IEA recently released the 2021 edition of its flagship World Energy Outlook

Power Finance Corporation Ltd (PFC) has recently become the 11^th Central public sector enterprise (CPSE) to get the ‘Maharatna’ status in the country.

• This is expected to give PFC greater operational and financial autonomy.
• The grant of ‘Maharatna’ status will impart enhanced powers to the PFC Board while taking financial decisions.

Global Minimum Tax Rate, a global deal to ensure big companies pay a minimum tax rate of 15 per cent and make it harder for them to avoid taxation has been agreed by 136 countries recently (including India).

The Global Multidimensional Poverty Index 2021 was released recently. This index presents the incidence and intensity of multidimensional poverty among castes and tribes and among individuals who are not members of any caste or tribe.

• In India five out of six multi-dimensionally poor people are from lower tribes or castes.

Recently, the Ministry of Power released Framework for Implementation of Market Based Economic Despatch (MBED) Phase 1 to reduce consumers’ power purchase costs by 5%.