International Finance Corporation (IFC):

GS Paper 2: Topics Covered: Important International institutions, agencies and fora, their structure, mandate.   Context: The Medical Education and Drugs Department (MEDD) and International Finance Corporation (IFC) have joined forces to prioritise health care projects with emphasis on Medical Education under the public-private partnership (PPP) model in Maharashtra. IFC will be the transaction advisor …

International Finance Corporation (IFC):

GS Paper 2: Topics Covered: Important International institutions, agencies and fora, their structure, mandate.   International Finance Corporation (IFC) Context: IFC stake in Federal Bank Ltd has resulted in no new coal commitment.   What’s the issue? The international body had demanded in July 2021 that India’s 7th largest commercial bank should put a stop to …

Insights into Editorial: How severe is India’s coal crisis, and what is the govt doing to address it?

  Context: India is facing a severe coal shortage. The coal stocks at its thermal power plants can supply just days of fuel. Union Power Minister has said the situation is “touch and go”, and could be “uncomfortable” for up to six months. The Prime Minister’s Office reviewed the coal stock situation in India’s thermal …

Why is there a coal crisis in India?

GS Paper 3 Topics Covered: Infrastructure- Energy.   coal crisis in India Context: India is facing a severe coal shortage.   Background: India is the second-largest importer, consumer and producer of coal, and has the world’s fifth-largest reserves. It mainly imports from Indonesia, Australia and South Africa.   How bad is the situation? The situation is …