• The National Highways Authority of India (NHAI) has decided to rework the next road monetisation offering to entice bigger domestic investors. It is learnt that the revamped Toll-Operate-Transfer (TOT) bundle will remove some road stretches, especially the lucrative ones, and will tweak the overall tenure of the project.
  • The Bharat Bond Exchange Traded Fund (ETF), a basket of bonds issued by government-owned enterprises, could see collections to the tune of Rs 10,000 crore, market experts said. The product has been crafted to cater to both wholesale investors ( pension funds, insurance companies and provident funds) and retail investors.
  • The returns on the 3-year ETF are expected to be in the range of 6.5-6.6% while that on the 10-year ETF could be approximately 7.5%-8%. The bonds will be available for two maturities, three years and 10 years. The first tranche will comprise AAA-rated bonds.
  • Coal India (CIL) is in talks with Russian coal company Vostok-Coal-Diskon to participate in the extraction of coking coal and its imports from mines in the Siberian districts of Russia, Coal India executives said.
  • VostokCoal-Diskon is developing coal extraction facilities at the Taimyr coal basin of Taymyr Peninsula in central Siberia. It has been exploring the area since 2016 and has recently opened two deposits that would touch peak capacity of 30 million tonnes a year.
  • Global carbon emissions will hit record levels in 2019 as the use of natural gas soars – despite a decline in coal consumption and a string of countries declaring a climate emergency.
  • In its annual analysis of fossil fuel trends, the Global Carbon Project said CO2 emissions were on course to rise 0.6% this year, slower than previous years but still a world away from what is needed to keep global warming in check.
  • The European Union said that it will likely miss its target for reducing greenhouse gases by 2030, dealing a blow to the bloc’s efforts to be a leader in the fight against climate change.
  • The European Environment Agency said existing measures put the EU on course to cut its emissions of carbon dioxide and other planet-warming pollutants by 30% in the next decade compared with 1990 levels.
  • Currently, the 28-nation bloc is aiming for a reduction of 40% by 2030, and some leaders have called for this target to be raised to 55%, with a long-term goal of ending virtually all new emissions by 2050.
  • Amid expectations of another rate cut by the Monetary Policy Committee at the fifth bi-monthly monetary policy meet, economists believe that it may not have the desired effect as both business and consumer sentiments are subdued. However, economic growth is expected to be a tad better than the first half, on the back of the base effect and some improvements in consumption demand, according to Sunil Kumar Sinha, Principal Economist and Director, Public Finance, India ratings.