After free water, Arvind Kejriwal moves to reduce power bills in Delhi

December 31, 2013

Arvind_Kejriwal4New Delhi, Dec 31: After fulfilling his party's promise of providing free supply of 700 litres of water everyday for Delhi households, Chief Minister Arvind Kejriwal on Tuesday initiated steps to reduce power bills by asking the three private power distribution companies to present their case on their likely audit by the Comptroller and Auditor General.

According to reports, Chief Minister has given time till Wednesday morning to the three major power distribution companies to file their replies in this regard.

Defying doctor's advice, an unwell Chief Minister Kejriwal also went to meet CAG Shashi Kant Sharma to discuss the issue before going into a cabinet meeting.

Kejriwal told reporters, “Delhi government is of the view that audit of these companies can be done. But under the provisions of law the three companies were being given the opportunity of being heard on the government audit of their finances.”

"They are being given time till tomorrow morning by which they will have to give their representations. The cabinet will meet in the evening," he told reporters before leaving for his meeting with the CAG.

At the cabinet meeting today, the issue of revising the power tariff may be discussed. The Chief Minister said in today's cabinet meeting, they would discuss issues relating to unauthorised colonies.

The ailing Chief Minister, who has been advised complete bed rest by the doctors, also tweeted, “Going to meet the CAG, to discuss possibility of an audit of the three power companies.”

“I believe we have 48 hours in hand so doing whatever we can to help people in this period, “ the Chief Minister's tweet said.

After the AAP government delivered on its promise of supplying 700 litres of free water everyday for Delhi households, expectations are running high whether the ruling party would be able to deliver on its promise of reducing the power tariff by 50 percent in the national capital.

Kejriwal on Monday delivered on the AAP's poll promise by announcing 20 kilo litres of free water a month to all metered households. The Congress, however, questioned the move, saying Kejriwal should ensure that every citizen of Delhi gets 700 litres of free water per day.

The government's decision, however, came with a rider that those consuming over this limit will have to pay as per tariff, enhanced by 10 percent, effective January 1.

The promise of 700 litres of free water to every Delhi household was made in the AAP poll manifesto.

Ever since Kejriwal formed AAP, he has been focusing his Delhi campaign on reducing power tariff and free water supply. Experts say that reducing electricity tariffs by 50 percent can only be done only if subsidies are doled out.

“It is unlikely that the utilities can bring down the electricity tariffs by 50 percent without government providing them with cash subsidy,” Debashish Mishra, Senior Director, Deloitte India said.

However, he added that there may be scope for further loss reduction in distribution, demand side management measures and cost optimisation in O&M (Operation & Maintenance).

He said that broadly the tariff is determined by four factors - existing operational efficiencies, capital and cost structures, power purchase agreements, and regulatory (assured and authorised) assets in the sector.

Electricity tariffs were revised in the Capital in July this year. Delhiites pay a minimum of Rs 3.90 per unit tariff.

AAP has said that it would seek complete statehood for Delhi, special audit of all electricity companies, regularisation of unauthorised colonies, stopping donations in private schools and improving working conditions of contract labour and lowly paid employees.

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News Network
April 10,2020

New Delhi, Apr 10: With 896 COVID-19 cases reported in the country in the last 24 hours, India's total number of coronavirus positive cases rose to 6,761 on Friday, informed the Union Ministry of Health and Family Welfare.

Out of all these cases, 6039 are active cases, 516 have been cured/discharged/ migrated, and 206 deaths have been reported so far.

The country witnessed the highest one day increase with 896 cases.

37 deaths were reported in the last 24 hours.

Maharashtra with 1364 cases is the worst affected state followed by the Union Territory of Delhi with 898 cases and Tamil Nadu with 834 cases.

The country is under a 21-day lockdown until April 14 which was imposed to curb the spread of the virus.

States like Odisha and Punjab have extended the lockdown till April 30.

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Agencies
March 15,2020

New Delhi, Mar 15: The new rules for debit and credit cards to increase security and reduce frauds kick in from Monday. In January, the Reserve Bank of India (RBI) had issued new rules to improve user convenience and increase the security of card transactions. These rules will help in curbing the misuse of debit and credit cards.

RBI has directed banks to allow only domestic card transactions at ATMs and PoS terminals in India at the time of issuance/reissuance of card. For international transactions, online transactions, card-not-present transactions and contactless transactions, customers will have to separately set up services on their card.

These rules will be applicable for new cards from March 16. Those with old cards can decide whether to disable any of these features.

As per the existing rules, these services used to come automatically with the card, but now it will start at the request of the customer.

Debit or credit card customers who have not yet done any online transaction, contactless transaction or international transaction with the card, then these services on the card will automatically stop from March 16.

The Reserve Bank has asked all banks to provide mobile banking, net banking option to enable limit and enable and disable service 24 hours a day, seven days a week.

If the customer makes any change in the status of the card, the bank will alert the customer through SMS/email and send the information.

Issuers shall provide to all cardholders facility to switch on/off and set/modify transaction limits (within the overall card limit, if any, set by the issuer) for all types of transactions -- domestic and international, at PoS/ATMs/online transactions/contactless transactions, etc.,

The provisions, however, are not mandatory for prepaid gift cards and those used at mass transit systems.

The latest instructions come in the wake of rising instances of cyber frauds and the huge increase in the use of cards.

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Agencies
January 16,2020

New Delhi, Jan 16: United Forum of Bank Unions has decided to observe a two-day strike on January 31 and February 1, demanding early wage revision settlement which has been due since November 1, 2017, said the All India Bank Employees Association.

Union Finance Minister Nirmala Sitharaman will present her second Union Budget on February 1.

Banks will also hold a strike on March 11, 12 and 13. Also, an indefinite strike will be held from April 1.

General Secretary, All India Bank Officers' Confederation West Bengal Sanjay Das has stated that the nationwide strike has been called over several demands.

"The demands include--wage revision settlement at 20 per cent hike on payslip components with adequate loading thereof and scrapping off New Pension Scheme (NPS)," said Das.

There are several demands to hold the strike including the merger of special allowance with basic pay, updation of pension, improvement in the family pension system, five-day banking, allocation of staff welfare fund based on operating profits and exemption from income tax on retiral benefits without a ceiling.

"Other demands include-- a uniform definition of business hours, lunch hour etc in the branches, introduction of leave bank, defined working hours for the officers and equal wage for equal work for the contract employee," said Das.

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