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V-shaped Recovery

In News The FY23 growth would be about 70% on a year-on-year basis and mark a ‘V-shaped’ recovery for the aviation sector. V-shaped Recovery About: It is a type of economic recession and recovery that resembles a “V” shape in charting.  It involves a sharp rise back to a previous peak after a sharp decline […]

US Tax Credit Scheme for Electric Vehicles

In News Starting January 1, many Americans will qualify for a tax credit of up to $7,500 for buying an electric vehicle (EV). About Tax Credit Scheme About: A credit of up to $7,500 will be offered to people who buy certain new electric vehicles as well as some plug-in gas-electric hybrids and hydrogen fuel […]

Framework for Sovereign Green Bonds

In News Recently, the Ministry of Finance has finalized the framework to issue Sovereign Green Bonds in line with global standards. The issuance would be in line with the Budget announcement. About green bonds Meaning: Green bonds are financial instruments that generate proceeds for investment in environmentally sustainable and climate-suitable projects.  The phrase green bond […]

India Infrastructure Project Development Fund Scheme

In News Recently, the Department of Economic Affairs (DEA) has notified India Infrastructure Project Development Fund Scheme. About IIPDF Scheme Aim It aims for financial Support for Project Development Expenses of PPP Projects.  It will provide necessary support to the PSAs, both in the Central and State Governments, by extending financial assistance in meeting the […]

Suspension bridges

In News Recently, the suspension bridge that collapsed in Gujarat’s Morbi killed at least 134 people. The 19th century Bridge, which had been reopened days previously after repairs spanning six months, reportedly had over 400 people on it when it collapsed.  About Suspension bridges It is a type in which the deck is hung below […]

India’s First Aluminum Freight Rake

In News The Union minister for Railways recently launched India’s first all-aluminium freight rail rakes. More about the news About: Hindalco has developed these all-aluminium freight rail rakes.  The aluminum rakes have been developed to: Modernise freight transportation and  Enable large carbon savings for Indian Railways. 61-wagon rakes have been flagged off from Bhubaneswar station.  […]

Mahakal Lok Corridor

In News Recently, the Prime Minister inaugurated the Mahakal Lok corridor built at the Mahakaleshwar temple. More about the news The Mahakaleshwar temple is dedicated to Lord Shiva and houses one of the 12 Jyotirlingas (representation of Lord Shiva) in India. The Mahakal Lok corridor project: The Mahakaleshwar Temple Corridor Development Project will provide better […]

USOF Launches Telecom Technology Development Fund Scheme

In Context  Universal Service Obligation Fund (USOF) officially launched the Telecom Technology Development Fund (TTDF) Scheme. About Telecom Technology Development Fund (TTDF) Scheme Telecom Technology Development Fund (TTDF) aims to fund R&D in rural-specific communication technology applications and form synergies among academia, start-ups, research institutes, and the industry to build and develop the telecom ecosystem. […]

World’s First CNG Terminal

In Context The Prime Minister has laid the foundation stone of the World’s First CNG Terminal and of the brownfield port at Bhavnagar, Gujarat.  The project was first proposed during the January 2019 Vibrant Gujarat summit. About It will be developed using a public-private partnership (PPP) approach and has a cargo handling capacity of 1.5 […]

Dibang Hydel project

In News  The National Green Tribunal (NGT) dismissed the case it took up suo motu on the grant of forest clearance for the 3000-MW Dibang hydel project without meeting the precondition of declaring a national park. The Tribunal did so after it was informed by Arunachal Pradesh that “the local people are not willing to […]