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
July 25,2020

Dharward, Jul 25: In a shocking incident, a man reportedly killed his wife and daughter by feeding them poison and ended his life by hanging in his house. The incident took place in Dharwad on Saturday. 

The deceased have been identified as Mounesh Pattar (36), his wife Arpita (28) and their four-year-old daughter Sukruta. 

Mounesh was working in a private company in Dharwad and was depressed from the last one week fearing job loss. 

It was alleged that he might lose his job as the management decided to remove more than 40 employees due to covid -19 lockdown.

On Friday late night, he reportedly gave poison to his wife and daughter and later committed suicide by hanging self. The incident came to light on Saturday morning.

A case is registered at Sub Urban police station and further investigation is on.

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News Network
May 24,2020

Bengaluru, May 24: In an effort to protect passengers and staff from the risk of COVID-19 transmission, the Bangalore International Airport Limited (BIAL) has introduced a parking-to-boarding contactless journey at the airport.

With a greater emphasis on minimum touch and minimum exposure between passengers and airport personnel, BIAL aims to minimise all physical contact at the airport. The technology will continue to enable a seamless airport journey, with greater emphasis on health and safety.

"As the gateway to a new India, BLR Airport has a key role to play in helping passengers through this global health crisis by reassuring them that their safety is our top priority. We have introduced innovative contactless procedures to minimise exposure at the airport," said Hari Marar, MD and CEO, BIAL.

"These enhancements demonstrate our continued commitment to keep our passengers safe in this environment. We believe our new measures will boost confidence among passengers," continued Marar.

"BLR Airport is all geared up to welcome our passengers back and - working with various government departments - we're committed to offering them a safe experience by implementing the best-in-class standards, procedures and practices," Marar added.

Earlier, Civil Aviation Minister Hardeep Singh Puri said that domestic flight operations will resume from May 25 noting that all airlines and airports were ready but it is not viable to keep the middle seat vacant as it will lead to hike in the ticket price and prescribed social distancing norms would still not be met. 

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News Network
February 2,2020

New Delhi, Feb 2: Budget 2020 announcement that insurance behemoth LIC will be listed was well received by market participants who said this will be "IPO of the decade" akin to the Saudi Aramco listing.

Finance Minister Nirmala Sitharaman on Saturday said Life Insurance Corporation (LIC) will be listed as part of the government disinvestment initiative.

A "highlight of the budget is the LIC IPO, which is akin to the Saudi Aramco listing for Indian capital markets, and will be IPO of the decade," Vijay Bhushan, President, Association of National Exchanges Members of India (ANMI) said.

According to Krishna Kumar Karwa, Managing Director, Emkay Global Financial Services, the LIC IPO will be a big positive for corporate governance and transparency and will open up one more avenue for fund raising for the government over the years.

Metropolitan Stock Exchange, Interim CEO, Balu Nair said: "The LIC listing will be eagerly awaited by investors and will provide huge fillip to capital raising through the primary market." The government proposes to sell a part of its holding in LIC through an initial public offer, Sitharaman said while presenting Budget 2020-21.

"The government will sell part of LIC through its listing in the stock market which is also a positive trigger for the market," Amit Gupta, CO-Founder and CEO, TradingBells.

Jaideep Hansraj, MD and CEO of Kotak Securities said listing of LIC would help bridge a gap in the Fiscal Deficit for FY21.

Currently, the government owns the entire 100 per cent stake in LIC.

Saudi Aramco shares were listed in December last year.

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