The country’s economy, which has shown resilience to come out from a downturn caused by the COVID-19 pandemic, is expected to bounce back from the next fiscal, State Bank of India chairman Dinesh Kumar Khara said. There will be a “paradigm shift” which will lead to a more matured economy” with economic players learning to contain costs, he said.
On the 5th day of the commercial coal auction, the Aditya Birla Group placed the highest bid for Radhikapur (East) coal mine at 16.75% revenue sharing. Aurobindo Realty and Infra placed the highest bid for Urma Paharitola coal mine at 26.5%.
Union Environment Minister Prakash Javadekar appealed to key industry leaders from steel, cement, power and pharmaceutical sectors to work with the government in combating climate change and help India achieve the targets set under the Paris Climate Agreement.
MSME Minister Nitin Gadkari suggested businesses to adopt cost-effective methods and modes such as waterways to bring down the logistics cost for bamboo products originating from India’s Northeast. Gadkari also stressed on the need for more intensive use of bamboo resources in India that are already used in multiple fields such as handicrafts, agarbatti making, garments, buildings and interiors, bio-fuel resource, etc. For the same, he also asked the Ministry of Development of North Eastern Region (DoNER) to come up with a Bamboo Policy since maximum bamboo production happens in the Northeast.