• Unable to meet its targets for providing own home to every rural household under Pradhan Mantri Awas Yoajana (PMAY-Gramin), the Rural Development Ministry would seek time extension of two years for the flagship programme.
  • According to sources, the rural development ministry would seek Cabinet approval for time extension till March 31, 2022. The mission, which was launched in 2016, had set an initial target of constructing 2.95 crore houses based on Socio-Economic Caste Census 2011 data.
  • India Ratings and Research (Ind-Ra) has revised its outlook for the power sector outlook to negative for FY21 from stable-to-negative. It has been triggered by muted growth in electricity demand and rising Discom dues due to limited improvement in financial profile of discoms since the launch UDAY.
  • Nearly $640 billion of investment in coal power capacity worldwide is at risk because it is cheaper to generate electricity from new renewables, research by Carbon Tracker Initiative showed.
  • The report examined the economics of 95% of coal plants which are operating, under construction or planned worldwide.
  • Globally, 499 gigawatts (GW) of new coal power capacity is planned or under construction with an investment cost of $638 billion.
  • More than 60% of global coal plants are currently generating electricity at a higher cost than could be produced by building new renewables.
  • By 2030 at the latest, it will be cheaper to build new wind or solar capacity than continue operating coal in all markets, the report said.
  • Researchers from the Swinburne University of Technology have created a new type of concrete that is made from waste materials. The new concrete can bend under load, making it suitable for construction in earthquake zones. The waste product used in the concrete is fly ash, a by-product of coal-fired power stations. In earthquake zones, the brittle nature of traditional concrete can lead to building collapses. Concrete is the most widely used building material around the world.Traditional concrete is prone to shatter when stretched or bent and has a huge carbon footprint due to the calcination of limestone to produce cement, the key ingredient in concrete.
  • UltraTech Cement is planning to expand cement capacity from 9 MTPA to 14 MTPA in Anantapur district and Kurnool district of Andhra Pradesh.
  • The project will also include expansion of clinker capacity from 6.5 MTPA to 10 MTPA and waste heat recovery power plant capacity from 20 MW to 36 MW. The project worth Rs 1,250 crore will generate employment for 150 persons.