BEE appreciates APSECM and southern SDAs for successfully implementing its Standards & Labelling Program
The Bureau of Energy Efficiency (BEE) has expressed satisfaction over the active participation of all State Designated Agencies (SDAs), particularly the proactive Southern SDAs, including the AP State Energy Conservation Mission (SECM), for successfully implementing the Standards & Labelling Program (S&LP).
In an official release, the BEE has urged SDAs to sustain the momentum by intensifying efforts to promote the Behaviour-Based Energy Saving Practices (2BESP), crucial in combating climate change and reducing electricity consumption.
According to the BEE, the 2BESP initiative has the potential to save up to 22.50 billion kWh of energy annually. To realise this potential, the BEE emphasised the need for targeted awareness and implementation campaigns at State-level.
During an interactive session on the impact of 5-star-rated appliances on Sunday, senior BEE officials, including Deputy Director General Ashok Kumar, Secretary Milind Deore, and Directors Abhishek Sharma and Karman Sheikh, highlighted the importance of adopting high-efficiency appliances such as air conditioners, refrigerators, and ceiling fans for achieving a substantial reduction in both electricity usage and consumer bills.
The officials encouraged SDAs to collaborate with Residential Welfare Associations (RWAs) and group housing societies to spread awareness about maintaining air conditioner temperatures at 24°C or higher in line with the Government of India's national energy efficiency campaign for both commercial and residential buildings.
With India's building sector currently accounting for 35–40% of the country's total energy consumption, the BEE stressed the need for urgent adoption of energy efficiency measures by SDAs. AP was one of the front-runners in rolling out the S&LP.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
3 hours ago
- Time of India
US Share Market prediction: Stocks soar toward records — but will inflation and Trump's Tesla feud trigger a crash?
As the U.S. stock market hovers just below all-time highs, investors and policymakers alike are bracing for new economic signals, with fresh inflation data set to headline a crucial week for financial markets. Following last week's broad-based rally, momentum remains strong. The S&P 500 index is now within 2% of setting a new record, buoyed by Friday's jobs report that momentarily eased recession concerns. Major U.S. indices closed higher for the week — the Nasdaq Composite climbed 2.3%, the S&P 500 rose 1.6%, and the Dow Jones Industrial Average advanced more than 1%, as mentioned in a report by Yahoo Finance. Focus Shifts to Inflation Readings A significant part of this week's market direction will depend on updates from May's Consumer Price Index (CPI) and Producer Price Index (PPI) reports. Economists anticipate that annual headline inflation rose to 2.5% in May, up from April's 2.3% — signaling a potential pause in recent disinflationary momentum. Core CPI, which excludes food and energy, is projected to have increased by 2.9% year-on-year, slightly up from April's 2.8%. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Average IQ Is 90. Check if Your Is Higher IQ International Undo With the Federal Reserve set to meet on June 18, these figures could inform the central bank's near-term stance on interest rates. Wall Street analysts expect the Fed to maintain current policy settings, though signs of persistent inflation could revive debate about future rate paths. Under the Hood: Labor Market Still Fragile Although the U.S. added 139,000 jobs in May, and the unemployment rate remained officially unchanged at 4.2%, deeper metrics tell a more nuanced story. Economists such as Neil Dutta of Renaissance Macro note that downward revisions to April's job figures, a softening in prime-age employment, and a marginal rise in the unrounded unemployment rate — now at 4.244% — suggest the labor market may be weaker than headlines suggest. Live Events "The Fed and markets appear focused on surface-level stability, but the data reveals emerging structural cracks," Dutta observed, as quoted in a report by Yahoo Finance. Corporate Earnings and Apple's Developers Conference On the corporate front, earnings reports from Oracle , Adobe, and GameStop headline a light calendar. Apple's Worldwide Developers Conference is also expected to generate headlines, particularly around the tech giant's AI strategies and software upgrades. Market Volatility Eases Despite Trade Concerns Investor anxiety around tariffs appears to have softened. Despite a volatile April marked by tariff hikes, markets have remained relatively steady. Experts like Barclays' Venu Krishna attribute this to a broader realization that aggressive tariff measures may not materialize in full. This has contributed to declining volatility, as measured by the VIX, and a gradual rebound in consumer and corporate confidence. Political Feud Spills into Markets Separately, tensions between President Donald Trump and Tesla CEO Elon Musk have spilled into financial headlines. After Musk criticized Trump's tax bill, the president threatened to revoke government subsidies for Tesla. The feud contributed to Tesla's 14% single-day stock plunge on Thursday — the largest market cap loss in its history — dragging the stock market along with it. Though Tesla shares recovered slightly on Friday, experts caution that prolonged tensions between Trump and major corporate figures could create further market instability. FAQs Why is this week considered crucial for the U.S. financial markets? Key economic data releases — especially May's Consumer Price Index (CPI) and Producer Price Index (PPI) — are expected this week. These will provide important signals on inflation trends ahead of the Federal Reserve's policy meeting on June 18. How close is the U.S. stock market to an all-time high? The S&P 500 is currently within 2% of setting a new record, buoyed by strong momentum from last week's jobs report and broad market gains.
