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Karnataka heading for fixed load-shedding

[email protected] (DHNS)
August 22, 2015

Bengaluru, Aug 22: The deficient southwest monsoon has led to reduced power production forcing the Sate to resort to scheduled load-shedding in the next few days.30BGPOWERCUT 1222570f

The State government may have directed Bengaluru Electricity Supply Company (Bescom) to ensure effective power supply till Saturday, the day of polling for the Bruhat Bengaluru Mahanagara Palike elections, but many areas of Bengaluru have been experiencing unscheduled power cuts for the past two days.

Bescom Managing Director Pankaj Kumar Pande, however, attributed them to local problems and denied that the company had resorted to load-shedding.

Kumar said the government had been drawing up a plan to conduct scheduled load-shedding, including in Bengaluru.

“Now that we have completed the process of power purchase from the open market, a plan will be chalked out for load-shedding in a day or two. It will be finalised based on the shortage and availability,” he said.

Meanwhile, escoms, including the Bescom, will spend an estimated Rs 3,400 crore to purchase power from the open market to tide over the power crisis resulting from the deficient monsoon.

They are expected to spend an estimated Rs 350 crore per month on short-term power purchases.

The Karnataka Electricity Regulatory Commission on Friday gave escoms the nod to purchase 1,000 mega watts (MW) of power at Rs 5.08 per unit till May 2016.

Currently, about 6,400 MW is available against the total requirement of 8,000 MW.

The power shortage is mainly to due to a decline in water levels of hydel reservoirs and recent outages at the Udupi Power Corporation Ltd and Ballari Thermal Power Station (BTPS).

The total capacity in the three major hydel reservoirs of Linganamakki, Mani and Supa is about 4,000 million units (MU) against 6,573 MU during the same period last year, said Additional Chief Secretary to the Energy Department P Ravi Kumar.

Due to these outages, the State is now generating hydel power at its full capacity of 40 MU, as against a normal of 12-14 MU during the monsoon season. The current storage at the reservoirs will be exhausted in about 100 days if this continues.

Of the two 500-MW BTPS units, one is under maintenance and another tripped on Thursday, said Karnataka Power Transmission Corporation Limited (KPTCL) Managing Director Jawaid Akhtar.

He added that the KPTCL had planned to procure 750 MW at Rs 5.08 per unit from this September 15 to May 2016.

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News Network
August 9,2020

Bengaluru, Aug 9: karnataka's Health Minister B Sriramulu has tested positive for the novel coronavirus. He has been hospitalised and is being treated for Covid-19. The minister has also asked all of those who came in contact with him recently to take necessary precautions.

Sriramulu made the announcement in a series of tweets on Sunday. He said, “After symptoms of flu, I have tested positive for coronavirus today.”

“Under the leadership of Honorable Chief Minister (BS Yediyurappa), all the departments of the government, including my department, have been working hard against Covid-19. From the time of corona's appearance, I have had the opportunity to visit 30 districts and work in harmony with the government's desire to treat people well. It is in this backdrop that I am going to be hospitalized and treated,” B Sriramulu said.

Karnataka’s Health Minister also added, “All those who have been in contact with me recently have been requested to take precautionary measures.”

Earlier this month, Karnataka Chief Minister BS Yediyurappa also tested positive for Covid-19. The state's Leader of Opposition and former CM Siddaramaiah of the Congress also declared that his samples too had returned positive for the infection. Both of the leaders are undergoing treatment for Covid-19 at the privately-owned Manipal hospital in Bengaluru.

According to the Ministry of Health and Family Welfare (MoHFW), Karnataka has 79,773 active cases while a total of 89,238 patients have been discharged in the state after recovering from Covid-19 and 3091 have succumbed to it.

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News Network
May 29,2020

New Delhi, May 29: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1.2 crore on Karnataka Bank Limited for non-compliance of asset classification, divergence and provisioning norms.

"The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) of the Banking Regulation Act, 1949. 

This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers," the central bank said in a statement on Thursday.

According to the central bank, the statutory inspection of the bank with reference to its financial position as on March 31, 2017, and as on March 31, 2018, and the Risk Assessment Reports (RAR) pertaining thereto revealed, inter-alia, non-compliance with the directions issued by RBI.

Earlier, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for non-compliance with the directions.

After considering the bank's reply to the notice, oral submissions made in the personal hearing and examination of additional submissions, RBI concluded that the charges of non-compliance with RBI directions warranted imposition of monetary penalty, according to a release.

This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.

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News Network
June 25,2020

New Delhi, Jun 25: The Central government submitted before the Supreme Court on Thursday that the remaining class 10 and 12 CBSE exams, which were earlier rescheduled to be held between July 1 to July 15 in view of the COVID-19 pandemic, have been cancelled.

Solicitor General Tushar Mehta, appearing for the Centre and Central Board of Secondary Education (CBSE), informed a three-judge bench headed by Justice AM Khanwilkar that the remaining class 10 and 12 CBSE exams scheduled to be held in July have been cancelled.

Delhi, Maharashtra, and Tamil Nadu have conveyed their inability to conduct the examinations, Mehta said.

The bench asked whether class 12 students were being given the option to either get marks on the internal assessment basis or appear for an exam later, to which the Mehta responded in the affirmative.

CBSE exams for class 10 students stand cancelled, Mehta said and added that they don't have to give any examinations. Mehta further submitted that as soon as conditions are conducive, CBSE exams for class 12 students, who opt for it, will be conducted.

The apex court was hearing a petition, filed by advocate Rishi Malhotra, seeking directions to cancel the remaining CBSE exams in view of the health risk of coronavirus infection. The apex court was also hearing a similar petition regarding the ICSE exams.

Indian Certificate of Secondary Education (ICSE), through its counsel Jaideep Gupta, also informed the court that it will also cancel the class 10 and 12 board exams. However, it submitted that it does not agree to give the option to students to give the exam later.

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