• India’s power generation from renewable energy sources stood at 10.325 billion units (BU) in January 2020, a 9.46% increase from 9.433 BU generated in the same month last year, according to provisional data released by the Central Electricity Authority (CEA), an arm of the Power Ministry.
  • Total power generation from conventional and renewable energy sources grew 2.65% to 113.20 BU in January, as compared to 110.280 BU of energy generated in the same month a year ago, according to CEA’s monthly Executive Summary report, January 2020.
  • Among renewable sources, wind generated the highest amount of power followed by solar at 3,943 million units (MU) and 3,932 MU, respectively, in December 2019. For the corresponding month in 2018, solar generated more power than wind at 3,182.12 MU and 2789.24 MU, respectively.
  • Gujarat has received the highest amount of Central Financial Assistance (CFA) to the tune of Rs 118.27 crore among all states and union territories for new and renewable energy generation till 10 February of the current financial year 2019-20.
  • CFA to states are offered through the Financing Scheme of state’s annual plan. The Finance Commission does the disbursement of funds to the states in accordance with the recommendations.
  • The Ministry has been providing assistance in the form of CFA for setting up of rooftop solar power plants, canal top solar plants, solar parks, decentralised or off-grid solar systems including home lighting system, solar street lighting, standalone solar powered agricultural pumps, small hydro power plants, biomass power plants, transmission infrastructure under Green Energy Corridor program, biogas plants, etc, Singh said in his reply.
  • The government has taken several steps in order to secure coking coal supplies for the Indian steel industry. Efforts are being made to import coking coal from the US, Russia and Mongolia to diversify the coking coal import sources, Union Steel Minister Mr Dharmendra Pradhan said in a reply to a query in the Lok Sabha.
  • While output of iron ore, another key raw material for the steel industry, in the country is sufficient to meet the current demand, the entire demand of coking coal is not met from domestic production as the availability of high-quality coking coal (low-ash coal) in the country is limited and, thus, no option is left but to resort to import of coking coal.
  • During 2018-19, the total demand of coking coal for the steel industry was 58.37 million tonne out of this, 51.83 million tonnes was met through imports, 1.6 million tonnes was provided by Bharat Coking Coal Ltd (BCCL) and Coal India Ltd (CIL) and the remaining was catered by captive collieries of SAIL and Tata Steel.
  • India’s fiscal deficit touched 128.5% of the whole-year Budget target in January-end, the Controller General of Accounts (CGA) said. The deficit during the same period during 2018-19 was 121.5% of that year’s Revised Budget Estimate (RE). The government had targeted to restrict the fiscal deficit at ₹7,66,846 crore during the year ending March 31, 2020.
  • Container Corporation of India Ltd (Concor) will be directed to buy land leased from Indian Railways to build close to half of its 86 inland container depots (ICDs) as the government looks to resolve a key issue that threatens to derail its plans to privatise the rail hauler of boxes. According to rough estimates, Concor will have to pay as much as ₹8,000 crore to buy the railway land.
  • The implementation of decentralised solar network across India involving solarisation of all substations feeding the agriculture power demand will require setting up of 400 Gigawatt of solar capacity, according to Mr Saurabh Kumar, MD, Energy Efficiency Services Limited (EESL). The Company will invest Rs 25,000 crore on the smart meter programme, and Rs 30,000 crore on the decentralised solar project over the next five years, said Kumar