Renewable Power Generation Costs (RPGC) Report | Current Affairs | Vision IAS
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    Posted 25 Jul 2025

    8 min read

    Renewable Power Generation Costs (RPGC) Report

    The International Renewable Energy Agency (IRENA) released the RPGC report.

    Key Highlights:

    • In 2024, global renewable power capacity additions reached 582 gigawatts (GW).
      • Solar photovoltaics (PV) accounted for 452.1 GW (77.8%) of the total, followed by wind, with 114.3 GW.
    • Renewables are cheaper than fossil fuel-based alternatives.
      • Wind remained the cheapest source of renewable electricity.
    • Economic Gains: In 2024, renewables helped avoid USD 467 billion in fossil fuel costs.
    • Short-term risks: Geopolitical tensions, supply chain bottlenecks, and trade-related barriers.
    • Tags :
    • Renewable

    Art Forms

    Artists of Sohrai, Pattachitra and Patua art call on the President as part of Kala Utsav-2025 ‘Artists in Residence Programme’ of Rashtrapati Bhavan.

    About Arts:

    • Sohrai: Sohrai is a harvest festival of Jharkhand
      • It is celebrated by Sadan, Oraon, Munda and Santal among others.
    • Pattachitra: Pattachitra is a traditional, cloth-based scroll painting originating from Odisha. 
      • The name combines Sanskrit words "patta" (cloth) and "chitra" (picture).
    • Patua: It is a folk painting (stitched onto the scroll) that originated in West Bengal.
      • This type of art is traditionally drawn on a piece of cloth known as a pati (or patta).
    • Tags :
    • Art Works
    • Sohrai
    • Pattachitra
    • Patua

    Double Taxation Avoidance Agreement(DTAA)

    Supreme Court has held that exclusive possession is not required, even temporary or shared use qualifies as a Permanent Establishment under India-UAE DTAA.

    About DTAA

    • DTAA is an international agreement between two or more countries designed to prevent the same income from being taxed in both countries.
    • DTAA helps ensure that NRIs/Persons of Indian Origin (PIO)/Overseas Citizens of India (OCI) don't face excessive international tax burdens or cash outflows.
    • India has signed 94 DTAAs with various countries namely Albania, Armenia, Australia, Austria and others.
    • Tags :
    • DTAA

    Environmental Flow (E-flow)

    Union Jal Shakti Minister led a meeting focused on the environmental flow (e-flow) of the Ganga River and its tributaries. 

    Environmental Flow (E-Flow):

    • It refers to the quantity, timing, and quality of water flow required to sustain freshwater ecosystems and the livelihoods that depend on them.
    • Benefits: Maintains ecological integrity of rivers and their estuaries. 
    • Extensive interventions in river flow such as the construction of dams, pollution, and encroachments have severely impacted the ecological balance of rivers. 
      • To address these issues, the concept of "Environmental Flow" has been introduced.
    • Tags :
    • Environmental Flow
    • E-flow

    PM VIKAS Scheme

    Recently the 3rd Empowered Committee (EC) Meeting under the Pradhan Mantri Virasat Ka Samvardhan (PM VIKAS) scheme was convened.

    About PM VIKAS Scheme

    • Type: Central Sector Scheme.
    • Ministry: Ministry of Minority Affairs. 
    • It converges five erstwhile schemes viz. ‘Seekho Aur Kamao’, ‘Nai Manzil’, ‘Nai Roshni’, ‘USTTAD’ and ‘Hamari Dharohar’ schemes and focuses on upliftment of six notified minority communities.
    • Six notified minorities are: Muslims, Christians, Sikhs, Buddhists, Jains, and Zoroastrians (Parsis) on socio-economic fronts.
    • Tags :
    • PM VIKAS

    Maritime Development Fund

    India has proposed the Maritime Development Fund at the Maritime Financing Summit 2025 in New Delhi.

    • Maritime Development Fund (MDF): A dedicated blended finance vehicle aimed at lowering capital costs and attracting long-term investment into shipyards, coastal infrastructure and inland waterways.
    • Recent initiatives to support maritime sector: India’s ports cut turnaround time to under 1 day, India has opened 100% FDI in Shipping etc.
    • Tags :
    • Maritime Development Fund

    Bambusa tulda

    IIT Guwahati researchers have developed a Eco-Friendly Bamboo Composite for Automobiles using Bambusa tulda combined with biodegradable polymers.

    About Bambusa tulda

    • Type: Clump-forming evergreen/deciduous bamboo.
    • Growth Rate: Very fast-growing.
    • Cultivation: Found in India, Bangladesh, Myanmar, Thailand; thrives in moist lowland tropics up to 1500 m elevation.
    • Monocarpic: Flowers once in 25–40 years, then die.
    • Local names: Jati Bahn (Assam), mritinga (Tripura), spineless Indian bamboo
    • Uses
      • Edible shoots: Slightly bitter, usually pickled.
      • Medicinal value: Siliceous secretion used as aphrodisiac and tonic.
      • Other: Agarbatti sticks, lumbar, paper, handicrafts, etc
    • Tags :
    • Bamboo
    • Bambusa Tulda

    IRNSS

    ISRO is preparing launch of three next‑gen NavIC satellites to enhance sovereign positioning capability.

    About Indian Regional Navigation Satellite System (IRNSS)

    • IRNSS, also known as NavIC (Navigation with Indian Constellation)
    • It is India’s independent regional navigation satellite system.
    • Developed by:  Indian Space Research Organisation(ISRO) 
    • Aim: Designed to provide precise position data in India and up to 1500 km beyond its borders.
    • Types of Services
      • Standard Positioning Service (SPS): Open to all users.
      • Restricted Service (RS): Encrypted; only for authorized users like the military.
    • Tags :
    • NAVIC
    • IRNSS
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