Business, Economy & Banking Current Affairs - 2019

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National Productivity Week: February 12-18, 2019

National Productivity Council (NPC) is celebrating National Productivity week from February 12th to 18th, 2019. This year, the theme is “Circular Economy for Productivity & Sustainability”. This theme will help NPC to meet its zero waste goal.The above theme is decided by looking into the different national objectives of sustainable growth and commitments with respect to different sectors. Themes are always used as they help in information dissemination and aid in the adoption of new processes for growth and modernization.

What is Circular Economy?

Circular Economy is based on the model of Make, Use and Return. It controls the finite stocks and reuses them by recycling and thus balances the resource flow. The key advantages of Circular Economy are as follows:

  1. It will increase productivity.
  2. It will create more jobs.
  3. It will reduce carbon emission thus preserving valuable raw materials.

Circular Economy system increases the product life span through improved design and servicing and relocating wastes from the end of the supply chain to the beginning.

Other Initiatives taken by NPC to accomplish the goal of converting linear economy to circular economy are:

  1. New Solid waste management rules to fulfill the Swacch Bharat objectives.
  2. Trained energy professionals in various industrial sectors.
  3. To meet 50% of NDC target, 18640 certified energy auditors have been prepared.
  4. Through 10-15 annual workshops from the last 12 years, 8000 boiler supervisors have been trained who are experts on efficiency and safety issues.
About the National Productivity Council

National Productivity Council is an autonomous registered society under DIPP (Department for Promotion of Industry and Internal Trade), Ministry of Commerce & Industry. It was established in the year 1985. Its core function is to promote and adopt the new and improved culture of productivity in India.

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National Gas Grid

The Union Government has envisaged the development of the National Gas Grid. The government is implementing various projects of about 14,239 Km gas pipelines which would add to the existing 16,788 Km natural gas pipeline.

Authorisation Authority

Under the Petroleum and Natural Gas Regulatory Board Act, 2006 Petroleum and Natural Gas Regulatory Board (PNGRB) has been recognised as the authority to grant authorization to the entities for the development of City Gas Distribution (CGD) network in Geographical Areas.

Petroleum and Natural Gas Regulatory Board identifies the geographical areas for authorizing the development of the CGD network in synchronization with the development of natural gas pipeline connectivity/ natural gas availability.

Objectives of the National Gas Grid

The objectives of the National Gas Grid are:

  • To remove regional imbalance within the country with regard to access for natural gas and provide clean and green fuel throughout the country.
  • To connect gas sources to major demand centres and ensure availability of gas to consumers in various sectors.
  • Development of City Gas Distribution Networks in various cities for the supply of CNG and PNG.

The National Gas Grid together with providing gas connections to households will provide better infrastructure for automobiles using gas. The National Gas Grid will also aid in renewing of the fertilizer sector and also give a boost to the Power and Automotive sector.

Month: Categories: Business, Economy & BankingUPSC