
Conditioning a cool behavioural move
Agencies In a warming India, ACs are a necessity. Yet, only about 7% of households own one. That's changing fast. 14 mn units were sold last year alone, and residential ownership is projected to grow 9x by mid-century. This surge could require tripling electricity production. But before that, the grid needs protection. In a welcome step, GoI announced on Tuesday that it plans to soon mandate temperature settings between 20° C and 28° C for all ACs - residential, commercial, and even those in vehicles. The move aims to improve energy efficiency, smooth out demand spikes and cut consumer power bills. Many ACs allow settings as low as 16° C and as high as 30° C, encouraging energy waste.By 2050, air conditioning could account for a quarter of India's GHG emissions and nearly half of nationwide peak electricity demand, according to UNEP's Cool Coalition. Yet, India has so far declined to sign the coalition's Global Cooling Pledge, which seeks to reduce the sector's climate impact. There is, however, some good news. Consumers are increasingly opting for energy-efficient, star-rated ACs. But high prices remain a significant barrier, especially for lower- and middle-income buyers. A CEEW report, 'Do Residential AC Buyers Prioritise Energy Efficiency?', recommends measures like tax breaks, bulk procurement and cross-brand incentive programmes to improve affordability and encourage wider adoption.
The report also highlights another crucial, but often overlooked, factor: good servicing practices (GSPs). Buying an energy-efficient AC is not enough. Without regular servicing, performance declines over the unit's 7-10-year lifespan, undermining expected energy and cost savings. To promote GSPs, awareness campaigns must stress their impact on efficiency. Without this behavioural nudge, tech and policy efforts may not deliver their full potential. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Benchmarked with BSE 1000, this index fund will diversify your bets. But at a cost.
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Time of India
2 hours ago
- Time of India
CM says ONGC to permanently cap leaking well in Sivasagar, US team in Assam
1 2 3 4 5 6 Dibrugarh: Assam chief minister Himanta Biswa Sarma on Friday announced that the Oil and Natural Gas Corporation (ONGC) will permanently cap its leaking crude oil well in Sivasagar district after two emergency efforts failed to contain the gas blowout. "Plan A and B failed to control the escalating gas leak crisis at ONGC's Rudrasagar Field in Sivasagar. Today morning ONGC chairman informed me that the company will activate Plan C, which is permanent capping of the well for controlling the gas leak," Sarma said. "Capping of the well will begin tomorrow and will be carried out in consultation with the US experts. It is expected to be completed within the next four or five days," Sarma said. A three-member team from Cudd Well Control, USA, arrived in Sivasagar on Friday afternoon to assist with the crisis. The involvement of the US specialists marks a significant escalation in containment efforts, as nearly 350 families remain displaced in relief camps due to the prolonged emergency. Multiple containment attempts, including several "junk shot" operations by ONGC's crisis management team, have failed to stop the hazardous gas discharge. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo The US team, known for its expertise in well control and blowouts, began site assessments immediately upon arrival. "The international experts were given a detailed briefing on the situation and past efforts. They've conducted a firsthand assessment of the site and will begin their specialised intervention on Saturday morning," said a senior ONGC official. Following high-level consultations with ONGC leadership, the American team proceeded to the site for a detailed situational analysis to determine the advanced techniques required to cap the well safely. Meanwhile, ONGC engineers have been preparing for the capping effort by clearing non-essential equipment and developing an alternate access route to facilitate safer movement around the volatile zone. The ongoing crisis has raised concerns over environmental fallout and the wellbeing of displaced residents. The Sivasagar district administration continues to coordinate with ONGC to support for the 350 affected families staying in relief camps. "We are providing all necessary assistance to the families and remain in close coordination with ONGC's emergency team. Our top priority is public safety and supporting the well-control operations," said Sivasagar deputy commissioner Ayush Garg. The Rudrasagar oil field is a key production asset for ONGC in Assam, but operations have been halted while containment efforts continue.


Time of India
2 hours ago
- Time of India
Modi flags off 100 new electric buses for city
1 2 3 Bhubaneswar: In a move towards a modern, eco-friendly mobility network, Prime Minister Narendra Modi on Friday flagged off 100 new electric buses under the Capital Region Urban Transport (Crut). The PM inaugurated the new buses during his visit to the city to mark one-year anniversary of the BJP govt in Odisha. The new additions increased the number of e-buses under Crut in the capital city to about 150. The capital city is steadily improving infrastructure supporting EVs with the introduction of a new public charging station at Vani Vihar Square recently. Besides, the Crut has also been developing exclusive bus depots equipped with EV infrastructure. With the new additions on Friday, Crut is likely to increase the number of routes covering more distant parts of the city as well as Cuttack and Puri. Besides the e-buses, Crut operates about 400 buses which run on conventional fuel. "There is a growing demand for public buses in the city. Looking at the need and demand, we have strengthened our fleet. The new and upcoming addition to the fleet will predominantly be e-buses only," a Crut spokesperson said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo He said the additions took the total number of buses under Crut to about 510. "There are 58 routes where Ama buses are plying now. We will be adding a few new routes with the new buses," added the spokesperson. The Ama Bus (earlier called Mo Bus) services have gained immense popularity in quick time. From daily ridership of a few thousand in the initial days, it has gone up to 2.16 lakh in Bhubaneswar alone. Looking at the demand, the state govt increased the fleet with new EV buses as well as routes covering more parts of the city. It also introduced Ama Bus service in Rourkela in 2023. It later expanded the service to cities like Berhampur and Sampalpur.


