Maharashtra to decide power tariff cut: Deputy CM Ajit Pawar

Image
Press Trust of India Mumbai
Last Updated : Jan 08 2014 | 11:09 PM IST
Maharashtra Deputy Chief Minister Ajit Pawar said here today that the proposal prepared by the energy department based on the Rane Committee report regarding a power tariff cut is under consideration and a decision would be taken soon.
"We are studying financial burden on the exchequer, the subsidy given by other states and its impact on development works. The state government would have to bear the subsidy burden. The cut was possible only after the state government's subsidy," he said.
It is yet to be decided about how much burden the state exchequer should take. The issue could have been discussed intoday's cabinet meeting, but it has been postponed due to the absence of department officials, he said.
"All consumers, including domestic, agricultural, commercial and industrial, will benefit from the decision," Pawar assured, though he declined to comment on how much relief consumers would get.
The Rane Committee Report has recommended a 10 to 20 per cent power tariff cut which may cost Rs 6,000 crore to the state government as subsidy.
Incidentally, the demand to cut power tariff intensified after Aam Aadmi Party's (AAP) Arvind Kejriwal-led Delhi state government slashed electricity bills by 50 per cent.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 08 2014 | 11:09 PM IST

Next Story