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Addapedia Editorial: Daily News Editorial PDF, 01 October 2024

Addapedia Editorial: Daily News Editorial PDF, 01 October 2024: Hello Aspirants ADDA 247 is back with Editorial Analysis in English. your daily source for in-depth news coverage and insightful editorial analysis. In this section, we comprehensively examine the latest national and international events, current affairs, and the historical context behind today’s most pressing topics. Our goal is to provide you with a well-rounded perspective on the news, helping you understand not just the headlines, but the intricate details and background that shape our world.  This ADDAPEDIA Editorial Analysis will help you understand the National and International events Current affairs and the background of a particular topic. This comprehensive News analysis will help you in Clearing CA and Interview for many exams.

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Having private participation in India’s nuclear energy

Context: Government announced expansion of the nuclear energy sector in July 2024 budget and proposed partnerships with private sector for research and development of small reactors

  • Aimed at achieving 500 Gigawatts of non-fossil fuel-based energy generation by 2030

What are the merits of having private partnerships in expansion of nuclear energy sector?

  • Private partnerships could attract significant capital (estimated $26 billion) to the sector,
  • Private sector involvement could potentially speed up project timelines, helping India meet its ambitious clean energy goals more quickly.
  • Private participation might improve operational efficiency and potentially reduce costs in the long run.
  • Partnerships could lead to knowledge transfer and skill development in the nuclear energy sector, creating a more robust workforce
  • Collaboration between public and private entities could boost R&D efforts, potentially leading to breakthroughs in nuclear technology.
  • Private sector involvement might help India become more competitive in the global nuclear energy market.

What are the key legal and regulatory challenges facing private participation in India’s nuclear sector?

  • Atomic Energy Act (AEA) 1962 restricts nuclear energy production to the central government
    • Supreme Court also dismissed a petition that had challenged restrictions on private involvement in nuclear energy production
  • Pending litigation on Civil Liability for Nuclear Damage Act (CLNDA) 2010 constitutionality creating uncertainty
  • Atomic Energy (Radiation Protection) Rules, 2004, grants Atomic Energy Regulatory Board (AERB) authority over radioactive technology. But concerns about its lack of independence persist
  • Nuclear Safety Regulatory Authority Bill 2011 aimed to address AERB issues but was not enacted
  • Significantly higher standards of liability with nuclear infrastructure.

What potential solutions are proposed for enabling private sector participation?

  • Public-private partnerships with 51% government ownership to align with existing laws
    • Such entities with a majority government stake would also be covered under Section 2(h) of the Right to Information Act (RTI) Act, ensuring transparency
  • Reforms to AERB’s structure and functions
  • Programs by NPCIL and DAE to encourage private participation while maintaining oversight

Can you answer the following question?

Critically examine the challenges and opportunities in expanding India’s nuclear energy sector through private participation.

India’s ‘silver dividend’, challenge to opportunity

Context: India’s aging population and the challenges and opportunities it presents.

What are the key challenges facing India’s elderly population?

  • Rising health-care consumption, estimated at $7 billion
  • Three-quarters of the elderly have at least one chronic ailment
  • A quarter have limitations in daily living
  • A third display depressive symptoms and low life satisfaction
  • Economic insecurities compound health issues

What reforms are suggested to address the needs of the elderly?

  • Multi-sectoral approach involving health, social, economic/financial, and digital domains
  • Improving health literacy among the elderly and caregivers
  • Expanding tele-consultation services and enhancing skilled workforce for elderly care
  • Establishing peer support groups and sensitizing the community about elderly needs
  • Introducing innovative financial schemes and insurance products for the elderly
  • Promoting digital adaptation among the elderly

How can the growing elderly population be viewed as an economic opportunity?

  • The “silver economy” is estimated at ₹73,082 crore and expected to grow
  • Elderly will constitute a major consumer segment, often characterized as wealthy
  • Health-care consumption is about a third of their entire consumption
  • Potential for innovation in health technology and utility infrastructure for age-related limitations
  • Government initiatives like SACRED portal and SAGE program to support elderly employment and care products

Can you answer the following question?

Discuss the challenges and opportunities presented by India’s growing elderly population.

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