29-10-21 Daily-Punjab-PPSC Current Affairs

unjab chief ministerCharanjit Singh Channion Saturday approved the PSPCLs proposal to terminate GVK Goindwal Sahib (2×270 MW)Power Purchase Agreement. Subsequently, thePunjab State Power Corporation Limited(Pspcl) has issued termination notice to the company.

Meanwhile, a preliminary default notice has been served by PSPCL to GVK on Saturday for cancellation of PPA due to high power cost and falling lowest in the merit order, procurement of energy from GVK that had been restricted only within the range of 25% to 30% during most of the times of a year resulting in higher tariff of about Rs 7.52 per unit for last year.
Channi said that this step had been taken to safeguard the interest of consumers of the state by way of reducing the burden of costly power.

Development Organisation (DRDO) and the Indian Air Force (IAF) have flight-tested the Long-Range (LR) Bomb on 29 October.

Highlights:

An aerial platform near Balasore, Odisha, was used to test a long-range bomb.
It was launched from an IAF fighter aircraft and guided to a land-based target within prescribed limitations and with pinpoint accuracy.

The Integrated Test Range used a number of range sensors, telemetry, radar, and an Electro-Optical Tracking System to track the bomb’s flight and performance.

In collaboration with other DRDO facilities, Hyderabad’s Research Centre Imarat (RCI) conceived and produced the bomb.

An aerial platform near Balasore, Odisha, was used to test a long-range bomb.

It was launched from an IAF fighter aircraft and guided to a land-based target within prescribed limitations and with pinpoint accuracy.

Affairs:In the Global Climate Tech Trend Report, India ranked in the 9th position in the Top 10.

Highlights

According to London & Partners and Co’s research ‘Five years on: Global climate tech investment trends after the Paris Agreement,’ India ranked ninth among the top ten countries for climate technology investment from 2016 to 2021.

During this time, Indian climate-tech companies garnered $1 billion in Venture Capital (VC) funding.

The paper looked at Climate Change developments since the United Nations Conference of Parties (COP) in Paris, France, in 2016.

The United States (US) led the list with USD 48 billion, followed by China with USD 18.6 billion.

Climate-tech venture capital investment surged nearly fivefold, from $6.6 billion in 2016 to $32.3 billion in 2021.

Facebook has rebranded as Meta, with the goal of creating the “metaverse,” a shared virtual Environment that it believes will succeed the mobile Internet.

Highlights

The name change, first reported by the Verge, is an important rebranding for Facebook.
It unveiled a new logo in 2019 to distinguish the company from its Social Media app.

Metaverse

The term “metaverse” was coined three decades ago in the dystopian novel “Snow Crash,” and it is now a buzzword in Silicon Valley.

According to Zuckerberg, the new moniker, which comes from the Greek word for “beyond,” symbolises that there is always more to build.

It refers to the concept of a shared virtual reality that may be accessed via a variety of devices.

China successfully launched a new satellite on 24 October to test and verify space debris mitigation technologies.

Highlights:

It was launched from the Xichang Satellite Launch Centre in southwest Chinas Sichuan Province.

The satellite, named Shijian-21, was launched by a Long March-3B carrier rocket, and it entered the planned orbit successfully.

The satellite will be mainly used to test and verify space debris mitigation technologies.

Shijian-21 was launched from the Xichang Satellite Launch Centre in southwest Chinas Sichuan Province on a Long March-3B carrier rocket.

The satellite will be mainly used to test and verify space debris mitigation technologies.

The Shanghai Academy of Spaceflight Technology developed the satellite.

This launch marked the 393rd mission for the Long March series carrier rockets.

The mission also marked the 39th space launch mission for China in 2021.