Monday 2 February 2015

Top economic news of the day - February 02, 2015

The Centre said it will pump ~USD16bn for building four new steel plants of 20—24 million tonnes combined capacity in collaboration with the governments in four states.


Jet fuel prices have been cut by 11.3% bringing further relief to domestic airlines.

Increase in construction activity in the US is expected to drive the demand for construction chemicals in near future. 

According to the Freedonia Group’s new report, the demand for construction chemicals used in on-site applications is projected to grow 8.2% per year through 2018 to USD12.1bn in the US. 

The Centre said it will pump ~USD16bn for building four new steel plants of 20—24 million tonnes combined capacity in collaboration with the governments in four states.

To fast-track industrial activities, the government has granted environmental clearance to 190 projects worth an estimated ~USD101bn across sectors like mining and steel during the June-December 2014.

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