USD 250 million loan signed with ADB

The Government of India has signed a USD 250 million loan with the Asian Development Bank (ADB) for expanding the energy efficiency investments in the country. The loan amount will be utilized by the Government of India’s, world’s largest public Energy Service Company(ESCO), Energy Efficiency Services Limited(EESL) that will benefit agricultural, institutional and residential consumers. ..

Category: Economy & Banking Current Affairs

Topics: Asian Development Bank • Energy Efficiency Services Limited • Government of India • NTPC Limited • Power Finance Corporation • POWERGRID • Rural Electrification Corporation

India plans to boost clean energy sector

The Government of India is planning to integrate largest lenders to the power sector in order to help clean energy firms clear their dues. It includes Rural Electrification Corporation (REC), Power Finance Corporation (PFC) and Indian Renewable Energy Development Agency (IREDA). The integration will help resolve growing crisis in the clean energy sector and also ..

Month: Current Affairs - December, 2019

Topics: Foreign Direct Investment (FDI) • IREDA • KUSUM Scheme • Power Finance Corporation • Renewable energy • Rural Electrification Corporation • Solar Power Projects • Solar Rooftop System • Wind Energy

P V Ramesh appointed as the director-general of the National Archives of India

The Appointment Committee of the Cabinet has approved the appointment of P V Ramesh appointed as the director-general of the National Archives of India. Currently, he is serving as the Chairman and Managing Director (CMD) of Rural Electrification Corporation. National Archives of India The genesis of National Archives of India can be traced to the traced to ..

Month: Current Affairs - March, 2019

Category: Awards, Persons & Places in News

Topics: Appointment Committee of the Cabinet • Bhopal • Bhubaneswar • Imperial Records Department • IRD • Jaipur • Ministry of Culture • National Archives of India • Puducherry • Rural Electrification Corporation

CCEA approves strategic sale of Rural Electrification Corporation

Cabinet Committee on Economic Affairs (CCEA) has given its in principle approval for strategic sale of Central Government’s existing 52.63% of total paid up equity shareholding in Rural Electrification Corporation (REC) to Power Finance Corporation (PFC) along with transfer of management control. Both REC and PFC are Central Public Sector Enterprises under the Ministry of ..

Month: Current Affairs - December, 2018

Topics: Cabinet Decisions • CCEA • National • Power Finance Corporation • Rural Electrification Corporation • Strategic Sale