Coal Current Affairs - 2020

“Vriksharopan Abhiyan” to be launched by Home Minister

On July 23, 2020, Home Minister Amit Shah will launch “Vriksharopan Abhiyan”. The minister is to launch the scheme through video conference in more than 130 locations spread in 38 districts.

The scheme will focus on creating green spaces by planting tree saplings in mined out areas.

Highlights

The scheme is to be launched in the presence of Union Minister of Coal and Mines Shri Pralhad Joshi. Mr Amit Shah will also lay foundation stone to six eco parks and tourism sites.

About Eco Parks and Tourism Sites

The tourism sites and Eco Parks will provide avenues for adventure, recreation, water sport, bird watching, etc. in the nearby areas. These sites will generate revenue and also create employment for local people.

About the Scheme

The Vriksharopan Abhiyan will be implemented by Ministry of Coal. Under the scheme large scale plantation is to be carried out in mines, offices, colonies and other sustainable areas of lignite and coal PSUs.

“Going Green” is the key thrust area of the coal sector. It involves maximization of green cover through ecological reclamation

Background

Three PSUs NLC India Limited, Coal India Limited and Singareni Colliries Company Limited have set ambitious target to achieve the following

  • To cover 1,789 hectares of land under bio-reclamation
  • To cover 1626 hectare under plantation
  • To create grass land in 70 hectares
  • To create hi-tech cultivation in 90 hectares
  • To create Bamboo plantation in 3 hectares.

23.4 % decline in Growth Rate of Eight Core Industries in May 2020

Index of the Eight Core Industries for the month of May 2020 was released on 30th June 2020. The index was released by the Office of Economic Affairs (under the Department for Promotion of Industry and Internal Trade). Out of the total items included in the Index of Industrial Production, the Eight Core Industries comprises of 40.27 percent weight of the total.

The Eight Core Industries are: (i) Coal (ii) Crude Oil  (iii) Natural Gas (iv) Refinery Products  (v)Fertilizers (vi) Steel  (vii)Cement  (viii) Electricity

Highlights from the Index

Growth Rate of the Eight Core Industries has improved from a -37 percent in April 2020 to -23.4 percent in May 2020. The negative Growth Rate is due to the effects of Nationwide Lockdown in the months of April and May 2020.

Growth Rate of the Eight Core Industries in 2020:

  • January: +2.2 percent
  • February: +6.4 percent
  • March: -9.0 percent
  • April: -37 percent
  • May: -23.6 percent

Among the Eight Core Industries, only the Fertilizers Industry has been able to register an increase in growth rate in the month of May 2020 when compared to May 2019. Rest all 7 Industries have witnessed a decline.

In May 2020, when compared with May 2019, the Steel Industries have registered the highest decline of 48.4 percent among the Eight Core Industries.