Discoms fleecing people: Kejriwal

February 2, 2013

kejriwal1New Delhi, Feb 2: After careful scrutiny of papers submitted by the electricity distribution companies to the Delhi Electricity Regulatory Commission (DERC) in the past couple of years, the technical experts committee of the Aam Aadmi Party (AAP) has concluded that these companies were making huge profits while showing losses in their books to demand periodical rise in tariffs from the government.

Alleging that Chief Minister Sheila Dikshit conspired with these companies owned by Reliance (Anil Dhirubhai Group) and Tata group, AAP convenor Arvind Kerjriwal said that Dikshit was instrumental in stopping the then DERC chairperson from reducing the power tariffs when he “saw through the games being played by these companies”.

“Every Delhiites is paying twice the electricity bill than he should be paying. As per the papers accessed by us through RTI, we have learned that, then (2010) DERC chairperson Brijender Singh had concluded that instead of Rs 630 crore losses that these companies were claiming, they had in fact made a profit of Rs 3,577 crores. When he decided to reduced the tariff by 23 per cent, the Delhi government advised him against doing so,” said Kejriwal flaunting a letter in this regard written by the then S M Ali, Joint Director (Power) on May 4, 2010.

He added that every time there is hike in power tariff, Dikshit passes on the responsibility to DERC saying that the government has nothing to do with it. But, when it decides to reduce the tariffs, she interferes and puts pressure on it from doing so.

Slamming Anil Ambani and his companies, BSES Yamuna Power Limited (BYPL) and BSES Rajdhani Power Limited (BRPL), Kejriwal said that the two companies bought required transformers and other equipment from one of its own sister company and then claimed to have bought them at double the price to inflate their expenses and thus losses.

“Between 2004 to 2006, Anil Ambani companies showed purchasing equipments worth Rs 1,428 crore from their sister company Reliance Energy Limited (REL). When Brijender Singh asked these Discoms to produce the records of REL to see the price they refused saying that is a different company and have no access to their records. When he checked the VAT (Value Added Tax) records of REL from the concerned department, he found that they had in fact purchased these equipment at just Rs 850 crore,” alleged Kejriwal.

He added that these companies were even showing zero bills for thousands of consumers and organisations like Delhi Jal Board (DJB) and Delhi airport, etc.

Meanwhile, the chief minister in a statement released by her office claimed that the “so-called tariff order (to reduce tariff by 23 per cent) was nothing but the personal opinion of the then chairman based on false assumptions”.

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News Network
March 30,2020

New Delhi, Mar 30: The number of COVID-19 cases climbed to 1,071 in India on Monday, while the death toll rose to 29, according to the Union Health Ministry.

The number of active COVID-19 cases stood at 942, while 99 people were either cured or discharged and one had migrated, the ministry stated.

In its updated data at 10.30 am, it said two fresh deaths were reported from Maharashtra.

Thus, Maharashtra has reported the maximum number of eight COVID-19 deaths so far, followed by Gujarat (5), Karnataka (3), Madhya Pradesh (2), Delhi (2) and Jammu and Kashmir (2).

Kerala, Telangana, Tamil Nadu, Bihar, West Bengal, Punjab and Himachal Pradesh have reported a death each.

The total number of 1,071 cases includes 49 foreigners.

The highest number of confirmed cases of the pandemic has been reported from Kerala (194) so far, followed by Maharashtra at 193.

The number of cases has gone up to 80 in Karnataka, while Uttar Pradesh has reported 75 cases.

The number of cases has risen to 69 in Telangana, 58 in Gujarat and 57 in Rajasthan.

Delhi has reported 53 cases, while in Tamil Nadu, the number of positive cases is 50.

Punjab has reported 38 cases, while 33 COVID-19 cases have been detected each in Haryana and Madhya Pradesh.

There are 31 cases of the contagion in Jammu and Kashmir, followed by Andhra Pradesh (19), West Bengal (19) and Ladakh (13).

Bihar has 11 cases, while nine cases have been reported from the Andaman and Nicobar Islands. Chandigarh has eight cases, while Chhattisgarh and Uttarakhand have reported seven cases each.

Goa has reported five coronavirus cases, while Himachal Pradesh and Odisha have reported three cases each. Puducherry, Mizoram and Manipur have reported a case each, the Health Ministry said.

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News Network
June 24,2020

New Delhi, Jun 24: Over 1,500 urban and multi-state cooperative banks will be brought under the supervisory power of the Reserve Bank of India (RBI), said Union Minister Prakash Javadekar on Wednesday.

"Government banks, including 1,482 urban cooperative banks and 58 multi-state cooperative banks, are now being brought under supervisory powers of Reserve Bank of India (RBI); RBI's powers as they apply to scheduled banks will apply for cooperative banks as well," Javadekar said at a press conference, through video conferencing.

"The decision to bring 1,540 cooperative banks under RBI's supervision will give an assurance to more than 8.6 crore depositors in these banks that their money amounting to Rs 4.84 lakh crore will stay safe," he added.

The Minister of Information and Broadcasting further said that the Union Cabinet has approved a scheme "for interest subvention of 2 per cent to Shishu loan category borrowers under Pradhan Mantri Mudra Yojana, outstanding as on March 31, 2020, for one year to eligible borrowers."

The Minister also said that the Union Cabinet has approved the declaration of Kushinagar Airport in Uttar Pradesh as an international airport.

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News Network
April 20,2020

London, Apr 20 : Embattled liquor baron Vijay Mallya, who is wanted in India on alleged fraud and money laundering charges amounting to an estimated ₹9,000 crore, today lost a High Court appeal in UK against his extradition order to India.

A consortium of Indian public sector banks led by the State Bank of India had sought a bankruptcy order against Mallya as part of efforts to recoup around GBP 1.145 billion of unpaid loans from Mallya.

The 64-year-old former Kingfisher Airlines boss had appealed to the High Court against his extradition to India at a hearing in February this year.

Lord Justice Stephen Irwin and Justice Elisabeth Laing, the two-member bench at the Royal Courts of Justice in London presiding over the appeal, dismissed the appeal in a judgment handed down remotely due to the current coronavirus lockdown.

"We consider that while the scope of the prima facie case found by the SDJ [Senior District Judge] is in some respects wider than that alleged by the Respondent in India [Central Bureau of Investigation (CBI) and Enforcement Directorate (ED)], there is a prima facie case which, in seven important respects, coincides with the allegations in India," the judges ruled.

Earlier this month, the High Court in London had deferred hearings on a plea by the SBI-led consortium of Indian banks, seeking the indebted tycoon to be declared bankrupt to enable them recover their loan from him.

Justice Michael Briggs of the insolvency division of the High Court granted relief to Mallya, ruling that he should be given time till his petitions to the Supreme Court of India and his settlement proposal before the Karnataka High Court be determined, allowing him time to repay his debts to the banks in full.

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