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Home > News > Report

Maharashtra powerless to pay tab

Agencies | October 02, 2004 00:25 IST

The Maharashtra government certainly did not expect this when it announced sops for farmers ahead of the assembly election.

It says it cannot pay the Rs 395 crore subsidy needed to supply power free to 24 lakh farmers in Maharashtra.

This has come as a blow to the Maharashtra State Electricity Board, which is not being allowed to hike tariff or collect dues from farmers to meet the expenditure.

When the government made the free power proposal, the Maharashtra Electricity Regulatory Commission asked it to pay compensation of Rs 395 crore to MSEB to make up for its losses.

However, the government says it is lacks funds to do so.

According to MSEB, the amount receivable from the government is Rs 599 crore, which includes Rs 395 as compensation for this quarter.

More reports from Maharashtra
Read about: Telgi case | Mumbai blasts

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Number of User Comments: 2

Sub: maharashtra powerless

another example of 'ability to fool the maximum number of people for the maximum period' in which art our political parties are 'gurus' to politicians ...

Posted by m.v.goray

Sub: free electricity for farmers

The chickens are coming home to roost. Why should only farmers be getting free electricity? Do they factor that when they sell their produce? Why ...

Posted by Narayan Dravid



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