Economic Times
3 hours ago
- Economic Times
US Share Market prediction: Stocks soar toward records — but will inflation and Trump's Tesla feud trigger a crash?
Synopsis Apart from inflation and earnings, Friday will bring an early reading of the University of Michigan's consumer sentiment index for June. As inflation data trickles in and political noise grows louder, markets will continue to navigate a delicate balancing act between optimism and uncertainty. As the U.S. stock market hovers just below all-time highs, investors and policymakers alike are bracing for new economic signals, with fresh inflation data set to headline a crucial week for financial markets. ADVERTISEMENT Following last week's broad-based rally, momentum remains strong. The S&P 500 index is now within 2% of setting a new record, buoyed by Friday's jobs report that momentarily eased recession concerns. Major U.S. indices closed higher for the week — the Nasdaq Composite climbed 2.3%, the S&P 500 rose 1.6%, and the Dow Jones Industrial Average advanced more than 1%, as mentioned in a report by Yahoo Finance.A significant part of this week's market direction will depend on updates from May's Consumer Price Index (CPI) and Producer Price Index (PPI) reports. Economists anticipate that annual headline inflation rose to 2.5% in May, up from April's 2.3% — signaling a potential pause in recent disinflationary momentum. Core CPI, which excludes food and energy, is projected to have increased by 2.9% year-on-year, slightly up from April's 2.8%. With the Federal Reserve set to meet on June 18, these figures could inform the central bank's near-term stance on interest rates. Wall Street analysts expect the Fed to maintain current policy settings, though signs of persistent inflation could revive debate about future rate the U.S. added 139,000 jobs in May, and the unemployment rate remained officially unchanged at 4.2%, deeper metrics tell a more nuanced story. Economists such as Neil Dutta of Renaissance Macro note that downward revisions to April's job figures, a softening in prime-age employment, and a marginal rise in the unrounded unemployment rate — now at 4.244% — suggest the labor market may be weaker than headlines suggest."The Fed and markets appear focused on surface-level stability, but the data reveals emerging structural cracks," Dutta observed, as quoted in a report by Yahoo Finance. ADVERTISEMENT On the corporate front, earnings reports from Oracle, Adobe, and GameStop headline a light calendar. Apple's Worldwide Developers Conference is also expected to generate headlines, particularly around the tech giant's AI strategies and software anxiety around tariffs appears to have softened. Despite a volatile April marked by tariff hikes, markets have remained relatively steady. Experts like Barclays' Venu Krishna attribute this to a broader realization that aggressive tariff measures may not materialize in full. This has contributed to declining volatility, as measured by the VIX, and a gradual rebound in consumer and corporate confidence. ADVERTISEMENT Separately, tensions between President Donald Trump and Tesla CEO Elon Musk have spilled into financial headlines. After Musk criticized Trump's tax bill, the president threatened to revoke government subsidies for Tesla. The feud contributed to Tesla's 14% single-day stock plunge on Thursday — the largest market cap loss in its history — dragging the stock market along with Tesla shares recovered slightly on Friday, experts caution that prolonged tensions between Trump and major corporate figures could create further market instability. ADVERTISEMENT Key economic data releases — especially May's Consumer Price Index (CPI) and Producer Price Index (PPI) — are expected this week. These will provide important signals on inflation trends ahead of the Federal Reserve's policy meeting on June 18. The S&P 500 is currently within 2% of setting a new record, buoyed by strong momentum from last week's jobs report and broad market gains. ADVERTISEMENT (You can now subscribe to our Economic Times WhatsApp channel) U.S. stock marketinflation dataTesla stock plungeConsumer Price Indexoracle (Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates. NEXT STORY
The Hindu
6 hours ago
- The Hindu
BEE appreciates APSECM and southern SDAs for successfully implementing its Standards & Labelling Program
The Bureau of Energy Efficiency (BEE) has expressed satisfaction over the active participation of all State Designated Agencies (SDAs), particularly the proactive Southern SDAs, including the AP State Energy Conservation Mission (SECM), for successfully implementing the Standards & Labelling Program (S&LP). In an official release, the BEE has urged SDAs to sustain the momentum by intensifying efforts to promote the Behaviour-Based Energy Saving Practices (2BESP), crucial in combating climate change and reducing electricity consumption. According to the BEE, the 2BESP initiative has the potential to save up to 22.50 billion kWh of energy annually. To realise this potential, the BEE emphasised the need for targeted awareness and implementation campaigns at State-level. During an interactive session on the impact of 5-star-rated appliances on Sunday, senior BEE officials, including Deputy Director General Ashok Kumar, Secretary Milind Deore, and Directors Abhishek Sharma and Karman Sheikh, highlighted the importance of adopting high-efficiency appliances such as air conditioners, refrigerators, and ceiling fans for achieving a substantial reduction in both electricity usage and consumer bills. The officials encouraged SDAs to collaborate with Residential Welfare Associations (RWAs) and group housing societies to spread awareness about maintaining air conditioner temperatures at 24°C or higher in line with the Government of India's national energy efficiency campaign for both commercial and residential buildings. With India's building sector currently accounting for 35–40% of the country's total energy consumption, the BEE stressed the need for urgent adoption of energy efficiency measures by SDAs. AP was one of the front-runners in rolling out the S&LP.
