Author: Dhruv

An Electrical Engineering Graduate . Always ready to have new experience, meet new people and learn new things.

G20 Summit 2022 in Bali, Indonesia

Prime Minister Narendra Modi will hold bilateral discussions with G20 leaders on a range of issues including energy security, health, food, and environment at the summit in Bali, Indonesia.

  • India will officially assume the presidency of the G20 from 1 December 2022.
  • Prime Minister Modi will hold bilateral meetings with leaders of various G20.
  • PM Modi said that it will be a proud moment for India to preside over the G20.

Before leaving for Indonesia’s capital Bali to attend the G20 summit, the prime minister said in a statement that he would also underline India’s achievements and “unwavering commitment” in finding collective solutions to global challenges. On the sidelines of the G20 summit, I will meet several world leaders attending the summit and review the progress of India’s bilateral ties with them.

Delhi’s peak power demand reaches record high of 7,334 MW for June

The peak power demand in the national capital rose to 7,334 MW on Wednesday afternoon, the highest ever in June, amid increased use of cooling appliances to beat the intense heat, discom officials said.It is expected to hover around 8,200 MW in the coming days, they added.

“Before June 9, Delhi’s peak power demand had never crossed the 7,000 MW-mark during June.

However, on May 19 this year, it clocked 7,070 MW. It has already crossed 7,000 MW six times in June this year and once in May,” a power distribution company (discom) official said.

The power demand peaked to 7,334 MW at 3.35 pm on Wednesday.Delhi’s power demand crossed the 6,000 MW-mark on every single day this June, the official said.In 2021, it crossed the 6K mark on nine occasions through the month, five-times in 2020 and thrice in 2019.

Retail inflation eases to 7.04% in May

Food price inflation, which had hit 8.31% in April, eased a little to 7.97% in May thanks to a decline in rural food inflation from 8.5% to 7.76%. 

Inflation faced by rural consumers fell from 8.38% in April to 7.01% in May, but for households in urban areas, the pace of price rise was virtually flat month-on-month, moving from 7.09% in April to 7.08% in May.

Bajaj Auto’s new EV production line

Bajaj Auto shares rose in early trade on Friday but were back in the red territory ahead of the two-wheeler maker’s new electric vehicle production line launch due later in the day. On Thursday, the firm also announced that its board would consider a buyback of shares next week.

Shares of the company gained 2.2 percent in early trade but soon dropped 2.7 percent from that level to the day’s low of Rs 3,857. At 11:18 am, the stock was trading 0.4 percent lower at Rs 3,860.50 on BSE.

Chetak EV will be produced at the factory where the Chetak IC scooter was manufactured till 2005. Bajaj Auto has a booking backlog of approximately 16,000 Chetak EVs due to the supply crunch. The new EV factory will have a capacity of 400 units per day initially. Meanwhile, EV production will continue at Chakan simultaneously for some time.

Protests in several places over remarks against the Prophet

Protesters raise slogans against the controversial remarks by two now-suspended BJP leaders against Prophet Mohammad in Srinagar.

Tension mounted in Jammu’s Bhaderwah and some areas of Kishtwar prompting authorities to impose a curfew while parts of Kashmir observed a shutdown over the controversial remarks against Prophet Muhammad by two now-suspended BJP leaders, Nupur Sharma and Naveen Jindal. In Jharkhand, some policemen were injured in Ranchi while trying to control an irate mob after protests erupted with hundreds of people demanding the arrest of Ms. Sharma.

Indian economy well placed to deal with challenges, says RBI Governor

Reserve Bank of India (RBI) Governor Shaktikanta Das addresses a press conference at RBI headquarters, in Mumbai, on June 8, 2022.

“Recognising” the Indian government’s “great efforts” in supporting Sri Lanka, China on Wednesday expressed willingness to work with India and the international community to help Sri Lanka tide over its crushing economic crisis.

Twitter bots bug Elon Musk no end

Elon Musk has accused Twitter of “resisting and thwarting” his right to information regarding the fake accounts issue that he had raised earlier. He has also called Twitter apparent refusal to not share the information a “clear material breach” of the terms of the merger agreement. “Mr. Musk does not agree with the characterizations in Twitter’s June 1 letter. Twitter has, in fact, refused to provide the information that Mr. Musk has repeatedly requested since May 9, 2022 to facilitate his evaluation of spam and fake accounts on the company’s platform,” the letter signed by Musk’s attorney Mike Ringler states.

Boost for space PSU

The Union Cabinet, chaired by Prime Minister Narendra Modi, on June 8 approved the transfer of 10 in-orbit communication satellites from the government of India to NewSpace India Ltd (NSIL), a commercial arm of ISRO.

The Cabinet has also approved increasing the authorised share capital of NSIL from Rs 1,000 crore to Rs 7,500 crore.

