PM Modi holds talks with Japanese counterpart, discusses ways to boost trade ties
Johannesburg (PTI): Prime Minister Narendra Modi on Sunday met with his Japanese counterpart Sanae Takaichi on the sidelines of the G20 Summit here and discussed bilateral cooperation in areas like innovation, defence and talent mobility.
“Had a productive meeting with Prime Minister Sanae Takaichi of Japan. We discussed ways to add momentum to bilateral cooperation in areas such as innovation, defence, talent mobility and more,” PM Modi posted on social media. The two leaders also discussed ways to enhance trade ties.
“We are also looking to enhance trade ties between our nations. A strong India-Japan partnership is vital for a better planet,” Modi added.
This is the first meeting between PM Modi and Takaichi after she assumed the leadership of her country in October.
Prime Minister Modi visited Japan in August this year.
During his visit, India and Japan firmed up 13 key agreements and declarations and announced the launch of several transformative initiatives.
Both countries adopted the India-Japan Joint Vision for the Next Decade. Building on the significant progress made towards the 2022–2026 target of JPY 5 trillion in public and private investment from Japan to India, an ambitious new goal of JPY 10 trillion (USD 68 billion) in private investment has been set for the near future.
The vision underscores the growing strategic alignment between the two nations, particularly in clean energy and emerging technologies.
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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.
