India successfully met peak power demand of 241 GW on 9th June with zero peak shortage
Ministry of Power stated in a latest update yesterday that India successfully met peak power demand of 241 GW on 9th June, 2025 with zero peak shortage. India is set to revolutionize its power transmission with the rollout of an Ultra High Voltage Alternating Current (UHV AC) Transmission System. Nine 1100 kV lines and ten substations have been identified for development by 2034, with testing facilities under development by the Central Power Research Institute. Investment would be Rs 53,000 Crore. The country added its highest-ever generation capacity of 34 GW during 2024-25, with renewable energy accounting for 29.5 GW. The nation's total installed capacity now stands at 472.5 GW, up from 249 GW in 2014.
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Time of India
22 minutes ago
- Time of India
Foodgrain exports likely from Odisha: KV
1 2 Berhampur: Deputy chief minister Kanak Vardhan Singh Deo on Thursday said Odisha would emerge as a major exporter of agricultural products in the country in the next four years. The state exported fruit, including mangoes and dragon fruit, and vegetables to some countries recently. In the days to come, the govt is trying to export foodgrains, including rice, Singh Deo, who holds agriculture and farmers welfare portfolio, said addressing a press conference here. Odisha has shown remarkable progress in foodgrain production and emerged as a foodgrain surplus state, he said. In rice production, the state has achieved self-sufficiency and is trying to export to other countries, he added. Sources said the foodgrain production has reached a record high of 143 lakh tonne in 2023-24. The foodgrains include paddy, maize, pulses and other coarse cereals. Singhdeo said the state govt would request the Centre for a cargo flight to export agriculture products to other countries, as the state is emerging as a major exporter of agriculture products. He said state is focusing on oilseeds production. The minister, who was here to present the achievements of his govt in the last one year, on the occasion of its one-year celebration, also addressed an intellectual meet and flagged off the Bikash Vahan, here. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo He said the govt is committed to increase farmers' income by providing better price for their products, market linkage, cold storage facilities and advice for area-specific farming. The govt has provided Rs 800 input subsidies to the farmers above the minimum support price (MSP) of paddy in the last year. This would also be continued this year, he said. Singh Deo, who also holds the energy portfolio, claimed all revenue villages in the state have been electrified. Some other hamlets that are yet to get electricity would be electrified soon. MP (Berhampur) Pradeep Kumar Panigrahy, several MLAs and BJP functionaries were present. Follow more information on Air India plane crash in Ahmedabad here . Get real-time live updates on rescue operations and check full list of passengers onboard AI 171 .
Time of India
22 minutes ago
- Time of India
Farm diversification, skill devpt will help Odisha become $500bn eco by 2036: CM
1 2 As you enter the second year in office, what are your priorities? Our primary focus will be to build upon the successful initiatives we've already established, particularly in three key areas — commitment to social development, specifically expanding farmer welfare programmes; advancing women's empowerment initiatives and creating employment opportunities for our youth. Secondly, we're prioritising infrastructure development by strengthening healthcare facilities, improving educational institutions and enhancing transportation networks. Thirdly, we're focused on economic growth by ensuring promised industrial investments are implemented to create a robust foundation for sustainable development. We are working toward our vision of achieving a US$ 500 billion economy by 2036. To achieve this economic dream, you need double digit growth, far more than the projected 8-8.5% this year. What is the roadmap? I understand it's not so easy. Transforming our economy presents significant challenges. Currently, our economy relies heavily on agriculture, with 75% of the population dependent on farming, primarily single-crop paddy cultivation. To address this imbalance, we are implementing a two-pronged approach. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Pinga-Pinga e HBP? Tome isso 1x ao dia se tem mais de 40 anos Portal Saúde do Homem Clique aqui Undo First, we are promoting agricultural diversification by encouraging farmers to cultivate non-paddy cash crops. Second, we are investing in skill development programmes to create a balanced workforce across farming, industrial and service sectors. Unlike our predecessors, we are expanding govt sector employment. They are needed to effectively implement our vision. Additionally, we are working diligently to materialise investment commitments exceeding Rs 16 lakh crore, which will further support this economic transformation. Investment promises have failed to yield results in the past. What makes you so confident? There is a fundamental difference between our govt and that of the predecessors. While the BJD govt engaged in vote-bank politics and showed little commitment in implementing real change, we are dedicated to turning promises into concrete actions. With strong willpower and the backing of the central govt, we are prepared to go above and beyond to achieve our goals. Our robust mining sector serves as a cornerstone for our economy, and we plan to leverage this strength by expanding mine auctions and optimising revenue from minor minerals. How do you plan to achieve urbanisation plan of 40% population by 2036, which is less than 20% now? Expansion of Bhubaneswar and development of new urban centres across Odisha will be driven by strategic industrialisation and service sector growth. Significant step in this direction is the planned satellite city at Khurda-Gothapatna, where land has already been earmarked through various schemes. In central Bhubaneswar, near Rajmahal Square, plans are underway to establish a world-class market complex and IT hub. Additionally, 4-5 nodal cities will be developed across the state, each supported by region-specific industries. Infra projects like a second AIIMS, another central university and a second agricultural university had been promised in the manifesto. What is the status? Govt has been working in close coordination to ensure that promises are met. When I said infrastructure is a focus, all these are part of that. We have already started the process to set up a second AIIMS. It will come up as promised. Besides, our govt is committed to have medical colleges in all 30 districts in a phased manner. Similarly, existing medical colleges and higher educational institutions will be improved. There is nothing in the manifesto, which will not be fulfilled. There is communal tension in Bhadrak while gastroenteritis has taken a toll in Jajpur... Govt has taken both these developments very seriously, though these are isolated incidents. After BJP govt came to power, Bhadrak was only the second such communal incident after the one in Sambalpur. Our govt is committed to ensure everybody, irrespective of community, feels at home in Odisha. The govt has taken proactive steps. There were some administrative changes after the Bhadrak incident. A package has been announced for family of a youth who was killed. Regarding diarrhoea in Jajpur, govt has deployed additional health experts to contain the situation. Congress has termed your first year as one of deceit while BJD chief Naveen Patnaik has criticised you for making long speeches? The Congress party's state leadership is struggling with internal divisions and lacks a clear identity. Their attempts to capture public attention seem more performative than substantive. When I speak at length, it's because I genuinely represent all Odisha residents and maintain complete transparency. Unlike some others in the past, I don't rely on prepared statements from officials. My grass-roots background has given me deep insight into the real situations people face. Though I may not have extensive administrative experience, I have a clear vision and a thorough understanding of the challenges facing our people. Follow more information on Air India plane crash in Ahmedabad here . Get real-time live updates on rescue operations and check full list of passengers onboard AI 171 .
