State-owned CIL and its subsidiaries have spent a total amount of Rs 1,977.76 crore on Corporate Social Responsibility (CSR) during the last four financial years, according to official data. Coal India Ltd (CIL) and its subsidiaries have collectively spent Rs 489.67 crore, Rs 483.78 crore, Rs 416.47 crore, Rs 587.84 crore in financial year 2016-17, 2017-18, 2018-19 and 2019-20 respectively.
Coal India Ltd’s arm Central Coalfields is planning to install 80 Megawatt peak (MWp) ground-mounted solar power plant in the ongoing fiscal year. Central Coalfields Ltd (CCL) said that action has also been taken for installation of solar plants on rooftops as green energy to reduce day time demand.
The Organisation for Economic Co-operation and Development (OECD) forecast a deeper contraction of 10.2% for India in the current fiscal, surpassing its June estimate of -7.3% in the event of a second wave of infections, in its Interim Economic Outlook report.
The government informed Parliament that overall gross domestic product (GDP) at constant prices did not decline during any of the four quarters of 2019-20. Decline in the first quarter of 2020-21 was owing to fall in the growth rates in almost all the broad sectors, except Agriculture, forestry and fishing sector.