Mahindra Group chairman lauds effort of Bantwal farmer who built 'Areca Tree Bike'
Bantwal: A local Arecanut farmer Ganapati Bhat who built a ‘Areca Tree Bike’ caught attention of tech giant Mahindra Group, Anand Mahindra on twitter who called on his companies President of farm equipment sector to have a close look on the product and check if the company can market the product.
Anand Mahindra replied to tweet by ANI detailing about the bike. Anand wrote How cool is this? The device not only seems effective & does the job, but also looks elegantly designed with a minimum of weight. @rajesh664 can your team look at this more closely & see whether we can market Mr.Ganapati Bhat’s device as part of our Farm solutions portfolio?”.
Bhat’s invention had caught the attention of national media when a video showing his daughter explaining the functioning of bike went viral earlier this month.
It will be interesting to see if Mahindra seal the deal for the product’s marketing with Bhat.
How cool is this? The device not only seems effective & does the job, but also looks elegantly designed with a minimum of weight. @rajesh664 can your team look at this more closely & see whether we can market Mr. Bhat’s device as part of our Farm solutions portfolio? https://t.co/4O0y2DmBzh
— anand mahindra (@anandmahindra) June 18, 2019
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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.
