Today India is a world leader in LED consumption and we're selling 600,000 LED bulbs a day, union minister of state for power, coal, RE and mines Piyush Goyal said on Wednesday at the Raisina Dialogue 2017 in New Delhi.
In a span of just two years and which is also a record of sorts, India is presently selling six lakh LED bulbs every day and has crossed yet another benchmark of distributing over 20 crore LED bulbs under its flagship UJALA scheme. This assumes significance given the savings of Rs 10,000 crore that will accrue annually in electricity bills of the consumers.
State to derive an Overall Net Benefit of approximately Rs. 11,000 crores through UDAY. The State would have savings of about Rs.950 cr. in annual interest cost through reduction of debt and through reduced interest rates on the balance debt.
In a significant move and following months of persuasion by the Centre, Tamil Nadu came on board the power ministry’s flagship scheme UDAY. By signing the MOU under UDAY, the State Government is taking over 75% of debt of Rs. 30,420 crores of TANGEDCO. The scheme also provides for the balance debt to be re-priced or issued as State guaranteed Discom bonds, at coupon rates around 3-4% less than the average existing interest rate.
Tamil Nadu's joining the scheme will make the UDAY club grow to 21. States of Assam and Telangana have signed MoUs early this week, a move that will see an overall net benefit of approximately Rs 6116 crores accruing to Telangana and Rs 1663 crores to Assam.
Power ministry’s flagship scheme, the Ujwal DISCOM Assurance Yojana (UDAY) will have soon have an important state-Tamil Nadu on board, likely by next week. With Discom losses of Rs 50,000 crore, Tamil Nadu’s joining will see over 90% of total DISCOM debts getting covered under the UDAY scheme.
From providing passenger services to announcing new trains, construction of new rail lines besides digitisation and tariff reforms on the freight side
Customers will get the discounted amount displayed on their screens – i.e. net amount i.e refill RSP minus (-) incentive amount of Rs.5/- which they need to pay for their refill transactions. The net discounted amount will also be shown on the cash memo accompanying the home-delivery of the LPG cylinder.
Oil Marketing Companies, viz IndianOil, BPCL & HPCL are now offering an upfront discount of Rs 5/- on every LPG refill to all LPG customers who will book and pay for their LPG cylinders online. Customers can make payment through existing online modes i.e net banking, credit & debit cards at the time of web-booking their refills.
India’s RE sector is clearly the focus of investors. Impressive growth estimates being predicted by experts. Mercom and Bridge to India Forecasts 8-9 GW of Solar Installations in India for 2017. For 2016, Solar Installations to Come in at around 4 GW
India’s renewable energy sector especially solar and wind projects have clearly emerged as the two fronts drawing maximum investments with an intact and impressive growth story being predicted by exper
The App and the web portal, to be launched by Goyal on
Wednesday (January 4, 2017), will provide all details on the scheme
including the number of states joining the scheme as also the progress
achieved by each state under various parameters listed under the
scheme—-including AT&C losses, cost of electricity, bonds issued and
Minister of State (Independent Charge) for Power, Coal & New and Renewable Energy and Mines, Piyush Goyal will launch the web portal and a Mobile App for one of India’s most talked about scheme
The volatility in oil prices can be witnessed from the fact that from levels of $26 a bbl in February, crude oil prices touched the highs of $55 in December, up 15% since OPEC decision on production cut.
After being insulated from an increase in the domestic fuel prices, the ongoing upsurge in global crude oil prices could spoil the party for Indian consumers of petrol and diesel. India imports 80% of its crude oil requirements and any upward movement in oil prices casts an impact on domestic prices of petrol and diesel.
Reliance Industries Limited (RIL) has announce commissioning of the first phase of Para-xylene (PX) plant at Jamnagar, Gujarat.
As a signatory to Brasilia Declaration, India is committed to reducing the number of road accidents and fatalities by 50 % by 2020. Although efforts in this direction had started earlier, the year 2016 saw the Ministry taking major steps towards fulfilling this commitment.
The year 2016 has been a significant one for the Ministry of Road Transport and Highways, when road safety emerged as the central theme of almost its entire range of activities. While the Ministry pushed ahead to expand the National Highways network in the country, it was not enough to just build highways!