Electricity bill to go down from January in Karnataka

News Network
December 31, 2019

Bengaluru, Dec 31: Power consumers in the state can heave a sigh of relief in the first quarter of 2020. Reason: Karnataka State Regulatory Commission will slash the Fuel Adjustment Charges (FAC), a component of consumer electric bills, by nearly 60%.

FAC, which refers to charges that electricity supply companies (Escoms) raise based on the varying cost of fuel (coal), has been brought down to 12 paise per unit for Bangalore Electricity Supply Company (Bescom) consumers. The FAC was 29 paise/unit in Bescom limits the last quarter of 2019.

December 20 order

In June 2019, the FAC was hiked by slightly more than 60%. The latest order from KERC, issued on December 20, has brought the FAC down by nearly 60%.

The FAC is down by 4 paise/unit for Mangalore Electricity Supply Company (Mescom) consumers, 7 paise/unit for Hubbali Electricity Supply Company (Hescom) consumers and 6 paise/unit for Gulbarga Electricity Supply Company consumers. FAC for Mescom is also applicable to consumers falling within the ambit of Mangaluru SEZ and those of Hescom to consumers of Hukkeri RECS and Aequs SEZ.

Comments

ahmed
 - 
Tuesday, 31 Dec 2019

Isn't  it a Good Move for First quarter of 2020. Ofcourse a common man will appreciate it blindly. 

 

Let every kannadigas know that there is a near future plan wherein Electricity Bill be hiked.

 

 

Simple concept is implemented here:::: A BIG news regarding decrease has been highlighted.

As and when it is increased no media will show rather people will be diverted towards other issues just because not to raise any negative impact.

 

 

Let KA govt dare to adopt Delhi govt to provide 200 units of Free electricity.

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News Network
June 29,2020

Mangaluru, Jun 29: A hospital set up in 1848 in the Port City has to remain closed till July 5 as majority of the Doctors and Staff at Lady Goschen Government Hospital are quarantined after coming in contact with a COVID-19 infected person.

Hospital Medical Superintendent said that both in-patient and out-patient wings of the hospital will remain closed till July 5 as there is a need to fumigate and sanitise all the departments of the hospital. Patients for treatment under 'Ayushman Bharat – Arogya Karnataka' scheme will be sent to private medical colleges with the referral card from the hospital. The hospital will start functioning normally from July 6.

The Lady Goschen Government Hospital, earlier known as the maternity Hospital, is the oldest hospital in the district and dates back to 1848.

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News Network
February 10,2020

Belagavi, Feb 10: In comments that raised eyebrows, Ramesh Jarkiholi, who quit the Congress and joined the BJP and who took oath as minister last week, said his brother Satish has a bright future. The two siblings have rarely seen eye-to-eye — at least in public — in recent times.

He also trained his gun on Congress leader DK Shivakumar, sarcastically thanking the Congress MLA for his meteoric rise. “Had Shivakumar not stood against me, I would not have emerged as a tall leader in the state. I must thank him,” Ramesh said.

The Gokak MLA said Satish of the Congress, the most politically-savvy of the five Jarkiholi siblings, would reach “the top” in his political career. However, he advised him “to inculcate patience and adopt strategies”. “He should make his moves at the right time as timing is very important in politics,” Ramesh said.

He also urged Satish to keep his supporters happy. “Many of his followers are disappointed with his leadership because he does not extend a helping hand to his own people. In the present political climate, people do not endorse a leader who only talks about Buddha and Basava,” Ramesh said.

Ramesh took a dig at Lakan, the youngest sibling, saying, “Lakan speaks ill about me most of the time. He does not understand much. But we brothers are one when it comes to family. We are united when it comes to family matters, but when it comes to politics, we are at loggerheads.”

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News Network
January 14,2020

Bengaluru, Jan 14: Days after the Reserve Bank of India (RBI) capped to Rs 35,000 the withdrawal limit of Sri Guru Raghavendra Co-operative Bank, BJP MP Tejasvi Surya on Monday reassured account holders and said Finance Minister Nirmala Sitharaman was personally monitoring the issue.

Taking to Twitter, Surya said, "I want to assure all depositors of Sri Guru Raghavendra Co-operative Bank to not panic. Hon'ble Finance Minister Nirmala Sitharaman is appraised of matter and is personally monitoring the issue. She has assured the government will protect interests of depositors. Grateful for her concern."

The Bengaluru South MP also attached a letter in his tweet where he had appraised Sitharaman of the situation.

"Finance Minister, after speaking with the RBI governor and other authorities concerned, assured Surya that the government will do everything in its capacity to protect the interests of the depositors and the long term interests of the bank," the letter read.

It said that Surya also reached out to Sitharaman "three times on January 13" after which she reassured him that the "depositors need not panic".

RBI had, on January 10, imposed certain restrictions on Sri Gururaghavendra Sahakara Bank Niyamitha.

"In particular, a sum not exceeding Rs 35,000 of the total balance in every savings bank or current account or any other deposit account may be allowed to be withdrawn subject to conditions stated in the above RBI directions," the notification said.

The regulatory body said that the bank will continue to undertake banking business with restrictions until its financial position improves.

"These directions shall remain in force for a period of six months from the close of business of January 10 and are subject to review," it said.

The bank has been restricted from granting or renewing any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance of fresh deposits, disburse or agree to disburse any payment whether in discharge of its liabilities and obligations or otherwise, enter into any compromise or arrangement and sell, transfer or otherwise dispose of any of its properties or assets except.

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