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The smart metering installations are likely to surge over the next two years supported by the progress in tendering, the agency said in a report on Wednesday. "Icra anticipates the awarding of smart meters by state distribution utilities (discoms) to increase to 222 million over the near to medium term from 99 million so far," it said.
Exclusive for Subscribers from Monday to Friday: Why India’s first polarimetry mission, Pacific Ring of Fire and Most Favoured nation (MFN) principle are relevant to the UPSC Exam? What significance do topics like Northeast India, Red Sea and Operation Prosperity Guardian have for both the preliminary and main exams? You can learn more by reading the Indian Express UPSC Key for January 2, 2024.
China stood pat on benchmark lending rates at the monthly fixing on Wednesday, matching market expectations, after the central bank kept its medium-term policy rate steady earlier last week. The one-year loan prime rate (LPR) was kept at 3.45%, while the five-year LPR was unchanged at 4.20%. Most new and outstanding loans in the world's second-largest economy are based on the one-year LPR, which stands at 3.45%.
The board of directors of UsPlus (‘the Board’) is pleased to announce that UsPlus has, further to the issuances of Unlisted Senior Secured Floating Rate Notes under its ZAR1,000,000,000 Domestic Medium Term Note Programme, broadened its institutional funding base through the successful raising of EUR2 million in Senior Unsecured debt funding from Triodos Investment Management, a leading global impact investment firm based in the Netherlands, following the USD10 million debt capital raise in May 2022
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