• The government should step up expenditure to spur consumption and improve ease of doing business to rev up the economy, new FICCI president Sangita Reddy said.
  • Reddy also said that the government needed to focus on “clusters,” besides undertaking labour reforms, to boost manufacturing in the country. To spur consumption, we need to put money into the system.
  • The rate of inflation at the wholesale level surged to a seven-month high of 2.59% in December. As with retail inflation, the rise in prices of food products, especially vegetables and pulses, was the main reason for the spurt.

  • A wholly owned renewable-energy arm of Tata Power Co. Ltd. has received letter of award from NTPC Ltd. for a 250 MW solar power project worth Rs 1,505 crore. With this order, the order book of Tata Power Solar Systems stands at approximately Rs 7,600 crore, including external and internal orders.
  • The renewable energy sector has made rapid strides with 50 GW plus of new capacity coming into the grid in the last five years.
  • The December quarter of 2019 saw India’s cumulative clean energy capacity cross 85,000 MW, of which more than 50,000 MW of new capacity addition was achieved in the past five years.