New schemes, gifts, on three years of Soren govt
On the occasion of completion of three years of JMM/ Congress alliance government, Chief Minister Hemant Soren on Thursday transferred amount of various schemes among the farmers, girls and students of the state directly in their accounts. Chief Minister Drought Relief Scheme compensation amount was sent to the farmers of the drought affected blocks of the state. In the first phase of this scheme, Rs 2,32,36,85,000 was sent through DBT in the bank accounts of 6,63,910 beneficiary farmers. Similarly, under the Savitribai Phule Kishori Samridhi Yojana, a girl child studying in class 8 and 9 is given Rs 2,500, a girl child studying in class 10, 11 and 12 is given Rs 5,000 and a girl child aged 18-19 years is given a one-time grant of Rs 20,000. On the occasion, Rs 2,192,991,500 was transferred the account of 5,52,685 girls.
On the occasion, Chief Minister Hemant Soren said that despite all the difficulties, the government has covered a successful journey of three years, but still a long way has to go.
Moreover, Rs 500 crore was transferred in the account of 25 lakh students. The government also sent funds to the accounts of selected students under pre-matric scholarship. Under this scheme, Rs 1500 are given to the students of classes one to five for Scheduled Tribes, Scheduled Castes and Backward Classes. At the same time, the total amount of this scheme has now been increased to one lakh rupees. Today, Rs 500 crore was sent to the accounts of 25 lakh such selected students.
The Chief Minister also said that that after 20 years of exploitation and discrimination, changes are now chattering in Jharkhand and the state has moved on the path of development.
Twitter CEO Elon Musk Becomes First Person Ever to Lose $200 Billion
Tesla and Twitter CEO Elon Musk became the first person to lose $200 billion from his net worth. Elon Musk has seen a drop of up to $137 billion in his wealth after a recent drop in Tesla Shares. The shares of his electric car company are down nearly 65 percent. Elon Musk became the richest person in the world for the first time in January 2021 with a net worth of more than $185 billion.
However, he was replaced by Bernard Arnault, the chief executive of luxury brand Louis Vuitton’s parent company LVMH as the world’s richest man.
Food Processing Industry Invests Nearly Rs 4,900 Crore Under PLI Scheme
The government said that the food processing industry has invested Rs 4,900 crore so far underthe production-linked incentive (PLI) scheme. The PLI scheme for the food processing industry was approved in March 2021, with a budget outlay of Rs 10,900 crore. It will be implementedfor seven years, until 2026-27.
A total of 182 applications have been approved under the PLI scheme for the food processingindustry. This includes 30 applications for millets-based products under the PLI scheme (8 largeentities and 22 SMEs). Incentives amounting to Rs 800 crore are likely to be disbursed in thecurrent financial year. Sales-based incentive of Rs 107.3 crore has been disbursed so far.
Government to launch the Digital India Innovation Fund for Catalyzing deep tech start-ups
The Minister of State for Electronics & Information Technology and Skill Development & Entrepreneurship, Shri Rajeev Chandrasekhar today said that the Government of India is going to launch a Digital India Innovation Fund that will support Deeptech Startups.
The Minister made these remarks during his address to over 1000 college students as part of the New India for Young India: Techade of Opportunities program at the Catholic Bishop House Campus, Thamarassery, Kerala.
Villages electrified under Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY)
Government of India launched the Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY) in December, 2014 for rural electrification works across the country.
Under DDUGJY and thereafter under Pradhan Mantri Sahaj Bijli Har Ghar Yojana (Saubhagya), the electrification of all villages and all willing Households was completed by 31st March, 2019 as reported by all State Governments.
A total of 2.86 crore Households were electrified under the aegis of Saubhagya including additional households in two tranches that were unwilling for electrification earlier but became willing later. The Revamped Distribution Sector Scheme (RDSS) has provisions for providing assistance for giving connectivity to any habitation/household which may have been left out, provided that the said house/habitation was in existence when DDUGJY/Saubhagya were sanctioned.
Scope for New and Renewable Energy
In line with the Prime Minister’s announcement at COP26, Ministry of New and Renewable Energy is working towards achieving 500 GW of installed electricity capacity from non-fossil sources by 2030, and achieving Net Zero by 2070.
A total of 172.72 GW capacity from non-fossil fuel based energy resources has been installed in the country as on 31.10.2022. This includes 119.09 GW Renewable Energy, 46.85 GW Large Hydro and 6.78 GW Nuclear Power capacity. This constitutes a share of 42.26% of total installed generation capacity in the country i.e. 408.71 GW as on 31.10.2022.
Further, Central Electricity Authority (CEA) has carried out generation expansion studies with the projected All India peak electricity demand and electrical energy requirement of 325 GW and 2256 BU respectively for the year 2029-30 (as per the draft 20th EPS projections). Study reveals that the share of RE based installed capacity (including Large Hydro) in the capacity mix is likely to increase to around 480 GW by 2029-30. The share of RE (including Large Hydro) in the generation mix of the country, which stands at around 22% as of March, 2022 is likely to increase to around 41% by 2029-30.
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