India is expected to add only 60 GW of renewable energy capacity in the next 5 yrs, according to a Renewable Energy CEO survey report 2020 by research & consultancy firm Bridge to India. India's utility-scale solar capacity was 32.2GW as on March 31, 2020
Union Minister for Power and Renewable Energy: R.K. Singh
Germany has decided to phase-out of coal as an energy source. Bills approved by both houses of parliament envision shutting down the last coal-fired power plant by 2038 & spend 40 bn euros for transition. It also commits phase out nuclear power by 2022
German Chancellor: Angela Merkel; Capital Berlin
NLC India has signed a pact with state-owned CIL to form a joint venture to develop 5,000 MW of solar and thermal power assets across the country. Equity participation in the proposed JV between Coal India Ltd & NLC India will be in the ratio of 50:50.
Neyveli Thermal: Tamil Nadu; Barsingsar Thermal: Rajasthan.
The RBI has asked banks, financial institutions & NBFCs to reclassify micro, small and medium enterprises on the basis of Govt notified new criteria for the classification of MSMEs on the basis of turnover and investment in plant & machinery
MSME Development Act came into existence in 2006.
India's trade deficit with China fell to $48.66 bn in 2019-20 on account of a decline in imports from the neighboring country, as per govt. data. Exports to China in the last financial year stood at $16.6 billion, while imports aggregated at $65.26 bn.
Balance Of Payment records the transactions b/w country & world.
The Mars Colour Camera onboard ISRO's Mars Orbiter Mission has captured the image of Phobos, the closest & biggest moon of Mars. The Rs 450-cr MOM mission aims at studying the Martian surface & mineral composition as well as scan its atmosphere for methane
In 2014 successfully placed MoM spacecraft in Mars orbit
Warburg Pincus-backed Kalyan Jewellers appointed Sanjay Raghuraman as its first Chief Executive Officer who also holds the position of Chief Operating Officer of the jewellery chain. Also Salil Nair & Anil Nairs have been appointed as directors.
MD & Chairman: TS Kalyanraman; HQ: Thrissur.
International Day of Cooperatives is an annual celebration of the cooperative movement that takes place on the first Saturday of July since 1923. Since 1995, the UN and International Cooperative Alliance have aimed to increase awareness of cooperatives
2020 theme is Cooperatives For Climate Action
All India Radio started the broadcast of its first ever news magazine programme in Sanskrit. The programme titled, 'Sanskrit Saptahiki' will be of 20 minutes duration. In it under Ek Bharat, Shreshtha Bharat, five commonly used words will be translated
AIR & Doordarshan function under Prasar Bharati.
China's two-time Olympic champion Lin Dan aged 36, arguably the greatest badminton player of all time, announced his retirement. It means that Lin, who won gold at the Beijing 2008 and London 2012 Games, will not compete at the upcoming Tokyo Olympics.
Lin earned the nickname "Super Dan" at the peak of his career.
Edelweiss Mutual Fund launched the second tranche of the Bharat Bond exchange-traded fund for a base size of Rs 3,000 cr. Finance Minister N Sitharaman had announced the launch of 2nd tranche with Edelweiss as the fund manager & AK Capital as govt advisor.
The new Bharat Bond ETF series will mature in April 2025 & 2031.