• Wonder Cement, one of the country’s leading cement manufacturing companies announced the launch of a digital campaign ‘Har Raah Mein Wonder Hai’. The campaign has been designed specifically to run on platforms such Instagram, Facebook & YouTube.  The campaign also marks Wonder Cement being the first ever cement brand to enter the world of IGTV. No other brand in this category has created content specific to the platform.
  • The objective of the campaign is to reach out to the end user digitally with a nice story, screenplay and script that encapsulates the journey of a cement bag.
  • Coal India found no takers for about 45% of fuel offered for annual supply at an auction, while the rest fetched an average premium of 8.5% over notified prices. Coal was offered to plants without fuel supply contracts or power purchase agreements (PPAs).
  • India’s solar and wind generation is expected to touch 135 gigawatt (GW) by the end of 2024 up from the 77 GW capacity it had reached in 2019, according to a recent report by renewable energy consultancy Bridge to India.

Projected solar and wind capacity, GWline graph

Projected solar and wind capacity, GWbar-graph

  • Despite widespread expectations of another increase, global energy-related carbon dioxide emissions stopped growing in 2019, the International Energy Agency (IEA) said.
    The US recorded the largest emissions decline on a country basis, with a fall of 140 million tonnes, or 2.9%.
  • Iron ore auctions are set to raise the cost of mining in eastern India, with premiums ranging between 90% and 135% for the seven mines bid for in Odisha till date. This is likely to erode margins of non-integrated steel players who do not have captive ore, said a new report by ICICI Securities.
  • JSW Steel which has been more aggressive in the auctions than the likes of Tata Steel and Arcelor-Mittal and has bagged four mines, is expected to be better off after the upcoming auction. It also said that the difference between domestic and imported ore prices will come down after the auction.
  • Finance Minister Nirmala Sitharaman on February 10, 2020 met industry representatives on the proposed direct tax dispute resolution scheme that provides opportunity to taxpayers to pay outstanding taxes and get waiver of interest and penalty.
  • With over ₹9 lakh crore worth direct taxes locked up in litigation, the government introduced ‘Direct Tax Vivad se Vishwas Bill, 2020’ in the Lok Sabha. Once passed by Parliament, the scheme would be notified and rules would be framed.