Rupee Rebounds as RBI Steps In

Due to probable Reserve Bank of India (RBI) action to stop the precipitous slide in the currency, the rupee rebounded dramatically from its record low level on Thursday to close at 89.90 versus the US dollar. Rupee Recovers After Slump The local currency closed at 89.90 versus the US dollar, up 29 paise from the … Read more

Maharashtra Rooftop Solar Users Face Uncertainty Over New Tariffs

There is a policy conflict with Maharashtra’s solar energy aspirations. While the state government is contemplating a nighttime rate increase to control its power distribution expenses, the national government’s PM Surya Ghar Yojana seeks to increase rooftop solar by providing homes with up to 300 units of free energy each month. Many customers who used … Read more