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Rotch Library - BF353.5.C55 M37 2019

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Total supplies to the sector have slumped almost 70% this month as against April 2019. Total sales are down 26%, production has declined 11% and stocks increased 60% to touch 76 million tonnes in April. Power companies refuse to take deliveries since their stockyards are almost full because of weak demand. Other consumers also have huge stocks as many plants are shut.

The development assumes significance in the wake of Prime Minister Narendra Modi yesterday giving directions to target thermal coal import substitution, particularly when a huge coal stock inventory is available in the country this year.

Underlining the significance of the power sector in propelling country's economy, Modi stressed on the need for effective enforcement of contracts for attracting private investments during the meeting, which was among others attended by Home Minister Amit Shah, Finance Minister Nirmala Sitharaman and Minister of State for power, skill and NRE R K Singh, it said.

Only 222 mw of solar capacity and 25 mw of wind capacity was installed in March as activities came to a halt following the Covid-19 outbreak, and installation would remain slow for another two months, said industry.

Discos collections across country have reduced by an unprecedented 80%, threatening power blackouts in India.

The data showed that India's power consumption was 110.11 BU in the corresponding month last year. The peak power demand met in April stood at 132.77 GW, almost one-fourth less than 176.81 GW in the same month a year earlier. The peak power demand met is the highest energy supply during the day across the country.

“The lowering of charges or return on equity has its implications. We are fiddling around what a regulated regime is and what equity holders expect when they have invested,” said a senior government official, who did not wish to be identified.

Apart from reopening our agricultural produce market committee, we provided farmers an advance of Rs 2,000 under the Pradhan Mantri Kisan Samman Nidhi Yojana — totaling about Rs 800 crore, says Vijay Rupani.

'India was seen as a natural alternative. While there’s been a lot of talk about supply chains shifting, in reality nothing much has happened. Much of the FDI in India in the past two years have been investments by Chinese handset producers and online marketing companies.'

"There are two big trends emerging. One is the relevance of the humble grocer and people have realised that they are so close to you… proximity, and (that’s) such a big benefit. The second would be on ecommerce. With people becoming more averse to stepping out, they would like to place the order from home and receive it at home. "

We are working to repurpose our novel monoclonal antibody Itolizumab (used in psoriasis) to treat complications caused by Covid-19 infection. If we can successfully establish the potential role for our molecule in treating Covid-19 complications, it will enable us to address a critical unmet need, Kiran Mazumdar-Shaw said.

"As 60% of the economy is already under lockdown, and some of this will take one or more quarters to be restored, any temporary adverse effects of policy change are even less than usual. At the same time the positive effects will start appearing as soon as the pandemic crisis is over," said the ex CEA in an interview with ET.

The Medicines Patent Pool is a United Nations-backed public health organisation that helps middle- and low-income countries get access to critical drugs. MPP executive director Charles Gore told ET’s Divya Rajagopal about the organisation’s plan to ensure equitable access of Covid-19 drugs and vaccines.