NATIONAL UPDATES:
1. Adani Green crosses 8.4 GW mark, and becomes India’s
largest RE company: Adani Green Energy Ltd (AGEL) has become
India’s largest green energy company as it reached the 8.4 gigawatt (GW)
installed capacity mark. Company executives told this paper that AGEL
commissioned a 0.15 GW solar power park in Rajasthan, which helped it surpass
the 5 GW capacity for solar and 8.4 GW overall. Among its peers, ReNew is
closest with 8.3 GW, followed by Tata Power and Greenko Energies with close to
4 GW capacity each. State-owned NTPC has a 3.2 GW green energy capacity. AGEL’s
management has guided that it plans to commission between 2.8 GW to 3 GW in the
current financial year (FY24), with a capital expenditure of approximately Rs
14,000 crore in the current financial year.
2. Mundra becomes India’s first port to handle 16.1
million tonnes of Cargo: Adani Group’s flagship Mundra Port has set another record by handling
16.1 million tonnes of cargo in October, the highest-ever volume by any port in
India. It is the largest port in the country with 102 MMT of cargo handled so
far this year with a good 9 percent year-on-year growth. The port crossed the
100 MMT mark in 210 days, surpassing the record of 231 days last year. Mundra
witnessed double-digit growth on a YoY basis for containers liquids and gas. Further,
it achieved another milestone of handling 4.2 million twenty-foot equivalents
(TEUs) of containers in just 203 days, a feat achieved in 225 days in the
previous financial year. It added new cargo types such as Hydrolysis Pi Gas
(HPG) to its portfolio. So far in 2023, it docked over 2,480 ships and serviced
over 11,500 rakes Mudra Port enjoys strong connectivity with the hinterland,
particularly to the Western Dedicated Freight Corridor (WDFC).
3. Santosh Kumar Jha set to be next CMD of Konkan Railway: Santosh Kumar Jha is set to be next Chairman
& Managing Director (CMD) of Konkan Railway Corporation Limited (KRCL), a
PSU under the Ministry of Railways. He has been recommended for the post by the
Public Enterprises Selection Panel (PESB) panel. Presently, he is serving as
Director (Operations & Commercial) in the same organisation. Jha has been
recommended for the post of CMD of Konkan Railways from a list of five
candidates, who were interviewed by the PESB selection panel in its selection
meeting held on November 2. Jha is an Indian Railway Traffic Services (IRTS)
officer of 1992-batch. He holds M. Sc. (Geology) from Lucknow University and an
MBA (Marketing) from Jamnalal Bajaj Institute of Management Studies, Mumbai. He
has rich experience over 28 years of experience in operations, infrastructure
planning and business development. He has hands on experience as head of
operations on major divisions of Indian Railways. The Konkan Railway, a
subsidiary of Indian Railways, is responsible for overseeing the development
and maintenance of 741 kilometers of rail network along the Konkan coast.
4. Deepesh Nanda appoints as CEO & MD of TPREL : Deepesh Nanda has been appointed as the CEO
& MD of Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata
Power. He has succeeded Ashish Khanna who has moved as President, of Generation
business. Deepesh Nanda, with 28 years of extensive experience in the industry,
brings a wealth of knowledge and expertise to his new role. His professional
journey has seen him excel in various roles across reputable companies like GE,
Flowserve, and Tyco.
INTERNATIONAL UPDATES:
1. India ranks 2nd in employee well-being, Japan lowest: A recent global survey has ranked Japan lowest for employees’ well-being
while keeping Turkey at the top and India just behind it, in the second spot. The
survey was conducted by McKinsey Health Institute, and it assessed employees’
physical, mental, social and spiritual health before arriving at the
conclusions. Japan scored a mere 25 percent in the poll. Turkey scored highest
at 78 percent, followed by India at 76 percent and China at 75 percent, way
higher than the global average of 57 percent. The poll results were based on
inputs received from 30,000 participants from nearly 30 countries.
OTHER UPDATES:
SPORTS
1. Maharashtra secured top spot in 37th National Games
2023: Maharashtra secured the first position in National
Games 2023 and bagged 208 medals including 71 gold. Services Sport
Control Board also continued its second position in medal tally with a
total of 117 medals including 59 Gold medals. Haryana stands at
third position with a total of 161 medals including 53 gold medals.
In women's Kabaddi, HP won a gold medal and Haryana got a silver medal. Female
Kho-kho gold was won by Maharashtra and Odisha got a silver medal.
2. Deepika Kumari secured 2 Gold at National Games 2023: Former world No. 1 archer Deepika Kumari clinched two gold and a silver
medal, while Asian Championships gold medal-winning shooter Aishwary Pratap
Singh Tomar bagged the top spot in 50m rifle 3-positions event at the National
Games. Deepika, representing Jharkhand, began her medal rush with a gold in the
women’s individual category, and later paired with Mrinal Chauhan to secure the
top podium finish in the mixed team category. She also helped Jharkhand win
silver in the women’s team event, where it lost to Haryana in the shootout.
3. Max Verstappen wins Brazilian Grand Prix 2023: Three-time champion Max Verstappen led from
the start and won the Brazilian Grand Prix 2023. Sergio Perez of Red Bull
finished in fourth place, distancing himself from Mercedes’ Lewis Hamilton in one
of the few competitions left this season — a position for runner-up. Perez
nearly took the podium position from third-place Fernando Alonso of Aston
Martin, but the Spaniard saw the checkered flag 0.053 seconds before the
Mexican.
BANKING AND FINANCE
1. Nirmala Sitharaman launches 12 GST Seva Kendras in
Vapi, Gujarat: Union Minister for Finance and Corporate
Affairs, Nirmala Sitharaman has inaugurated 12 Goods and Services Tax (GST)
Seva Kendras in Vapi, Gujarat. It showcasing the government’s commitment to
enhancing the Ease of Doing Business in the country. Additionally, she
recognized and rewarded the participants of the “Mera Bill Mera Adhikaar”
(MBMA) scheme, which promotes the culture of generating bills during sales and
purchase transactions. The newly launched GST Seva Kendras, located in key
cities like Ahmedabad, Vadodara, Surat, Godhra, Vapi, Mehsana, Palanpur,
Gandhinagar, Rajkot, Bhavnagar, Junagadh, and Gandhidham, mark a substantial
advancement in facilitating GST-related services.
2. Axis Bank signed MoU with IRMA to promote financial inclusion and literacy in India: Axis Bank has signed a Memorandum of Understanding (MoU) with the Institute of Rural Management Anand (IRMA) to establish the Axis Bank Chair for Financial Inclusion at IRMA. Constituted for a period of 5 years, the Chair will primarily focus on research, deepening industry-academia collaboration, driving thought leadership and policy advocacy. The Chair’s overarching goal is to enhance and expedite the advancement of financial inclusion (FI) and financial literacy in India. The Chair’s main goal is to lead and manage field-based research efforts that contribute to the development of national and state-level financial inclusion policies. This involves crafting financial inclusion strategies tailored to India’s needs, enhancing the banking sector’s capabilities in the realm of financial inclusion, organizing workshops, roundtables, and symposia, and providing educational courses at the Institute.
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