Tag Archives: india

In response to escalating heat in India, air conditioner ownership has surged, with the number of units per 100 households tripling since 2010, according to the International Energy Agency (IEA). The IEA revealed that the ownership rate currently stands at 24 units per 100 households, and this number is predicted to skyrocket ninefold by 2050. The rise in air conditioner usage has also had a significant impact on electricity consumption, with a 21% increase observed between 2019 and 2022. As a result, nearly 10% of India's electricity demand is now attributed to the cooling requirements of these devices.

India's economic growth continues to impress, with predictions by S&P Global Market Intelligence suggesting that it will become the world's third-largest economy by 2030, overtaking Japan. The country's robust growth is attributed to factors such as a burgeoning middle class, digital transformation, and increased foreign investment.

Google has unveiled 'DigiKavach,' an initiative aimed at preventing financial frauds in India. This program, announced at the annual Google for India event, will use early threat detection and collaboration with industry stakeholders to safeguard users from evolving financial scams.

The Indian government has stated that there will be no licensing requirement for the import of laptops and computers. Instead, they will focus on monitoring inbound shipments, citing the need for a close watch on these imports.

India's Rural Infrastructure Development Fund (RIDF) has marked a significant milestone, with state governments availing ₹4.07 lakh crore for rural development projects. The annual corpus of RIDF, established in 1995-96, has surged from ₹2,000 crore to ₹50,000 crore in 2023-24. Learn how RIDF has become a pivotal force in transforming the rural economy and its future plans.

WhatsApp has banned over 74 lakh accounts in India, including proactive actions, as part of its efforts to comply with the country's new IT Rules. Find out why these accounts were banned and how WhatsApp is taking steps to combat abuse on its platform.

India is set to introduce 50-year bonds for the first time in response to increasing demand from insurance and pension funds, diversifying its debt offerings and extending its yield curve. This move aligns with the changing landscape of India's sovereign debt market and aims to reduce the government's reliance on bank purchases for funding record borrowings.

In October, several significant changes are set to take place in the personal finance and administrative landscape of the country. These changes will have a direct impact on the lives of millions of people across India. Let's take a closer look at these transformations:

India takes a monumental step towards sustainable transportation with the inauguration of its first green hydrogen fuel cell bus in Delhi. The initiative, led by Indian Oil, aims to conduct trials of 15 fuel cell buses powered by green hydrogen, representing a significant leap towards low-carbon mobility solutions.

In a recent development, Tesla has unveiled plans to manufacture and sell battery storage systems in India. The company submitted a proposal to Indian officials, seeking incentives to establish a battery storage factory as part of its ongoing efforts to expand its presence in the country.