India registered a trade surplus after almost two decades with the balance in June turning in the country’s favour at $790 million, official data showed. India’s exports contracted for the fourth consecutive month and shrank 12.41% to $21.91 billion in June while overall imports plummeted a steep 47.59% to $21.11 billion.
Anil Kumar Jain, Secretary, Ministry of Coal, Govt of India has said that if need arises, the government will spend Rs 50,000 crore to improve the coal evacuation infrastructure. This will further improve coal transportation and support the industry as well.
The coal ministry plans to link the mining plan portal with Parivesh website. PARIVESH is a single-window hub for online submission, monitoring, and management of proposals submitted to the Environment Ministry by project proponents to seek various types of clearances. Coal Secretary Anil Kumar Jain said that the government has taken steps for the ease of doing business in the coal sector.
The annual rate of inflation, based on monthly Wholesale Price Index (WPI), stood at (-1.81%) (provisional) for the month of June, 2020 as compared to 2.02% during the corresponding month of the previous year, the Industry Ministry said.
The renewable energy sector in the country reported a 72% drop in new capacity addition during the first quarter of this fiscal when compared with the year-ago period. The segment added just 592 MW of new capacity during April-June 2020 (2,151 MW).
According to a recent research by BloombergNEF (BNEF), the global investment in new renewable energy capacity, excluding large hydropower dams, stood at $132.4 billion in the first half (H1) of 2020, up 5% from a revised $125.8 billion in the same period last year despite COVID-19. It, however, added that onshore wind investment slipped 21% to $37.5 billion, while that for solar fell 12% to $54.7 billion.