China defence minister says Huawei not a military company
Singapore: Huawei is not a military company despite its founder Ren Zhengfei's previous career in the army, China's Defence Minister General Wei Fenghe said Sunday, amid growing US-China tensions over trade and technology in which the Chinese telecom giant has been a main target.
The US placed Huawei on an "entity list" on grounds of national security on May 16, a move that curbs its access to US-made components it needs for its equipment. The Department of Commerce alleged that Huawei was engaged in activities that are contrary to US national security or foreign policy interest.
The Trump administration later issued a 90-day reprieve on its ban on dealing with Huawei, saying breathing space was needed to allow for software updates and other contractual obligations.
"Huawei is not a military company. Do not think that because the head of Huawei used to serve in the military, then the company that he built is part of the military," General Wei said while speaking at the Shangri-La Dialogue in Singapore.
"It doesn't make sense because these sorts of ex-servicemen, upon their retirement, a lot of them have set up companies in countries across the world," said General Wei, who is the first Chinese defence minister to attend the forum since 2011.
China's commerce ministry last week said it will release its own list of "unreliable entities". General Wei also said that the door is still open for talks with the US on the trade issue.
"On the trade friction started by the US: if the US wants to talk, we will keep the door open. If they want to fight, we are ready," he said.
The US and China are locked in a bitter, year-long trade dispute which has seen the Trump administration recently boost tariffs on USD 250 billion of Chinese goods.
Trump is demanding China to reduce the massive trade deficit which last year climbed to over USD 539 billion. He is also pressing for verifiable measures for protection of intellectual property rights (IPR), technology transfer and more access to American goods to Chinese markets.
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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.
