German industrial production fell for the first time in June
The Dollar Business Bureau Germany’s industrial output had unexpectedly declined in June - for the first time this year, a data by German Ministry of Economic Affairs revealed on Monday. However, the industrial production increased overall in the second quarter of this year. The production fell by 1.1% in June after increasing 1.2% in May, the data showed. But production in factories and construction companies in Germany was 1.8% higher in the period April-June compared to the previous quarter. The Ministry said the upward trend would continue as indicated from the order levels and favourable business climate. “As unexpected as today's drop in industrial production has been, the German economy is still on track to post another strong quarter,” Carsten Brzeski, an economist with ING ...
India wont need to import coal by 2017: Coal Minister
The Dollar Business Bureau The Minister of State for Power, Coal and New and Renewable Energy Piyush Goyal addressing at the Enrich 2015 - KPMG in India’s Annual Energy Conclave, in New Delhi on Monday. India is expected to be self-sufficient in energy production by 2017 and will no longer have to import coal to meet its domestic requirement, except for the costal power plants, Coal and Energy Minister Piyush Goyal said on Monday. Speaking at the ENRich 2015, India’s annual energy conclave organised by KPMG, Goyal said, “By 2017, India should not need to import thermal coal except for the coastal power plants. Era of shortages is over in coal sector.” Goyal stressed that India’s economy will register a ...
