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India to import onions to keep prices in check

Bloomberg India will import 100,000 tons of onions, Food and Consumer Affairs Minister Ram Vilas Paswan said in a message on Twitter, in a bid to curb rising prices. State-owned trading firm MMTC Ltd will import the onions so that they are available for distribution between November 15 and December 15, the minister said. State co-operative National Agricultural Cooperative Marketing ...

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Japan’s Fukushima to start $2.7b renewables project

Bloomberg Work is set to begin on a $2.7 billion renewable energy project in Japan’s Fukushima, the site of one of the world’s worst nuclear disasters, the Nikkei newspaper said. The plan is for the wind and solar project to generate and transmit up to 600 megawatts of power, which will be supplied to Tokyo and the surrounding area, according ...

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Electricity demand in India falls for third straight month

Bloomberg India’s electricity demand declined for the third straight month, another indication of an economic slowdown that seems to be deepening. Electricity demand from distribution utilities declined 13.2% in October from a year earlier, data from the Central Electricity Authority showed. The slump began in August when the power requirement dropped for the first time in more than two years. ...

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