap and poor-quality products from overseas markets.
  • The plastic industry is currently witnessing depression in the market which has led manufacturing units to put their expansion and investment plans on hold. The government needs to come out with a clear strategy on various fronts in order to spur growth,” said Arvind Mehta, Chairman, Governing Council, AIPMA.
  • Mumbai Metropolitan Region (MMR) is the second largest market in terms of stuck housing projects, and experts believe the maximum resolution through the government’s Rs 25,000-crore lifeline can be achieved in this region.
  • Potential to attract price realisation and better demand pattern are expected to push revival of several unfinished residential projects in Mumbai Metropolitan Region (MMR), mostly located in central and western suburbs of the city, with the help of the stress fund, industry experts said.
  • The Coal Ministry said it will establish ‘Sustainable. Development Cell’ (SDC) for promoting sustainable coal mining in the country and address environmental concerns at closure of mines.
  • The SDC envisages to address environment mitigation measures in a systemic manner and provide a better environment to people working and residing in the vicinity of mines, the ministry said in a statement.
  • State-owned NLC India Limited said it is planning to invest more than Rs 17,000 crore for its thermal power projects and has embarked upon afforestation programme inside and outside the coal mining area in Odisha.
  • The Navratna company will produce 20 million tonne of coal per annum from Talabira II and III coal blocks to fuel its 4,200 MW of thermal power projects, an official said.
  • According to Chief Minister Pinarayi Vijayan, Kerala is working towards developing a Design Policy for promoting sustainable infrastructure that employs innovative designs for habitats and smart cities.
  • Power demand in the country dipped for the fourth straight month by 4.28% to 94.6 billion units (BU) in November, mainly because of early onset of winters and extended monsoon this year.