LED bulb prices in India are nearing CFL prices, but might be priced down a further INR 20 (US $0.30) following the government’s 50 million LED bulb purchase tender to be issued in the next ten days, reported The India Times.

The Indian government intends to slash LED bulb retail prices from the average retail price of INR 300 (US $4.52) to INR 44 (US$ 0.66) under its DELP scheme, reported Times of India.

GE unveiled Bright StikTM LED, a redesigned, entry point 60-watt replacement LED, accelerating consumers’ transition from CFL to LED lighting—according to GE industry estimates. With an LED 3-pack for under US $10 every day MSRP, Bright Stik is available at www.homedepot.com today and in-store at The Home Depot locations nationwide starting in mid-summer.

Global 40W equiv. LED bulb Average Selling Price (ASP) dipped slightly by 1.3 percent in March to US $14.9, with price decrease most evident in China, according to latest LED bulb retail findings for March 2014 from LEDinside, a division of research organization Trendforce’s. ASP for 60W equiv. LED bulbs basically remained flat at US $ 20.8.