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want fo be start but th Page 5: No respite from heat as mercury continues to rise in Kerala . Large parts of Kerala continued to sizzle in the scorching summer heat, with the temperature crossing 39 degrees at Vellayani, near Thiruvananthapuram, and hovering around 38 degrees in Palakkad and Kottayam districts and Punalur in Kollam reHeatstroke and sunburn cases were reported from several places even as the Kerala State eDisaster Management Authority sounded a warning that the maximum temperature in eight districts could rise by 2 to 3 degrees above normal over the next two days. Heat waves Heat waves are among the leading causes of deaths among natural disasters in India. The heat waves of 2015 and 2016 had killed 2,040 and 1,111 people across the country respectively, according to records from the National Disaster Management Agency. ink h cause ferent PLI What is a heat wave? kand stay A Heat Wave is a period of abnormally high temperatures, more than the normal maximum temperature that occurs during the summer season in the North-Western parts of India. Heat Waves typically occur between March and June, and in some rare cases even extend till July-
want fo be start but th The extreme temperatures and resultant atmospheric conditions adversely affect people . living in these regions as they cause physiological stress, sometimes resulting in death Heat Wave need not be considered till maximum temperature of a station reaches atleast eWhen actual maximum temperature remains 45*C or more irrespective of normal maximum What are the IMD conditions for heat wave? 40*C for Plains and atleast 30*C for Hilly regions temperature, heat waves should be declared. Health Impacts of Heat Waves The health impacts of Heat Waves typically involve dehydration, heat cramps, heat exhaustion and/or heat stroke, About NDMA ink h cause ferent It is the apex body for disaster management in India created under Disaster Managementp Act, 200s It is headed by the Prime Minister There are also State Disaster Management Authorities (SDMAs) headed by respective Chief kand stay Ministers, to spearhead and implement a holistic and integrated approach to Disaster Management in India
want fo be start but th Page 7: India's carbon dioxide emissions up 5% According to a report by the International Energy Agency (IEA), India emitted 2,299 million tonnes of carbon dioxide in 2018, a 4.8% rise from the previous year. ph India's emissions growth was higher than that of the United States and China-the two reve biggest emitters in the world_and this was primarily due to a rise in coal consumption. China, the United States, and India together accounted for nearly 70% of the rise in energy demand India's per capita emissions were about 40% of the global average and contributed 7% to the imm global carbon dioxide burden. The U.S., the largest emitter, was responsible for 14% India's energy intensity improvement declined 3% from the previous year even as its renewable energy installations increased 10.6% Global energy consumption in 2018 increased at nearly twice the average rate of growth ink h cause . . PLI kand stay since 2010, driven by a robust global economy and higher heating and cooling needs in some parts of the world
want fo be start but th Demand for all fuels increased, led by natural gas, even as solar and wind posted double digit growth Higher electricity demand was responsible for over half of the growth in energy needs Energy efficiency saw lacklustre improvement. As a result of higher energy consumption, carbon dioxide emissions rose 1.7% last year and hit a new record The United States had the largest increase in oil and gas demand worldwide. Gas consumption jumped 10% from the previous year, the fastest increase since the beginning of IEA records in 1971 . . India's commitments ink h cause ferent As per its commitments to the United Nations Framework Convention on Climate Change, India has promised to reduce the emissions intensity of its economy by 2030, compared to the 2005 levels. . i pur kand stay It has also committed to having 40% of its energy from renewable sources by 2030 and, as part of this, install 100 GW of solar power by 2022 . India says it will cost at least $2.5trillion (*150 trillion approx.) to implement its climate ' pledge, around 7 1 % of the combined required spending for all developing country pledges
want fo be start but th Page 13: RBI receives aggressive bids, infuses 34,500 cr. Liquidit . The first dollar-rupee buy/sell swap auction by Reserve Bank of India (RBI), which was aimed at infusing primary liquidity, saw aggressive bidding by banks, data released by the central bank showed . The RBI received $16.31 billion in bids for the auction for a notified amount of $5 billion. In eturn, RBI infused 334,561 crore rupee liquidity. reve Market participants said the auction was successful as RBI got bids three times more than what it had intended to purchase, adding that both domestic and foreign banks participated in the auction cause ferent Fewer OMOs There is expectation that RBI would conduct more such auctions as there is an appetite in the pu market, and reduce dependence on open market purchases of bonds. RBI has infused a significant amount of liquidity in the current fiscal through open market operations (OMOs) kand stay .
