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 […]