SME Times is powered by   
Search News
Just in:   • GST reforms in food processing and logistics sectors to empower consumers, industry  • Nifty, Sensex open flat as investors wait for fresh cues, US Fed meet outcome  • India’s GDP growth to remain steady at 6.5 pc, another RBI rate cut likely this fiscal  • GST reforms to increase demand for automobiles, ancillary industries to benefit  • Oracle’s Larry Ellison becomes world’s richest person, surpasses Elon Musk 
Last updated: 25 Jan, 2023  

Power.Border.Thmb.jpg TN power utility to do away with subsidies for consumers

Power.Resize.jpg
   Top Stories
» Nifty, Sensex open flat as investors wait for fresh cues, US Fed meet outcome
» India’s GDP growth to remain steady at 6.5 pc, another RBI rate cut likely this fiscal
» Extend ITR, audit deadlines due to portal glitches, compliance overload: Tax associations
» Centre to help automobile industry expand markets, strengthen supply chains
» Stock market opens higher, auto stocks lead rally over GST booster
IANS | 25 Jan, 2023
The Tamil Nadu Generation and Distribution Company (Tangedco) is to formulate a plan for consumers to give up the 100 free units and other power subsidies. This will come into effect after the Aadhaar linking of the consumers is completed.

A senior officer with Tangedco while speaking to IANS said that the power utility is in the final phase of executing the project and an announcement on the same would be given soon.

The households of Tamil Nadu as well as the weavers are getting 100 free units as a subsidy and the state power department is making alternate arrangements to substitute this.

Streamlining of power subsidies, Aadhaar linking of consumers, and feeder segregation are three major parameters to be executed by a power utility to get the Central government funding.

Tangedco has already taken steps for Aadhaar linking and feeder segregation and the power utility is now planning a scheme so that the consumers are giving up the subsidies voluntarily. If the consumers give up the power subsidies, the financial situation of Tangedco improves.

However, there has to be a separate column on Tangedco website required to introduce the scheme that helps the consumers give up the subsidies voluntarily. The Tangedco will advertise the scheme and report to Tamil Nadu Electricity Regulatory Commission.

With the last date for linking of Aadhaar cards coming up on January 31, the Tangedco, according to the senior official, has no plan to extend the last date. The Tangedco official also said that a new plan for voluntarily foregoing the power subsidy will be submitted before the Tamil Nadu Assembly session is convened.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹84.00
₹82.25
UK Pound
₹104.65
₹108.10
Euro
₹92.50
₹89.35
Japanese Yen ₹56.10 ₹54.40
As on 25 Jul, 2025
  Daily Poll
Who do you think will benefit more from the India - UK FTA in the long run?
 Indian businesses & consumers.
 UK businesses & consumers.
 Both will gain equally.
 The impact will be negligible for both.
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter