FREE ELECTRICITY
India-UK FTA: Dynamics set to change after Starmer-led Labour Party's election victory?
India-UK FTA: Keir Starmer's Labour Party is poised to end the 14-year Conservative Party rule in the UK, with Starmer set to become the next Prime Minister. The change in government is expected to have minimal impact on India-UK relations, particularly concerning the Free Trade Agreement (FTA). Starmer's manifesto pledges to pursue a "new strategic partnership" with India, focusing on finalizing the FTA, marking a departure from previous Labour Party stances. Despite the anticipated shift, the specific timelines for concluding the FTA remain uncertain.
India's EV plans to get a policy boost as govt may fast-track 3 big-ticket schemes
The Indian government plans to fast-track three major electric vehicle schemes in its first hundred days, including incentives for local battery production and electric bus procurement under FAME 3. Aimed at boosting clean mobility, these initiatives aim to propel India towards net-zero goals amid rising global demand for EVs.
Renewables produce almost 60% of Spain's electricity
Spain significantly increased its renewable energy generation in the first half of 2024, with renewables contributing 60 per cent of its electricity, up from 51 per cent a year earlier, driven by new solar capacity and increased output from hydropower plants, according to data from grid operator Redeia, with wind farms generating 24.4 per cent of the total, solar plants 16. per cent, and hydropower dams 15.9 per cent, aligning with Spain's goal to reach 80 per cent renewable electricity by 2030.
Want continuity of policy supporting EVs for next 8-10 yrs: Mercedes-Benz India MD & CEO
Mercedes-Benz India's CEO Santosh Iyer emphasized the need for long-term policy continuity supporting electric mobility for 8-10 years to plan better for zero-emission vehicles. He highlighted the company's increased EV penetration and upcoming launches, urging clarity on GST benefits and infrastructure investments in the Union Budget for sustained growth and commitment to emissions-free mobility.
£315,000 Ferrari supercars growl a warning for EVs
Since going public in 2015, the Italian company has expanded both the volume and variety of cars it sells, while preserving exclusivity by raising prices, restricting who can order vehicles and resulting in long waiting lists. Around three-quarters of its cars are purchased by existing clients, while almost half the company’s vehicle sales are hybrids.
Maharashtra budget 2024 key highlights: Free cylinders & farmer friendly measures
Maharashtra budget 2024: Maharashtra Deputy Chief Minister Ajit Pawar presented the state budget during the ongoing monsoon session from June 27 to July 12. Key highlights include the provision of three free cylinders annually to all households under the CM Anna Chhatra Yojana, a Rs 5,000 per hectare bonus for cotton and soybean farmers, and a Rs 5 per litre bonus to milk-producing farmers after July 1, 2024.
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US automobile industry threatened by prospects of Chinese EVs entering the country through the Mexican border
The US automobile industry has been threatened by the prospects of low-cost Chinese Electric Vehicles (EVs) reaching the country through the Mexican border. The US-Mexico-Canada trade agreement provides for free movement of goods and services between the three countries. The average price of an EV manufactured in the US has been priced at $55,000 and the Chinese EVs are priced at half this rate.
A big boost for a climate solution: electricity made from the heat of the Earth
Southern California Edison and Fervo Energy mark a significant advance with the largest geothermal power development in the US, showcasing the increasing demand for clean electricity and the commitment to zero-carbon energy in California.
EU electric car sales drop in May as German demand slumps, industry says
Sales of new battery-electric cars in the EU dropped 12% in May, led by a 30% plunge in Germany. The EU imposed provisional duties on China-made EVs, affecting Tesla's Model 3 price. Elon Musk's company recorded a 34.2% drop in May sales.
Jharkhand govt contemplates to waive farm loan up to Rs 2 lakh: CM Champai Soren
"We waived Rs 40,000 farmers' loan in the past and are planning to increase it to Rs 2 lakh. Similarly, the current base of 125 unit free electricity will be increased to 200 units," Soren said while addressing a meeting at Gandhi Maidan in Jamshedpur to inaugurate and lay foundation of development projects.
Electricity in Punjab to cost more as PSERC hikes power tariff by 10-15 paise per unit
The Punjab State Electricity Regulatory Commission (PSERC) on Friday announced a new tariff order which will be effective from June 16 till March 31, 2025.
7 Electric Drill Machines for home and professional use
Here is a list of 8 high-quality electric drill machines suitable for both home and professional use. Each drill provides power, durability, ease of use and versatility. With a range of options from lightweight models to powerful, heavy-duty drills, you can find the perfect tool to enhance your efficiency and precision in any drilling job.
Troubled with frequent power cut? Get compensation from electricity distributor if it happens due to this reason, know how
Power cut: Electricity discom have to provide compensation to you if they have resorted to wilful load shedding. This compensation will be adjusted through your electricity bill. However for other deficiencies of service (if any) you will have to lodge a complaint. Read here to know how much compensation you can get in Maharashtra, Rajasthan, Delhi and Karnataka.
