01-02-23 Daily-Kerala-KPSC Current Affairs

Though Kerala may not be among the states where large solar Plants are installed, it has been among the top states investing in solar rooftop panels. According to a report, Maharashtra had the most rooftop solar installations in Q3 2022, followed by Kerala and Gujarat in the third quarter of the year.

Kerala was the quarters leading state for installations under the (CAPEX ) model where consumers have to bear the capital expenses incurred in installing rooftop systems upfront. India added 320 megawatts (MW) of rooftop solar in the third quarter which is almost an 18% drop compared to 389 MW installed during the same period the previous year, according to the Mercom India Rooftop Solar Market Report Q3 2022.

Meanwhile, Agency for New and RENEWABLE ENERGY Research and Technology (Anert) has recently invited bids from empanelled agencies for the rate contract to develop 15MW of rooftop solar projects in Thiruvananthapuram. The scope includes supplying, installing, and commissioning multiple solar power systems in the range of 30kW to 100 kW atop public buildings within Thiruvananthapuram under the Solar city project.

Almost 46% of rooftop solar was installed in the Industrial Sector nationally, followed by residential, commercial, and government sectors, with 32%, 21%, and 1%, respectively.

TAMILNAD

New Education policy, job-ready graduates and filling the Learning gap: 2023 is Tamil Nadus future

From 2023-24, children enrolled in pre-primary schools in Tamil Nadu will just play.And, as they go to higher classes, they will get to play the sport of their choice.

All-round development seems to be at the core of the state education policy Tamil Nadu is working on. Sports will be part of everyday life in schools for every child, said Aruna Rathnam, a member of the state education policy panel.

But the state needs to have more clarity.It is yet to decide on whether to have a 5+3+3+4 school education system or continue with the 10+2 system.Also unclear is TNs stand on the Union Government proposal for four-year BA, BSc degrees with multiple entry and exit.

It is also undecided about the academic bank of credits (ABC) proposed in the national education policy (NEP) and revamping of state universities.

The Economic Survey is an annual report card of the economy, which is presented a day before the budget and examines the performance of each and every sector and then suggests future moves.

India’s economy to grow 6.5% in 2023-24, compared to 7% this fiscal and 8.7% in 2021-22. Gross domestic product (GDP) in nominal terms to be 11% in next fiscal

Growth driven by private consumption, higher capex, strengthening corporate balance sheet, credit growth to small businesses and return of migrant workers to cities

growth to be in the range of 6-6.8% next fiscal depending on global economic, political developments

Challenge to rupee depreciation persists with the likelihood of further interest rate hikes by the US Fed

Current Account deficit (CAD) may continue to widen as global commodity prices remain elevated, economic growth momentum stays strong. If CAD widens further, rupee may come under depreciation pressure

The country’s Current Account Deficit widened to 4.4% of the GDP in the quarter ending September, from 2.2% of the GDP during the April-June period due to a higher trade gap, according to the latest Reserve Bank Of India (RBI) data.

India has sufficient forex reserves to finance CAD and intervene in forex market to manage rupee volatility

The growth in exports has moderated in second half of current fiscal; the surge in growth rate in 2021-22 and first half of current fiscal led to production processes shifting gears from ‘mild acceleration’ to ‘cruise mode’

Slowing world growth, shrinking global trade led to loss of export stimulus in the second half of current year

Bank credit growth likely to be brisk in FY24 on back of benign Inflation, moderate credit cost

Credit growth to small businesses high at over 30.5% in January-November, 2022

Central govt capex grew 63.4% in April-November of current fiscal

Stock market gave positive returns in calendar year 2022 unfazed by FPI withdrawal

Private consumption, Capital Formation led economic growth in current fiscal has helped generate EMPLOYMENT; urban employment rate declined, while Employee Provident Fund registration rose

The Survey said that ‘entrenched inflation’ may prolong the tightening cycle and therefore borrowing costs may stay higher for longer

The joint exercise, which will go through January 26th, intends to encourage international collaboration in air DEFENCE.

Four Su-30 MKI, two C-17, and one IL-78 aircraft from the Indian contingent will take part in the air exercise, while four F-2 and four F-15 aircraft from the JASDF will take part.

According to a statement from the Ministry of Defence, the first exercise would involve several aerial combat drills between the two Air Forces.

Theyll engage in sophisticated multi-domain air combat operations while exchanging best practises.