Bizman robbed of Rs 2 cr while converting cash to crypto in Bengaluru
Bengaluru, Jun 27 (PTI): A 33-year-old businessman was allegedly robbed of Rs 2 crore by a gang of unidentified men in M S Palya here, police said on Friday.
The incident occurred on the afternoon of June 25 when Shree Harsha V was attempting to convert the cash into cryptocurrency at a commercial building, police added.
Suddenly, a gang of six assailants barged into the premises, threatened him with knives, and fled with his money and four mobile phones after locking him and others inside the room, a senior police officer said.
In his complaint, the victim claimed he had borrowed the money from friends to import machinery to start his cold-pressed oil business.
He said the transaction was arranged at an office in the commercial building at M S Palya.
A case has been registered, and efforts are underway to identify and nab the accused, police 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.
