India's Recent Innovations and Developments

Study Notes

Ola Electric launched India's first fully autonomous, AI-enabled electric scooter, named 'Ola Solo'

India's coal production reached 997.4 million tonnes in FY24, marking an 11.67% increase from FY23
Cumulative production of coal and lignite surpassed 1.04 billion tonnes
This is the first time India's total coal and lignite output has crossed 1 billion tonnes
In FY23, the output was 937 million tonnes

Tata AIA Life Insurance Co. introduced premium payment solutions on WhatsApp
Policyholders can now pay premiums up to Rs 1 crore, instead of the earlier limit of Rs 2 lakh

The new facility named Padur-II, with an underground storage capacity of 2.5 million tonnes of crude oil, is located in Padur, Karnataka
Developed under a public-private partnership model
Objective: To provide insurance against supply disruptions by increasing the country's strategic petroleum reserves.

To be launched by 2029-30
The private operator can trade all of the stored oil, mirroring models adopted by Japan and South Korea
Two new SPRs are planned at Padur, Karnataka, and in Odisha

Bilquis Mir is the first person and woman from India to serve as a jury member at the Paris Olympics
She is a canoeist from Jammu and Kashmir
A jury member of the Indian Kayaking and Canoeing association

Adani Green Energy Ltd (AGEL) achieved a milestone by commissioning 2,000 MW of solar capacity at the Khavda solar park in Gujarat.
This brought their total renewable energy capacity to over 10,000 MW

2024 marks the 250th anniversary of the launch of the world’s first postage stamp, ‘Copper Ticket’, introduced in 1774 from Patna
Initially launched as a charge for delivering posts up to a distance of 160 miles

World Athletics (WA) will award prize money to gold medalists in athletics events at the Paris Olympics
Each gold medalist in the 48 track and field events will receive USD 50,000 (Rs 41.60 lakh)
USD 2.4 million, allocated from the International Olympic Committee’s revenue share for World Athletics
Relay gold medalists to share their prize money among the team.
World Athletics plans to extend this initiative by awarding prize money to all medal winners at the 2028 Los Angeles Olympics
Established in 1912, World Athletics is headquartered in Monaco