Due to the ongoing heatwave, there has been an increase in both demand for FMCG items as well as durable goods, with major industry players betting on double-digit growth in sales
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The water crisis incites a political storm in the national capital, with both BJP and AAP at loggerheads
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Delhi's peak power demand clocked 8000 MW for the first time on May 22, 2024. Since then, Delhi's peak power demand has crossed the 8000 MW mark on 8 occasions.
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The recent temperature surge has significantly pushed up power demand, with India's peak demand reaching 250 GW this year, surpassing the previous high of 243 GW recorded in September last year
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On the price front, higher raw material and freight costs led to a rise in input prices
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May has been a terrible month for the region, with temperatures in the capital Delhi and the nearby state of Rajasthan touching 50 degrees Celsius
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With the increasing temperature and heatwaves becoming more common the demand for cooling and air conditioning spikes dramatically, the surge in consumption often leads to peak power usage, straining electrical grids and driving up electricity bills for consumers
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The forecast follows the prediction of above-normal rain this monsoon riding on favourable La Nina conditions, expected to set in between August and September
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The weather agency also said that mercury had soared as high as 45 degrees Celsius in many places across the country in May
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In India, where a significant portion of the population works in agriculture and informal sectors, heatwaves can lead to increased absenteeism, decreased productivity, and higher healthcare costs, writes Deepak Sood, Secretary General, Assocham
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