NTPC and Tecnimont Signed MOU for Green Methanol Project
NTPC
and Tecnimont Signed MOU for Green Methanol Project
Why In News
NTPC
signed a non-binding Memorandum of Understanding (MoU) with Tecnimont Private
Limited, the Indian subsidiary of Maire Tecnimont Group, Italy.
Key Points
NTPC
signed a non-binding Memorandum of Understanding (MoU) with Tecnimont Private
Limited, the Indian subsidiary of Maire Tecnimont Group, Italy. NTPC is India’s
largest power generation company. The objective of the MoU is to jointly
evaluate and explore the possibility to develop a commercial-scale Green
Methanol production facility at the NTPC project in India.
Objectives
of MoU Signed by NTPC and Tecnimont Private Limited
The
Green Methanol Project involves capturing carbon from NTPC power plants and
converting it into green fuel. Green Methanol has a wide range of applications
including serving as a base material for the Chemical industry, storing
renewable electricity, and transportation fuel.
NTPC
NTPC
formerly known as National Thermal Power Corporation Limited is an Indian
government electricity board engaged in the business of generation of
electricity and allied activities. The company is incorporated under the Companies
Act 1956 and is under the ownership of the Ministry of Power.
Tecnimont Private
Limited
Tecnimont
Private Limited is a private incorporated on 9th July 1958. Directors of
Tecnimont Private Limited are Thiyagarajan Bhupalasundaram, Ramnath Nilkantha,
Gianni Bardazzi, Sathiamoorthy Gopalsamy, and Enrico Rolandelli.
Punjab Ranks 2nd in Average Monthly Income Per Agricultural Household: Govt
Punjab
Ranks 2nd in Average Monthly Income Per Agricultural Household: Govt
Why In News
Punjab
ranks second in the country in average monthly income per agricultural
household. The fact came to light in a data provided by Union Minister of
Agriculture and Farmers Welfare Narendra Toamr.
Key Points
The
fact came to light in a data provided by Union Minister of Agriculture and
Farmers Welfare Narendra Singh Tomar in the ongoing session of Rajya Sabha.
The Monthly Income
Across The States:
As
per information, Meghalaya tops across the country with average monthly income
per agricultural household (Rs 29,348). Punjab (Rs 26,701) is followed by
Haryana (Rs 22,841), Arunachal Pradesh (Rs 19,225), Jammu and Kashmir (Rs
18,918), group of Union Territories (Rs 18,511), Mizoram (Rs 17,964), Kerala
(Rs 17,915), group of northeastern states (Rs 16,863), Uttarakhand (Rs 13,552),
Karnataka (Rs 13,441), Gujarat (Rs 12,631), Rajasthan (Rs 12,520), Sikkim (Rs
12,447) and Himachal Pradesh (Rs 12,153).
Crops In Punjab:
The
prominent crops produced in Punjab include rice, wheat, maize, bajra,
sugarcane, oilseeds, and cotton, but rice and wheat alone constitute 80 per
cent of the total gross cropped area.
Indian Bank launched ‘MSME Prerana’ programme in Rajasthan
Indian
Bank launched ‘MSME Prerana’ programme in Rajasthan
Why In News
Indian
Bank, one of the leading public sector banks in the country, has launched its
flagship business mentoring program for MSME entrepreneurs ‘MSME Prerana’ in
the state of Rajasthan.
Key Points
Indian
Bank, one of the leading public sector banks in the country, has launched its
flagship business mentoring program for MSME entrepreneurs ‘MSME Prerana’ in
the state of Rajasthan. Indian Bank’s unique program, “MSME Prerana”, is a
first-of-its-kind initiative for MSME Sector in the country by any bank.
Aim
Its
is aims at empowering MSME Entrepreneurs through skill development and capacity
building training in their local languages, assisting them in acquiring
necessary financial and managerial skills, capacity to handle crisis in
business, understanding of dynamics of credit rating and risk management. The
training program is in collaboration with M/s Poornatha & Co, a firm that
designs entrepreneurial development program in vernacular languages using
online web interactive sessions and case studies. Indian Bank has already
conducted this online program in 7 languages across 10 states.
Micro Small and
Medium Enterprises (MSME)
The
Ministry of Micro, Small and Medium Enterprises is the ministry in the
Government of India. It is the apex executive body for the formulation and
administration of rules, regulations and laws relating to micro, small and
medium enterprises in India. MSMEs are regulated under the ‘Micro, Small and
Medium Enterprises Development Act, 2006’. The law had defined MSME in India.
The enterprises or businesses which are engaged in either manufacturing or
service sector are defined as Micro Small or Medium enterprises on the basis of
their turnover (sales) and investment in plant and machineries.
Micro enterprises
Enterprises
with an annual turnover of less than Rs 5 crore and the maximum investment in
plant and machinery or equipment shall not be more than one crore rupees.
Small Enterprise:
The
enterprises where the investment in plant and machinery or equipment does not
exceed ten crore rupees and turnover does not exceed fifty crore rupees;
Medium Enterprise:
The enterprises where the investment in plant and machinery or equipment does exceed fifty crore rupees and turnover does not exceed two hundred and fifty crore rupees.