14 August 2018: UPSC Exam PIB Summary & Analysis

Read the daily PIB update and stay up-to-date on current affairs for the UPSC exam

Pitch to MOVE

Context

  • NITI Aayog has launched “Pitch to MOVE” – a mobility pitch competition that aims to provide budding entrepreneurs of India a unique opportunity to pitch their business ideas to a distinguished jury

 

Details

  • “Pitch to MOVE aims to identify and incentivise the startups, which will help the Government realize its vision of Shared, Connected, Intermodal and Environment Friendly Mobility for India.
  • The objective is to harness the latest disruption for generating employment and growth in our country.
  • Startups working in the various fields of mobility can pitch their ideas to industry leaders and Venture Capitalists for raising investments.
  • “Pitch to MOVE” is organised by NITI Aayog in collaboration with Invest India and Society of Indian Automobile Manufacturers (SIAM)

 

Mobility Pitch Competition

  • The Mobility Pitch Competition is open to primarily startups from various parts of India who are interested in showcasing their business ideas to jury members.
  • The competition aims to identify and reward the start-ups offering innovative solutions for shared, connected, and environment friendly mobility. The Startups can be from the domain of Public Mobility, Electric Vehicles, Shared Transport, Last Mile Connectivity, Passenger Transportation, Battery Technology, Automotive IoT, Freight & Logistics, Powertrain/Drivetrain, Experiential, Travel, Mobility Infrastructure and Automotive Electronics etc.

 

Significance

  • Potential driver of innovation, job creation, economic growth and social change

 

Appellate Tribunal for Electricity (APTEL)

  • It is a statutory body constituted for the purpose of hearing cases against the orders of the Regulatory Commissions and the Adjudicating officer.
  • By virtue of Section 110 of The Electricity Act, 2003 an Appellate Tribunal for Electricity having jurisdiction throughout India has been set up to hear appeals or original petitions against the orders of the Adjudicating officer
  • The Tribunal is conferred with original jurisdiction to hear petitions under Section 121 of the Act and issue directions to all Commissions for the performance of its statutory functions.
  • This Tribunal has been established by the Ministry of Power
  • The Appellate Tribunal shall consist of a Chairperson and three other Members. Every Bench constituted by the Chairperson shall consist of at least one Judicial Member and one Technical Member

 

The Electricity Act of 2003

  • It seeks to consolidate the laws relating to generation, transmission, distribution, trading and use of electricity and generally for taking measures conducive to development of electricity industry, promoting competition therein, protecting interest of consumers and supply of electricity to all areas, rationalization of electricity tariff ensuring transparent policies regarding subsidies, promotion of efficient and environmentally benign policies, constitution of Central Electricity Authority, Regulatory Commissions and establishment of Appellate Tribunal and for matters connected therewith or incidental thereto.
  • The act applies throughout Union Territories of India except Jammu & Kashmir.

 

Context

  • Justice Manjula Chellur took Oath as Chairperson, Appellate Tribunal for Electricity, Ministry of Power

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