THERMAL COAL IMPORTS FOR 2019 RISE 12.6%
Focus: GS-III Indian Economy, Industry and Infrastructure Why in news? India’s thermal coal imports rose 12.6% to nearly 200 million tonnes in 2019, government data reviewed by Reuters showed, reflecting the second straight year of growth in shipments of the fuel despite attempts by the government to cut imports. India’s Coal Imports Coal is among […]
NCLT APPROVES COCHIN SHIPYARD’S TEBMA PLAN
Focus: GS-III Industry and Infrastructure, Indian Economy Why in news? The Chennai bench of the National Company Law Tribunal (NCLT) has approved the ₹65-crore resolution plan submitted by Cochin Shipyard Limited for Tebma Shipyards Limited. NCLT noted that the resolution plan value was lower than the liquidation value of about ₹89.09 crore. However, it said […]
ONGC HAS BEGUN WORK ON MEGA EAST COAST PROJECT IN KRISHNA GODAVARI BLOCK
Focus: GS-III Industry and Infrastructure, Prelims Why in news? Oil and Natural Gas Corporation Ltd (ONGC) has tested the first deep-water well at its largest block in the Krishna Godavari basin. India’s Current stand on Clean Energy India’s emerging green economy is reordering the country’s energy mix to meet its global climate change commitments. These […]
IN PUSH FOR NEIGHBOURHOOD FIRST POLICY: INDIA PLANS A COMMON ELECTRICITY MARKET
Focus: GS-II International Relations, GS-III Industry and Infrastructure, Indian Economy Why in news? The Union government plans to set up a regional grid that will be leveraged to create a common electricity market for nations in India’s neighbourhood, said power and new and renewable energy minister. The proposed market, which will include Myanmar, Sri Lanka, […]
OIL UP OVER 2% ON OPEC CUT, STIMULI HOPES
Focus: GS-III Industry and Infrastructure Why in news? Oil prices jumped more than 4 per cent, up from multi-year lows hit earlier on 2nd March 2020, as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak. The unprecedented disruption to […]
PUSHING THE WRONG ENERGY BUTTONS
Focus: GS-III Industry and Infrastructure Why in news? Nuclear Power Corporation of India Limited and Westinghouse Electric Company have finalized the techno-commercial offer for the construction of six nuclear reactors in India at the earliest date. Concerns Because of the cost and safety, the two organisations should have been told to abandon, not finalise, the […]
Lithium Reserve Found in Mandya near Bengaluru
Why in news? Reserves of lithium, a rare metal critical to build batteries for electric vehicles, have been discovered in Mandya, 100 km from Bengaluru – a find that should boost local manufacturing of EV batteries. Details Researchers at the Atomic Minerals Directorate, a unit of India’s Atomic Energy Commission, have estimated lithium reserves of […]
CONCESSION AGREEMENT SIGNED FOR CONSTRUCTION OF Z-MORH TUNNEL IN J&K
Details: 6.5 km long Z-Morh tunnel in J&K The project includes construction, operation and maintenance of the tunnel with approaches on NH-1 at Srinagar-Sonmarg-Gumri Road from 61 km to 89.30 km on Design, Build, Finance, Operate and Transfer (DBFOT) Annuity basis.
150TH ANNIVERSARY CELEBRATION OF KOLKATA PORT TRUST, RABINDRA SETU
Why in news? 150th anniversary celebration of Kolkata Port Trust in Kolkata happened on 10th January 2019. Decorative Lighting of the Rabindra Setu was done, giving it a more heritage look. This is formed as a new interactive show which is expected to help attract tourists. About Rabindra Setu Rabindra Setu, formerly Howrah Bridge, was […]
ORDINANCE PROMULGATED FOR AMENDMENT OF MMDR ACT AND CMSP ACT
Why in news? The ordinance for amendment in the MMDR Act 1957 and the CMSP Act 2015 has been promulgated. The Union Cabinet had earlier approved the amendments intending to open up new areas of growth in the coal & mining sector. Details The amendments in the Acts would enable the following: Enhancing the ease […]