POST LOCKDOWN, CII FOR PHASED REOPENING
Why in news? Amid talks over over extending the 21-day nationwide lockdown, the Confederation of Indian Industry (CII) has suggested to the government to follow a phased reopening plan with sectors such as manufacturing and construction, that provide mass employment, re-started first Details: The CII also sought a fiscal support package for FY21 limited to […]
CENTRE SET TO REVAMP IT ACT
Focus: GS-II Governance, GS-III Industry and Infrastructure, Science and Technology, Prelims Why in news? The government will soon kick-start the process of revamping the nearly 20-year old Information Technology Act, 2000, with an aim to bring it in tune with the technological advancements with a focus on stronger framework to deal with cybercrimes. An expert […]
WORLD STOCKS PLUNGE INTO BEAR MARKET, OIL SLUMPS – CONSUMERS TO GAIN FROM CHEAP OIL?
Focus: GS-III Indian Economy, Industry and Infrastructure, Prelims Why in news? Global stocks plunged into a bear market and oil slumped further on 12th March 2020, after stimulus efforts from the European Central Bank failed to calm investors alarmed by U.S. moves overnight to restrict travel from Europe over the spread of COVID-19. The price […]
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 […]