RBI Governor Raghuram Rajan has already indicated that he is ready to use the country's foreign exchange reserves to curb volatility in the rupee as the Indian currency fell to its lowest level on Monday since late 2013.

Once the world's third-biggest iron ore exporter, India now resorts toimporting the steelmaking ingredient due to a court-led crackdown on illegal mining.

The country's largest steel maker had clocked a net profit of Rs 530 crore in the year-ago period, it said in a BSE filing.

Realising that clean technologies will be its primary weapon to win the battle against global warming, India has put in place certain measures. Supercritical thermal power plants and technology to convert garbage into fuel are some of them.

The report- Indian Mining & Metals: Ready for Transformation-launched on Wednesday, talked of the lack of investment in exploration and inadequate information on resources as key issues facing the mining industry.

Agriculture minister said, \"In the agriculture sector, there would obviously be some losses if there are deficient rains. We have confidence and policies in place to ensure there is minimum damage to agriculture sector and the overall economy.\"

\"I am delighted to announce that 60 new mines are to open in the coming days. A detailed mine-by-mine study has been made out and put on the (ministry) website\", said the minister.

India Inc expects major initiatives in key sectors like road, power, coal, non-renewable energy, mainly led by public sector investment, Assocham said on Sunday.

UPCL is a 1200-mw power plant based on imported coal and includes a captive jetty for coal imports.

Higher investments in R&D in solar manufacturing will help India compete with imported solar modules on both cost and technology in the long run.

Fast-track mine approvals, tighter production oversight and more flexibility in coal sales have helped power station stocks recover from a six-year low hit in October.

Coal imports in March were estimated to have risen 80 per cent to 24.73 million tonnes, according to mjunction data.

The public sector behemoth is banking on quicker land acquisition and environmental clearances, along with better technology to achieve the target.

Finance Minister Arun Jaitley on Saturday presented his maiden full-year Budget for the 2015-16 financial year in the Lok Sabha. Read the full text of his speech here:

The stiff competition may strain the balance sheets of the winners, including aluminium makers Hindalco Industries and BALCO, Jaiprakash Associates, Sunflag Iron and Steel, OCL Iron & Steel, Reliance Cement and Essar Power.

Oil minister Dharmendra Pradhan speaks to Anilesh S Mahajan on the govt efforts to curb leakages and ensure country's energy needs are secured.

The country has been importing iron ore over the last two years due to court-imposed restrictions aimed at curbing illegal mining in Karnataka and Goa.

Crude is country's largest import item by value, followed by gold. Together they accounted for 42 per cent of all imports in October.

Such investment would more than double the $400 million that railways have attracted in the decade since they allowed limited private participation and help fund crucial \"last mile\" links to ports.

\"To end a chronic coal shortage that cripples power plants, the Narendra Modi government will also spend about $1 billion by 2019 to buy railway wagons and transport coal from remote mines,\" Coal Secretary Anil Swarup told Reuters.