Current Affairs

3 February, 2021

International

According to the report ‘Mobilising Finance for EVs in India: A Toolkit of Solutions to Mitigate Risks and Address Market Barriers, January 2021’ released by NITI Aayog & Rocky Mountain Institute (RMI), India’s transition towards Electric Vehicles (EVs) adoption between the years 2020-2030 will need a capital of INR 19.7 Lakh Crores (USD 266 Billion) they will be utilized for construction of vehicles, charging stations, and batteries & other infrastructures. Immediate steps needed to be taken for India’s EV transition are Mobilisation of Capital & Finance towards EV assets & infrastructure. About Rocky Mountain Institute (RMI): Chief Executive Officer (CEO) – Jules Kortenhorst Headquarters – Colorado, United States of America About NITI Aayog: Chief Executive Officer – Amitabh Kant Headquarters – New Delhi

According to the report ‘Upskilling for Shared Prosperity’ – January 2021 released by World Economic Forum (WEF) in collaboration with PricewaterhouseCoopers (PwC), Investments in Upskilling can boost the Global Gross Domestic Product (GDP) by USD 6.5 Trillion by 2030 also adding that it has the potential to boost India’s GDP by USD 570 Billion (INR 40 Lakh Crore) by 2030. Upskilling has the potential to create 5.3 Million new jobs by 2030 and will help in a more inclusive and sustainable global economy. The report was released during WEF’s The Davos Agenda 2021.
About World Economic Forum (WEF):
Founder and Executive Chairman – Klaus Schwab
Headquarters – Cologny, Switzerland

National

India’s Transition towards EV in 2020-30 to cost around INR 19.7 Lakh Crore: NITI Aayog & RMI Report

According to the report ‘Mobilising Finance for EVs in India: A Toolkit of Solutions to Mitigate Risks and Address Market Barriers, January 2021’ released by NITI Aayog & Rocky Mountain Institute (RMI), India’s transition towards Electric Vehicles (EVs) adoption between the years 2020-2030 will need a capital of INR 19.7 Lakh Crores (USD 266 Billion) they will be utilized for construction of vehicles, charging stations, and batteries & other infrastructures. Immediate steps needed to be taken for India’s EV transition are Mobilisation of Capital & Finance towards EV assets & infrastructure.
About Rocky Mountain Institute (RMI):
Chief Executive Officer (CEO) – Jules Kortenhorst
Headquarters – Colorado, United States of America
About NITI Aayog:
Chief Executive Officer – Amitabh Kant
Headquarters – New Delhi

Nepal awards Construction of 679 MW Lower Arun Hydropower Project to India’s SJVN

During the 46th meeting of the Investment Board of Nepal (IBN) chaired by Nepal Prime Minister K P Sharma Oli awarded the contract for construction of 679 MW (MegaWatt) Lower Arun Hydropower Project to India’s Satluj Jal Vidyut Nigam (SJVN) Ltd under public-private partnership.
i.The project has been awarded to SJVN after a successful International Competitive Bidding. The Lower Arun Hydropower Project will be constructed on the River Arun situated in the Sankhuwasabha and Bhojpur districts of Eastern Nepal. It is being constructed under the Build, Own, Operate and Transfer (BOOT) model and will cost around USD 860 Million (Nepali Rupees 100 Billion). It is capable of generating around 3, 561 million units of electricity per annum.

Economy

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Sports

According to the report ‘Upskilling for Shared Prosperity’ – January 2021 released by World Economic Forum (WEF) in collaboration with PricewaterhouseCoopers (PwC), Investments in Upskilling can boost the Global Gross Domestic Product (GDP) by USD 6.5 Trillion by 2030 also adding that it has the potential to boost India’s GDP by USD 570 Billion (INR 40 Lakh Crore) by 2030. Upskilling has the potential to create 5.3 Million new jobs by 2030 and will help in a more inclusive and sustainable global economy. The report was released during WEF’s The Davos Agenda 2021. About World Economic Forum (WEF): Founder and Executive Chairman – Klaus Schwab Headquarters – Cologny, Switzerland

According to the report ‘Upskilling for Shared Prosperity’ – January 2021 released by World Economic Forum (WEF) in collaboration with PricewaterhouseCoopers (PwC), Investments in Upskilling can boost the Global Gross Domestic Product (GDP) by USD 6.5 Trillion by 2030 also adding that it has the potential to boost India’s GDP by USD 570 Billion (INR 40 Lakh Crore) by 2030. Upskilling has the potential to create 5.3 Million new jobs by 2030 and will help in a more inclusive and sustainable global economy. The report was released during WEF’s The Davos Agenda 2021.
About World Economic Forum (WEF):
Founder and Executive Chairman – Klaus Schwab
Headquarters – Cologny, Switzerland

Miscellaneous

According to the report ‘Upskilling for Shared Prosperity’ – January 2021 released by World Economic Forum (WEF) in collaboration with PricewaterhouseCoopers (PwC), Investments in Upskilling can boost the Global Gross Domestic Product (GDP) by USD 6.5 Trillion by 2030 also adding that it has the potential to boost India’s GDP by USD 570 Billion (INR 40 Lakh Crore) by 2030. Upskilling has the potential to create 5.3 Million new jobs by 2030 and will help in a more inclusive and sustainable global economy. The report was released during WEF’s The Davos Agenda 2021. About World Economic Forum (WEF): Founder and Executive Chairman – Klaus Schwab Headquarters – Cologny, Switzerland

According to the report ‘Upskilling for Shared Prosperity’ – January 2021 released by World Economic Forum (WEF) in collaboration with PricewaterhouseCoopers (PwC), Investments in Upskilling can boost the Global Gross Domestic Product (GDP) by USD 6.5 Trillion by 2030 also adding that it has the potential to boost India’s GDP by USD 570 Billion (INR 40 Lakh Crore) by 2030. Upskilling has the potential to create 5.3 Million new jobs by 2030 and will help in a more inclusive and sustainable global economy. The report was released during WEF’s The Davos Agenda 2021.
About World Economic Forum (WEF):
Founder and Executive Chairman – Klaus Schwab
Headquarters – Cologny, Switzerland

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