“NSIL functioning as a single-window operator will also facilitate the ease of doing business in the space sector. NSIL Board will now be empowered to price the transponders as per the market dynamics and global trends in the satellite communication sector. NSIL is also authorised to offer and allocate capacity as per its internal policies and guidelines,” it added.

The transfer of these assets to NSIL will further provide the desired financial autonomy to the company to realise capital-intensive programmes or projects, thereby offering huge employment potential and technology spin-off to other sectors of the economy.

OIC pursuing divisive agenda, says India

India’s strong response came while several countries, including India’s crucial Gulf partner, the United Arab Emirates (UAE), and security partners Oman and Jordan condemned the remarks.

India on Monday hit out at the Organisation of Islamic Cooperation (OIC) after it condemned the derogatory comments made by two former BJP leaders on Prophet Muhammed and Islam.

Apple to Release Software Updates to iPhone, iPad

While Samsung took top spot in Q1 in terms of smartphone market share, rival Apple is not taking the news lying down. In fact, the biggest tech company in the world will reportedly be releasing new updates to iPhones and iPads with its upcoming software updates, iOS 16 and iPadOS 16, according to NBC News. The company is expected to announce during its WWDC 2022 developer keynote on June 6.

According to Bloomberg, iOS 16 includes updates to notifications, messages and the Health app. The software will also include new multitasking panels for iPads.

India expected to commission 10 thermal coal power plants in 2022-23, add 7,010 MW

India is expected to commission 10 thermal power units of an aggregate 7,010 MW capacity in fiscal year 2022-23 (April-March), the largest such addition since 2017-18, according to a status report by the federal power ministry released June 3.

Market participants believe the capacity addition may bode well for coal consumption in the coming years.Of the 7,010 MW capacity, 3,580 MW will be under the union government and 3,430 MW will be under various states.

Most of the upcoming generation units already have fuel supply agreements with various subsidiaries of state-run Coal India Ltd., according to Central Electricity Authority, or CEA.As much as 3,300 MW of upcoming capacity is expected to source coal from captive coal blocks allocated to these units, while the 1,600 MW Telangana plant will procure coal from state-run Singareni Collieries Company Ltd.

Essar Power to sell transmission asset to Adani for Rs 1,913 crore

Essar Power Transmission Company Limited (EPTCL), an arm of Essar Power, has 465-km transmission lines across three Indian states. The asset transacted is an operational 400 kV (kilovolt) inter-state transmission line linking Mahan in Singrauli, Madhya Pradesh to Sipat pooling substation in Bilaspur, Chattisgarh.

Essar Power Limited, has entered into a definitive agreement with Adani Transmission Limited (ATL) to sell one of its two transmission lines for Rs 1,913 crore, the companies said Friday.

Essar Power Transmission Company Limited (EPTCL), an arm of Essar Power, has 465-km transmission lines across three Indian states.

Punjab CM visits Moosewala’s house to express condolences to family

Moosewala was shot dead by some unidentified assailants on May 29.

Punjab Chief Minister Bhagwant Mann on Friday visited the house of Sidhu Moosewala, days after the Punjabi singer was shot dead.

Mr. Mann reached Moosa village to express his condolences to the bereaved family. Heavy police security has been deployed outside the residence of Moosewala.

Drone technology will play major role in empowering farmers, says PM Modi

Prime Minister Narendra Modi has said, the quantum jump in the drone industry shows the possibilities of emerging opportunities for employment in India. Inaugurating India’s biggest Drone Festival – Bharat Drone Mahotsav-2022 at Pragati Maidan in New Delhi, Mr Modi said, India has the potential of becoming a global drone hub and this technology will play a crucial role in several sectors ranging from agriculture, defence, disaster management, health and land mapping in the future.

Highlighting the importance of technology, the Prime Minister said, it has ensured last mile delivery and with the help of technology, target of Antyodaya can be achieved. Terming drone technology as an effective tool in delivery of services and improving ease of living, he said, it will take the farming sector to another level and it will ensure the progress of marginalised farmers.

The Prime Minister said, drones will play a crucial role in delivery of medicines and vaccines in the far flung areas of the country. With the help of drone mapping he reviewed the progress of Kedarnath Redevelopment Project, he added.

The Prime Minister said, this Government has reduced the restrictions imposed on drone sector. He said, Production Linked Incentive scheme was introduced for making a robust ecosystem for the drone sector. He urged the investors to come and invest in India’s booming drone sector. He also urged the youth to come forward and set up drone start-ups. On the occasion, Civil Aviation Minister Jyotiraditya Scindia said, India has become a leader in the technology sector in the last eight years.

Yasin Malik gets life term in terror funding case

The National Investigation Agency (NIA) had sought death penalty before the Delhi court for Malik, who had earlier pleaded guilty to all the charges, including those under the stringent Unlawful Activities Prevention Act (UAPA).

KLF Leader Yasin Malik being produced amid heavy security at the Patiala House Courts in New Delhi on Wednesday.