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Troubled with frequent power cut? Get compensation from electricity distributor if it happens due to this reason, know how
Power cut: Electricity discom have to provide compensation to you if they have resorted to wilful load shedding. This compensation will be adjusted through your electricity bill. However for other deficiencies of service (if any) you will have to lodge a complaint. Read here to know how much compensation you can get in Maharashtra, Rajasthan, Delhi and Karnataka.
Health insurance claim rejection: Widow fights, wins Rs 28 lakh damage; pre-existing disease can't be free pass for claim denial
The Delhi State Consumer Commission ruled that an insurer cannot reject a health insurance claim solely based on pre-existing diseases if they weren't the cause of death. The commission directed HDFC Life (previously known as HDFC Standard LIC Co. Ltd.) to pay Rs 19.4 lakh along with the interest to a woman whose husband's claim was rejected for not disclosing diabetes. The insurer also has to pay Rs 1,00,000 for mental harassment of the complainant along with the litigation cost. This is a relief for those with common lifestyle diseases like diabetes. Read the full case and verdict in details. What do you need to keep in mind while buying health insurance policy to avoid claim rejection later. Find out here.
DA hiked to 50%: Now HRA of central govt employees to go up as per 7th CPC; how much will HRA increase, when will you get it?
HRA hike for central govt employees: After DA hiked to 50%, several other allowances including HRA of the central government employees, will also be increased. The 7th Pay Commission recommended that the rates of HRA be revised to 30%, 20%, and 10% of basic pay in X, Y, and Z cities, respectively, when DA reaches 50%. Will the central government release a separate order mentioning the hike in HRA as DA reaches 50% now? How much will the hike be in HRA now? When can central government employees expect the increased HRA? Know here
DA, DR hiked to 50%: Will DA, DR automatically merge into basic pay of central govt employees, pensioners now?
DA hike latest news: In a welcome move for central government employees and pensioners, the dearness allowance (DA) and dearness relief (DR) have been increased by 4% to 50%. This decision, effective from January 1, 2024, benefits around 49.18 lakh central government employees and 67.95 lakh central government pensioners. Will DA and DR merge into basic pay for central govt employees, pensioners now? Will the salaries of the central government employees increase now? All the central government employees must know about the recent DA, DR hike.
DA hiked to 50%, HRA, other components to rise: How much will salary increase for central government employees, pensioners?
What happens when DA reaches 50%? The central government has recently increased dearness allowance by 4%. With this, DA will be hiked to 50% from 46% from the central government employees. Similarly, DR will be increase by 4% to 50% for the central government pensioners. As DA hits 50%, certain other allowances and components will also go up. So, overall take-home salary of the central government employees will increase significantly. How much will salary increase for central government employees, pensioners? Find out here
Mega salary hike for central govt employees as DA to touch 50%: HRA, gratuity, other components will also go up
If DA hits 50%, certain other allowances and components of the salary — house rent allowance, children's education allowance, gratuity ceiling, daily allowance — will also go up, according to the recommendations of the 7th Central Pay Commission. It will lead to a significant jump in the salaries of the central government employees. How will the central government employees be benefitted if DA touches 50%? Will DA merge with basic pay when it crosses the 50% threshold? Find out here
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PPF, SCSS, Sukanya Samriddhi, other small savings schemes: What happens if an accountholder dies without nominee; govt clarifies
PPF, SCSS, Sukanya Samriddhi, other small savings schemes: The Finance Bill 2023 has proposed to amend the Government Savings Promotion Act, of 1873 to clarify who will get money if the small savings scheme account holder dies without nomination. The Government Savings Promotion Act, of 1873 covers the Public Provident Fund, Sukanya Samriddhi, Senior Citizens Savings Scheme, National Savings Certificate, Post Office Time Deposits, Kisan Vikas Patra, Post Office Monthly Income Scheme and more.
Nod to Tata Power JV's takeover of UP Transmission Co
South East UP Power Transmission Company by Resurgent Power Ventures, a JV between Tata Power and ICICI Bank. It had emerged as the highest bidder in February, quoting ₹3,251 crore upfront payment for the stressed transmission asset under insolvency.
When is 18% GST applicable for renting of residential properties?
