Prelims – 20th Oct 23

UTPRERAK

• The Unnat Takniki Pradarshan Kendra (UTPRERAK) is the Centre of Excellence to Accelerate Adoption of Energy Efficient Technologies and seeks to play a catalytic role in improving the energy efficiency of the Indian industry.
• It is also named as Advanced Industrial Technology Demonstration Centre (AITDC)
• It has been set up by the Bureau of Energy Efficiency (BEE), Ministry of Power.
• The Centre is mandated to become the key reference and resource institution on industrial energy-efficient technologies.
• It will demonstrate and showcase energy-efficient technologies in key industry sectors.
• It will act as an exhibition cum information centre and knowledge repository.

Bureau of Energy efficiency

• It is a statutory body under the Union Ministry of Power.
• It was set up under the provisions of the Energy Conservation Act of 2001.
• Mission: Develop policy and strategies with a thrust on self-regulation and market principles within the overall framework of the Energy Conservation Act (EC Act), 2001.
• Primary Objective: To reduce energy intensity in the Indian economy.

World Competitiveness Index

• The IMD World Competitiveness Yearbook (WCY), was first published in 1989.
• It is a comprehensive annual report and worldwide reference point on the competitiveness of countries.
• It analyses and ranks countries according to how they manage their competencies to achieve long-term value creation.
• It is based on 336 competitiveness criteria and four factors, namely Economic performance, Government efficiency, Business efficiency, and Infrastructure.
• World Competitiveness Index:
• The IMD World Competitiveness Yearbook (WCY), was first published in 1989.
• It is a comprehensive annual report and worldwide reference point on the competitiveness of countries.
• It analyses and ranks countries according to how they manage their competencies to achieve long-term value creation.
• It is based on 336 competitiveness criteria and four factors, namely Economic performance, Government efficiency, Business efficiency, and Infrastructure.