Thiruvananthapuram: Electricity minister K Krishnankutty here on Saturday termed baseless the reports that the government has decided to do away with the electricity subsidy. “Government has issued no order to stop the subsidy to weaker sections,” he said.
At present, around 77 lakh consumers enjoy the benefit of subsidy. Consumers who use up to 30 units of energy a month need not to pay their bill.Consumers who use up to 120 units of power a month also get the benefit of power subsidy. Apart from this, several others, including those who sustain their life with the help of life supporting machines and agricultural consumers also get the benefit of subsidy, the minister said.
The state government decision to do away with the practice of allowing KSEB to retain the electricity duty collected from consumers has created an impression that such a decision would ultimately lead to the cessation of the subsidy scheme as well.
The government issued an order on November 1, saying the KSEB should pay the electricity duty collected from consumers to the government from November 1 onwards. However, the office of the minister said the order regarding the electricity duty won’t affect the subsidy.
“As per sub-clause (2) of clause 9 of the Kerala Electricity Second Transfer Scheme (Re-vesting), 2013, the government has decided to amend certain clauses of the Kerala State Electricity Second Transfer Scheme (Re-vesting), 2013, since the period allowed for retention of electricity duty collected by the KSEB ends on 31st October 2023. Now, the government has decided to dispense with the system of retaining electricity duty collected by the KSEB from customers with effect from 1st November 2023.
The electricity duty collected by the KSEB from 1st November 2023 onwards shall be remitted to government in head of account 0043-102-99-receipt as declared in the budget speech for 2023-2024, after retaining 1% of the total duty collected as collection charge,” the widely misunderstood government order said.
We also published the following articles recently
At present, around 77 lakh consumers enjoy the benefit of subsidy. Consumers who use up to 30 units of energy a month need not to pay their bill.Consumers who use up to 120 units of power a month also get the benefit of power subsidy. Apart from this, several others, including those who sustain their life with the help of life supporting machines and agricultural consumers also get the benefit of subsidy, the minister said.
The state government decision to do away with the practice of allowing KSEB to retain the electricity duty collected from consumers has created an impression that such a decision would ultimately lead to the cessation of the subsidy scheme as well.
The government issued an order on November 1, saying the KSEB should pay the electricity duty collected from consumers to the government from November 1 onwards. However, the office of the minister said the order regarding the electricity duty won’t affect the subsidy.
“As per sub-clause (2) of clause 9 of the Kerala Electricity Second Transfer Scheme (Re-vesting), 2013, the government has decided to amend certain clauses of the Kerala State Electricity Second Transfer Scheme (Re-vesting), 2013, since the period allowed for retention of electricity duty collected by the KSEB ends on 31st October 2023. Now, the government has decided to dispense with the system of retaining electricity duty collected by the KSEB from customers with effect from 1st November 2023.
The electricity duty collected by the KSEB from 1st November 2023 onwards shall be remitted to government in head of account 0043-102-99-receipt as declared in the budget speech for 2023-2024, after retaining 1% of the total duty collected as collection charge,” the widely misunderstood government order said.
We also published the following articles recently
Thailand scales down EV subsidy as sales gain momentum
Thailand has approved a new subsidy package for its electric vehicle (EV) industry, offering a subsidy of up to 100,000 baht ($2,764) per EV car. The package, approved by the National Electric Vehicle Policy Committee, will also include lower import duty and excise taxes. Thailand aims to convert 30% of its annual production of 2.5 million vehicles into EVs by 2030. The country has already attracted Chinese carmakers such as BYD and Great Wall Motor, who have committed to invest $1.44 billion in new production facilities.
Thailand has approved a new subsidy package for its electric vehicle (EV) industry, offering a subsidy of up to 100,000 baht ($2,764) per EV car. The package, approved by the National Electric Vehicle Policy Committee, will also include lower import duty and excise taxes. Thailand aims to convert 30% of its annual production of 2.5 million vehicles into EVs by 2030. The country has already attracted Chinese carmakers such as BYD and Great Wall Motor, who have committed to invest $1.44 billion in new production facilities.
Cabinet gives approval for tax subsidy to two private firms
The state cabinet has approved the release of dues under the Infrastructure and Industrial Investment Policy-2012, benefiting Samsung India Electronics Pvt Ltd and LG India Electronics Pvt Ltd. Samsung will receive Rs 1,751 crore over the next 8-10 years, with Rs 300 crore to be paid from 2018 to June 2022. The remaining Rs 1,400 crore will be paid over the next 8-10 years. LG has invested Rs 500 crore for manufacturing white goods. The subsidies had been on hold since 2018 due to technical issues related to the change from VAT to GST.
The state cabinet has approved the release of dues under the Infrastructure and Industrial Investment Policy-2012, benefiting Samsung India Electronics Pvt Ltd and LG India Electronics Pvt Ltd. Samsung will receive Rs 1,751 crore over the next 8-10 years, with Rs 300 crore to be paid from 2018 to June 2022. The remaining Rs 1,400 crore will be paid over the next 8-10 years. LG has invested Rs 500 crore for manufacturing white goods. The subsidies had been on hold since 2018 due to technical issues related to the change from VAT to GST.
Priyanka Gandhi Vadra vows sops in Chhattisgarh, Rs 500 subsidy on LPG
Congress leader Priyanka Gandhi Vadra defended her family’s involvement in politics, stating that it was not dynastic politics but intense patriotism that kept their faith in the country strong despite the assassinations of her father, Rajiv Gandhi, and grandmother, Indira Gandhi. She made these remarks while addressing election rallies in Chhattisgarh, where she promised various guarantees to the people, including a women-focused subsidy on LPG cylinder refills and loan waivers for women self-help groups. Priyanka also criticized the BJP for alleged corruption and misleading politics.
Congress leader Priyanka Gandhi Vadra defended her family’s involvement in politics, stating that it was not dynastic politics but intense patriotism that kept their faith in the country strong despite the assassinations of her father, Rajiv Gandhi, and grandmother, Indira Gandhi. She made these remarks while addressing election rallies in Chhattisgarh, where she promised various guarantees to the people, including a women-focused subsidy on LPG cylinder refills and loan waivers for women self-help groups. Priyanka also criticized the BJP for alleged corruption and misleading politics.