Bcnc News

07/10/2024

17/02/2024

****India’s Request for Full Membership of IEA
Facts for Prelims (FFP)******

Context: The International Energy Agency (IEA) is set to commence discussions with India on its request for full membership, recognizing India’s strategic importance in addressing global energy and climate challenges.

India’s growing economy, population, and energy usage underline its pivotal role in energy security and climate action. IEA ministers from 31 member countries made this announcement during the 2024 Ministerial Meeting in Paris (IEA’s 50th Anniversary event)

India joined the IEA as an associate member in 2017 and applied for full membership in 2023. Criteria for IEA membership include

****OECD membership*****
Crude oil reserves are equivalent to 90 days of the previous year’s net import (India currently has strategic oil reserves equivalent to only 9.5 days of its needs, but when combined with storage at refineries and depots, it reaches a total of 66 days, still below the IEA requirement.)
Demand restraint programs (to reduce national oil consumption by up to 10%), and Legislative measures (to ensure that all oil companies under its jurisdiction report information upon request).

India meets some criteria but not all. However, its strategic importance in energy and climate makes it significant for global cooperation. The IEA Governing Board makes the final decision on a country’s membership.



****About IEA****

IEA (HQ: Paris; Founded in 1974) is an autonomous intergovernmental organisation to ensure the security of oil supplies. Membership: 31 countries. World Energy Outlook is Published every year and provides critical analysis and insights on trends in energy demand and supply.

24/04/2023

#पंचायतीराज_दिवस अप्रैल पंचायती राज दिवस ।। UPPCS RO ARO BEO EXAM 2023

09/03/2023

UPPCS TEST SERIES -2023
SCHEDULE FOR FIRST BATCH
छात्र छात्राएं जोकि UPPCS की तैयारी कर रही हैं वे इस सूचना को जरूर देखें
चैनल को सब्सक्राइब करें शेयर करें और कमेन्ट करें

UPPCS TEST SERIES -2023 SCHEDULE (BATCH-1) || START DATE / TOTAL TEST /DISCUSSION NEWS|| D.P. SINGH ...

10/08/2022

https://youtu.be/W3ay2-VneCI

ैदिक काल ।। VAEDIK PERIOD।।RO ARO BEO EXAMUPPSC RO/ARO 2022 Preparation Strategy Notification, Exam Date,...

29/07/2022

https://youtu.be/EPZ_ZU0G1IU

12/12/2021

बिहार में भले सामाजिक न्याय की सरकार हो लेकिन सामंती विचार के लोगों का मनोबल अभी भी ऊंचा है. ख़ासकर अभी राज्य के कई .....

09/12/2021

05/12/2021

फाफामऊ गोहरी रेप हत्याकांड में
हो रहे निज नए खुलाशे
पुलिस की भूमिका संदिग्ध
लीपा पोती में पुलिस