IPO: An initial public offering (IPO) refers to the process of offering shares of a private corporation to the public in a new stock issuance. An IPO allows a company to raise capital from public investors. The transition from a private to a public company can be an important time for private investors to fully realize gains from their investment as it typically includes a share premium for current private investors. Meanwhile, it also allows public investors to participate in the offering.
PM KUSUM: Prime Minister’s Kisan Urja Suraksha Evam Utthan Mahabhiyan (PM-KUSUM) scheme, was launched by the Ministry of New and Renewable Energy (MNRE) to support installation of off-grid solar pumps in rural areas and reduce dependence on grid, in grid-connected areas. PM-KUSUM consists of three components and aims to add a solar capacity of 30.8 GW by 2022:
Component-A: 10,000 MW of decentralised ground-mounted grid-connected renewable power plants.
Component-B: Installation of two million standalone solar-powered agriculture pumps.
Component-C: Solarisation of 1.5 million grid-connected solar-powered agriculture pumps.
LiDAR: It is a remote sensing method that uses light in the form of a pulsed laser to measure ranges & variable distances. These light pulses—combined with other data recorded by the airborne system— generate precise, three-dimensional information about the shape of the Earth and its surface characteristics. LiDAR follows a simple principle — throw laser light at an object on the earth surface and calculate the time it takes to return to the LiDAR source.
JAM trinity: JAM stands for Jan Dhan Yojana, Aadhaar and Mobile number. The government intends to use these three modes of identification to implement one of the biggest reforms in independent India – direct subsidy transfers to the poor. With Aadhaar helping in direct biometric identification of disadvantaged citizens and Jan Dhan bank accounts and mobile phones allowing direct transfers of funds into their accounts, it may be possible to cut out all the intermediaries.
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