CURRENT AFFAIRS

Detailed explanation-1: -Rs 1996.46 crore was allocated for solar energy under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme, which was launched in 2019.

Detailed explanation-2: -CFA of 30% on the cost of installation of solar power plant (up to Rs. 1.05 Cr/MW) will be provided. However, in the North Eastern States, Sikkim, Jammu & Kashmir, Himachal Pradesh and Uttarakhand, Lakshadweep, and A&N Islands 50% subsidy is available.

Detailed explanation-3: -The Scheme aims to add 30.8 GW of solar capacity with central financial support of over Rs. 34, 000 Crore. Following are the major achievements in implementation of the Scheme during the year 2022: Department of Expenditure approved the proposal of MNRE to extend the Scheme till 31.03.

Detailed explanation-4: -Finance minister Nirmala Sitharaman had in the FY22 budget announced ₹1.97 lakh crore for PLI schemes that now cover 14 key sectors. This incentive amount, which is for the five-year period beginning FY22, may be raised in the budget.

Detailed explanation-5: -The country’s vision is to achieve Net Zero Emissions by 2070, in addition to attaining the short-term targets which include: Increasing renewables capacity to 500 GW by 2030, Meeting 50% of energy requirements from renewables, Reducing cumulative emissions by one billion tonnes by 2030, and.