India's April-July fiscal deficit at 26.8% of 2026/27 target
NEW DELHI: India’s fiscal deficit in the months of April-July stood at 4.55 trillion rupees ($47.81 billion), or 26.8% of the target for the financial year ending March 31, government data showed on Monday. The deficit in the same period last year stood at 4.7 trillion rupees. India has set its fiscal deficit target for the financial year 2027 at 4.3% of the GDP, or 16.96 trillion rupees. Net tax…
In Noida's Sector 62, a new data centre owned by Adani Group in partnership with Edgeconnex has emerged. This Rs 744-crore venture sits amidst a landscape that was once largely unremarkable, with only eight peepul trees remaining after their relocation on-site. The data centre, operational since the previous year, currently draws electricity from PVVNL, the government-owned distributor.
UPPCL, the state-level power utility, reports only 32 minutes of outages in the past six months, suggesting minimal need for the data centre's backup diesel generators, as per Adani's application. With an estimated electricity demand of 80 MW, this centre represents a significant customer for electricity providers. Adani Power Limited has applied for a distribution licence in the DC Park area of Noida, aiming to supply these data centres with reliable and uninterrupted power, including a larger share of green energy.
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