Heera Group director Nowhera Shaik arrested in Hyderabad
Hyderabad, Oct 16: The city police on Tuesday arrested Mahila Empowerment Party (MEP) chief Nowhera Shaik, who is also the Director of the Heera Group of Companies, which reportedly trades in gold, reported by Telangana Today.
Hyderabad Police Commissioner Anjani Kumar, who announced the arrest of Nowhera Shaik at a press conference here on Tuesday, said she was accused by several persons of cheating after collecting deposits in the name of investments.
The police said that Shaik, through her companies, had collected deposits from several persons and duped them by promising about 36 per cent of the investment as returns per annum. The police believe that the Heera Group of Companies cheated thousands of persons across the country.
Courtesy: telanganatoday.com
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Power tariffs under BESCOM to rise from May 1
Bengaluru (PTI): Power bills for consumers under the Bangalore Electricity Supply Company Limited (BESCOM) will go up from May 1, following an order issued by the Karnataka Electricity Regulatory Commission (KERC) on Friday.
The hike comes after KERC allowed the BESCOM to recover a revenue deficit of Rs 2,068 crore incurred in 2024-25, from the consumers.
As a result, for every unit of electricity consumed in 2024-25, the customers will be charged an additional 56 paise, it said.
"BESCOM shall calculate, for each of the active consumers of FY2024-25 the amount to be recovered based on their actual energy consumption during FY2024-25. Such amount shall be recovered during FY 2026-27 in equal monthly instalments, to be called as 'FY25 True up Charges', commencing from the first meter reading date falling on or after 1 May 2026 and concluding with the reading date ending on 30 April 2027," the order said.
"It is further ordered that BESCOM shall maintain a separate head of account, allocated for the purpose, to record the adjustment of the said amount to ensure full recovery of the deficit," it added.
Similarly Chamundeshwari Electricity Supply Corporation Limited (CESC) has also recorded a revenue deficit of Rs 121.71 crore and can collect an additional 15 paisa per unit for consumption in 2024-25, official sources said.