Indian Express
37 minutes ago
- Indian Express
Air India plane crash: Victims' kin may get up to Rs 1.5 cr each as insurance compensation
The crash of Air India's Boeing 787-8 Dreamliner won't have any financial impact on the Tatas which own the airline as the aircraft is insured and people who perished in the crash will get suitable compensation from insurance companies. As per the Montreal Convention treaty, the Air India will have to pay a compensation of around Rs 1.5 crore each to the kin of victims of the plane crash. Air India will get adequate compensation for the lost aircraft from insurance companies. While interim compensation may be announced by the airline, final compensation for passengers will be determined under the Montreal Convention of 1999, to which India became a signatory in 2009. Compensation is calculated using Special Drawing Rights (SDRs), which stood at 128,821 SDRs (approximately USD 1.33 per SDR) as of October 2024. The actual payout will depend on the coverage purchased by Air India. Relatives of people who died in the crash will get around Rs 360 crore. 'The nationality of the passengers on board will define the minimum liability that is applicable to the operator as per Montreal Convention. Since the aircraft crashed into a residential apartment, there is 3rd party property damage liability on the operator,' said Hitesh Girotra, Vice President – Aviation & Specialty Lines, Prudent Insurance Brokers. In fact, Tata group insurance company will shell out the amount along with its foreign partner AIG of the US. Air India had renewed its mega $20 billion (Rs 171,000 crore) insurance policy with multinational AIG as the lead reinsurer on April 1. The primary insurers for the Air India policy are: Tata AIG General Insurance (lead insurer with over 40 per cent share), ICICI Lombard General Insurance, New India Assurance and other PSU general insurers. The final bill will be taken by the reinsurers. The airline had paid a premium of $30 million (Rs 257 crore), same as last year, for insuring over 300 aircraft. Aircraft damage would be covered under the aviation hull all-risk section, which insures the current valuation of the aircraft, including spares and equipment. 'For a Dreamliner, depending on its configuration, age, and other factors, this value can range between $211 million and $280 million. The aircraft involved (VT-ABN) was a 2013 model and, based on available information, was insured for approximately $115 million in 2021. Whether the damage is partial or total, the loss would be covered based on the value declared by the airline,' said Amit Agarwal, CEO and MD, Howden India. 'Understanding the age and the make of the aircraft, the hull agreed value of the aircraft would be roughly around $75-80 million which will be covered under the hull all risk part of the insurance,' Girotra said. This means Air India will get around Rs 680-980 crore as insurance amount for the lost aircraft. Almost 95 per cent of the Air India policy has been reinsured with a clutch of reinsurers led by AIG, Axa and Allianz. Public sector GIC Re also has a share in the policy including 4 per cent obligatory. The reinsurers will have to pay for 95 per cent of the claims, which will be accrued out of damaged aircraft, dead and injured passengers and third-party liabilities. Some people in the building, where the aircraft crashed, also died. There were 242 people on board. Insurance compensation for people perished in the crash will take its own time. The Boeing 787-8 Dreamliner has a list price of approximately $248.3 million. However, airlines usually secure substantial discounts, with actual sale prices typically falling between $150 million and $200 million. The liability section—likely the most significant component of the loss in the Ahmedabad incident—could amount to millions of dollars. 'This section covers the airline's legal liability to passengers and third parties, including medical expenses, cargo, and baggage losses. Early reports suggest the aircraft crashed into a civilian compound, which could result in substantial third-party claims,' Agarwal said. While interim compensation may be announced by the airline, final compensation for passengers will be determined under the Montreal Convention of 1999, to which India became a signatory in 2009. Compensation is calculated using Special Drawing Rights (SDRs), which stood at 128,821 SDRs (approximately $1.33 per SDR) as of October 2024. The actual payout will depend on the coverage purchased by Air India. 'Once coverage, ownership and financial interest in an aircraft is confirmed, the AIG Claims Promise works to provide immediate working funds of 50 per cent of AIG's share of the agreed amounts within 7 days,' AIG says in its website. On the industry impact, experts said this is a significant incident that could result in losses amounting to several hundred crores. The general aviation insurance premium market in India is estimated at around Rs 1,000 crore. 'While most large losses are reinsured, this event is expected to influence aviation insurance rates going forward,' Agarwal said.