To keep things simple, the liability to deposit GST has fallen on the tenant. The landlord is neither required to obtain any registration under GST nor make any payment of GST on such renting service.
Why Indian entrepreneurs are using the golden visa to move base to Dubai
Lured by the ease of setting up business, complete waiver on personal income tax, and a friendlier policy environment, several of India's tech entrepreneurs have been emigrating to the UAE using the country's golden visa program, at a time when India has emerged as the third largest startup ecosystem in the world after the US and China.
Can't renegotiate PPAs; clear RE dues in 6 weeks: AP HC on PPA reneging matter
The order settles a crucial two-year old matter that created news within the country and international investment community. Andhra Pradesh’s attempt to renegotiate Power Purchase Agreements (PPAs), first in India, has been followed by other states like Gujarat and Punjab.
Andhra Pradesh scraps 6,400MW solar tender, opts for SECI supply
The order was passed on a petition filed in January by renewable energy companies, which had argued that the tender process had violated norms. The state told the high court last week that SECI has offered to supply solar power at Rs 2.49 per unit and that the government had decided to accept the offer for supply of uninterrupted 9 hours day-time free power to the farming community on a sustainable basis.
Delhi High Court told PM CARES Fund not of government; 3rd party info can't be disclosed under RTI
The court was hearing a petition filed by Samyak Gangwal who has said that the PM CARES Fund is a 'State' as it was formed by the Prime Minister on March 27, 2020 to extend assistance to the citizens of India in the wake of the public health emergency -- the ongoing COVID-19 Pandemic.
PGCIL puts on hold laying of overhead transmission lines in Rajasthan over SC ruling
These lines were to carry solar power from projects in Rajasthan totalling 8,100 MW and were made at a cost of around ?29,000 crore ($4 billion) as per industry estimates, while PGCIL will spend more than ?3,500 crore over the next 25 years to build and operate these lines.
Andhra Pradesh HC stays PPA signing between state, RE developers
Andhra Pradesh Energy Green Corp Ltd (APEGCL) filed an appeal against judgment passed by a single-judge bench on June 17 that quashed the state government's 6,400 Mw tender saying it failed to meet the Centre's guidelines for such bids.
High Court quashes Andhra Pradesh's 6,400 MW renewable energy tender
The Andhra Pradesh government had floated the bid in December 2020 which would not come under the Electricity Act of 2003, and promised free electricity to end consumers through the state distribution companies. However, since it did not come under the act, any grievances by private companies would be difficult to recover through the legal route.
Andhra Pradesh HC allows state to buy power from spot market
The order also said the Union power ministry and the ministry of new and renewable energy are not empowered under Section 37 of the Electricity Act, 2003 to enforce contracts signed between discoms and power generating companies. The power of regional load despatch centres is confined to efficient performance of the grid, it said.
Andhra Pradesh HC stays development of 6,400-mw mega solar project
The Andhra Pradesh High Court has stopped the state for now from awarding a 6,400-megawatt ultra-mega solar project, which is being eyed by 24 companies including NTPC and Adani Power.
Renewable companies move SC seeking transfer of case against Andhra Pradesh on tariff issue
In July 2019, the YSR Congress-led government in Andhra Pradesh said it will renegotiate wind and solar power purchase agreements signed by the previous administration, citing high tariffs. The developers declined to renegotiate and took the state to court, which led to a logjam and accumulating dues.
HC seeks Centre, Delhi govt reply on plea to empower officers to collect traffic violation penalties
A bench of Chief Justice D N Patel and Justice C Hari Shankar issued notice to the Delhi government, the police commissioner and the Ministry of Road Transport and Highways on the petition and listed the matter for further hearing on April 17.
Aptel hires 8 legal professionals to solve discom issue
The power ministry has asked discoms to ensure they maintain bank guarantees against offtake from power plants since August 1 to stop further piling-up of dues.
Aptel stays AP discom’s letter on tariff cuts to 3 Greenko units
Most renewable energy companies are contemplating approaching the Andhra Pradesh high court on the matter.
Delhi HC asks assembly panel not to insist on CS's appearance before it
"After giving a statement on March 5, the complainant (Question and Reference Committee) immediately issued notice notice to the Chief Secretary, asking him to appear before it today.
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