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By EquityPandit

INDIA

Centre Allows Thermal Power Plants to Charge Up To 25%

The centre on Wednesday allowed thermal power plants to “charge” as much as 25% amid rising electricity demand in states and a shortage of coal supplies and recommended that generators seek to import coal for blending of up to 10%. In addition, the Cabinet approved a policy to utilise non-minable land to develop and build coal- and energy-related infrastructure.


In an official statement, the Ministry of Electricity said certain power generation companies would allow charging facilities to use up to 25% of intermodal coal to avoid long-distance coal transportation. This comes after Union Power Minister RK Singh’s review of the operation of imported coal power plants and the blending of imported coal by states.


According to the official statement, Singh said: “This will allow states to make optimal use of their combined coals in plants closer to the mines, as it will be easier to send electricity rather than coal to distant states.” In the review chaired by Singh, a list of targets was drawn up for states and power producers to ensure coal is available for blending purposes. “The states and Genco have set targets and are urged to ensure coal delivery for blending ahead of monsoons, as domestic coal supplies are affected during the rainy season,” the statement said.


“The Minister reviewed the operations of imported coal plants and directed all procuring states to ensure that all ICB plants operate with fair and reasonable tariffs. It was decided to address all operational issues with ICB plants and make them fully functional,” the statement said. India is likely to face more power outages this summer, with utilities’ coal inventories remaining at their lowest levels in nine years before the summer, while power demand is likely to rise amid severe heatwaves across the country.

According to news reports, states like Maharashtra and Andhra Pradesh have already implemented mandatory blackouts. On Wednesday, Cabinet approved a separate policy that provides a framework for using land that is no longer suitable or economically unsuitable for coal mining activities; or land that has been mined and reclaimed for coal. “To promote the use of land mined or not suitable for coal mining and to increase investment and job creation in the coal sector, the Union Cabinet approved the Policy for the Use of Land Acquired under Coal Bearing Areas (Acquisition and Development) Act, 1957 (CBA Act),” the coal ministry said in a statement.

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WORLD

Xi Jinping Says China ‘Not Afraid’ as US-China Trade War Escalates

Dhruva Kulkarni

Xi Jinping addressed the US-China trade war for the first time, stating that China is “not afraid” of external pressures.

He criticised trade wars as having “no winners” and rejected reliance on foreign aid, highlighting China’s history of self-reliance.

The dispute has escalated, with US tariffs on Chinese goods reaching 145% and China retaliating with 84% tariffs, bans on Hollywood films, and market restrictions.

Xi is strengthening ties with Europe and Asia, engaging with Spain and planning visits to Vietnam, Malaysia, and Cambodia to build alternative trade alliances.

He urged the EU and Spain to resist “unilateral bullying,” emphasising deeper collaboration in energy, high-tech manufacturing, and smart cities.

With no resolution, China focuses on internal resilience and global outreach while sidelining direct US negotiations.

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WORLD

Russia, US to Discuss Diplomatic Missions in Upcoming Talks

Dhruva Kulkarni

Russia and the US will hold talks in Istanbul on Thursday to discuss normalising diplomatic missions, led by Russian Ambassador Alexander Darchiev and US Deputy Assistant Secretary Sonata Coulter.

The discussions aim to restore embassy operations after years of tensions, restrictions, and disputes over diplomatic property.

The State Department clarified that Ukraine is not on the agenda, emphasising that the talks focus solely on embassy functions. Both countries have struggled with diplomatic credentials, limiting embassy operations.

Russia has faced financial transaction difficulties due to Western sanctions, while US diplomats report movement restrictions in Russia.

A key issue is Russian diplomatic properties in the US, with six locations under restrictions, including estates, consulates, and trade missions.

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WORLD

China’s Central Bank Urges State Lenders to Cut Dollar Buying

Dhruva Kulkarni

Chinese sources said that the central bank is taking steps to stabilise the yuan, directing major state-owned banks to limit US dollar purchases on Wednesday.

China’s central bank is taking steps to prevent sharp yuan declines, directing major state banks to limit US dollar purchases.

The People’s Bank of China (PBOC) issued informal guidance asking banks to avoid buying dollars for their accounts and tighten checks on client transactions.

State banks were seen selling dollars and buying yuan aggressively to slow its decline in the onshore market.

The yuan has weakened by 1.3% this month, with its offshore counterpart hitting a record low.

Despite US tariffs on Chinese exports, China’s central bank will not use yuan devaluation as a response, focusing instead on financial stability.

The yuan rebounded slightly after the news, but concerns over the trade war’s impact on China’s economy remain high.

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WORLD

Musk Pushes Trump to Scrap Tariffs as Tesla Falls 42% in 2025

Dhruva Kulkarni

According to the Washington Post, Elon Musk urged US President Donald Trump over the weekend to roll back tariffs, but his efforts were unsuccessful. The dispute follows Trump’s announcement of a 10% baseline tariff on all imports and higher duties on several countries.

Neither the White House nor Musk responded to Reuters’ request for comments. Over the weekend, Musk, a Trump adviser, called for zero tariffs between the US and Europe during a virtual event at Italy’s right-wing League Party congress.

Tesla faces sharp sales declines amid backlash over Musk’s role in a new “Department of Government Efficiency.” Its stock closed at $233.29 on Monday, down over 42% this year. Musk has said Trump’s auto tariffs have a “significant” impact on Tesla.

Economists warn that these tariffs could drive up inflation, increase recession risks, and add thousands of dollars in costs for US families, posing a challenge for Trump, who promised to cut living expenses.

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WORLD

Japan’s Ishiba Plans US Visit to Push for Wider Tariff Deal

Dhruva Kulkarni

Japanese Prime Minister Shigeru Ishiba plans to visit the US soon to push for a broad tariff deal with President Donald Trump. Speaking in parliament on Monday, he said he would first urge Trump over a call to drop the planned 24% tariff on Japanese imports.

Ishiba emphasised that Japan is not acting unfairly in the dispute and outlined a proposal to resolve the issue of LNG, cars, agriculture, and national security. He aims to present a comprehensive deal, though he acknowledges it will take time.

Japan faces a 24% tariff on exports starting 9th April, alongside a 25% tariff on autos already in place. While officials have not ruled out a response, no clear retaliatory measures have been signalled.

During a February summit, Ishiba pledged to buy more US LNG and increase Japan’s investments in the US to $1 trillion. Despite this, Japan has not secured relief from the tariffs. The trade dispute impacts Ishiba politically, with his approval rating dropping to 30.6%, the lowest since he took office.

A JNN poll showed that 57% of the public supports retaliation. Meanwhile, concerns over the trade war have pressured Japanese stocks, with trading briefly suspended due to heavy selling.

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