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New Delhi, Aug 28 : India on Tuesday signed a $220-million loan agreement with the World Bank to scale up energy saving steps in residential and public sectors.

It inked another $80-million guarantee agreement for 'India Energy Efficiency Scale-Up Programme' that is expected to avoid lifetime emissions of 170 million tonnes of carbon dioxide and also help prevent additional generation of an estimated 10 gigawatt of greenhouse gases, an official statement said.

This would be over 50 per cent of India's target of 19.6 gigawatt as per the Paris Accord, it added.

The $220 million loan has a five-year grace period and a maturity of 19 years. The $80 million guarantee will partially cover repayment risks to commercial lenders or investors to enable Energy Efficiency Services Limited (EESL) raise funds for its programme, the statement said.

The government said that the programme, to be implemented by the EESL, will strengthen EESL's institutional capacity and enhance its access to commercial financing.

Economic Affairs Joint Secretary Sameer Kumar Khare said that the agreement was one of the several steps taken by the government to meet its climate change commitments to reduce carbon intensity by 33-35 per cent by 2030.

Acting World Bank Country Director in India, Hisham Abdo, said that the programme will help India move further towards a more resource efficient growth path.

He said that the additional guarantee from the World Bank will enable the EESL to access new sources of commercial funding, diversify its investor base and establish a track record for future access to financial markets.

 

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Several users on ‘X’ on Thursday and Friday shared claims that LPG cylinders booked at 11:45 AM were being delivered within just two hours, prompting humorous and curious reactions online. 

Meanwhile netizens quickly responded to the sudden similar bookings by many users.

One ‘X’ user tweeted, “Booked a Bharat Gas LPG cylinder at 11:45 AM today and it was delivered at my doorstep by 1:30 PM. Without any extra cash or charges. I asked the delivery guy if there was any shortage. His reply was negative. This copy is circulating 👇.”

Another user questioned the timing, asking, “How can all book at the same time?” while a separate post wondered, “Why is everyone booking LPG at 11:45 AM?”

Many netizens joked about the posts. One wrote, “Everyone is booking LPG gas cylinders at 11:45 AM, and surprisingly it’s getting delivered in two hours. IT cell has some special gas agency. Is it LPG or Naale ka Gas?” 

One urged, “Please tell these hundreds of people to book at 11:45 AM too,” sharing a photo of people standing in ques.

“Booked an Indane Gas LPG cylinder at 11:46 AM today and it wasnt delivered at my doorstep by 2:30 PM. I asked the delivery guy, why didn't he deliver. He replied cylinders were delivered only to people who booked exactly at 11:45 AM,” wrote another. 

 

One user asked, “What was the auspicious occasion to book at 11:45 AM?” while another tweeted, “I am going to book a gas cylinder at 11:45 AM tomorrow, hope Modi Ji will deliver it by 1:30.”

“I want to ask one thing… If I book an LPG cylinder tomorrow at 11:45 AM and the gas agency is unable to deliver it by 1:30 PM, will it be free like Domino’s pizza, or will I get it at some discounted price? BJP IT Cell experts, please confirm so that I can book my LPG cylinder tomorrow exactly at 11:45 AM,” said another humorously.

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