Discoms News
As per the order, the special audit will be carried out by a CAG-empanelled external auditor to make sure that subsidies reach the targeted beneficiaries in a transparent and efficient way.
Previously, the pension surcharge stood at 5%.
Pension surcharge goes towards the pensions of retired employees.
Last year, the rate was increased from 3.8% to 5%.
CM Arvind Kejriwal directed the department officials to identify areas in need of transformers for improved power supply
The government shall assist the DISCOMS in fixing transformers in those areas
The overhead cables shall be either made underground or insulated
As much as Rs 70,590 crore worth of credit has been sanctioned to discoms under the liquidity package for payment of dues by these utilities, Parliament was informed on Sunday.
The Finance Minister said that better performance of CPSEs can help the economy in a big way to recover from the impact of COVID-19.
Delhi government's new pro-consumer policy awaits a clearance from Delhi Lt. Governor Anil Baijal's office.
Union Power Minister Piyush Goyal on Sunday said that distribution companies (discoms) in BJP-ruled states like Rajasthan and Uttar Pradesh are likely to become profitable by next year.
The Union Power Ministry on Thursday said it has made mandatory for distribution companies (discoms) to provide power connections to consumers within 15 days in normal conditions, as it highlighted initiatives taken to ease the process of getting electricity.
The Delhi government is considering revoking the licences of BSES discoms due to their "dismal" performance.
As the Earth Hour coincides with the India-Pakistan match in ongoing T20 World Cup, BSES urged Delhiites to cheer for India while observing the Earth Hour.
Punjab has become the seventh state today to join UDAY scheme meant for the revival of discoms that will help it save Rs 5,475 crore in the next three years under the programme.
The Centre on Wednesday unveiled a new power tariff policy which allows 100 percent expansion by existing power plants, passing on levies to consumers and purchase of 100 percent electricity produced from waste.
Renewables emerged as the light at the end of the tunnel for the power sector, which continued to be bogged down by the debt worries of discoms during 2015 and all eyes are on the ambitious UDAY scheme on whether it can prove to be the much-needed elixir in the New Year.
Adequate and timely tariff hikes, and lower aggregate technical and commercial (AT&C) losses are required to sustain structural improvement of power distribution companies, rating agency Fitch says.
Banking sector as a whole has a huge exposure to state discoms to the tune of Rs 4.3 trillion in principal alone.
The Union Cabinet, headed by Prime Minister Narendra Modi, approved a scheme to ease the financial crunch facing power distribution companies, or discoms, that has impaired their ability to buy electricity.
Hit by subsidised tariffs, state electricity discoms are facing cash crunch and are incurring annual losses of about Rs 60,000-70,000 crore.
Stressing the need to hike power prices gradually, Union Minister Piyush Goyal Wednesday said increasing electricity tariffs is not the only way out for the loss-making distribution companies.
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