With whom has IREDA signed an agreement for innovation and research in the renewable energy sector?

Daily Current Affairs

IIT Delhi

IIT Mumbai

IIT Varanasi

IIT Bhubaneswar

Correct Answer : IIT Bhubaneswar

Bhubaneswar, 11th February 2024 : Indian Renewable Energy Development Agency Ltd. (IREDA) has taken a significant step towards fostering innova on and research in the renewable energy sector by signing a Memorandum of Understanding (MoU) with Indian Institute of Technology, Bhubaneswar. The MoU, inked today at the 100 Cube Start-up Conclave held at IIT Bhubaneswar, aims to support collaborative efforts in innovation and research ini a ves, technology transfer, and nurturing the start-up ecosystem.

The MoU was signed by Shri Pradip Kumar Das, Chairman & Managing Director of IREDA, and Dr. Debi Prasad Dogra, Independent Director of IIT Bhubaneswar, in the august presence of Shri Dharmendra Pradhan, Hon’ble Union Minister for Education, Skill Development & Entrepreneurship and Prof. Shreepad Karmalkar, Director of IIT Bhubaneswar.

Speaking on this momentous occasion, Shri Pradip Kumar Das, CMD of IREDA, said, "This partnership with IIT Bhubaneswar marks a significant milestone in our journey towards fostering innova on and sustainable development in the renewable energy domain.

By leveraging the expertise and resources of both organizations, we aim to drive impactful research initiatives and propel the growth of the renewable energy sector."

The collabora on between IREDA and IIT Bhubaneswar is poised to facilitate joint research efforts, facilitate technology transfer, and provide comprehensive support for the start-up ecosystem.

It will also encompass capacity building ini a ves such as training programs, seminars, and workshops to enhance the skills of IREDA officials..

Source : Ireda

Published On : February 12, 2024

Solar’s Ascendance in India :

In 2015, India ranked ninth in solar energy deployment, but by 2023, it produced 5.8% of its electricity from solar, up from 0.5% in 2015. This significant increase underscores India’s commitment to clean energy and its pivotal role in mitigating climate change.

Global Solar Growth Trends :

Ember’s report highlights that solar energy witnessed a remarkable increase globally, with 2023’s solar generation exceeding six times that of 2015. The top four solar growth countries, including India, accounted for 75% of this growth, emphasizing the widespread adoption of solar power worldwide.

Published On : May 9, 2024

Q .

India's Toy Exports Slip to _____ Million in 2023-24

$102.92

$121.19

$139.53

$152.34

Correct Answer : Option (D) - $152.34

India’s toy exports experienced a slight decline to USD 152.34 million in the fiscal year 2023-24, with limited benefits from quality control measures. Despite efforts to bolster the domestic industry and ensure product safety, exports did not see significant improvement.

Declining Export Trends :

Export figures dropped marginally from USD 153.89 million in the previous fiscal year to USD 152.34 million in 2023-24, as outlined by the Global Trade Research Initiative (GTRI). Despite a modest increase in exports from FY’2020 to FY’2022, the subsequent year witnessed a downturn.

Import Trends :

Conversely, imports rose to USD 64.92 million in 2023-24 from USD 62.37 million in the preceding year, indicating a persistent challenge in balancing trade dynamics.

GTRI’s Recommendations :

Comprehensive Industry Development Strategy : GTRI Founder Ajay Srivastava emphasized the necessity for a holistic approach to foster the growth of India’s toy industry and bolster exports.

Domestic Ecosystem Strengthening : Developing a robust domestic ecosystem is paramount, alongside measures to encourage renowned global toy brands to establish manufacturing facilities within India’s borders.

Published On : May 9, 2024

Q .

India Leads Global Remittances, Surpassing _____ Billion Mark.

$50

$100

$200

$250

Correct Answer : Option (B) - $100

India emerged as the global leader in remittances in 2022, receiving over $111 billion, surpassing the $100 billion mark for the first time. The International Organisation for Migration (IOM) highlighted India, alongside Mexico, China, the Philippines, and France, as the top five remittance recipient countries.

Consistent Growth: From $53.48 Billion to $111.22 Billion

The UN’s World Migration Report 2024 underscored India’s consistent growth in remittances, noting a rise from $53.48 billion in 2010 to $111.22 billion in 2022. This significant increase showcases India’s pivotal role in the global remittance landscape.

Southern Asia’s Significance in Global Remittances :

The IOM emphasized Southern Asia’s importance as a major recipient of global remittances, attributed to its high proportion of migrant workers and emigrants. India, Pakistan, and Bangladesh all ranked among the top ten recipients worldwide, highlighting the sub-region’s reliance on labor migration.

Prominent Migration Corridors and Destination Countries :

While India ranks 13th as a destination country for immigrants, it features prominently in various international migration corridors, including India-United Arab Emirates, India-Saudi Arabia, and Bangladesh-India, all of which are among the top 10. This indicates India’s significant role in global labor migration patterns.

Published On : May 9, 2024