Ivan D'Souza leads hunger strike against merging of Vijaya Bank
Mangaluru, Jan 08: A hunger strike led by MLC Ivan D'Souza has been launched on Tuesday against the merging of City's prestigious bank Vijaya Bank with the Gujarat-based Bank of Baroda, which is running under loss.
The hunger strike began with garlanding of Gandhi's statue in front of the town hall.
Speaking after showering flowers at the statue of Vijaya Bank founder AB Shetty, Ivan D'Souza said that the merging of a bank which is under loss of more than Rs 4,000 crore with an in-profit bank was condemnable.
Vijaya Bank is the proud bank of the coastal region. Merging of a bank, which was pro-people and farmers, and changing its name is an injustice to the coastal region.
Wearing black ribbons, All India Bank Officers' Association's Mangaluru division President Surendra, MLC Harish Kumar, Deputy Mayor Mohammed K, Shashidhar Hegde, Sadashiv Ullal, Ashok DK, and others participated in the strike.
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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.
