GUJARAT

Gujarat: NTPC signs PPA with GUVNL

NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Ltd, has signed a power purchase agreement (PPA) with Gujarat government-run Gujarat Urja Vikas Nigam Limited (GUVNL) to sell power from its 150 MW solar project. The project, which will be installed in Gujarat, will sell power at a tariff of Rs.2.20 per per unit.

The company has also been allocated land in Rann of Kutch by the Gujarat government to develop a solar park with a capacity of 4,750 MW.

INTERNATIONAL

India Largest Recipient of Remittances in 2020 World Bank Report

India was the biggest recipient of remittances in 2020, as per the report, “Migration and Development Brief “released with the aid of the World Bank.

India has been the largest recipient of remittances because 2008. However, the remittance acquired via India in 2020 was over USD eighty-three billion, which is a drop of 0.2 % from 2019 (USD 83.3 billion). Globally, the remittance drift used to be USD 540 billion in 2020, which is 1.9% decrease as in contrast to that of 2019, when it was USD 548 billion.

The pinnacle 5 remittance recipient nations in 2020, in present day US greenback terms, have been India, China, Mexico, the Philippines, and Egypt.

The pinnacle five recipients in 2020, as a share of gross domestic product (GDP), were, by way of contrast, smaller economies: Tonga, Lebanon, Kyrgyz Republic, Tajikistan, and El Salvador.

Fourth India-Swiss Financial Dialogue

The 4th India-Switzerland Financial Dialogue was held via video conferencing.

Discussions on working together on a variety of issues, including investments, the International Financial Services Centre Authority (IFSCA), the National Investment and Infrastructure Fund (NIIF), FinTech, sustainable finance, and cross-border financial services.

The G20, the International Monetary Fund (IMF), and tax issues resulting from the digitalisation of the economy, as well as infrastructure funding, were addressed.

NATIONAL

Cyclone Tauktae Forms in the Arabian Sea

The Tauktae Cyclone is India’s first cyclone in 2021. Kerala’s government has released a “Red Alert” warning.

Cyclone Formation:

The humid, moist air rising from the sea rises. When more air rises, less air is left behind. This results in a low-pressure zone. There is pressure in this region. The low-pressure area is pushed into by air from the surrounding areas. This air is now warmed up and rising. The loop goes on. Warm air rises, cools and condenses to form clouds. The wind and cloud system as a whole turn and develops. The ocean’s heat and evaporating water help with this.

An eye forms in the centre of the system as it rotates faster and faster. The eye is relaxed and clear. The system is known as a “Tropical Storm” because it rotates at 63 kilometres per hour. A tropical cyclone or hurricane is described as a wind speed of 119 kilometres per hour or higher.

Blood Moon to be on 26th May

A blood moon occurs when the earth’s moon is in a total lunar eclipse. During this time, the moon looks red or tan. Therefore, it is called the blood moon. The next blood moon will happen on May 26, 2021. The last blood moon occurred on January 20-21, 2019.

Lunar eclipses occur during the full moon day only. During this time, the moon was completely in the shadow of the earth. At this period, a small part of the sunlight that reaches the earth at sunrise and sunset falls on the moon. It can be noticed that the sky is red at sunrise and sunset. This means that during this period, of all seven VIBGYOR colours in white light, only red reaches the earth. This red light reflects on the moon, so the moon becomes a blood moon.

All full moons have no lunar eclipses. This is because the plane where the earth revolves around the sun and the plane where the moon revolves around the earth is different. Solar eclipses only occur when the planes coincide.

Ramesh Pokhriyal Nishank Gets International Invincible Gold Medal

This year’s International Invincible Gold Medal was awarded to Dr. Ramesh Pokhriyal Nishank, Minister of Education of the Union. His books, society and outstanding public life are recognized for his extraordinary dedication and outstanding contributions to mankind.

The decision was made after due consideration by a high-level committee formed under the leadership of Dr. Tony Nader, the global leader of the Maharshi organization. The honor will be awarded by the global Maharishi organization and its universities.

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