• India and the US have announced new areas of research on transformational power generation based on supercritical CO2 (sCO2) power cycles and advanced coal technologies, including carbon capture, utilisation, and storage (CCUS), the Ministry of Science and Technology said.
  • Coal India (CIL) launched a special category of e-auction for importers of coal. This is in line with the government’s declaration to bring down coal imports to zero.
  • Coal India has introduced a special spot e-auction scheme for importers to boost sales and reduce India’s dependence on imports. Buyers including traders who imported coal after March 2018 are eligible for bidding under the scheme.
  • The Coal Ministry is devising a single window clearance mechanism for faster online application processing for various approvals, including environmental clearance, required for operationalisation of coal blocks.
  • ICRA sharply revised its forecast on the contraction in the Indian economy to 9.5% for 2020-21 from its earlier assessment of 5%.