Current Affairs - January, 2019

Latest Current Affairs January, 2019 with Current Affairs, news summary on current events of National and International importance of January, 2019 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

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Renaming of Department of Industrial Policy and Promotion (DIPP)

The Department of Industrial Policy and Promotion (DIPP) has been renamed as the Department for Promotion of Industry and Internal Trade.

Mandate for the Newly Named Department

The newly named department will work under the Union Ministry of Commerce. The order issued by the President states that the department would deal with matters related to start-ups, facilitating ease of doing business among others.

The subject matter of internal trade which was under the ambit of the Ministry of Consumer Affairs has been transferred to the newly named department.

With this new mandate, both internal and external trade has been brought under a single Ministry (Ministry of commerce and industry). This will ensure better coordination and help in promoting the growth of both segments of the trade.

Why the new mandate?

For a long time Confederation of All India Traders Association (CAIT) was demanding for a separate Ministry of Internal Trade. CAIT sees the creation of a separate department by merging Internal and external trade is a step forward in the creation of a separate Ministry.

Minister of Railways Piyush Goyal awarded Carnot Prize

The Union Minister of Railways and Coal, Piyush Goyal has been awarded the Carnot Prize 2018 for the transformational changes brought by him during his tenure as Union Minister of Power.

Piyush Goyal during his tenure as Union Minister of Power, coal, new and renewable energy, and mines brought in transformational changes in the Power Sector which includes fast-track electrification of nearly 18,000 villages in some of the most remote and inaccessible parts of the country, rolling out a comprehensive power sector reform plan UDAY, the world’s largest LED bulb distribution program, and the world’s largest renewable energy expansion program. The award honours his exceptional service towards reforming the power sector in the country.

Accepting the award Piyush Goyal announced that government has embarked on an ambitious programme to ensure 100 per cent electrification of Railway’s grid in the next five years.

About Carnot Prize

The Carnot Prize is the annual recognition by the US-based Kleinman Center for Energy Policy for distinguished contributions to energy policy through scholarship or practice.

The prize has been named after French scientist Sadi Carnot, who in 1824 published Reflections on the Motive Power of Firewhich became the basis for the second law of thermodynamics. Carnot recognized that the power of the steam engine would “produce a great revolution” in human development.

The Carnot Prize is awarded to honour those who have revolutionized our understanding of energy policy.

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