Centre plans to allow old coal plants to sell power : Bulletin: Business Today
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Centre plans to allow old coal plants to sell power

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Rashi Bisaria | December 7, 2020

Economic growth to bounce back to pre-Covid levels by FY22: Rajiv Kumar

With signs of economic revival visible, Niti Aayog Vice Chairman Rajiv Kumar hopes the economic growth could reach the pre-Covid levels by the end of the financial year 2021-22. "We should reach pre-COVID-19 levels at the end of the fiscal year 2021-22 for sure," Kumar told news agency PTI, adding that GDP de-growth in the current fiscal year is expected to be around 8 per cent.

Indian economy to enter 'Goldilocks' phase soon: Morgan Stanley

Asian economies - including India, China, Singapore and Indonesia - are set to brush aside the COVID-19 pandemic's impact and would enter the 'Goldilocks' phase in 2021, as per a Morgan Stanley research. Goldilocks economy -- not too much deflation, not too much inflation -- sustains moderate economic growth. In other words, that is the economy is in equilibrium: with economic stability, good employment figures and higher than global average growth.

Jio-Google 4G Android phone to launch in first quarter of 2021

Reliance Jio partnered with Google earlier this year to work on low-cost Android smartphones. These presumably 4G smartphones will, however, not launch this year. The phones which will be bundled by data packs were speculated to launch in December 2020. However, as per the current development, the Jio-Google smartphone might take a few more months.

Centre plans to allow old coal plants to sell power

The ministry of power has proposed to allow coal-fired plants to sell power after completing agreements with buyers. The development comes despite promises being made to shut down old plants nationwide to curb pollution levels. The proposal if approved would enable these old coal plants to earn additional revenue

Dabur, Marico approach ASCI over honey quality claims

FMCG firms Dabur and Marico have approached advertising regulator ASCI over claims regarding the quality of their honey brands. On Sunday, Dabur said it was filing a complaint against Marico before the Advertising Standards Council of India (ASCI) for claiming that its Saffola Honey sample passed the NMR test.

Thousands protest in London against India's farming reforms

Thousands of people protested in central London on Sunday over Indian agricultural reforms that have triggered mass demonstrations in India. Tens of thousands of farmers have protested in India against three laws the government says are meant to overhaul antiquated procurement procedures. Farmers fear the legislation, passed in September, will eventually dismantle India's regulated markets.

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