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Smart City Mission 2.0 likely in 2020
After first Smart Cities Mission for 100 cities, the government will expand the Smart Cities Mission to all 4,000 cities in the country. The ministry of housing and urban affairs (MoHUA), the nodal department for Smart City Mission, is set to roll out smart city 2.0 mission in 2020. The central government’s second version of the smart city initiative will be rolled out across the country, said a government official.
The ministry of housing and urban affairs (MoHUA) is also looking at alternative funding mechanisms such as pool finance, fund of fund approach, bonds, fiscal money, monetisation of unused land and tapping foreign capital.
The mission has started rating the existing projects under five parameters - planning, technology, governance, services and finance, along with climate sensitive action and ease of living sensitive action. So far, about 10% of the planned projects have been completed in the past three years.
National Lab Directory launched by BIS – A major breakthrough for industry in the field of testing & measurement
Consumer Affairs Minister launched an online directory, which provides information about Indian standards of various products and testing infrastructure in the country for the benefit of various stakeholders such as start-ups.
There are estimated 10,000 labs across the country. Currently, about 4,500 labs owned by public and private academic institutions are listed on the online directory.
The link for the National Laboratoy Directory is www.labdirectory.bis.gov.in
Ministry of Power issued five Year power vision document
The Ministry of Power (MoP) has issued a vision document which charts the way forward for India’s power sector. The document points out the problem areas and sets the timeline for every aspect of power generation, evacuation, and distribution.
The document, called “Vision 2024”, aims at developing a sustainable, viable, efficient, and competitive power sector to facilitate economic and social development. The report points out that the generation capacity in India has increased drastically in the past decade, but the sector is beset with falling plant load factor (PLF) and stressed assets.
Transmission is a huge problem for Indian renewable energy project developers. In many cases, renewable energy projects are ready to evacuate, but the evacuation infrastructure is not ready. In some other cases, due to the lack of proper transmission infrastructure, renewable energy has to be curtailed.
New industrial policy to be announced soon
The government will soon announce a new industrial policy aimed at promoting growth of industries and creation of jobs.
Addressing the joint sitting of both Houses of Parliament, the President said work is underway in full earnest to transform India into a global manufacturing hub. "Keeping in view Industry 4.0, a new industrial policy will be announced shortly.
The new policy will replace the industrial policy of 1991 which was prepared in the backdrop of balance of payment crisis. This will be the third industrial policy after the ones released in 1956 and 1991.
The proposed policy aims at promoting emerging sectors and modernising existing industries. It will also look to reduce regulatory hurdles and encourage adoption of frontier technologies such as robotics and artificial intelligence.