Current Affairs April 2015

India ranks 13th in generating electricity from nuclear source

India ranks at 13th position in the world in terms of generation electricity from nuclear source.

This information was given by Minister of State (MoS) Dr Jitendra Singh in written reply in the Rajya Sabha to an unstarred question.

As per the written reply

  • The ranking was based upon the data published by Power Reactor Information System (PRIS) of International Atomic Energy Agency (IAEA) in 2014.
  • India’s current installed nuclear power capacity is 5780 MW. It is expected to increase to 10080 MW by 2019 on progressive completion of projects.
  • Union Government also has accorded sanction for two more projects with a total capacity of 3400 MW.
  • In future more nuclear power projects based both on indigenous technologies and with international cooperation are planned.
  • The total requirement of nuclear fuel i.e. natural uranium is over 5 five years is estimated to be around 5,940 tons.

It should be noted that India ranks 13th among the thirty one countries in the world which are generating electricity from nuclear source.

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India, Japan ink action agenda to boost trade, investment

India and Japan have signed a Five-point action agenda to increase bilateral trade and investment between the two nations.

The action agenda was signed between Japan’s Minister for Economy, Trade and Industry Yoichi Miyazawa and Minister of State (independent charge) for Commerce and Industry Nirmala Sitharaman.

The five-point agenda includes

  • Development of selected townships in India as Japanese industrial townships.
  • Promotion of investment and infrastructure development.
  • Further development and cooperation in IT sector.
  • Enhancing cooperation in strategic sectors.
  • Asia-Pacific economic integration.

This five-point action agenda is a follow-up of Prime Minister Narendra Modi’s visit to Japan in 2014 and will play important role in improving the trade relationship between India and Japan.

It also comes in line with Union Government’s flagship Make in India programme as it will further increase investments from Japan into the India’s manufacturing sector.

It should be noted that Japan is the fourth largest foreign direct investment (FDI) contributor to India. It’s major FDI interests is in automobiles, pharmaceuticals and services sectors which accounts for 7.46 per cent of total FDI equity inflows into India.

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