Arun Jaitley presents Delhi Budget in Parliament; power subsidy announced

Last Updated: Friday, July 18, 2014 - 14:27

Zee Media Bureau

New Delhi: Union Finance Minister Arun Jaitley on Friday presented Delhi's budget in Parliament as the city assembly has been kept under suspended animation and the President Rule is in force.

Presenting Delhi Budget, Arun Jaitley today announced per unit power subsidy of Rs 0.80-1.20 for those consumers whose monthly consumption does not exceed 400 units.

The government has proposed per unit power subsidy of Rs 1.20 and Rs 0.80 for consumption of electricity between 0 to 200 units and between 200 and 400 units respectively.

Amid continuing power cuts, electricity tariffs in Delhi were on Thursday hiked by upto 8.32 percent.

The DERC also announced the creation of a new slab of 801 to 1200 units.

As per the new tariff, the rate for consumption of electricity between 0 to 200 units will be Rs 4 – a hike of 10 paisa.

Electricity consumption between 201 and 400 units will be charged at Rs 5.95, a hike of 15 paisa; between 401 and 800 units at Rs 7.30, an increase of 50 paisa; between 801 and 1200 units at Rs 8.10, a hike of Rs 1.10; and consumption above 1200 units will be charged at Rs 8.75 per unit.

The DERC chairman said that effective power rates for those consuming upto 800 units will actually come down, as the Commission was scrapping the power purchase adjustment cost (PPAC) currently levied at 6 to 8 percent for all consumers.

For example, power tariff hike for upto 200 units consumption is 10 paise per unit, i.e. about 2.5 percent hike, but DERC has waived PPAC of 8 percent. So, people consuming upto 200 units will get a lower power bill of 5.5 percent, i.e. 8 percent minus 2.5 percent hike.

Similarly, people in 200-400 units bracket will also get a lower bill.

The surcharge levied, meanwhile, stays at 8 percent.

Here are the key highlights of Delhi Budget:

-No new taxes proposed in Delhi budget

-Govt provides Rs 260 crore for power subsidy in Delhi

-Multi-speciality hospital to be opened in Rohini

-50 dialysis centres will be opened

-Community toilets to be set up in JJ clusters

-More night centres will be opened in Delhi

-Four new sewerage treatment plants will be set up

First Published: Friday, July 18, 2014 - 09:01

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