DAILY CURRENT AFFAIRS

By admin: Jan. 8, 2025

IREDA Achieves 'Excellent' Rating for Fourth Consecutive Year

Tags: Awards

Why in the news?

• Indian Renewable Energy Development Agency Limited (IREDA) has achieved ‘Excellent’ rating for the performance MoU signed with the Ministry of New & Renewable Energy (MNRE) for the financial year 2023-24, with a score of 98.24 (rounded off 98). 

Key points:

• This marks thefourth consecutive yearthat IREDA has received ‘Excellent’ rating, showcasing its unwavering commitment to operational excellence and highest standards of corporate governance.

• In the previous three years, IREDA consistently delivered exceptional results, achieving an ‘Excellent’ rating with scores of 93.50 in FY 2022-23, 96.54 in FY 2021-22 and 96.93 in FY 2020-21. 

• These consistent achievements underline the organization’s dedication to driving India’s renewable energy goals.

About IREDA:

• The Indian Renewable Energy Development Agency Limited (IREDA) is a government-owned company that provides financial assistance for renewable energy projects.

• IREDA is a non-banking financial institution (NBFC) that is registered with the Reserve Bank of India (RBI).

Union Minister for Coal & Mines inaugurates ‘5G Use Case Test Lab’

Tags: Science and Technology

Why in the news?

• Union Minister for Coal and Mines,Shri G. Kishan Reddy inaugurated the ‘5G Use Case Test Lab’ today at the Central Mine Planning and Design Institute (CMPDI) in Ranchi. 

Key points:

• This cutting-edge facility, aimed at advancing the coal sector’s Digital Transformation and technological landscape. 

• The 5G Use Case Test Lab serves as a testbed for the development, testing and adaptation of various 5G-based applications, tailored to meet the needs of the coal industry. 

• Minister also unveiled ‘Replica of CMPDI services’ sculpture made from scrap material from CMPDI like Delivery Hose pipe, NQ Drilling Rod, Core box etc. 

• This Replica sculpture showcases CMPDI’s commitment to sustainable practices through intricate depictions of its core services i.e Geomatics, Exploration, Planning & Design and Environmental monitoring. 

5G Use Case Lab:

• The 5G Use Case Lab established by CMPDI is a lab-scale representation of an Industry 5G Private Network, specifically designed to support the coal mining industry. 

• This lab will serve as a testing and development hub for integrating 5G Radio and Core technologies with 5G-enabled devices, as well as with Edge/Cloud Enterprise IT/OT applications and equipment. 

Purpose and Key objectives of 5G Test Lab:

• To outline the requirements and different Innovative Use Cases/applications in Coal Mining industry associated with test lab.

• Testing & Development of 5G Use Cases such as Voice, video, and data communication applications; Industrial Internet of Things (IIoT) sensors for Vehicle Management and other applications over 5G Network.

• Create a Scalable and Replicable Model to replicate a real-world Industry 5G Private Network setup, consisting of 5G Radio and Core systems that are compatible with Edge/Cloud IT/OT applications.

‘Shahid Madho Singh Haath Kharcha Yojana’

Tags: State News

Why in the news?

• Odisha Chief Minister Mohan Charan Majhi inaugurated the annual ‘Adivasi Mela’ here and launched ‘Shahid Madho Singh Haath Kharcha Yojana’.

Important points:

• Under the scheme, the government would provide financial assistance of Rs 5,000 to each tribal student, studying in classes 9 and 11 in government and aided schools across the state.

• To begin with, the chief minister on Sunday transferred the financial assistance of Rs 80 crore to 1.6 lakh tribal students.

• The government would provide the financial incentive to about 2 lakh tribal students every year.

Objective:  

• The aim  is to address dropout among tribal students.