Current Affairs 28 October 2022

1.     GOVERNMENT TO REVAMP TELECOM REGULATORY AUTHORITY OF INDIA

  • News: The government may introduce a separate draft law to make the Telecom Regulatory Authority of India (Trai) a permanent technical body, on the lines of the UK and US communications regulators, with powers to penalize companies that fail to meet quality standards.
  • About Telecom Regulatory Authority of India:
    • The Telecom Regulatory Authority of India (TRAI) is a regulatory body set up by the Government of India under section 3 of the Telecom Regulatory Authority of India Act, 1997.
    • It is the regulator of the telecommunications sector in India.
    • It consists of a Chairperson and not more than two full-time members and not more than two part-time members.
    • The TRAI Act was amended by an ordinance, effective from 24 January 2000, establishing a Telecom Disputes Settlement and Appellate Tribunal (TDSAT) to take over the adjudicatory and disputes functions from TRAI.

2.     GREEN POWER IN INDIA

  • News: Amid the government’s ambitious energy transition goals, as much as 5 GW of electricity from renewable energy projects remains unsold.
  • Details:
    • The reason: A government-run nodal agency has been unable to find distribution companies willing to buy the power from these projects.
    • State-run Solar Energy Corp. of India (SECI), the nodal agency for renewable energy, signs PPAs with winning power developers in auctions, and subsequently signs power sale agreements (PSAs) with discoms for the sale of this power. However, discoms are increasingly reluctant to sign PSAs, as they notice tariffs keep declining in subsequent auctions.

3.     RESTRICTIONS ON GLYPHOSATE HERBICIDE

  • News: The government has restricted the use of the herbicide glyphosate and its derivatives, fearing health hazards and risks to humans and animals, a move opposed by an industry association which cited endorsements from global studies and regulatory bodies.
  • Details:
    • Glyphosate and its formulations are widely registered and currently used in more than 160 countries, including the EU and the US. Farmers across the globe have been using it for weed control for over 40 years.
    • Companies have been asked to return certificates of registration granted to glyphosate and its derivatives to the Registration Committee for incorporation of the warning in bold letters, “the use of glyphosate formulation to be allowed through PCOs” on the label and leaflet.
    • Companies have been given three months to return the certificate or face strict action under the Insecticides Act, 1968.

4.     WET LEASE AND DRY LEASE

  • News: The Directorate General of Civil Aviation (DGCA) has allowed IndiGo to wet lease wide-body Boeing planes from Turkish Airlines for up to six months and has rejected the domestic carrier’s request for leasing the aircraft for up to two years, according to sources.
  • About Wet Lease:
    • A wet lease means that the organization or person who owns the aircraft will provide that aircraft as well as one or more crew members to the lessee.
    • Even more important, the owner also promises to conduct adequate maintenance and procure the insurance necessary to operate.
    • No possession of the aircraft occurs under the terms of a wet lease, which makes it an exception to a typical lease. Under a wet lease, the lessor has operational control.
  • About Dry Lease:
    • A dry lease is slightly different: The owner still provides the lessee with an aircraft without crew.

5.     UNITED NATIONS ENVIRONMENT PROGRAMME

  • News: At 2.4 tCO2e (tonne carbon dioxide equivalent), India’s per capita greenhouse gas emissions were far below the world average of 6.3 tCO2e in 2020, according to a new report released by the United Nations Environment Programme.
  • About United Nations Environment Programme:
    • The United Nations Environment Programme (UNEP) is responsible for coordinating responses to environmental issues within the United Nations system.
    • It was established by Maurice Strong, its first director, after the United Nations Conference on the Human Environment in Stockholm in June 1972. Its mandate is to provide leadership, deliver science and develop solutions on a wide range of issues, including climate change, the management of marine and terrestrial ecosystems, and green economic development.
    • The organization also develops international environmental agreements; publishes and promotes environmental science and helps national governments achieve environmental targets.
    • As a member of the United Nations Development Group, UNEP aims to help the world meet the 17 Sustainable Development Goals.
    • UNEP hosts the secretariats of several multilateral environmental agreements and research bodies, including The Convention on Biological Diversity (CBD), The Minamata Convention on Mercury, The Convention on Migratory Species and The Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES).

6.     FACTS FOR STATE SERVICES

  • World Economic Outlook report is published by International Monetary Fund.