NSA Doval meets Russian Dy PM Denis Manturov; focus on bilateral trade ties
New Delhi (PTI): National Security Advisor Ajit Doval and Russian Deputy Prime Minister Denis Manturov held talks in Moscow with a focus on economic engagement.
Doval was on a two-day visit to Russia. On Wednesday, he held talks with his Russian counterpart Nikolai Patrushev.
According to a Russian readout on Thursday, Manturov held talks with Doval in his capacity as Chair of the Russian part of the Intergovernmental Russia-India Commission for Trade, Economic, Scientific, Technological, and Cultural Cooperation.
It said the two sides discussed the development of trade and economic ties and current issues related to cooperation in other spheres of mutual interest, including the peaceful use of outer space.
"I think it is important to use the mechanism of the Intergovernmental Commission to the maximum degree in order to strengthen bilateral collaboration across the board," Manturov stressed, according to the readout.
In the last few months, India has increased the import of discounted crude oil from Russia notwithstanding increasing disquiet over it by several Western powers.
India's crude oil imports from Russia have jumped over 50 times since April and now it makes up for 10 per cent of all crude bought from overseas.
Last month, Russian Ambassador Denis Alipov said Russia appreciates India for not supporting attempts to isolate it in multilateral forums and that bilateral trade between the two countries is on an upswing.
India has not yet condemned the Russian invasion of Ukraine and it has been maintaining that the crisis must be resolved through diplomacy and dialogue.
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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.
