1.Environment

Indian Navy’s largest solar power plant commissioned in Kerala

Indian Navy’s largest solar plant is part of its contribution to the ‘National Solar Mission’

The plant is located at Indian Naval Academy, Ezhimala, Kerala.

Its capacity is a 3 MW and has a life of 25 years

Quick Fact: The National Solar Mission aims to achieve 100 GW of solar power by the year 2022.

2.Science and Technology

NASA’s ASTHROS Mission

ASTHROS stands for Astrophysics Stratospheric Telescope for High Spectral Resolution

Observations at Submillimeter-wavelengths

The mission will send a telescope, on a football stadium-sized balloon, at the stratospheric level to observe wavelengths of light invisible from the Earth.

This will help in understanding the formation of giant stars in the galaxy

Quick Fact: NASA headquarters are located in Washington, D.C., United States

3.Person in News

Partha Pratim Sengupta Appointed New MD, CEO Of Indian Overseas Bank

Partha Pratim Sengupta has been appointed as the new Managing Director and Chief

Executive Officer of Indian Overseas Bank.

Currently he is the Deputy Managing Director and Chief Credit Officer at State

Bank of India.

Quick Fact: The headquarters of Indian Overseas Bank is located in Chennai

4.Economy

Indian Accounting Standards related to leasing amended

Ministry of Corporate Affairs, Government of India amended the Indian Accounting Standards related to leasing.

These changes were made to facilitate rent concessions and changes to leases while in contract period during the corona pandemic crisis

Indian Accounting Standards is issued and supervised by the Accounting Standards Board.

5.Environment

FAO releases Global Forest Resources Assessment: India ranks third

The report assesses the condition and management of forests in the member countries.

According to the report, 10 countries have gained forest area between 2010 and 2020

Related to India:

  1. It accounts for 2% of total global forest area
  2. It provides 50% of the world forestry employment, which is the highest

India ranked third is terms of forest gain, after China and Australia

Quick Fact:  Food and Agriculture Organization is a specialized agency of the United Nations