Never shared Indian users' data with third parties: Paytm
New Delhi, May 26: Digital wallet payment company Paytm on Saturday refuted media reports that it has shared user data to third parties, saying that the data of its 300 million registered users is safe in India.
"There is a video going around on social media and it falsely claims that we shared some data with 3rd parties. Nothing can be further from the truth," the company wrote in a blog post.
"We never share your data with anyone: any company/ any government or any country. At Paytm, your data is yours. Not ours, or of a third party, or of the government."
Paytm reiterated that their policy allows only legally compliant data requests from the "law of the land" to get access to data for necessary investigations.
"You can be sure that no data is shared with anyone whom you would not have given us permission to share it with. This is the holy grail of trust between us.
"Any person claiming otherwise is not aware of the policy and is not authorised to speak on behalf of the company," the company said.
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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.
