Bank employees protest on May 30, 31
Bengaluru, May 24: The United Forum Of Banks Union has called for all India bank strike on May 30 and 31 demanding revision of salaries of bank officials and employees.
Speaking to reporters at the Press Club here on Thursday, union leader Srinivas said that despite several rounds of discussions with the United Front of Banks Union, the Indian Bank Association has failed to revise the salaries. Protesting this lethargic attitude, the Union has called for the all India strike. More than 70 per cent profit of the banks in the last ten years has gone for compensating the Non Performing Assets (NPA). Neither the bank officials nor the employees are responsible for such a development. So, it is not fair to deny the revision of the pay scale, he said.
In the last five years, the banking transaction has increased many folds. But when compared to the percentage in total expenditure, the employees’ salary has come down from 13.72 per cent to 10.81 per cent. In spite of the high inflation, the government has been cutting the salaries of bank officials and employees which is not fair. Against this stand, the union has called for two day bank strike, he 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.
