Use coupon code TOP15 on all courses

Link

Current Affairs

IEA India Report 2020

Current context: The International Energy Agency (IEA) in partnership with NITI Aayog has released its India Report 2020 on 10th January 2020.
IEA India Report 2020
  • The IEA report highlights the achievements of India’s energy policies and provides measures to achieve well-functioning energy markets.
  • This is the first review of IEA, carried out for India.
  • India has been an IEA association country since March 2017.
  • The Highlights of IEA’s India 2020 Energy Policy review are:
    1. It suggested the government to adopt a long-term energy plan for the country with a focus on rationalising the energy prices, focusing on infrastructure needs, affordable energy and move towards cleaner fuels.
    2. The IEA report praised the draft National Energy Policy by NITI Aayog and said to adopt and implement across central and state governments.
    3. India spent $25 billion in 2018 on subsidies for the consumption of fossil fuels, mostly supporting oil consumption in the form of LPG ($17 billion) and gas ($4 billion).
    4. Oil subsidy accounted for $3.5 billion in 2018-19, a continuous decrease from the level of $14 billion in 2012-13 and $11billion in 2014-15.
    5. Energy research, development and deployment (RD&D) can be a strong enabler of India’s energy policy goals.
    6. It said to improve the collection, consistency, transparency and availability of energy data across the energy system at central and state government levels.

Question: 

Q.1 The International Energy Agency (IEA) has recently released the first review report for India in partnership with ______________?
a. Ministry of Heavy Industries and Public Enterprise
b. Ministry of New and Renewable Energy
c. NITI Aayog
d. Ministry of Power
IEA India Report 2020 IEA India Report 2020 Reviewed by Neha Verma on January 11, 2020 Rating: 5

No comments:

Join 8,000+ readers and get free notes in your email