NEW DELHI: Business activity in India is normalising with consumption and demand rapidly approaching the pre-Covid levels, Prime Minister Narendra Modi said while launching the first-ever auction of coal mines for commercial mining on Thursday.
\n\u201cThe auction is taking place at a time when business activity in India is normalizing rapidly. Consumption and demand are rapidly approaching the pre-Covid levels. In such a situation, there cannot be a better time for a new beginning,\u201d he said pointing to the sharp rise in demand for fuel and electricity \u2013 the main indicators of economic activities.
\nThe PM\u2019s statement underlines his government\u2019s intention to allow resumption of more economic activities from next month, something he made clear during discussions with chief ministers on Monday and Tuesday by saying it was time to think about \u2018Unlock-2\u2019.
\nThe PM said the coal block auction will usher in an era of competition and transparency in the sector and see India turning the Covid-19 pandemic into an opportunity. Altogether, 41 coal mines have been put on the block, which he said will attract investments of Rs 33,000 crore over the next five years and take the country towards self-reliance in energy.<\/p>\n","protected":false},"excerpt":{"rendered":"
NEW DELHI: Business activity in India is normalising with consumption and demand rapidly approaching the pre-Covid levels, Prime Minister Narendra Modi said while launching the first-ever auction of coal mines for commercial mining on Thursday. \u201cThe auction is taking place at a time when business activity in India is normalizing rapidly. Consumption and demand are rapidly approaching the pre-Covid levels. In such a situation, there cannot be a better time for a new beginning,\u201d he said pointing to the sharp rise in demand for fuel and electricity \u2013 the main indicators of economic activities. The PM\u2019s statement underlines his government\u2019s […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[222,130,137],"tags":[],"class_list":["post-358394","post","type-post","status-publish","format-standard","hentry","category-coal-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/358394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=358394"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/358394\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=358394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=358394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=358394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}