WHY IN THE NEWS?
WHY IN THE NEWS?
WHY IN THE NEWS?
WHY IN THE NEWS?
WHY IN THE NEWS?
WHY IN THE NEWS?
WHY IN THE NEWS?
Commerce and Industry Minister, Piyush Goyal, has been appointed as India’s Sherpa for G20.
About:
G20 (or Group of Twenty)
G20 is an intergovernmental forum consisting of 19 countries and the European Union (EU). This grouping works to address major issues related to the global economy like international financial stability, sustainable development and climate change mitigation. G20 comprises of largest economies, including industrialised & developing nations, of the world. it collectively accounts for 90 percent of gross world product, 75-80 percent of international trade, half of world’s land area and two-thirds of the global population.
Background
This grouping was founded in 1999 following a several world economic crises. Since 2008, it organises summits at least once a year, involving each member’s head of government or state, foreign ministers, finance minister, and other high-ranking officials. EU is represented by European Commission and European Central Bank.
Who is a Sherpa?
Sherpa is the personal representative of the head of state or government who prepares an international summit, specially the annual G7 and G20 summits. Sherpa is generally influential, but they do not have any authority to make final decision regarding any given agreement.
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Union Defence Minister, Rajnath Singh and Union Highways Minister, Nitin Gadkari inaugurated the Emergency Landing Facility on a National Highway in Rajasthan.
About:
How this was made possible?
Development of roadways as key infrastructure enabled the construction of high-quality expressways and highways, that can be used as runways with few modifications. These highways and expressways have a limited construction of additional infrastructure. As a result, they can be used to operate various types of aircraft during emergencies.
Who built this Facility?
National Highways Authority of India (NHAI) developed a three kilometres section of the Satta-Gandhav stretch on NH-925A, under the supervision of IAF.
About Emergency Landing Facility
This facility was developed on NH-925A from Km 41/430 to Km 44/430 for the IAF. It is a part of newly developed two-lane stretch of Satta-Gandhav and Gagariya-Bakhasar section in Barmer (Rajasthan). Total length of the highway is 196.97 kilometres, while the length of emergency landing facility is 3.5km. It costs worth Rs 765.52 crores under the Bharatmala Pariyojana. It was completed in 19 months.
Significance of Emergency Landing Facility
This facility will be used for road traffic flow on every day basis. However, during the operations of IAF, it will be used to facilitate the landing of all types of aircraft of IAF. It will improve the connectivity between villages of Jalore and Barmer districts in Rajasthan
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The government of India and Asian Development Bank (ADB) signed a $112 million loan in order to develop water supply infrastructure in the state of Jharkhand.
About:
ADB’s first project
How project will ensure sustainability?
In order to ensure sustainability, project will strengthen the capacity of Urban Local Bodies (ULBs) by developing an asset management strategy and training on design and implementation of urban projects. It will also introduce innovative technologies in order to minimize water losses in water treatment and distribution. It will also use a supervisory control and data acquisition system for water supply operation and geographic information system-based asset management in the state’s capital city, Ranchi.
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State of Tamil Nadu and Denmark have planned to create an energy island in Gulf of Mannar that lies between the west coast of Sri Lanka and south-eastern tip of India.
About:
Background
A delegation of experts from Denmark met Chief Minister of Tamil Nadu, M K Stalin on September 8, 2021 to discuss the plan. If the plan materialises, it will be India’s first offshore floating Wind Park.
Tangedco Solar power projects
Tamil Nadu and Denmark made their plan for the investments, days after the Tamil Nadu Generation and Distribution Corporation (Tangedco) announced to launch 20,000 Mw of solar power projects with adequate battery storage, 2,000 Mw of gas-based power units and 3,000 Mw of pumped storage hydroelectric projects. These projects will require loans of about Rs 1.32 trillion.
Denmark’s investment in Tamil Nadu
Value of Danish investment in Tamil Nadu in the period of January 2003 to January 2021 is estimated at $ 751.72 million. Some of the Danish companies operating in Tamil Nadu include Maersk, Vestas, Cubic, Danfoss, Grundfos, and FLSmidth.
India-Danish cooperation
Around 200 Danish companies are operating in other parts of India, including Ramboll, A.P. Moller Maersk, and Novo-Nordisk. In the last decade, Denmark has invested more than $1 billion in India. Indian companies operating in Denmark include Tata Consultancy Services, ITC Infotech, Infosys Technologies and L&T Infotech
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