• The combined fiscal deficit of states and the centre during the current year may go up to 14% against the mandated level of 6%, former Reserve Bank Governor C Rangarajan said.
  • India’s total wind-solar hybrid capacity is expected to reach 11.7 gigawatt (GW) by 2023, according to a recent report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research.
  • Continued focus on reform measures ushered in by the government will trigger a faster recovery of the economy with the industry confident of a bounce back sooner than expected, provided there is no second wave of pandemic, CII president Uday Kotak said.
  • Highways and infrastructure can spur the country’s economic growth, Union Minister VK Singh said, adding good quality road network leads to ease of doing business, goods transportation and economic growth.
  • India is planning to replace retiring coal-fired power plants with renewable generating capacity in a bid to cut the nation’s carbon footprint, power minister R. K. Singh said.
  • The World Trade Organization (WTO) revised upwards its forecast for the decline in world merchandise trade at 9.2% in 2020 as against 12.9% drop projected earlier, based on a strong trade performance in June and July as lockdowns were eased and economic activity accelerated.