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India short of coal, accepts power minister; politicos from rival parties slam govt

New Delhi, July 17 (ANI): India's power and coal minister Piyush Goyal has admitted that the country is running dangerously low on coal that has led to a shortage of power supply in many parts in the country. Even though Goyal passed the buck onto the previous UPA government, Congress leader Ambika Soni said that rather than blaming the UPA, the current government should take action to solve the problem. Last week Goyal urged power companies to raise thermal coal imports after saying that 26 out of 100 coal-based power plants in India had "super critical" stocks. However, opposition parties are urging the government to use up saved coal in India rather than importing it to provide cheap electricity to people. Jul 17, 2014
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Electricity Will Continue to Become Costlier in India?

India is not only facing shortage of coal at power plants, it's domestic production of the fuel has also declined. It will now have to depend on the imported raw material which is likely to hike the power tariff sharply. Jul 17, 2014
A broker monitors share prices while trading at a brokerage firm in Mumbai

Rupee Dips, Sensex and Nifty Gain as June's Inflation Eases

On Tuesday, the broader Nifty and Sensex opened on bullish note by 37.15 points and 93.92 points after falling for previous four sessions due to sale of shares by foreign investors last week. According to Reuters report, the surge was attributed by June's consumer inflation rate report; that slowed to a low of 7.31 percent ahead of the RBI's policy review on 5 August. Jul 15, 2014
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