13th BRICS Education Ministers' meeting concludes with Declaration (See 'Corp Brief') IEPFA organises Stakeholder Engagement with Nodal Officers of Companies on Portal 2.0 (See 'Corp Brief') SARFAESI - Any tenancy created after issuance of notice u/s 13(2) without prior written consent of secured creditor, is void ab initio: HC National Handloom Day celebrates Tribal Weaves of India (See 'Corp Brief') SECL leads India in Scientific Mine Closure, Transforming abandoned Mines (See 'Corp Brief') IBC - RBI prudential norms stopping banks from recognising interest income on NPA accounts do not wipe out borrower's obligation to accrue & recognise interest expense in its own financial statements: NCLAT (See 'Legal Desk') Sowa-Rigpa must emerge as Globally Recognised Evidence-Based Healthcare System: Jadhav (See 'Corp Brief') Insurance Division, DFS secures 3rd Rank in Group A Category of Grievance Redressal (See 'Corp Brief') IPR - Registration of defendant's trademark does not bar passing off action where plaintiff establishes prior goodwill, misrepresentation and likely damage: HC (See 'Legal Desk') IndiaAI Mission organised AIKosh Univ Engagement Programme at Chitkara Univ (See 'Corp Brief') A&C - In international commercial arbitration seated in India, ground of ‘patent illegality' u/s 34(2A) is expressly excluded: HC (See 'Legal Desk') Comprehensive measures taken to boost digital infrastructure & cyber security: Jitin Prasada (See 'Corp Brief') Misc - A minor admitted to benefits of partnership firm is not personally liable for debts or liabilities incurred by firm during age of minority - ergo, bank communication declaring minor as wilful defaulter is invalid: HC (See 'Legal Desk') IPC showcases India's Regulatory Excellence at WHO Meeting in Nepal (See 'Corp Brief') Companies Act - Solely because a private bank carries on banking operations as scheduled bank or is bound to follow regulatory guidelines issued by the RBI, it does not acquires character of a statutory body: HC (See 'Legal Desk') GI & Beyond 2.0 Summit showcases India's GI-tagged Handloom and Handicraft Products (See 'Corp Brief') IPR - Test for 'efficacy' u/s 3(d) of Patents Act is not limited to 'therapeutic efficacy' for all substances: HC (See 'Legal Desk') CCI approves combination of many entities into InterGlobe Hotels (See 'Corp Brief') IPR - U/s 9(1)(a) of Trade Marks Act, correct legal test is whether applied mark possesses 'distinctive character', means if it is capable of distinguishing applicant's goods from those of others - YES: HC (See 'Legal Desk') House Panel deliberates on strengthening Human-Wildlife Conflict Mitigation through Technology (See 'Corp Brief') IBC - Private bank's commercial decision on debt assignment or settlement, even if regulated by RBI norms, remains private banking transaction and does not satisfy function test for writ maintainability: HC (See 'Legal Desk') PM-PRANAM Promotes Balanced Use of Fertilizer, Organic Farming (See 'Corp Brief') IPR - In absence of evidence showing acquired distinctiveness or secondary meaning, descriptive mark could not validly remain on Register: HC (See 'Legal Desk') On International Clouded Leopard Day, India strengthens Conservation through Dedicated Action Plan (See 'Corp Brief') Limitation - Single Judge rightly declined to exercise writ jurisdiction in a matter which essentially involves contractual obligations & involves disputed issues of fact: HC (See 'Legal Desk') Tete-a-tete around AI in banking sector often begins with algorithms (See CORP EINSICHT)

India has doubled power generation through Nuclear Energy: MoS

Published: Dec 12, 2024

By TIOLCorplaws News Service

NEW DELHI, DEC 12, 2024: INDIA'S Nuclear power generation capacity has grown significantly in last one decade, nearly doubling from 4,780 MW in 2014 to 8,180 MW in 2024.

This was disclosed here today in the Lok Sabha by Union Minister of State (Independent Charge) for Science and Technology, Minister of State (Independent Charge) for Earth Sciences, MoS PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, Dr. Jitendra Singh addressed the Lok Sabha today, in response to a discussion on Nuclear power.

The Minister highlighted the significant progress and future potential of India's atomic energy program. He elaborated on key developments and outlined a roadmap for achieving greater self-reliance in nuclear power generation.

Dr. Jitendra Singh emphasized the revision of India's power distribution framework, which has increased the home state's share of electricity from atomic plants to 50%, with 35% allocated to neighboring states and 15% to the national grid. This new formula ensures equitable resource distribution and reflects the federal spirit of the nation.

While highlighting how India's Nuclear power generation capacity has grown significantly, nearly doubling from 4,780 MW in 2014 to 8,180 MW in 2024, Dr Jitendra Singh added that the capacity is projected to triple to 22,480 MW by 2031-32, showcasing India's commitment to scaling up its nuclear energy infrastructure.

The Union Minister attributed this progress to several transformative initiatives, including the bulk approval of 10 reactors, increased funding allocations, collaborations with Public Sector Undertakings (PSUs), and limited private sector participation. He credited advancements in technology and streamlined administrative processes for strengthening India's nuclear infrastructure.

In addition to energy production, Dr. Jitendra Singh highlighted the diverse applications of atomic energy. He noted its extensive use in agriculture, including the development of 70 mutagenic crop varieties. In the healthcare sector, India has introduced advanced isotopes for cancer treatment, while in the defense sector, atomic energy processes have been used to develop cost-effective, lightweight bulletproof jackets.

The Union Minister also underscored India's abundant thorium reserves, which constitute 21% of the global total. Indigenous projects like "Bhavani" are being developed to harness this resource, reducing dependence on imported uranium and other materials. He acknowledged the challenges in implementing atomic power projects, such as land acquisition, forest clearances, and equipment procurement, but reaffirmed the government's commitment to addressing these issues. He noted that nine atomic power projects are currently under construction, with several others in the pre-project stage, demonstrating India's dedication to expanding nuclear energy capacity.

Dr. Jitendra Singh provided a historical perspective, highlighting projects like the Kudankulam Nuclear Power Plant, which gained momentum post-2014 under the leadership of Prime Minister Narendra Modi. He reiterated India's commitment to peaceful purposes of atomic energy, as envisioned by Dr. Homi Bhabha, and emphasized leveraging nuclear energy for sustainable development while aligning with the vision of "One Nation, One Government."

This progress underscores India's resolve to achieve energy self-sufficiency, drive innovation, and contribute significantly across sectors through the peaceful applications of nuclear energy.

TIOL CORP SEARCH

TIOL GROUP WEBSITES