Day: April 6, 2018

Russia Started Building Turkey’s First Nuclear Power Plant

The Turkish Atomic Energy Authority awarded a construction license for Akkuyu NPP, Turkey’s first nuclear power plant, which is being built in Mersin province, in southern Turkey. The USD20 billion project to build the four-unit, 4800 MWe plant is part of Erdogan’s ‘2023 Vision’ marking 100 years since the founding of modern Turkey and is intended to reduce the country’s dependence on energy imports. The first unit is scheduled to start operations that year, with the other three units following by 2025. The plant is expected to meet about 10% of Turkey’s electricity needs. Erdogan noted that, between 2003...

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India and Azerbaijan signed two agreements

India and Azerbaijan have inked two documents for the visa waiver for diplomatic, official and service passports holders and cooperation between diplomatic training institutes. The agreements were signed during the ongoing visit of External Affairs Minister Sushma Swaraj to that country. Ms. Swaraj is there to be part of 18th NAM Ministerial Conference in...

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RBI Constitutes Inter-Departmental Group To Study Launching Of Fiat Digital Currency

The Reserve Bank of India has constituted an inter-departmental group to study and provide guidance on feasibility to introduce fiat digital currency backed by it. It will be submitted by end-June 2018. Fiat currency is the currency that a government has declared to be legal tender. It is different from cryptocurrency or virtual currency like Bitcoin which is not legal tender and not backed by the government. Fiat Digital Currency is the digital form of fiat money which is currently established as money by government regulation or law. As opposed to private digital tokens, fiat digital currency will be...

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Global Logistics Summit Held In New Delhi

The Global Logistics Summit was held in New Delhi. It was organized by the Department of Commerce, Ministry of Commerce & Industry, along with FICCI (Federation of Indian Chambers of Commerce & Industry) and the World Bank Group. The Summit acts as a platform to hold discussions with global experts, academics, government officials and private sector and industry representatives. According to the Union Minister for Commerce & Industry and Civil Aviation, Suresh Prabhu, 56 new airports will be ready for operation in the next few years....

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Coal Ministry Launches UTTAM App For Quality Monitoring

The Union Minister for Railways and Coal Shri Piyush Goyal today launched UTTAM App for Coal Quality Monitoring. UTTAM stands for Unlocking Transparency by Third Party Assessment of Mined Coal (uttam.coalindia.in). The Ministry of Coal and Coal India Limited (CIL) developed UTTAM, aims to provide an App for all citizens and coal consumers to monitor the process of Third Party Sampling of coal across CIL subsidiaries. UTTAM App ensures accountability, transparency, effectiveness, and efficiency in coal ecosystem. It provides a platform for monitoring of sampling and coal dispatches. The App is designed with an aim to make the citizens...

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