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December 2021
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News Headlines
BWF World Tour Finals: Lakshya Sen collapses in semi-final against Viktor Axelsen        Multiply an IVF-tech startup launches is its AI-based platform that will replace conventional processes in IVF clinics        At least 31 people killed by terrorists' attack on bus in Mali        Former chief minister of undivided Andhra Pradesh Konijeti Rosaiah dies at 88        1,495 teachers in Kerala schools yet to get vaccinated        Fourth case of Omicron in India, 33-year-old Maharashtra man tests positive for new COVID-19 variant        Actor Brahma Mishra found dead at his residence in Mumbai        “Comeback King"-A short-film by KKR on Sunil Narine’s incredible journey as a cricketer        Honda sets up battery sharing service subsidiary in India        Record low birth rates in China        No travel bans imposed by India for Omicron: MEA        CPI(M) local leader hacked to death        Two confirmed cases of Omicron detected in Karnataka        BWF World Tour Finals: Sindhu makes winning start; Lakshya also through        Depositors of PMC Bank to get pre-Covid interest rate        Vaccinated California man first in US to test positive for Omicron        Kerala determined to prevent new HIV infections by 2025, says CM Pinarayi Vijayan        Doctors can’t be always blamed for negligence in deaths, says Supreme Court        Tourist inflow in J&K hit 7-year high in November: Govt        isl: Odisha come from behind to beat SC East Bengal in 10-goal thriller        
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Business News
Non Coking Coal import reduces by 16 pc from 2019: Coal ministry
 
New Delhi, Dependence over import of Non Coming Coal reduced by 16 per cent in the first five months of financial year 2021-22, Coal Ministry said on Tuesday.

"In the first five months of the Financial Year 2021-22 i.e. up to August 2021 (Firm import data is available up to August,21), the import of all varieties of Non Coking Coal has reduced to 70.85 MT from 84.44 MT during the corresponding months of the financial year 2019-20 representing a decline of about 16.09 per cent, the ministry said.

The financial year 2020- 21 was not accounted for comparison purpose since industrial production was severely affected during this year due to COVID-19 related restrictions where the decline was observed around 21 per cent, the ministry clarified.

The ministry said that the reduction of imports of low calorific value (low GCV) of Non Coking Coal which is mainly used in power sector is even more significant.

"During FY 2021-22 upto Aug 21, the imports of such grades of coal have decreased by about 47 per cent to 15.24 MT from 28.69 MT during the same period of FY 2019-20," the Ministry noted.

"Due to substantial reduction of import of Non Coking Coal in the current year, the total import of coal has also reduced to 94.15 MT in the period from April to August 2021 compared to 107.01 MT during the corresponding period of FY 2019-20, a decrease of about 12 per cent," it added.

The reduction in import holds significance to the rise in domestic production in line with the Modi government's Aatmanirbhar Bharat Mission, according to the ministry.

"This has resulted in considerable financial savings in the current year as coal prices are going up sharply in the international market," it said.


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INTERNATIONAL NEWS
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NATIONAL NEWS
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