Current Affairs Today - Current Affairs 2017

हिंदी करंट अफेयर्स प्रश्नोत्तरी 2017 के लिए यहाँ क्लिक करें.

First project under Prime Minister’s Ladakh Renewable Energy Initiative commissioned

The Union New and Renewable Energy Ministry has commissioned 1.5 MW Small Hydro Power (SHP) Plant in Biaras Drass, Kargil area of Jammu & Kashmir. It is first project to be commissioned under Prime Minister’s Ladakh Renewable Energy Initiative.

Key Facts

The Biaras SHP project was developed by Kargil Renewable Energy Development Agency (KREDA) under Ladakh Autonomous Hill Development Council (LAHDC). It will power Drass town in Kargil, which is one of coldest places in India.

Power from it will be sufficient to meet normal power requirement of about 1000 families, which would make them comfortable in extreme winter season. Such projects will be able to replace use of diesel to great extent at least for about 8 months in year and reduce greenhouse emissions in region.

Prime Minister’s Ladakh Renewable Energy Initiative

It aims to minimize dependence on diesel in Ladakh region to meet power requirement by diverting to local renewable sources. The Ministry of New and Renewable Energy is implementing project.

The approach is to meet power requirements through small/micro hydel and solar photovoltaic power projects and use solar thermal systems for water heating/space heating/cooking requirements. It also envisages setting up of 10 solar photovoltaic power plants in defence establishments.

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2nd Meeting of EAC-PM focuses on Job Creation, Social Sector and Infrastructure

The Second Meeting of Economic Advisory Council to the Prime Minister (EAC-PM) has spelt out ‘clear road map’ for government to ramp up job creation and infrastructure financing avenues while investing more resources in health, education and skill development. The meeting was chaired by Dr. Bibek Debroy, Member NITI Aayog.

Key Facts

The deliberations of EAC-PM took stock of economic and social analysis done by theme groups and evolving initiatives led by different Members. It identified key issues, strategies and recommended interventions in respect of these themes.

EAC-PM spelt out clear road map for stepping up skill development, job creation; enhanced resource investment in social sector- including for Health and Education and for boosting Infrastructure financing.

It formulated far reaching recommendations to guide evolving framework for 15th Finance Commission, including incentivization of states for achieving Health, Education and Social Inclusion outcomes.

It is also evolving design of a new Economy Tracking Monitor, linking economic growth indicators with social indicators for last mile connectivity.

It held that improvements are needed in National Accounts and innovative steps for unlocking growth, exports and employment potential including through transformation of India’s Gold Market.

EAC-PM

Prime Minister Narendra Modi has constituted five member EAC-PM in September 2017 as an independent body to provide advice on economic issues to the government, specifically to the Prime Minister. It consists of economists of high repute and eminence. It serves as an independent institutional mechanism, to provide informed advice to the Prime Minister on addressing issues of macroeconomic importance and related aspects.

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