junior science refresher Published this article page no 51 KEY CONCEPTS AND INFORMATION FOR ENERGY SECTOR DistrictLevel Power Committees Districtlevel committees (DLCs) will be set up by Ministry of Power (MoP) that will oversee all powerrelated schemes of the union government. o Committee will comprise members of Parliament (MP) in district as Chairperson other MPs in the district as Cochairpersons district collector as Member Secretary among others. o All the StatesUTs have to notify and ensure establishment of District Electricity Committees under intimation to MoP. It is done to ensure the involvement and oversight of the people in the process of power sector reforms and their implementation in the country. Marketbased economic dispatch (MBED) To create a winwin for both the distribution companies and the generators with economic savings for consumers the Ministry of power has circulated a discussion Paper on Market Based Economic Dispatch (MBED). MBED is electricity market operations reform and a step towards a One Nation One Grid One Frequency One Price framework. MBED model would function on a dayahead time horizon and schedule and dispatch all generation purely on economic principles subject to technical constraints. SUSTAINABLE BUSINESS PRACTICES Recently the Federation of Indian Chambers of Commerce and Industry (FICCI) organized an event on the role of Business Responsibility and Sustainability Report (BRSR) in driving climate actions in India at the CoP26 (Glasgow). About Business Responsibility and Sustainability Reporting Increased global push from investors has lead to mandating companies to report their sustainability performance globally from regulators. BRSR is Indian version of Sustainability performance or ESG disclosures introduced by SEBI in May 2021 to push for disclosures on nonfinancial parameters from listed companies along with mandatory financial disclosures. What is BRSR and its principles? BRSR includes essential (mandatory) and leadership (voluntary) disclosures related to Environment Social and Governance (ESG) under the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. o Presently it is reported voluntarily by few companies. It is segregated into three sections General disclosures Management disclosures and Principlewise performance disclosures with nine principles to measure the impact of companies on economy environment and people using some key performance indicators. Major Global standards on Reporting of Sustainability junior science refresher buy.
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