want fo be start but th Page 13: L&T makes an open offer to buy 31% stake in Mindtree for 5,030 cr. Engineering and construction major Larsen and Toubro (L&T) on Tuesday made an open offer to acquire up to 5.13 crore equity shares of Mindtree, representing 31% of the voting share capital, for 980 a share or 5,030 crore. y ha reThe offer will open on May 14 and close on May 27, the company informed Mindtree he shareholders. As per the terms of the offer, L&T does not have any intention to dispose-off or otherwise encumber any assets or investments of Mindtree or any of its subsidiaries, through sale, lease, encumbrance, reconstruction, restructuring or otherwise, other than in the ordinary course of business. ink h ferent Special resolution . "If the acquirer intends to alienate any material asset of the target company or any of its PLI kand stay subsidiaries within a period of two years from the date of completion of the offer, a special resolution of the shareholders of the target company or any of its subsidiaries, as applicable, would be taken before undertaking any such alienation of any material asset," said the offer document
but th "The object and purpose of the acquisition of a controlling stake in the target company is aligned with the acquirer's strategy to grow the revenue and profit of its asset-light services, business portfolio, thereby increasing the consolidated return on equity and further ivsifying the consolidated group revenue and profits into the information technology and p technology services areas," L&T said . Last week, L&T had agreed to buy 20.32% stake in Mindtree for rev 3,269 crore from Indian he coffee baron V.G. Siddhartha. L&T had also placed an order with its broker for an on-market purchase of up to 1 5% of Mindtree's shares a 980 a share. ink h cause ferent pu kand stay
want fo be start but th Page 13: Mindtree not to go ahead with share buy-back . The board of Mindtree Ltd. decided not to go ahead with its proposed buy-back of equity shares amid a 'hostile' attempt by Larsen & Toubro to acquire a majority stake in the Bengaluru-based IT firm. ph Additionally, the board has formed a committee of independent directors (IDC) to look into eand provide recommendations on the "unsolicited" open offer by L&T to buy 5.13 crore Mindtree shares (about 3 1% stake) at 980 apiece. The committee has time till May 10 to give its recommendation to the company's shareholders on the open offer. All the independent directors will be members of the IDC ink h cause ferent pu kand stay
want fo be start but th L&T. Mindtree issue Larsen & Toubro announced its plans to acquire up to 66 per cent stake in Mindtree which was considered a hostile move by Mindtree. . Calling it a "grave threat" to the company, they said the acquisition lacked "any strategic ph advantage" L&T reached an agreement with V G Siddhartha, the owner ofCoffee Day Trading and Coffee Day Enterprises, to acquire a 20.32 per cent stake in Mindtree at Rs 980 per share, aggregating to around Rs 3,300 crore. ink h . It has also placed an order to acquire an additional 15 per cent stake from the open market And, apart from this, it wants to purchase 31 per cent stake of the outstanding shares through an open offer. pu With 66.32 per cent stake in Mindtree, L&T would become the majority shareholder. . kand stay
want fo be start but th Whv is the takeover called a hostile move? View 1 - in support ofL&T Mindtree may have called the move a hostile move due to its emotions attached with the company where another company becomes a major shareholder suddenly. pBt looking at the larger picture, the takeover should be a good move as it involves the hegcoming together of two large companies having common interests. The move will help L&T to have a large audience and a greater pursuit of growth Also L&T is a company which makes huge investments in infrastructure. Their diversification into software and services will make the right blend for the company. . ink h View 2 - in support of Mindtree ferent The takeover is not a illegal one but an immoral and unethical one . Companies like mindtree were among the initial entrepreneurs in India. These companies PLI have been developed by people who have worked round the clock without salaries and holidays to bring up that company. The takeover of the company is more of disrupting the emotions of its employees who have just started reaping the benefits of their hard work. In India, cultural values hold more significance than large business stakes. kand stay .
want fo be start but th The work ethos of both companies is different as well. While L&T has a purely business model, Mindtree has an informal way of working . What are the implications? L&Tbeing a large infrastructure company has chosen to invest in services sector which ree ht mean there is not much growth left in the infrastructure sector. Start ups should be cautious about their investors to avert such happenings in future. . It should be analysed whether such take over where the company and its employees are not very happy should be made or not Such takeovers might be the reason for hostility between the new management and its employees ink h cause ferent pu kand stay
Have appeared in UPSC CSE thrice. Have been taking Unacademy Plus courses Academics- Polity, Economics & Current Affairs.