The Reserve Bank of India (RBI) on Wednesday reduced the policy repo rate by 25 basis points in its third bi-monthly monetary policy review of 2017-18. The current repo rate now stands at 6 per cent.

Coal will remain India's main energy source for the next three decades although its share will gradually fall as the country pushes renewable power generation, according to a government report seen by Reuters.

The government has unveiled the National Steel Policy (NSP) 2017 that lays out ambitious goals.

The policy is broadly seen as a continuation of government's protectionist stance against countries such as China and Russia.

India is the world's third largest emitter of greenhouse gases and relies heavily on coal, gas and oil imports to meet its energy needs and fuel its economic expansion.

Rosneft bought a 49 per cent stake in Essar Oil's refinery port and petrol pumps, while Netherlands-based Trafigura Group Pte, one of the world's biggest commodity trading companies, and Russian investment fund United Capital Partners split another 49 per cent equity equally.

The development of storage technology will help India combat pollution.

Two years ago, the prime minister had entrusted Piyush Goyal the task of reviving the country's comatose power sector. In an interview with BT's  Anilesh S. Mahajan, Goyal assured that he is well on his way towards delivering on the promise by tapping the synergies between the ministries under him.

Madhya Pradesh (MP) will soon float tenders for the auction of the Hatupur block which is likely to be completed in about forty days, mines secretary Balvinder Kumar said.

At present India has just over 10 GW of solar projects under development, with cumulative solar installations of 5,632 MW and about 8.4 GW expected to be auctioned off over the next few months.

Gautam Adani's port empire has expanded dramatically in the past decade. But it also faces challenges.

Coal Secretary Anil Swarup - who has held talks with companies including Tata Steel and SAIL - said the government could ask state-run Coal India to sign long-term contracts with steel companies to supply medium-grade coking coal that currently goes into power plants.

NTPC's cut back on buying costlier imported coal as well as augmenting domestic supplies has helped reduce fuel cost, chairman of the country's largest power generator A K Jha said.

The state-run company's productivity is estimated at one-eighth of its rivals in the United States, and as much as a fifth of its annual output is stolen, costing the company up to $1 billion each year.

Anil Swarup, the country's top coal bureaucrat, told Reuters on Friday the government has identified mines it plans to auction, and is now finalising other terms such as eligibility criteria for companies to take part and whether and how to set up revenue sharing.

In value terms, the decline was worth around Rs 18,000 crore. Record coal production by Coal India leads to further reduction in imports.

Despite India's honourable commitments to emission control under the COP21 talks at Paris, coal will continue to remain its largest source of energy to power its economic growth over the next 25 years.

The Shipping Minister said that he is hopeful of Parliament's nod on the bill to convert 111 rivers across India into National Waterways in the current Winter Session.

Vedanta has resumed operations in Goa following a 3-year gap after court action against illegal mineral extraction closed mining in the country's top iron ore exporting state.

But Finance Minister Arun Jaitley or the chief economic advisor Arvind Subramanian seem to be sure of India's economic resilience and its ability to hold out and grow in the midst of a China-triggered global economic slowdown.