15th FC submits its report
The Finance Commission (FC) submitted its report for the financial year 2020-21 to President Ram Nath Kovind. The Commission headed by N K Singh apprised the President of the recommendations contained therein.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22287-15th-fc-submits-its-report.html
#15thFC #FinanceCommission #NKSingh #Article280
Kuala Lumpur summit
Pakistan Prime Minister Imran Khan will attend the Kuala Lumpur Summit 2019 in Malaysia that would provide him an opportunity to exchange views and find solution to the challenges facing the Muslim world particularly governance, development, terrorism and Islamophobia, the Foreign Office said.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22286-kuala-lumpur-summit.html
#KualaLumpur #ImranKhan #KL #Malaysia #GRF
UDAN 4.0
The civil aviation ministry said bids have been sought for six underserved and 24 unserved airports and airstrips in the North East region under the latest round of regional air connectivity scheme.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22285-udan-4-0.html
#UDAN #Assam #NCAP #VGF #ArunachalPradesh #UmrangsoReservoir
Pakistan submits to FATF report
Pakistan has submitted answers to the remaining 22 questions posed by the Financial Action Task Force (FATF), detailing the actions taken by the government to curb terrorism and money laundering after it put Islamabad on notice.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22284-pakistan-submits-to-fatf-report.html
#Pakistansubmits #FATFreport #UnitedNations #FATF
'Kalia' to be merged with PM-KISAN
The Odisha government has decided to merge its flagship scheme to provide assistance to farmers with the Centre's Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) yojana, apparently due to financial constraints, a state minister said.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22283-kalia-to-be-merged-with-pm-kisan.html
#Kalia #PMKISAN #ArunKumarSahoo #Odishagovernment
The Finance Commission (FC) submitted its report for the financial year 2020-21 to President Ram Nath Kovind. The Commission headed by N K Singh apprised the President of the recommendations contained therein.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22287-15th-fc-submits-its-report.html
#15thFC #FinanceCommission #NKSingh #Article280
Kuala Lumpur summit
Pakistan Prime Minister Imran Khan will attend the Kuala Lumpur Summit 2019 in Malaysia that would provide him an opportunity to exchange views and find solution to the challenges facing the Muslim world particularly governance, development, terrorism and Islamophobia, the Foreign Office said.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22286-kuala-lumpur-summit.html
#KualaLumpur #ImranKhan #KL #Malaysia #GRF
UDAN 4.0
The civil aviation ministry said bids have been sought for six underserved and 24 unserved airports and airstrips in the North East region under the latest round of regional air connectivity scheme.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22285-udan-4-0.html
#UDAN #Assam #NCAP #VGF #ArunachalPradesh #UmrangsoReservoir
Pakistan submits to FATF report
Pakistan has submitted answers to the remaining 22 questions posed by the Financial Action Task Force (FATF), detailing the actions taken by the government to curb terrorism and money laundering after it put Islamabad on notice.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22284-pakistan-submits-to-fatf-report.html
#Pakistansubmits #FATFreport #UnitedNations #FATF
'Kalia' to be merged with PM-KISAN
The Odisha government has decided to merge its flagship scheme to provide assistance to farmers with the Centre's Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) yojana, apparently due to financial constraints, a state minister said.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22283-kalia-to-be-merged-with-pm-kisan.html
#Kalia #PMKISAN #ArunKumarSahoo #Odishagovernment
Ksgindia
15th FC submits its report | KSG India | Khan Study Group
The Finance Commission (FC) submitted its report for the financial year 2020-21 to President Ram Nath Kovind. The Commission headed by N K Singh apprised the President of the recommendations containe
Today's Headlines - 09 September 2023
Cabinet approves VGF for battery storage system
GS Paper - 3 (Energy)
The Union Cabinet has approved a scheme for providing viability gap funding (VGF) for developing battery storage of 4 gigawatt (Gw) by 2030-31. The VGF for the battery energy storage system (BESS) will have an initial outlay of Rs 9,400 crore and this will include a budgetary grant of Rs 3,700 crore.
More about the News
The VGF would be disbursed in five tranches and be linked with the various stages of implementation of BESS projects. The scheme is aimed at supporting the energy storage needs of the renewable energy sector, especially solar and wind.
Given their restricted hours/seasons of operation, energy storage ensures round-the-clock green energy.
The VGF scheme for BESS projects was first announced in Budget 2023. Through the scheme, the Centre is aiming to bring down the cost of battery storage systems and increase their viability.
By offering VGF support, the scheme targets achieving a Levelized Cost of Storage (LCoS) ranging from Rs 5.50-6.60 per kilowatt-hour (kWh), making stored renewable energy a viable option for managing peak power demand across the country, said a statement by the ministry of power.
The statement further said that 85 percent of BESS projects under the scheme would be provided to the power distribution companies (discoms).
This will not only enhance the integration of renewable energy into the electricity grid but also minimise wastage while optimising the utilisation of transmission networks. Consequently, this will reduce the need for costly infrastructure upgrades.
Developers for these BESS projects would be selected through a competitive bidding process, to be open for both public and private sector. This approach will foster healthy competition and encourage the growth of a robust ecosystem for BESS, attracting significant investments and generating opportunities for associated industries.
#upsc #headline #news #cabinet #VGF #battery #storage #system #energy #unioncabinet #gigawatt #BESS #budgetary #fivetranches #scheme #projects #LCOS #kilowatt #hour #discoms #minimise #wastage #optimising #utlisation #networks #healthy #competition #robust #ecosystem #privatesectors #upgrades #investments #peakpower #country #ministrypower #support #devloping #crore #seasons #solar #wind #viability
Cabinet approves VGF for battery storage system
GS Paper - 3 (Energy)
The Union Cabinet has approved a scheme for providing viability gap funding (VGF) for developing battery storage of 4 gigawatt (Gw) by 2030-31. The VGF for the battery energy storage system (BESS) will have an initial outlay of Rs 9,400 crore and this will include a budgetary grant of Rs 3,700 crore.
More about the News
The VGF would be disbursed in five tranches and be linked with the various stages of implementation of BESS projects. The scheme is aimed at supporting the energy storage needs of the renewable energy sector, especially solar and wind.
Given their restricted hours/seasons of operation, energy storage ensures round-the-clock green energy.
The VGF scheme for BESS projects was first announced in Budget 2023. Through the scheme, the Centre is aiming to bring down the cost of battery storage systems and increase their viability.
By offering VGF support, the scheme targets achieving a Levelized Cost of Storage (LCoS) ranging from Rs 5.50-6.60 per kilowatt-hour (kWh), making stored renewable energy a viable option for managing peak power demand across the country, said a statement by the ministry of power.
The statement further said that 85 percent of BESS projects under the scheme would be provided to the power distribution companies (discoms).
This will not only enhance the integration of renewable energy into the electricity grid but also minimise wastage while optimising the utilisation of transmission networks. Consequently, this will reduce the need for costly infrastructure upgrades.
Developers for these BESS projects would be selected through a competitive bidding process, to be open for both public and private sector. This approach will foster healthy competition and encourage the growth of a robust ecosystem for BESS, attracting significant investments and generating opportunities for associated industries.
#upsc #headline #news #cabinet #VGF #battery #storage #system #energy #unioncabinet #gigawatt #BESS #budgetary #fivetranches #scheme #projects #LCOS #kilowatt #hour #discoms #minimise #wastage #optimising #utlisation #networks #healthy #competition #robust #ecosystem #privatesectors #upgrades #investments #peakpower #country #ministrypower #support #devloping #crore #seasons #solar #wind #viability