Free Aadhaar update: Only 4 days left to update your Aadhaar details for free; how to update Aadhaar details online
How to update Aadhaar details online: Any updates beyond this date will incur a cost. So, Aadhaar holders should make sure to update the details before the deadline and take advantage of the offer.
Best bathroom freshener for long-lasting and pleasant scents
Explore the best bathroom fresheners designed for long-lasting, pleasant scents that elevate your space's ambience. The comprehensive guide features top-rated products, including natural and eco-friendly options, powerful sprays, and innovative solutions. Each freshener is selected for its effectiveness in eliminating odours and providing a continuous, inviting fragrance. Discover the best bathroom freshener to keep your space fresh and delightful all day.
How electric car batteries might aid the grid (and win over drivers)
New technology could transform expensive electric car batteries into assets for owners, offering benefits like reduced utility bills and free parking. Automakers like Ford, GM, and BMW are exploring using electric car batteries to store excess renewable energy, creating a potential new revenue stream.
Best mosquito lamps for effective pest control
Combat pesky mosquitoes effortlessly with the best mosquito lamps. These innovative devices utilise advanced technology to attract and eliminate insects effectively. Enjoy uninterrupted outdoor gatherings and peaceful nights indoors without buzzing pests. Choose from various models designed for indoor and outdoor use, ensuring a mosquito-free environment wherever you go. Say goodbye to bites and hello to relaxation.
Naveen Patnaik's first order will be to offer free power supply to 90% of people in Odisha, says BJD
BJD promises free power supply for 90% of Odisha's population under Naveen Patnaik's government. VK Pandian announces the extension of Biju Swasthya Kalyan Yojna for all, including government servants.
Tata Motors zips past Street in grand profit prix
The Street had forecasted profit of ₹7,200 crore for the March quarter. Revenue for the three-month period climbed 13%YoY to ₹1.19 lakh crore in line with market consensus of ₹1.2 lakh crore.
Tata Motors shines in Q4, anticipates debt-free status; JLR posts record profit
Tata Motors Surpasses Expectations with Tripled Profit in Q4, Eyes Debt-Free Status. India's largest automaker reported a net profit of Rs 17,528 crore in Q4, thrice the previous year, aided by a deferred tax credit. The company's revenue for the period climbed 13% YoY to Rs 1.19 lakh crore. For the full FY24, Tata Motors delivered record profit and revenue, with JLR generating a net profit of £2.5 billion. The company continued deleveraging efforts, aiming for net automotive debt-free status in FY25. JLR expects consistent demand, though some stress is noted in the UK market.
BJD promises to spend Rs 1 lakh-crore for youths, free electricity up to 100 units
Additionally, the party pledged to increase scholarships for girls and boys and create two lakh government jobs in the next five years. Patnaik also announced plans for a new skill and entrepreneurship university, state institute of fashion technology, and AI university in Odisha.
ONGC plans June drilling for India's first geothermal project in Ladakh
ONGC is gearing up for a fresh geothermal drilling campaign in Ladakh, aiming to tap into emission-free energy sources. The project could provide electricity, heating, and irrigation in Ladakh's harsh terrains. Planned drilling in June aims to complete two 1,000-meter wells by September. If successful, a 1 MW power plant could be operational by next year. Iceland, a geothermal energy leader, is advising ONGC. Overcoming past setbacks, including water control and logistics, is key, with advanced equipment and careful planning in place.
Power Minister RK Singh warns of debt trap for using borrowed money to provide free electricity
Power Minister RK Singh cautioned states against falling into a debt trap by implementing populist measures like providing free electricity, emphasizing that electricity isn't free and must be paid for. Singh highlighted Punjab's borrowing spree under the AAP government, which added to the state's existing debt burden.
LS polls: Seek votes on basis of work done by AAP govt, Punjab CM Bhagwant Mann asks party leaders
Punjab Chief Minister Bhagwant Mann Wednesday asked AAP leaders to take "positive agenda" to people and seek votes for the Lok Sabha polls on the basis of work done by his government in the past two years. Mann discussed a poll strategy with AAP candidate from Sangrur parliamentary seat Gurmeet Singh Meet Hayer and party MLAs from assembly segments which are part of the Lok Sabha constituency.
Delhi Cabinet approves power subsidy scheme for FY 2024-25
The Kejriwal government is providing free electricity to consumers with a monthly consumption of 200 units. A subsidy of 50 per cent is given to those who use 201-400 units per month.
ET Explains: What is PM Surya Ghar Muft Bijli Yojana, and how will it work?
It is a scheme that aims to provide free electricity to households who opt to install rooftop solar electricity units. The households will be able to get 300 units of electricity free every month. The scheme focuses on the household segment with up to 3 kW system, which covers most of the residential consumers in India.
PM-Surya Ghar: Muft Bijli Yojana: How to get free electricity under the scheme?
The Union Cabinet on Thursday approved 'PM-Surya Ghar: Muft Bijli Yojana' with a total outlay of Rs 75,021 crore for installing rooftop solar and providing free electricity up to 300 units every month for one crore households. Prime Minister Narendra Modi had launched the scheme on February 13 this year.
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