Monday, May 23, 2022
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economy

Construction sector sends SOS to PM, says hit by steep rise in material prices

Construction sector bodies have written to the PM to provide relief to the sector from an unusual steep rise in prices of raw materials

Index of Eight Core Industries increases by 5.8% in February

Synopsis: The combined Index of Eight Core Industries stood at 137.1 in February 2022, which increased by 5.8% as compared to February 2021. The production of coal, natural gas, refinery products, steel, cement and electricity industries increased in February year-on-year

Coal price hike most urgent for CIL, survival of certain subsidiaries at stake: Chairman

Synopsis: A price hike has become most urgent for state-run Coal India Ltd (CIL) and without it, the survival of certain CIL subsidiaries is at stake, said Chairman and Managing Director (CMD) Pramod Agrawal

Budget 2022-23: Sitharaman urges India Inc to participate in virtuous cycle of investments

Synopsis: Four days after the Budget 2022-23 presentation, Finance Minister Nirmala Sitharaman has urged India Inc to participate in the virtuous cycle of investments so that the opportunity to place India in a higher growth trajectory as it moves towards 100 years is not lost

Govt keen on infrastructure investment for revival of economy: MoHUA Secretary

Durga Shanker Mishra said that the government is keen on infrastructure investment as it helps in the revival of the economy

Construction of roads can spur economy at a time like this: Gen VK Singh

He also urged the industry to use more innovative solutions to ensure the construction cost is reduced

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