07-08.03.23 Daily [Madhya Pradesh] MPPSC Current Affairs

Indias leading TReDS Platform M1xchange plans to strengthen more than 47 lakhs of MSMEs in Maharashtra through Trade Receivable Discounting System (TReDS) primarily focusing on automobile, <a href="https://exam.pscnotes.com/Agriculture-notes-for-state-psc-exams”>Agriculture and textile and chemical sectors.

The platform intends to offer early liquidity within 24 hours through its online bidding platform to Micro, Small and Medium enterprises at a competitive rate in the state and offers a digital customer experience to MSMEs supported by a convenient and end-to-end digital process. This is a highly effective and efficient solution for the credit gap for MSMEs in India

The RBI-approved TReDS platform M1xchange has signed MOU with multiple state governments. The support from the Govt. helps MSMEs operating in these regions to get easy access to WORKING CAPITAL through M1xchange TReDS.M1xchange has also signed MOU with the Ministry of MSME for Udyam portal, MSMEs will benefit from a two-way exchange of information between Udyam portal and M1xchange. All Udyam registered MSMEs will be able to onboard on M1xchange with an easy convenient process enabling them to leverage the full force of TReDS and access liquidity at the lowest possible cost in the country.

Indian Railways has set a target of becoming a net-zero carbon emitter by 2030, said Union Railways Minister Ashwini Vaishnaw in a written reply to the Lok Sabha. The Railways plans to achieve this ambitious target in two steps: A complete transition to electric trains by December 2023 and powering the trains and stations primarily through non-renewable sources by 2030.

For this, the Railways will need to create a installed capacity of 30,000 MW as solar and Wind Energy is not available round the clock and the generation varies region to region. Till August 2022, the installed renewable energy capacity of the Indian Railways was only 245 MW.

Prime MinisterNarendra Modi hailed the government’s approval tonano liquid DAPfertiliser, saying it was an important step towards making life easier for farmers.

Union Chemicalsand Fertilisers MinisterMansukh Mandaviyaon Saturday said the government has approved the launch of nano liquid DAP (di-ammonium phosphate) fertiliser for the benefits of farmers and making the country self-reliant.

Maharashtra, the state with the highest electricity demand in India, lags behind several others when it comes to energy transition to renewable sources. This is mainly due to slow uptake in the state and its inability to shut down older, polluting coal power Plants, said a report on Monday. It should nevertheless be considered that though Maharashtra lags on the transition parameter in Percentage terms, because of its greater net power generation, it has a higher reference point for a comparison with other states.

The report analysed sixteen Indian states, which together account for 90% of the country’s annual power requirement, across four dimensions.

According to the study, Rajasthan and Maharashtra showed low participation in green markets. It said that Odisha, Chhattisgarh, Rajasthan, and Maharashtra have a huge potential to become renewable energy export hubs by utilising their untapped clean energy potential. These states have made limited efforts to participate in green market mechanisms likeGDAM(green day ahead market)