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All you need to know about one of the most powerful people at Google

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.

While electricity consumption fell by a fifth, the state saw a 80% fall in revenue collections during the lockdown period, with an estimated loss of Rs 2,500 crore in revenue collection during the June quarter following 3,200 million units of fall in consumption.

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.

In Facebook, we have found a partner who is a leading technology company globally, who can help us with a lot of things that we're doing, who can advise us, we can collaborate on areas. Also, you know, Facebook, understands this business, understands the space, so they understand the Jio story better than most others would do, Anshuman Thakur said.

The way forward is to policy design a vibrant market for ore, so that steel and other metal producers face no uncertainty in procuring minerals and other raw materials at competitive rates.

JSPL chairman Naveen Jindal said the company plans to stick to its debt reduction initiative by reducing overall debt to Rs. 25,000 crore in two years, and that it is “always open to good opportunities for divesting”.

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.