Andhra Pradesh govt nod for Rs 15,000 crore green power projects
The State Investments Promotion Board (SIPB) of the state government headed by chief minister Y S Jagan Mohan Reddy had cleared the projects worth 15,000 crore in green energy.
These projects would generate 3,000 crore revenue to the state government and 10,000 jobs to the people.
The chief minister chaired the SIPB meeting held at his Tadepalli camp office on Wednesday, which cleared pump storage projects proposed by Adani Green Energy with a total capacity of 3,700 MW. This was part of the 60,000 crore projects proposed by the Adani Group in the state. The proposal was cleared at the World Economic Forum meeting held in January this year.
The Adani Group had come forward to invest 15,740 crore providing employment for 10,000 people. The projects would come up in Parvathipuram and YSR districts. In Parvathi Puram, a 1,200 MW capacity plant will be set up in Kurukutti, and a 1,000 MW plant in Karrivalasa.
Meanwhile, a 1000 MW will be set up in Gandikota while 500 MW plant in Chitravathi. In each of these districts, Adani Group has proposed that they will be generating 3,000 jobs in Kurukutti, 3,000 in Karrivalasa, 1,500 in Chitravathi and 2,500 in Gandikota.
The project would commence in December 2022 on 1,490 acres of land each and would be commissioned in December 2028. The state government has decided to take the lands from the farmers at a cost of 30,000 per acre.
Iran applies to join BRICS group of emerging countries
Iran has submitted an application to become a member in the group of emerging economies known as the BRICS.
Iran’s membership in the BRICS group, which includes Brazil, Russia, India, China and South Africa.
Russia has long been pushing to forge closer ties with Asia, South America and the Middle East, but it has intensified its efforts recently to weather sanctions imposed by Europe, the United States and other countries over its invasion on Ukraine.
Hamad International Airport named World’s Best Airport 2022
Qatar’s Hamad International Airport has been named the World’s Best Airport for the second year running. The announcement took place at the Skytrax 2022 World Airport Awards, held at Passenger Terminal EXPO in Paris, France.
- Kempegowda International Airport, Bengaluru (BLR Airport)was named the finest regional airport in India and South Asia. Customers voted for the airport with the greatest customer service every year in a global study, and BLR Airport received this honour.
- Singapore Changi Airport(World’s Best Airport Staff Service and World’s Best Airport Dining).
- Istanbul Airport(World’s Best Airport Shopping and Most Family-Friendly Airport).
World Bank approves $250 mn loan for road safety
The World Bank has approved a $250 million loan to support the Government of India’s road safety programme for seven States under which a single accident reporting number will be set up to better manage post-crash events.
The India State Support Program for Road Safety, financed by the World Bank, will be implemented in Andhra Pradesh, Gujarat, Odisha, Tamil Nadu, Telangana, Uttar Pradesh and West Bengal. The $250 million variable spread loan from the International Bank for Reconstruction and Development (IBRD) has a maturity of 18 years including a grace period of 5.5 years.
The project will also establish a national harmonised crash database system in order to analyse accidents and use that to construct better and safer roads.
It will also fund network expansion of basic and advanced life support ambulances and training of first responder caregivers to road crash victims on the spot.
The project will also provide incentives to the States to leverage private funding through Public Private Partnership (PPP) concessions and pilot initiatives.
According to a World Bank study, road crashes are estimated to cost the Indian economy between 5% to 7% of GDP a year. Official government data show that each year road accidents in India kill about 1,50,000 people and injure another 4,50,000. More than half of the victims are pedestrians, cyclists, or motorcyclists and almost 84% of all fatalities are among road users between the working ages of 18-60 years.
India successfully conducts VL-SRSAM missile test off the coast of Odisha
Off the coast of Chandipur, in the state of Odisha, India successfully tested the Vertical Launch Short Range Surface to Air Missile (VL-SRSAM). Defence Research and Development Organization (DRDO) and Indian Navy successfully conducted flight tests for the Vertical Launch Short Range Surface to Air Missile (VL-SRSAM). Off the coast of Chandipur, Odisha, the launch was carried out from an Indian Naval Ship.
A ship-borne weapon system called VL-SRSAM is designed to eliminate close-range aerial threats such targets that skim the surface of the sea.APPSC GROUP 1 Notes brings Prelims and Mains programs for APPSC GROUP 1 Prelims and APPSC GROUP 1 Mains Exam preparation. Various Programs initiated by APPSC GROUP 1 Notes are as follows:-
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