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05/06/2023 04:43pm

Karnataka MSMEs to bear brunt of free power; power tariff hiked from June

image Karnataka MSMEs to bear brunt of free power; power tariff hiked from June

Bengaluru, June 5 (KNN) For the consumers of Bangalore Electricity Supply Company (Bescom) the power tariff will be up for the current month of June by Rs 2.89 per unit.

This has sent shockwaves among the industry fraternity, especially the micro and small scale industries of Karnataka, said Karnataka Small Scale Industries Association (KASSIA)


Expressing displeasure about the extent of the hike, K.N. Narasimha Murthy, President, KASSIA, said, “We understand that the abnormal hike is on account of the arrears of 70 paise pertaining to April, the approved hike of 70 paise hike as per tariff order May 12, and fuel and purchase cost adjustment (FPPCA) fee of January.”

But this should have been staggered in a way to mitigate the burden on the industry, suggested Murthy.

The chief said that KASSIA has been repeatedly urging the government to defer all such hikes that hurt the industry till normalcy is restored in the economy or for at least two years, but our voice is not being heard.

“While we accept that this government needs time to settle down before taking any major decisions, such major issues concerning the very survival of industry should have been taken with a little more sensitivity towards our grievances and situation,” he added.

KASSIA also pointed out that while it was not against the freebies announced by the government for the citizens this should not come at the cost of the industry who are already bearing the burden of the state and if their back is broken, there will be dark days ahead, warned, Murthy.  (KNN Bureau)


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