want fo be start but th Page 12: India, Maldives agree to cooperate on defence, development, health External Affairs minister is on a visit to Maldives. It is the first full-fledged bilateral trip from India to the island nation after the government of President Ibrahim Mohamed Solih came to power in November last year. reve DiscuSsions India and the Maldives discussed measures to strengthen ties and agreed to collaborate in the fields of defence, development cooperation, capacity building and health. Both the External Affairs Ministers reviewed progress on important bilateral issues, including implementation of agreed outcomes of President Solih's visit to India last year. Ms. Swaraj also called on the Speaker of the Parliament of Maldives, Qasim Ibrahim, and reiterated India's commitment to supporting the country in its path of peace, development, prosperity and democracy. She unveiled a plaque dedicating the renovated IGM Hospital to the people of Maldives in the city of Male. IGMH is the first and largest government health-care facility in the Maldives, built with Indian assistance. . ink h cause ferent . 'pur kand stay
want fo be start but th Page 13: New hydro policv to help meet renewables target . The new hydroelectricity policy included large hydro projects within the ambit of renewable energy. A large number of hydroelectric projects were re-classified as renewable energy projects ee thout creating any new projects. iance 1. Increased installed capacit Prior to the policy, only small hydro projects of a capacity of less than 25 MW were treated as renewable energy. Large hydro projects were treated as a separate source of energy India's renewable energy sector had an installed capacity of 75,055.92 MW as of February 2019, according to data with the Central Electricity Authority. This made up about 2 1.4% of the overall energy mix, with the rest coming from thermal, nuclear and large hydro sources. With the inclusion of large hydro in renewable energy, the energy mix changes drastically. Renewable energy capacity would now be 1,20,455.14 MW or 34.4% ofthe overall energy mix ink h cause ferent . pu. kand stay
want fo be start but th 2. Change in renewable energy mix Whereas earlier, wind energy contributed nearly 50% of all renewable energy capacity, it will now make up only 29.3% Similarly, solar energy's share will fall from 34.68% to 2 1.61% The hydro sector, however, will see its share grow from just over 6% to over 41% ph rev. Benefits . It provides grid stability which a renewable source like wind and solar do not. . It also provides a better energy mix It will help India in achieving its renewable energy target of 175 GW renewable energy ink h cause ferent target by 2022 PLI It could also have a positive effect on the stock prices of State-run hydroelectric companies such as NHPC and SJVN at a point when the government is looking to sel its stake in these companies.
want fo be start but th Page 13: SEBI contemplates reducing time to list rights issue shares After reducing the time to list shares on the stock exchanges post-closure of initial public offerings (IPOs), markets regulator SEBI is aiming to cut down the time for listing of rights issue shares, an official said. y has re September last year, the Securities and Exchange Board of India (SEBI) decided on hereducing the time to list shares on the bourses after IPO to three days from the present six. . The SEBI directive is likely to come into effect from July this year SEBI had cited mitigating external risks such as market volatility and uncertainty of financial markets as the reason behind the move. SEBI expects the number of days for listing the rights issue shares will come down to 8-10 days from about a month now. ink h ferent PLI Stakeholders involved kand stay The markets regulator has involved stakeholders such as depositories and transaction advisors in the rights issue listing simplification process. From April, Unified Payments Interface (UPI) will be introduced as an alternative payment tion for retail investors and SEBI had already cleared a proposal on it
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