Power bills set to go up in Telangana from April 2022
Power consumers in the state will have to shell out more towards electricity bills from April 2022 with Telangana Southern Power Distribution Corporation Limited (TSSPDCL) and Telangana Northern Power Distribution Company Limited (TSNPDCL) seeking to increase 50 paise per unit for low tension (LT) domestic consumers and Re 1 per unit for all other categories, including LT commercial and high tension (LT) consumers.
As a result of the proposed hike, the power utilities are set to mop up an additional revenue of Rs 6,831 crore.
The discoms submitted power tariff proposals to the Telangana State Electricity Regulatory Commission. The TSERC will conduct a public hearing to seek opinion from people and organisations before finalising or approving the power tariff hike for the year 2022-23.
Both the discoms said that while the annual aggregate revenue requirement (ARR) for the coming financial year is Rs 53,054 crore, the present revenue earnings, including government support, is Rs 42,126 crore, thus leaving a revenue deficit of Rs 10,928 crore. The deficit will be bridged in the form of hike in power charges to the tune of Rs 6,831 crore and another Rs 4,097 crore from internal efficiency and government’s support, they said.
Ziyuan-1 02E Launched by China
China launched a new Earth observation satellite named “Ziyuan-1 02E” into space.
The satellite was launched with the goal of discovering new natural resources.A smaller satellite was also launched, which will be used to teach geography at a Beijing school.
The Long March 4C rocket launched both satellites from the Taiyuan Launch Center in Sjanxi Province.
The Earth observation satellite Ziyuan-1 02E is part of a series of Ziyuan-1 satellites. Its most recent version, Ziyuan III 03., was released in July 2021.
Global Environment and Climate Action Citizen Award Presented In Dubai
the Global Environment and Climate Action Citizen Award were presented in Dubai.
Surat’s noted industrialist Viral Desai received the prestigious Global Environment and Climate Action Citizen Award.
Because of his passion for the environment, Viral Desai is known as Greenman.
At Dubai’s Atlantis, The Palm, the SanskrutiYuvaSansthan presented Viral Desai and other winners with the ‘Bharat Gaurav Samman.’
The prestigious awards were presented to 28 prominent figures from 11 countries, including the United Kingdom, the United States, France, New Zealand, and Malaysia.
CEBRs Indian Economy Prediction
According to the Centre for Economics and Business Research (CEBR), India will reclaim sixth place from France in 2022 and move up to third place in 2031.
India was predicted to become the third-largest economy in the world by 2030.
China will overtake the United States in 2030, according to the CEBR’s annual World Economic League Table.
According to the report, India’s ranking in the World Economic League Table will improve over the next 15 years (WELT).
Flex-Fuel Vehicles and Flex-Fuel Strong Hybrid Guidelines
Guidelines for Flex-Fuel Vehicles and Flex-Fuel Strong Hybrid Electric Vehicles were released by the Union Ministry of Road Transport and Highways.
Automatic manufacturers in India have been instructed to begin producing Flex Fuel Vehicles (FFV) and Flex Fuel Strong Hybrid Electric Vehicles in accordance with guidelines (FFV-SHEVs).
This will help India replace its petroleum imports as a fuel source while also providing direct benefits to farmers.
FFV-SHEVs are equipped with powerful Hybrid Electric technology.
Consumer Protection (Direct Selling) Rules
The Consumer Protection (Direct Selling) Rules, 2021, have been published by the Central Government.
Direct selling entities and direct sellers are prohibited from Promoting a Pyramid Scheme or enlisting anyone in these schemes under the notified rules.
Participating in a money-transfer scheme
State governments have been given the responsibility of monitoring compliance with these rules.
Direct Selling Entities are required to have at least one physical location as a registered office within India, according to the rules.
They should make a self-declaration that the Direct Selling Entity has followed the rules and is not involved in a pyramid scheme or money circulation scheme.
All products sold by a direct selling company must adhere to the declarations made under the Legal Metrology Act of 2009.
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