At least 109 out of 165 operational thermal power plants in India reported shortage in April-May, with govt pushing states & companies to import coal to meet demand.
To reduce its reliance on the US market, India has been expanding its trade diplomacy. After the Gulf Cooperation Council bloc-wide deal stalled, India signed a CEPA with the UAE.
Delivering MPC statement Friday, RBI guv said the central bank will buy Rs 500 bn of bonds on 11 Dec & similar amount on 18 Dec. It will hold $5 billion of buy/sell swap on 16 Dec.
New Delhi is interested in firming up bilateral agreements for increased trade, mobility, upgrade of Su-30 MKI fighters and the increased range of BrahMos supersonic missiles.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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