Narendra Modi Current Affairs - 2019
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India will host G20 Summit In 2022, when it celebrates its 75th year of Independence. It was announced by Prime Minister Narendra Modi during ongoing G20 meet of international grouping in Buenos Aires, capital of Argentina. This comes after Italy accepted India’s formal request to host this summit in 2021 as earlier it was going to host it in 2022. During the Buenos Aires G20 meet, India presented a nine-point agenda to the G20 countries calling for strong and active cooperation among them to comprehensively deal with fugitive economic offenders.
It is premier forum for international economic cooperation and decision-making for governments and central bank governors from 20 major economies to focus on economic issues and other important development challenges.
It comprises of total 19 countries plus European Union (EU), representing 85% of global GDP, 80% of international trade, 65% of world’s population. Its members include Australia, Argentina, Brazil, Canada, China, India, France, Germany, Indonesia, Italy, Japan, South Korea, Mexico, Saudi Arabia, Russia, Turkey, South Africa, UK, US and EU.
It was started in 1999 as meeting of Finance Ministers and Central Bank Governors in the aftermath of the South-east Asian (Tiger economies) financial crisis. It was established for studying, reviewing, and promoting high-level discussion of policy issues pertaining to the promotion of international financial stability.
In 2008, the first G20 Leaders’ Summit was held in Washington DC, US. Prior to this, it was merely forum for meeting of Finance Ministers and Central Bank Governors. The group has played key role in responding to the global financial crisis.
Prime Minister Narendra Modi laid foundation stone of City Gas Distribution (CGD) Projects of Union Ministry of Petroleum and Natural Gas in 65 Geographical Areas (GAs) in 129 districts under 9th CGD bidding round. He also launched 10th CGD Bidding Round in 50 GAs spread over 124 districts in 14 states.
Natural gas is superior fuel as compared with coal and other liquid fuels, as it is environment friendly, safer and cheaper fuel. It can be supplied through pipelines and hence, there is no need to store cylinders in kitchen and thus saves space. It is environment friendly fuel and its usage as domestic kitchen fuel, as fuel for transport sector as well as fuel for industries and commercial units can play a significant role in reducing carbon emission. It is 60% cheaper compared with petrol and around 45% cheaper when compared with Diesel.
Around 96 cities and districts in different parts of the country were covered for development of CGD networks till September 2018. As per commitment made by various entities in 9th bidding round, around 2 crore PNG (Domestic) connections and 4600 CNG stations are expected to be installed across the country in next 8 years. Various pre-project activities for these GAs already have commenced and efforts are being made to commence the physical works at the site. To further boost expansion of PNG/CNG network in India, Petroleum and Natural Gas Regulatory Board (PNGRB) has launched 9th CGD bidding round in April, 2018 for 86 GAs covering 174 districts in 22 States/UTs.
The development of CGD networks across India is focused to increase availability of cleaner cooking fuel such as PNG and transportation fuel (CNG) to all the citizens of the country. Its expansion will benefit industrial and commercial units by ensuring the uninterrupted supply of natural gas. It will also expand the potential coverage of CGDs to about 50% of country’s population, spreading over 35% of the area.
Currently, share of natural gas in India’s energy mix is just over 6% and aim is to reach 15% figure for mowing towards gas based economy, while world average is 24%. India aims to bring down its carbon emission level and number of initiatives have been taken in this direction such as BS VI fuel, bio-energy, LED bulbs, International Solar Alliance (ISA), Pradhan Mantri Ujjawala Yojana and providing clean piped gas supply to more cities.
India is also be enhancing LNG terminal capacity, renegotiating Indo-Qatar Gas deal and encouraging positive Indo-US engagement in this direction. It is not only focussing on increasing use and supply of gas, but also on producing gas through agro-wastes and other products and including same into CGD network. It has also increased its focus on promoting the usage of environment-friendly clean fuel, natural gas as fuel and feedstock across country to move towards gas based economy.
Tags: Chemical Industry • Chemistry • City Gas Distribution Projects • Compressed natural gas • Energy • Fuel gas • Gas based Economy • Government Schemes. Environment Friendly Fuels • Liquefied Natural Gas • Ministry of Petroleum and Natural gas • Narendra Modi • National • Natural Gas • Natural gas vehicle