Economic Times
4 hours ago
- Economic Times
A Tale of Yaay! and Hmm: Is India's growth story impressive, or disappointing — or a bit of both?
Purchasing power, stop running away! We're doing fine! India has become the world's 5th-largest economy, eclipsing former economic giants like Britain. In a matter of 1-2 years, it should be the 4th-largest, surpassing Japan. Post-pandemic economic growth is nothing to be scoffed at. India is the world's fastest-growing major economy. Over the past 3 years, a rather turbulent period for the world economy, India's GDP increased at nearly 8% definitely. Yet, is the rising euphoria on India's escalating economic ranking justified? Perhaps. But only after we acknowledge the statistical meaning of being among the world's top-ranked economies. India is the world most populous country. In per-capita terms, we are still ranked as low middle-income. In per-capita nominal GDP, India is 143rd in a ranking of 194 countries. Adjusting for purchasing power parity (PPP), it's at 125th - the rank going up a few notches, but not very much. Humbling, yes. But let's not minimise the importance of being among the top 5 economies in overall GDP. China is 69th in nominal per-capital GDP, and 72nd in PPP per-capita GDP. Yet, its influence on the world stage is not diminished by its per-capita income ranking. China's economic and strategic influence is next to none, other than the US', and sometimes even an example, while most nations have cowed into pleasing Donald Trump and accepted his trade deals, China has decided to fight - and appears to be winning. Many countries are weighing whether they should develop closer alliances with China or the US, and how the others will India's influence will also be measured by its overall ranking in GDP, and not just by its per-capita ranking. Yet, let's keep in view that gap between India and the top two world economies. The US economy is $30 tn in nominal GDP. The Chinese economy is $19 tn. India's is far, far below at $3.9 tn. Humbling, vs expectations: that's the other aspect of India's growth story. In 2018, GoI pledged that India would be a $5 tn economy by 2025. This was a target that many experts viewed with amused scepticism. Of course, progress was halted by the two years of the pandemic. But for those long waiting for the arrival of the $5 tn economy, it's still disappointing to see that we are just halfway towards the 2018-19, India's GDP was $2.8 tn. In 2024-25, it's still $1.1 tn short of the target. Now we hope to achieve that target by of leading sectors - where the world acknowledges India's influence - also brings a mixed tale of optimism and caution. India is the world's largest user of ChatGPT, and, according to a Microsoft, Bain & Company, and Internet and Mobile Association of India (IAMAI) report, home to 16% of the world's AI talent. Impressive, has the ambition to lead the world in AI and Narendra Modi says, 'AI will remain incomplete without India.' Yet, so far, India doesn't have an indigenous foundational language model, and it's 3-5 years away from developing domestic AI chips. It lags substantially behind other nations in attracting investment in by Stanford University researchers suggest that India received only $1.2 bn in private investment in AI. Of course, the US received the lion's share - $109 bn. But China received 7x than India. A recent article in The Economist asks whether India can be an AI winner. It cautiously concludes that it has a lot to do to lead the most-talked-about achievement on the manufacturing front is that Apple is now assembling 20% of its smartphones sold worldwide in India. By 2026, it is planning to assemble in India all smartphones it will sell in the US. Again, impressive. Yet, the humbling reality is that India is simply assembling the phones, with almost all of their parts being manufactured in China or Southeast Asia. Hopefully, this will change once Foxconn, Apple's top supplier, sets up production facilities in biggest propeller for future economic growth is investment in Rundefined the US 3.5% of its even-larger in sectors where India has emerged as a top global supplier, investment in R&D is pathetic. India often labels itself the 'pharmacy of the world'. Indian pharma supplies 20% of all generic drugs globally, and 40% of generic drugs used in the US. Generic drugs do not need R& the non-generic sector is substantially driven by R&D. According to the Journal of Medicinal Chemistry, in pharmaceuticals, China's R&D investment is 16x India's. India imports 70% of its drug ingredients from China. Clearly, in some sense, we are far behind China even in sectors where we have a major global presence. (Disclaimer: The opinions expressed in this column are that of the writer. 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