Current News

Renati Cholas Era Inscription Unearthed In Andhra Pradesh

  • A rare inscription ofthe RenatiChola era engraved on a dolomite slab and shale has been unearthed in a remote village of Kadapa district of Andhra Pradesh.
  • The inscription was written in archaic Telugu which was readable in 25 lines -- the first side with eleven lines and the remaining on the other side. It was assigned to the 8th Century A.D., when the region was under the rule of Chola Maharaja of Renadu.

Deciphering the Inscription

  • The inscription seems to throw light on the record of a gift of six Marttus (a measuring unit) of land gifted to a person Sidyamayu, one of the Brahmins serving the temple at Pidukula village.
  • The last lines are indicative of the priority given to morality in those days.“It says the people who safeguards this inscription for future generations will acquire the status of conducting AswamedhaYaga and those destroying it will incur sin equivalent to causing a death in Varanasi”.

Renati Cholas

  • The Telugu Cholas of Renadu (also called as Renati Cholas) ruled over Renadu region, the present day Cuddapah district.
  • They were originally independent, later forced to the suzerainty of the Eastern Chalukyas. They had the unique honour of using the Telugu language in their inscriptions belonging to the 6th and 8th centuries.
  • The earliest of this family was Nandivarman (500 AD).

Current News Indian Economy

Farm Suicides Drop A Little In 2019; Maharashtra Leads Chart

  • The number of suicides by those engaged in the farm sector witnessed a marginal decline in 2019 as compared to 2018, with their share in the country’s 1.39 lakh suicides too falling to 7.4% from 7.7% during the corresponding period as per the report on ‘Accidental Deaths & Suicides in India’ (ADSI) for the year 2019 released by National Crime Records Bureau (NCRB).
  • Maharashtra accounted for the highest share (38.2%) in suicides related to the farm sector in 2019, followed by Karnataka (19.4%), Andhra Pradesh (10%), Madhya Pradesh (5.3%) and Telangana/Chhattisgarh (4.9% each).
  • Interestingly, West Bengal, Bihar, Odisha, Uttarakhand, Manipur, Chandigarh, Daman & Diu, Delhi, Lakshadweep and Puducherry reported ‘zero’ suicides by farmers, cultivators and agricultural labourers in 2019.

Other Findings

  • Overall, the total suicides in the country rose 3.4% from 1.34 lakh in 2018 to 1.39 lakh last year.
  • Rate of suicides too (suicides per lakh of population) too went up from 10.2 to 10.4 in the corresponding period.
  • Family problems, marriage-related issues and illness together accounted for around 55% of the total suicides in the country.
  • While 70.2% of the suicide victims were male, 29.8% were women.

News Crux Obituary

India’s First Female Cardiologist Passed Away

  • Dr S Padmavati, the first female cardiologist of the India, popularly known as 'God Mother of Cardiology' passed away on August 29 due to COVID-19 infection.
  • She was born in Burma (now Myanmar) in 1917, a year before the world was hit by the Spanish Flu pandemic. She had migrated to India in 1942 during the World War II.
  • In 1962, Dr Padmavati founded the All India Heart Foundation and went on to set up National Heart Institute in 1981 as a tertiary care modern heart hospital in Delhi.
  • For her achievements and contributions to development of cardiology in India, she was awarded Padma Bhushan in 1967 and Padma Vibhushan in 1992 by the Government of India.

PIB News National

Green Term Ahead Market (GTAM) In Electricity

  • On 1st September the Ministry of New & Renewable Energy launched pan-India Green Term Ahead Market (GTAM) in electricity.
  • It will accelerate renewable penetration pan-India also compliment Government of India’s target of 175 GW RE Capacity by 2022.

Benefits of this Initiative

  • The introduction of GTAM platform would lessen the burden on RE-rich States and incentivize them to develop RE capacity beyond their own Renewable Purchase Obligations (RPO).
  • This would promote RE merchant capacity addition and help in achieving RE capacity addition targets of the country.
  • GTAM platform will lead to increase in number of participants in renewable energy
  • It will benefit buyers of RE through competitive prices and transparent and flexible procurement. It will also benefit RE sellers by providing access to pan- India market.

Mechanism of GTAM

  • Transactions through GTAM will be bilateral in nature with clear identification of corresponding buyers and sellers, there will not be any difficulty in accounting for RPO.
  • GTAM contracts will be segregated into Solar RPO & Non-Solar RPO as RPO targets are also segregated.
  • Further, within the two segments GTAM contracts will have Green Intraday, Day Ahead Contingency, Daily and Weekly Contracts
  • Green Intraday Contract & Day Ahead Contingency Contract – Bidding will take place on a 15-minute time-block wise MW basis.
  • Daily & Weekly Contracts – Bidding will take place on MWh basis. Both buyers and sellers can submit the bid, however the seller will provide profile in terms of 15-minute time block wise quantity (MW) along with the price (Rs/MWh). After the contract gets executed scheduling will take place as per the profile. In case of multiple buyers, the profile will get allocated on a pro-rata basis.
  • Price discovery will take place on a continuous basis i.e. price time priority basis. Subsequently, looking at the market conditions open auction can be introduced for daily & weekly contracts.
  • Energy scheduled through GTAM contract shall be considered as deemed RPO compliance of the buyer.