Kautilya

36.78 Crore LEDs Distributed Across the Country Under UJALA

UJALA was successful in lowering the retail price of LED lights from Rs 300-350 (US$ 4.03- 4.7) to Rs 70-80 (US$ 0.9- 1) per bulb. The programme not only made affordable energy available to everyone, but it also saved a lot of energy. As of present, energy savings total 47,778 million kWh per year. 9565 MW of peak demand has been avoided, resulting in a saving of 3,86 crore tonnes of CO2 emissions.

83% Jump in Hirings: FY22 Could be IT’s Best Ever, Shows Data

The previous record high was of 90,000 employees in 2018-19, which was shattered in the first half of FY22 as they hired 110,000 employees. This has led to increased salaries due to which margins may be impacted in the next few quarters. Jefferies expects highest margin decline of Wipro and HCL Tech in the third quarter of FY 22.

RBI Allows Offline Digital Payments

To push digital transactions in rural and semi-urban areas, the Reserve Bank of India (RBI) on Monday issued a framework allowing offline payments up to Rs 200 per transaction, subject to an overall limit of Rs 2,000.